Strive bought STRC instead of holding ‘idle cash,’ lost over $4M
Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.
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— Blockchain, Fees
These crypto chains raised $500M but generate just $360 in daily fees
Breaking down where it all went wrong for $500M of VC investments which produce just $360 in daily fees between them.
SecondFi hack forces Cardano firm to give up running TOKEN2049
Cardano co-founder Emurgo was forced to hand over the organization of TOKEN2049 to the Cardano Foundation following the exploit of SecondFi.
IBM just had its worst day since Black Monday
IBM crashed 26%, shedding $72B of its market cap in a single day after CEO Arvind Krishna confessed the company faltered during Q2.
Coinbase CEO admits content coins were a mistake
Coinbase CEO Brian Armstrong admitted that the firm "messed up" with content coins and its crypto social media app Zora before its AI pivot.
Cap ‘stabledrop’ U-turn sees cUSD drop $23M, founder denies self dealing claims
Cap’s founder took to X to apologize for a u-turn on the long anticipated "stabledrop" and distance himself from a notorious wallet address.
SpaceX slips below $140 per share, wiping $1T from peak valuation
SpaceX slipped below $140 per share on Monday, wiping out $1T from the peak market capitalization of Elon Musk’s IPO.
— Michael Saylor, MicroStrategy
No amount of cash can fix STRC’s trust problem
Michael Saylor keeps raising cash for STRC holders who've watched him shift his promises, so the discount below par is persisting.
BlueMove’s $500K SUI loss raises insider job suspicions
Around $500K worth of SUI tokens was drained from BlueMove DEX's locked pools last weekend, leading to rumours of an inside job.
SK Hynix wipes out US debut gain in one day of trading
SK Hynix’s new ADR rose 12.7% on its Nasdaq debut Friday. Then Seoul dropped -12.6% on Monday, leaving many US buyers in the red.