– Binance has suspended deposits for 10 bridged tokens due to uncertainty surrounding the Multichain protocol, which has experienced delayed transactions over multiple bridges in recent days.
– FTX’s new management is reviewing plans for restarting the bankrupt crypto exchange and finalizing material required for its rebooting as FTX 2.0, with a bidding process potentially on the horizon.
– Celsius Network has been acquired by crypto consortium Fahrenheit, pending regulatory approval, with the bid incorporating Celsius assets previously valued at nearly $2 billion.
– Bitcoin is currently testing key moving averages against a backdrop of traders’ downside targets extending to $25,000 and below, but one analyst believes that a BTC price breakout is still in progress.
– DeFi protocol WDZD Swap was exploited for $1.1 million worth of Binance-Pegged Ether, according to a report from blockchain security firm CertiK.
– Ethereum’s native token, Ether, may be both a commodity and a security, according to former CFTC commissioner Dan Berkovitz.
– Binance has denied allegations of mismanagement of customers’ funds, calling a Reuters report “1000 words of conspiracy theories.”
– Crypto investors are often wealthy on paper but can’t get a home loan from a bank, leading some to put their Bitcoin up as collateral for a mortgage, which is considered super risky.
– DeFi Dad, who has amassed over 152,000 followers on Twitter for his crypto insights, believes Ethereum is “woefully undervalued” but growing more powerful.
