AI-powered summaries of the day's top crypto events
The price of Truebit's TRU token plunged from $0.16 to $0.0000000029 after the protocol announced a $26 million security breach. The exploit led to a significant sell-off as investigators tracked the stolen Ether, causing panic among investors.
In a landmark decision, the South Korean Supreme Court affirmed that Bitcoin stored on cryptocurrency exchanges can be legally seized under criminal law. This ruling sets a precedent for the treatment of digital assets in legal proceedings within the country.
Zcash (ZEC) fell by approximately 20% to a month-low of $382 as the entire development team resigned, revealing internal conflicts over project assets. This governance crisis has led to significant market volatility, decoupling Zcash's performance from broader crypto trends.
Ethereum scaling solution Polygon is reportedly close to acquiring Coinme, a Bitcoin ATM provider, for between $100 million and $125 million. This strategic acquisition aims to expand Polygon's footprint in the physical crypto infrastructure market.
The Commodity Futures Trading Commission (CFTC) has issued a no-action letter to Bitnomial, allowing the exchange to offer event contracts. This move reflects the increasing acceptance of prediction markets and event-based contracts by US regulators.