Author: Crypto Insider

Cryptocurrency portfolio manager CoinStats has temporarily suspended user activity following a security breach that affected 1,590 crypto wallets. “The attack has been mitigated, and we have temporarily shut down the application to isolate the security incident,” CoinStats wrote in a June 22 X post. “Thanks to the immediate incident response from the CoinStats team, only 1.3%…

Multinational bank Standard Chartered may be working to launch a Bitcoin and Ether trading desk. If launched, this would make the bank one of the first global banking institutions to get into spot crypto trading. Standard Chartered on BTC and ETH trading desk On June 21, Bloomberg reported that the crypto desk will soon begin operations. Citing anonymous sources,…

Bitcoin has been in a downtrend for over two weeks and now trades 13.8% below its all-time high of $73,835, reached on March 14. Analysts argue that BTC must recover its hashrate and shake off “weak hands” to end the downtrend. Independent analyst Willy Woo noted that Bitcoin’s price would only recover when “weak miners die” and…

BNB Chain activated its Haber hard fork which introduces BNB Evolution Proposal (BEP)-336 to optimize data storage and processing on the network. On June 20, the blockchain network announced that it successfully activated the hard fork, claiming a 90% reduction in blockchain fees. BEP 336, which takes inspiration from the Ethereum Improvement Proposal (EIP)-4844, enables blob-carrying…

LayerZero’s token launch on June 20 caused a massive surge in fees on Arbitrum, leading to a record $3.43 million daily revenue for the blockchain, a bump of around 16,680% compared to ththe day prior. LayerZero launched the ZRO token on Thursday but triggered criticism over its obligatory “donation” mechanism — which requires claimants to spend a…

Cross-chain interoperability protocol LayerZero’s newly launched token LayerZero (ZRO) fell 17% since its launch amid controversy over its donation criterion for claiming tokens, which some have likened to a “tax.” Some disagree with the criticism and think the mechanism could be a good step toward solving the issues plaguing recent token airdrops. Upon its launch…