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Markets

BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral

The move is expected to benefit FLOKI holders, developers say, as they continue to build and seek strategic partnerships.

(Midjourney/CoinDesk)

Technology

Crypto Wallet Firm Dfns Says ‘Magic Links’ Have Critical Vulnerability

Affected services say they were given barely any notice before Dfns published its blog post detailing the so-called zero day.

(Kenny Eliason/Unsplash)

Finance

Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners

The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions.

(Nikhilesh De/CoinDesk)

Finance

Alameda-Backed Crypto Trader Folkvang Is Still Standing Despite Big Hit From FTX's Demise

The firm, which managed as much as $400 million in 2021, had half of its equity parked on FTX before it collapsed.

Founder Mike van Rossum (Folkvang)

Finance

Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8

The self-custody platform was an asset of bankrupt crypto lender Celsius.

GK8 co-founders CTO Shahar Shamai (left) and CEO Lior Lamesh (Galaxy Digital)

Finance

Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech

Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers.

Riyadh, Saudi Arabia. (Ekrem Osmanoglu/Unsplash)

Finance

Bitmain Partner BitFuFu Starts Marketplace for Crypto Mining Rig Coupons

The discount coupons issued last year haven't been used because miners don't have the cash to spend on new equipment.

Crypto mining rigs (Eliza Gkritsi/CoinDesk)

Policy

Canada Close to Tightening Rules for Crypto Exchanges: Sources

The changes will ensure it’s simply too expensive to do business in Canada, said one person familiar with the plans.

(British Library/Unplash)

Finance

Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources

The early lump sum payment they picked is set to be paid out in September. The option to wait until all Mt. Gox litigations settle could net higher payouts but may take another five to nine years, sources said.

Mt. Gox will set a repayment date in due course. (CoinDesk)

Finance

Web3 Messaging Platform Salsa Raises $2M in Pre-Seed Round

The mobile app is now available in beta and has a partnership with a Proof of Attendance Protocol (POAP).

Salsa co-founders CEO Helena Gagern (left) and CTO Grace Wang (Salsa)