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Updated April 22, 2024

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According to BlockBeats, digital asset trading firm Crossover Markets has successfully raised $12 million in a Series A funding round. The round was led by Illuminate Financial and DRW Venture Capital, with participation from Flow Traders, Laser Digital, Two Sigma, and Wintermute.

In the previous month, Crossover Markets established a partnership with major broker Hidden Road. According to the company's CEO, Brandon Mulvihill, Crossover Markets is one of the few ultra-low latency electronic communication networks (ECN) in the cryptocurrency field. This development highlights the company's commitment to providing efficient and reliable digital asset trading services.

The successful funding round and the recent partnership with Hidden Road are expected to bolster Crossover Markets' position in the digital asset trading industry. The funds raised will likely be used to enhance the company's technology and expand its services, ensuring it remains competitive in the rapidly evolving cryptocurrency market.

According to Odaily, Nashville Hot Chicken (NHC), a chain of restaurants, has announced that it will accept the DOG cryptocurrency as a form of payment at its 14 locations. The restaurant chain plans to collaborate closely with developers in the coming months and years to facilitate payments through Bitcoin, the Lightning Network, and DOG. This move is part of a broader trend of businesses embracing digital currencies as a legitimate form of transaction. However, the specific timeline for the implementation of these payment methods has not been disclosed. The integration of cryptocurrencies into everyday business transactions represents a significant shift in the financial landscape, with more and more companies recognizing the potential benefits of this digital asset.

According to Foresight News, a significant transaction involving the sale and purchase of various cryptocurrencies was recorded. An address sold LandWolf (WOLF) tokens worth $130,000 through two transactions at 13:10. Following this, within a minute, the same address purchased 71,720 Doraemon (DORAE) tokens using 891 SOL tokens, which are valued at over $122,000.

In addition to this, the address also bought 2,386 DORAE tokens using 29.7 SOL tokens, which are approximately worth $4,000. Despite these substantial purchases, the current value of the DORAE tokens held by this address is less than $500. This series of transactions highlights the volatile nature of the cryptocurrency market, where the value of holdings can fluctuate dramatically in a short period.

According to Odaily, the Cardano blockchain was targeted by a Distributed Denial of Service (DDoS) attack on Tuesday evening. The attackers attempted to steal tokens staked on the network. However, the attack was successfully mitigated before any damage could be inflicted, and the network continued to operate normally.

The DDoS attack is a common cyber threat where multiple compromised computers are used to overwhelm a target system, causing it to slow down or even shut down. In this case, the attackers aimed to disrupt the Cardano blockchain and steal staked tokens. Despite the severity of the attack, the Cardano network was able to effectively neutralize the threat, ensuring the security of the staked tokens and the continued operation of the network.

This incident underscores the resilience of the Cardano blockchain against cyber threats. It also highlights the importance of robust security measures in protecting digital assets and maintaining the stability of blockchain networks.

According to Odaily, the Flare Network community has initiated a proposal, FIP.09, suggesting the release of 510 million FLR tokens from a 20 billion FLR incentive pool to support the growth of the Flare ecosystem. This move aims to encourage community participation in various ecosystem DApps, thereby supporting the builders of the Flare mainnet and liquidity.

This would be the first time tokens are distributed from the incentive pool. Future governance proposals will require community approval for the release of the remaining tokens in the incentive pool. A 'Release Committee' comprising six representatives from both Flare and non-Flare entities will be responsible for arranging this plan.

Each month, the committee can distribute any maximum amount, not exceeding the maximum limit specified in the schedule. Any remaining portion within a month can be reallocated or destroyed. The voting for this proposal will commence on June 28.

According to Odaily, Floki has announced the public mainnet beta test of its innovative multi-chain Telegram trading bot, Floki Trading Bot, on three major EVM blockchains: Ethereum, BNB Chain, and Base. The bot is designed to provide a seamless trading experience.

For each transaction, the bot charges a 1% fee, using FLOKI as its primary utility token. Half of the fee is used to purchase and burn FLOKI, while the remaining part goes to the Floki treasury. This strategy is expected to enhance the utility of the FLOKI token and accelerate its deflation.

According to BlockBeats, Meme coin Doraemon (DORAE) experienced a significant market fluctuation on June 26th. The coin, which opened trading in the morning, saw its market value surge to $2 billion at one point. However, DORAE's current price stands at $0.08484, marking a drastic drop of 91.7% within a 30-minute span.

The sudden rise and fall of Doraemon's market value highlight the volatile nature of the cryptocurrency market. Despite the initial surge, the coin's value plummeted dramatically, demonstrating the risks associated with investing in such digital assets. Investors are advised to exercise caution when dealing with cryptocurrencies, particularly those that exhibit such extreme price volatility.

The incident with Doraemon is a stark reminder of the unpredictable nature of the cryptocurrency market. It underscores the need for potential investors to thoroughly research and understand the risks involved before investing in any digital asset. Despite the potential for high returns, the risk of significant losses is equally high.

According to Odaily, Jamaal Bowman, a critic of the FIT 21 bill and cryptocurrency, has lost the Democratic primary in New York's 16th district to George Latimer, the Westchester County Executive. The Super Political Action Committee (PAC) Fairshake, which supports cryptocurrency, spent $2 million last week on advertisements opposing Bowman.

Josh Vlasto, a spokesperson for Fairshake, stated that Bowman's opposition to establishing clear rules for the cryptocurrency and blockchain industry has now forced him to seek an alternative path. He added that the cryptocurrency and blockchain community will continue to support candidates who believe in innovation and job creation, and are willing to work across party lines.

According to Odaily, Brazil's B3 Securities Exchange is contemplating the expansion of its local cryptocurrency trading options, with a focus on offering Ethereum futures contracts. The exchange is a pioneer in the Latin American region for providing cryptocurrency-related trading products. The primary target of this expansion is institutional investors seeking to diversify their traditional or cryptocurrency investment portfolios through a wider range of choices.

The B3 Securities Exchange's move to consider expanding its cryptocurrency trading options is a significant step in the Latin American financial market. By offering Ethereum futures contracts, the exchange is not only broadening its product offerings but also providing investors with more opportunities to diversify their investment portfolios. This move is particularly aimed at institutional investors who are looking for more options to spread their investments across both traditional and cryptocurrency markets.

This development underscores the growing acceptance and integration of cryptocurrency in the global financial market. As one of the leading exchanges in Latin America, B3's potential expansion of cryptocurrency trading options could set a precedent for other exchanges in the region. It also highlights the increasing demand for more diverse investment options in the cryptocurrency sector, particularly from institutional investors.

According to Foresight News, ZK Infrastructure and Ethereum scalability solution developer, Foundation, has announced its public product roadmap. The roadmap includes the launch of Devnet in July, the release of the ecosystem testnet V1 in November, and the rollout of testnets V2 and V3 in the second and third quarters of 2025. The mainnet Alpha version is set to be launched in the fourth quarter of 2025. The Foundation plans to move towards complete decentralization from the Alpha stage.

In the Devnet, users will be able to deploy contracts, interact with contracts, retrieve contract status, and demonstrate synchronous and asynchronous contract calls in various scenarios. The Devnet is focused on the development of various DEX architectures.

According to CryptoPotato, the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) began in 2020 and is currently in its trial phase. The outcome of the case, which aims to determine if XRP should be classified as a security, remains uncertain. This decision could significantly affect XRP's legal status and investor sentiment.

The lawsuit has reportedly created a sense of uncertainty and negatively impacted investor confidence. If the lawsuit had not occurred, it is suggested that the market sentiment might have been more positive. Furthermore, in the absence of legal issues, Ripple might have been able to establish more partnerships with enterprises and financial institutions, leading to increased adoption.

The lawsuit also led to many exchanges delisting XRP or restricting its trading. Although many have since reinstated it, this move likely affected XRP's accessibility and trading volumes. Without the lawsuit, XRP might have had more regulatory clarity, making it a more attractive investment for institutions wary of legal uncertainties.

While it is speculative, experts generally believe that without the lawsuit, XRP's price would likely be significantly higher, reflecting its potential and adoption in the market without the legal overhang. However, any estimation remains speculative and would require a comparison of historical data from periods before the lawsuit with other major cryptocurrencies' performance.

According to Odaily, Bitcoin experienced a sharp drop to below $60,000 over the last weekend, resulting in realized losses exceeding $537 million. The majority of these losses were incurred by short-term holders (STH). This sell-off highlighted the volatility and reactive behavior of these market participants, with $441 million of the losses coming from users who held Bitcoin for a month or less. As the market fluctuated, key on-chain indicators showed a dramatic decrease in the proportion of profitable STH supply.

According to CryptoPotato, a vulnerability in SendPulse, the email automation service used by the Ethereum Foundation, led to the leakage of the foundation's mailing list. This was reported by Ethereum core developer Tim Beiko. The breach allowed an attacker to send phishing emails from updates@ethereum.org to subscribers. The foundation has since limited access to the mailing list. Beiko urged users not to click any links sent from that email.

Phishing attacks have become increasingly common in the crypto space. Last year, the account of Ethereum co-founder Vitalik Buterin was hacked by scammers who posted a fake NFT giveaway, prompting users to click a malicious link. This resulted in victims losing around $800,000. Buterin later confirmed that the hack was the result of a SIM swap attack.

In a more recent incident, cryptocurrency portfolio tracker CoinStats disclosed that it had experienced a phishing attack affecting 1,590 cryptocurrency wallets, which represented 1.3% of all its wallets. Consequently, the company temporarily shut down its application. Additionally, SlowMist founder Yu Xian revealed that the TON blockchain ecosystem had become an appealing target for phishing attacks due to its explosive surge this year. Xian explained that Telegram accounts that were opened using anonymous numbers are more prone to such attacks.

According to Odaily, the past 24 hours have seen a significant increase in the value of several cryptocurrencies on the AscendEX platform. The top five cryptocurrencies with the highest growth rates are ULTI, KEYCAT, PENG, NUB, and RATS.

ULTI leads the pack with a remarkable growth rate of 56.34%. Following closely is KEYCAT, which has seen an increase of 33.89%. PENG is the third on the list, with a growth rate of 24.11%. NUB and RATS round out the top five, with increases of 20.11% and 20.04% respectively.

These figures highlight the volatile nature of the cryptocurrency market, where values can fluctuate dramatically in a short period. Investors are advised to keep a close eye on market trends and make informed decisions.

According to Odaily, MetaBit Capital has released a statement regarding a significant security breach. The private keys for the wallets used for IFCT user withdrawals of MBT have been leaked, resulting in approximately 750,000 MBT being dumped on the market. This has caused a substantial drop in the coin's value.

MetaBit Capital has announced that it will soon implement remedial measures and compensation plans to address this issue. The MetaBit Foundation will also introduce corresponding measures to help the coin's value return to normal as quickly as possible. The specific details of these measures and plans have not been disclosed yet.

The incident has raised concerns about the security measures in place at MetaBit Capital. The company has not yet commented on how the private keys were leaked or what steps it is taking to prevent a similar incident from happening in the future. The impact of this incident on the company's reputation and the trust of its users remains to be seen.

According to BlockBeats, Robert Kiyosaki, the author of 'Rich Dad Poor Dad', has revealed that he continues to invest in Bitcoin on a monthly basis. Kiyosaki made this revelation on social media, crediting Raoul Pal, the CEO of Real Vision, for initially encouraging him to invest in the cryptocurrency.

Years ago, Pal suggested that Kiyosaki should start investing in Bitcoin. Heeding this advice, Kiyosaki purchased 30 Bitcoins at a price of $6,000 each. Today, the same Bitcoin is valued at approximately $60,000. Despite the significant increase in price, Kiyosaki continues to buy Bitcoin every month. He described Bitcoin as a 'rule-based currency' in his social media post.

According to Foresight News, the Arbitrum Stable Treasury Endowment Program (STEP) committee has proposed an investment of 35 million ARB into Real World Assets (RWA). Specifically, the proposal includes an investment of 11 million ARB into BlackRock's BUIDL through Securitize, 6 million ARB each into Ondo USDY and Superstate USTB, and 4 million ARB each into Mountain USDM, OpenEden TBill, and Backed Finance blB01.

STEP has stated that the allocation scale is determined based on the assets under management (AUM) of each project. It also plans to invest 1% of the Arbitrum treasury funds into RWA annually. The STEP committee will publish the proposal on Snapshot on July 1.

According to Odaily, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has announced in an interview that a second batch of Bitcoin spot Exchange-Traded Funds (ETFs) is set to be approved. This follows the launch of the first batch of Bitcoin spot ETFs in January of this year. The upcoming approval is expected to take place this summer.

However, Gensler expressed his ongoing concerns about the numerous existing cryptocurrencies. He believes that the public has not received adequate disclosure about these projects, including information about insiders and potential conflicts of interest. Despite these concerns, Gensler stated that the SEC is still prepared to cooperate with those who wish to register.

Gensler reiterated his view that the cryptocurrency industry is fraught with dangers for investors. He described the sector as one riddled with scams and fraud, and suggested that this is more than just a coincidence. The SEC Chairman's comments highlight the regulatory challenges facing the rapidly evolving cryptocurrency market.