News - Optimisus

3 weeks ago 0 mins read

Over $21M in Solana locked on Lido’s DeFi, affecting thousands

Lido, a large DeFi platform, has shut down its Solana services owing to a technical issue, rendering over $21 million in Solana inaccessible to users. This issue has raised concerns and complaints among the DeFi community, as the platform’s Solana services have been disabled for over 31,585 users. Despite the platform’s entire ecosystem worth more than $31 billion, its Solana services have fallen behind rivals, resulting in the closure. The closure of Solana operations locked up 112,923.29 SOL, worth around $21 million. Lido acknowledged the decision as tough but important for the development of its larger ecology.

The US government has sent 30,175 bitcoins worth around $2 billion to a Coinbase-linked wallet, the largest transaction since a prior

3 weeks ago 0 mins read

US government shifts $2B in Bitcoin to Coinbase, sparking slight market dip

The US government has sent 30,175 bitcoins worth around $2 billion to a Coinbase-linked wallet, the largest transaction since a prior auction over a year ago. The decision follows Argentina’s new crypto registration requirements, which elicited mixed reactions from the Bitcoin community. Figure Markets, a bitcoin exchange, is attempting to democratize financial services. Coinbase has expressed concern about potential risks in the Ethereum restaking market. In March 2023, the government offloaded 9,861 bitcoins worth $216 million that had been seized from the Silk Road website. This shift matches a larger trend in the CoinDesk 20 Index, indicating the market’s sensitivity

3 weeks ago 1 min read

TRON challenges US SEC, citing global ICO and vague digital asset regulations

TRON, its creator Justin Sun, and Rainberry are now engaged in a legal dispute with the US Securities and Exchange Commission (SEC) about accusations of unlawfully selling unregistered securities during their 2017 TRX token Initial Coin Offering (ICO). They contend that the claims made by the SEC are unsupported and assert that their digital assets were marketed internationally, therefore casting doubt on the SEC’s worldwide jurisdiction. The action originated in March 2023, when the Securities and Exchange Commission (SEC) alleged that TRON and Sun engaged in the unlawful sale of unregistered securities via their 2017 TRX token Initial Coin Offering

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins

3 weeks ago 1 min read

Tether buys 8,889 BTC, boosting its reserves to 75,354 BTC, now worth $5.26B

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins, which are now worth at $627 million. This acquisition has resulted in a total reserve of 75,354 BTC for Tether. The initiative started in September 2022 with the objective of expanding Tether’s portfolio to include assets other than conventional ones such as cash and Treasury bonds. CEO Paolo Ardoino clarifies that Tether is allocating a portion of its income, up to 15%, from stablecoin reserves to invest in Bitcoin. This decision is based on Bitcoin’s scarcity and widespread use. The implementation of this strategic maneuver has led to

Bitcoin's volatility has exceeded that of Ether

3 weeks ago 1 min read

Bitcoin volatility hits 60%, outpacing Ether as the halving event draws near

Bitcoin’s volatility has exceeded that of Ether, hitting over 60% in the 30-day annualized historical volatility. This is a result of the influx of investments into Bitcoin exchange-traded funds (ETFs) and the expectation around Bitcoin’s upcoming halving event. Bitcoin, often seen as a reliable digital money, has encountered unforeseen volatility, which has posed a challenge to its function as a stabilizing force in the market. The approval of several Bitcoin ETFs by the SEC has led to heightened volatility, in contrast to the Ether market’s lack of excitement about the approval of an ETH ETF. The volatility of Bitcoin is

4 weeks ago 1 min read

Solana (SOL) has had a 6.25% surge in value over the last three days

The native crypto of Solana, SOL, has had a 6.25% surge in value over the last three days, rising from about $180 to beyond $210. Although it has not surpassed its previous low of $162.74, the cryptocurrency, which is presently ranked 5th in the crypto market and has a total supply of 441 million, along with a market value over $88 billion, continues to demonstrate relentless momentum. The price is presently above the 100-day moving average on the 4-hour chart of the SOL/USD pair. If the price maintains its upward trajectory, there is a possibility that it may surpass its

The price of Litecoin (LTC) has surged by 12% during the last 24 hours

4 weeks ago 1 min read

Litecoin (LTC) surges by 14% during the last 24 hours, hitting $107

Litecoin (LTC), sometimes referred to as the “silver” counterpart to Bitcoin’s “gold,” has seen a notable upswing in recent weeks. This spike may be attributed to several causes, including technical aspects, heightened investor enthusiasm, and deliberate stockpiling by miners. The price of LTC has surged by 12% during the last 24 hours, hitting $106.40, after seeing a year-to-date rise of 40%. The daily trading volume has seen a remarkable surge of 175%, suggesting a substantial increase in the number of investors participating in the Litecoin market. Analysts are enthusiastic about the possibility of a significant upward movement after a prolonged

4 weeks ago 1 min read

Solana (SOL) Meme Coins Leading The Rally

The launch of meme coins based on Solana in 2024 has seen several very promising launches, many of which have experienced returns above 1,000%. The most recent launch, $SLOTH token, became available on March 26 without a presale, providing investors with an opportunity to become early investors and achieve the greatest profits. The platform employs a similar strategy as prior meme currencies based on Solana, such as SLERF, BEFE, BOME, and $SLOTH, offering a smooth introduction and significant potential for profit. Slothana participated in the presale during the last week of March, 25 days before the Bitcoin halving event. This

4 weeks ago 1 min read

US, UK probe Garantex’s $20B in crypto, eyeing sanctions evasion

The United States and United Kingdom are conducting investigations into crypto transactions totaling over $20 billion that are connected to the Russian exchange Garantex. This underscores the worldwide difficulty of implementing sanctions in light of the ongoing conflict in Ukraine. The inquiry focuses on Tether (USDT) transactions conducted via Garantex, a company that was subjected to sanctions in 2022. The investigation is prompted by suspicions that Garantex may have facilitated illegal financial activity in Russia. Russia has successfully evaded financial sanctions via the use of cryptocurrencies such as Tether, despite the global community’s attempts to prevent this. This situation underscores

KuCoin crypto exchange has initiated a $10 million airdrop campaign for its customers amidst legal issues

4 weeks ago 1 min read

KuCoin announces $10M airdrop to users amidst facing serious legal charges

KuCoin crypto exchange has initiated a $10 million airdrop campaign for its customers amidst legal issues related to suspected illicit activities and money laundering. The U.S. Department of Justice accused the exchange and its owners, Chun Gan and Ke Tang, of engaging in an unlicensed money transfer company and breaching laws related to preventing money laundering. The Commodity Futures Trading Commission (CFTC) has accused KuCoin of engaging in unlawful commodity trades. Notwithstanding these difficulties, KuCoin guarantees its consumers that the exchange will continue in its operations and their funds are safeguarded. This action is a component of the wider storyline

4 weeks ago 1 min read

FTX founder Sam Bankman-Fried sentenced to 25 years

Sam Bankman-Fried or SBF, the ex-CEO of FTX, has received a 25-year jail term for his involvement in the downfall of the crypto exchange. Judge Lewis Kaplan rebuked the defense’s claims, highlighting Bankman-Fried’s obstruction of justice and interfering with witnesses as crucial elements in determining his punishment. Bankman-Fried acknowledged remorse for his “selfish” choices and said that his errors continue to trouble him on a daily basis. The defense attorneys had petitioned for a reduced term of 6½ years, however, Judge Kaplan favored the prosecution’ stance and opted for a more severe punishment. The victims’ testimonials exposed profound financial and

4 weeks ago 1 min read

This Bitcoin whale moves $6 billion in BTC

A Bitcoin whale has transferred more than $6 billion worth of BTC to three newly created addresses, arousing interest among the crypto community. The transaction, first reported by the blockchain research site Arkham Intelligence, consisted of $5.03 billion worth of BTC being sent to one address (bc1q8yj), followed by $561.46 million and $488.40 million for the other two addresses (bc1q6m5 and bc1q592). The wallet responsible for transferring the $6 billion worth of BTC was ranked as the sixth wealthiest Bitcoin address, with over 94,500 BTC. The transaction did not involve exchanging funds between wallets that are connected to each other,