DYDX surges 10% with buybacks accounting for a quarter of protocol revenue

The decentralized exchange platform dYdX has experienced a significant 10% increase in its token value following the announcement that a quarter of the protocol’s revenue will be used for buybacks. This strategic move aims to provide additional incentives for token holders and investors, leading to a surge in demand and consequently driving up the price [...]

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be [...]

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Crypto Flipsider News – Bitcoin Slumps, Investors Remain Bullish, Polygon Buys Predictable Labs, WhatsApp Pilots Novi Wallet, Coinbase Launches DeFi Yield, DDoS Attacks on Solana, Microsoft Backs Palm NFT

Read Friday's breaking news in the daily digest.

Continue reading Crypto Flipsider News – Bitcoin Slumps, Investors Remain Bullish, Polygon Buys Predictable Labs, WhatsApp Pilots Novi Wallet, Coinbase Launches DeFi Yield, DDoS Attacks on Solana, Microsoft Backs Palm NFT at DailyCoin.com.

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Nexo Finance Is Giving 100 Million Dollars Back To Its Community

Crypto savings company Nexo Finance announces massive buyback program We are launching a record $100M Buyback program as part of #Nexonomics! $100M worth of $NEXO Tokens will be repurchased and dedicated to strategic investments and other activities to ensure the stability and growth potential of our native token.https://t.co/2Y08mxIow0 — Nexo (@NexoFinance) November 15, 2021 Nexo Finance […]

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Feds Waller Backs Holding Off on Rate Cuts as Inflation Unfolds

As inflation surges and the economy rebounds, Federal Reserve Board Governor Christopher Waller has expressed his support for pausing rate cuts to allow the situation to stabilize. Waller emphasized the importance of closely monitoring inflation data and its effects on the economy before making any decisions on interest rates. Waller’s remarks come amidst rising concerns [...]

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Research Shows Jupiter Buybacks Set to Exceed $100 Million Annually

Jupiter’s Annual Buybacks Exceed $100 Million, Reveals New Study A recent analysis has unveiled that Jupiter, a leading technology company, has been conducting buybacks amounting to over $100 million each year. This proactive approach to purchasing its own shares is seen as a strategic move to increase shareholder value and demonstrate confidence in the company’s [...]

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the [...]

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Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July

As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by mid-July. Even though bitcoin lingered just above $30,000 on Monday, its valuation on Binance [...]

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Maple Finance mulls token buybacks

The DeFi protocol is proposing using 20% of revenues for monthly buybacks to boost benefits for stakers.

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OKX just sent $60M in USDT, MASK token to Alameda Research

On May 9, crypto exchange OKX sent approximately $60 million worth of digital assets to wallets connected to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence. Screenshot showing transfers from OKX to Alameda Research wallets. Source: Arkham Intelligence The funds were spread out among 16 separate transactions and included [...]

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