Crypto Weekly Roundup: Méliuz Commits To Bitcoin, Coinbase Faces Hack Threat, & More
The past week was significant as Bitcoin surged past $103,000. while Abu Dhabis Mubadala and Jack Mallers Twenty One Capital made major Bitcoin acquisitions. Ethereum launched a new security initiative, DeFi tools continued evolving, and JPMorgan executed its first transaction on a public blockchain. Lets find out more.
Bitcoin
Brazilian fintech firm Méliuz has announced that it has become the countrys first Bitcoin treasury company, by acquiring $28.4 million in Bitcoin as part of a long-term corporate strategy to integrate the cryptocurrency into its financial operations.
The US Consumer Price Index (CPI) rose 2.3% in April, which is less than the predicted 2.4% that economists had forecast. Bitcoin (BTC) climbed back above $103,000 and is continuing to accumulate above $100,000.
Ethereum
The Ethereum Foundation has introduced a new security-focused initiative, dubbed the Trillion Dollar Security (1TS), aimed at significantly enhancing the blockchains resilience and reliability.
DeFi
DeFi hooks are helping reduce front-running, minimize slippage, and dynamically adjust swap fees to better handle volatile market conditions.
Technology
JPMorgan Chase has carried out its first transaction on a public blockchain, marking a milestone in its ongoing efforts to integrate traditional finance with digital asset infrastructure.
Business
Abu Dhabis sovereign wealth fund, Mubadala Investment Company, has significantly increased its exposure to Bitcoin, committing over $408 million through BlackRocks iShares Bitcoin Trust (IBIT).
In a major statement of intent, Jack Mallers Twenty One Capital has acquired 4,812 Bitcoins worth approximately $458.7 million.
FalconX, a leading digital assets prime brokerage, has announced a strategic partnership with Standard Chartered aimed at enhancing digital asset services for institutional investors across key global markets.
Pump.fun, the leading Solana-based memecoin launchpad, has unveiled a significant update to its platform, introducing a 50% revenue-sharing model for token creators.
Web3
Space and Time (SxT) has achieved sub-second proofs for its Proof of SQL product, advancing its vision of a fast, interconnected Web3 powered by zero-knowledge coprocessors.
P2P.org joins the IOTA network as a Genesis Validator for the recently launched IOTA Rebased mainnet to provide enhanced security to the network and increase institutional staking participation.
AI is now supercharging spatial computing, fusing physical and virtual worlds in real time through technologies like AR, VR, and MR, with the market projected to reach \$280 billion by 2028.
The world of finance has been witnessing a quiet revolution as tokenized real-world assets (RWAs) have made their way onto the blockchain, taking a once-niche experiment to the heights of a burgeoning movement capable of attracting major banks, asset managers, and fintech innovators.
Tezoss L2 offering Etherlink has been enjoying a DeFi growth spurt of epic proportions, thanks, in large part, to a cleverly gamified incentive program called Apple Farm.
Security
Coinbase has revealed a recent cyberattack where hackers bribed the platforms overseas support agents to steal confidential data and use it in social engineering attacks.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
Text source: Crypto Daily™
