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Michael Saylor sparks outrage: Is he turning Bitcoin into just another bank asset?

Share link:In this post: Michael Saylor has suggested that Bitcoin holders should trust “too big to fail” banks for custodianship instead of self-custody. Saylor has dismissed fears of government confiscation of Bitcoin as paranoia, labeling those concerned as “paranoid crypto-anarchists.” Many in the Bitcoin community criticized Saylor, with some claiming he is trying to transform Bitcoin into a mere investment asset rather than a currency.

Cryptopolitan·2024/10/22 07:51

BlackRock buys the Bitcoin dip, 2009’s whale cashes out

Share link:In this post: BTC dropped over 2% to around $67,000, unable to regain the $70,000 mark. Investment giant BlackRock bought 4,869 BTC (approx. $328 million) during the dip. Bitcoin spot ETFs recorded $294.29 million in inflows, with BlackRock’s IBIT ETF leading.

Cryptopolitan·2024/10/22 07:51

Sui Launches First SuiHub in Dubai to Empower Web3 Startups

Dubai’s SuiHub supports local entrepreneurs with funding, expertise, and events to build decentralized applications on Sui’s blockchain.

Cryptotimes·2024/10/22 07:51

Why is $GOAT different from other Memes? What is the potential market value in the future?

依始·2024/10/22 06:54

SushiSwap Unveils Roadmap: Route Processor Promises to “Swap Everything”

BeInCrypto·2024/10/22 05:21

The next "Sui opportunity"? After Fantom changed its name to Sonic, which opportunities are worth ambush?

"Fantom's user experience was the best in the last cycle, but the foundation seems to have no idea how to market it," said an old cryptocurrency expert. However, Fantom seems to have gradually come to its senses recently.

BlockBeats·2024/10/22 03:32

Ethereum could target $3,300 as buying pressure rises

Grafa·2024/10/22 03:30

Which chains are involved in Pump.fun?

Will each chain rushing to "pump.fun" be the "top signal" for meme coins?

Chaincatcher·2024/10/22 03:21

Top Bitcoin Layer 2 Projects & Coins in 2024: Revolutionizing Bitcoin with Smart Contracts and Faster Transactions

Cryptonewsland·2024/10/22 00:30

Breakout Of The Decade: Analyst Says ETFSwap (ETFS) Will Surpass Dogecoin (DOGE) And Shibu Inu’s (SHIB) 2021 Run Combined

Cryptonewsland·2024/10/22 00:30

Flash

10:54

Zama Founder: Actively Communicating with All Parties to Unfreeze the cUSDC Contract Expeditiously, Will Release Detailed Post-Mortem Analysis

BlockBeats News, May 30th, Zama Protocol founder Rand released a new statement regarding the freezing of the cUSDC contract incident. The root cause has been identified, and the incident is entirely unrelated to Zama itself or its privacy technology. Instead, it originated from the Overnight Finance hacker address depositing approximately $12.5 million USDC. At that time, the address was not flagged on any sanctions list and was not intercepted by KYT tools. However, last night, a US court issued a restraining order to freeze the hacker-associated wallet. Since over 99% of the funds inside the contract are from this hacker, the court directly demanded freezing the entire wrapper contract to lock the illicit funds. Zama emphasized that it has always upheld a "compliance with confidentiality" stance and will not tolerate any illegal activities. Currently, it is in communication with all parties to expedite the unfreezing process. Meanwhile, it has suspended the cUSDC, cUSDT, cWETH contracts for a thorough investigation and will release a detailed post-incident analysis and future plans for dealing with such court requests.

10:34

RWA outdoor ecological platform XZ Navigator officially launches on BNB Chain

ChainCatcher news: The RWA ecosystem platform XZ Navigator, which integrates outdoor experiences with digital assets, has officially launched on BNB Chain. According to reports, XZ Navigator is aimed at global outdoor enthusiasts and high-net-worth individuals, and is committed to tokenizing real-world resources such as offline cultural tourism IP, event rights, and outdoor camps through digital methods. Its core ecosystem mainly covers three sectors: global outdoor route IP, elite social circles, and RWA digital asset empowerment. According to the official statement, the platform's long-term goal is to build a global network covering 100 countries, 100 selected routes, and 1 million users. In addition, the XZ Token will serve as the core digital rights carrier within the ecosystem, supporting scenarios such as identity verification, event participation, rights transfer, community incentives, and ecosystem governance.

10:20

Zama Responds to Circle Freezing cUSDC Contract: Legal Team Engaged, Will Soon Restore Qualified Participants' Access

BlockBeats News, May 30th, Zama's official response to Circle's freezing of the cUSDC contract incident. Circle's compliance system flagged a wallet of an external depositor due to holding funds in the cUSDC contract, causing the entire contract to be automatically swept into a standard holding freeze. This was only an incidental damage and not a sanction against the Zama Protocol. Zama's legal team has intervened, isolating the flagged address and will restore access for all unaffected participants as soon as possible.

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