3x More BTC Millionaires, $4B USDT Minted
Hackers Hit a Bitcoin ATM Company and a Whale Wallet, THORChain in Top 3 DEXs
Welcome to Coinfeeds Daily Digest! Today we’re covering ever more successful outcomes for crypto investors as the number of Bitcoin millionaires triples in 2023, the stories of Tether minting $4 billion in USDT in just 4 weeks, THORChain becoming the 3rd largest DEX as its token RUNE jumps 50%. We also cover two stories of hacking, where a Binance-linked crypto wallet lost $27 million in stablecoins, and a bankrupt Bitcoin ATM company Coin Cloud was compromised. In other news, Uniswap's front-end fees exceeded $1 million within a month, and Cardano founder Charles Hoskinson has shown interest in helping Kraken build its new layer-2 chain.
Market Update
News
Number of Bitcoin Millionaires Triples in 2023 Amid Surging Prices and ETF Anticipation
Reports indicate that there are now over 60,000 Bitcoin millionaires, a figure that has tripled since the start of the year. This surge in wealth can be largely attributed to the significant rise in the value of Bitcoin, which has recently soared to $37,000. | Read More
Tether Ramps Up USDT Minting, Sparks Crypto Community Speculation
In the past month, Tether, a leading stablecoin issuer, has significantly ramped up its minting of USDT tokens. A total of 4 billion USDT has been issued, with transactions taking place on both the Tron and Ethereum blockchains. | Read More
THORChain Emerges as Third-Largest DEX by Trading Volume
THORChain, a native asset settlement protocol, has made significant strides in the decentralized exchange (DEX) market, recently becoming the third-largest by trading volume. This remarkable growth is largely attributed to the allure of its native token, RUNE, which has seen a staggering 50% surge in value within just a week. | Read More
Binance-linked Crypto Wallet Hacked: $27 Million Stolen in Sophisticated Heist
An estimated $27 million in Tether stablecoins (USDT) was stolen from a wallet associated with Binance. The event was analyzed by a crypto sleuth ZachXBT who discussed the process the hackers most likely followed. | Read More
Hackers Claim They’ve Hit Bankrupt Bitcoin ATM Company Coin Cloud
A group of hackers has reportedly breached the security of the now-bankrupt Bitcoin ATM firm, Coin Cloud. The compromised data is said to contain highly sensitive personal information (PII), such as Social Security Numbers, which could potentially lead to identity theft and financial fraud. | Read More
Uniswap's New Fee Structure Generates Over $1 Million Revenue
Uniswap Labs has recently hit a significant financial milestone — seeing its cumulative front-end fees surpass the $1 million mark. The new fee, set at 0.15%, is charged for transactions made using Uniswap's web interface and wallet app. | Read More
Cardano and Kraken Explore Potential Collaboration for Layer-2 Blockchain Network
Charles Hoskinson, the founder of Cardano, has expressed a keen interest in working with the Kraken exchange to develop a layer-2 blockchain network. This partnership could mark a significant step forward in addressing the scalability challenges that the cryptocurrency industry currently faces. | Read More
Hong Kong's Immigration Investment Scheme Embraces Bitcoin for Family Offices
In a bold move to attract global wealth, Hong Kong is revamping its Immigration Investment Scheme with an eye on the burgeoning cryptocurrency market. The scheme, primarily targeting family offices, is considering the inclusion of Bitcoin as a qualifying financial product. | Read More