SEC Takes A "New Look" At Bitcoin ETFs
Bitcoin Transactions Now Possible Via Text, Safemoon Files For Bankruptcy, Large-scale ConnectKit Breach
Welcome to Coinfeeds Daily Digest! Sales of the recently released crypto-enabled Solana phone are surging as the memecoin (BONK, Dogecoin) craze continues in the community; a trader reportedly turned $1K into $100K with a new memecoin Dogwifhat. Ledger ConnectKit, an important library on the space used by projects like SushiSwap, Kyber, and RevokeCash, has been breached, with around $484K stolen and the wider DeFi ecosystem deeply impacted. In other news, Chainlink launched its data feeds on Polygon's zkEVM for scalability and security, SafeMoon filed for Chapter 7 bankruptcy, and River Financial unveiled River Link — a highly unique service enabling users to send Bitcoin via text or email.
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Gary Gensler: SEC Is Taking A "New Look" At Bitcoin ETFs
Recent developments suggest that the SEC is re-evaluating its stance on spot Bitcoin ETFs, a move that could have significant implications for the crypto market. SEC Chair Gary Gensler has indicated that the Commission is taking a "new look" at these financial products, which could signal a shift in regulatory approach. | Read More
Massive Ledger ConnectKit Breach Hits DeFi
A security flaw in the Ledger ConnectKit library has led to the compromise of multiple dapps, putting user assets at risk. The vulnerability has allowed attackers to inject malicious code into dapps. Affected platforms include well-known names such as SushiSwap, Kyber, RevokeCash, and Zapper. | Read More
River Link Launched, Enabling To Send Bitcoin via Text
A new service has emerged that promises to make Bitcoin transactions as simple as sending a text message. The service, known as River Link, is a groundbreaking feature that allows users to send Bitcoin globally using just their mobile phones and various messaging applications. | Read More
SafeMoon Files For Bankruptcy, Token Crashes By Over 50%
SafeMoon's token price plummeted by over 50% following the company's filing for Chapter 7 bankruptcy. This severe drop is attributed to the legal troubles that have ensnared the company's top executives. The DOJ’s arrest of their CEO and CTO for defrauding customers has led to a rapid sell-off of the cryptocurrency. | Read More
Solana Phone Sales Surge, Boosted By BONK Token Craze
The recent frenzy in the market has taken a surprising turn with the sudden popularity of the Solana phone, a blockchain-integrated mobile device. The surge in demand is primarily driven by BONK, reminiscent of the well-known Dogecoin. BONK has seen a dramatic increase in value, rising over 1,100% in the past month. | Read More
Chainlink's Data Feeds Now On Polygon zkEVM for DeFi Growth
Chainlink Data Feeds, renowned for their reliability and security, are now live on Polygon zkEVM. This integration equips developers with the tools needed to create sophisticated DeFi applications such as liquidity protocols and decentralized exchanges. | Read More