The Block Letter – Apr 23
It has been a busy day in terms of news, so let us catch you up on the latest and...
BlackRock Fund Tokenization Sparks Surge in Hedera Token Despite Clarification Issues
BlackRock’s money market fund was tokenized on the Hedera blockchain, leading to a 96% rise in HBAR token value. Despite...
Dogecoin’s Community Might Shield It From Obscurity Despite Analysts’ Doubts on $1 Target
Dogecoin's vibrant community could help it remain relevant despite new memecoins, although reaching $1 is uncertain. Analysts point to a...
North Korean Hacker Group Lazarus Uses LinkedIn to Steal Crypto Assets
Lazarus Group uses LinkedIn to impersonate recruiters and deploy malware targeting crypto industry professionals. Since 2009, Lazarus has stolen over...
Fireblocks Enhances Security Tools to Boost Institutional Investment in DeFi
Fireblocks reports a 75% increase in institutional DeFi trading, reaching $4.5 billion in early 2024 despite security concerns. New Fireblocks...
RFK Jr. Proposes U.S. Budget Transparency via Blockchain Technology
Robert F. Kennedy Jr. proposes to make the entire U.S. budget visible on blockchain for transparency and accountability. Kennedy’s blockchain...
EigenLayer Faces Potential Yield Crisis Amid Surging Total Value Locked
EigenLayer, a leading restaking protocol on Ethereum, risks major yield reductions due to disproportionate security needs. Despite having over $15...
Woo X Introduces Tokenized US Treasury Bills Offering Attractive Yields for Crypto Investors
Woo X launches RWA Earn Vaults, allowing users to earn yields on USDC holdings backed by U.S. Treasury Bills. Offering...
Cryptocurrency Market Surges with Bitcoin and Ether Leading the Rally
Overall cryptocurrency market capitalization increased by 2.65% today, reaching $2.38 trillion. Bitcoin and Ether prices climbed by 2.40% and 2.80%,...
Mt. Gox Creditors See Progress in Repayment Updates for Lost Cryptocurrency
Mt. Gox creditors notice updates in their claims accounts, signaling potential cryptocurrency repayments. Creditors have begun receiving fiat repayments, with...
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