Holpop News

Japanese crypto exchange DMM Bitcoin reported that it was hacked for $305 million in BTC.

Specifically, $4502.9 BTC was stolen from the exchange.

The exchange has now restricted all spot purchases.

Bybit has confirmed rumors that it has removed several employees from their posts amid the failed launch of NOT.

On May 16, users experienced delays when depositing NOT on Bybit.

As a result, customers of the exchange were unable to sell their tokens.

The company was forced to pay out $23 million to 320000 users.

Tether has acquired $100 million worth of shares in miner Bitdeer with the option to further entrain the investment for another $50 million.
Bitdeer intends to use the proceeds to expand its data center and develop an ASIC miner.

The Securities and Exchange Commission (SEC) has required issuers of spot Ethereum ETFs to file Forms S-1 by Friday.
BlackRock and VanEck had previously submitted the forms.
The filing of the forms will allow the SEC to begin the first round of comments and edits. It is expected that it will take at least two rounds of filings before the forms are approved.

The S-1 approval will give the green light for the Ethereum ETF to begin trading on the exchange.

According to Reuters, Terraform Labs and Do Kwon have reached a tentative agreement with the Securities and Exchange Commission (SEC).

Terms of the deal are unknown.

In April, a jury found Kwon and Terraform Labs liable for fraud.

The district judge asked the SEC and the defendants to file papers to settle the case by June 12.

According to Bloomberg, Ilon Musk is advising Donald Trump on cryptocurrency policy.

They also stipulated Musk’s speech at the Republican convention.

According to Bloomberg, Babylon has raised $70 million in a new round of funding.

The round was led by Paradigm.
The startup itself has not yet confirmed this information.

Babylon is developing various infrastructure to increase the utilization of BTC.

Matter Labs (developer of the ZkSync blockchain) has filed trademark applications in nine countries, saying the term “zero-knowledge” is the company’s intellectual property.
Naturally, the crypto community reacted extremely negatively.

Polygon co-founders Sandeep Nailwal and Brendan Farmer, StarkWare CEO Eli Ben-Sasson, Polyhedra Network co-founder Tiancheng Xie, and Turing Award winner and ZK proof-of-stake co-author Shafi Goldwasser wrote a public letter calling on Matter Labs to stop acting in this manner.

According to TheBlock, Joe Biden’s campaign staff has begun collaborating with various players in the cryptocurrency industry to seek recommendations for the future development of the cryptocurrency community and digital asset policy.
Sources told The Block that the interactions began about two weeks ago.

The Worldcoin team met with Argentine President Javier Milieu.
During the meeting, the project team discussed the development of AI, how to prepare humanity for it and potential investments in Argentina.