The tokens are part of the Reddit Community Points initiative to create cryptocurrencies that would incentivize content creation.
Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC.
A crypto wallet suspected to be tied to the exploit shows it gained over $1 million in SOL and UDSC since the attack.
Man loses $10M after Chinese court rules Bitcoin lending is not protected by law, loads of Web3 founders get arrested, and Huobi rumors swirl.
Solana bucked the trend, with its $9.5 million in inflows taking the top spot over the past week.
Bitcoin’s failure to rebound off strong support may open further downside as bears may be tempted to sell.
According to CoinGecko, nearly $85 billion worth of crypto falls under the category of “alleged SEC securities.”
Users attempting to access Spark Protocol with a virtual private network will not be able to, sparking criticism from supporters of privacy.
Bitcoin remains stuck in a tight range, but select altcoins such as SHIB, UNI, OKB and HBAR are attracting buyers.