Minnesota Governor Tim Walz has previously advocated for more stringent crypto regulations to ensure the stability of the legacy financial system.
If the exploit occurred due to a white hat hacker, the funds could soon be returned to the blockchain.
Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off.
The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022.
A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?
The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm.
Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time.
Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows.
Jump Trading significantly contributed to the crypto market sell-off and it could be looking to sell another $104 million worth of wstETH.
Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs.