Tag: Breaking

Phantom Wallet suffered a major backend service outage over the weekend, leading to degraded performance for token transfers and swaps. The disruption led to widespread user reports of incorrect zero-balance displays and failed transactions on mobile and browser extensions. The wallet provider fully resolved the authentication issues after more than five hours, confirming that all user funds remained completely safe. Phantom, the premier...

An opinion piece in the official newspaper of China’s Supreme People’s Procuratorate proposes that courts should presume criminal intent when suspects utilize crypto mixers or privacy coins. The authors recommend establishing a national-level platform to custody and liquidate seized digital assets through compliant auctions, navigating China’s domestic crypto ban. The legal framework seeks to standardize blockchain...

Strategy Inc. raised $467 million last week through its at-the-market equity program, choosing to boost cash rather than buy cryptocurrency. The company’s U.S. dollar reserve reached a record $3 billion, providing a liquid buffer to cover fixed corporate obligations and preferred stock dividends. Its core treasury remains at 843,775 BTC, making this the third consecutive week without additional Bitcoin acquisitions. Corporate treasury...

Robinhood Chain brought in roughly $3.1 billion in cumulative decentralized exchange volume during its first seven days following its July 1 launch. The early speculative frenzy was heavily fueled by meme coin trading, with more than 16,000 new tokens hitting the network in a single day. BitMine Chairman Tom Lee noted that the platform’s reliance on ETH as its native gas token underscores Ethereum’s growing central role in the...

Explosive Volume Milestones: Robinhood Chain recorded over $375 million in 24-hour decentralized exchange volume, briefly outperforming Hyperliquid L1 and securing a top-five network position. Speculative Token Frenzy: Despite its real-world asset branding, the network’s initial traction is dominated by memecoins, led by Cash Cat at a $165 million market capitalization. Rapid Capital Deployment: Total value locked on the Arbitrum-based Layer...