Japanese Crypto Exchange DMM Bitcoin to Shut Down Operations

Japanese cryptocurrency exchange DMM Bitcoin will cease operations by March 2025 following a hack that resulted in losses exceeding $300 million. This decision follows months of recovery efforts that ultimately failed to restore the platform’s viability. DMM Bitcoin to Transfer All Assets to SBI VC Trade According to a report from Nikkei Asia, the exchange…

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Cardano DeFi TVL nears record $700M, ADA skyrockets 20%

Cardano’s DeFi ecosystem is hitting new heights, with its total value locked (TVL) nearing an all-time high of $700 million. DeFillama data shows that the blockchain network is riding the current bullish market sentiment by adding over $400 million to reach $680 million as of press time. This number marks a massive turnaround for the…

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US Rep French Hill Reveals Plan To Investigate Operation Chokepoint 2.0

US Representative French Hill has outlined a plan to thoroughly investigate Operation Chokepoint 2.0, a campaign allegedly targeting industries like digital assets. Hill emphasizes regulatory fairness, transparency, and proportionate oversight, seeking to reverse politically motivated debanking practices under the current administration. French Hill Vows To Investigate Operation Chokepoint 2.0 Debanking Practices Rep. French Hill has…

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Polymarket Retains Loyal User Base a Month After Election, Data Shows

During the dog days of summer, Polymarket’s election betting surged on (correct) speculation that the Democrats would make a “hot swap” of Joe Biden for Kamala Harris as their presidential candidate. Trading volume grew and grew through the fall. All along, <a href=”https://www.coindesk.com/business/2024/08/29/can-prediction-market-boom-continue-after-election-this-crypto-team-has-a-plan” target=”_blank”>doubts lingered</a> about whether the platform’s trader base would hold steady after…

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