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Wu Blockchain· 2025-11-24 04:42
The Korea Financial Intelligence Unit (FIU) is expected to impose institutional and personal penalties on Korbit, Gopax, Bithumb, and Coinone in sequence, following Dunamu. Industry insiders expect the violations to be similar across exchanges, with penalties comparable to Dunamu’s, and most measures likely to be completed by the first half of next year. Previously, FIU fined Dunamu, the operator of Upbit, 35.2 billion KRW (about $24.35 million). https://t.co/ZpCBalQXVb ...
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Wu Blockchain· 2025-11-24 03:44
From November 17 to November 21(ET), Bitcoin spot ETFs saw a net outflow of $1.22 billion for the week, marking the fourth consecutive week of outflows. Ethereum spot ETFs had a net outflow of $500 million for the week, continuing three weeks of outflows. SOL spot ETFs experienced a net inflow of $128 million for the week, maintaining four consecutive weeks of inflows.https://t.co/LRUeJvGjtU ...
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Wu Blockchain· 2025-11-24 02:59
According to Coingecko, in the next 7 days there will be one-time large token unlocks (amounts over $5 million) for HYPE, XPL, JUP, KMNO, OP, ZORA, H, and SAHARA. Meanwhile, linear large token unlocks (daily unlocks over $1 million) are scheduled for SOL, TRUMP, WLD, DOGE, ASTER, AVAX, TAO, ZEC, and ETHFI, with the total unlocked value exceeding $566 million.https://t.co/F80vrafICh ...
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Wu Blockchain· 2025-11-24 00:27
According to Reuters, the Department of Government Efficiency (DOGE) established by U.S. President Donald Trump has been disbanded ahead of schedule, with eight months remaining before its original mandate expired. Office of Personnel Management Director Scott Kupor said in an interview that “it doesn’t exist,” adding that the agency is no longer a “centralized entity.” This marks the first public confirmation from the Trump administration that DOGE has ended.https://t.co/3etYJbe7VD ...
X @Wu Blockchain
Wu Blockchain· 2025-11-23 20:06
Vitalik Buterin: FTX is a counterexample opposed to Ethereum's principles.On November 17 at Devconnect ARG, Ethereum co-founder Vitalik Buterin used FTX as an example to illustrate the core difference between centralized "companies" and decentralized "communities." FTX relied on blind trust and collapsed; Ethereum replaces such trust with a system where anyone can verify. It shifts the model from "I build for you" to "we build together," serving no single entity but acting as a credibly neutral global netwo ...
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Wu Blockchain· 2025-11-23 14:00
Tom Lee: Stablecoin Flash Crash Triggered Cascading Liquidations, Sending Bitcoin Into a Tailspin After October 10In a CNBC interview on November 21, Bitmine Chairman Tom Lee addressed the key question of "what exactly happened on October 10". He explained that a stablecoin on one exchange suddenly dropped to $0.65 due to an internal pricing issue, triggering the ADL auto-deleveraging mechanism and causing cascading liquidations that forced millions of accounts to close within minutes. Lee noted that the in ...
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Wu Blockchain· 2025-11-23 12:16
Asia’s weekly TOP10 crypto news (Nov 17 to Nov 23): South Korean exchanges face revenue squeeze; Japan approves $135B stimulus and plans crypto tax reforms; India to launch rupee-pegged ARC asset; Malaysia loses $1.1B to miner power theft; Russia uses crypto laundering for espionage; U.S. probes Bitmain’s national-security risks and More https://t.co/4QCDYhJ0bt ...
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Wu Blockchain· 2025-11-23 08:04
BlackRock’s digital assets head Robbie Mitchnick said Bitcoin investors aren’t betting on it becoming a global payment network, calling that scenario “out-of-the-money optionality,” while the core thesis remains digital gold and store of value. He added that Bitcoin would need major progress in scaling and Lightning to compete in payments, whereas stablecoins have already seen “huge success” and are expanding from crypto trading and DeFi into retail remittances, corporate cross-border payments, and capital- ...
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Wu Blockchain· 2025-11-23 07:38
Solana community has introduced proposal SIMD-0411, which would double the inflation decrement rate from –15% to –30%. This change would accelerate SOL inflation from the current 4.18% down to the long-term 1.5% target by early 2029 instead of 2032 — roughly 3.1 years instead of 6.2. The adjustment would cut projected issuance by about 22.3 million SOL (≈$2.9B) over six years, reducing staking yield pressure and increasing holder retention. The proposal is simple, predictable, and now under governance discu ...
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Wu Blockchain· 2025-11-23 07:12
Ethereum Foundation announced that Devcon 8 will be held in Mumbai, India in Q4 2026. Officials highlighted India’s leadership in crypto adoption, noting it onboarded the most new crypto developers globally in 2024 and has one of the fastest-growing developer populations. The local ecosystem is also driven by projects such as EthMumbai, Devfolio, and Polygon.https://t.co/NPepTZEM3q ...