Techub News reports, according to CoinDesk, that the decentralized exchange infrastructure company 0x has announced the acquisition of its competitor Flood. This acquisition is 0x's first since its establishment in 2017, and the specific acquisition amount has not been disclosed.
Techub News: Binance announces the introduction of the Alpha Points consumption mechanism, allowing users to choose whether to consume Binance Alpha Points to participate in exclusive TGE or receive Alpha airdrops. Binance Alpha Points operate on a 15-day cycle. Each Alpha Point will automatically expire 15 days after the snapshot date.
Techub News report, former Forbes reporter Eleanor Terrett tweeted that the U.S. Senate has received a bipartisan amendment text regarding the GENIUS Act. According to two informed sources, the amendment includes new changes in consumer protection, bankruptcy, and ethics.
On May 15, Federal Reserve Chairman Powell spoke at the Thomas Laubach research conference, clearly stating that the Fed is reevaluating its monetary policy framework to respond to the "significant changes in the economic environment" after the pandemic. Although this review will not immediately change the current interest rate policy, it sends a strong signal: high "real interest rates" may become the new normal.
Rising real interest rates, can the old framework be sustained?
Powell pointed out that since the Fed implemented the "average inflation targeting" in 2020, the global economy has undergone profound changes. The pandemic, supply chain restructuring, changes in the labor market, and geopolitical risks, combined with persistent inflation, have led to continuously rising real interest rates.
Techub News reports, according to CoinDesk, two leaked agreements show that Movement Labs signed memorandums with two advisors, promising to grant them up to 10% of the MOVE token supply. These agreements were not disclosed to investors or the public, and one of the advisors, internally referred to as the 'shadow co-founder,' is currently seeking legal avenues to claim tokens worth over 50 million dollars. Movement Labs stated that these agreements are non-binding.
Techub News reports that, according to Arkham monitoring, an address starting with bc1qc withdrew 1,043 bitcoins from Binance 10 minutes ago, worth approximately 106.6 million dollars. Along with the 2,218 bitcoins withdrawn from Binance and Kraken in the past 5 hours, this address has withdrawn a total of 3,261 bitcoins from CEX today, worth approximately 333 million dollars.
Techub News: The Zunami Protocol has been hacked, with collateral for zunUSD and zunETH stolen. The team is investigating the situation.
Additionally, according to monitoring by Peckshield, the Zunami Protocol currently faces a loss of approximately $500,000, and the attackers have transferred the stolen funds to Tornado Cash.
Techub News reports, according to Decrypt, that the blockchain forensics company AMLBot has released a report stating that due to delays in Tether's blacklisting of addresses involved in criminal activities, malicious actors have stolen over 78 million dollars on Ethereum and Tron since 2017.
Techub News: Synthetix announces the launch of a daily maximum buyback program of $1 million for sUSD to address the recent decoupling of the sUSD price. Synthetix stated that the buyback will be conducted through on-chain trading rather than over-the-counter trading.
Techub News reported that according to Lookonchain monitoring, the address starting with bc1qc withdrew 2,218 bitcoins from Binance and Kraken in the past 3 hours, worth about 226.75 million dollars.
Techub News: Cryptocurrency investment firm GSR announces an equity investment in Maverix Securities, a structural investment solutions innovation company based in Switzerland. This investment aims to support the launch of compliant digital asset structured products.
Techub News: Ondo Finance announces that its Ondo Short-Term U.S. Government Bonds (OUSG) and PayPal USD (PYUSD) instant exchange is now live, supporting 24/7 service.
Techub News reports that according to Onchain Lens monitoring, addresses starting with 0x8ff withdrew 58.11 billion PEPE from Binance in the past 30 minutes, worth approximately 7.94 million dollars.
Techub News: Cryptocurrency market maker Wintermute has announced the opening of an office in New York and has appointed Ron Hammond, an executive from the Blockchain Association, as the Director of Policy and Advocacy.