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Hacker returns 17 million OP tokens

Quick Take The Wintermute exploiter has returned 17 million OP tokens to the Optimism contract address. One million OP tokens remain with the hacker as of press time. The exploiter who stole 20 million Optimism (OP) tokens from crypto market maker Wintermute has returned 17 million of those coins to the Optimism contract address. Data from Etherscan show 17 transfers of 1 million OP tokens each beginning at 12:09 PM UTC with the final transaction happening at 12: 31 PM …

Blockchain.com to offer ‘.blockchain’ domain names to users

Crypto exchange and wallet provider Blockchain.com will begin offering “.blockchain” domain names to users powered by Unstoppable Domains, the company said on Friday. According to the announcement, all 82 million registered Blockchain.com users will be able to obtain a free .blockchain domain from the company’s wallet service. These domain names will give users the ability to transact in crypto using human-readable addresses rather than the default long-string alphanumeric wallet addresses. Human-readable addresses are similar to social media logins and make …

How extreme Texas weather impacts the bitcoin mining industry

When most people consider what it takes to run a successful bitcoin mining operation, the price of the digital asset or the availability of so-called mining rigs come to mind.  Weather also matters.  In a recent episode of The Scoop, Marathon CEO Fred Thiel talked through the logistics of Marathon’s new West Texas plant, including how extreme weather conditions affect miner productivity. As Thiel explains, temperature extremes in both directions have a direct impact on the energy demanded from the …

Optimism exploiter claims willingness to return 18 million OP tokens

Quick Take On Friday morning, the Optimism hacker sent an on-chain message showing willingness to repay the exploited funds. After a few hours, the hacker returned 17 million OP tokens back to Optimism.   Update (8:50 AM ET): The hacker has returned 17 million OP tokens to the Optimism Foundation in multiple onchain transactions, security firm PeckShield said. Optimism’s hacker today claimed to be open to returning 18 million Optimism (OP) tokens left with them. In an on-chain message, the unknown …

Wall Street’s largest banks are tapping into the crypto market through derivatives

Episode 51 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and James Stickland, CEO of Elwood Technologies. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] Elwood Technologies — an Alan Howard backed digital asset platform that is building trading infrastructure for institutional investors — closed a $70 million Series A last month co-led by Goldman Sachs and Dawn Capital. In this …

Mastercard announces new crypto partners for its NFT payments service

Mastercard has announced plans to widen access to the non-fungible token (NFT) market through the use of card payments. In a blog post published on June 9, Raj Dhamodharan, an executive vice president at the company, said it had partnered with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay to enable NFT commerce. “We’re working with these companies to allow people to use their Mastercard cards for NFTs purchases, whether that’s on one of these companies’ …

SEC court win over Terraform and Do Kwon opens door for UST investigation

Terraform Labs’ court loss over Mirror Protocol opens the doors for greater action on the collapse of stablecoin TerraUSD.  Yesterday, the Second Circuit Court rejected Terraform Labs’ appeal against the Securities and Exchange Commission, upholding an earlier decision from the Southern District of New York. The SEC served founder Do Kwon with a subpoena as he prepared to go onstage to speak at Messari’s MainNet event in Manhattan back in November.  In the attempted appeal, Kwon’s lawyers argued that the …

Miners in Texas respond to heatwave and record power demand

As high temperatures in Texas this week have led to record-breaking power use levels for the month of June, presenting a test for state’s power grid. And the heatwave has had implications for some of Texas’s bitcoin mining operations. Energy demand hit a peak of 72,386 megawatts on Monday, setting a record for June — only to be surpassed the following day, when demand hit 72,785 megawatts, according to data from the Electric Reliability Council of Texas (ERCOT). The all-time …

PartyBid creator PartyDAO raises $16.4 million led by a16z

PartyDAO, the decentralized organization behind the NFT bidding platform PartyBid, has raised $16.4 million in a funding round led by Andreessen Horowitz (a16z).  Other participants in the round include Standard Crypto, Compound Crypto, Dragonfly Capital, Uniswap Ventures (after having invested in PartyDAO in April of this year) and Loot creator Dom Hofmann, according to a Thursday statement.  PartyDAO’s main application, PartyBid, allows multiple people to buy and own or fractions of digital assets by pooling funds and sharing ownership.  PartyDAO’s …

European crypto ETN and ETP report: Thursday, June 9

Most crypto investment vehicles in Europe traded marginally down on Thursday, while others bucked the trend.  21Shares Cardano ETP was the worst performer on our list for June 9, trading at $12.89 — representing a daily loss of 1.55%. Other notable drops were 21Shares Ripple XRP ETP, down 0.83%, and BTCetc ETC Group’s Physical Bitcoin ETN, which lost 0.62% on Thursday.  Elsewhere, 21Shares Tezos ETP was the best performer, gaining 4.99% to close at $12.20. VanEck’s Solana ETN also closed …