The week of 02/05 in brief – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily flow of information and that important points are missed. This format is there to remedy. Let’s go back to last week’s news inCrypto Weekly to keep you informed about the current situation of cryptocurrencies.
Cryptocurrency News in Brief
▶ Polkadot implements XCM and becomes fully interoperable. Therefore, this protocol allows parachains to send data and tokens to each other, atomically.
▶ Solana once again offline. The blockchain was overwhelmed with transactions, so it couldn’t carry the load. It took 7 hours to restart the network.
▶ Binance Gets PSAN Approval. The cryptocurrency exchange giant has just obtained the sacrosanct PSAN, allowing it to operate legally in France.
▶ Ronin strengthens his confidence. This security reinforcement follows the attack that targeted his bridge. This had caused the loss of $ 600 million in cryptocurrencies.
▶ The Bored Ape broke Ethereum. On April 30, Yuga Labs, the company behind Bored Ape, launched the sale of Otherdeeds, plots of land for their next metaverse. However, the demand was such that Ethereum faced significant congestion.
▶ Telegram adopts TON crypto. Therefore, users can now exchange TONs directly from the application. A surprising sleight of hand following the regulatory setbacks encountered by Telegram.
▶ This week, Sami receives Pierre Morizot from Waltio to discuss the state of cryptocurrency taxation in France.
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The 5 metrics of the week
➤ 10%this is the share of all ETH in circulation that are targeted on the chain of beacons. In total, this represents 12 million ETH that have been blocked to participate in block validation on the proof of stake version of Ethereum.
➤ $ 80 millionthis is the sum subtracted from the Fuse protocol developed by Rari Capital. In practice, the attacker exploited a so-called re-entry hole, allowing him to steal the protocol pools.
➤ 1.6 billion dollarsthis is the alarming record of DeFi hacks since early 2022. By comparison, $ 1.4 billion was stolen in 2021 as a whole.
➤ $ 500 millionhisenvelope deposited by Binance during Elon Musk’s acquisition of Twitter. In fact, of the $ 44 billion used in the acquisition, $ 7.14 came from investment funds.
➤ $ 265,000this is the amount spent by Yuga Labs to reimburse users damaged by the launch of Otherdeeds. Therefore, gas tariffs were refunded to users whose transactions failed due to network conditions.
Tweet of the week
The tweet of the week goes to @CryptoGaryy and his reminder on the implications of Binance obtaining PSAN status. In fact, for the crafty ones who had been careful not to declare their Binance account when filing their tax return, the surprise could be big now that Binance is a PSAN regulated service provider.
Have a good week in the Journal du Coin! 🙂
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