Web3/Crypto· · 1 minMetaplanet CEO rejects claims it hid details of Bitcoin trades.
Today's headlines reveal a mix of regulatory blunders, stock market woes, and the ongoing struggle for crypto legitimacy—it's a wild ride in the world of Web3 and Cryptocurrency!
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- Metaplanet CEO rejects claims it hid details of Bitcoin tradesMetaplanet's CEO Simon Gerovich is fighting back against claims of deception like a knight defending a castle, insisting that their Bitcoin strategies are as transparent as a freshly cleaned window. Investors are still grumbling, but Gerovich’s rebuttal might just settle their stormy seas. — Cointelegraph, CoinDesk
- South Korean authorities under fire over $43B Bithumb Bitcoin errorSouth Korea's financial watchdog is facing a storm after Bithumb accidentally credited customers with a whopping 620,000 BTC—talk about a clerical error! Lawmakers are pressing for accountability, but it seems the regulators are still stuck in traffic. — Cointelegraph
- Crypto miner Bitdeer tanks 17% after $300M debt offeringBitdeer's stock just took a nosedive, dropping 17% after announcing a $300 million debt offering—guess investors aren't keen on being in the red. With shares down 29% this year, it seems Bitdeer is mining more trouble than Bitcoin these days. — Cointelegraph
- Fed’s Kashkari lashes crypto and stablecoins, praises AINeel Kashkari of the Minneapolis Fed threw shade at crypto, calling it 'utterly useless' while singing the praises of AI like it’s the latest pop sensation. It seems the financial world is still divided between crypto enthusiasts and AI advocates—who will win the battle for relevance? — Cointelegraph
- Tether USDT supply set for biggest monthly decline since 2022 FTX collapseTether's USDT is on track for its largest monthly supply drop since the FTX disaster, as whales and savvy traders are shedding their holdings faster than a snake in spring. This decline is raising eyebrows, but the stablecoin still seems to be hanging in there—barely. — Cointelegraph
- Bitcoin ETFs shed $166M as BTC heads for worst start in yearsBitcoin ETFs are seeing a mass exodus, losing $166 million as the crypto struggles to shake off its worst start to a year ever—talk about a rough breakup! Investors are clearly not feeling the love, and BTC's future is looking as murky as a foggy morning. — Cointelegraph
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