Optimism Loses 20M OP Tokens, Cites Wintermute’s Error
(Optimism) Ethereum scaling layer Optimism has lost 20 million OP governance tokens worth around $35 million to a hacking attack. Optimism says that the hack was facilitated by a mistaken…
China’s Exports Grow by Double Digits in May as Covid-19 Restrictions Ease
(NBS) Exports from China rose by 16.9% in May from the prior year, its strongest expansion this year. The growth was more than double expectations of an 8.0% increase. The…
Mortgage Applications Hit a 22-Year Low as Rates Climb to 5.4%
(MBA) The US Market Composite Index, gauging mortgage purchase and refinance applications, plunged by 6.5% last week to 288.4. The index is at the lowest in 22 years and was…
Chinese Stocks in US Exchanges Post Gains as Beijing Approves More Video Games
(Bloomberg) Bilibili Inc. stock jumped more than 7% on Wednesday, leading gains among Chinese peers listed in the US as Beijing toned down on the internet firms. The improved sentiment…
Plug Power Signs Deal to Build Europe’s Second Largest Hydrogen Plant
(Plug) Plug Power has signed a 30-year concession deal to build a 35-tons-per-day green hydrogen generation facility at Port of Antwerp-Bruges. The plant at the Belgian port will be the…
PayPal Starts Supporting Native Transfers of Crypto to Other Wallets and Exchanges
(PayPal) PayPal has announced a new crypto feature that will allow transfers of cryptocurrencies from the platform to other wallets and exchanges. The payment giant said that the implementation of…
Novavax Jumps 16% on Positive Note by FDA of Its Protein-Based Covid-19 Vaccine
(Novavax) Shares of Novavax rose more than 16% in premarket on Wednesday on news that the US Food and Drug Administration had approved its Covid-19 vaccine. Novavax said the FDA…
Yuga Labs Seals Loophole Used to Mint Limitless Bored Ape NFTs
(Twitter) Yuga Labs has announced that it has eradicated the ability to mint limitless Bored Ape Yacht Club NFTs. The contract owner has now been burned. While we’d been meaning…
Euro Area Posts a 0.6% Twin Jump in GDP and Employment in the First Quarter
(Eurostat) Both the gross domestic product and employment increased by 0.6% in the euro area in the first quarter of 2022. In the EU, the GDP shot up by 0.7%,…
Bridgeless DeFi Transactions Are Coming, Thanks to a New Feature by DeversiFi
(CoinDesk) Decentralized exchange DeversiFi is initiating a new feature that will integrate multiple chains in a cost-efficient way. The new feature aims to solve the problem associated with the current…
Credit Suisse Stock Falls 6% After a Profit Warning in the Second Quarter
(Credit Suisse) Shares of Credit Suisse fell 6% on Wednesday after saying it was likely to record a loss in its second quarter. Credit Suisse blamed the war in Ukraine…
UK House Prices Jump by an Annual 10.5% in May to Cap Another Record High
(Halifax) House prices in the UK increased by an annual 10.5% in May to set a new record high of 289,099 pounds. The record high house prices happen after an…
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