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Wrapped Bitcoin flash crashes to $5K on Binance exchange

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Wrapped Bitcoin was launched in 2019 to give Bitcoin investors an option to use the asset in decentralized finance applications.

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Coin Market

SEC nets record $8.2B from enforcement, mostly from Terraform Labs

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Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties.

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Decentralized science is like early DeFi in 2019: Crypto VC

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Mechanism Capital’s Andrew Kang said DeSci protocols will likely change their existing models before evolving into more market-ready products.

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Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge

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Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%.

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