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The firm, which already holds 214,400 BTC, also announced the redemption of $650 million of its 2025 convertible senior notes.
Chris Amani, CEO of Terraform Labs, said the firm plans to dissolve its operations and urged the community to take over.
Polygon ID has been spun off from Polygon Labs as Privado ID, targeting the mainstream digital identity market.
UwU Lend was previously hacked for about $20 million on June 10, after which UwU stated that the vulnerability had been fixed.
The new crypto industry association is expected to formulate self-supervisory rules under the government’s guidelines.
The price of Curve DAO fell nearly 25% in the past 24 hours, which put Curve founder Michael Egorov's loans at risk of liquidation.
Fidelity’s FBTC led the pack of inflows on Wednesday with $51 million, followed by inflows of $16 million from BlackRock’s IBIT.
President Biden’s campaign is in discussions with industry players about accepting crypto donations through Coinbase Commerce.
Equilibrium Group has launched Equilibrium Ventures, which is raising over $30 million for its first fund.
Paxos has cut about 20% of its workforce, or 65 people, according to a copy of an internal email obtained by The Block.