#crypto

The cryptocurrency exchange OPNX has tabled an offer to take over crypto lender Hodlnaut, which is undergoing a restructuring plan under the supervision of a Singapore court. OPNX offered $30 million in FLEX to partially offset the creditors’ losses and cover their claims. If the bid is approved by the court and accepted by creditors, OPNX will own a 75% stake in Hodlnaut.

The decision is driven by the challenging regulatory situation. American clients will be able to purchase cryptocurrency until September 2nd, with a selling prohibition coming into force from October 2nd. Following this, the crypto platform will become completely inaccessible to American users, putting a stop to all digital asset operations, including holding.

US President caused a buzz in the crypto world with a recent Twitter post featuring him sporting laser eyes. This sparked discussions about a potential connection to Bitcoin, as red 'laser eyes' are a popular modification used by crypto enthusiasts in their profile pictures. What do you think? Is Joe Biden a secret crypto enthusiast?

The founder of CryptoLaw, John Deaton, argues that certain crypto enthusiasts might be overly buoyant about how XRP's price would respond to the court's verdict in the SEC dispute. XRP has indeed grown by a whopping 85% this year, but Deaton asserts that a fresh peak price would likely coincide with Bitcoin's bull run. "Until Bitcoin breaks it’s ATH, I don’t expect anything else to," he shared.

As Elon Musk occupies himself with the Twitter rebrand, the crypto community is enthusiastically trading tokens that bear association with the well-known platform only through its former name. The TwitterDAO (TWITTER) token is presently priced at $0.0001, despite a rocky start.This rise is attributed to the automatic system's verification and contract audit. Yet, it's vital to bear in mind that such tokens often morph into money-making tools for fraudsters, leading to a total wipeout of the assets belonging to external investors. The recent situation with BALD serves as a stark reminder of this risk.

Ilya Lichtenstein and Heather Morgan, a husband and wife duo of crypto hackers, have pleaded guilty to federal money laundering conspiracy charges related to the 2016 hack of the cryptocurrency exchange Bitfinex. Their guilty plea comes after a year and a half since their arrest and charges in February 2022 and seven years after the initial hack. According to the government’s allegations, Lichtenstein hacked into Bitfinex and stole 119,754 bitcoins, which were valued at $72 million at the time and are now worth approximately $3.5 billion, for his personal benefit.