Danny Park

3 days ago | theblock.co | Danny Park

Policy • June 4, 2025, 2:36AM EDT World Liberty Financial, the crypto project backed by U.S. President Donald Trump, apparently distributed USD1 stablecoins to wallets that participated in the sale of the project's native token WLFI, blockchain analytics platforms Lookonchain and SlowMist reported. Late Tuesday night, a wallet identified as associated with the crypto project distributed 47 USD1 tokens to each WLFI-holding wallet in a bulk transfer, data from Etherscan shows.

3 days ago | theblock.co | Danny Park

Policy • June 4, 2025, 12:08AM EDT South Korea officially named left-wing party candidate Lee Jae-myung as its new president on Wednesday, after former leader Yoon Suk-yeol's failed military rule and subsequent backlash led to his impeachment after three years as president. On Tuesday, the country saw a voter turnout of 79.4%, the highest rate in 28 years. Lee took 49.42% of the votes against right-wing opponent Kim Moon-soo's 41.15%.

3 days ago | theblock.co | Danny Park

Policy • June 3, 2025, 9:56PM EDT Director of the U.S. National Economic Council Kevin Hassett disclosed his stake in Coinbase Global Inc. worth at least $1 million, Bloomberg reported Tuesday. Hassett's Coinbase holdings, listed as vested stock, are reportedly valued at up to $5 million, as financial disclosures typically present asset values in broad ranges. Hassett's total reported assets are worth a minimum of $7.6 million.

5 days ago | theblock.co | Danny Park

The total stablecoin market capitalization recently surpassed $250 billion for the first time, signifying their burgeoning trust and adoption. "Crossing $250 billion marks a turning point," said Hank Huang, CEO at Kronos Research. "Stablecoins are no longer experimental, they're essential."According to CoinGecko data, the figure currently stands at $250.3 billion, where $245.5 billion is owned by U.S. dollar-backed stablecoins.

5 days ago | theblock.co | Danny Park

Security • June 2, 2025, 4:18AM EDT Taiwan-based cryptocurrency exchange BitoPro appeared to have been exploited for about $11.5 million on May 8, according to on-chain sleuth ZachXBT. ZachXBT said in his Telegram channel that there were suspicious outflows from the exchange's hot wallets on multiple networks, including Tron, Ethereum, Solana and Polygon. "The stolen funds were then deposited to Tornado or bridged to Bitcoin via Thorchain and deposited to Wasabi," ZachXBT wrote.