The Daily: DWF Labs dismisses partner amid drink spiking allegations, Bhutan's government moves $66 million in bitcoin to Binance and more

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1 year ago

Happy Tuesday! In today's Daily, DWF Labs dismisses one of its partners over drink spiking allegations, Bhutan's government moves $66 million in bitcoin to Binance, a hacker exploits Truth Terminal's X account and more.

Meanwhile, U.S. spot bitcoin ETFs saw $479 million worth of net inflows on Monday — the highest in two weeks — as the foremost cryptocurrency reapproaches its all-time highs.

Let's get started.

Crypto trading firm DWF Labs has dismissed one of its partners following allegations of drink spiking that surfaced on X.

The Royal Government of Bhutan deposited 929 BTC, valued at $66 million, to Binance on Tuesday morning, Lookonchain first noted.

A hacker compromised Truth Terminal founder Andy Ayrey's X account to promote a scam token.

MetaMask developer Consensys is laying off 20% of its workforce, citing macroeconomic conditions and regulatory uncertainty, according to its CEO Joseph Lubin.

A dormant Bitcoin wallet address holding 749 BTC ($53.2 million) made its first transaction in nearly 12 years on Tuesday morning, transferring 159.2 BTC ($11.3 million), according to onchain data.

Eurozone GDP data are released at 6 a.m. ET on Wednesday. U.S. GDP figures follow at 8:30 a.m.

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