Aave DAO and Trident launch $100M onchain fixed-yield loan
The collaboration aims to provide a secure, stable investment option, mitigating traditional market volatility and risks for lenders.
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First Mover Americas: Crypto Prices Little Changed, XRP Surges
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap
After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the…
Binance recovers $73M in stolen funds, surpassing 2023 security efforts
Binance’s proactive security measures and industry collaborations lead to the recovery of $73 million in stolen funds by mid-2024.
Crypto trading volumes surge 19% in July, hitting $4.94 trillion
With both spot and derivatives trading showing robust growth, exchanges like Bybit and Binance continue to play pivotal roles in facilitating this activity.
Over $350M Ether set for withdrawal in the next 9 hours. Can ETH price remain above $2.2K?
Ether could see a significant amount of sell pressure unlock at 8:00 p.m., despite ETH fractals pointing at an imminent breakout.
Wallet Linked to Nomad Bridge Hack Transfers $36M of Ether to Tornado Cash
A wallet linked to the $200 million hack of the Nomad bridge in 2022 transferred 14,500 ETH to sanctioned coin-mixing service Tornado Cash, according to blockchain security firm PeckShield.
Nairobi Securities Exchange, Valour Sign MOU to Enable Trade of Digital Asset ETPs in Africa
Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will…
Immutable to shut down NFT marketplace
Immutable wrote that they would rather support marketplaces within the ecosystem than compete.
3 Reasons Why Ethereum Is Struggling Today: Will ETH Break $2,000?
Even after the welcomed recovery on August 6, Ethereum is under immense selling pressure today, August 7. Despite gains earlier today, losses saw the coin edge lower, as visible in the daily chart. The daily chart rejected the coin at around the…
US to establish Bitcoin tax-free zone for digital economy growth
The USABTC policy group proposes a groundbreaking tax-free Digital Economic Zone (DEZ) for Bitcoin to boost the US economy while securing the dollar's global dominance.
WazirX to reverse trades after $235M crypto hack
WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024.
Japan's Top Regulator Says Crypto-ETF Approvals Need 'Cautious Consideration:' Report
The boss of Japan's Financial Services Agency (FSA) has said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds.
Mutiny to Cease Operations Amid Technical Challenges in Bitcoin Lightning Wallet Development
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down…
Metaplanet Arranges Loan to Buy $6.8M of BTC
The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.
Grayscale Introduces New Crypto Funds For TAO & SUI, Triggering Price Responses
Grayscale Investments, one of the world’s largest crypto asset managers and exchange-traded fund (ETF) issuers has unveiled its latest offerings. On Wednesday, the company announced the launch of two new crypto mutual funds: the Grayscale…
MetaMask users gain 2FA security via MultiversX Snap integration
The MultiversX Snap for MetaMask introduces a new level of security, embedding two-factor authentication directly into the blockchain protocol for enhanced protection.
Metaplanet Secures ¥1 Billion Loan to Buy More Bitcoin
Metaplanet, a publicly listed Japanese investment firm, has secured a ¥1 billion ($6.8 million) loan to purchase additional Bitcoin. This comes just days after announcing plans to raise ¥10.08 billion through a stock rights offering, mostly for…
Bitgo Secures Major Payment Institution License in Singapore
Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now…
Nomad Bridge hacker moves $35.2M in ETH to Tornado Cash
The transfer involving the Nomad Bridge exploiter and Tornado Cash highlights the ongoing battle between privacy and regulation in the cryptocurrency industry.
Imminent Death Cross Formation Emerges For Bitcoin – Time to Sell or Hold?
Bitcoin is currently witnessing a notable pattern on its chart. With the asset undergoing a bullish and bearish trend over the past month, Barchart, a financial market data provider, has revealed that BTC is facing an “Imminent Death Cross…
Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September
Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,”…
Messari and CryptoRank Research Highlight TRON’s Surging Onchain Activity
Ethereum On The Move: Dormant ETH Wallets Linked To $4 Billion Scam Awaken
On Wednesday, online reports unveiled that hundreds of Ethereum wallets that had been dormant for over 3 years were moving large amounts of ETH. The wallets were believed to have moved $2 billion worth of ETH linked to a $4 billion crypto scam…
Bitcoin speculators sit on 93% unrealized losses after $365M 'wipeout'
Bitcoin futures liquidations leave market newcomers licking their wounds after a giant BTC price drawdown.
Nexera burns stolen 32.5M NXRA tokens following hack
Burning the stolen NXRA tokens is a significant step to ensure the long-term stability and integrity of the Nexera protocol.
XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends
Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.
Bitcoin Faces Risk From 'Maxed Out' U.S. Consumers, Analyst Says
U.S. consumers are accumulating debt at a slower rate, data released Wednesday showed.
FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge
United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.
Bitstamp and Stripe Collaborate for EU Crypto Onramp
Crypto exchange Bitstamp is collaborating with Stripe, a financial infrastructure platform, to support Stripe’s fiat-to-crypto onramp across the EU. This collaboration enables EU consumers to easily purchase cryptocurrencies through a…