First Mover Americas: BoJ Comments Offer Relief to Crypto
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Explosive XRP Prediction: Analyst Foresees 20-Fold Gain
Market experts and technical indicators imply that XRP might break out in a positive way. After a short rise and retracement, the cryptocurrency has been trading at levels that indicate a break in consolidation. At the time of writing, XRP was…
Synthetix Founder Have Donated Funds to Beleaguered Ex-Treasurer: EmberCN
On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge.
The ORDER token of Orderly Network, an on-chain liquidity provider, is being offered as the first on the market, with prices down 5% since its listing at 8 A.M. UTC.
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of…
Bitcoin and the broader crypto market faced a notable price plunge on Monday, with the global crypto market cap losing $100 billion in valuation and total liquidations surpassing $1 billion. Interestingly, despite this so-called ‘Red…
Jump Trading Allegedly Moves $29M in ETH as Ether Tops $2.5K
According to a blockchain data tracking service, Jump Trading has moved large amounts of ether to an address previously used to deposit coins to centralized exchanges.
Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s…
BlackRock Plans Ethereum ETF Options, Files With SEC
In a notable development, BlackRock, one of the world’s largest asset managers and ETF issuers, has collaborated with the Nasdaq Stock Market in a move to introduce options for its Ethereum ETF recently approved by US regulators. 2025…
Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading
Mox, a virtual bank subsidiary of Standard Chartered, has introduced Bitcoin and crypto exchange-traded fund (ETF) trading on its investment platform. This makes Mox the first virtual bank in Hong Kong to offer Bitcoin and crypto-related investment…
Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building Research
Ethereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute…
Nexera, a blockchain infrastructure protocol that focuses on tokenization, has suffered an exploit with $1.5 million being stolen, according to blockchain security firm Cyvers.
Solana (SOL) is leading the crypto market recovery following the massive Monday crash. SOL registered some of the largest gains after reclaiming the $140 support zone on Tuesday morning. Its strength was highlighted by several market watchers, who…
The U.S. Securities and Exchange Commission (SEC) has opposed Coinbase’s motion to compel discovery in a case where the SEC alleges Coinbase violated federal securities laws by failing to register its operations and services. Coinbase’s…
KIP Protocol’s $10m DAO Proposal Approved to Transform Education for 250 Million Students Globally
PRESS RELEASE. Singapore, 7 August 2024 – KIP Protocol, the Web3 base layer for AI, announces the unanimous approval of its OCP-12 DAO proposal. This landmark decision allocates $10 million to KIP Protocol to reshape education through AI and…
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