Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
[Aug 8 9:36 PM] Ionic Digital's CEO Matt Prusak will step down this month, recently appointed CFO John Penver will take the helm in the interim.
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Medical Data Company OneMedNet Latest to Pursue Bitcoin Treasury Strategy After Capital Raise
[Aug 8 7:55 PM] OneMedNet (ONMD) late last month raised $4.6 million in a private placement and used $1.8 million of the proceeds to purchase bitcoin, according to a press release. Among the investors was Off The Chain Capital, a crypto investment fund.
JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In
[Aug 8 5:19 PM] Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.
Crypto for Advisors: Bitcoin and Lending
[Aug 8 3:00 PM] Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highlights its transformative power.
Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield
[Aug 8 2:00 PM] The Galaxy-backed stablecoin project aims to attract DAO treasuries to allocate in their new stablecoin.
Crypto Asset Manager Algoz Taps Standard Chartered-Backed Zodia Custody for Safer Investing
[Aug 8 1:00 PM] Algoz will use Zodia's Interchange service to offer off-venue settlement and mitigate risks around liquidity and insolvency.
US Spot Bitcoin ETFs Record $45M Inflows as Ether ETFs See $24M Outflows
[Aug 8 12:20 PM] U.S. spot bitcoin exchange-traded funds (ETFs) reported inflows on Wednesday, while spot ether ETFs experienced net outflows. Data reveals that 12 spot bitcoin ETFs collectively gained $45.14 million, whereas $23.68 million exited ethereum ETFs…
Wallet Linked to Nomad Bridge Hack Transfers $36M of Ether to Tornado Cash
[Aug 8 11:23 AM] 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.
Metaplanet Arranges Loan to Buy $6.8M of BTC
[Aug 8 10:03 AM] The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.
Grayscale Launches 2 New Crypto Trusts Focused on AI and Scalable Blockchain Tech
[Aug 7 4:30 PM] Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of…
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
[Aug 7 3:31 PM] Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.
Grayscale Introduces Crypto Funds for Decentralized AI Project Bittensor's TAO and Layer-1 Network Sui's Token
[Aug 7 1:00 PM]
US Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash In
[Aug 7 12:38 PM] Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during the same period. $148M Vanishes From Bitcoin ETFs…
Synthetix Founder Have Donated Funds to Beleaguered Ex-Treasurer: EmberCN
[Aug 7 11:54 AM] 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.
Jump Trading Allegedly Moves $29M in ETH as Ether Tops $2.5K
[Aug 7 10:49 AM] 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.
Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Tumbles 40%
[Aug 7 9:07 AM] 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.
Stripe Partners With Bitstamp to Make Crypto Buying Easier for European Users
[Aug 7 9:00 AM] The widget won't be available to customers in the U.K.
Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings
[Aug 6 9:14 PM] Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges…
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
[Aug 6 5:01 PM] The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years.
Crypto Bank Anchorage Adds Custody for Solana-Based Tokens
[Aug 6 1:00 PM] Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year
US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact
[Aug 6 12:45 PM] On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million…
Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed
[Aug 6 4:05 AM] Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September…
Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program
[Aug 6 2:30 AM] Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking…
Wharton Professor Calls for Emergency Rate Cut Following Market Downturn
[Aug 6 12:30 AM] Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align…
Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account
[Aug 5 5:10 PM] Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means…
Crypto-Related Stocks Slide Amid Global Market Turmoil
[Aug 5 3:45 PM] U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and…
Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges
[Aug 5 9:37 AM] The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday's crypto market sell-off.
BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says
[Aug 3 10:16 PM] The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This…
Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report
[Aug 3 8:50 PM] Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s…