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Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger

[Aug 9, 2024 4:53 PM] The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.

US Bitcoin ETFs Soar With $192M Boost; Ethereum ETFs Record Modest Loss

[Aug 9, 2024 2:30 PM] The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows…

Brazilian Regulator Approves Solana Spot ETF

[Aug 8, 2024 10:30 PM] The Brazilian securities regulator (CVM), equivalent to the U.S. SEC, has greenlighted the launch of a solana spot ETF for national markets. The product, the first of its kind to be approved, is offered by QR and managed by Vortx. It is already in…

Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor

[Aug 8, 2024 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.

Medical Data Company OneMedNet Latest to Pursue Bitcoin Treasury Strategy After Capital Raise

[Aug 8, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 1:00 PM]

US Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash In

[Aug 7, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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.