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Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

[Aug 8 5:33 PM] While the crypto rally was broad-based with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted.

Elixir’s Yield-Bearing DEUSD Stablecoin Sees 12,071% Growth in 24 Hours 

[Aug 8 5:30 PM] Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value…

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-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients

[Aug 8 5:03 PM] Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients.

Investors Accumulate as Bitcoin Dips: Record Transfer to Long-Term Wallets

[Aug 8 3:30 PM] Despite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses…

Do Kwon’s Extradition from Montenegro Postponed Yet Again

[Aug 8 3:08 PM] Do Kwon’s extradition from Montenegro has been delayed yet again.

Putin Signs Law Legalizing Cryptocurrency Mining in Russia

[Aug 8 2:49 PM] Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia. According to a report by Russian news agency TASS, the law introduces several key concepts, including digital currency mining, mining…

Polymarket Bets Predict a Nail-Biter: Trump and Harris Dead Even in 2024 Race

[Aug 8 2:10 PM] According to prediction market Polymarket, former President Donald Trump and current Vice President Kamala Harris are now evenly matched in the 2024 election race. Initially, Trump led Harris following the announcement by President Joe Biden that…

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.

CoinDesk 20 Performance Update: Index Rallies 7.1%, Led by XRP's 17.5% Gains

[Aug 8 1:36 PM] Ripple soared 17.5% while Solana climbed 8.9%, leading the index higher.

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.

NEAR Pushes 'Signatures' on Mainnet, in Growing Trend of Chain Abstraction

[Aug 8 1:00 PM] The feature was introduced in testnet in March, and allows users with a NEAR account to sign transactions on blockchains it supports, without the need for cross-chain bridges.

Franklin Templeton's Tokenized Money Market Fund Expands to Arbitrum

[Aug 8 1:00 PM] The $420 million OnChain U.S. Government Money Market Fund was previously available on Stellar and Polygon.

Coinbase-Backed Vega Gets Into Prediction-Market Race, Chasing Polymarket

[Aug 8 1:00 PM] A major upgrade to Vega's blockchain and decentralized perpetuals exchange will allow users to bet on the outcomes of future events.

First Mover Americas: Crypto Prices Little Changed, XRP Surges

[Aug 8 12:02 PM] 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.

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.

Japan's Top Regulator Says Crypto-ETF Approvals Need 'Cautious Consideration:' Report

[Aug 8 10:22 AM] 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.

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.

Metaplanet Secures ¥1 Billion Loan to Buy More Bitcoin

[Aug 8 9:36 AM] 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…

XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

[Aug 8 7:03 AM] 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

[Aug 8 6:54 AM] 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

[Aug 8 6:44 AM] United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.

Kamala Harris, Donald Trump Tied on Polymarket on Who Will Be The Next U.S. President

[Aug 8 5:13 AM] Donald Trump's chances of winning the 2024 election have declined 13 percentage points in the last month.

Brazil’s Securities and Exchange Commission Approves Solana-Based ETF

[Aug 8 3:44 AM] The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database.

Protocol Village: Validation Cloud Supports Stellar Full Archive Nodes, Nillion Partners With AI Network Ritual

[Aug 8 2:02 AM]

Democrats Launch "Crypto for Harris" to Rival Trump’s Crypto Appeal: FOX Business

[Aug 7 8:54 PM] In a strategic move to counter Donald Trump's growing appeal within the cryptocurrency industry, Democrats have launched the "Crypto for Harris" campaign, FOX Business' Eleanor Terrett reported today. This initiative, led by a pro-Kamala Harris…

Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case

[Aug 7 8:15 PM] A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday.

Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration

[Aug 7 7:30 PM] On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the…

Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains

[Aug 7 6:41 PM] An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.

Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang

[Aug 7 6:20 PM] The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday.