The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena, which seeks to compel the agency to produce documents related to crypto assets. The SEC described them as covering “essentially all documents that in any way relate to crypto assets.” SEC Opposes Coinbase’s Subpoena Request The motion filed on...Read More
After a massive price crash, the overall cryptocurrency market has experienced a significant upside move in the last 24 hours. Amid this, Solana (SOL) the world’s fifth-biggest cryptocurrency has gained massive attention from crypto enthusiasts following its substantial price surge. Breakout in Solana (SOL) During the price crash, SOL reached the lowest level of $109.66....Read More
The ongoing turmoil in the Japanese and United States stock markets has triggered heightened volatility in the crypto space. This highlights the interconnectedness of global markets and Bitcoin’s growing correlation with traditional finance (TradFi) markets. Analysts at the crypto exchange Bitfinex explained in the latest Alpha report that Bitcoin’s rising correlation with TradFi markets could...Read More
[PRESS RELEASE – Austin, USA, August 6th, 2024] Bitcoin Startup Lab has initiated the Bitcoin Olympics along with other Bitcoin industry leaders, the largest online Bitcoin hackathon to date. Running from August 1st to 27th, the event will culminate in an award ceremony at BTCON on September 4th, celebrating the achievements of participants and the...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, August 6th, 2024] Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced its latest product: Bybit Pre-Market Perpetuals. This innovative offering enables users to trade perpetual contracts on forthcoming tokens, providing an opportunity to engage with future values prior to their official market debut. Pre-Market Perpetuals are...Read More
Bitcoin treasury firm Semler Scientific has added another $6 million in Bitcoin to its balance sheet, comprising more than the entirety of the medical company’s Q2 earnings. The purchase reflects an ongoing commitment to Semler’s Bitcoin acquisition strategy despite the asset recently tapping its lowest price level since February. Semler Scientific Buys More Bitcoin In...Read More
Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States surpassed $5 billion in daily trading volume on August 5. This marks the first time since mid-April that such a high volume has been reached. BlackRock’s IBIT Leads with Nearly $3 Billion According to DefiLlama data, BlackRock’s IBIT ETF was a major contributor to this...Read More
[PRESS RELEASE – Paris, France, August 6th, 2024] Today, leading enterprise-grade staking platform Kiln, announces the launch of Kiln DeFi, a new service for Kiln’s integrators. Kiln DeFi enables integrators to facilitate stablecoin rewards by providing seamless access to leading DeFi lending protocols like Aave, Morpho, and Compound. Using this infrastructure allows integrators to easily...Read More
[PRESS RELEASE – Dubai, UAE, August 6th, 2024] Despite trends in the crypto market, BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, remains dedicated to accelerating blockchain innovation through its BNB Incubation Alliance (BIA). The recent BIA event in Nashville, along with the earlier Brussels launch, highlights BNB Chain’s...Read More
Global asset markets went risk-off in a brisk tumble the first week in August. Fears of a U.S. recession put an end to Wall Street’s 23-month, high-flying stock rally. The U.S. “Magnificent Seven” stocks lost a trillion dollars in value in mere days, with Nvidia and Apple leading the bleeding. The Tokyo Stock Exchange’s Nikkei...Read More
U.S. spot Ethereum ETFs had a positive day of inflows following a massive market crash that sent the asset tumbling 23% in less than 24 hours. On August 5, the aggregate inflow for the nine newly launched spot ETH ETFs was $49 million, its second-highest inflow day since the funds started trading. Additionally, it is...Read More
A recent report by Galaxy Research has raised concerns about the long-term sustainability of Bitcoin Layer-2 (L2) scaling solutions, particularly rollups, which have gained popularity as a means to keep transactions cheap, fast, and decentralized. Despite the initial promise, the report suggests that these solutions may face economic challenges due to the inherent limitations and...Read More
