Coinbase submitted its third comment letter highlighting significant flaws in the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter argued that the agency has failed to assess the rule’s economic impact on efficiency, competition, and capital formation. Despite acknowledging a lack of critical information on decentralized exchange (DEX) operations...Read More
On-chain analysis platform Arkham Intelligence sounded the alarm on Tuesday as $2 billion worth of Bitcoin connected to Mt. Gox moved from a blockchain address connected to crypto exchange BitGo. According to Arkham, a wallet that had received $2.19 billion from the long-defunct Bitcoin exchange began initiating test transactions early Tuesday. The firm said the...Read More
Three Arrows Capital (3AC), the defunct crypto hedge fund, has its liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon. This legal action is part of ongoing efforts to recover funds for 3AC’s creditors following the fund’s collapse. 3AC Liquidators Pursue TerraForm Labs The Three Arrows...Read More
The cryptocurrency market is facing a growing liquidity crisis, as evidenced by the significant price slippages observed during recent sell-offs. According to research by Kaiko, the ongoing issue of liquidity fragmentation across crypto exchanges has resulted in noticeable price discrepancies, particularly during periods of market stress. Price Slippage Liquidity fragmentation refers to the uneven distribution...Read More
[PRESS RELEASE – Washington DC, United States, August 13th, 2024] Tellor, a leading decentralized oracle protocol, is thrilled to announce the launch of the Antietam Testnet. This is the initial public testnet deployment for their upcoming Layer 1 blockchain, Tellor Layer, developed using the Cosmos SDK and represents a major advancement in decentralized data consensus....Read More
Bitcoin (BTC), the world’s biggest cryptocurrency by market capitalization looks bearish and may crash once again. Today, on August 13, 2024, a prominent trader made a post on X (previously Twitter) that Bitcoin Whales have offloaded a significant Bitcoin as its price fell below $60,000. Why Bitcoin Can Crash? According to the post on X,...Read More
[PRESS RELEASE – San Francisco, United States, August 13th, 2024] SKALE Swell demonstrates how building different leads to easier onboarding and can transform community engagement like never before. SKALE, the gas-free invisible blockchain network, announces the launch of SKALE Swell, an interactive platform that will accelerate community engagement and reward participation to welcome millions of...Read More
The current market condition has put many new Bitcoin investors under financial stress. This is evident in several metrics that indicate a bearish environment and highlight factors that can intensify market volatility, increase selling pressure, and lead to further price declines. According to a Bitfinex Alpha report, metrics like the Short-Term Holder MVRV (Market Value...Read More
[PRESS RELEASE – Prague, Czech Republic, August 13th, 2024] Victoria VR, a blockchain Virtual Reality World and AI VR builder developer, today announced the launch of its latest game, VRtap. Designed as a cutting-edge Strategic PvP for Telegram, the new title mixes play-to-earn with strategic PvP battle to connect realistic Virtual Reality gaming to mobile...Read More
The US spot Ethereum ETFs attracted a total inflow of $4.9 million on Monday. Grayscale Ethereum Trust (ETHE) notably recorded no withdrawals, a first since its conversion to an ETF following 14 days of outflows. Monday’s trading volume for these ETFs was strong, hitting $286 million on August 12th, a significant jump from Friday’s figure...Read More
The total holdings of the new U.S. spot Bitcoin ETFs launched in January have reached 909,700 BTC. In a post on X on Aug. 13, Bloomberg’s senior ETF analyst Eric Balchunas compared the figures of each fund with the BTC holdings of corporations and even the founder of the asset Satoshi Nakamoto. “Didn’t realize US...Read More
As Solana struggles to maintain dominance above the $150 mark, the broader market recovery hits the pause button as Bitcoin drops under $60K. Amid the Solana struggles, multiple top potential Solana killer coins are gaining momentum with an underground sentiment transition. So, here’s a list of top Solana-killers to buy for a bull run this...Read More
On Aug. 12, X owner Elon Musk said there appeared to be a massive distributed denial-of-service (DDOS) attack on the micro-blogging platform, “working on shutting it down.” A DDOS attack aims to disrupt a website or service by flooding the network with spurious traffic in an effort to prevent users from accessing the site. “As...Read More
[PRESS RELEASE – Palo Alto, CA, August 13th, 2024] ZAN, the web3 technology brand of Ant Digital Technologies, plans to run a Sui RPC node with Mysten Labs Mysten Labs, a web3 infrastructure company and the original contributor to the Sui blockchain, today announced a partnership with ZAN, the technology brand of Ant Digital Technologies....Read More
[PRESS RELEASE – Zug, Switzerland, August 12th, 2024] Aleph Zero launches its ultra-fast Ethereum-compatible layer-2, expanding its privacy tools and new apps compatible with the world’s biggest web3 ecosystem. Aleph Zero — a blockchain ecosystem engineered for speed, data confidentiality, and ease of development — today announced the mainnet launch of its new EVM-compatible Layer-2...Read More
Paolo Ardoino, Tether’s CEO, is steering the company into venture capital, with a focus on emerging areas like AI, as revealed in his recent interview with WIRED. With billions in reserves, Tether is positioning itself to compete with tech giants such as Microsoft, Google, and Amazon. Tether’s Profit Ventures Since Ardoino took over as CEO...Read More
