AA News

CryptoQuant CEO Ki Young Ju predicts that if bitcoin’s price remains above $45,000, it could surpass its all-time high within a year. His optimism persists in the crypto market even as some bearish indicators loom in the broader financial markets following bitcoin’s rebound from the Monday lows. Ki Young Ju Predicts Bitcoin Recovery Ki Young...Read More

BlackRock has been proving the pundits wrong amid claims that there has been little or no demand for spot Ethereum’s ETFs, The asset manager’s ETHA ETF took another $108.4 million in daily inflows on Aug. 6. This comes in the same week that the underlying asset devalued by around 25%. On “crypto black Monday,” the...Read More

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

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

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

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

The Australian Federal Police (AFP) has uncovered that over 2,000 cryptocurrency wallets owned by locals were compromised by offshore scammers, putting millions of dollars in digital assets at risk. This discovery emerged from Operation Spincaster, a global initiative against crypto fraud spearheaded by Chainalysis and locally managed by the AFP-led Joint Policing Cybercrime Coordination Centre...Read More

Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscale’s ETHE fund. Additionally, there were minor outflows observed in European ETPs,...Read More

Bitcoin’s 24-hour bloodbath has reduced the number of its investors in profit. According to data from blockchain analytics platform IntoTheBlock, the percentage of BTC holders in the green has crashed from 93% in late July to 75% at the time of writing. The significant decline in BTC profitable holders comes as the leading cryptocurrency crashed...Read More

As bitcoin and the rest of the market dump hard in one of the worst crashes in recent history, the community is actively trying to locate the source behind this cataclysm. Justin Sun, the founder of Tron and HTX’s advisor, was also blamed that he and his team were liquidated, which only intensified the market...Read More

Bitcoin’s price troubles seem to have no ending as the asset kept plunging on Monday morning and fell to its lowest price position since late February of $53,000. This means that BTC has lost about $17,000 since last Monday, making it one of the worst weekly performances in its 15-year history. CryptoPotato has repeatedly reported...Read More

Crypto-related hacks continue to plague the ecosystem. In July 2024, PeckShield reported a significant surge in such security breaches. The blockchain investigation firm found that 16 incidents resulted in approximately $266 million in losses during the period. The most severe breach was the Indian centralized crypto exchange WazirX, which suffered a staggering $230 million loss....Read More

The total stablecoin market capitalization grew by 2.11% in July, reaching $164 billion, according to CCData. This marks a ten-month consecutive ascent for major stablecoins, with their market dominance increasing to 6.93%. Tether Reaches New Peak Tether, the largest stablecoin by market cap, saw a 1.61% increase to $116 billion, setting a new all-time high....Read More

California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles using the Avalanche (AVAX) network. This initiative is part of a modernization effort to streamline the state’s title transfer process in collaboration with software development firm Oxhead Alpha. California DMV to Digitize Car Titles According to an Avalanche blog post, users will soon...Read More

Prominent on-chain sleuth ZachXBT has recently uncovered compelling evidence linking convicted UK hacker Gurv – whose real name is Gurvinder Bhangu – to the recent compromises of American actress Sydney Sweeney’s and ‘Breaking Bad’ actor Bob Odenkirk’s X accounts. This resulted in over $530,000 stolen through Solana meme coin scams. SWEENEY Pump and Dump On...Read More