Crypto
Bitcoin and Ether exchange-traded funds (ETFs) experienced substantial inflows for a second consecutive day, reaching a combined $800 million. This surge in institutional investment is driving a broad cryptocurrency market rally, pushing Bitcoin above $75,000 for the first time since May.
Crypto
The Optimism Foundation approved the reallocation of 546.9 million OP tokens—about 12.7% of total supply—from user airdrops to its Strategic Ecosystem Fund, a move valued at roughly $49 million. The shift aims to bolster development and adoption of the Optimism layer‑2 network.
Crypto
GnosisDAO approved a proposal to transition Gnosis Chain to an Ethereum Economic Zone rollup, ending its independent validator set and unlocking a sizable portion of its token supply. The shift aligns the network with Ethereum’s scaling roadmap and could reshape its market dynamics.
Crypto
Former President Trump signaled support for a legal pathway for cryptocurrency in the United States, hosting industry leaders at the White House and calling on Congress to pass the Clarity Act. His remarks spurred gains in major digital assets and the Hyperliquid token HYPE, while also addressing artificial intelligence.
Crypto
Bitcoin and Ether exchange-traded funds recorded their most significant inflows in months, with a total of over $700 million on August 19. This surge coincided with a broad cryptocurrency rally that triggered a record $2.7 billion in liquidations of bearish positions.
Crypto
Fairshake, the industry’s leading political action committee, spent $2 million on a Florida primary campaign that failed to win, drawing criticism over deceptive ads. The PAC says the loss is a setback, not a defeat, as its backed candidates advance in other key races.
Crypto
The Financial Accounting Standards Board (FASB) has proposed new guidance that could allow certain stablecoins to be classified as cash equivalents on corporate balance sheets. This move signifies a significant step towards integrating digital assets into mainstream financial reporting.
Crypto
The cross-chain trading network Maya Protocol has been targeted in a significant exploit, resulting in the drainage of crypto assets and a temporary halt to its operations. The incident, attributed to a chain of six software vulnerabilities, led to a substantial drop in the value of its native CACAO token.
Crypto
Bitcoin's price climbed above $64,000, bucking a trend of decline among most major cryptocurrencies. This surge coincides with a notable shift by crypto miners, who have reportedly reduced their computing power by a fifth over the past three quarters to reallocate resources towards artificial intelligence operations.
Crypto
XRP, the cryptocurrency associated with Ripple, has seen its price fall below $1 for the first time in 2024, despite a new partnership between Ripple and South Korea's Jeonbuk Bank for cross-border payment services. The market's reaction suggests uncertainty regarding whether XRP will be utilized in the bank's new system.
Crypto
Leading financial institutions, including JPMorgan and Israel's Bank Leumi, are significantly expanding their engagement with cryptocurrencies, signaling a growing integration of digital assets into mainstream finance. JPMorgan is now accepting Bitcoin as collateral for loans, while Bank Leumi is set to enable crypto trading for its clientele.
Crypto
The bitcoin futures market is experiencing a significant surge in open interest, reaching approximately $48 billion, which is raising concerns about potential liquidity issues and market stability. This imbalance between open interest and trading volume could lead to a rapid liquidation-driven selloff if price movements become volatile.