UK central bank leader reassures cash’s place with rising Britcoin
Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.”…
Vitalik Buterin says The Purge can help reduce Ethereum’s complexity and storage requirements
One of the problems of Ethereum, or any blockchain, is that it grows in size over time. This means an increase in the complexity of its code and its storage requirements. A blockchain must retain all the data throughout its…
Solana registers new all-time high in daily transaction-related fees
Transaction-related fees on Solana (SOL) surpassed $11 million on Oct. 24, marking a new all-time high, according to Blockworks Research data. The metric is called “real economic value” (REV), which includes transaction fees and MEV tips for validators. Solana has…
Tether CEO dismisses report of ongoing federal probe in the US
Satoshi Action Fund seeks to replicate cannabis industry with ‘safe haven’ states for Bitcoin custody Adoption 8 hours ago Drawing on historical movements for state-level advocacy, the fund aims to proactively safeguard Bitcoin user rights before federal legislation.
TeraWulf stock tumbles 7% amid $425 million convertible notes announcement
Bitcoin (BTC) mining firm TeraWulf Inc. WULF stocks fell over 7% to $5.84 following the firm’s announcement of a $425 million offering of 2.75% convertible senior notes due in 2030. VanEck head of digital assets research Matthew Sigel highlighted that WULF…
Coinbase CEO Brian Armstrong offers AI agent Truth Terminal its own crypto wallet
Coinbase CEO Brian Armstrong has offered to establish a dedicated crypto wallet for Truth Terminal, an AI agent that has recently gained fame within the crypto community. On Oct. 23, Armstrong inquired whether Truth Terminal would be interested in obtaining…
GameFi set to leap to $301 billion by 2030 with real-world rewards – Nansen
The blockchain gaming (GameFi) ecosystem is entering a pivotal phase of growth and is expected to hit a market cap of $301.5 billion by 2030, according to a recent report by blockchain analytics firm Nansen. The report said that growth…
Tesla holds firm on Bitcoin despite wallet shuffle
Tesla maintains its remaining Bitcoin holdings despite recent wallet transfers that triggered speculation of a potential sell-off, according to blockchain analytics platform Arkham Intelligence. In an Oct. 23 post on X (formerly Twitter), Arkham Intelligence clarified: “We believe that the…
Bitcoin miners combined $28 billion market cap potentially undervalued compared to BTC trading volumes
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides…
Pump.fun launches ‘Advanced’ terminal to rival Photon, confirms token launch
Solana-based memecoin launch platform Pump.fun teased a new token and potential airdrop following its most successful week to date. The announcement was made during a Twitter Spaces event introducing Pump Advanced, the platform’s latest trading terminal designed to compete with…
Global regulators discussing ways to ‘eliminate’ Bitcoin highlights cracks in fiat system
Global regulators have intensified their efforts against Bitcoin, with researchers from the Federal Reserve Bank of Minneapolis and economists at the European Central Bank (ECB) making bold recommendations to “eliminate” the leading crypto. Feds proposes Bitcoin ban On Oct. 17,…
Vitalik Buterin lays down roadmap to minimize centralization risk in Ethereum POS design
Ethereum co-founder Vitalik Buterin believes that the centralization of proof-of-stake (POS) poses a significant threat to Ethereum. POS centralization is where large stakers dominate and small stakers join large pools. Centralization increases the risk of problems like 51% attacks and…
Understanding and managing economic risks in DeFi
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. Economic risks have led to nearly $60 billion in losses across DeFi protocols. While this number may seem high, it only reflects losses at the protocol level….
Post halving, Bitcoin miners are choosing between hodling BTC and upgrading to AI
After the Bitcoin halving took place in April, major Bitcoin miners have increasingly started choosing one of two strategies — either hodl the BTC they mine or gear up with artificial intelligence (AI). The BTC halving slashes the earings of…
Institutional demand and rising ETP flows signal Bitcoin breakout – VanEck
Bitcoin (BTC) is set for a potential breakout as increasing institutional investment, growing miner holdings, and rising exchange-traded product (ETP) flows signal mounting demand, according to VanEck’s latest Bitcoin ChainCheck report. The report also highlighted that the growing influence of institutional…
The rise of crypto neobanks: Nikolai Denisenko on Brighty’s mission
In a recent episode of the SlateCast, Nikolay Denisenko, Co-Founder and CTO of Brighty App, joined CryptoSlate‘s Senior Editor Liam “Akiba” Wright and CEO Nate Whitehill to discuss the evolving landscape of neobanks and their integration with cryptocurrency. Denisenko, a former lead backend engineer…
Ripple resolute as SEC does not appeal verdict XRP is not a security, focuses on exchange sales
Ripple said there are no surprises in the US Securities and Exchange Commission’s (SEC) last-minute Civil Appeal Pre-argument statement (Form C) filing in their ongoing legal battle. On Oct. 17, the SEC took further steps to appeal specific elements of…
Montenegro to finalize Do Kwon’s extradition fate by week’s end
Montenegro’s Justice Minister Bojan Božović confirmed that a decision had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs. According to local media reports on Oct. 17, the extradition process will be signed by the end…
Bitcoin open interest hit another all-time high adding 32,440 BTC in 7 days
Bitcoin’s open interest has reached another all-time high, with CME’s notional open interest closing at 179,745 BTC, according to Vetle Lunde, Head of Research at K33 Research. Open interest has grown by 32,440 BTC since Oct. 10, representing a 40%…
DeFi protocol Radiant Capital loses $48 million in second exploit this year
Multichain money market Radiant Capital has been exploited for at least $48 million in what is suspected to be an access control breach, according to early reports by security firm Hacken. The DeFi protocol’s native token RDNT crashed 7% following…
Autonomous AI agent amasses $500,000 in crypto after spurring memecoin movement
Truth Terminal, an AI agent developed by researcher Andy Ayrey, has indirectly prompted the creation of the GOAT memecoin, which reached a market capitalization of $290 million, up 128% over the past 24 hours. The AI’s autonomous tweets about the…
Kraken integrates EigenLayer to simplify Ethereum restaking for broader audience
Crypto exchange Kraken announced its successful integration with EigenLayer, enabling its users to restake Ethereum (ETH) directly from the platform, according to an Oct. 15 press release. The partnership aims to simplify restaking, making it more accessible to a broader…
Bitcoin poised for more upside after breaking $63,000 – Bitfinex
Bitcoin (BTC) could continue to rally as key on-chain metrics suggest that more upside is possible after clearing a critical resistance at $63,000, according to the latest edition of the “Bitfinex Alpha” report. Bitcoin hit a daily and local high…
Tether looking to diversify into commodities trading, other TradFi ventures
Tether Holdings, the issuer of the USDT stablecoin, is looking to expand beyond the crypto industry and explore new ventures in traditional finance (TradFi), including potentially lending to commodities trading firms, Bloomberg News reported on Oct. 14, citing CEO Paolo…
Sonic Labs founder argues L2s as appchains are not logical for builders
Sonic Labs (formerly Fantom) cofounder Andre Cronje believes that developers should avoid using layer 2 (L2) app chains. Appchains are customized L2 blockchains designed to meet an application’s specific needs. In an X post, Cronje listed several disadvantages hindering the…
The success of DePIN is in all of our pockets
The following is a guest post from J.D. Seraphine, Founder and CEO at Raiinmaker. In an era where technology advancements continuously reshape the landscape of our daily lives, mobile devices have emerged as an integral tool for driving connectivity. Growing…
Can lawmakers regulate untraceable transactions?
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Privacy coins, or cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability, are at the heart of a brewing battle between personal financial freedom and…
How TON-based games and crypto airdrops are attracting millions of users
The following is a guest post from Yaniv Baruch, COO at Playnance. Blockchain gaming recently hit a record high of 4.2 million daily active users, according to a DappRadar report. The GameFi industry is seeing an unprecedented surge in new…
ETC Group advises holding Ethereum, Solana, and Aptos through market shifts
ETC Group advised investors to hold Ethereum (ETH), Solana (SOL), and Aptos (APT) due to their strategic importance in the layer-1 blockchain space in an Oct. 8 report. As Ethereum faces mounting competition from newer blockchains, the report highlighted the…
People’s Bank of China reports significant growth in CBDC adoption
The People’s Bank of China (PBOC) reported a significant growth in the adoption of its central bank digital currency (CBDC), the digital yuan, with 180 million individual wallets opened as of July 31, local media reported on Oct. 11. The…
Hoskinson addresses ‘negative sentiment’ around Cardano, cites governance shift
Input Output CEO Charles Hoskinson addressed the recent negative sentiment about Cardano’s future, attributing the criticism to the impact of its new governance framework, Voltaire. In a series of statements on social media, Hoskinson explained that the heightened negativity is…
SEC charges Cumberland DRW for unregistered securities trading in $2B case
The Securities and Exchange Commission (SEC) charged Chicago-based crypto market maker Cumberland DRW for allegedly operating as an unregistered securities dealer on Oct. 10. According to the SEC’s complaint, Cumberland has traded over $2 billion in crypto classified as securities…
Dapps see 70% surge in usage to hit record activity levels during Q3
Decentralized applications (dApp) registered a significant 70% surge in daily unique active wallets (UAW) between the second and third quarters, reaching an all-time high of 17.2 million, according to DappRadar’s third-quarter report. Applications tied to artificial intelligence (AI) emerged as…
OpenAI files motion to dismiss Elon Musk lawsuit over ‘baseless’ claims
OpenAI filed a motion to dismiss Elon Musk’s high-profile lawsuit, which accused the firm of breaching contracts, engaging in fraud, and violating racketeering laws. The motion, filed in the US District Court for the Northern District of California, argues that…
VanEck portfolio manager says crypto projects should emulate key memecoin traits
VanEck portfolio manager Pranav Kanade highlighted that memecoins have four key aspects that all teams building in crypto should mimic. Kanade made the comments on social media in response to the Token2049 panel by Murad Mahmudov on his pivot to memecoins…
StanChart believes Solana will outperform Bitcoin, Ethereum under Trump administration
Standard Chartered’s latest research reveals that Solana (SOL) could see substantial valuation growth if former President Donald Trump wins the election against Vice President Kamala Harris. According to the report, a Trump administration would be more favorable for Solana’s rise…
Privacy tokens reach highest delisting rate in 2024 — Kaiko
Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash Exchanges 4 years ago Bittrex announced on Dec. 29 that its exchange will be removing the U.S. markets for the three of the biggest privacy…
Texas town Rockdale’s Mayor credits Bitcoin for economic turnaround
Ward Roddam, the Mayor of Rockdale, Texas, has highlighted Bitcoin’s crucial role in revitalizing the town’s economy. In an Oct. 7 op-ed, Roddam explained that the world is nearing a new economic era driven by what he calls the “digital…
Achieving true final settlement in Bitcoin
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. In the digital age, financial privacy has become a pressing issue because surveillance is ingrained in all electronic transactions. Each one generates bits that can…
Web3 charts a challenging course on the long road to mass adoption
The following is a guest post by Greg Waisman, Co-founder and COO at Mercuryo. Over the last few years, Web3 has been receiving a lot of talk. Promises of a decentralized internet where users control their money and data have…
Building Web3 culture in Ukraine: Rostyslav Bortman’s mission
Rostyslav Bortman is Head of Blockchain Development at IdeaSoft and founder of ETHKyiv Community. He is one of the main faces of the global and Ukrainian Web3 development and a driving force behind crypto community development. He has developed many…
Why Ethereum’s next step is zero-knowledge
The following is a guest post by Rob Viglione, CEO of Horizen Labs. In the past year, there have been some major milestones along the Ethereum roadmap that have leveled up the network. EIP-4844 (aka Dencun) introduced blobs and proto-danksharding,…
EIGEN Layer assures users infrastructure is secure after investor loses $6M in email hack
EIGENLayer reassured its community that the platform’s infrastructure and onchain protocol remain secure after an investor lost EIGEN tokens worth roughly $6 million in an isolated email compromise on Oct. 4. A malicious actor stole 1,673,645 EIGEN tokens by infiltrating…
VanEck optimistic on Bitcoin’s momentum in Q4 but wary of Ethereum’s struggles
VanEck remains optimistic about Bitcoin’s outlook heading into the fourth quarter, citing strong macroeconomic support and institutional inflows while expressing concerns over Ethereum’s ongoing struggles with market share and declining fee generation. According to the firm’s September recap report, Bitcoin surged…
Crypto startups secure $691 million in venture capital during September
Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million…
Polymarket trading volume, users surge amid US election anticipation, Middle East tensions
Blockchain-based prediction platform Polymarket reached new heights in September, reporting $533.51 million in trading volume as anticipation builds for the 2024 US presidential election and major geopolitical events unfold in the Middle East. The platform’s September volume increased by $61.51…
Tokenized funds get preliminary approval to be used as collateral in the US
A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for traditional financial operations. As reported by Bloomberg on Oct. 2 citing an anonymous…
Stablecoins, DeFi boost Nigeria to second in global crypto adoption rankings – Chainalysis
Nigeria has emerged as the second-largest adopter of crypto worldwide, cementing its position as a leader in digital finance, according to Chainalysis’ upcoming report. The ranking illustrates Nigeria’s rapidly expanding crypto ecosystem, where everyday transactions, remittances, and business payments increasingly…
Hut 8 pays off Anchorage loan, eyes further AI expansion
Hut 8 Corp., one of North America’s largest Bitcoin miners, has announced that Anchorage Digital has converted the remaining $38 million of its outstanding loan into common shares. The conversion was completed at $16.395 per share, representing a 51% premium…
UK believes trial to embrace digital securities can protect ‘market integrity’
The UK’s Financial Conduct Authority (FCA) and the Bank of England have officially launched the next phase of their Digital Securities Sandbox (DSS), enabling firms to explore distributed ledger technology (DLT) and tokenized securities within traditional financial markets. The DSS,…
Bitcoin’s price surge draws interest from ‘nocoiners’ but ownership stagnant – Fed survey
A growing number of Americans who do not own cryptocurrency are expressing interest in making future purchases, even as overall ownership rates decline, according to a new report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI). The…
Ohio senator introduces bill to legalize Bitcoin, crypto payments for state taxes, fees
Ohio State Senator Niraj Antani introduced legislation aiming to legalize Bitcoin (BTC) and other crypto payments for taxes and fees in the state of Ohio and its local political subdivisions. The bill — introduced on Sept. 30 — permits Ohioans…
Bitcoin climbs to $66,000, marking best September performance in history
Bitcoin (BTC) surged past $66,000 on Sept. 27 as New York opened for trading, reaching a two-month high to record its best September performance on record. The rally comes amid economic stimulus measures in China and the US Federal Reserve…
Cantor Fitzgerald CEO says Bitcoin should be treated as a commodity like gold and oil
Cantor Fitzgerald CEO Howard Lutnick called on regulators to treat Bitcoin (BTC) like gold and oil because it is a commodity. Lutnick made the statement during an appearance on Fox Business show “Mornings with Maria” on Sept. 27, where he…
Bolivian crypto transactions soar after lifting Bitcoin ban
According to a report from the Central Bank of Bolivia (BCB), virtual asset transactions in Bolivia more than doubled in the last three months after the country lifted its ban on Bitcoin in June. Between July and September, the average…
Senator Lummis predicts SEC Chair Gensler will step down next year if Trump is elected
Wyoming Senator Cynthia Lummis believes that SEC Chair Gary Gensler is likely to step down from his role as the regulator’s head next year. She made the statement during CNBC’s Squawk Box on Sept. 27 in response to the hosts…
Mango DAO, Blockworks Foundation settle SEC charges for $700K, agree to delist MNGO
The US Securities and Exchange Commission (SEC) settled charges against Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation on Sept. 27. The watchdog had accused both entities of selling unregistered securities following Mango Markets’ $100 million exploit in…
US Judge rules software code does not qualify as free speech in Tornado Cash case
A US judge has ruled that software code used in crypto protocols like Tornado Cash does not qualify for First Amendment protection, rejecting arguments that deploying such code is protected as free speech. The decision, delivered by Judge Katherine Polk…
Guggenheim issues $20 million worth of tokenized commercial paper on Ethereum
Guggenheim Treasury Securities (GTS), a subsidiary of financial consulting firm Guggenheim Capital, has issued $20 million worth of Digital Commercial Paper (DCP) on Ethereum. The DCP received a P-1 credit rating from Moody’s. According to a Sept. 26 statement, Guggenheim…
South Korea levies $860K fine on Worldcoin for compliance failures related to data collection
South Korea’s Personal Information Protection Commission (PIPC) imposed a collective fine of KRW 1.14 billion ($861,408) on Worldcoin and its affiliate Tools for Humanity (TFH) for failures related to disclosure requirements, according to a Sept. 25 press release. The regulator…
Analysts remain divided on Q4 outlook despite Bitcoin rally following rate cuts
Bitcoin (BTC) is up 5.4% over the past seven days, fueled by the US Federal Reserve’s 50 basis point interest rate cut. However, industry analysts are still divided on the direction Bitcoin will take in the coming weeks of the…
Open source Zero Knowledge Proofs now available on Bitcoin via BitSNARK
BitcoinOS (BOS) has open-sourced BitSNARK, a zero-knowledge proof (ZKP) verification protocol enabling zk-SNARKs to operate on the blockchain without altering its core protocol. This development introduces one of the first working ZKP systems on Bitcoin’s mainnet, potentially transforming its privacy,…
SEC charges and settles with TrueCoin, TrustToken over fraudulent TrueUSD claims
The US Securities and Exchange Commission (SEC) has charged TrueCoin and TrustToken with fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin, and lying about its backing, according to a Sept. 24 statement. TrueCoin and TrustToken agreed…
Kraken expands European foothold with Dutch crypto broker acquisition
Kraken has announced its acquisition of Coin Meester (BCM), one of the Netherlands’ oldest registered crypto brokers, according to a Sept. 24 statement. This move aims to strengthen Kraken’s presence in the Dutch market and also expand its business reach…
AI tokens lead weekly gains after Fed’s interest rate cut
Artificial intelligence (AI) tokens are leading the weekly gains in crypto, registering an average return of 37% over the past seven days, according to Artemis’ data. The performance shown by AI tokens is more than double the market’s 15.9% average…
Swiss crypto bank Sygnum secures license in Liechtenstein for EU expansion
Swiss crypto banking group Sygnum told CryptoSlate that it has secured a crypto license in Liechtenstein via its local subsidiary. According to a Sept. 23 statement, the firm said its Liechtenstein subsidiary Sygnum Europe AG had been registered with the…
VanEck reports surge in Bitcoin interest amid growing institutional, sovereign adoption
VanEck said interest in Bitcoin (BTC) is significantly higher than 12 months ago as institutions and nations continue to push for adoption. According to a Sept. 19 report, the key reasons behind this surge in interest include growing institutional adoption…
SEC won’t judge ‘merits’ of Trump’s DeFi project, but same regulatory issues await
Former President Donald Trump’s DeFi project, World Liberty Financial, will not be exempt from the stringent and opaque regulations imposed on US-based crypto ventures, according to SEC Commissioner Mark Uyeda. In an upcoming interview with Fox Business journalist Eleanor Terrett,…
What you need to know about Bitcoin staking
The following is a guest post by Vincent Maliepaard, Marketing Director at IntoTheBlock. When you first hear about Bitcoin staking, you might assume there’s a mistake, given Bitcoin’s Proof of Work (PoW) mechanism. However, Bitcoin staking is indeed a reality,…
Sky votes to remove Wrapped Bitcoin as collateral amid community concerns
Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept. 19. BA Labs, the former Risk Core Unit, was named stability advisor for the process. The entity…
Securitize taps Wormhole to boost cross-chain tokenization for institutional assets
Securitize has partnered with Wormhole Foundation to enable cross-chain interoperability for all assets tokenized on its platform, according to a Sept. 20 announcement. The partnership will make Wormhole the official blockchain interoperability provider for Securitize’s current and future tokenized assets,…
Merging decentralized technology with animal welfare
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › DogLibre, founded by Lee Lin Liew, represents an innovative fusion of blockchain with a mission-driven purpose: to improve the lives of…
Terraform Labs secures court approval to wind-down operations after settling with SEC
Terraform Labs received court approval to wind down its operations in bankruptcy after settling a US Securities and Exchange Commission (SEC) lawsuit, Reuters reported Sept. 19. US Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan in Wilmington, Delaware, calling it…
Bitmain’s new 860TH/s liquid cooled rack mounted Bitcoin miner built alongside Hut 8
Hut 8 and Bitmain have announced the launch of the Antminer U3S21EXPH, an ASIC miner featuring direct liquid-to-chip cooling within a U form factor. Hut 8 plans to deploy this model in the second quarter of 2025 through a hosting…
Bitcoin holds above $60k amid heavy volatility after FOMC confirms 50bp rate cut
Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years…
Bitcoin should be at $83,883 by 2020 standards, $696k scaled to 2012 growth
Bitcoin’s price is lagging behind previous halving cycles, according to recent data from Halving Tracker. At 151 days after the 2024 halving, Bitcoin stands around $59,800, significantly lower than scaled prices from past cycles. Comparative figures show that at the…
Bitwise CIO likens Ethereum to Microsoft, bets on underappreciated dominance despite bearish sentiment
Bitwise Chief Investment Officer Matt Hougan believes that Ethereum to tech giant Microsoft in a recent memo, asserting that the blockchain giant’s foundational role in the ecosystem is being underestimated amid current bearish sentiment. In the memo titled “A Contrarian…
Bitcoin exchange reserves drop to 2018 levels
The number of Bitcoin held on exchanges significantly declined in September, dropping to levels last seen in mid-November 2018. Since the beginning of the month, Bitcoin exchange reserves have dropped from approximately 2.62 million BTC to 2.58 million BTC. This…
MicroStrategy to issues another $700 million in senior notes to continue Bitcoin acquisitions
MicroStrategy Incorporated announced plans to privately offer $700 million worth of convertible senior notes due 2028, subject to market conditions, according to a Sept. 16 press release. The company also expects to grant an option to purchase an additional $105…
Bitcoin transactions plummet by over 50% in a week
There has been a notable drop in the total number of Bitcoin transactions in the past week. Between Sept. 8 and Sept. 11, it decreased from 909,000 to 412,000, showing a market cooldown. This sharp decline aligns with a noticeable…
Tether eyes enhanced government relations after UK deems USDT a distinct property
Tether is working to improve its relations with regulators following the recognition of its USDT stablecoin as property in the UK. On Sept. 13, Tether announced that it hired Jesse Spiro to spearhead its global engagement efforts with lawmakers, regulators,…
Crypto custody is a growing market that could flourish if Trump wins
Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is considered to be a crucial but fairly straightforward job. The…
Circle CEO claims US is on the path to becoming the “decisive leader” in crypto
The U.S. is at a “turning point” in crypto, and about to become “THE decisive leader” in nurturing the technology, Jeremy Allaire, CEO of stablecoin issuer Circle, wrote in an X post on Friday. Allaire said that several people “complain”…
SBF files appeal seeking to reverse conviction over allegations of judicial bias
Sam Bankman-Fried (SBF), co-founder of the collapsed crypto exchange FTX, has filed an appeal challenging his fraud conviction on Sept. 13, arguing that the trial was tainted by judicial bias and procedural errors. The appeal, submitted to the Second Circuit…
92% of Bitcoin exchange inflows come from short-term holders
Available exclusively via Bitcoin’s historical performance: September dips and year-end rallies Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into Bitcoin’s historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess…
MicroStrategy buys $1.1 billion in Bitcoin amid market volatility
MicroStrategy acquired approximately 18,300 Bitcoin for $1.1 billion between Aug. 6 and Sept. 12 at an average price of $60,408 per BTC, according to a Sept. 13 filing with the US Securities and Exchange Commission (SEC). Coinflip data shows the…
US lawmaker proposes joint CFTC-SEC committee to unify digital asset regulations
Congressman John Rose has proposed a new bill to streamline digital asset regulations by creating a Joint Advisory Committee co-managed by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The BRIDGE Digital Assets Act, introduced…
Coinbase’s cbBTC launches seeking DeFi boom on Base and Ethereum
Coinbase has officially launched its wrapped Bitcoin token, cbBTC, on its layer-2 network, Base, and Ethereum mainnet, according to a Sept. 12 statement. The new product comes around a month after Coinbase teased it on the social media platform X….
Hoskinson debunks locked Cardano staking claims amid new network milestones
Cardano founder Charles Hoskinson has dismissed the “lies and misinformation” surrounding the network’s staking operations. In a Sept. 11 post on X, Hoskinson expressed frustration over the spread of misinformation about ADA, noting that the network does not lock its…
Singapore probes illegal trading of Worldcoin accounts and tokens
Singapore’s Deputy Prime Minister Gan Kim Yong announced that authorities are investigating seven individuals suspected of illegally buying and selling Worldcoin accounts and tokens, as per a statement on Sept. 9. Yong, who also chairs the Monetary Authority of Singapore…
Bitwise CIO highlights rapid adoption of Bitcoin ETFs by advisors
Bitwise Chief Information Officer (CIO) Matt Hougan asserted that investment advisors are adopting spot Bitcoin (BTC) exchange-traded funds (ETFs) faster than any other ETF launched in recent history. Hougan made the statement in response to a Sept. 8 social media…
Discover Seamless and Safe Trading with Maestro
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Maestro is an innovative project in the world of cryptocurrency. As the crypto market continues to grow and change, there is…
Musk denies that Tesla will license xAI’s technology in exchange for revenue-sharing
Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which…
VanEck shifts focus to spot Ethereum ETF, phases out futures fund EFUT
Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited performance, liquidity, assets under management (AUM), and investor interest as factors behind its decision. The…
Telegram might be an unencrypted treasure trove of data and Pavel Durov might just be a geopolitical pawn
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a four-day interrogation related–publicly at least–to the existence of illegal activity on his app, including child…
Bitcoin recovery trends show steady growth amid declining volatility
Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends. Notably, the 2011 to 2015 cycle saw a sharp rise…
Indian regulators to clear offshore crypto exchanges after strict AML review
India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML)…
Bitcoin derivatives climb to 28% of liquid supply
Quick Take The paper gold market, which includes gold derivatives such as futures, options, and ETFs, is significantly larger than the physical gold market. Estimates suggest that the paper gold market could be at least ten times bigger than the…
PixelRealm taps Neon EVM to bring Ethereum games to Solana
PixelRealm, a Web3 gaming ecosystem, has partnered with Neon EVM to enable Ethereum-based games on Solana without the necessity of recoding. This means that developers can deploy existing Ethereum codebases on Solana, reducing development time and costs. The partnership comes…
Monochrome pushes for Ethereum ETF on Cboe Australia
Monochrome Asset Management has filed to list an Ethereum exchange-traded fund (ETF) on Cboe Australia under the ticker IETH, as announced on Sept. 5. The ETF aims to offer retail investors a regulated way to gain exposure to Ethereum. It…
Nigerian court defers bail for ailing Binance executive to October
A Nigerian court has postponed the decision on the bail application for detained Binance executive Tigran Gambaryan until Oct. 9. Judge Emeka Nwite issued the ruling on Sept. 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting…
Nvidia shares nosedive, erasing market value close to Ethereum’s entire market cap
Quick Take Nvidia shares fell by 9.5% yesterday, resulting in an approximate $253 billion loss in market value, marking the largest one-day market cap decline for an SPX stock, according to Michael Brown, Senior Research Strategist at Pepperstone FX. To…
Grayscale unlock hindered Ethereum ETFs but inflows suggest brighter future
The US-traded spot Ethereum (ETH) exchange-traded funds (ETFs) registered $476 million in negative net flows during the first month of trading, failing to overcome the outflows stemming from the unlock of Grayscale’s ETHE. Bloomberg senior ETF analyst Eric Balchunas the…
Ethereum DeFi ecosystem suffers contraction, TVL down to $47 billion in 2024
Quick Take The total value locked (TVL) in Ethereum’s DeFi ecosystem stands at $47 billion in 2024, a decrease from its peak of $66 billion earlier this year, according to Glassnode. This marks a stark contrast to the peak of…
Long-term Bitcoin holders display strategic patience amid 2024 price rallies
Onchain Highlights DEFINITION: The total amount of coins that return to circulation after being untouched for at least one year. In other words, it is the total transfer volume of coins previously dormant for 1+ years. Bitcoin’s revived supply, which…
Hoskinson hails Cardano’s Chang hard fork as ‘dwarfing’ Bitcoin
On Sept. 1, the Cardano blockchain completed the first phase of its Chang hard fork, signaling a new era of decentralized governance for the network. The upgrade is a significant achievement for Cardano, marking a pivotal step toward fulfilling its…
Restoring trust and equity in the digital age through decentralized AI
The following is a guest post by Jiahao Sun, the CEO of FLock.io. In recent years, the promise of AI has captivated our collective imagination – conjuring visions of a future where machines enhance our daily lives in the most…
X goes dark in Brazil as tensions between Musk and Judge escalate
Alexandre de Moraes, a Supreme Court judge, ordered the “immediate and complete suspension” of social media platform X in Brazil, the BBC reported on Aug 31. The judge directed the country’s telecom agency to block access to X, causing the…
Coinbase conducts its first AI-to-AI crypto transaction
Crypto exchange Coinbase witnessed its first crypto transaction between artificial intelligence (AI) bots on Aug 30, CEO Brian Armstrong announced in a post on X. He explained that one large language model (LLM) used crypto tokens to buy AI tokens…
Bitcoin’s hash rate stabilizes at historic highs post-halving, signaling strong miner confidence
Onchain Highlights DEFINITION: The average estimated number of hashes per second produced by the miners in the network. Bitcoin’s mean hash rate has demonstrated consistent growth over the past year, with significant increases observed in 2024. Historically, the hash rate…
Ethereum Foundation disburses $8.5M in grants for Q2, backing 98 projects
The Ethereum Foundation Ecosystem Support Program (EFESP) allocated a total of roughly $8.5 million to support 98 projects, according to the foundation’s inaugural grants allocation report published on Aug. 30. Although the report breaks down the projects by type, recipient,…
Bitcoin’s realized volatility in August reaches highest level in over a year
Onchain Highlights DEFINITION: Realized volatility is the standard deviation of returns from the mean return of a market. High values in realized volatility indicate a phase of high risk in that market. It is measured on log returns over a fixed…
Ethereum ETFs show positive flows after 9-day losing streak
Spot Ethereum (ETH) exchange-traded funds (ETFs) in the US registered $5.9 million in net inflows on Aug. 28 after nine consecutive days of outflows, based on Farside Investors data. Grayscale Ethereum Trust (ETHE) registered $3.8 million in outflows yesterday, the…
Uniform trajectory in Bitcoin futures suggests stable market expectations across major exchanges
Available exclusively via The unlikely reality of Bitcoin as a reserve currency Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.
Democrat lawmaker blasts SEC’s ‘blatant abuse of power’ over crypto enforcement
Congressman Wiley Nickel (D-NC) has voiced strong criticism against the US Securities and Exchange Commission (SEC), accusing the agency of undermining trust in the regulatory system because of its “regulation by enforcement” approach. In a recent social media post, Nickel…
Bitcoin’s millionaire addresses rise and fall with market dynamics
Available exclusively via The unlikely reality of Bitcoin as a reserve currency Andjela Radmilac · 3 days ago CryptoSlate’s latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.
WazirX CEO advises withdrawals amid ownership dispute and hack aftermath
WazirX co-founder and CEO Nischal Shetty clarified some of the growing concerns around the exchange’s operations and ownership following the recent $235 million hack. In response to questions on social media, Shetty disclosed that he is still operating the exchange…
US government disputes ex-FTX exec Ryan Salame’s bid to undo guilty plea
The US government has pushed back against former FTX executive Ryan Salame’s attempt to void his guilty plea, which he claims was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. In a recent filing,…
Vitalik Buterin praises Polymarket as platform smashes growth records
Web3 prediction platform Polymarket is experiencing unprecedented growth, fueled largely by the upcoming 2024 US presidential election. The platform has already achieved its highest trading volumes and user participation to date this month, solidifying its status as a significant player…
Is France’s crypto je ne sais quoi no more?
Over the last decade, France has established itself as the ideal base for the world’s largest crypto businesses. Binance, Crypto.com and stablecoin issuer Circle all have made Paris their European headquarters. But in the aftermath of the French elections, coupled…
WazirX says external parties are attempting to prolong its restructuring efforts
Indian cryptocurrency exchange WazirX said external parties not invested in the platform may try to prolong its restructuring process for their gains. In a post on X, the exchange said these parties intend to create and maintain “uncertainty” rather than…
EU’s fragmented AI regulatory framework is hampering innovation: Meta and Spotify CEOs
The European Union’s “fragmented regulatory structure” is stifling artificial intelligence (AI) innovation, Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek said in a joint statement published on Friday. The two tech leaders added that the EU’s AI regulatory framework…
Polygon regains access to Discord server following security breach
Polygon suffered a security breach today as hackers took over its community Discord channel for approximately three hours. The breach, which led to scammers infiltrating the channel and targeting users, has now been resolved. Mudit Gupta, Polygon’s Chief Information Security…
Bitcoin accumulation addresses see steady rise
Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds. Exchange addresses and addresses receiving from coinbase transactions (miner addresses) are discarded. To…
WazirX to resume phased fiat withdrawals after $235M hack
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to a cyberattack, according to an Aug. 23 press release. The July 18 hack resulted in…
Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day
Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively…
India gears up for sweeping crypto regulations with new consultation paper
The Indian government is preparing to introduce comprehensive regulations for the crypto sector, local media reported on Aug. 22. Sources familiar with the matter said the first step of the plan is to release a consultation paper in the coming…
Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses
Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen report published on Aug. 21. The report highlighted that this amount represents almost half of…
Vitalik Buterin urges pluralistic approach to governance, moving past cypherpunk origins
Ethereum co-founder Vitalik Buterin called for a fundamental shift in how the crypto community approaches governance. In an Aug. 21 blog post, Buterin advocated for a “plurality philosophy” that he believes is essential for managing the evolving landscape of blockchains,…
Grayscale outflows overshadow Ethereum ETF inflows
The launch of spot Ethereum ETFs has yet to live up to the market’s initial optimism, as reflected in their performance over the past few weeks. The Ethereum ETFs’ total on-chain holdings currently stand at approximately 2.81 million ETH, valued…
Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k
Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market. The flagship crypto slid over 3% in an hour, giving up almost all of its…
Kaiko believes tokenized treasuries will retain appeal amid expected Fed rate cuts
Research firm Kaiko believes that tokenized Treasuries will continue to attract investors, even in the face of anticipated US Federal Reserve rate cuts, which can often diminish the appeal of fixed-income assets. According to the firm’s second-quarter market report, interest…
Nigerian lawmakers eye economic boost through crypto taxation
The Nigerian Federal Inland Revenue Service (FIRS) plans to introduce legislation to tax the growing crypto sector, according to local media outlet Business Day. FIRS Executive Chairman Zacch Adedeji announced this during a session with the National Assembly’s Finance Committees,…
Bitcoin miner exchange transfers sharply decline in 2024
Onchain Highlights DEFINITION: The total amount of coins transferred from miners to exchange wallets. Bitcoin miners have reduced their transfer activity to exchanges significantly in 2024, as illustrated by the decline in the orange line on the chart. This trend…
Heightened Bitcoin volatility post-halving reflects speculative trading trends
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 5 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto…
Bitcoin mining is in peril, but Trump can save it by keeping this campaign promise
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Bitcoin miner centralization threatens Bitcoin, but former President Donald Trump’s pledge to slash energy prices can ensure its decentralization. Bitcoin mining pools, the majority of Bitcoin mining…
Franklin Templeton files S-1 application for crypto index ETF offering BTC, ETH exposure
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 5 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto…
Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases
Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of…
Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans
MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to…
LiFi integrates ThorChain for seamless Bitcoin swaps across EVM chains
LI.FI, a cross-chain liquidity provider, has announced its support for native Bitcoin swaps through ThorChain, according to an Aug. 14 statement shared with CryptoSlate. This integration, facilitated by SwapKit, enhances Bitcoin transfers between Ethereum Virtual Machine (EVM) chains and simplifies…
Phantom wallet resolves balance display bug after user concerns
Phantom, a leading crypto wallet provider in the Solana ecosystem, recently addressed a bug affecting account balance visibility. On Aug. 15, several users reported issues with their applications, including missing or incorrect token balances. This led to concerns about potential…
Ethereum’s funding rates and price decline point to bearish shift
Onchain Highlights DEFINITION:The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is positive, long positions periodically pay short positions. Conversely, when the rate is negative, short positions periodically pay long positions. Ethereum’s perpetual…
Bitcoin market cautious as longs and shorts balance out
Bitcoin’s drop to below $50,000 on Aug. 5 marked the largest drawdown in the current cycle, resulting in substantial profit losses and liquidations. And while BTC has shown solid signs of recovery since then, consolidating around $60,000, the market still…
Bitcoin’s market dominance shows stable upward trend in 2024 despite market volatility
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 2 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto…
Board changes at Bitfarms amid revenue drop and Riot’s hostile takeover efforts
Bitfarms co-founder and chairman Nicolas Bonta is stepping down from the board immediately amid the ongoing fight against Riot Platforms‘ hostile takeover bid, according to an Aug. 13 statement. Bonta is one of three board members Riot aims to replace…
SunPump Beta Launches on TRON, Driving Innovation in Meme Coin Development
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Singapore, August 13, 2024 – SUN.io, a leading DeFi platform on TRON, is thrilled to announce the launch of SunPump Beta,…
Family fears for detained Binance exec’s declining health in Nigeria
The family of Tigran Gambaryan, the Binance executive detained in Nigeria, reported that he is being denied proper access to his legal team, and his health is rapidly declining, according to an Aug. 12 statement shared with CryptoSlate. Gambaryan, who…
California’s Santa Monica city launches Bitcoin office to bolster adoption
The City of Santa Monica has officially launched a Bitcoin Office to enhance education and explore economic opportunities related to Bitcoin, further positioning itself as a leader in crypto innovation. The initiative, approved unanimously by the Santa Monica City Council…
Tether calls Celsius’ lawsuit “baseless” in response to Bitcoin liquidation dispute
Tether Limited, the issuer of the largest stablecoin USDT, has strongly dismissed a lawsuit filed by Celsius Network Limited. In a press release on Saturday, Tether accused the defunct crypto lender of attempting to shift blame for its financial woes,…
Tyler Winklevoss criticizes the Fed’s crackdown on Customers Bank
Crypto exchange Gemini co-founder Tyler Winklevoss called the “reset” of the crypto stance of Vice President Kamala Harris a “scam” in an X post on Friday, amid the Federal Reserve’s crackdown. Winklevoss’ post comes a day after he slammed Harris…
A symbiotic relationship for the digital age
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. When the Federal Reserve tampered with the money supply in 2020, by giving it a ~40% boost, everyone has been paying the cost of that…
Bitcoin’s Spent Output Profit Ratio shows volatility amid post-halving corrections
Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. Bitcoin’s Spent Output Profit…
Nigerian Bitcoin advocate challenges government restrictions in landmark lawsuit
Nigerian Bitcoin advocate James Otudor has filed legal actions against the African country government’s restrictions on the ownership, use, and trade of Bitcoin, Tether (USDT), and other cryptocurrencies, according to an Aug. 9 statement. Otudor stated: “This legal action represents…
Bitcoin volume in loss hit highest level since FTX collapse
In periods of extreme price volatility leading to massive losses across the market, it’s important to understand where most of these losses come from. While previous CryptoSlate analysis focused on the difference between the behavior of long-term and short-term holders,…
JP Morgan points to institutional Bitcoin optimism for resilient market
Quick Take Recent research shared by Matthew Sigel, Head of Digital Assets Research at VanEck, J.P. Morgan, highlighted several reasons institutional investors remain optimistic about Bitcoin. The research begins with a positive outlook, stating, “One can find several reasons for…
Bitcoin volatility slashes unrealized profits, STHs hit the hardest
Bitcoin’s extreme volatility this week has wiped out a significant amount of unrealized profits across the entire market. Data from Glassnode showed that on Aug. 1, over 85% of Bitcoin’s circulating supply was in profit, reflecting a stable and enduring…
Top Bitcoin miners boost July production by 10.9%, led by Marathon Digital
Quick Take Farside data shows that the top 11 Bitcoin mining companies, ranked by market capitalization, have announced their July miner production, showcasing a monthly increase of 10.9%, totaling 3,217 BTC. Leading the pack is Marathon Digital Holdings (MARA), which…
Bitcoin’s crash wipes out $5 billion in futures OI but options remain stable
This week’s crash has led to some of the highest losses we’ve seen since the collapse of FTX, wiping out billions from the crypto market. Bitcoin’s drop to below $50,000 dramatically affected the futures market, with futures open interest plunging…
Ronin Network hit by $9.85M exploit but RON token surges 11%
Ronin Network co-founder Aleksander Larsen announced that the Ethereum sidechain has been temporarily paused to investigate a potential Maximal Extractable Value (MEV) exploit. On Aug. 6, blockchain security firm Cyvers reported that an MEV bot siphoned 4,000 ETH, valued at…
Where are all the stablecoins?
The post Where are all the stablecoins? appeared first on CryptoSlate.
Bitcoin bounces back as BlackRock registers $1 billion in trading volume
Quick Take On Aug. 5, Bitcoin dropped to as low as $49,000, rebounded, then fell again. However, as the US market opened, the price of digital assets began to recover, reaching around $52,000. In parallel to Bitcoin’s market movements, BlackRock’s…
Bitcoin falls to $57k as market bleeds amid fears of recession, war
Bitcoin (BTC) fell below key support levels as markets continued to bleed over the weekend due to fears of an impending global recession and escalating tensions in the Middle East. The flagship crypto has fallen more than 8% since the…
Bitcoin’s price evolution post-halving: Examining five distinct epochs
Onchain Highlights DEFINITION: Bitcoin price performance since the halving against previous cycles. Bitcoin’s price performance since the most recent halving in April has followed a distinct trajectory compared to previous halving events. Observing the historical price patterns, each halving epoch demonstrates…
Kamala Harris must outline crypto strategy to counter Trump’s pro-Bitcoin influence, think tank says
Vice President Kamala Harris faces increasing pressure to clarify her stance on crypto as the 2024 election approaches or risk “ceding” the industry’s support to former President Donald Trump, according to a new think tank report. The report, published by…
Bitcoin’s 12-month dormant supply has fallen to 66% from 70% at the start of 2024
Onchain Highlights DEFINITION: The percent of circulating supply that has not moved in at least 1 year. Bitcoin’s supply last active over a year ago has shown a recent decline, reflecting market conditions and holder behavior shifts. The percentage of…
Polymarket traffic surpasses DeFi giants amid Trump-Harris election betting craze
Polymarket, a leading prediction market platform, has seen a significant spike in website traffic, outpacing prominent DeFi platforms like Uniswap, dYdX, Compound, and GMX. The surge is primarily driven by intense interest in betting on the US presidential election, particularly…
U.S. unemployment rate spike drives Treasury yields down and Bitcoin holds steady
Available exclusively via Bitcoin vs Ethereum ETFs: A detailed comparison of IBIT and ETHA Andjela Radmilac · 5 days ago CryptoSlate’s latest market report dives deep into the technical and practical differences between BlackRock’s IBIT and ETHA to explain how…
MicroStrategy stock surges over 4% despite Q2 net loss as Bitcoin holdings hit 226,500
MicroStrategy posted a net loss of $123 million for the second quarter, an improvement from the $137 million loss in the previous quarter. The company narrowed its quarterly losses on the back of lower impairment losses and a strategic increase…
Potential for Fed balance sheet to hit $17 trillion in future crises examined
Quick Take According to data from FRED, the Federal Reserve’s balance sheet has expanded significantly since 2002, growing from $720 billion to $7.2 trillion. This represents a Compound Annual Growth Rate (CAGR) of 11% over 22 years. Interestingly, a recent…
Riot Platforms posts $84.4 million loss in Q2 amid 52% decline in Bitcoin production
Bitcoin miner Riot Platforms reported a net loss of $84.4 million for the second quarter, compared to a net loss of $27.4 million during the same period last year. Despite the financial setback, the company reported $70.0 million in revenue…
Songadaymann sues SEC after using NFTs to sell songs he writes every day
Jonathan Mann, known for creating a song daily for over sixteen years, and conceptual artist Brian L. Frye have filed a lawsuit against the US Securities and Exchange Commission (SEC). The case centers on whether NFTs representing digital art, such…
SEC charges BitClout/Decentralized Social founder with civil securities, wire fraud
The US Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, currently known as Decentralized Social (DeSo). Al-Naji is accused of orchestrating a fraudulent scheme involving the unregistered offering and sale…
SEC seeks to amend Binance lawsuit to avoid ruling on SOL’s security status
The US Securities and Exchange Commission (SEC) is seeking to modify its ongoing lawsuit against Binance to avoid a court decision on the security status of third-party tokens like Solana. In a joint July 29 court filing, the SEC requested…
Solana overtakes Ethereum in weekly fee revenue for the first time
Solana surpassed Ethereum in total fees and MEV tips for the first time in a weekly timeframe since its launch. According to Blockworks Research, Solana generated approximately $25 million in revenue during the week of July 22, edging out Ethereum’s…
Bitcoin futures open interest reaches ATH
Available exclusively via Bitcoin vs Ethereum ETFs: A detailed comparison of IBIT and ETHA Andjela Radmilac · 19 hours ago CryptoSlate’s latest market report dives deep into the technical and practical differences between BlackRock’s IBIT and ETHA to explain how…
3 key takeaways from Donald Trump’s Bitcoin 2024 speech
Former President Donald Trump gave a speech at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday. He used his speech to highlight his crypto-related policies if re-elected and to woo crypto voters. At Trump’s promise to fire the Securities…
Lummis introduces legislation to establish 1 million Bitcoin strategic reserve for the US
Senator Cynthia Lummis introduced new legislation that aims to establish a Bitcoin strategic reserve for the US totaling at least 1 million BTC — 5% of the total supply. Lummis announced the new bill at the Bitcoin2024 conference on July…
Democrats urge Harris and DNC to select crypto-friendly Vice President, SEC Chair
A range of Democrat politicians wrote a letter to the Democratic National Committee (DNC) on Friday, urging the party to pivot away from its anti-crypto policies. In the letter shared by the vice president of research at Riot Platforms Pierre…
RFK Jr. vows to make Bitcoin strategic reserve asset, calls it corruption’s ‘greatest foe’
Presidential candidate Robert F. Kennedy Jr. pledged to sign an executive order on his first day in office if elected that would make Bitcoin a strategic reserve asset for the US. Addressing attendees at the Bitcoin2024 conference on July 26,…
Senator Hagerty says loving Bitcoin is in every American’s ‘DNA’ – praises Trump’s stance
US Senator Bill Hagerty passionately advocated for Bitcoin and the principles of decentralization during his speech at the Bitcoin2024 conference, highlighting the alignment of these values with American ideals of liberty and autonomy. Hagerty said during his appearance at the…
What will Trump say in his Bitcoin Conference 2024 keynote tomorrow?
Donald Trump is set to deliver a keynote address at the Bitcoin 2024 conference in Nashville on Saturday, July 27. This will mark the first appearance of a US presidential candidate at this major Bitcoin event, with Trump scheduled to…
OpenAI announces new SearchGPT prototype amid reports of looming financial woes
OpenAI announced the launch of its new SearchGPT prototype amid reports indicating the firm may face looming financial difficulties — potentially running out of cash within 12 months. SearchGPT aims to enhance AI search features by combining OpenAI’s advanced models…
Ethereum ETF net flows turn negative since launch as Bitcoin regains inflows
Yesterday, July 24, the Ethereum ETFs‘ second trading day saw mixed performance across various providers. Data from Farside Investors shows that BlackRock’s ETHA increased by $17.4 million, Fidelity’s FETH rose by $74.5 million, and 21 Shares’ CETH remained unchanged. VanEck’s…
VanEck predicts Bitcoin could hit $2.9 million by 2050 in ‘base case scenario’
VanEck outlined an ambitious scenario in which Bitcoin (BTC) could reach a staggering $2.9 million per coin by 2050 under a “base case scenario” in its latest research report. According to the report — authored by the firm’s head of…
US Election Crypto Prediction Market
Polymarket is a decentralized prediction market platform that operates using Polygon. Recently, it gained significant attention by enabling users to bet on the outcomes of US political elections, a practice primarily prohibited within the traditional US betting framework. The platform’s…
Lummis slams Biden’s ‘disastrous proposal’ to tax Bitcoin miners in ‘orange paper’
Senator Cynthia Lummis (R-WY) said the Biden administration’s to impose a 30% tax on Bitcoin miners is a “dangerous scheme” and an “attack on innovation.” She argued that such a high tax rate would stifle innovation and push mining operations…
Bitcoin ETFs see almost $1 billion in inflows since Friday ahead of Ethereum ETF launches
According to Farside data, Bitcoin ETFs experienced a notable surge in inflows on July 19, with a total net inflow of $427.2 million. Leading this inflow was BlackRock’s iShares Bitcoin Trust (IBIT), which recorded an impressive $116.2 million, marking a…
SEC issues final approval for spot Ethereum ETFs to begin trading on July 23
The SEC officially issued its final approval for spot Ethereum ETFs on July 22, with 21Shares and Bitwise webpages now live. The ETFs are scheduled to begin trading as US markets open at 09:30 Eastern Time on July 23. Bloomberg…
Foreign crypto firms might be the only losers under a second Trump presidency: Bloomberg
The crypto industry is holding its breath for a second Donald Trump presidency since the former president has vowed to end President Joe Biden’s ‘crusade against crypto.’ Trump’s odds of winning the U.S. elections in November have been on the…
The definitive guide to the modular blockchain stack
The following is a guest article from Erick de Moura, co-founder at Cartesi. Despite over a decade of evolution, traditional blockchains continue to grapple with the proverbial ‘blockchain trilemma’, balancing decentralization, security, and scalability. The bigger a blockchain gets –…
Big AI: A socio-economic rubicon crossing
The following is a guest post by John deVadoss, the co-founder at InterWork Alliance. The pundits expound on Artificial General Intelligence, the so-called AI Singularity, existential threats to humanity from AI, and more. A more pressing and urgent hazard that…
From right place, wrong time, to right place, right time
The following is a guest post from Vincent Chok, CEO of First Digital Group. On 21st July 2014, we witnessed the launch of the world’s first stablecoin, BitUSD. It was a powerful new concept to enter the market, offering the…
Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23
The Chicago Board Options Exchange (Cboe) issued listing notifications for five new spot Ethereum exchange-traded funds (ETFs) scheduled to begin trading on July 23 — confirming reports from earlier in the week. The notifications clarify that the funds are pending…
Jefferies believes Trump’s ‘overt’ support for Bitcoin will benefit crypto stocks, gold miners
Wall Street investment bank Jefferies analysts believe former President Donald Trump’s “overt support” for Bitcoin and crypto, combined with anticipated higher inflation, larger fiscal deficits, and political pressure on the Federal Reserve, could undermine the US dollar’s dominance as a…
Centralized global service outage downs planes, trains, banks, 911 services and TV channels
A widespread technical issue with CrowdStrike’s centralized software has led to a global outage affecting various sectors, including planes, railways, and media. The problem, which emerged on July 19, 2024, has caused Windows computers to display the Blue Screen of…
Basel Committee releases final disclosure framework for banks’ crypto exposures
The Basel Committee on Banking Supervision has officially released its final disclosure framework for banks’ crypto exposures and made targeted amendments to its cryptoasset standards to “tighten the criteria for certain stablecoins to receive a preferential regulatory treatment.” Both standards…
TradFi giant State Street looking to launch stablecoin, tokenized deposits
TradFi giant State Street Corp. is considering launching its own stablecoin and tokenized deposits in a bid to enhance its payment settlement capabilities using blockchain technology, Bloomberg News reported on July 17, citing sources familiar with the matter. Sources told…
Vitalik Buterin warns against supporting politicians solely based on their pro-crypto stance
Ethereum creator Vitalik Buterin cautioned the crypto community against supporting politicians solely based on their pro-crypto statements and expressed particular concern over a lack of support for “internationalism.” Buterin made the statements in a July 17 blog post, where he…
A Growing Threat to Democracy
In a heated US political climate, financial analyst Michael A. Gayed recently remarked that the rising national debt exceeding $35 trillion is a more significant threat to democracy than political leadership. Gayed emphasizes that the increasing rate of debt outpaces…
AI training dataset used by tech giants allegedly created by scraping YouTube videos in violation of terms
Non-profit AI research group EleutherAI scraped YouTube subtitles to create a dataset in violation of YouTube’s terms of service, ProofNews said on July 16. The dataset, called the Pile, allegedly includes subtitles of 173,536 YouTube videos from over 48,000 channels….