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Ethereum-focused SharpLink’s stock climbed more than 15% to trade above $20 after the company’s board approved a $1.5 billion stock repurchase program.
In its Aug. 22 press statement, SharpLink explained that the authorization allows for buybacks through multiple channels, including open-market purchases and privately negotiated deals.
The company emphasized that the scale of repurchases will...
Authorities across Africa arrested more than 1,200 suspects and seized nearly $100 million in a sweeping cybercrime operation that dismantled online fraud networks and illegal crypto mining operations, INTERPOL announced on Aug. 22.
The three-month crackdown, known as Operation Serengeti 2.0, targeted nearly 88,000 victims across 18 African nations in collaboration with the UK.
Investigators...
Bitcoin and crypto seem to be on the verge of mainstream adoption, with US spot exchange-traded funds (ETFs) shattering inflow records, Goldman Sachs holding more crypto ETF shares issued by BlackRock than any other institution, and corporate treasuries from Strategy to Bitmine embracing digital assets.
However, a recent survey from Bank of America showed three-quarters of global fund managers...
Ethereum (ETH) recorded a blistering rally of over 15% in the past 24 hours and surpassed its 2021 all-time high of $4,869.47 on Aug. 22.
As of press time, the second-largest crypto was trading at a high of $4,888 and was continuing to move upward.
Federal Reserve Chair Jerome Powell prompted the price increase after signaling potential interest rate cuts at the Jackson Hole symposium. After...
Jito announced the filing of an exchange-traded fund (ETF) based entirely on Solana liquid staking tokens in a partnership with VanEck.
According to an Aug. 22 announcement, the filing represents months of collaborative regulatory outreach between Jito and VanEck, beginning with initial meetings with the US Securities and Exchange Commission (SEC) in February.
The partnership aims to combine...
A Philippine lawmaker has introduced a measure that would require the central bank to build a strategic Bitcoin reserve, marking one of the most ambitious crypto policy proposals in Southeast Asia.
Representative Migz Villafuerte filed the “Strategic Bitcoin Reserve Act” in June, calling for the country’s central bank, Bangko Sentral ng Pilipinas (BSP), to purchase 2,000 Bitcoin (BTC) annually...
The US Court of Appeals for the Second Circuit issued a mandate on Aug. 22 approving the dismissal of the appeals in the case between Ripple and the Securities and Exchange Commission (SEC).
The court order, shared by lawyer James Filan on X, officially ends one of crypto’s most consequential legal battles.
Despite the news, XRP’s price increased less than 1% within one hour, trading at $3.0694...
A single phishing attack drained nearly $1 million worth of tokens from a crypto investor who unknowingly signed a batch of malicious transactions disguised as Uniswap swaps, according to blockchain security firm Scam Sniffer.
In an Aug. 22 post on X, Yu Xiang, founder of blockchain security firm SlowMist, noted that the incident involved five tokens siphoned through a transaction exploiting...
Ethena Labs has expanded the list of eligible assets to support its synthetic dollar, USDe, by approving BNB, XRP, and Hyperliquid’s HYPE.
The move is part of a new Eligible Asset Framework that sets clear benchmarks for which tokens can be used in the stablecoin’s collateral system.
Liquidity concerns
According to the Ethena Risk Committee, the framework addresses liquidity concerns in spot and...
The crypto market rallied more than 4% to reclaim the $4 trillion mark after Federal Reserve Chair Jerome Powell signaled that US interest rates could be lowered in September.
In his speech at the Jackson Hole symposium in Wyoming, Powell said:
“The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”
Following the speech, the odds of the Federal Reserve...