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Coinbase launched a second Stablecoin Bootstrap Fund to provide additional liquidity for the DeFi ecosystem via USDC.
According to an Aug. 12 announcement, the initiative will target protocols across multiple blockchains, starting with Aave, Morpho, Kamino, and Jupiter. Coinbase also invited protocols seeking liquidity to reach out to the exchange.
The fund represents Coinbase’s renewed...
Ethereum (ETH) climbed over 5% on Aug. 12 to a multi-year high above $4,500, marking its highest price since December 2021.
The increase coincided with corporate treasury purchases, record inflows into U.S. spot exchange-traded funds (ETFs), and growing expectations that the Federal Reserve will lower interest rates at its September policy meeting.
The latest price move followed the release of U....
BitMine, the largest corporate holder of Ethereum, filed an Aug. 12 filing with the US Securities and Exchange Commission (SEC) to expand its stock offering by $20 billion.
The filing supplements the company’s earlier at-the-market (ATM) equity program worth $4.5 billion.
BitMine’s equity offerings now stand at roughly $24.5 billion, almost 5x its previous total capacity. The company expects...
Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11.
As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme that prosecutors allege caused over $40 billion in losses when LUNA and TerraUSD tokens collapsed in May 2022.
His defense entered guilty pleas to conspiracy to defraud and wire fraud before Judge...
USDC stablecoin issuer Circle has announced plans to launch Arc, its own enterprise-focused Layer 1 blockchain, according to an Aug. 12 statement.
According to the firm:
“Arc aims to establish itself as foundational infrastructure for regulated money movement, supporting a globally distributed financial system.”
Circle said Arc will integrate fully with its existing platform while maintaining...
Bitcoin rose 0.5% to $119,000 and Ethereum gained more than 5% to $4,400 after July U.S. CPI showed a 0.2% month-over-month increase and a 2.7% annual rate, with core CPI up 0.3% on the month and 3.1% on the year.
The release at 1:30 P.M. Eastern reflected a mixed profile. Headline CPI decelerated on the month from 0.3% in June to 0.2% in July, while the annual rate held at 2.7%.
Core CPI firmed...
The privacy-focused Monero blockchain has suffered a 51% attack, meaning the network is not controlled by a single entity. XMR dropped just shy of 9% after developers flagged the event.
On Aug. 12, Sergey Ivancheglo, known in the crypto community as “Come-from-Beyond” (CFB), claimed on X that Qubic had surpassed 51% of Monero’s network hash rate, saying:
“Looks like Qubic has achieved 51% over...
Singapore – August 12, 2025 – The T3 Financial Crime Unit (T3 FCU)—a joint initiative by TRON, Tether, and TRM Labs—today announced the launch of “T3+,” a global collaborator program made up of some of the largest and most influential players in the crypto ecosystem. It is designed to expand public-private collaboration to combat illicit activities on the blockchain. Binance has joined as the...
Futures-based exchange-traded funds tied to Solana and XRP have accumulated almost $3 billion in volume amid market anticipation for potential spot ETF approvals.
The momentum has been fueled by new leveraged products, a surge in derivatives positioning, and demand for yield-oriented structures.
Futures Solana ETFs (Source: The Block)
In early 2025, a leak indicating the CME Group was preparing...
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has significantly increased its indirect exposure to Bitcoin this year.
On Aug. 12, Vetle Lunde, a senior analyst at K33 Research, reported that the firm’s indirect Bitcoin exposure grew by 192% year-on-year to 7,161 BTC (worth approximately $844 million) from the 3821 BTC exposure it had as of the end of 2024.
This means...