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Solana dropped to $186 in the early hours of Aug. 26, erasing 9% despite strong activity across its ecosystem. Data from Binance showed that SOLUSDT saw intraday lows around $185 before recovering toward $188-$189.
SOL rallied from $180 on Aug. 21 to a local peak above $213 on Aug. 25, followed by a swift rejection. Spot volumes rose with the selloff, indicating that the downturn was driven by...
Bitcoin’s brief dip below $110,000 in the past 24 hours triggered one of the heaviest liquidation rounds in recent times.
According to Coinglass data, crypto traders betting on the market lost $811.6 million, with more than 179,000 traders forced out of positions.
Speaking on this broad liquidation event, Sean Dawson, head of research at Derive.xyz, told CryptoSlate:
“This sharp move appears to...
More companies worldwide are rushing to add digital assets to their treasuries even as the market retraces. $1.75 billion will be allocated across BNB, Solana, and Ethereum to public companies in the United States, Hong Kong, and China.
China Renaissance Holdings said it will allocate about $100 million to BNB as part of a strategic partnership with YZi Labs. The company will work on SFC-...
Kraken has opened a new round of dialogue with the US Securities and Exchange Commission’s (SEC) Crypto Task Force, focusing on how tokenization could be integrated into regulated financial markets.
An internal agency memo confirmed that the exchange met with the task force on Aug. 25 to present ideas on how tokenized trading systems might function under existing US law.
During the session,...
Bitcoin (BTC) consolidates near current levels as capital inflows extend along the risk curve toward Ethereum and broader altcoins, according to Bitfinex Alpha’s Aug. 25 report.
The report noted that the shift represents a measured rotation of institutional liquidity following Bitcoin’s all-time high formation.
Bitcoin declined 4.5% from the weekly open on Aug. 18 until Aug. 22, sliding to local...
Aave reached an all-time high total value locked (TVL) of $41.1 billion on Aug. 24, positioning the decentralized lending protocol as the equivalent of the 54th largest US commercial bank by total deposits based on Federal Reserve data as of Jun. 30.
The money market protocol would replace the Prosperity Bank, which has $38.4 billion in deposits, and would fall just $300 million short of...
Blockchain analytics firm Bubblemaps released a report on Aug. 25 alleging that Hayden Davis coordinated a sniping operation on Kanye West’s YZY token that generated $12 million in profits through 14 connected wallets.
The investigation began with a timing analysis showing Davis, also known as Kelsier, received access to $57 million in previously frozen funds, with YZY launching the following day...
Crypto exchange-traded fund (ETF) issuers are likely to partner with centralized staking providers following approval, but will eventually pivot to decentralized protocols as regulatory frameworks mature.
The Securities and Exchange Commission’s (SEC) Aug. 5 statement that liquid staking activities and staking receipt tokens do not constitute securities offerings removed the final regulatory...
Hyperliquid registered more trading volume than Robinhood for the third consecutive month, with July marking the largest gap between platforms at 39.1%.
DefiLlama data shows the decentralized derivatives exchange traded $330.8 billion in combined spot and perpetual volume during July, while Robinhood processed $237.8 billion across all products.
Robinhood’s July volume was made up of $209.1...
Ethereum co-founder Vitalik Buterin weighed in on the growing debate over prediction markets, warning that the absence of interest-bearing mechanisms makes them unappealing for risk-averse traders.
In a post on Farcaster, Buterin said the lack of yield forces participants to sacrifice guaranteed returns elsewhere, such as the 4% annual yield available on dollars, just to take part.
He suggested...