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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...
Pennsylvania lawmaker Ben Waxman, a Democrat, has introduced a bill that would prevent public officials from owning or transacting in digital assets while in office.
The proposal, known as the House Bill 1812 (HB1812), aims to amend the state’s ethics and financial disclosure laws and extend those restrictions to officials’ immediate families.
The legislation covers a broad spectrum of digital...
The post Bitcoin treasury companies: Hedge or house of cards? appeared first on CryptoSlate.
Top Win International changed its corporate name to AsiaStrategy on Aug. 22 in Hong Kong, kept its Nasdaq ticker SORA, and began accepting Bitcoin for watch sales, the company said.
The move follows a months-long restructuring that brought Sora Ventures into Top Win’s public company structure in May, a path that avoided a separate listing by using an existing issuer to pursue a Bitcoin treasury...