August, 2024

August, 2024

WazirX to restore balances of accounts, undo all trades affected by hack
WazirX has announced the restoration of user balances and the reversal of trades conducted between July 18 and July 21. This decision follows a $230 million attack that disrupted platform operations o...

Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement
US District Judge Peter Castel has approved a $12.7 billion settlement in a case involving the US Commodity Futures Trading Commission (CFTC), the bankrupt FTX exchange, and its affiliate, Alameda Res...

Rise in Bitcoin OTC desk balance hits 328,000 BTC, highest since June 2022
Quick Take According to recent data from CryptoQuant, the balance of Bitcoin on over-the-counter (OTC) desks has surged,...

Analyst Says Solana (SOL) Looking ‘Pretty Strong’ Against Bitcoin (BTC) – Here’s His Outlook
A widely followed crypto analyst says that smart contract platform Solana (SOL) is likely to outperform Bitcoin (BTC) in the short term. In a new strategy session, pseudonymous crypto trader Credible ...

Crypto Trader Says Ethereum Rival Primed To Plunge Lower in a Few Weeks, Updates Outlook on Bitcoin and FET
A closely followed crypto analyst says that one Ethereum (ETH) competitor may retest lower levels within weeks. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,200 f...

Gate.io CEO Dr. Han Lin at ABS2024: We Are Still at the Dawn of a Revolutionary Era
Gate.io CEO Dr. Han Lin delivered an insightful presentation at the Asia Blockchain Summit 2024, focusing on the evolution of the cryptocurrency industry. Dr. Han explored the current state of the cry...

Optimism (OP) Holders to Face Another Heart Ache as TVL Slides to 20-Month Low
Optimism (OP), the Layer-2 network built on Ethereum, has been unable to live up to its name. Its native token, OP, launched in May 2022 and offered market participants a glimmer of hope, especially w...

Shiba Inu (SHIB) Whales Reduce Exposure as Coin Gears to Add an Extra Zero
Popular meme coin Shiba Inu (SHIB) has witnessed a 21% price drop over the past month. This decline is attributed to the general market downturn and a decrease in SHIB whale activity during that perio...

Artificial Superintelligence Alliance (FET) Buy Signal Appears, Risks Remain
The value of Artificial Superintelligence Alliance (FET) has consistently declined since May. The altcoin’s price had trended within a descending channel, which it broke below on August 3. As o...

Robinhood Q2 2024 Earnings Soar to $682 Million, Driven by Crypto and Options Revenue
On August 7, multi-assets investing and trading platform Robinhood announced its Q2 results for 2024. The firm report...

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