August, 2024

August, 2024

As ETH Plunges Below $3,000, AI Blended Meme Coin Raboo Outshines Rival Popcat With Remarkable Action
Ethereum’s price drops below $3,000, setting off alarm bells among investors. However, amidst this downturn and market volatility, Raboo ($RABT), an AI-powered meme coin, is making waves by outshini...

Metaplanet looks to raise $70 million to bolster Bitcoin holdings
Bitcoin investment firm Metaplanet is set to raise ¥10.08 billion (approximately $70 million) by offering its 11th series of stock acquisition rights to all common shareholders. In an Aug. 6 statemen...

Ronin Network hit by $9.85M exploit but RON token surges 11%
Ronin Network co-founder Aleksander Larsen announced that the Ethereum sidechain has been temporarily paused to investigate a potential Maximal Extractable Value (MEV) exploit. On Aug. 6, blockchain s...

Bitcoin futures open interest sees largest drop in a year amid market volatility
Quick Take On Aug. 5, global markets experienced wild volatility, prompting a detailed assessment of trading volumes to gauge the impact. A key measure was futures open interest, representing the tota...

Bitwise CIO sees Bitcoin’s potential echoing post-COVID surge
Bitwise Chief Investment Officer Matthew Hougan said the current market conditions are a prime buying opportunity for investors interested in Bitcoin, according to an Aug. 5 investor note. Hougan poin...

Semler Scientific acquires additional 101 Bitcoin, increasing total holdings to 929 BTC
Quick Take Semler Scientific reported Q2 earnings on Aug. 5, which saw revenues of $14.5 million for the second quarter, reflecting a 22% decrease from $18.6 million in the same period last year. Seml...

OpenAI co-founders quit amid Musk’s legal firestorm
OpenAI experienced a significant shake-up as two co-founders, John Schulman and Greg Brockman, announced their departures a day after Elon Musk filed a new lawsuit against the company. On Aug. 5, Mus...

Volatile day for Bitcoin sees record $28 billion spot volume, highest since FTX collapse
Quick Take Aug. 5 was marked by significant global volatility, with the VIX soaring above 60 and Bitcoin experiencing dr...

Ripple XRP demand in the US hits pre-SEC lawsuit levels with 14% of global volume
Demand for Ripple’s XRP in the United States has surged to its highest level in four years, reaching figures last seen...

Will Bitcoin Eat Everything Else? Jurrien Timmer Doesn’t See BTC Priced in Millions of Dollars – Here’s Why
Fidelity Investments’ global macro director Jurrien Timmer predicts that Bitcoin (BTC) will never reach millions of dollars in value for one key reason. In a new interview with Scott Melker, Timmer ...

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