August, 2024

August, 2024

US-traded spot Ethereum ETFs amass $2 billion in inflows
Spot Ethereum (ETH) exchange-traded funds (ETFs) inflows surpassed $2 billion in nearly four weeks, when excluding Grayscale’s ETHE outflows of nearly $2.5 billion, based on Farside Investors’ dat...

Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September
Bitcoin (BTC) is back above $61,000 after leaping 3.5% in the past 24 hours, fueled by the release of bullish Fed minutes related to the July meeting on Aug. 21. Ethereum (ETH) followed with 1.5% gro...

Emerging markets embrace stablecoins despite significant premiums
Businesses and consumers in 17 emerging markets pay an average premium of 4.7% over the standard dollar price to access stablecoins, with the figure rising to 30% in countries like Argentina. The data...

Hackers compromise McDonald’s Instagram account to conduct $700k rug pull
Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised. The token — called GRIMACE — hit a $25 million market capitalization w...

Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money Laundering
The world’s largest crypto exchange by volume and its founder are being named as defendants in a new money laundering lawsuit. According to a new class action, Binance willfully neglected to registe...

Analyst Likens Bitcoin Collapse Below $50,000 to COVID-Induced 2020 Crash, Sees BTC Starting Actual Bull Run
A widely followed crypto strategist believes that Bitcoin (BTC) is repeating its early 2020 recovery when it crashed by over 50% in one week before rallying to new highs. Pseudonymous analyst The Cryp...

Trader Turns $1,690 Into $20,000,000 in Six Days on TRON-Based Memecoin: Arkham
An unknown entity has printed incredible gains with a recently launched memecoin on the TRON network. Blockchain “de-anonymizing” platform Arkham says that one of the earliest investors of dog-the...

Tech Billionaire Ron Conway Vows To End Support of Crypto Lobby Due to ‘Hidden Agendas’: Report
A tech billionaire and Democratic donor is reportedly pulling his support for a network of crypto super political action committees (PACs), accusing the organizations of trying to topple an incumbent ...

Tether to Launch New Stablecoin Pegged to UAE’s Dirham
Tether has announced plans to launch a stablecoin pegged to the United Arab Emirates Dirham (AED). The token will be fully backed by liquid reserves based in the UAE, ensuring stability for users. ...

Solana (SOL) Price Hangs by a Thread, Risks Losing Hold on Crucial Support
Two weeks later, Solana’s (SOL) price moved north, reaching a peak of $163.60. The price increase hinted at a return to $200. However, as of this writing, the value of cryptocurrency has droppe...

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November