In this post: Minnesota, Pennsylvania, Washington, New Mexico, and Michigan Secretaries of State want Elon Musk to address misinformation about elections being spread by the AI chatbot on social media platform X (formerly Twitter). In an open letter to the businessman, they cited potential harm caused by the November 5 election. The letter from officials […]
Ethereum (ETH) and ChainLink (LINK) lined up among the assets with the lowest monthly and 12-month returns. Despite bullish expectations and utility, ETH and LINK turned into the worst assets based on returns. Ethereum (ETH) and ChainLink (LINK) saw the most pain in the past month, sinking to the lowest returns among a portfolio of […]
In this post: Tether has some big news. They’ve raked in a whopping $5.2 billion net profit for the first half of 2024. This announcement was part of their Q2 2024 assurance opinion, verified by BDO, an accounting firm. The report claims that Tether’s financial figures are solid and provides a detailed look at their […]
In this post: The US Securities and Exchange Commission (SEC) filed a joint response with Binance and other defendants (namely Binance, Binance.US and founder Changpeng Zhao) following the court’s July 9, minute order. The commission intends to amend its complaint in the case. The proposed amendment includes details about “Third Party Crypto Asset Securities.” US […]
In this post: Compound Finance’s decentralized autonomous organization (DAO) has passed a proposal to allocate 499,000 COMP tokens worth around $24 million to goldCOMP DeFi vault 1, a yield-bearing protocol created by Golden Boyz. The drama surrounding the proposal’s passage has sparked concerns about a potential governance attack on the lending protocol. Efforts to pass the proposal started […]
In this post: Coinbase will join the RWA tokenization trend, by offering a new money market product. The launch will follow the $500M BlackRock tokenized fund. Coinbase plans to offer its own product, based on a money market fund. The trend follows attempts to build real-world asset tokenization, to utilize existing crypto trading platforms with […]
In this post: On the second day of trading for U.S. spot Ethereum ETFs turned out to be quite disappointing. These funds saw a big exit, with investors pulling out around $113.3 million in total. The biggest hit came from Grayscale’s Ethereum Trust ETF, which saw over $800 million in net outflows. The situation left […]
In this post: Spot Ethereum ETFs hit the ground running, blowing past $1 billion in trading volume within a single day. Just like Bitcoin ETFs back in January, Ethereum’s new ETFs have had an explosive start. In the first 15 minutes of trading, the ETFs saw an incredible $120 million in volume. Yet, Ether’s price […]
In this post: OKX launched a Telegram mini-app game called ‘OKX Racer’, the crypto exchange announced on Monday. The free-to-play game asks users to guess the price of Bitcoin (BTC) every five seconds. Players must predict whether the price will go up (“moon”) or down (“doom”) to earn points. OKX said players can earn more […]
In this post: The supply of stablecoins has grown slowly, but managed to recover to levels not seen since 2022. The influence of USDT and USDC may determine the strength of BTC and ETH in a market where liquidity is chasing more assets. Stablecoins remain key for multiple derivative and spot markets. Recent statistics show […]
