Latest

• Aug 16, 9:28 AM Bitcoin Magazine

  Korea's national pension scoops up $34 million in MicroStrategy shares

  South Korea's National Pension Service purchased $34 million worth of MicroStrategy shares, indirectly investing in Bitcoin. The NPS bought 24,500 shares at an average price of $1,377 in Q2, now equivalent to 245,000 shares post-split. MicroStrategy, holding over 226,500 BTC worth $13.2 billion, is the largest public company Bitcoin holder. This move aligns with other pension and sovereign wealth funds gaining Bitcoin exposure through MicroStrategy, signaling growing institutional acceptance of crypto as a treasury asset.

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• Aug 15, 2:28 PM The Block

  Aave token price surges as weekly borrowers hit record high

  Aave's token price jumped 9% to $110.09 as weekly active borrowers reached an all-time high of 40,000. The token's futures funding rate turned positive, indicating increased trader optimism. Aave's usage spike led to $431.51 million in liquidations this month, compared to $73 million in July. The wider DeFi lending market also saw a surge in liquidations, reaching a multi-year high in August.

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• Aug 15, 1:54 PM Coindesk

  Bitso partners with Coincover for enhanced crypto security measures

  Latin American crypto exchange Bitso has integrated Coincover's security services. The partnership includes non-custodial disaster recovery and real-time transaction monitoring. This move addresses the high preference for centralized exchanges in Latin America, which has made them targets for hacks and scams. Bitso operates in multiple countries and claims 8 million customers. The collaboration aims to bolster protection against crypto asset theft and loss, amid rising security concerns in the industry.

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• Aug 14, 10:28 PM Coindesk

  Trump Organization to launch crypto real estate initiative says Eric Trump

  The Trump Organization plans to unveil a new crypto initiative, according to Eric Trump. The project may involve digital real estate, allowing lending and borrowing. Eric Trump expressed enthusiasm for crypto and DeFi, citing financial independence from traditional banks. He hinted at a "big announcement" coming soon but provided no specific details. The initiative aims to address financial discrimination and provide equitable access to collateral.

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• Aug 14, 6:53 PM Bitcoin Sistemi

  Binance agrees to pay $1.76 million fine to Brazilian regulator

  Binance will pay 9.6 million reais ($1.76 million) to Brazil's CVM for unauthorized derivatives trading. The settlement follows a 2020 order to cease operations and a rejected 2023 offer. CVM cited Binance for unlicensed securities distribution to Brazilian residents. This resolution addresses regulatory concerns in a key crypto market.

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• Aug 14, 1:08 PM Crypto Briefing

  Coinbase hints at possible wrapped Bitcoin token launch amid market shakeup

  Coinbase hints at launching cbBTC, a new wrapped Bitcoin product. This move could challenge BitGo's WBTC dominance within six months. The announcement comes amid controversy over Justin Sun's involvement with WBTC management. Coinbase aims to build a significant Bitcoin economy on its Base network, potentially converting Bitcoin holders into Ethereum users. Industry experts view cbBTC as strategically crucial for Coinbase, predicting rapid adoption and market impact.

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• Aug 14, 1:03 PM Cointelegraph

  Defi hacks reveal offchain attack vectors as primary threat

  Offchain attack vectors account for 57.5% of financial losses in the top 100 DeFi hacks. Compromised private keys were responsible for 52.2% of attacks and 55.7% of value lost in 2024. While smart contract vulnerabilities remain a concern, lack of investor awareness is becoming a bigger vulnerability. The top 100 DeFi hacks resulted in $7.35 billion worth of stolen crypto assets. Crypto hacks in 2024 could surpass 2023 due to growing TVL in DeFi, with three hacks already in the top ten for value lost.

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• Aug 14, 8:49 AM The Block

  dYdX Chain will allow users to list 'virtually unlimited' markets by fall upgrade

  DeFi platform dYdX announced its biggest upgrade, dYdX Unlimited, coming this fall. Users can list virtually unlimited new token trading markets without governance approval by depositing USDC into MegaVault. The upgrade introduces MegaVault as a master liquidity pool and market maker. dYdX Chain, a Cosmos app chain for crypto derivatives trading, currently handles over $900 million in daily trading volume. Additional updates include a referral program and enhanced wallet security features.

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• Aug 13, 2:46 PM Cointelegraph

  Kamala Harris signals continued crypto crackdown with advisor choices

  VP Kamala Harris is likely to maintain the Biden administration's strict crypto regulation stance. She's working with former economic advisors Brian Deese and Bharat Ramamurti, who opposed the Clarity for Payment Stablecoins Act. Harris plans to unveil her economic policy agenda soon. These advisors were allegedly involved in "Operation Chokepoint 2.0," suggesting a continued tough approach to crypto. Ramamurti, known as the "White House's top crypto critic," further indicates a potential hardline stance on crypto regulation under Harris.

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• Aug 13, 1:01 PM The Block

  PlayFi launches ai-powered protocol to revolutionize live content interaction

  PlayFi introduces a blockchain protocol using AI to transform live content into structured data in real-time. The system processes various content types and stores data across a decentralized network, accessible through cross-chain Oracles. PlayFi's ZK hyperchain rewards all participants and offers a four-in-one AI node network. The project is transitioning from a centralized testnet to a community-driven decentralized infrastructure, starting with a Genesis Node sale on August 14th. This innovation aims to enhance monetization and engagement opportunities in the rapidly growing live content sector.

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• Aug 13, 12:01 PM Arkham Intelligence

  Mt gox bitcoin wallet initiates test transactions for creditor distribution

  A wallet linked to Mt. Gox has begun test transactions for potential creditor distribution. The wallet, believed to be Bitgo, received $2.19B in Bitcoin from Mt. Gox and is likely the final exchange working with the Mt. Gox Trustee. This movement signals progress in the long-awaited distribution of funds to Mt. Gox creditors, marking a significant development in the crypto industry's largest bankruptcy case.

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• Aug 12, 2:12 PM The Block

  Bitcoin charts signal potential new wave of sell-offs

  A "death cross" formation between Bitcoin's 50-day and 200-day moving averages suggests possible further downside in the crypto market. Despite a brief rebound, analysts predict more volatility and a potential trading range of $49,000 to $69,000 for Bitcoin. US monetary policy and the upcoming presidential election are cited as key factors that could impact the crypto market. Altcoin recovery may depend on improved narratives, liquidity trends, and addressing potential selling pressure from early investors.

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• Aug 12, 1:30 PM Beincrypto

  Solana DEX volume hits 42-day low as meme coin interest wanes

  Solana's DEX trading volume plummeted 72% in a week, hitting a 42-day low of $897 million on Sunday. This decline coincides with waning interest in Solana-based meme coins and a 19% drop in daily active addresses. SOL trades at $146.31, up 19% weekly, but the Chaikin Money Flow indicates market indecision. Potential price movements range from $148.27 to $133.64, depending on market dynamics.

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• Aug 9, 3:35 PM DeFi Llama News

  SEC subpoenas three crypto VCs, signaling how an industry crackdown is gaining momentum

  The SEC has subpoenaed at least three crypto venture capital firms this year, signaling an expansion of its crypto industry crackdown. The investigation focuses on potential violations of federal securities laws, with subpoenas requesting contracts for all token deals. This move suggests the SEC is scrutinizing the initial funding sources for crypto startups. The agency may be examining whether crypto VCs are acting as statutory underwriters or marketers of tokens, potentially distributing unregistered securities to the public market. This development follows recent SEC actions against major crypto entities like Binance, Coinbase, and Uniswap.

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• Aug 9, 3:02 PM Protos

  Do kwon extradition controversy divides montenegro's government

  Former Luna founder Do Kwon's extradition case is causing political turmoil in Montenegro. The ex-justice minister accused the prime minister of trying to prevent Do's extradition to the US, citing potential business ties. The PM's office denied these claims, calling them fabricated affairs. This controversy threatens Montenegro's EU membership prospects and raises concerns about corruption at high levels of government. The situation continues to escalate, putting pressure on PM Spajić's political career.

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