Latest

• Aug 20, 2:00 PM The Block

  Galxe launches alpha mainnet of Gravity Layer 1 blockchain

  Galxe launched the alpha mainnet of its Layer 1 blockchain Gravity, integrating its Web3 products for over 25 million users. Gravity, an EVM-compatible proof-of-stake chain built on Arbitrum Nitro, aims to solve Web3 fragmentation. It supports G token staking and chain-agnostic gas payments. The full mainnet launch is planned for Q2 2025. Galxe previously raised $10 million from Multicoin Capital and Dragonfly Capital in 2022.

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• Aug 20, 1:05 PM Cointelegraph

  Base reaches 4 million active addresses during onchain summer campaign

  Base, Coinbase's layer-2 solution, hit a record 4 million active addresses last week amid its "Onchain Summer" campaign. The initiative, offering $2 million in ETH rewards, aims to boost network adoption and development. Base previously saw success with its 2023 campaign, driving significant NFT minting and daily wallet activity. The network also partnered with Atari to bring classic games onchain, though some developers question the true blockchain integration of these games.

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• Aug 20, 12:34 PM Cryptoslate

  VanEck asserts Solana ETF application still active despite form removal

  VanEck's head of digital assets research confirms their Solana spot ETF application remains active, despite the removal of 19b-4 forms from Cboe's website. VanEck maintains SOL should be classified as a commodity like Bitcoin and Ethereum. The firm highlights Solana's decentralization progress, citing decreased concentration of token holdings and a high Nakamoto Coefficient. VanEck believes evolving legal perspectives support SOL's commodity status in secondary markets.

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• Aug 19, 10:50 PM The Block

  SEC discusses Solana security concerns with ETF issuers before Cboe removes filings

  The SEC discussed concerns about Solana's potential security status with ETF issuers before Cboe BZX removed 19b-4 filings. This led to an agreement not to file forms to the Federal Register, avoiding pressure on the SEC for decisions. VanEck's S-1 for a Solana ETF remains on EDGAR, while 21Shares' filing is less visible. Issuers may file new or amended 19b-4s to argue Solana isn't a security. Experts doubt Solana ETF approval under the current administration, with potential for reconsideration in 2025.

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• Aug 19, 3:58 PM Protos

  Montenegro justice minister investigates predecessor's non-extradition decisions

  Montenegro's Justice Minister Božović is probing non-extradition rulings by his predecessor Milović, including the case of Do Kwon. Milović opposes Kwon's extradition to South Korea, citing US investigations. The probe mainly focuses on the refusal to extradite alleged Kurdish crime boss Camgoz to Turkey. This situation highlights the political turmoil in Montenegro and the complexities surrounding extraditions. Kwon's lawyer, who predicted a grim year-long wait for extradition, now seeks $500,000 from the Luna estate for representation.

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• Aug 19, 1:15 PM Blockworks

  Trump rakes in millions from memecoin taxes and NFT royalties

  Trump's crypto wallets are generating substantial passive income through NFT royalties and memecoin taxes. His Polygon wallet received 782.32 ETH ($2 million) from NFT secondary sales, while unofficial memecoins on Ethereum paid 137.3 ETH ($354,000) in taxes to Trump's wallet over the past four months. Trump's financial disclosure reveals $1-5 million in ether holdings and $7.2 million in NFT licensing fees. The crypto market is down 3%, with Bitcoin trading around $58,000 and Ethereum at $2,500.

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• 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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