Important Ripple (XRP) Announcement, New Investments: August 3
The company has made two new strategic investments, aiming to bring regulated fund issuance, settlement, and collateral mobility onto the XRP Ledger. Ripple has expanded its digital capital markets strategy. The company announced today investments in Zilo and Lucuido…
Trade.XYZ rumored to seek $200M equity round at $1.5B valuation
Rumors that Trade.XYZ has been seeking a $200 million equity financing at a $1.5 billion valuation have sparked conflicting views across the crypto community, with supporters calling the report credible while others have dismissed the claim. Summary Trade.XYZ is rumored…
SEC sets Aug. 24 deadline in Nasdaq Bitcoin options review
The U.S. Securities and Exchange Commission kept Nasdaq PHLX’s proposed Bitcoin index options on hold after granting CME Group’s petition for a full Commission review. Summary SEC commissioners granted CME’s petition, keeping Nasdaq’s Bitcoin index options approval stayed pending further…
Will This Data Finally Spark a Crypto Breakout?
One of the developments already took place, but the impact was rather muted, for now. Bitcoin, the altcoins, and the broader financial markets face another eventful week, with geopolitical developments, key US labor data, major earnings reports, and fresh…
Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Pools
Allbridge has asked users to withdraw liquidity immediately after a $1.65 million exploit. Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield. The firm said…
3 AIs Give Surprising Answers
SOL is the “easiest pick,” ChatGPT said. The prolonged bear market has left numerous crypto investors underwater, as prices of countless digital assets have crashed by double digits over the past several months. Despite the grim reality, the current…
Crypto Is No Longer the ‘Belle of the Ball,’ Warns Bitwise’s Matt Hougan
Crypto winter looks different this cycle as capital rotates toward smaller assets with credible fundamentals instead. Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are…
Blackrock Bitcoin News: Can Treasury Accumulation Save BTC?
BlackRock Bitcoin is back in the spotlight, as institutional money is dominating the space right now. Corporations are quietly stacking BTC on their balance sheets, treating it less like a speculative bet and more like a long-term treasury asset. The…
Peter Schiff Warns Bitcoin Could Plunge Below $20K as Complacency Sets In
The economist also warned that Strategy’s STRC’s yield structure could enter a damaging downward spiral if confidence fades. Bitcoin critic Peter Schiff is back with another bleak BTC call, warning that the asset could collapse below $20,000 once it…
El Salvador Buys the Dip as Bitcoin Slides Under $66,000, Reserve Nears 7,600 BTC
Key Takeaways El Salvador’s bitcoin reserve sits near 7,600 BTC, valued above $510 million as of June 3. The country kept adding coins through a roughly one-BTC-a-day policy even as prices have continued to collapse. A $1.4 billion IMF deal…