9 Aug 2024
Bitcoin volume in loss hit highest level since FTX collapse
In periods of extreme price volatility leading to massive losses across the market, it’s important to understand where most of these losses come from. Read more
Deputy Treasury Secretary, former Harris chief of staff among attendees at Democrats’ virtual crypto summit
Top government officials, including Deputy Treasury Secretary Wally Adeyemo and Kamala Harris’ former chief of staff Kristine Lucius, attended the virtual crypto meeting hosted by Congressman Ro Khanna on Aug. 8. Read more
BTSE partners with Orderly Network to launch BTSE Dex 2.0
BTSE announced the launch of BTSE Dex 2.0, introducing cross-compatibility for Ethereum Virtual Machine-based chains and enabling trading for over 50 perpetual futures. Read more
Near Protocol unveils Chain Signatures to unite cross-chain DeFi and Bitcoin
NEAR Protocol has unveiled a technology called Chain Signatures, which allows smart contracts to sign transactions across any blockchain without relying on cross-chain bridges. Read more
Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
Ionic Digital's CEO Matt Prusak will step down this month, with recently appointed CFO John Penver taking the helm in the interim. Read more
Medical Data Company OneMedNet Latest to Pursue Bitcoin Treasury Strategy After Capital Raise
OneMedNet (ONMD) raised $4.6 million in a private placement and used $1.8 million of the proceeds to purchase bitcoin. Read more
Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy
While the crypto rally was broad-based with ETH, SOL, and NEAR gaining 8%-10%, prices may not increase in a straight line after major capitulation events. Read more
JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In
Retail investors played a large role in the recent crypto selloff, which saw the sharpest correction since FTX, according to JPMorgan. Read more
Crypto for Advisors: Bitcoin and Lending
Bitcoin’s role in collateral structures could revolutionize the lending landscape, helping mitigate credit risk amid escalating uncertainties. Read more
Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield
The Galaxy-backed stablecoin project aims to attract DAO treasuries to allocate in their new stablecoin, targeting over 10% yield. Read more
Crypto Asset Manager Algoz Taps Standard Chartered-Backed Zodia Custody for Safer Investing
Algoz will use Zodia's Interchange service to offer off-venue settlement, reducing risks around liquidity and insolvency. Read more
NEAR Pushes 'Signatures' on Mainnet, in Growing Trend of Chain Abstraction
NEAR Protocol's Signatures feature, introduced in March, allows users to sign transactions on supported blockchains without needing cross-chain bridges. Read more
Coinbase-Backed Vega Gets Into Prediction-Market Race, Chasing Polymarket
Vega's blockchain and decentralized perpetuals exchange upgrade will allow users to bet on the outcomes of future events. Read more
First Mover Americas: Crypto Prices Little Changed, XRP Surges
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 8, 2024, are detailed in CoinDesk’s daily newsletter. Read more
Wallet Linked to Nomad Bridge Hack Transfers $36M of Ether to Tornado Cash
A wallet linked to the $200 million hack of the Nomad bridge in 2022 transferred 14,500 ETH to sanctioned coin-mixing service Tornado Cash. Read more
Metaplanet Arranges Loan to Buy $6.8M of BTC
The Japanese company Metaplanet plans to adopt bitcoin as a reserve asset to hedge against the volatility of the yen. Read more
Solana Hits All-Time High Against Ether, Outperforms Bitcoin in Crypto Rebound
Solana and its ecosystem tokens have become attractive compared to other altcoins, making it a "clear option for longs" after the market turmoil, according to a K33 Research analyst. Read more
DePIN Data Verification: A Challenge With no Silver Bullets
If DePINs' product is data, then spoofing reduces the value of datasets. Here's how to address false data, according to Leonard Dorlöchter, co-founder of peaq. Read more
CoinDesk 20 Performance Update: SOL Leads with 3.9% Gain as Index Rebounds
Twelve assets in the CoinDesk 20 are trading higher, with SOL up 3.9% and BCH up 2.2%. Read more
Synthetix Founder Donated Funds to Beleaguered Ex-Treasurer: EmberCN
On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer, who was liquidated during last week's market plunge. Read more
WOO X Now Lets Traders Bet on Upcoming Tokens
Orderly Network's ORDER token is the first on the market, with prices down 5% since its listing at 8 A.M. UTC. Read more
Jump Trading Allegedly Moves $29M in ETH as Ether Tops $2.5K
Blockchain data shows Jump Trading moved large amounts of ether to an address previously used to deposit coins to centralized exchanges. Read more
Franklin Templeton's Tokenized Money Market Fund Expands to Arbitrum
The $420 million OnChain U.S. Government Money Market Fund, previously available on Stellar and Polygon, expands to Arbitrum. Read more
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