13 Aug 2024
Crypto liquidity crisis causes major price slippages during sell-offs – Kaiko
Crypto markets continue to grapple with liquidity fragmentation, leading to persistent price discrepancies across exchanges. According to a recent Kaiko report, these disparities are diminishing over time, but they remain prominent on smaller, less liquid exchanges, especially during market events like the recent sell-off seen last week. Read more
Euler allocates $4 million for v2 protocol security, conducts 29 audits
DeFi lending protocol Euler has announced the completion of a comprehensive security process for its upcoming Euler v2 protocol, which involved a $4 million investment allocated by Euler DAO. This substantial budget highlights the protocol’s commitment to security in the DeFi sector, particularly through its modular design, which aims to reduce risks and improve reliability. Read more
VCs Show 'Flight to Quality' in Q2 Funding Report
PitchBook reports $2.7B in venture funding, up from Q1, but with less deal flow. It expects $12-14B for the year, up significantly on 2023’s numbers. Read more
German State-Owned Development Bank Prepares for Tokenized Bond Issuance with Boerse Stuttgart Digital in ECB Trial
Traditional finance institutions are increasingly exploring ways of putting assets like bonds, credit, and funds on blockchain rails, known as RWA tokenization, to pursue operational benefits. Read more
Optimism Pushes for 'Interoperability' Between Affiliated Blockchains
Optimism networks that are part of the Superchain rely on Ethereum to communicate with each other in order to move assets, which tends to make such moves slow and expensive. To address that, Optimism is releasing its own interoperability roadmap. Read more
Defi Hacks Remain a Major Threat Despite 50% Decline in 2023: Halborn
Decentralized finance (DeFi) hacks remain a major threat to the industry despite a reduction in the amount stolen in 2023, according to blockchain security firm Halborn. Read more
Bitcoin Miner Marathon Digital Plans $250M Private Note Sale to Fund Bitcoin Buying
The notes will pay interest every six months and mature Sept. 1, 2031. Read more
First Mover Americas: BTC Slides Ahead of Busy Data Week
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more
XRP Bullish Options' Popularity Jump May Be Due to ETF Speculation, Observers Say
Traders have locked in over $2 million in XRP's $1.10 call option listed on Deribit, the highest across all available maturities. Read more
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
Tether, the company behind USDT, the world's largest stablecoin by market cap, said it will defend itself from "shakedown" litigation brought by bankrupt crypto lender Celsius on Friday. Read more
Canto Blockchain Suffers Two-Day Outage Amid Consensus Issue
Layer-1 blockchain Canto has been offline since Saturday following a "consensus issue." The CANTO token initially dropped by 21% before recovering over the course of the weekend. Read more
Ex-Bank of Japan Official Rules Out Another Rate Hike This Year
The BOJ recently raised rates for the first time in over a decade, destabilizing global markets, including bitcoin. Read more
Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules
Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power. Read more
Investors flock to ETH products over BTC as markets recover: CoinShares
Ethereum funds also lead Bitcoin ETPs on monthly performance with $150 million in inflows so far this month. Read more
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue. Read more
Crypto ETFs will expand to new asset types, indexes — Grayscale executive
The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale. Read more
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3, and crypto regulation. Read more
Price analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term. Read more
Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up
The Bitcoin miner reported a net loss of $17.7 million in the second quarter of 2024 despite hashrate growth. Read more
Ethereum Leads Market Recovery with $155M Inflows Amid Recent Downturn
It was unusual to see inflows from every region last week reflecting a widespread positive outlook on crypto amidst the price correction. Read more
Futures Market Data Suggests Ethereum (ETH) Could Rally Soon: CryptoQuant
The recent ETH decline triggered a massive liquidation of long perpetual positions, an occurrence that often precedes bullish reversals. Read more
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