14 Aug 2024
Bitcoin investors show renewed interest in accumulation and holding – Glassnode
Bitcoin (BTC) investors are showing a renewed preference for holding and accumulating, according to Glassnode’s latest on-chain report. Following a period of supply distribution after Bitcoin’s all-time high in March, the market is now exhibiting early signs of a reversal towards accumulation. Read more
Bitcoin climbs almost 5% to $61.5k as market reacts positively to Mt. Gox distributions
Bitcoin’s price climbed to $61,500 on Aug. 13 following the movement of $2 billion in Bitcoin tied to the long-defunct Mt. Gox exchange. The rally, which saw the leading crypto jump by nearly 5% in just one hour, has ignited renewed optimism in the market. Read more
BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments
Blockchain analytical firm Arkham Intelligence reported that crypto custodial service provider BitGo moved $2 billion of Mt. Gox’s Bitcoin to a new wallet, “bc1qpn,” according to an Aug. 13 post on X. Currently. Read more
TradFi lender DBS launches EVM-compatible blockchain solution for treasury, liquidity management
Singapore-based DBS Bank has announced the pilot launch of DBS Treasury Tokens, a new blockchain-based treasury and liquidity management solution developed in collaboration with Ant International. The solution, powered by DBS’ permissioned blockchain, is designed to improve the efficiency and speed of multi-currency treasury operations for Ant International’s entities across various markets. Read more
Crypto Project Essential Raises $11M for 'Declarative, Intent-Based' Blockchain
The investment was led by Archetype and included contributions from IOSG, Spartan, Amber Group and Big Brain Holdings. Read more
With Broadband Growth Stalling, Real World Assets Offer a Lifeline
Althea CEO Deborah Simpier explains how “liquid infrastructure” can unlock connectivity for underserved populations around the world. Read more
Tokenized Asset Issuer Backed to Offer Crypto RWAs in LatAm with eNor Securities
ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America. Read more
Asset Manager Grayscale Introduces Crypto Fund for MakerDAO's MKR
The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month. Read more
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash. Read more
Restaking is ‘inevitable,’ but the risks are still uncertain — Ether.fi CEO
Restaking yields are still mostly speculative, according to Mike Silagadze, who spoke at the Blockchain Futurist Conference. Read more
Kamala Harris may continue the Biden administration’s crypto crackdown
Harris is preparing to unveil plans about her economic policy in a mid-August speech. Read more
Grayscale launches investment fund for MakerDAO token
Grayscale also launched funds for protocols Bittensor and Sui in August. Read more
Curve Finance reduces CRV emissions, boosting DAO sustainability
Curve Finance’s CRV token emissions reduced to 137 million annually, while Curve DAO’s earnings surpassed emissions for the first time. Read more
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