16 Aug 2024
LiFi integrates ThorChain for seamless Bitcoin swaps across EVM chains
LI.FI, a cross-chain liquidity provider, has announced its support for native Bitcoin swaps through ThorChain, according to an Aug. 14 statement shared with CryptoSlate. This integration, facilitated by SwapKit, enhances Bitcoin transfers between Ethereum Virtual Machine (EVM) chains and simplifies the exchange of the flagship asset for other cryptocurrencies within these networks. Read more
Ransomware and theft drive over $2 billion in illicit crypto activity in 2024 – Chainalysis
Stolen funds and ransomware amounted to over $2 billion in illicit crypto transactions in 2024, according to Chainalysis. Despite an overall 20% decline in illicit on-chain activity year-to-date, these two categories have seen significant growth. Stolen funds inflows nearly doubled from $857 million to $1.58 billion Read more
Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap
Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion. Read more
Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management
The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi). Read more
Latin American Exchange Bitso Taps Coincover for Security Services
Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time. Read more
Top Crypto Startup Drove Other Projects' Airdrops to Its Employees
Eigen Labs circulated a list of team members' wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. The firm later banned the practice, citing potential conflicts of interest. Read more
First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more
ZynCoin Launches 'Comfy,' a Physical Collectible That Earns Tokens as Rewards
It's a tin for Zyn. Read more
Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said. Read more
BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion. Read more
Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up. Read more
Protocol Village: GOAT Network Releases Economic Model, Restaking Protocol Solayer Hits Mainnet
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21, 2024. Read more
Bitcoin stagnates as bearish headwinds continue to blow
Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops. Read more
Solana ETFs will not see significant demand — Sygnum research head
Low uptake of Grayscale’s Solana fund is an early indicator, she said. Read more
Wall Street sounds AI bubble alarm — Will crypto AI projects survive?
After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will crypto AI projects survive? Read more
New DeFi protocol Nudge aims to unlock hidden value in users’ wallets
Nudge seeks to unleash a new DeFi primitive called Re: allocation Value. Read more
First leveraged MicroStrategy ETF launches in US
The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings. Read more
Majority of Institutional Investors Held or Increased Bitcoin ETF Positions in Q2
Hougan's analysis shows 44% of institutional investors increased Bitcoin ETF holdings in Q2, with 22% maintaining their positions. Read more
State of Wisconsin Investment Board Increases IBIT Holdings to Nearly 2.9M Shares
The filing also reveals that SWIB has fully divested from the Grayscale Bitcoin Trust (GBTC). Read more
Real World Assets (RWA) Enter Mainstream Adoption
[PRESS RELEASE – London, UK, August 15th, 2024] XDB CHAIN, a pioneering blockchain platform, is revolutionizing the Real World Assets (RWA) market. By creating token representations of branded interactions—such as product usage and community membership—XDB CHAIN transforms intangible assets into valuable digital ones. Read more
Cellula Introduces Programmable Incentive Layer to Gamify Asset Issuance
[PRESS RELEASE – Hong Kong, China, August 15th, 2024] In a groundbreaking move to address the challenges of equitable asset distribution and decentralization in the cryptocurrency space, Cellula has unveiled its innovative programmable incentive layer built on the Ethereum Virtual Machine (EVM) ecosystem. Read more
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