28 Aug 2024
Bitcoin crashes over 6% to $58k before attempting recovery
Bitcoin (BTC) fell over 6% on Aug. 27 to a low of $57,880 before marking a slight recovery. The majority of the losses were recorded in less than an hour after Bitcoin lost the key $61,000 support level and continued sliding until finding a new floor. Read more
Bitcoin investors turn cautious as speculative appetite wanes – Glassnode
Bitcoin (BTC) investors are showing a reduced appetite for speculation amid a state of equilibrium across on-chain activity and perpetual futures markets, according to a recent report by Glassnode. The report highlighted a decline in profit and loss-taking activities, with perpetuals funding rates returning to neutral levels. Read more
Bitwise CIO says Powell’s remarks could spark a new Bitcoin bull run
Bitwise CIO Matt Hougan believes that US Federal Reserve Chair Jerome Powell’s recent dovish comments could ignite a new bull market for Bitcoin. Hougan, in an Aug. 27 note to investors, emphasized that Powell’s statement has alleviated some of the uncertainty surrounding Bitcoin. On Aug. 21, Powell hinted that interest rate cuts are imminent. Read more
Trump’s new NFT series ‘America First’ features Bitcoin-linked digital cards
Former US President Donald Trump revealed a new set of non-fungible tokens (NFT) via a Truth Social post on Aug. 27. Like the previous installments, the cards are issued by NFT International LLC and cost $99 each. Similar to previous Trump-inspired collections, the “Series 4. Read more
Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial Stablecoin Change
MakerDAO co-founder Rune Christensen said the feature won't be live when the USDS token goes live and the old DAI token will remain in circulation unchanged. Read more
BlackRock Lists Ethereum ETF on Brazilian Stock Exchange
The company earlier this year listed its iShares Bitcoin Trust ETF in the South American country. Read more
Blockchain Data Warehouse Space and Time Raises $20M Series A to Accelerate Development of AI Tools
The funding round, which takes SxT's total backing to $50 million, was led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital. Read more
Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
Marathon Digital, the largest publicly traded miner, is buying bitcoin in the open market, despite acquiring the digital assets at a discount via mining. Read more
Trump Releases Fourth Drop of His NFT Trading Cards
The new collection will offer buyers a piece of the candidate’s suit from his debate with President Joe Biden. Read more
The Crypto Bull Market Has Created 88K New Millionaires in 2024: Henley Global
The recent cryptocurrency bull market has created more than 88,000 new crypto millionaires and six crypto billionaires, according to a report by New World Wealth and Henley & Partners. Read more
Bitcoin Miners Are in M&A Mode: Architect Partners
The effect of miner concentration is yet to be seen, the note said. Read more
MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token
The driving motivation behind the changes was "how to scale DeFi to gigantic size" and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk. Read more
Crypto Bank Xapo to Manage $200M Bitcoin-Denominated Hedge Fund With Hilbert Capital
The fund, set for launch in September, will be available to corporates, businesses and professional investors Read more
Tokenization Pioneer Centrifuge Unveils Lending Market With Morpho, Coinbase
The institutional real-world asset lending market combines Coinbase’s layer-2 network, Base, and Morpho Vaults using three varieties of tokenized Treasury bills. Read more
Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust. Read more
$1.3T in tokenized RWAs by 2030 more likely than $30T — Analyst
One analyst says a Wall Street forecast may be overestimating the amount of money that could flow into tokenized real-world assets by 2030. Read more
Ondo’s USDY yield coin expands to Arbitrum
Tokenized treasury products are gaining widespread adoption on blockchain networks. Read more
Gavin Wood’s biggest hope: Free crypto transactions and Web3 tech worldwide
We need to “divorce Ethereum from Ether” to onboard the 6 billion Web2 users, Wood told Cointelegraph during an exclusive. Read more
Comments