July proved to be a breakout month for Web3. The decentralized finance (DeFi) sector, especially, which drover much of the momentum, according to DappRadar. Total value locked (TVL) surged over 30% to end the month at $259 billion and briefly touched an all-time high of $270 billion on July 28. Tokenized Stock Boom The spike […]
Bo Hines, who has led the Trump administration’s White House Crypto Council since December 2024, is stepping down to return to the private sector. During his tenure, Hines oversaw key policy initiatives, including the administration’s push for dedicated crypto regulations and the passage of the GENIUS Act, which established a framework for dollar-pegged stablecoins. Bo […]
The US Securities and Exchange Commission (SEC) may be entering a new phase in its approach to digital assets. This shift may have gone largely unnoticed by the market, according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management. Market Sleeping On SEC’s Pivot? In a recent investor note, Hougan pointed to the speech […]
Ethereum (ETH) has surged past the $4,200 mark for the first time since December 2024. The latest milestone comes with a retail optimism, which is overshadowing bearish views. Bullish Hashtags Dominate Social Media Ether is currently trading above $4,200, and this surge has sparked optimism among traders. In fact, social media sentiment shows a strong […]
Maestro, a leading Bitcoin Finance (BitcoinFi) infrastructure provider, has published the “State of BitcoinFi” report, which brings forward an ecosystem-wide analysis on its financial applications, infrastructure, and ongoing development from a store of value to empowering traditional finance’s (TradFi) on-chain transition. Maestro anticipates volumes to keep surging as enterprises continue to stack BTC in their […]
A violent attack in central Paris has left a man without a hard drive containing €2 million worth of Bitcoin. The incident, which took place on Tuesday evening, August 5, is the latest in a growing pattern of crypto-related crimes in France. Details Of The Attack According to local media reports, the incident began at […]
Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner, Binance, and failures in its anti-money laundering program. NYDFS Probe Finds Paxos Lacked Oversight According to an August 7 press release, the terms of the […]
Around 35,000 Bitcoin options contracts will expire on Friday, August 8, and they have a notional value of roughly $4.1 billion. This expiry event is smaller than last week’s, so it is unlikely to be enough to influence spot markets, which have started to recover following news in the US that Donald Trump has allowed […]
One of the leading decentralized exchanges received words of encouragement from a prominent figure in the crypto space. Even though the project’s results are significant, it can’t seem to return to its prior feats, and there are growing concerns about governance. More Room to Grow Matt Hougan, Chief Investment Officer at Bitwise, the largest provider of […]
Changpeng Zhao (CZ) has filed a motion to dismiss a $1.76 billion lawsuit brought against him by the FTX bankruptcy trust. He says the court has no legal authority over him because he lives in the United Arab Emirates (UAE). CZ’s Defence According to a Bloomberg report, his legal team submitted the motion on Monday […]