Bitcoin surged by 4% back to $61,550 on Wednesday as speculation grew that Robert F. Kennedy Jr. may soon exit the 2024 U.S. Presidential race to endorse Donald Trump. The news has re-established Trump as a betting favorite to win the November election, which is thought by analysts to have major implications for Bitcoin’s short-term […]
The Brazilian Securities and Exchange Commission (CVM) has greenlighted a second Solana exchange-traded fund (ETF) weeks after it approved its first one on August 8. According to the CVM’s central database, the product will be launched by Hashdex, an asset manager based in Brazil, in collaboration with the local investment bank BTG Pactual. Brazil’s Second […]
On Tuesday, a cryptocurrency whale suffered a loss, with approximately $55.4 million worth of Dai stablecoin stolen in a phishing attack. According to the blockchain security firm CertiK, the attacker likely used a phishing tool known as Inferno Drainer to gain access to the whale’s externally owned account (EOA). Inferno Drainer Phishing Attack The incident […]
The bankrupt Mt. Gox Bitcoin exchange transferred 13,265 BTC worth around $784 million on Aug. 21, according to Arkham Intelligence. 12,000 BTC were then directed to a new address, while the remaining 1,265 went into a cold wallet associated with Mt. Gox. It is the first major movement of BTC by the exchange trustee in three […]
Tokyo’s Metaplanet investment firm revealed that it has acquired an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million amidst the current market lull to set the stage for long-term growth. This purchase is part of the strategy announced on August 8, following the firm’s acquisition of a 1 billion yen loan, […]
A new malicious browser extension called the “Bull Checker” is reportedly targeting Solana users on Reddit by masquerading as a meme coin tracker. This extension evades detection systems and has drained Solana users’ wallets. Solana Users Targeted In the past week, Jupiter’s pseudonymous founder, Meow, reported that a few Solana DeFi users experienced unauthorized token […]
The price of ether (ETH) has plummeted more than 20% in the past month despite the launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Since their inception, the funds have witnessed substantial outflows, further weakening ether’s price. According to the latest edition of the Bitfinex Alpha report, Ethereum ETFs have failed to […]
There are growing rumors in Washington that Vice President Kamala Harris may nominate SEC Chair Gary Gensler as Treasury Secretary if she wins at the polls in November. Those rumors corroborate what top Republicans have also told the Washington Reporter on the record it reported on Aug. 19. Speaking to the outlet, Minnesota representative Tom […]
Hut 8 Corp. (HUT), a leading North American Bitcoin miner, announced its financial results for the second quarter ending June 30, 2024. The company reported a net loss of $71.9 million despite a 72% year-over-year revenue increase to $35.2 million. Hut 8’s Q2 Financial Results In an August 13 press release, Hut 8 reported that […]
New research by Chainplay highlights a staggering 97% failure rate for meme coin projects since 2024. The data shows that meme coins have an average lifespan of just one year, while typical crypto projects last about three years. The Mortality Rate of Meme Coin Projects According to AlphaQuest, a crypto research tool, an average of […]