Category Archive: Cryptocurrency, No picture
Ethereum leads $176 million crypto fund inflows as investors buy the dip
Key Takeaways Digital asset investment products saw $176m in inflows as investors bought the recent price dip. Ethereum attracted $155m in inflows, bringing its year-to-date total to $862m, the highest since 2021. Crypto funds attracted $176 million in inflows last week, with products indexed to Ethereum (ETH) leading the pack with $155 million in inflows, […]
Canto blockchain experiences prolonged outage, fix scheduled for Monday
Key Takeaways Canto blockchain’s transaction processing halted for two days due to a consensus issue. Canto’s native token value dropped by 21% during the outage but later recovered. Canto, a layer-1 blockchain platform, has been non-operational since August 10 due to a consensus issue, with a resolution planned for August 12.The blockchain ceased processing transactions […]
BlackRock Ethereum ETF on track to hit $1B net inflows
Key Takeaways BlackRock’s Ethereum ETF has accumulated $901 million since its launch and may soon hit $1 billion in net inflows. Grayscale’s Ethereum ETF remains the dominant player in the market despite intense outflows. BlackRock’s Ethereum exchange-traded fund (ETF), the iShares Ethereum Trust, could become the first US spot Ethereum fund to hit $1 billion […]
Celsius sues Tether for $2.4B in Bitcoin, Tether strikes back, calls case a “shakedown”
Key Takeaways Celsius accused Tether of wrongdoing in a 2022 agreement where Tether provided USDT to Celsius against BTC collateral. Tether denied wrongdoing, claimed the lawsuit is baseless and a “shakedown” attempt to recover losses from Celsius’ mismanagement. Tether, the issuer of the stablecoin USDT, has fired back at Celsius Network in response to a […]
Charles Hoskinson says voting for Kamala Harris is a threat to US crypto sector
Key Takeaways Hoskinson and Winklevoss criticized the Biden-Harris administration’s actions against the crypto industry, warning that a Harris presidency could further harm the sector. The Democrats reportedly launched a new campaign to win support from crypto voters and strengthen Harris’s campaign. Charles Hoskinson, the founder of Cardano, warned that voting for Kamala Harris in the […]
Bitcoin must hold $60,600 as support for further upside, says trader
Key Takeaways Bitcoin broke $62,000 on Aug. 8, needing to hold $60,600 as support for potential $65,000 test. Spot Bitcoin ETFs saw $195 million inflow on Aug. 8, with BlackRock’s IBIT leading at $157.6 million. Bitcoin (BTC) broke $62,000 on Aug. 8 and now needs to hold the $60,600 level as support on the daily […]
DeFi protocols show resilience despite this week’s macro crash: IntoTheBlock
Key Takeaways Aave successfully executed $300M in liquidations during the market crash, contributing $6M in profits to its DAO. Liquid restaking tokens and yield-bearing stablecoins experienced brief depegs but quickly recovered, demonstrating market stability. DeFi protocols demonstrated resilience during this week’s market crash, with Aave facing its largest liquidations ever amounting to $300 million on […]
Justin Sun delivers keynote and fireside chat at ABS2024, TRON DAO featured as title sponsor
Geneva, Switzerland, August 9, 2024 – The Asia Blockchain Summit 2024 (ABS2024), featured TRON DAO as a Title Sponsor and welcomed TRON founder Justin Sun to deliver a keynote speech. Sun also participated in a thought-provoking fireside chat with Song Hongbin, author of “Currency Wars”. The summit convened leaders from Web3, and various industries to […]
Ethereum turns inflationary for the first time in two years amid July network slump
Key Takeaways Ethereum turned inflationary in Q2 2024, adding 120,818 ETH to its supply in Q2. Uniswap remains the largest ETH burner, despite a 72.4% drop in burn rate from Q1 to Q2 2024. Ethereum (ETH) has turned inflationary in 2024 for the first time since 2022. Despite burning 465,657 ETH since the start of […]
Solana devs and validators patch critical vulnerability, preventing a network-wide outage
Key Takeaways Solana’s quick response to a critical flaw prevented potential network issues. The security patch was applied before public disclosure to ensure network integrity. Solana developers, validators, and client teams have successfully patched a critical security vulnerability on the network, securing the blockchain before disclosing the information to the public.Solana validator Laine stated on […]
