Category Archive: Cryptocurrency, No picture
CFTC charges Uniswap Labs for illegal crypto derivatives trading, imposes $175,000 penalty
Key Takeaways CFTC fined Uniswap Labs $175,000 for illegally offering crypto derivatives trading. Uniswap Labs’ leveraged tokens were deemed unauthorized commodity transactions by the CFTC. Share this article The US Commodity Futures Trading Commission (CFTC) has issued an order against Uniswap Labs for allegedly illegally offering crypto derivatives through tokens equivalent to leveraged positions. According […]
Liquidity fragmentation on Bitcoin is a necessary issue to reach scalability – Neon EVM exec
Key Takeaways Bitcoin’s L2 projects aim to enable smart contracts and improve scalability, but introduce liquidity fragmentation. Talent scarcity in blockchain development poses challenges for Bitcoin’s smart contract ecosystem growth. Share this article According to Signal21 Analytics data, 21 layer-2 (L2) projects are being built on Bitcoin’s (BTC) ecosystem. The idea behind these projects is […]
Bitcoin short-term holders underwater as market pressure mounts – Glassnode
Key Takeaways Bitcoin short-term holders are experiencing significant unrealized losses amid market pressure. The Sell-Side Risk Ratio suggests a saturation of profit and loss-taking activities in the current price range. Share this article Bitcoin (BTC) short-term holders are bearing the brunt of market pressure as prices stay underwater, as reported by Glassnode. The Short-Term Holder […]
AI tokens daily losses surpass market’s average downturn after DOJ subpoenas Nvidia
Key Takeaways AI tokens fell 7.1% on average, outpacing Bitcoin and Ethereum’s 4.3% and 4.4% declines. Blockchain AI agents category experienced an 11.1% average intraday drop amid the market downturn. Share this article Nvidia got subpoenaed by the US Department of Justice (DOJ) on Sept. 3 as the chipmaker is investigated over potential antitrust law […]
Polygon begins migration from MATIC to POL, boosting its ‘hyperproductive’ utility
Key Takeaways POL token now primary for gas and staking in Polygon network. Community can earn fees from multiple sources with POL. Share this article Polygon has executed a key technical upgrade, converting its native MATIC cryptocurrency to the new POL token on a 1:1 basis. The upgrade, effective September 4, aims to enhance the […]
Ripple will soon debut its RLUSD stablecoin, says Brad Garlinghouse
Key Takeaways Ripple’s new stablecoin, Ripple USD, is in closed beta and set to launch soon. CEO Brad Garlinghouse has no interest in pursuing a US IPO due to SEC hostility. Share this article Ripple is on the brink of rolling out its US dollar-pegged stablecoin, Ripple USD (RLUSD), said Ripple CEO Brad Garlinghouse during […]
US Bitcoin ETFs bleed $288 million post-Labor Day
Key Takeaways Fidelity’s FBTC faced a significant withdrawal, marking its second-largest since inception. Grayscale’s GBTC approaches $20 billion in cumulative outflows amid market challenges. Share this article ETF investors hit the sell button after returning from the Labor Day holiday weekend.US spot Bitcoin exchange-traded funds (ETFs) kicked off September trading with approximately $288 million in […]
SEC charges Galois Capital for FTX-linked custody violations
Key Takeaways Galois Capital failed to use a qualified custodian for crypto assets, violating the Custody Rule. The firm misled investors about redemption policies, favoring some over others. Share this article The US Securities and Exchange Commission (SEC) has charged Galois Capital Management, a former registered investment adviser, with violations of the Investment Advisers Act. […]
Analysts weigh in: will Bitcoin’s September slump repeat this year?
Key Takeaways Bitcoin historically faces volatility in September, with an average 7% drawdown. Potential Fed rate cut adds complexity to Bitcoin’s September performance forecast. Share this article September is a traditionally volatile month for Bitcoin (BTC) that usually results in monthly losses, according to analysts. The projection is that BTC could fall to $55,000 if […]
Aave and Sky forge alliance to turbocharge the DeFi ecosystem
Key Takeaways Aave and Sky partner to integrate new tokens USDS and sUSDS into Aave platform. Collaboration aims to boost USDS adoption and increase Aave’s total value locked. Share this article Decentralized applications Aave and Sky have announced a joint effort to take the decentralized finance (DeFi) ecosystem to the traditional finance realm.Named Sky Aave […]
