Category Archive: Cryptocurrency, No picture
US Bitcoin ETFs net over $500M in a single week as Grayscale’s outflows slow down
Key Takeaways BlackRock’s IBIT led Bitcoin ETF inflows with over $310 million last week. Grayscale’s GBTC outflows continued but at a reduced pace, losing about $86 million. Share this article Investors poured over $500 million into ten exchange-traded funds (ETFs) that track the spot price of Bitcoin last week, data from Farside Investors showed. The […]
Polymarket is a ‘social epistemic tool’ for the public, Vitalik Buterin argues as CFTC scrutiny intensifies
Key Takeaways Polymarket’s trading volume surpassed $390 million as interest in election bets grows. Vitalik Buterin argues against categorizing Polymarket as gambling. Share this article Ethereum co-founder Vitalik Buterin has come to the defense of Polymarket, a decentralized prediction market platform, as it faces increasing regulatory scrutiny. Buterin’s support comes at a crucial time when […]
Rumble CEO exits Europe amid Telegram CEO’s detention
Key Takeaways Rumble CEO Chris Pavlovski has left Europe following threats from France. Telegram insists its moderation practices comply with EU laws despite CEO’s arrest. Share this article Chris Pavlovski, the founder and CEO of Rumble, a free speech-friendly alternative to mainstream platforms like YouTube, said he had left Europe following the recent arrest of […]
Toncoin drops 18%, Notcoin tumbles following arrest of Telegram CEO Pavel Durov
Key Takeaways Pavel Durov’s arrest in France led to a 18% drop in Toncoin’s value. French authorities link Durov with crimes facilitated through Telegram’s lack of moderation. Share this article The price of Toncoin (TON) fell as much as 18% to below $5.53 on Sunday following news that Pavel Durov, the co-founder and CEO of […]
Trump Jr. wants to ‘make finance great again’ with new DeFi project
Key Takeaways The DeFiant Ones DeFi platform was announced by Donald Trump Jr. to overhaul traditional financial systems. Over 42,000 subscribers joined the official Telegram group for updates on the Trump DeFi project. Share this article Donald Trump Jr. has revealed plans for a new cryptocurrency project that aims to operate outside traditional banking systems. […]
Bitcoin jumps 1.1% as Powell signals Fed policy adjustment
Key Takeaways Bitcoin rose 1.1% after Fed Chair Powell hinted at policy adjustment at Jackson Hole. Polymarket bets on a 50 basis point rate cut increased to $1.9 million following Powell’s speech. Share this article Fed Chairman Jerome Powell’s speech at Jackson Hole today reinforced the expectations of an interest rate cut in September, as […]
Russia plans to set up crypto exchanges to support global trade
Key Takeaways Russia plans to establish crypto exchanges in Moscow and St Petersburg to support international trade. The exchanges will use stablecoins linked to the Chinese yuan and BRICS currencies to reduce US Dollar dependency. Share this article Russia is considering setting up at least two crypto exchanges in a bid to boost global trade, […]
Fetch.ai opens new AI lab in San Francisco, commits $10M per year to support startups
Key Takeaways Fetch.ai has launched an Innovation Lab in San Francisco with a $10 million annual funding pledge. The lab focuses on developing AI agent solutions that deliver real-world value. Share this article Fetch.ai, a founding member of the Artificial Superintelligence Alliance, has opened its Innovation Lab in San Francisco, the company shared in a […]
Kraken operator loses case in Australia over margin trading product
Key Takeaways Bit Trade failed to comply with design and distribution obligations for its margin trading product. ASIC plans to seek financial penalties against Kraken’s Australian operator. Share this article The Australian operator of Kraken exchange, Bit Trade Pty, has lost a case in Australia’s Federal Court over its margin trading product. As Reuters reported, […]
US Bitcoin ETFs extend inflow streak as BlackRock reels in $75 million
Key Takeaways BlackRock’s US Bitcoin ETFs gained $75 million in new inflows on August 22. US spot Bitcoin ETFs have seen six consecutive days of inflows, totaling over $250 million so far this week. Share this article US spot Bitcoin exchange-traded funds (ETFs) have secured their sixth consecutive day of positive performance after collectively taking […]
