24/7 Blockchain industry dynamics and breaking crypto news
Coinbase Pro witnessed a significant outflow of 3,191 BTC, valued at approximately $319 million, over the past 24 hours according to AiCoin data. This substantial movement has drawn market attention, with the exchange's BTC wallet balance now around 849,800 coins.
Read MorePrivacy-focused cryptocurrency Zcash has surged roughly 19-fold over the past year. Grayscale analysis suggests it remains deeply undervalued at less than 1% of Bitcoin's market cap. The report outlines potential price targets if ZEC captures a larger share, coinciding with its ETF launch and unique privacy technology.
Read MoreThe cryptocurrency market witnessed extreme volatility over the past two weeks, resulting in a staggering $9.71 billion in total liquidations. Short positions accounted for $6.55 billion of this sum, significantly outweighing long position liquidations of $3.16 billion, highlighting intense market turbulence.
Read MoreDecentralized yield protocol Neutrl has suspended smart contracts due to strategy position issues affecting liquidity. With $27M in liquid assets, it plans early redemption for NUSD/sNUSD holders in early September, pending deployment and audit. Trading is discouraged during assessment.
Read MoreIran's Deputy Foreign Minister stated that while Tehran and Oman have reached an understanding on Strait of Hormuz transit arrangements, implementation depends on the US fulfilling its obligations. Iran shows no urgency to reopen the strategic waterway.
Read MoreKey developments on August 30 include BitGo's acquisition of NYDIG's trading desk, a CFTC enforcement action, record DEX volume on Robinhood Chain, and notable commentary on Bitcoin's price trajectory from traders.
Read MoreThe US government has moved a small portion of Bitcoin seized from Alameda Research, sparking market anxiety. Investors fear the remaining large holdings could be liquidated, potentially creating significant selling pressure. No official disposal plan has been announced.
Read MoreDeFiLlama data shows Robinhood Chain's on-chain DEX daily volume hit a record $944.57 million on August 29, surpassing July's peak. Volume has rebounded strongly from around $300 million in mid-August, marking multiple consecutive days of growth.
Read MoreDecentralized yield protocol Neutrl suspended smart contracts due to issues with a strategy position affecting partial reserve liquidity. The protocol holds approximately $27 million in liquid assets and plans to open an early redemption mechanism for NUSD and sNUSD holders by early September, pending audits and reviews. Users are advised to halt trading of affected tokens.
Read MoreNasdaq-listed miner Bitdeer sold all 273.5 BTC mined in the week ending August 28, maintaining zero bitcoin holdings. This "sell-as-you-mine" approach highlights how some public miners manage cash flow and price risk during market downturns.
Read MoreSolana's first binding on-chain governance vote saw the SGP-0002 proposal, aiming to accelerate inflation reduction, narrowly pass with 67% support. Last-minute lobbying shifted a key validator's vote, pushing the measure to raise the annual deflation adjustment rate from 15% to 30%, altering SOL's long-term tokenomics.
Read MoreAnthropic is reportedly planning to allow existing shareholders to sell shares during its upcoming IPO, while considering longer post-IPO lock-up periods. This contrasts with SpaceX's approach of restricting such sales, highlighting divergent strategies for major tech listings. The AI firm's private valuation approaches $1 trillion, with IPO estimates reaching $1.5 trillion.
Read MoreThe BIS General Manager argues stablecoins lack reliability for mass payments due to risks like higher bank costs and threats to monetary sovereignty. He positions tokenized deposits, backed by existing banking systems, as the superior technology for mainstream adoption, suggesting a specialized future role for stablecoins.
Read MoreIran's Deputy Foreign Minister stated on August 30 that the Strait of Hormuz is completely closed, requiring prior coordination and Iranian approval for any vessel transit. He asserted full military control over the strategic waterway, dismissed U.S. claims of free passage, and linked reopening to U.S. compliance with commitments.
Read MoreThe GIGGLE team has filed a federal trademark application with the USPTO for the NIANNIAN token via a new holding entity. The application covers crypto exchange, transfer, and trading services, marking a strategic step toward legal protection and potential action against copycat projects upon successful registration.
Read More