24/7 Blockchain industry dynamics and breaking crypto news
SoftBank plans to issue a record $6.3 billion in retail bonds in Japan, aiming to fund major tech investments, including its commitment to OpenAI. This move highlights the group's aggressive AI strategy and its use of diversified financing for long-term bets.
Read MoreNvidia is in advanced discussions to invest in AI startup Perplexity at a valuation exceeding $300 billion, with a potential technology licensing agreement also under consideration. This move signals Nvidia's strategic expansion into core AI applications.
Read MoreOn-chain data reveals that institutional crypto custodian Ceffu withdrew a total of 120 million USDC from Ethena's Coinbase Prime custody address in six transactions over the past day. The latest withdrawal of 30 million USDC occurred roughly six hours ago. This significant capital movement may indicate strategic shifts in institutional exposure, drawing attention to stablecoin flows and potential market implications.
Read MoreMidday news centers on macro concerns and crypto developments. Economists question Treasury plans, while Wall Street watches the Fed. Polygon's staking overhaul could double yields. Cathie Wood highlights Circle's disruptive potential, and a major Tether mining project faces delays over a power dispute.
Read MoreFed Chair's first Jackson Hole speech as chair comes amid bond market turmoil. Markets seek clarity on policy framework after reduced forward guidance raised transparency concerns. The address could ease long-end yields if it defines inflation pressures, highlighting potential policy divergence with the Treasury.
Read MoreTerm Labs has disclosed a governance attack affecting its Term Vault mechanism, not the core lending protocol. All Meta Vaults are now permanently closed to new deposits, with withdrawals remaining active. The team is working on recovery and warns users to follow only official channels for updates.
Read MoreBinance Alpha will exclusively list TermMax (TMX) on August 25th. Eligible users can claim an airdrop using Alpha Points via the Alpha Events page once trading begins. This guide covers the launch timeline, eligibility, and claim process.
Read MoreSolana validators are now voting on three pivotal governance proposals (SGP-0001 to 0003), covering the activation of an on-chain constitution, adjustments to the deflation rate, and a major overhaul of the transaction fee structure. The outcome will shape the network's future governance and economic model.
Read MoreFormer AllianceBernstein chief economist Joseph Carson doubts Treasury Secretary's plan to cut US national debt. He suggests no concrete strategy exists, and claims may be misleading to calm markets, with real power resting with Congress over spending and taxes.
Read MoreUpbit, a major South Korean cryptocurrency exchange, has announced it will list LIT for Korean Won (KRW) trading starting August 24th. This move opens a direct fiat gateway for local investors, potentially boosting LIT's liquidity and accessibility in a key market.
Read MoreBitcoin has fallen below the key $77,000 support level, currently trading around $76,996.84 with a 24-hour decline of 0.28%. Market volatility has increased significantly, prompting investors to exercise caution and implement appropriate risk management strategies.
Read MoreARK Invest's Cathie Wood suggests that while Circle's post-IPO volatility indicates market inefficiencies, technological forces are reshaping finance. Compared to Visa and Mastercard's historical trajectories, disruptive firms like Circle may be undervalued long-term and are positioned to benefit significantly from this transformation.
Read MorePolygon is advancing a major staking and tokenomics reform proposal. Key changes include a native staking mechanism and distributing transaction priority fees to POL stakers, potentially doubling yields. The network also reported a 10x revenue increase this year alongside performance upgrades.
Read MoreA multi-chain anti-MEV DEX aggregator built on LayerZero has opened its NFT eligibility portal. Minting is scheduled for August 28th at 8 PM UTC+8, with a total supply of 6,666 NFTs. Notably, 4,000 of these will be allocated to the project treasury, marking a key phase in its ecosystem expansion.
Read MoreSouth Korea's leading crypto exchange Bithumb has launched a PROM/KRW trading pair today. The exchange will support deposits and withdrawals via the Ethereum network, with a base price set at 3,975 KRW. Trading is scheduled to begin at 1:00 PM KST.
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