24/7 Blockchain industry dynamics and breaking crypto news
Bitcoin 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.
Read MorePhantom wallet will discontinue support for the Sui network on September 24, 2026. Users are advised to transfer their SUI assets to other compatible wallets or exchange them for other supported cryptocurrencies before the deadline to avoid service disruption.
Read MoreData reveals 49.6 million U.S. adults hold Bitcoin, significantly outpacing gold's 28.8 million holders. This gap highlights the growing influence of digital assets in mainstream portfolios and a potential shift in wealth storage preferences.
Read MoreThe Trump token team has sold another 1.1 million tokens, cashing out $2.94 million via unilateral liquidity provision. This follows a massive transfer to an exchange, raising fears of sustained selling pressure and a potential price downturn.
Read MoreAAVE's price has decisively broken through the $140 level, currently trading at $140.01 with a remarkable 24-hour surge of 10.58%. This sharp movement indicates heightened market volatility, urging investors to exercise caution and implement robust risk management measures.
Read MoreOn-chain data reveals BitMEX co-founder Arthur Hayes repurchased 1.9 million ETHFI tokens worth ~$1.17 million within 4 hours. This contrasts with his loss-making sale four months prior, sparking analysis of his shifting strategy and valuation of the asset’s fundamentals.
Read MoreBNB has broken below the critical $700 support level, currently trading at $699.97 with a 0.53% 24-hour gain amid heightened volatility. This movement signals increased market uncertainty, requiring investors to prioritize risk management strategies.
Read MoreOn August 24, DeFi fixed-rate lending protocol Term Finance suffered a governance attack, losing approximately $8.5 million. The attacker drained ETH and stablecoins from its vaults. Security measures like timelocks and LP veto failed to prevent the exploit, highlighting risks in custom governance layers.
Read MoreSouth Korea's KOSPI index opened 0.73% lower on August 24, with semiconductor stocks showing divergent trends. SK Hynix gained nearly 3% while Samsung Electronics fell 4%. Japan's Nikkei 225 also opened slightly lower, reflecting regional market caution.
Read MoreAI platform Hugging Face is reportedly exploring a sale with potential valuation exceeding $130 billion. The company has engaged a bank to gauge buyer interest, signaling what could become one of the most transformative deals in AI infrastructure.
Read MoreTether's $120 million bitcoin mining project in Uruguay has stalled due to a power contract dispute with the state utility UTE. A disagreement over contractual power volume led to supply cuts and business termination. Despite this setback, Tether continues expanding its energy and mining footprint in the region.
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