24/7 Blockchain industry dynamics and breaking crypto news
Alibaba announced its first new share placement since its 2019 Hong Kong listing, aiming to raise HK$80 billion. All proceeds are dedicated to investing in full-stack AI capabilities and infrastructure, solidifying its global leadership in artificial intelligence.
Read MoreA major US banking group proposes extending KYC rules from stablecoin issuers to all secondary market platforms to curb illicit activity. Regulators note practical challenges in enforcing this on anonymous blockchain networks.
Read MoreThe European Commission is consulting on whether to extend the MiCA framework to cover DeFi lending and crypto borrowing. The main challenge is defining the legal status of decentralized lending vaults, whose distributed control complicates regulatory identification. The consultation closes in late September.
Read MoreAs Bitcoin dipped below $76K, a whale known as "10 Big Goals" saw its BTC short position turn profitable by ~$800K. Meanwhile, its ETH short incurred a ~$30K loss, highlighting the intricate risks in crypto trading.
Read MoreFormer President Trump criticized Canada for imposing high tariffs on U.S. farmers while allegedly wanting economic benefits akin to being a U.S. state without actual membership, reigniting focus on trade relations.
Read MoreTwo successive CEOs of Polish crypto exchange Zondacrypto have gone missing, with the founder suspected dead. The company claims to hold $330M in Bitcoin, but the sole access key disappeared with him. Estonia revoked its parent company's license, and Polish prosecutors are investigating alleged ties to criminal organizations.
Read MoreUSDC's circulating supply surged by approximately 800 million in the past week, reaching 72.7 billion. Its $72.9 billion reserves, primarily in U.S. Treasuries and institutional deposits, underscore the stablecoin's robust backing and growing market presence.
Read MoreRipple's CEO reports that major TradFi institutions, including Nasdaq and CME, agreed at a CFTC meeting that outdated regulations hinder innovation. The industry's long-standing call for clarity is now closer than ever, with government and congressional support driving progress toward modernized rules.
Read MoreUS Rep. Rashida Tlaib's latest financial disclosure reveals holdings of Bitcoin and Ethereum ETFs within her $1.2M retirement account. This contrasts sharply with her recent vote against the pro-crypto CLARITY Act, raising questions about the alignment between her policy stance and personal investments.
Read MoreKey midday updates: Grayscale sees Bitcoin's current price as a potential entry point, while Standard Chartered is even more bullish. Polygon proposes staking reforms, Nvidia server costs surge over 15%, and South Korea's institutional crypto adoption accelerates. Trump-related token movements noted.
Read MoreBitcoin has unexpectedly fallen below the key $77,000 support level, currently trading around $76,999. The 24-hour decline exceeds 2%, signaling heightened market volatility. Investors are advised to monitor technical indicators closely and strengthen risk management protocols amid potential price swings.
Read MoreGrayscale's head of research suggests current Bitcoin prices may offer a favorable entry point for long-term investors, analyzing structural adoption trends, market cycle positioning, and macro risks. While long-term fundamentals remain solid and the bear market may be in its late stages, macroeconomic uncertainty persists as a key variable.
Read MoreData from South Korea's FSS reveals 6590 corporate accounts across five major crypto exchanges, holding assets worth over $31 million. While institutional participation is rising, only 10.8% have completed full KYC, highlighting a significant compliance gap amid rapid market maturation.
Read MorePolygon's CEO revealed a proposal to overhaul staking and tokenomics on the PoS chain. The plan introduces native staking, directs all transaction priority fees to stakers, potentially doubling rewards from real network fees. It also offers extra benefits and improved liquidity. Code will be submitted for community approval.
Read MoreOn-chain activity reveals a major mining pool co-founder transferred 12,765 ETH to an exchange, withdrawing stablecoins to repay loans, likely to reduce leverage. The address still holds over $230M in crypto, signaling proactive risk management amid market volatility.
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