24/7 Blockchain industry dynamics and breaking crypto news
Polygon'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.
Read MoreOfficial filings reveal Trump's extensive June stock trading, including notable moves in crypto-related equities. He sold portions of his Coinbase and Strategy holdings while making a small purchase of Robinhood shares. Crypto stock transactions represented a minor portion of his total trading activity for the month.
Read MoreStandard Chartered's digital asset research head Geoff Kendrick suggests Bitcoin could challenge the $126,000 record by year-end, with accelerated growth likely after October 6. He admits his earlier $100,000 forecast may be too low, citing reduced short positions and returning ETF inflows.
Read MoreMajor South Korean crypto exchange Upbit has officially listed the FOLD token, opening trading pairs with Korean Won, Bitcoin, and USDT. Trading commenced at 12:30 PM local time on August 23rd, expanding investment options for Korean users.
Read MoreKeeta Network's CEO stated that key evidence identifying the attacker has been collected. The network demands full fund return within 72 hours, offering a potential reward for compliance, or legal action will follow.
Read MoreOn August 23, the TAC blockchain announced a temporary network halt following a security exploit affecting its token supply. The team is investigating the incident with validators and will provide updates on recovery plans via official channels.
Read MoreNFT trading volume surged 155.23% week-over-week to $97.86 million, with buyer and seller counts both jumping over 50%. Ethereum led the charge with a staggering 579.79% increase in sales, signaling a potential market recovery.
Read MoreBlockchain data reveals that an address linked to the TRUMP meme token team transferred 3.837 million tokens, worth approximately $9.33 million, into the OKX exchange via an institutional custody service. This substantial movement has sparked speculation about potential team strategies regarding liquidity, treasury management, or market positioning.
Read MoreAnalyst Ansem suggests Kraken, with its comprehensive CFTC licenses, could be the ideal HIP-3 deployment partner for Hyperliquid's U.S. expansion. This alliance would merge innovative tech with regulatory infrastructure to access the decentralized derivatives market.
Read MoreThe Crypto Fear & Greed Index has declined from 71 to 66, according to Alternative.me, yet remains firmly in the 'Greed' territory. This shift indicates a slight cooling of sentiment within a broadly optimistic market, highlighting a nuanced shift in investor psychology.
Read MoreIndustry sources indicate NVIDIA has notified key clients of upcoming server price increases due to soaring memory chip costs, with many hikes exceeding 15%. The adjustments will affect systems shipping early next year, including those with new Vera Rubin and Grace Blackwell platforms.
Read MoreNearly 200 ships transited the Hormuz Strait last week, a sharp increase from previous weeks. Over 80% of liquid cargoes opted for diversion via approved Omani routes or sailed with AIS disabled, highlighting evolving risk mitigation strategies at this critical chokepoint.
Read MoreUS spot Bitcoin ETFs attracted $1.9 billion in net inflows last week, while Ethereum ETFs saw approximately $697 million. Combined inflows exceeding $2.5 billion mark the strongest weekly performance of 2024, signaling robust institutional demand.
Read MoreReal estate investment firm Cardone Capital acquired 350 Bitcoin worth $26.9 million on August 23rd. This significant move highlights growing institutional interest in cryptocurrency as an asset class, bridging traditional finance with digital assets.
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