24/7 Blockchain industry dynamics and breaking crypto news
On August 12th, blockchain data revealed significant Bitcoin transfers by a major Japanese BTC reserve company and a leading mining firm. A combined 1,966 BTC, valued at approximately $125 million, was moved within hours, sparking intense speculation within the crypto community regarding the motives behind these large-scale transactions.
Read MoreSouth Korea's exchange plans to raise the minimum trade unit for single-stock leveraged ETFs and ETNs from 1 to 20 shares as early as September, aiming to curb speculative trading. New individual investors must also complete 5 hours of simulated trading before participating.
Read MoreOn August 12, the Korea Exchange temporarily halted program buy orders for five minutes after KOSPI 200 index futures surged 5%, triggering a market stabilization mechanism designed to curb automated trading risks during extreme volatility.
Read MoreLeading South Korean crypto exchange Bithumb has announced the listing of the TRB token on its KRW market. Trading is scheduled to commence at 14:00 local time on August 12th. This move aims to diversify trading pairs and enhance liquidity for TRB within the key Asian market.
Read MoreA critical vulnerability in the Coreum cross-chain bridge allowed an attacker to steal nearly 200,000 XRP by exploiting deposit validation logic. The incident highlights smart contract risks, not ledger or key security, raising concerns for DeFi infrastructure.
Read MoreSouth Korea's leading crypto exchange Upbit announced on August 12th that it will list the PROM token, opening trading pairs with both the Korean Won (KRW) and Tether (USDT). This move provides PROM with enhanced liquidity and direct fiat access to the Korean market.
Read MoreSui launches Tessera, a B2B settlement network built on Seal MPC and privacy transfers. It enables confidential enterprise payments while meeting audit needs, supports flexible transactions and consortium management, with code now open-source.
Read MoreOn August 12, spot gold surged past the key $4400 per ounce level, marking a 0.74% intraday gain. This rally highlights renewed investor interest in the safe-haven asset amid shifting market dynamics and economic indicators.
Read MoreStablecoin payments provider Rain has acquired Ansa, a platform for branded stored-value payments. The merger aims to leverage Rain's Visa/Mastercard membership, allowing partners' closed-loop funds to be spent across global card networks. Rain is also advancing in agentic payments, offering budget-limited cards for AI agents.
Read MoreGoogle CEO Sundar Pichai announced that the Gemini app has reached 1 billion monthly active users, making it the fastest-growing product in Google's history. This marks the 14th Google service to cross the billion-user threshold, highlighting the rapid adoption of generative AI applications.
Read MoreFormer OpenAI executive Kevin Weil is seeking funding for a new AI science startup, targeting a valuation of at least $750 million and aiming to raise $150 million. The venture focuses on applying AI to scientific research, with details still being finalized.
Read MoreBloomberg reports that crypto asset manager Bitwise has reduced its workforce by approximately 14%, from around 180 to 155 employees. CEO Hunter Horsley stated that even post-layoffs, the company maintains its largest team in its eight-year history and expects continued growth as crypto integrates into the global economy.
Read MoreOn-chain data reveals four whale addresses have amassed over $340 million in Bitcoin short positions around the $64,000 price level. This concentrated selling pressure raises questions about near-term market direction and potential volatility.
Read MoreThe SEC and CFTC have jointly filed charges against Goliath Ventures and its founder, alleging a crypto Ponzi scheme exceeding $400 million. The platform promised high returns but was a fraud, with funds misappropriated for personal luxury. The founder has pleaded guilty and faces asset forfeiture, industry bans, and penalties.
Read MoreCoinbase has upgraded its business payment suite, introducing AI Agent payment support, USDT integration, reusable payment links, and flexible pricing. The enhancements streamline crypto acceptance for enterprises, featuring instant USDC settlement to boost capital efficiency and automate transactions.
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