Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer. In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, put the odds of a dip to local lows at 50/50. BTC price may see “last big dip” in September While Bitcoin bulls continue their breakout attempts above…
In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1. According to insights from on-chain analyst Aleksandar Djakovic, this decline signifies…
Coinbase has launched the mainnet for Base, its Ethereum layer-2 network, as part of its bid to spur the development of millions of new decentralized apps. After months in development, Coinbase is launching its Base through a month-long launch event called Onchain Summer. Since it was announced last week, the enthusiasm around Base has been strong with just over $142…
Blockchain institutional capital marketplace Maple Finance has secured an exemption from the United States Securities and Exchange Commission (SEC) to offer its one-month U.S. Treasury yields to accredited investors in the U.S. Before the Aug. 9 announcement, the Maple Finance Treasury Pools were only available to accredited investors outside the U.S. Through the SEC Regulation D Rule 506(c) Exemption, a…
Aptos is one of the best-performing digital assets after Microsoft announced it was partnering with the developer behind the blockchain. Aptos Labs said in a Wednesday statement that it was joining forces with Microsoft in a multiyear partnership to expand global Web3 with Microsoft’s Azure OpenAI Service and Aptos blockchain technology. Aptos—which trades as APT—is currently up 13% in the…
Blockchain security firm PeckShield revealed fresh vulnerabilities targeting decentralized finance (DeFi) projects on Aug. 9. According to the firm, Aave protocol’s Earning Farm has been compromised by a reentrancy attack, resulting in the theft of at least $287,000 worth of Ether (ETH). #PeckShieldAlert ~$287K #Ethereum pic.twitter.com/TOQ9oSzcGN — PeckShield Inc. (@peckshield) August 9, 2023 A reentrancy attack is like tricking an…
SpiritSwap, a decentralized exchange (DEX) built on smart contract platform Fantom, will wind down operations from Sept. 1, citing exposure to troubled Chinese cross-chain protocol Multichain. In the Aug. 9 announcement via Discord, developers revealed that the Multichain hack left SpiritSwap’s entire treasury drained and, therefore, “without the means to finance essential aspects of our operation,” including operational costs, salaries…
According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phas… Source: https://cointelegraph.com/public/index.php/news/russia-cbdc-digital-ruble-trials-banks
The price of Shiba Inu (SHIB) is up today amid a broader crypto market upswing and a supportive fundamental factor. What’s driving SHIB’s price upward? On Aug. 9, the SHIB price jumped nearly 5.75% to $0.00001005, continuing a rebound trend that started two days ago. Overall, the price has reversed approximately 15% from its recent low of $0.0000947. SHIB/USD daily…
Galaxy Digital’s latest earnings report revealed smaller losses thanks to a resurgent cryptocurrency market, which saw the price of Bitcoin jump roughly 80% since the start of the year. The report suggests a noteworthy financial turnaround, with the New York-based firm helmed by the billionaire investor and Bitcoin bull Michael Novogratz reporting a net loss of $46 million for the…
