Based on Wednesday’s upcoming CPI reading, Bitcoin lost a key trend line when it fell under $63,000, but it could still be on track to recover. Source: https://cointelegraph.com/news/bitcoin-price-dip-retest-55k-next-leg-up?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Bitcoin miner Argo repays $35M Galaxy bailout loan
The loan saved Argo from bankruptcy during the crypto winter of 2022. Source: https://cointelegraph.com/news/bitcoin-miner-argo-repays-35m-galaxy-loan?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hamster Kombat Rejected Numerous Venture Capital Investments; Players Will Not Become ‘Exit Liquidity’
Hamster Kombat, the popular tap-to-earn sensation, revealed having rejected several investment proposals from some of the biggest venture capital firms in the crypto industry. The team behind the game declared that it would not allow players to become exit liquidity for their backers, as has happened in other projects. Hamster Kombat Has Rejected Venture Capital […] Source: https://news.bitcoin.com/hamster-kombat-rejected-numerous-venture-capital-investments-players-will-not-become-exit-liquidity/
Tigran Gambaryan's health worsens, surgery now required
Gambaryan has been detained in Nigeria since February 2024 and has suffered numerous chronic health conditions during that time. Source: https://cointelegraph.com/news/tigran-gambaryan-health-worsens-surgery-required?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
PEPU Presale Raises $8M for New Ethereum-Beating Layer-2 Solution
Pepe Unchained (PEPU), one of the most talked-about new meme coin projects, has just passed $8 million in its presale phase. But this isn’t just another quick cash grab. The team is on a mission to build a powerful new Layer-2 solution – with speeds and fees that could give Ethereum a run for its […] Source: https://news.bitcoin.com/pepu-presale-raises-8m-for-new-ethereum-beating-layer-2-solution/
Digital Asset Fund Inflows Spike as Market Corrects, Ethereum Leads With $155M
Digital asset investment products saw a significant rebound in inflows, totaling $176 million, as investors took advantage of recent price corrections. According to Coinshares and its lead research analyst James Butterfill, ethereum was the standout performer, benefiting the most from these market dynamics. Coinshares Reports $176 Million Inflows Into Digital Asset Funds Coinshares reported that […] Source: https://news.bitcoin.com/digital-asset-fund-inflows-spike-as-market-corrects-ethereum-leads-with-155m/
Crypto Startups Raised $2.7 Billion in Q2—Here’s the Good and Bad News
In a notable shift from the previous quarter, venture capital (VC) funding in the cryptocurrency sector experienced a modest rise in total investment value during Q2 2024, even as the number of deals saw a significant decline. According to the latest PitchBook report, startups in the crypto space secured a total of $2.7 billion across 503 deals. The good news…
Euler announces 29 audit reports after $4M spent to shore up security
Some vulnerabilities in Euler v2 were found and resolved, and a subsequent $1.25 million bug bounty contest found no vulnerabilities of medium or greater severity. Source: https://cointelegraph.com/news/euler-announces-29-audit-reports-shore-up-security?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Lido community votes to bring stETH to Binance BNB Chain
Lido Finance is the market leader in Ethereum staking, claiming 28.2% of net ETH deposits. Source: https://cointelegraph.com/news/lido-community-vote-steth-binance-bnb-chain?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Aleph Zero launches zkOS-powered Ethereum layer 2 mainnet
Aleph Zero’s mainnet launch integrates Arbitrum Orbit technology and zkOS tools to revolutionize blockchain privacy and speed. Source: https://cointelegraph.com/news/aleph-zero-launches-zkos-privacy-layer2?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound