Crypto
AI Summary
- Major financial institutions like Visa and Charles Schwab are increasingly integrating crypto assets and blockchain technology, with Visa partnering with Upbit parent on stablecoin payments and Charles Schwab adding Solana, Avalanche, and Chainlink to its platform.
- The crypto industry is seeing significant institutional investment and M&A activity, evidenced by Capital B raising $24.5M and BitGo acquiring NYDIG's trading arm, signaling a deepening push into the institutional space.
- Developments in Bitcoin's infrastructure and security are prominent, including StarkWare's successful testing of a quantum-resistant transaction on mainnet and emergency warnings issued for Bitcoin Lightning nodes due to an AI-discovered flaw.
- Regulatory and legal scrutiny remains high, with the SEC sending crypto custody rule overhauls for review, a Dallas Fed report warning tokenized deposits could drain significant funds from bank lending, and ongoing legal battles involving prediction markets and former administration actions.
- Specific cryptocurrencies like Ethena (ENA) and Solana (SOL) are experiencing notable developments, with ENA undergoing token buyback votes and Solana proposing a faster disinflation plan, while both see increased trading interest and strategic partnerships.
Sources
Cointelegraph
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Capital B raises $24.5M for its Bitcoin treasury amid market uncertainty with BlockStream’s Adam Back chipping in
an hour ago
by Cointelegraph by Adrian Zmudzinski
Latest NewsThe French Bitcoin treasury firm’s private placement drew support from Adam Back and TOBAM, with warrant exercises potentially unlocking another $158 million.
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Bitcoin bear market ‘over’ as price metric copies 2023 recovery: CryptoQuant CEO
an hour ago
by Cointelegraph by William Suberg
MarketsBitcoin profitability data produced a bear-market reversal signal that was also present at the start of 2023.
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ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote
3 hours ago
by Cointelegraph by Zoltan Vardai
MarketsThe Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks.
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BitGo buys NYDIG trading arm to deepen institutional crypto push
3 hours ago
by Cointelegraph by Helen Partz
Latest NewsBitGo completed its acquisition of NYDIG’s institutional trading business, adding about 30 employees and expanding its derivatives and financing capabilities.
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OneKey reproduces transaction replacement attack on outdated Ledger Ethereum app
4 hours ago
by Cointelegraph by Zoltan Vardai
Latest NewsOneKey said it reproduced an exploit against an older version of the Ledger app in its lab environment, which Ledger fixed in its Ethereum app 1.22.2, with no user funds lost.
CoinDesk
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Circle's USDC takes over Chelsea's jersey in Premier League's first sponsorship deal
an hour ago
by Jamie Crawley
Finance, Circle, NewsFinancials were not disclosed, though reports from earlier this year suggested Chelsea was targeting 65 million pounds a year ($88.3 million) for the sponsorship berth.
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Bullish backs USD.AI with $100 million in financing to drive GPU-backed loans
an hour ago
by Jamie Crawley
Finance, Bullish, Tokenization, Artificial Intelligence, NewsCryptocurrency platform Bullish is extending a $100 million debt facility to USD.AI to finance GPU-backed loans for artificial intelligence infrastructure.
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Bitcoin hits highest level in 3 months before pulling back as altcoins consolidate
2 hours ago
by Oliver Knight
Markets, Crypto Markets Today, NewsBTC briefly touched $81,455 overnight, its highest since May 15 as Nasdaq futures slipped and gold extended gains heading into the weekend.
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Visa doubles down on South Korea with Upbit operator Dunamu on stablecoin payments
2 hours ago
by Olivier Acuna
Finance, Stablecoins, Artificial Intelligence, South Korea, NewsFollowing a deal with Shinhan Financial, the global payments giant is widening its footprint in Asia’s major crypto hub through South Korea's largest exchange.
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Kraken users briefly locked out after a flood of sanctioned crypto transactions
3 hours ago
by Francisco Rodrigues
Finance, Kraken, NewsThe activity, appearing to spread sanctioned funds to trigger account restrictions, occurred between Aug. 17 and Aug. 24.
Decrypt
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UK Police Seize $1.4M in Bitcoin Traced to Shuttered Darknet Markets
an hour ago
by Decrypt Agent
Law and OrderThe 20.21 BTC was linked to marketplaces running between 2016 and 2019, and the man who held it died before it was forfeited.
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240 Crypto Millionaires Booked Over Half of Britain's Taxable Crypto Gains
an hour ago
by Decrypt Agent
BusinessHMRC's first breakdown shows 17,600 people declared £1.38 billion, most of them under 55 and 87% of them men.
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Judge Rules Trump Administration Illegally Retaliated Against Anthropic Over AI Red Lines
2 hours ago
by Decrypt Agent
Artificial IntelligenceRita Lin vacated the supply chain designation and issued a permanent injunction, refusing the government even a seven-day stay.
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Bitcoin Completes First Experimental Quantum-Safe Transaction, Starkware Says
14 hours ago
by Jason Nelson
CoinsThe transaction used Bitcoin’s existing rules to protect funds from a future quantum attack without requiring a network upgrade.
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Google’s Android 17 Turns On New Privacy Feature—But Your Browsing Isn’t Fully Hidden
14 hours ago
by Jose Antonio Lanz
TechnologyGoogle's new privacy standard scrambles the one field of a web request that still travels in the clear: the name of the site being opened.
AMBCrypto
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AAVE crypto traders should watch out for THIS key support floor!
2 hours ago
by Akashnath S
Analysis, HideCryptopanic, News, Social, Trading ViewAAVE's recent bullish momentum has been fueled by a few key factors.
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‘Make tokens great again!’ — ENA hits yearly high after Ethena makes 4 changes
4 hours ago
by Benjamin Njiri
Altcoin, News, Social, Trading View, ambcryptoENA's extended rally may depend on revenue mechanics after the fee switch goes live.
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Will XRP DAT Evernorth’s latest update push its 8% weekly price gains even higher?
5 hours ago
by Ishika Kumari
News, Ripple, Social, Trading View, ambcryptoCould Evernorth become the Strategy of the XRP treasury market?
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Here’s all about XRP’s biggest derivatives sell-off of the year!
7 hours ago
by Samyukhtha L KM
News, Ripple, Social, Trading View, ambcryptoNet taker volume dropped amidst the return of the whales.
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SPX6900: Can SPX price clear KEY resistance after 60% weekly rally?
9 hours ago
by Akashnath S
Analysis, HideCryptopanic, News, Social, Trading ViewSPX6900 has strong short-term spot and derivatives demand, with a nearly 30% Open Interest uptick in 24 hours.