todayonchain.com

Crypto News Aggregator (Page 12)

The economics behind Aave proposal to ditch 6 chains that earn loose change in revenue
Aave is considering a governance proposal to exit six low-usage blockchains that generate minimal revenue and hold about $98 million in deposits.
Goldman, Barclays, Jefferies Cut Robinhood Targets Despite Earnings Beat
Major financial firms reduced Robinhood price targets despite an earnings beat due to concerns over growth timelines and falling crypto revenue.
BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury
BNB Plus severed ties with its crypto manager and settled agreements following a Nasdaq stock suspension, leaving its treasury without a designated manager.
South Korea Stock Market Woes Spark A Crypto Trading Spike
South Korean crypto trading volumes surged by 600% as the local stock market experienced a significant downturn.
JPMorgan says fading Clarity Act odds weigh on crypto outlook
JPMorgan warns that dwindling prospects for the Clarity Act's passage this year pose a setback for crypto markets and institutional adoption.
Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment
Spain's largest bank, Banco Santander, disclosed a $4.3 million investment in Bitcoin through BlackRock's iShares Bitcoin Trust.
Bitchat Mesh App Defies India Cybercrime Notice After Protesters Use It During Network Restrictions
Jack Dorsey’s censorship-resistant Bitchat app resisted an Indian cybercrime takedown notice after protesters used it during network blackouts.
Institutional crypto trading hits a record 72% as Wall Street calms crypto's wild swings
A recent Wintermute report reveals that institutional investors drove a record 72% of spot crypto trading, reducing overall market volatility.
Gold Electronics Demand Rises 4% on AI Infrastructure Boom
Global gold demand from the electronics sector increased by 4% in the second quarter, driven by strong artificial intelligence infrastructure spending.
Ethereum enters its second decade after a year of upheaval at the foundation
Ethereum enters its second decade following significant leadership overhauls at the Ethereum Foundation and accelerating institutional adoption.
Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield
Seoul police detained two individuals over a fake Flare Network staking site that stole millions in XRP from investors.
Russia Charges BitRiver Founder Over Fraud Allegations
Russian authorities have charged BitRiver founder Igor Runets with large-scale fraud involving an unfulfilled crypto mining equipment contract.
30-Year Treasury Yield Hits 2007 High as Bond Market Doubts the Fed
The 30-year US Treasury yield surged to 5.20%, reaching its highest level since 2007 as bond markets question Federal Reserve policy.
Hyperscale Data sells 100 bitcoin to fund Michigan AI data center build
Hyperscale Data sold 100 bitcoin and secured a bitcoin-backed credit facility to help fund its Michigan AI data center.
Everything is becoming a perp
Perpetual contracts, invented by crypto for 24/7 leveraged trading, are expanding rapidly into traditional asset classes like equities and commodities.
Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?
Despite recent ETF outflows and a declining HYPE token price, Grayscale argues that Hyperliquid's strong network revenue makes it massively undervalued.
Primit Wraps Up Season 1 Trading Campaign on Avalanche
Primit successfully concluded its Season 1 trading campaign on Avalanche, distributing $100,000 in prizes across 14 transparent daily draws.
Bernstein says Core Scientific’s AMD partnership could generate $14B over 15 years
A Bernstein research note estimates that Core Scientific's partnership with AMD could generate about $14 billion in revenue over 15 years.
Telegram faces terror-related legal action in Australia one day after founder is charged by Russia
Australian regulators initiated legal action against Telegram over unremoved terror-related content, following similar charges by Russia against founder Pavel Durov.
Orochi Network and Sumsub Form Strategic Partnership to Unlock Southeast Asia’s Newly Regulated Crypto Market
Orochi Network and Sumsub have partnered to provide compliance and privacy solutions for crypto businesses in Southeast Asia's emerging regulated markets.
Samsung SDS Targets Stablecoin Infrastructure With Dunamu
Samsung SDS is exploring stablecoin infrastructure and digital asset systems in collaboration with Upbit operator Dunamu.
Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall
While traders focus on spot ETF flows, the growing market of Bitcoin-backed lending and structured credit harbors hidden liquidation risks.
AI Fund With Bitcoin Miner Bets Seeks Capital After Rout: FT
Leopold Aschenbrenner's AI-focused hedge fund is seeking fresh capital after suffering heavy losses from a recent market sell-off.
Bitcoin Gains 9% in July, but On-Chain Data Signals Weak Conviction
Bitcoin is on track for a 9% gain in July, yet spot trading volumes and institutional demand have sunk to multi-year lows, signaling weak market conviction.
Bitcoin ETFs on track for the smallest monthly inflows ever
Bitcoin spot ETFs are experiencing their lowest monthly net inflows on record, highlighting persistent institutional sluggishness.
South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament
South Korea plans to implement a 22% tax on cryptocurrency gains exceeding $1,740 starting January 1, 2027.
What to Expect as US GDP and the Fed’s Favorite Inflation Gauge Drop Today
Markets brace for the release of US second-quarter GDP growth and the Federal Reserve's preferred PCE inflation gauge amidst geopolitical tensions.
India’s Central Bank Sold $7 Billion in a Day to Stop the Rupee’s Slide
The Reserve Bank of India sold approximately $7 billion in a single day to defend the declining rupee.
Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise
Bitcoin held steady near $64,000 despite geopolitical tensions, oil price spikes, and a hawkish Federal Reserve meeting.
A secret 11th-hour CLARITY proposal to protect crypto coders was just ripped apart by both sides of Washington
A late-stage proposal to protect crypto developers under the CLARITY Act was quickly rejected by both the White House and crypto advocates.
European Blockchain Convention Returns to Barcelona for Post-MiCA Gathering
The 12th European Blockchain Convention will take place in Barcelona this September as the region's first major post-MiCA institutional gathering.
BitRiver founder charged in Russia with $12.5 million fraud
BitRiver founder Igor Runets has been moved to a pretrial detention facility amid large-scale fraud and contract failure charges in Russia.
XRP Hits Its Most Oversold Levels Ever: Has the Bottom Finally Arrived?
XRP trades near $1.09 after hitting extreme oversold RSI levels, sparking intense debate among analysts over whether a market bottom has arrived.
Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps
Cryptocurrency exchange Luno is laying off about 20% of its global workforce due to automation advancements and weaker retail trading conditions.
Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf
The Federal Reserve held interest rates steady amid rare dissents, while Bitcoin hovers precariously near crucial on-chain support levels.
South Korea’s Stock Market Crash Is Now Officially Worse Than 1997 and 2008
South Korea's KOSPI index plunged over 33% in July, marking its worst monthly decline in history, surpassing the crises of 1997 and 2008.
Live updates: Bitcoin holds near $64,000 as Microsoft's AI payoff lifts stocks
Bitcoin remained stable near $64,000 as stock futures climbed following strong financial results from Microsoft.
Bitcoin and ether markets are ruled by perps. SpaceX showed how far their influence can go
Cryptocurrency perpetual futures now drive price discovery and sentiment across crypto markets, a dominance recently highlighted by pre-IPO trading of SpaceX shares.
Cathie Wood’s Ark Invest sells Bitmine, Bullish, Block shares as crypto stocks dip
Cathie Wood’s Ark Invest sold shares in several crypto-related companies as their stock prices dipped, while buying shares in SpaceX.
Aave proposes reserve deprecations affecting $98 million in supplied assets
Aave has proposed a governance initiative to deprecate low-adoption asset reserves and wind down six blockchain deployments affecting $98.1 million in supplied assets.
OpenAI Says July Annualized Revenue Topped All of Q2
OpenAI reported that its annualized recurring revenue in July surpassed the entire second quarter, driven by strong adoption of its latest products.
MEXC Ventures Supports Alpha Arena’s APAC Debut at Coinfest Bali
MEXC Ventures is the main sponsor for Alpha Arena S03, bringing the esports-inspired live trading tournament to APAC during Coinfest Bali.
Cash Cat Reclaims Robinhood Chain Crown After Q2 Earnings Call
Cash Cat (CASHCAT) surged 16% and reclaimed its top market cap spot on Robinhood Chain following Robinhood's strong Q2 earnings call.
Fraudsters Impersonate Chinese newspaper in Bitcoin Extortion Scheme
China Business Journal warned that scammers are impersonating the publication to extort companies for Bitcoin by threatening fake investigative reports.
US Spot Bitcoin ETFs Post $32M After Outflow Streak
US spot Bitcoin ETFs recorded $32.1 million in inflows on Wednesday, ending a four-session outflow streak despite Bitcoin dipping below $64,000.
Bitcoin, ether whipsaw wipes out $280 million even as prices remain flat over 24 hours
Despite flat prices, a market whipsaw around the Federal Reserve's rate decision liquidated nearly $286 million in crypto derivatives.
Bitcoin analysts agree the Fed's hold was hawkish. They don't agree on what happens next.
Following the Federal Reserve's hawkish rate hold, crypto analysts remain divided on the immediate outlook and future catalysts for Bitcoin.
Ostium blames off-chain breach for $24 million exploit, rules out smart contract flaw
Ostium reported that its $24 million exploit stemmed from an off-chain infrastructure compromise rather than a smart contract vulnerability.
Ethereum Foundation Appoints New Board Member: What Will He Do for ETH?
The Ethereum Foundation has appointed security expert Pascal Caversaccio to its board to help guide the network's long-term vision.
Asian Stocks Diverge as Divided Fed Leaves Global Stocks Guessing
Asian markets mixed as a divided US Federal Reserve holds interest rates and South Korean equities face ongoing volatility.
South Korea Report Urges Early Stablecoin Rules Before Digital Asset Law
A recent policy report advises South Korea to implement interim stablecoin regulations before finalizing its comprehensive Digital Asset Basic Act.
Ether, XRP flat as chip stocks steady on Samsung's 250-fold profit surge
Major cryptocurrencies remained stable on Thursday as the semiconductor selloff eased, despite stellar profit reports from firms like Samsung.
Russia detains crypto mining firm BitRiver founder on fraud charges: report
A Russian court has moved BitRiver founder Igor Runets from house arrest to a pre-trial detention center over alleged fraud charges.
Hyperliquid Draws First Japanese Corporate Buyer as US Funds Shed $27 Million
Japanese firm eole became the first listed company in the country to acquire Hyperliquid's HYPE token as US funds face outflows.
Pi Network Begins Ninth Protocol Upgrade Ahead of Final Version 27
Pi Network has started rolling out Protocol 26, setting an August 11 deadline for node operators as it approaches Version 27.
Bitcoin's quantum plan assumes some algorithms break. AI just weakened one in 60 hours
Anthropic's Claude Mythos Preview model weakened the HAWK digital signature scheme in 60 hours, highlighting accelerating cryptographic threats.
Luno Cuts 20% of Staff as Crypto Layoffs Widen in July
Crypto exchange Luno is reducing its global workforce by approximately 20% as part of a broader operational restructuring.
Japanese Game Developer Gumi Launches Bitcoin, Altcoin Fund With SBI
Japanese game developer Gumi has partnered with SBI Financial Services to launch a 3 billion yen crypto asset fund.
Binance.US to apply for CFTC license in August for prediction market platform
Binance.US plans to apply for a CFTC designated contract market license in August to launch a prediction market platform.
The Fed Decided to Do Nothing and That Decision Backfired: Here’s Why
The Federal Reserve's decision to hold interest rates steady caused long-term Treasury yields to surge as bond traders lost confidence in the central bank's inflation strategy.
Luno Staff Cuts Adds Another Red Flag as Crypto Exchange Shutdowns Pile Up
Luno is cutting 20% of its global workforce while prioritizing institutional clients, coinciding with a wave of crypto exchange closures.
Ethereum Foundation Appoints Seal 911 Co-Founder To Board
The Ethereum Foundation has appointed SEAL 911 co-founder Pascal Caversaccio to its board for a one-year term to strengthen its focus on privacy and security.
Wall Street’s Worst Day Since April 2025: Did the Fed Just Lose the Market?
Wall Street suffered its worst drop since April 2025 as the Fed held interest rates steady, triggering a sharp bond market sell-off.
AAA Launches Web3 Panel for Crypto Disputes
The American Arbitration Association has launched a specialist Web3 Panel to handle complex blockchain and digital-asset disputes.
Senators said to hatch idea to toughen Trump's concession on Clarity Act's crypto limits
Senators Thom Tillis and Ruben Gallego have finalized a bipartisan compromise to address ethics concerns regarding crypto limits in the Clarity Act.
Lummis, CLARITY Act’s Fiercest Proponent, Hit by Crypto Scam Hack
Senator Cynthia Lummis's X account was briefly hacked to promote a fake Solana meme coin.
Robinhood Posts Record Quarter as Crypto Revenue Falls 38%
Robinhood reported record second-quarter revenue and net income, even as its cryptocurrency transaction revenue declined by 38% year-over-year.
Binance.US to Attempt Prediction Markets Entry as CFTC-Licensed Entity, says CEO
Binance.US plans to apply for a CFTC Designated Contract Market license in August to offer prediction market services.
Three key demand drivers stall at once, leaving Bitcoin’s $64,000 support to long-term holders
Bitcoin faces a critical test near $64,000 as ETF outflows, weaker perpetual buying, and stagnant on-chain capital simultaneously stall market momentum.
Robinhood’s prediction markets top crypto and equities revenue in Q2
Robinhood reported that its prediction market revenue surpassed crypto and equities in Q2, boosting overall transaction-based revenues.