Market Bets $11 Million on Fed Rate Cut for September 2024
TL;DR The market has bet a total of $11,004,782 on possible Fed interest rate changes by September 2024. Most expect a 25 basis point decline,...
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DYAD Stablecoin Protocol Sees Explosive Growth in TVL
TL;DR Explosive TVL Growth: DYAD’s total value locked (TVL) surged over 950% in one month, from $3.3 million on August 5 to a record $35...
Vitalik Buterin Proposes Blockchain-Based Hybrid Model for Future Cities
TL;DR Vitalik Buterin suggests a hybrid model for the development of future cities that combines principles of democracy, capitalism and decentralization. It proposes that citizens...
Charles Hoskinson Plans to Launch a Decentralized Social Network to Defend Free Speech
TL;DR Cardano founder Charles Hoskinson plans to launch a decentralized social network to promote freedom of expression. The network will use blockchain technology to avoid...
Crypto.com Unveils Global Retail Services from Dubai Hub
TL;DR Global Retail Services Launch: Crypto.com has launched global retail services from its Dubai hub, enabling seamless deposit and withdrawal capabilities for users in over...
The RWA Market Will Be a Success, but Less Overwhelming Than Expected
TL;DR Jamie Coutts questions the $30 trillion projection for the tokenized asset market by 2030, proposing a more realistic figure of $1.3 trillion. Coutts warns...
Bitwise Bitcoin ETF to Acquire Osprey Bitcoin Trust
TL;DR Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC). The transaction is designed to be tax-free for OBTC unitholders...
Rhodium Enterprises Files for Bankruptcy Amid Mounting Bitcoin Mining Pressures
TL;DR Rhodium Enterprises files for Chapter 11 bankruptcy with liabilities between $50 million and $100 million, affecting six subsidiaries. Financial pressures include $54 million in unpaid loans...
Resistance Dog Rally Boosts REDO Memecoin Value Following Pavel Durov’s Arrest
TL;DR The memecoin ‘Resistance Dog’ (REDO) increased its value by more than 140% after being adopted as an official avatar by Toncoin developers. The initiative,...
Stablecoin Market Cap Hits Record $168 Billion
TL;DR Record Milestone: The stablecoin market cap has reached a historic $168 billion, marking 11 consecutive months of growth and surpassing the previous peak of...