Tether Advocates for Decentralized Tech After Global IT Outage
TL;DR Global outage in centralized technology: A global outage on July 19, caused by a technical issue with CrowdStrike software, revealed weaknesses in centralized systems....
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Bitrue Ventures Launches $40 Million Fund to Boost Web3 Startups
TL;DR Bitrue Ventures has opened a $40 million investment fund to support startups in the Web3 space. Selected projects can receive up to $200,000 and...
Bitget Strengthens its Dominance in the Crypto Market With 38.4% Growth
TL;DR Bitget has experienced a 38.4% increase in its market share, surpassing Crypto.com and Bybit in growth. The exchange’s success is attributed to its strong...
State Street Explores Stablecoins and Tokenized Deposits
TL;DR Street is considering creating stablecoins and tokenized deposits to facilitate blockchain-based payments. Digital Asset Expansion: The company is partnering with Galaxy to develop crypto...
The SEC Opens Debate on Staking in Cryptocurrency ETFs: Impact and Perspectives
TL;DR Hester Peirce from the SEC has proposed reconsidering staking and in-kind redemption in cryptocurrency ETFs, sparking debates on regulatory flexibility. Peirce suggests that practices...
Polymarket Records Record Trade Volumes Ahead of US Election
TL;DR Polymarket’s Trade Volumes: In July, Polymarket achieved record trade volumes, surpassing $116.4 million, driven by anticipation around the upcoming US presidential election. This exceeded...
Aethir Grows Exponentially: $36 Million in Revenue Over the Past Year
TL;DR Aethir has achieved annual revenues of $36 million, standing out in AI and cloud gaming with its decentralized GPU infrastructure. Its decentralized model reduces...
Metaplanet Continues Aggressive Bitcoin Accumulation, Following MicroStrategy’s Playbook
TL;DR Metaplanet’s Bitcoin Accumulation: Metaplanet, a Japanese company often compared to MicroStrategy, recently acquired an additional 21.88 Bitcoins, bringing its total holdings to 225.611 BTC (worth...
Tether Hires Philip Gradwell as Chief Economist
TL;DR Tether has appointed Philip Gradwell as its new Chief Economist. Bringing with him six years of experience as Chief Economist at Chainalysis and deep...
Spain National Fan Token Plummets After Euro 2024 Victory
TL;DR The Spanish National Team Fan Token (SNFT) fell by 20.10% over the past day, settling at $0.02425. SNFT’s decline reflects the “buy the rumor,...