No Comeback: CZ’s Lifetime Ban from Binance Confirmed by Latest Reports
TL;DR Changpeng Zhao (CZ), former CEO of Binance, has been permanently banned from the company due to legal charges related to operations in the U.S....
blockchain
Riot Platforms Surpasses 10,000 BTC in Reserves While Optimizing Production and Energy Costs
TL;DR Riot Platforms produced 322 Bitcoin in August 2024, down 13% from July. The company now holds more than 10,000 Bitcoin, an increase of 37%...
Morgan Stanley Boosts Bitcoin Exposure with Major Investments in BlackRock ETF and MicroStrategy
TL;DR Morgan Stanley allocated 2.1% of its Institutional Fund to BlackRock’s Bitcoin ETF, IBIT. The fund also holds a 4% stake in MicroStrategy, one of...
Ripple Delays $125M Fine as SEC Appeal Uncertainty Grows
TL;DR Ripple delays payment of $125 million fine amid speculation of possible SEC appeal. Both parties agreed to deposit 111% of the judgment amount into...
Aave Founder Sells $6.67M in AAVE Amid Price Surge
TL;DR Aave founder Stani Kulechov sold 55,596 AAVE tokens valued at $6.67 million. The cryptocurrency has seen a 66% increase in price over the past...
Bear Market Ahead? Uncertainty Among Investors
TL;DR Bitcoin (BTC) and Ethereum (ETH) are experiencing a significant drop, causing uncertainty and speculation about a possible “bear market.” Bearish market mentions are increasing,...
Vitalik Buterin Proposes AI and Prediction Markets to Speed Up Community Notes on X
TL;DR Vitalik Buterin proposed using artificial intelligence and prediction markets to accelerate the generation of Community Notes on X. Prediction markets could determine if a...
Saga Mobile Launches Solana Validator, Strengthening Its Leadership in Mobile and Web3
TL;DR Saga Mobile launches a validator on the Solana network in collaboration with Phase Labs and the Solana Foundation. The initiative seeks to strengthen the...
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,...
DeFi Protocols Face Nearly 25% Drop in Fees
TL;DR In August 2024, DeFi protocol fees fell by 24.4%, totaling $288 million. The decrease is attributed to lower user activity, increasing competition among protocols,...