BNY Mellon SEC Approval: A Turning Point for Crypto Custody
TL;DR The SEC approved BNY Mellon’s plan to offer cryptocurrency custody services. The bank will be able to custody digital assets beyond Bitcoin and Ethereum. The approved structure…
news
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
TL;DR Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of FTX.…
Ethereum ETFs Face Record Outflows Since July
TL;DR US Ethereum ETFs saw a daily net outflow of $79.21 million. Total cumulative net outflows since launch amount to $686.68 million. Bitcoin ETFs…
Upbit Moves User Data to AWS Servers in the U.S.: What This Means for Privacy
TL;DR Upbit will migrate user data storage to Amazon Web Services (AWS) servers in the United States starting October 1, 2024. The measure seeks…
Tether (USDT) Hits a Record $119.14 Billion
TL;DR Tether (USDT) market cap hit an all-time high of $119.14 billion. Its adoption rate has grown from 18% to 31% in the last…
Ethereum Whales Move $21.9M: Is a Major Ether Dump Coming?
TL;DR Two large Ethereum whales moved 8,510 ETH ($21.9M) to centralized exchanges. An Ethereum ICO participant transferred 3,510 ETH to Kraken after 3 months…
SynFutures Launches Election Perpetuals for the 2024 Elections
TL;DR SynFutures launches perpetual futures contracts for the 2024 US presidential election. Contracts allow betting with up to 10x leverage on Donald Trump or…
Satoshi-era Bitcoin wallets move 250 BTC after 15 years of dormancy
TL;DR Bitcoin wallets dormant since 2009 moved 250 BTC. Bitcoin price hovers around $63,500 after breaking above $64,000. The wallets did not transfer the…
Solana Launches ZK Compression: 1000x Savings and New Technological Opportunities
TL;DR Solana launches ZK Compression on its Mainnet-Beta network. Offers 1000x cost savings for developers. ZK Compression also solves the problem of state growth…
Sui Network’s TVL Hits Record High as SUI Token Surges 30%
TL;DR Sui Network’s TVL reached a record $810.5 million, up 283% year-to-date. The token’s price has risen more than 30% in the past week,…
Glassnode Expands ERC-20 Token Support: Unlocking New Depths in Ethereum On-Chain Analysis
TL;DR Glassnode expands its platform with support for over 500 new ERC-20 tokens. Advanced metrics are introduced to analyze the Ethereum ecosystem, from DeFi…