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Spot Bitcoin ETFs See Largest Outflows Since May 1, Totaling $287M

U.S. spot Bitcoin ETFs experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday

, by Ruholamin Haqshanas

TradFi Firms Eager to Transact in Bitcoin, Hindered by Regulatory Hurdles: Cantor Fitzgerald CEO

Cantor Fitzgerald CEO has noted the growing interest from TradFi companies in Bitcoin, citing regulatory challenges as main barrier.

, by Ruholamin Haqshanas

Japan Considers Lowering Crypto Tax Rate to Unified 20% from Current 55%

Japan is considering a change to its crypto tax code, potentially lowering it to align with other financial assets.

, by Ruholamin Haqshanas

Pro-Crypto Attorney John Deaton to Face-off Sen. Warren in Massachusetts this November

Crypto-friendly lawyer John Deaton, has won the Massachusetts Republican US Senate primary race on Tuesday. He will be facing-off against crypto antagonist Senator Elizabeth Warren, during the November elections. The attorney has secured victory against fellow Republicans Bob Antonellis,...

, by Sujha Sundararajan

Bitcoin Price Drops Under $57K as Nvidia and S&P 500 See Decline

Bitcoin fell 4.7% on Wednesday, dropping below $57,000, triggered by economic uncertainty in the US and a sell-off in tech stocks led by Nvidia. The crypto asset last traded around $56,416 as of 0640 UTC. On Tuesday, the US Manufacturing PMI for Aug. 2024 came in at 47.2, slightly lower than...

, by Shalini Nagarajan

Mysten Labs Aims for 2025 Delivery of its Handheld Gaming Device with Sui Blockchain Integration

Mysten Labs, the developer behind the Sui blockchain, has announced plans to deliver its handheld gaming device in the first half of 2025.

, by Ruholamin Haqshanas

Hackers Target Trump Family to Push Dubious Crypto Scam

Hackers compromised Donald Trump's daughter-in-law and daughter’s X accounts on Tuesday to promote a token allegedly connected to World Liberty Financial, a crypto project that Trump's family members have recently endorsed. Cybercriminals gained access to Republican National Committee co-chair...

, by Shalini Nagarajan

Bitcoin Price Could Soar to $2.9 Million: $100 Billion Asset Manager VanEck

VanEck projects Bitcoin could hit $2.9 million by 2050, becoming a global reserve currency and settling 10% of international trade.

, by Arslan Butt

S Korean Government Agency Director ‘Ran Crypto Mining Server at Work’

A South Korean government-affiliated food agency employee has been charged with creating and running a crypto mining server at work. Dong-A Ilbo reported that the unnamed Korea Food Research Institute employee was caught in the act during an audit by the National Research Council of Science and...

‘No Consensus on Launching State-run Crypto Exchanges’ – Russian Lawmaker

The Russian government and Central Bank are “yet to reach a consensus” on the launch of a state-run crypto exchange, a top lawmaker claimed on September 3. The comments came from the main architect of Russia’s crypto legislation, Anatoly Aksakov in an interview with TASS. Aksakov is the...

Toncoin Price Poised for Action as Binance Drops Key Announcement Amid Telegram Drama

Despite a growing firestorm of legal scrutiny faced by encrypted messaging app Telegram, the world’s largest cryptocurrency exchange Binance has added Toncoin (TON) – heavily affiliated with Telegram – to its Simple Earn-Locked products, potentially offering relief to the Toncoin price. Binance...

, by Michael Davis

Controversy Surrounds Trump Crypto Project with Ties to Major DeFi Hack

Controversy is swirling around an upcoming Donald Trump-linked crypto project, which appears to have ties to a major DeFi hack, as well as other unsavory characters. Republican Presidential Nominee Donald Trump and his sons have teased for weeks that they will soon launch a DeFi project called...

, by Michael Davis

Matter Labs Reduces Team by 16%, Citing Evolving Business Needs

Matter Labs announced a reduction of its workforce by 16% as part of a restructuring effort on September 3. According to a social media post by CEO Alex Gluchowski, the decision follows an internal review that identified a mismatch between the company's current roles and its evolving focus on...

, by Hongji Feng

Donald Trump Leads Kamala Harris In Polymarket Poll Once More

Donald Trump has reclaimed his slight lead over Kamala Harris by polymarket betters in an official poll on the prediction market's website.

, by Julia Smith

FBI Warns of North Korean Cyberattacks on Crypto ETF Companies

The FBI has issued a warning to the cryptocurrency industry about North Korea’s increasing use of sophisticated social engineering tactics to target employees of decentralized finance (DeFi) platforms, cryptocurrency companies, and those involved with cryptocurrency exchange-traded funds...

, by Hassan Shittu

Crypto Advisory Firm Galois Capital Charged by SEC for Custody and Disclosure Failures

The US Securities and Exchange Commission (SEC) charged crypto advisor firm Galois Capital Management LLC on September 3 with custody and disclosure failures that harmed its investors. Per an SEC press release, Galois Capital agreed to pay the agency $225,000, which will be distributed to the...

, by Michael Davis

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