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US Senators Urge CFTC to Ban Betting on 2024 Presidential Election

Five United States Senators and three House representatives have called for a ban on betting activities linked to the upcoming election.

, by Ruholamin Haqshanas

Evan Weiss, COO at Alluvial, on Liquid Staking, the ETH ETF, and the Future of DeFi and Staking | Ep. 357

In a compelling episode of the Cryptonews Podcast, Evan Weiss, COO of Alluvial and a key member of Liquid Collective, sat down with Matt Zahab to explore the intricacies of staking within the Ethereum ecosystem and the future of DeFi.Weiss provided an in-depth look at liquid staking, the innovative...

, by Hassan Shittu

Vitalik Buterin Unveils Plan for Seamless Cross-Chain Interoperability Among L2 Networks

Vitalik Buterin has outlined his vision for achieving seamless cross-chain interoperability among Ethereum layer-2 (L2) networks.

, by Ruholamin Haqshanas

Justin Sun Withdraws 14,884 ETH from Binance, Total ETH Holdings Nearly 400K

Tron founder Justin Sun has further cashed out 14,884 Ether (ETH), on Monday, from Binance exchange, according to Spot On Chain. The Ether withdrawn is worth $35.97 million and adds up to Justin’s total ETH holdings, that he has been accumulating since February. With the addition,...

, by Sujha Sundararajan

Bitcoin Spot ETFs Post $168M in Outflows While Ethereum ETFs See Meager Inflows

Investors have withdrawn approximately $168 million from nine U.S. spot Bitcoin exchange-traded funds (ETFs) on Monday.

, by Ruholamin Haqshanas

CoinShares Reports Positive Q2 Earnings, Despite Flowbank Bankruptcy

Crypto asset manager CoinShares, reported positive financial results for the second quarter of 2024, showing a significant increase in revenue despite facing challenges including the FlowBank bankruptcy. CoinShares reports combined revenue, gains, and other income for the quarter stood at...

, by Tanzeel Akhtar

Bitcoin Not Ready to Fulfill Safe Haven Asset Role: Financial Researcher

Nik Bhatia, founder of The Bitcoin Layer, said that 15-year-old Bitcoin is still too immature to be considered a safe haven asset. In a CNBC interview published Tuesday, Bhatia said that Bitcoin has traditionally been perceived as risky due to its relatively short history. The financial...

, by Shalini Nagarajan

Jump Trading Moves Large Amounts of USDC, Expected to Cash out $440M

Jump Trading is making significant crypto transactions involving large amounts of USDC stablecoin and is expected to cash out $440 million, notes onchain sleuth Lookonchain. The firm withdrew approximately $606 million in USDC from Binance. Following the withdrawal from Binance, Jump Trading...

, by Tanzeel Akhtar

India’s GST Intelligence Unit Issues Notice to Binance, Demanding Tax Payment: Sources

Global crypto exchange behemoth Binance is reportedly facing goods and service tax (GST) issues in India, according to sources. The zonal unit of the Directorate General of GST Intelligence (DGGI) of Ahmedabad, has issued a show cause letter to the exchange demanding 7.22 billion rupees ($86...

, by Sujha Sundararajan

Bitcoin and Ether Up Over 3% as Traders Capitalize on Lower Prices

Bitcoin and Ether rebounded modestly on Tuesday after a sharp decline triggered by broader market jitters. Bitcoin rose 3.6%, trading at about $55,988 as of 5:50 UTC, but is down 16% over the past week. Similarly, Ether gained 4.4%, reaching $2,526, though it has fallen 24% in the last...

, by Shalini Nagarajan

US SEC Pushes Back at Coinbase Request to Access Gensler’s Personal Emails

The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is heating up as the regulator pushes back at giving the crypto exchange access to the personal emails of SEC Chair Gary Gensler. Coinbase argues that Gensler’s emails could contain pivotal...

, by Tanzeel Akhtar

Donald Trump Advocates for US to Develop Crypto to Stay Ahead of China

Republican presidential frontrunner Donald Trump said that the US government should not sell crypto, but instead focus on building the industry to prevent China from taking the lead. During a recent livestream hosted by 23-year-old streamer Adin Ross, Trump reiterated his support for the crypto...

, by Shalini Nagarajan

South Korean Crypto Market Maker to Face Trial in $59.6M ‘Scam Coin’ Case

South Korean prosecutors are set to try a crypto market maker they think masterminded a $59.6 million altcoin-themed “scam coin” fraud. They arrested the man, surnamed Park and nicknamed Jon Bur Kim, earlier this month on price manipulation-related charges. Crypto Market Maker Will...

South Korean Regulators Probe Altcoin AVAIL Bithumb Price Spike

South Korean regulators are investigating value fluctuations of the altcoin AVAIL on Bithumb last month “on suspicion of price manipulation.” The probe is the first to be conducted under the terms of the Virtual Asset User Protection Act, which came into force on July 18. AVAIL: Bithumb Price...

Nansen’s Weekly Report Examines Crypto Black Monday and Economic Concerns

Nansen's latest report examines the massive sell-off of crypto assets during Crypto Black Monday, highlighting key factors driving the downturn. At the time of writing, all the top cryptocurrencies ranked by market capitalization have encountered a deep decline within the past 24 hours except...

, by Hongji Feng

Bitcoin ETF Trading Volume Races Past $1.3B as Investors Scramble for Discounted BTC

According to Galaxy Digital, trading volumes for Bitcoin exchange-traded funds surged past $1 billion at the start of trading on August 5.

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