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DeFi market stages a comeback as derivatives surge

Onchain derivatives fuel DeFi’s resurgence, with daily volumes reaching $5 billion amid rising competition.

How BitTorrent Chain is advancing blockchain interoperability

With 6,200 stakers and 39.9 trillion BTT locked, the BitTorrent Chain is already thriving and is set to supercharge Tron’s DeFi ecosystem with fast, low-cost cross-chain transfers.

Malaysia adopts Worldcoin for personal verification and digital ID

Malaysia aims to tackle national challenges and unlock economic opportunities by adopting cutting-edge biometric verification technology.

Bitdeer to expand operations with $150M convertible notes offering

Bitdeer Technologies Group’s stock price dropped to $6.33 after it announced a senior convertible notes offering. 

Does Hong Kong have issues with USDT and USDC? — Exec weighs in

As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC.

Institutional adoption of Bitcoin ETFs surges 27% in Q2

Increasing institutional ETF adoption could bolster Bitcoin price to new all-time highs.

Bitcoin funding rates hit YTD lows, bearish trend looms — CryptoQuant

Bitcoin funding rates on Binance turn negative, reflecting a surge in short positions as institutional interest wanes.

South Africa’s new AI framework sets foundation for tech leadership

As stakeholder consultations proceed, the feedback gathered will be instrumental in shaping a robust and effective AI policy.

Bitcoin Spot ETFs net $11M inflow, despite GBTC loss

Despite significant outflows from the Grayscale Bitcoin Trust, the overall spot Bitcoin ETF market saw positive inflows.

Coinbase cbBTC token may revolutionize Bitcoin DeFi adoption

Coinbase’s step marks the latest significant institutional entrant to the field of BTCFi.

Bitcoin price bounces 4% as triple ‘death cross’ sparks sub-$50K warning

BTC price weakness sees negative funding rates and a distinctly risk-off mood among Bitcoin traders.

Dubai court recognizes crypto as a valid salary payment

UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions.

Arbitrum DAO boosts ARB utility with staking and governance upgrades

The DAO bolstered its framework and community by enabling ARB staking and enhancing token utility and security.

Bank of Ghana unveils draft rules for cryptocurrency exchanges

The Bank of Ghana introduces draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures.

World’s 3rd-largest public pension fund buys $34M of MicroStrategy shares

South Korea’s public pension fund has just increased its crypto exposure by buying tens of thousands of shares in MicroStrategy.

Institutions not so interested in Bitcoin at $58K, metric shows

10x Research’s Markus Thielen says one stablecoin metric is key to indicating institutional interest in Bitcoin, but it’s not flashing green right now.

Meta denies claim more than half of Facebook crypto ads are scams

Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable.

Donald Trump raked in over $7M from NFTs, new disclosure shows

Former president Donald Trump disclosed that he owns up to $5 million in crypto and has earned over $7 million from his three NFT collections.

Bitcoin has room to fall amid ‘unusual’ open interest: CoinGlass

Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite a decline in Bitcoin’s price.

San Fran city attorney sues sites that ‘undress’ women with AI

Dek: AI-powered websites allowing users to create nonconsensual nude photos of women and girls were visited 200 million times in the first half of the year.

‘I’m not leaving’ — Megaupload’s Kim Dotcom to fight US extradition

“I love New Zealand. I’m not leaving,” said Bitcache and Megaupload founder Kim Dotcom on X after the New Zealand Justice Minister signed off on a United States extradition order.

Bitcoin critical indicator prints ‘bearish cross’ as it sinks below $58K

The crossing of this indicator on two different timeframes has signaled to traders that short-term performance may be weakening, sparking fear in the market.

Bitcoin sidechain creators tout new ‘permissionless’ version BitVM2

Robin Linus has unveiled a new whitepaper for BitVM2 and BitVM Bridge, two new developments that offer significant improvements to the original version of BitVM.

ZachXBT claims 21 North Korea crypto devs are making $500K a month

Onchain sleuth ZachXBT claims to have found a network of North Korean developers who have been working on dozens of crypto projects.

IMF execs float raising crypto mining electricity prices by 85%

A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives.

Low users, sex predators kill Korean metaverses, 3AC sues Terra: Asia Express

Low user numbers and sex predator scandals are killing South Korean metaverses, 3AC sues Terra, Malaysian crypto kidnappings. Asia Express.

Bitcoin stagnates as bearish headwinds continue to blow

Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops.

‘I expect to see no mention of Bitcoin’ — MARA CEO on Harris’ platform

Depending on the November presidential election outcome, Fred Thiel said he would consider “looking outside the US” for Bitcoin mining firm MARA’s operations.

Ethereum traders say ETH price at risk of a deeper correction to $1.6K

Multiple analysts believe that Ethereum price is likely to touch new lows near $1,600.

Public miners raised $2.2B as cash flow crunch intensifies post-halving

A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024.

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