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Suno defends AI training with copyrighted music amid RIAA lawsuit

The outcome of the case could set a precedent, not just for Suno and Udio but for the broader AI and music industries.

Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate

Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April.

X suspends account that let users launch memecoins from an X post

The "makenowmeme" account on X purportedly provided a way for X users to create memecoins on Solana with a simple post.

98.6% of memecoins on pump.fun fail to even launch

Pump.fun crypto memecoins that make it onto Raydium have fallen since February and have remained “stagnant” at around 1.41% for months.

Ethereum ETF flows flip positive even as ETHE total outflows top $2B

Ether ETFs posted a net inflow of $26.7 million on Aug. 1, with inflows into BlackRock’s fund outpacing outflows from Grayscale’s Ethereum Trust.

DeFi protocol removed an important line of code that led to a $212K hack

The attack occurred around 3 am UTC on Aug. 1, leading Convergence’s native token CVG to plummet over 99%.

Coinbase refutes accusation it violated campaign finance laws

Describing the allegations as “misinformation” — Coinbase chief legal officer Paul Grewal said Coinbase was exempt from certain campaign finance regulations as it is not a federal contractor.

Marathon Digital shares plunge 8% after Q2 revenue miss estimates

Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%.

Digital Chamber urges US senators to support Lummis’ Bitcoin reserve bill

The crypto advocacy group says it is hand-delivering letters to every US Senator explaining why Bitcoin would help the US secure its position as a world leader.

MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B

MicroStrategy shares jumped just 1% in after-hours trading, with the company posting a net loss of $123 million in the second quarter.

Coinbase shares rise 3% as Q2 crypto trading doubles from last year

Coinbase has marked its third consecutive quarter in the black, with its net revenue and trading volumes jumping 108% and 145%, respectively, from the prior year.

Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express

Backlash to WazirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express.

ByBit exchange halts operations in France

ByBit has been at odds with the Autorité des Marchés Financiers (AMF) since 2022 when the regulator blacklisted the exchange.

Bitcoin long liquidations hit $300M as BTC price falls to $62K

A flash crash in Bitcoin price on shorter timeframes induces panic among leveraged long traders, but analysts believe it’s a short-term pullback.

Jack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B

Block’s Bitcoin revenue exceeded $2.61 billion during the second quarter of 2024, contributing to a total net revenue of $6.16 billion for the period.

North Carolina lower chamber overturns governor’s veto of CBDC ban

The bill received strong support in the General Assembly. Now the state Senate will consider overturning the veto.

Google’s new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3

This is the first time Google’s taken the top slot on the Chatbot Arena leaderboard.

Bitcoin price crumbles to $62K support, but derivatives metrics show bullish signs

Bitcoin’s price continues to correct, but BTC options markets reflect traders’ interest in the $62,000 level.

BlackRock's tokenized BUIDL fund has paid $7M in dividends since March

According to researcher Tom Wan, tokenized United States Treasury funds could see $3 billion in capital investment by the end of 2024.

VC Roundup: Investments in Web3 startups top $1B in July

This edition of Cointelegraph’s VC Roundup features Pichi Finance, Sybill, Hyperbolic, Raad Labs, and zkLink.

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