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ETH traders should ‘expect the unexpected’ after ETF launch

Crypto analysts argue that past performance won’t help to predict Ether’s prices anymore, and Ether has “all the elements to rally like it has never seen before.”

Mark Zuckerberg calls for open-source AI as Meta releases Llama 3.1

Meta is “taking the next steps toward open-source AI becoming the industry standard,” according to CEO Mark Zuckerberg.

Hex Trust gets initial nod for payment institution license in Singapore

Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope.

Spot Ethereum ETFs post $107M net inflows on first day

The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.

Coinbase files motion to compel in ongoing fight to get Gensler’s emails

Coinbase has now filed a motion to compel, including among others, a narrowed request for Gary Gensler’s private communications during his time as Chair.

Bitcoin to spend ‘considerable time’ at $66K, HODLing could change that

Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through.

Google parent Alphabet profit surges 29% in Q2 amid AI splurge

The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business.

Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics

Analysts from Citi Group said a potential “crypto-friendly” administration and growing revenues are bullish catalysts for Coinbase shares.

BlackRock Bitcoin ETF inflows surpass 'magnificent 7' stocks as trader eyes $88K

Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.

Spot Ethereum ETFs seen with over $1B in trading volume on debut

Bloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and expects a “sizeable chunk” of that sum will convert to inflows.

Riot subsidiary Whinstone US sues former JV partner over revenue flow

The partners at the Texas facility had troubled relations almost from their start in 2020.

Senator Cynthia Lummis releases report attacking Biden’s mining tax

The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

Crypto Super PAC spends $1.7M on media buys as Arizona primary looms

Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizona’s 1st District.

Kamala Harris could be ‘far more open’ to crypto business, Mark Cuban says

Kamala Harris’ campaign team is reportedly seeking input on crypto policy ahead of the Democratic National Convention.

Bill targeting illicit use of crypto passes US House

The Financial Technology Protection Act passed the House of Representatives by voice vote roughly a year after lawmakers sent it out of committee.

Wintermute in $300M funding talks, Tencent interested: Report

The crypto market maker could have a valuation of $2 billion if the talks come to fruition.

US lawmakers send a letter to OpenAI requesting government access

Congressional Democrats asked the AI firm, “What is the percentage of computing resources that OpenAI is dedicating to AI safety research?”

Crypto traders say Ethereum ‘undervalued,’ expect spot ETH ETF to fuel new highs

Ether’s price has a muted response to today’s spot ETH ETF launch, but traders still expect Ether to hit new highs soon.

dYdX explores sale of derivatives trading arm

Selini Capital and Wintermute Trading are reportedly bidding on dYdX’s v3. The protocol’s v3 was compromised on July 23.

dYdX v3 compromised in an apparent DNS attack

An attacker appears to have installed a token-draining program on the official domain for dYdX version 3.0.

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