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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.

Circle proposes new capital-risk framework for stablecoins

In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets regulatory framework.

Anchored Coins warns of potential issues for AEUR amid FlowBank collapse

The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank’s bankruptcy in June.

Haun Ventures backs Chaos Labs with $55M Series A funding

Other investors in the round include PayPal, Lightspeed, Galaxy Ventures, Wintermute, F-Prime Capital, Slow Ventures and The Spartan Group. 

Tron network exceeds Ethereum revenue over the past 90 days

According to data from DefiLlama, the Tron network has accrued $1.31 million in network revenue during the past 24 hours alone.

Solana ETFs will not see significant demand — Sygnum research head

Low uptake of Grayscale’s Solana fund is an early indicator, she said.

‘No matter how bad it gets, there’s a lot going on with NFTs’: 24 Hours of Art, NFT Creator

“There’s a sense of inevitability” that NFTs are the start of a renaissance in digital art says 24 Hours of Art’s RD: NFT Collector.

Wall Street sounds AI bubble alarm — Will crypto AI projects survive?

After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will crypto AI projects survive?

WTF happened 53 years ago today — Why the Nixon shock is still affecting us all

In his 1971 speech ending the gold standard, Richard Nixon promised to stabilize the dollar, but instead, nearly everything has gone up in price.

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