ATOM Jumps 4% on Institutional Demand Before Late-Hour Reversal
ATOM surged 4% from $4.36 to $4.55 in the 24 hours to 15:00 UTC on Aug. 8, breaking through key resistance on exceptional 2.19 million-unit volume that far exceeded daily averages. The rally was fueled by heavy institutional buying of Cosmos ecosystem tokens, a move linked to Coinbase’s launch...
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NEAR Rises 2% as Institutional Traders Drive Volume Amid Volatile Swings
NEAR Protocol rose 1.93% in the 24 hours to 15:00 UTC on Aug. 8, moving from $2.59 to $2.64. The token traded between $2.54 and $2.71, a 6.84% range that industry executives say highlights ongoing structural weaknesses in crypto markets and the need for clearer regulation. “These volatile trading...
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SEC Green Light on Liquid Staking Sends ETH Past $4K, Spurs Broad Staking and Layer-2 Rally
The U.S. Securities and Exchange Commission’s (SEC) clarification around liquid staking continued to lift asset prices across the staking sector this week, with ETH rising to $4K for the first time since December on Friday. Several layer-2 networks have also been the beneficiary of ETH’s recent ascent. Ethereum scaling...
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Coinbase Adds DEX Trading to U.S. Platform in Push Toward Becoming an ‘Everything App’
Coinbase (COIN) is rolling out decentralized exchange (DEX) trading inside its main app for customers across the U.S., with the exception of New York State, the company said Friday. The move is part of its broader ambition to turn the platform into an “everything app” for crypto. The new...
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GMXSOL launches first RWA perpetual contract for S&P 500 ETF
GMXSOL, the Solana-based decentralized leveraged trading platform, has launched its first real-world asset perpetual contract for the exchange-traded fund that tracks the S&P 500. Decentralized finance protocol GMXSOL, which is built on the Solana (SOL) blockchain, debuted the real-world assets…...
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Toncoin’s institutional profile grows with Verb’s $558m public treasury commitment
With an oversubscribed private placement and backing from crypto’s biggest players, Verb is positioning itself as the bridge between institutional capital and The Open Network’s booming blockchain ecosystem. On August 8, Nasdaq-listed Verb Technology Company Inc. announced the successful closing…...
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Was CrediX an exit scam? Team goes dark after $4.4m exploit
CrediX Finance hack may have actually been an exit scam, as the team abandons the project....
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Coinbase is adding DEX trading to Coinbase app, starting with Base-native tokens
Coinbase’s DEX integration could democratize token access, streamline trading, and challenge traditional exchange models, impacting market dynamics. The post Coinbase is adding DEX trading to Coinbase app, starting with Base-native tokens appeared first on Crypto Briefing....
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Jack Dorsey’s Block set to release new Bitcoin mining chips next week
Block’s new mining chips could accelerate Bitcoin’s role as a global currency, enhancing transaction efficiency and financial decentralization. The post Jack Dorsey’s Block set to release new Bitcoin mining chips next week appeared first on Crypto Briefing....
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Bitcoin Stagnates, Altcoins Thrive on Major Regulatory Developments in the US: This Week’s Crypto Recap
The past seven days were quite tumultuous, to say the least. The cryptocurrency market went through a period of enhanced volatility, and even though Bitcoin is trading flat at the end of it, this doesn’t show the full picture. This time last week, BTC was going through a considerable...
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