Base Network Suffers 1st Downtime Since Debut, Halts Operations for 29 Minutes
Base, Coinbase’s (COIN) Ethereum layer-2 scaling product, ground to a halt for the first time since its 2023 debut, disabling critical functions including block production, deposits, withdrawals and flashblock operations for 29 minutes before service resumed. The incident occurred at 06:15 UTC as a result of an “unsafe head...
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A Year Ago Today, Bitcoin Hit $49K on Yen Carry Trade Unwind, Now It’s Up 130%
One-year ago today, markets were rattled by the unwind of the yen carry trade. As Japan shifted toward a tighter monetary policy and bond yields rose, the strategy of borrowing in a low-interest currency like the yen to buy higher-yielding assets became less attractive. At the time, capital rapidly...
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From Airdrop to Freefall: Celestia’s Tokenomics Under Fire
When Celestia airdropped its TIA token to 580,000 users in 2023 it was the plat du jour among traders and investors, with the project saying the release aligned with a new “modular era.” However, despite rallying to a dizzying $20 price point in September, 2024, it has since slumped...
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New White House Order Could Punish Banks for Dropping Customers Over Beliefs
The White House is preparing an executive order that would penalize banks for cutting off customers over their beliefs. The order, reported on by the Wall Street Journal, is expected to be signed by President Donald Trump as early as this week. It would direct banking regulators to investigate...
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Remember DOGE at $0.001? Another coin could be 2025’s big memecoin breakout
Dogecoin’s glory days may be behind it, but Pepeto is emerging as the next memecoin contender, offering early‑stage pricing, viral appeal, and a utility‑driven ecosystem. #sponsored...
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CFTC and SEC Launch Crypto Sprint to Reform U.S. Regulations
A new phase in crypto regulation officially began on August 1, as the Commodity Futures Trading Commission launched what it’s calling a “crypto sprint.” Acting Chair Caroline Pham confirmed that the CFTC is teaming up with the SEC, led by newly appointed Chair Paul Atkins, to fast-track parts of...
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110x Return in 3.5 Months: Trader Became Paper Millionaire With This Meme Coin
TL;DR Due to their volatile nature, meme coins have created another success story, turning a relatively small investment into a massive fortune. That precise nature, however, has also led to numerous crashes in the past, so traders should be wary when dealing with them and not follow and invest...
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Bybit, OKX named in SEC advisory—Is the Philippines preparing to ban unlicensed exchanges?
The Philippines’ Securities and Exchange Commission has named ten crypto exchanges, including tier-1 platforms like Bybit and OKX, for operating without registration and warned of potential enforcement action under its new regulatory framework. In an advisory published on Aug. 4,…...
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CrediX recovers $4.5M in crypto after successful exploit negotiation
CrediX recovered $4.5 million in stolen crypto after reaching a deal with the exploiter. Affected users will be refunded within 48 hours, the team said....
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Ethereum holds above key support as Binance open interest hits record high — will ETH rally intensify?
Ethereum is trading at $3,667 at press time, rising 4% in the past 24 hours and indicating renewed interest after a sharp drop earlier in the week. Ethereum (ETH) is still up 46% over the past month, showing strong momentum,…...
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