Technology
Crypto
PYUSD hits $1 billion milestone with the majority of its supply on Solana
Incentives offered by money market Kamino might be the major factor behind most of PYUSD being issued on Solana.
Regulation
Kraken hit with dual legal, regulatory setbacks in US and Australia
Judge William H. Orrick ruled in favor of the SEC and rejected Kraken's motion to dismiss the lawsuit filed by the regulator.
Crypto
AI, data services, and staking tokens lead market recovery this week
All three sectors surpassed the 20% average growth threshold, while memecoins, DeFi tokens, and DePIN lagged behind.
Election 2024
Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump
Crypto and US equities prices significantly went up after the independent candidate confirmed his support for Donald Trump.
Crypto
Vitalik Buterin says Ethereum’s fundamentals have become ‘crazy strong’
Buterin made the statement in response to claims that Ethereum has "weakened a lot" during this market cycle.
Governance
MakerDAO unveils revamped stablecoin and governance tokens
Users will be able to swap the current tokens for their new NewStable and NewGovToken versions, as part of MakerDAO's push for mass adoption.
Crypto
US-traded spot Ethereum ETFs amass $2 billion in inflows
If bundled cumulatively under one product, the inflows would make it the fourth largest ETF launch to date.
Crypto
Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September
The document also hints at a 25 basis points (bps) rate cut due to "recent progress on inflation" and "increases in the unemployment rate."
Memecoins
Hackers compromise McDonald’s Instagram account to conduct $700k rug pull
The group identified as India_X_Kr3w managed to snag $700,000 after gradually dumping their GRIMACE holdings.
Derivatives
On-chain derivatives trading volume declines third week in a row
Despite the recent slump, the on-chain derivatives market's average monthly volume is up by 357% year-on-year.
ETF
Bloomberg analyst sees bleak future for Solana ETFs amid current SEC climate
Although the issuers filings are still active, Eric Balchunas doesn't believe a Solana ETF approval will happen this year unless a change occurs on SEC's leadership.
Crypto
Kaiko believes tokenized treasuries will retain appeal amid expected Fed rate cuts
On-chain flows and secondary market activity for tokenized US Treasuries and related tokens suggest growing popularity.