Stablecoins
Scams
Ransomware and theft drive over $2 billion in illicit crypto activity in 2024 – Chainalysis
The amount of crypto moved through stolen funds has risen by 84% in 2024, while ransomware grew by 2% in the same period.
AI
Solana-powered AI project Avatar One surpasses 120,000 active users
The AI platform aims to combat the global loneliness epidemic, which the World Health Organization has declared a "global public health concern."
ETF
State of Wisconsin increases exposure to Bitcoin in Q2 via BlackRock ETF
In a new filing with the SEC, the SWIB reported holding more IBIT shares and none of the previously reported GBTC shares.
Crypto
US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady
Despite the likely selling movement, BTC showed a positive 0.5% price variation in the past hour, resisting the "government dump."
Crypto
Bitcoin investors show renewed interest in accumulation and holding – Glassnode
Long-term holders are especially accumulating more Bitcoin, following four months of divesting their holdings after the all-time high.
DAOs
Hong Kong court orders financial disclosures in multi-million dollar MANTRA DAO case
The decision by Hong Kong High Court Judge David Lok comes in a legal battle for the ownership of Mantra DAO.
Crypto
Crypto liquidity crisis causes major price slippages during sell-offs – Kaiko
The liquidity concentration issues got worse since the launch of spot Bitcoin ETFs in the US, adding risks of sharp weekend price swings.
Crypto
Short-term Bitcoin investors face pain, triggering panic selling worries
The average price of short-term Bitcoin investors sits at $64,860, which could trigger capitulation if another sell-off happens.
Crypto
PYUSD market cap rises 150% following Solana launch
PayPal's stablecoin participation on both Ethereum and Solana ecosystems are practically evenly split, as PYUSD inches close to $700 million.
Stablecoins
Ripple starts testing its stablecoin RLUSD on XRP Ledger and Ethereum
The RLUSD is not available for retail users yet, as Ripple tests the stablecoin with its enterprise partners.
Crypto
Analysts believe Bitcoin, Ethereum may face further downside in the short term
BTC and ETH still have significant challenges in the short term, as they must conquer key supports in the daily chart.
Crypto
Bitcoin ETF options likely to go live in Q4 – Bloomberg analyst
James Seyffart highlighted that the deadline for a SEC decision is at Sep. 21, with the possibility of options being added in the same month.
