Technology
Crypto
Altcoin leverage balloons to $44 billion, setting up whipsaw volatility
Glassnode highlighted that when leverage is stretched and assets trade as a single block, even modest shocks can cascade through forced liquidations.
Adoption
Public companies now hold $3.2B worth of Ethereum, swelling past 865,000 ETH
With public companies expanding their Ethereum treasuries, strategic acquisitions reflect a growing institutional trust in the crypto.
ETF
In-kind redemption for Bitcoin and Ethereum ETFs get ‘positive sign’ as Cboe’s files amendments
James Seyffart described the cluster of filings as a “positive” signal that the Securities and Exchange Commission (SEC) is working with issuers to finalize an in-kind framework.
ETF
Solana’s break above $200 signals institutional appetite, potential to lead next capital wave on altcoins
MEXC Research chief analyst points to ETF anticipation and progress on core infrastructure as main drivers for institutional appetite.
Stablecoins
PNC taps Coinbase to bring crypto trading into client accounts
The bank will allow wealth and asset management clients to trade crypto directly through their accounts, without using a third-party platform.
Legal
FBI drops probe into Kraken founder Jesse Powell, returns seized devices
Powell's attorney requested a DOJ letter to counter the alleged reputational damage caused by the raid.
Crypto
Altcoins benefit from capital rotation as Bitcoin dominance slides amid consolidation
Major cap altcoins registered double-digit price increases last week, as Bitcoin remains close to its recent all-time high.
Technology
Jito proposes a block marketplace to turn Solana into a ‘decentralized Nasdaq’
The Block Assembly Marketplace proposal includes private orders until execution, a public audit trail of every ordered bundle, and scheduling logic through Plugins.
Legal
Roman Storm’s defense hints at mistrial after agents fail to trace funds stolen from witness to Tornado Cash
The dispute arose after MetaMask security lead Taylor Monahan published a thread on July 18, in which she shared her review of the witness' transactions.
Crypto
Polymarket eyes return to the US following acquisition of CFTC-licensed QCEX for $112M
The prediction market plans its return to the US following a January 2022 settlement that required the platform to block American users.
Derivatives
Coinbase starts CFTC-regulated perpetuals for US traders, offering 10x leverage and 0.02% fees
The platform debuts in the US with nano Bitcoin and Ethereum contracts, offering leverage below the market average.
Regulation
SEC chair says Ethereum not a security and praises its pivotal role in digital currencies
Atking said it is encouraging to see the market embracing assets such as ETH, noting that this provides a good future for development.