Market
Analysis
Grayscale victory against SEC sparks $90M in market liquidations, slims GBTC discount
Grayscale's Bitcoin Trust discount narrows to under 20% following the firm's victory.
Analysis
Digital asset investment products see massive $168M in outflows
Despite the current negative sentiment, investors continued to reduce their short Bitcoin positions.
Mining
Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss
Canaan revealed that its mining revenue for the second quarter grew to a historic high of $15.9 million.
Legal
DOJ seeks to dismiss star lineup of expert witnesses in Sam Bankman-Fried trial
Meet the witnesses the U.S. government wants barred from testifying.
Legal
Sam Bankman-Fried lawyers decry procedural breach as evidence pages pile to 7.7 million
The lawyers want the court to bar the government from further documents release.
Adoption
BlackRock’s Bitcoin strategy involves investments in top mining companies
BlackRock has a pending spot Bitcoin ETF application before the U.S. Securities and Exchange Commission (SEC).
Tokenization
1inch buys $10M Ethereum after major fund withdrawal from crypto investment fund
1inch withdrew over $40 million worth of cryptocurrencies from its investment fund
DeFi
Balancer suffers breach despite prior warnings; TVL falls $164M
Balancer's TVL has declined by nearly 20% to $676.47 million from $840 million, according to DeFillama data.
Layer-2
Shiba Inu tokens value slide amid Shibarium bridge restart
The Shibarium team said withdrawals from the bridge would be subject to prolonged processing times.
DeFi
Bubble bursts for Friend.tech as key metrics tumble by over 90%
Friend.tech's recent struggles have reawakened the ghosts of failed decentralized social application, BitClout.
Web3
Brian Armstrong to headline DeSci sessions at forthcoming Sora Summit
Sora Ventures' upcoming industry event will explore DeSci, NFT utility, DeFi infrastructure, Bitcoin ecosystem developments, and more.
NFTs
Trump NFTs sales volume skyrocket by 3,700% following mug shot release
The former President surrendered to authorities in Georgia on Aug. 24.