Bitcoin Crashes as 30-Year Bond Yield Hits 19-Year High
Bitcoin ($BTC) fell below $77,000 as US PPI inflation rose to 5.4%, while the 30-year bond yield hit a 19-year high of 5.353%. #Update #Crypto $BTC
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Stablecoin Infrastructure Launches for US Banks
@Coinbase partners with @Moov to provide stablecoin infrastructure for over 1,000 US community banks, enabling consumer payments and merchant settlements. #Update #Crypto $USDC
Solana Issues Record 263K Tokens in One Day
The Solana network issued a record 263,000 new SPL tokens in one day, surpassing the peak of the memecoin cycle; Pump.fun generated $1.8M in daily revenue. #Update #Crypto $SOL
Central Bankers Join Fnality’s Leadership Team
@Fnality appoints Jon Cunliffe, ex-Bank of England deputy governor, as UK board chair; Jochen Metzger and Ron Berndsen also join. The firm advances euro and dollar payment systems. #Update #Crypto
Kraken Parent Secures $100M from Nasdaq
@Nasdaq invested $100 million in Payward, valuing Kraken’s parent company at $21 billion, enabling tokenized stocks on Kraken’s platform. #Update #Crypto $BTC
Treasury Secretary Bessent Urges CLARITY Act Passage
US Treasury Secretary Scott Bessent urged lawmakers to pass the CLARITY Act upon the Senate’s return, warning against sending a negative signal about US leadership in digital assets. #Update #Crypto
Bitcoin ETFs Shed $167M After Inflow Surge
Bitcoin ETFs experienced outflows of $167M, led by @ARKB, following a strong three-week inflow period. Meanwhile, Ether and Solana funds saw a return to net inflows. #Update #Crypto $BTC $ETH $SOL
Bitcoin ETFs Shed $167M After Inflow Surge
US-listed spot Bitcoin ETFs saw $120.2 million in net outflows on Wednesday, totaling $166.8 million for the week; Ether ETFs gained $34.7 million while Solana ETFs attracted $11.2 million. #Update #Crypto $BTC
Bitcoin Sell-Side Risk Plummets as $80K Sellers Fade
Bitcoin investors remain calm as $BTC retains most August gains, with sell-side risk dropping to rare lows, indicating reduced selling pressure. #Update #Crypto $BTC
Avalanche Revolutionizes Grain Ownership Records
@Arya.ag is testing a system to tokenize warehouse receipts for grain on Avalanche blockchain, aiming to enhance agricultural lending with composite tokens reflecting stored commodity ownership. #Update #Crypto $AVAX
Unicoin Sues Uniswap Labs to Cancel UNI
@TransparentBusiness Inc. sues @Uniswap Labs in New York, asserting its UNICOIN mark does not infringe Uniswap’s trademarks and seeks to cancel the UNI registration. #Update #Legal $UNI
US Sanctions Xinbi Scam Marketplace Restraining $52M
United States authorities restrained over $52 million in crypto linked to Xinbi Guarantee, seizing two wallets with $12 million; sanctions imposed on Xinbi and its tech providers for facilitating scams. #Breaking #Legal $USDT
Election Market Data Launches Ahead of Midterms
DoubleZero integrates Kalshi’s election market data into its platform ahead of the US midterms, with $133 million wagered so far, reflecting heightened prediction market activity. #Update #Crypto $BTC
Ethereum Splits into MetaMask and Institutional Blockchain
@Consensys plans to split into two companies by 2026, creating @MetaMask for consumer services and a new Consensys for institutional blockchain infrastructure. #Update #Crypto $ETH