Explore the latest updates from hodl.press, a fresh news platform delivering unbiased, ad-free coverage of Bitcoin, blockchain, and the broader crypto world. At Voted.News, we condense hodl.press stories into concise, reader-friendly summaries, ensuring you get clean, reliable insights without the noise.
Ethereum’s ($ETH) market cap is predicted to surpass Bitcoin’s ($BTC) within five years, says Nick Tomaino of 1confirmation. Ethereum’s scarcity, profitability, and growing adoption give it an edge, potentially reshaping cryptocurrency dynamics. Investors should monitor these trends closely.
Crypto sector sees $231.7M surge in 41 projects. Story Protocol leads with $80M Series B, followed by Fabric Cryptography at $33M. Focus on DeFi and blockchain infrastructure. Notable investments: BiFinance, Skyfire, SatLayer. @a16z involved.
Federal Court Rules in Favor of SEC in Kraken Lawsuit. The court denied Kraken’s motion to dismiss, citing securities law violations. Kraken must respond within 20 days; next hearing on Oct 15, 2024. This ruling may set a precedent for future crypto regulatory actions.
Wyoming to launch a state-backed stablecoin pegged to the US dollar in 2025, supported by US Treasury bills and repurchase agreements. This initiative aims to boost Wyoming’s economy and reinforce its leadership in digital asset regulation.
Spot $BTC ETFs surged by $64.91M on Aug 22, 2024, while $ETH ETFs saw $874,610 in outflows for the sixth consecutive day. Grayscale and Bitwise reported significant $ETH outflows, marking Bitcoin’s market dominance at a 40-month high.
$BTC breaks $62K following @federalreserve’s Jerome Powell’s speech hinting at easing regulations. Market reaction shows crypto’s sensitivity to macroeconomic policies and a potentially favorable environment for high-risk assets with diminished inflation risks.
Michelle Bond, partner of ex-FTX exec Ryan Salame, charged by DOJ for using $400,000 in FTX funds for her 2022 Congressional campaign. Both accused of concealing illegal financing. Salame seeks to annul his guilty plea.
ASIC wins lawsuit against Kraken subsidiary Bit Trade for compliance failure on a new product. The court’s ruling avoids harsher penalties but sets a precedent for increased regulatory scrutiny in the crypto industry. Kraken agrees to comply.
Tether CEO confirms no plans for a proprietary blockchain, will rely on Ethereum and Tron. $ETH holds 57% of TVL. Tether authorized 33B USDT, earning $5.2B profit in H1. Plans $1B investment in AI, mining, and data by 2024.
SatLayer raises $8M, led by @Hack_VC and @CastleIslandVC, to enhance Bitcoin’s ($BTC) security and scalability through Bitcoin Validated Services. Investments include OKX Ventures and Franklin Templeton. Initial $4M goal saw $16M interest.
Bitcoin transaction fees surged 937% on August 22, 2024, reaching an average of $7.65, the highest since June 2024. Some users paid nearly 0.5 BTC to consolidate 0.55 BTC. The spike coincided with Babylon’s mainnet launch but normalized by August 23.
The National Bank of Ukraine bans crypto transactions in hryvnia, stifling market growth. KUNA halts local operations; founder Mikhail Chobanyan notes economic recovery and regulatory changes are crucial for revival amid high taxes and risks.
Federal Reserve Chair Jerome Powell to speak on August 23 at the Kansas City Fed’s Economic Symposium. July FOMC meeting minutes and CME forecasts suggest a likely September rate cut, raising anticipation in the crypto market.
SEC opposes Hex founder Richard Heart’s motion to dismiss fraud lawsuit, alleging promotion of unregistered securities HEX, PSLX, and PLS. Heart accused of using $12M in investor funds for luxury purchases. Next hearing on October 24, 2024.
