Bitcoin ETFs Surge Ethereum ETFs Dip
Bitcoin ETFs see $193M inflow, led by BlackRock’s $BTC with $157.6M. Meanwhile, Ethereum ETFs face a $3M outflow, with Grayscale’s $ETHE losing $19.8M. #CryptoMarket
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SoundHound Acquires Amelia AI for $80M
SoundHound acquires Amelia AI for $80M, enhancing its conversational AI capabilities. Q2 2024 revenue hits $13.5M, up 54% YoY. Targets $150M revenue by 2025, with $45M from Amelia AI. #ArtificialIntelligence $SOUND
Crypto Firms Seek Turkey Operations Approval
47 crypto firms, including $BNB and $BFX, apply for licenses in Turkey. Big names like $COIN and $BYBIT yet to apply. Turkey proposes a 0.03% crypto tax, finalizing regulations soon. #CryptoRegulation
Crypto CEO Talks Account Blocks
OKX CEO warns users of potential account closures if interacting with sanctioned entities Garantex and Tornado Cash. $OKX emphasizes compliance and security after a recent $11M hack. #CryptoSecurity
Crypto Bank Faces Fed AML Accusations
Fed accuses $CUBI of AML violations, mandates revised client verification and oversight plans. Experts suggest broader strategy against crypto-friendly banks. Customers Bank vows to enhance crypto risk management. #CryptoRegulations
Tether Expansion Workforce Doubles by 2025
Tether to double workforce to 200 by mid-2025, focusing on regulatory compliance and financial management. CEO Paolo Ardoino aims for efficient growth while managing $118B in assets. Q2 operating profit hits $1.3B. $USDT #cryptocurrency
Bitget Lists MAJOR Token Pre-Market
Bitget lists $MAJOR token on its pre-market platform. Users can pre-order, engage in peer-to-peer transactions, and earn rewards via a Task-to-Earn system integrated with Telegram. #Cryptocurrency
AI Robot Revolution Figure’s Second-Gen Launch
Figure 02, an advanced AI-powered robot, revolutionizes commercial automation with six RGB cameras, enhanced AI, and longer battery life. Collaborating with OpenAI, it secures $675M in funding, boosting its valuation to $2.6B. #AI #TechNews $COMPANY
Crypto ETF Approval Faces Japan Hesitation
Japan’s FSA Chief Hideki Ito urges caution on crypto ETF approvals despite global acceptance trends. Highlighting risks, Ito emphasizes the need for balanced innovation and financial stability. #CryptoRegulation
Bitcoin Rebound Boosts JPMorgan Chase
Bitcoin rebounds to over $57,000 post-crash, driven by institutional investor confidence. Minimal outflow from spot Bitcoin ETFs and Morgan Stanley brokers offering stocks signal strong market support. $BTC #CryptoNews
BitGo Achieves Singapore Payment License
BitGo secures Major Payment Institution License from MAS, enabling secure crypto services in Singapore. This positions BitGo to meet increasing demand for regulated digital asset services in Asia. Similar approval was granted to Hex Trust earlier this year. #CryptoRegulation
Vessel Platform Secures $10M Funding
Vessel secures $10M in seed funding led by Sequoia Capital to advance DeFi trading with Zero-Knowledge Proof solutions, integrating CEX efficiency and DEX transparency. $VESSEL aims to enhance security, liquidity, and scalability in cryptocurrency transactions. #DeFi #Crypto
Immutable NFT Marketplace Closing August 13
Immutable to close its NFT marketplace on August 13, 2024, shifting focus to ecosystem growth and new partnerships. Users advised to migrate to platforms like AtomicHub and TokenTrove. $IMX #BlockchainNews
WazirX Shutdown After Major Hack
Breaking: $WazirX halts operations following a $235M hack, impacting 45% of reserves. All transactions from July 18-21, 2024, canceled; user balances to be restored by July 18. #CryptoSecurity