General category for all types of news related to the cryptocurrency world.
Aethir, a decentralized cloud startup, hit $36M in annual recurring revenue. Their native ATH token supports staking on Ethereum and Layer-2 Arbitrum. Key partners: @Nvidia, @HPE, Foxconn, @MagicEden, @xsollagames. Aiming at a $30B market. #Update
Worldcoin Foundation extends token lock-up for early contributors from 3 to 5 years to ensure project stability. 211M $WLD tokens claimed by World ID holders, 7.22B held for long-term sustainability. #CryptoNews #Update
LI FI, a cross-chain aggregator, suffered an $8.7M security breach. The hacker targeted Ethereum addresses, converting stolen USDC and USDT into ETH. Users should revoke approvals to these addresses and avoid LI FI apps. Security firms are investigating to prevent future attacks. #CryptoNews
Pepe surged 22% today, driven by Ethereum spot ETFs launching on July 23. $PEPE reached a new high at $0.00001172 with a $4.9B market cap. Meanwhile, PlayDoge raised $5.7M in presale with its P2E game. #Update #Crypto
Backed launches tokenized equities for $MSFT, $GME, $MSTR, $TSLA, $GOOGL, enabling 24/7 trading for non-US investors on the blockchain. Stocks can be used as collateral in DeFi. #BlockchainFinance
#Update
Stripe expands crypto services in the EU, allowing purchases of $BTC, $ETH, and $SOL with credit/debit cards. Targeting crypto marketplaces, the initiative supports stablecoin payments like $USDC for instant fiat settlements. Partnership with Coinbase aims to enhance web3 adoption. #CryptoNews #Update
Elon Musk denies committing $45M monthly to Donald Trump’s campaign, calling it “Fake Gnus.” Significant donations from Joe Lonsdale & Kelly Craft, plus 15.47 BTC from the Winklevoss twins and $1M in ETH from Jesse Powell, highlight the rise of #cryptocurrency in political funding.
.@VitalikButerin calls out low investment in Web3 infrastructure, favoring niche, high-revenue projects like “casinos.” This trend hurts open-source startups vital for decentralization. He urges a shift in investment strategy for sustainable growth. #Web3
Terraform Labs (@terra_money) sets August 9, 2024, 5:00 p.m. ET as the deadline for bankruptcy claims. Unique exclusion of “crypto-related claims” highlights blockchain bankruptcy complexities. Recent moves boost $LUNC to near $0.000080. Key for Terra’s long-term asset stability. #Update
Akshay Nassa, CEO of Chimp Exchange, predicts decentralized exchanges (DEXs) could surpass centralized exchanges (CEXs) like @Binance and @Coinbase within five years, thanks to advancements in security and scalability. #Crypto #Update
Federal Reserve Chair Jerome Powell discussed potential rate cuts at the Economic Club of Washington. While Q2 2024’s positive CPI data boosted Fed confidence and affected Bitcoin’s ($BTC) value, Powell did not specify a timeline for reducing rates. #Economy #Update
PEPE, FLOKI, WIF, and BRETT saw daily gains of over 20% as Bitcoin surged to $64,900. $PEPE traded at $0.00001187, $FLOKI at $1.79B market cap, $WIF at $2.16, and $BRETT at $0.147. #CryptoUpdate
Donald Trump picks Ohio Senator @JDVance1 as his VP candidate, signaling a pro-crypto shift. Vance, a Bitcoin advocate, owns up to $250K in $BTC and opposes restrictive SEC rules. This move may bring significant regulatory clarity to the crypto market. #Update
Donald Trump selects Ohio Senator J.D. Vance as his VP nominee, boosting crypto hopes. Vance’s pro-crypto stance includes efforts against SEC’s SAB 121 and holding $250K in Bitcoin. Bitcoin jumps 5% to $63,519. #CryptoNews
