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
Ore Protocol V2 drives 14% of Solana transactions, improving efficiency and reducing failures to less than 5%. Over 30,000 ORE miners have paid 1,498 SOL ($230K) in fees since Aug. 6 launch. #Blockchain
Bitcoin surges 5% to $58,800 amid US recession fears. Increase in US investor demand and BTC whale accumulation signal a bullish trend. Bank of Japan’s dovish stance stabilizes markets. $BTC #CryptoNews
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
Franklin Templeton launches $FOBXX money market fund on Arbitrum, enhancing digital finance integration. Investors can access it via the Benji Investment Platform, bridging traditional and blockchain finance. This marks the first US fund using a public blockchain. #Tokenization
Supreme Court of Montenegro delays Terra ($LUNA) founder Do Kwon’s extradition to South Korea after a legal compliance review request from the Supreme State Prosecutor’s Office. The decision also raises questions on extradition to the U.S. #CryptoLaw
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
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
Breaking: OpenAI’s ChatGPT app hits record $40M revenue in July 2024, driven by 2M new users and the GPT-4o model. 83% of revenue via $AAPL’s App Store. Future growth may face hurdles due to legal issues. #TechUpdate
Breaking: $ARB partners with $USDC to integrate stablecoin for Orbit Chain gas fees, enhancing transaction stability and convenience. This move leverages USDC’s $1.6B supply on Arbitrum, improving liquidity and accessibility. #BlockchainUpdate #USDC #Arbitrum
Grayscale launches Bittensor Trust and Sui Trust to expand crypto offerings amid Ether ETF setbacks. New trusts aim to attract both individual and institutional investors. Investor optimism persists despite recent Bitcoin and Ethereum outflows. $BTC $ETH #CryptoUpdate
Jump Trading sells $30M in $ETH, sparking concerns over Ethereum’s recovery. The firm also moved $47.92M in wrapped staked Ethereum for conversion. Total deposits hit $277M in 10 days. Observers watch for market impact. #CryptoUpdate
Breaking: Nexera hit by $1.5M crypto hack, 34M $NXRA tokens stolen. Hackers took control of a proxy contract, converting stolen tokens to $ETH and bridging to $BNB. Trading paused on all exchanges. #CryptoSecurity
Breaking: A $40B wealth manager selects Bitwise Bitcoin ETF ($BITB) for BTC investments, marking a significant step in institutional crypto adoption. Bitcoin trades at $56,839.92, up 6% in 24 hours. #CryptoUpdate #Bitcoin
