PONS Token Surges 360% Amid Robinhood Boom
The @Pons launchpad generated a record $5.95 million in fees and saw PONS rise over 360% in a week, with trading volume hitting $400 million. #Update #Crypto $PONS
Michigan Authorities Block Kalshi Ahead of Supreme Court Fight
Michigan’s attorney general secures a preliminary injunction against @Kalshi, blocking its prediction markets for residents, citing illegal sports betting practices. Violations could result in fines up to $500K daily. #Update #Legal
Bitcoin Mining Surges 670 BTC in August
Marathon Digital mined 670 BTC in August, raising its treasury to 25,000 BTC under a full HODL strategy. #Update #Crypto $BTC
Bitcoin Market Surges to $2.73T Milestone
Crypto market hits $2.73T as Fed rate fears ease; $BTC climbs 4.8% to $81,364, $ETH above $2,500; altcoins surge with ZIG up 18.75%, ZEC 18.06%. #Update #Crypto
XRP Rally Pressures 115 Million Token Short
Leveraged funds doubled their CME XRP net short to 2,314 contracts, totaling 115.7 million XRP, while dealers and asset managers increased net longs amid rising open interest. #Update #Crypto $XRP
Bitcoin CLARITY Act Launches Wyoming’s Digital Asset Framework
Senator Cynthia Lummis advocates for the CLARITY Act, aiming to extend Wyoming’s digital asset regulations nationwide, clarifying federal rules for crypto firms. #Update #Crypto $BTC
AI Outages Disrupt 95% User Workflows
OpenAI, Anthropic, and xAI resolved outages affecting ChatGPT, Claude, and Grok by Thursday afternoon after morning disruptions impacted users’ work. #Update #Tech
Bitcoin Stalls Below $83K as $14B Expiry Looms
Bitcoin’s price hit $81,364 on Sept. 3 but remains below $83,000 due to rising U.S. 10-year yields and slow ETF turnover; $14B options expiry on Sept. 25 is crucial. #Update #Crypto $BTC
Bitcoin ETFs Surge as Ethereum Stalls
Spot Ethereum ETFs saw $48.08M outflows, ending a $1.62B inflow streak; XRP ETFs lost $7.2M after 11 days of gains, while Bitcoin ETFs gained $101.15M. #Update #Crypto $BTC
Solana Stakers Face 99.4% Yield Cuts
Solana’s governance vote SGP-0002, aiming to double disinflation, sees 90.6% support but faces opposition from @Solana Company, which relies on staking revenue for 99.4% of its Q2 income. #Update #Crypto $SOL
SEC Sets Tokenized Collateral Standards
The CFTC issued guidance for derivatives clearing organizations on handling tokenized collateral, focusing on risk controls for tokenized U.S. Treasuries as margin. #Update #Legal
Revolut Secures OCC Approval for US Charter
@Revolut has received conditional approval from the US Office of the Comptroller of the Currency for a national bank charter, aiming for a 2027 launch. #Update #Crypto $USDC
Bitcoin Exposes $6.3B Iran Russia Crypto Pipeline
On Aug. 7, US authorities sanctioned Iranian crypto platforms Shelbit and Aban Tether for facilitating transactions linked to Iran’s Islamic Revolutionary Guard Corps, involving over $6.3 billion in activity. #Breaking #Crypto $USDT
Crypto Futures Dispute CFTC Seeks Dismissal
The Commodity Futures Trading Commission (CFTC) seeks dismissal of Chicago Mercantile Exchange’s lawsuit over crypto perpetual futures approval, citing lack of financial harm. #Update #Legal