Ethereum’s funding rates and price decline point to bearish shift

Onchain Highlights DEFINITION:The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is positive, long positions periodically pay short positions. Conversely, when the rate is negative,... Read more »

US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady

A Bitcoin (BTC) address that received 10,000 BTC from a US government wallet two weeks ago moved the entire stash to a Coinbase Prime deposit wallet today, according to on-chain data. The... Read more »

3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages

Three Arrows Capital (3AC) liquidators have filed a lawsuit against Terraform Labs, seeking $1.3 billion in damages for TerraLUNA’s collapse. The legal action, filed on Aug. 12, claims that Terraform Labs manipulated... Read more »

Bitcoin climbs almost 5% to $61.5k as market reacts positively to Mt. Gox distributions

Bitcoin’s price climbed to $61,500 on Aug. 13 following the movement of $2 billion in Bitcoin tied to the long-defunct Mt. Gox exchange. The rally, which saw the leading crypto jump by... Read more »

SunPump Beta Launches on TRON, Driving Innovation in Meme Coin Development

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Singapore, August 13, 2024 – SUN.io, a leading DeFi platform on TRON, is... Read more »

Harris needs crypto support to win undecided voters, survey shows

Vice President Kamala Harris may need to attract more support from the crypto community to strengthen the Democratic Party’s chances of winning the November elections, according to a recent survey by crypto... Read more »

PYUSD market cap rises 150% following Solana launch

PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data. Notably, the... Read more »

Tether calls Celsius’ lawsuit “baseless” in response to Bitcoin liquidation dispute

Tether Limited, the issuer of the largest stablecoin USDT, has strongly dismissed a lawsuit filed by Celsius Network Limited. In a press release on Saturday, Tether accused the defunct crypto lender of... Read more »

Tyler Winklevoss criticizes the Fed’s crackdown on Customers Bank

Crypto exchange Gemini co-founder Tyler Winklevoss called the “reset” of the crypto stance of Vice President Kamala Harris a “scam” in an X post on Friday, amid the Federal Reserve’s crackdown. Winklevoss’... Read more »

California’s Santa Monica city launches Bitcoin office to bolster adoption

The City of Santa Monica has officially launched a Bitcoin Office to enhance education and explore economic opportunities related to Bitcoin, further positioning itself as a leader in crypto innovation. The initiative,... Read more »
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