Crypto news

Arbitrum DAO voted on implementing liquidity staking for ARB holders to motivate users to lock their tokens onchain. The liquidity staking will route deposits to governance participants to secure the DAO against governance attacks looking to steal funds from its treasury. The Arbitrum DAO voted on a proposal to integrate staking utility for the Arbitrum layer-2’s native token ARB. Over 25,000 voted on the proposal, with a staggering 91% in favor of the upgrade. The proposal explained the...

TeraWulf’s second-quarter earnings report, released earlier in August, demonstrated mixed performance. While the company produced less BTC than in the same period in 2023, its revenue increased modestly compared to the estimated figures. TeraWulf’s Q2 Results The report revealed that TeraWulf mined 699 BTC across its Lake Mariner and Nautilus Cryptomine facilities, a 21% decrease from the same period last year. The firm’s revenue for the quarter, on the other hand, was $35.6...

Coinbase is launching a new initiative to explore the integration of artificial intelligence (AI) with cryptocurrency wallets. The company has introduced an accelerator grant program offering $3,000 to each of five selected projects that demonstrate innovative ways to combine AI with crypto wallets. The purpose of this paper is to discuss how large language models (LLMs), including ChatGPT by OpenAI and Claude by Anthropic, can control funding operations using blockchain. According to...

Ronin suffered from a $10 million attack on August 6 as an MEV bot withdrew the funds. The individual managing the bot returned those assets to the protocol. Blockchain cybersecurity firm Verichains revealed details about the Ronin chain attack on August 6, causing a loss of about $10 million. While the attack was brought by an MEV (maximum extractable value) bot overseen by a white hat hacker who returned the funds, the incident was highly concerning. The Verichains report mentioned how an...

Police are actively searching for four Chinese nationals believed to have broken into a luxury home in Pathum Thani, one of the central provinces of Thailand, and forced the resident to transfer $2 million (70 million baht) in crypto assets. The break-in took place around 2 AM on Wednesday in Tambon Ban Mai in the Muang district. Crypto Heist According to police reports, six residents, including three men and three women, occupied the house at the time of the incident. Ke...

Ethereum’s record low gas fees have receded to levels unseen for five years. Trends show Ether’s price increasing after such cycles. Ethereum’s gas fees have dipped to record lows, the lowest in five years. Transactions saw users paying gas of 0.6 gwei last week, a stark decrease from March’s 83.1 gwei, when the network witnessed tremendous usage, with the crypto market growing rapidly, marking a decline of about 95%. Gas fees reducing by this much can mean bullish action for Ether (ETH)...

The northern European country of Norway has a population of nearly 5.5 million. Moreover, the government’s investments for its citizens total some $1.7 trillion. A chunk of that is in Bitcoin stocks, and the government upped its holdings this year. Norway Sovereign Wealth Fund’s Bitcoin Spree Norway now indirectly owns 2,446 BTC through its investments in crypto stocks. That’s bullish news for Bitcoin. It paints an enticing picture of global sovereign support for the BTC...

While they are issued by smart contract blockchains with base layer currencies like Ethereum (ETH) and Solana (SOL), meme coins have fetched far greater gains in a shorter period of time than the most established cryptos. Bitcoin, for example, gained 347% from key price support at a Dec. 31, 2022 low level of $16,500 to an all-time high Bitcoin price of $73,800 on Mar. 14, 2024. Ether, meanwhile, gained 234% from a Dec. 31, 2022 low level of $1,200 to an all-time high...

Franklin Templeton, a prominent Wall Street asset management firm, has filed to launch a new exchange-traded fund (ETF) focused on major cryptocurrencies. The proposed Franklin Crypto Index ETF aims to offer investors exposure to Bitcoin and Ethereum under the ticker symbol “EZPZ.” This move highlights the growing interest from institutional investors in the cryptocurrency market. Moreover, it strengthens Franklin Templeton’s position in the expanding digital asset space. The Franklin Crypto...

A new pod of crypto whales has liquidated an enormous amount of their Binance Coin (BNB) holdings and invested in the ETFSwap (ETFS) presale, prompting other crypto watchers to take notice and follow suit.  ETFSwap (ETFS) Platform Has Strong Pull On Whales  The ETFSwap (ETFS) is the only crypto platform that tokenizes ETFs and presents the opportunity for major crypto investors to seamlessly participate in trading the approved crypto ETFs, like spot Bitcoin (BTC) and Ethereum (ETH)...