Crypto news

Franklin Templeton’s FOBXX is now available on Arbitrum, enhancing digital asset compatibility. The integration is a significant step toward merging traditional and decentralized finance. The Arbitrum Foundation and global asset manager Franklin Templeton announced this week that the Franklin OnChain U.S. Government Money Fund (FOBXX) is now available on the Ethereum Layer 2 blockchain, Arbitrum. Investors can have access to FOBXX via digital wallets on the Benji Investments platform,...

Judge Analisa Torres of the US District Court for the Southern District of New York has ordered Ripple to pay $125 million to the US Securities and Exchange Commission (SEC) on August 7. The firm must make the transaction within 30 days of its judgment. Ripple had previously argued that the fine must not exceed $10 million as the SEC demanded $2 billion. A court filing mentioned that “Ripple is liable for a civil penalty in the amount of $125,035,150 pursuant to Section 20(d) of the...

Binance recovered over $73 million in user funds in 2024, surpassing 2023’s total. Most recoveries stem from external hacks, showcasing Binance’s proactive security efforts. Binance revealed the successful recovery and freezing of approximately $73 million in customer assets from external hacks between January 1 and July 31, 2024. This represents a huge increase over the $55 million collected throughout 2023. Binance’s proactive actions and coordination with industry participants and the...

As the cryptocurrency market grapples with a $1 billion liquidation event, Pawfury (PAW) emerges as a promising presale project, offering a potential safe haven for investors. With its innovative approach and strong community backing, Pawfury stands out in the chaotic landscape of digital assets. Pawfury (PAW) – The New Future Market LeaderPawfury (PAW) has emerged as a new star in the cryptocurrency market. Its innovative features, strong community support, and practical utility make it...

In July, global crypto trading volume on centralized exchanges surged by 19%, reaching $4.94 trillion. This marks the first increase in trading volumes in four months, as reported by CCData. Crypto Trading Volume Surge CCData noted that the increase in trading volume is due to the launch of spot Ethereum exchange-traded funds in the U.S. and the positive sentiment from local political figures at the Bitcoin conference in Nashville, Texas. The report highlights significant...

Samsung and Illuvium join forces to bring the Illuvium universe to life on Samsung Web3 TVs. The GEN3RATOR campaign will further merge Samsung and Illuvium communities, featuring exclusive NFTs. Samsung has announced a groundbreaking collaboration with ‘Illuvium, a top Web3 game developer, to improve the Web3 television experience. Samsung’s Web3 TVs will incorporate Illuvium’s NFTs, allowing users to display in-game assets like weapons, Illuvials, and suits directly on their TV screens,...

Brazil’s Securities and Exchange Commission, or the Comissão de Valores Mobiliários (CVM), has approved SOL Exchange Traded Funds (ETFs). The issuance will occur after Brazil’s stock market, B3, approves it, which is the next and final step in the process. This fund will be one of the only few SOL ETFs in issuance worldwide at the moment. The first was the product offered by 21Shares, ASOL, on Switzerland’s SIX exchange in 2021. Others include CoinShares’ Physical Solana and ETC Group’s...

TL;DR Tron (TRX) leads with 87% of investors currently in profit. Cardano (ADA) is on the opposite side, with most of its holders underwater. Bitcoin (BTC) is Among the Leaders The enhanced volatility of the cryptocurrency market has significantly affected investors in different digital assets. At the start of the week, prices were plummeting, resulting in substantial paper losses for HODLers, while the subsequent comeback partially fixed the situation for those who endured...

Binance’s venture capital and incubation arm – Binance Labs – announced investing in the Solana-based restaking network, Solayer. Solayer plans to deploy the new capital infusion from Binance Labs to grow its team, onboard additional protocols into its ecosystem, and solidify its role as a crucial part of the Solana blockchain. According to the official press release, the team will also prioritize researching ways to mitigate Solana’s network congestion through the use of...

Following a significant downtrend, Bitcoin found strong support near the $50K threshold and experienced a notable rebound. However, the price has now approached a substantial resistance region around the 200-day moving average at $61K, potentially completing a pullback. Technical Analysis By Shayan The Daily Chart A detailed examination of Bitcoin’s daily chart reveals a significant increase in buying pressure and demand near the critical $50K support region, resulting in a...