Crypto

Wallets with tiny balances make up the clear majority of the holder base.

The $11.7 million convert vanished, leaving a simpler capital stack and a tougher test for replacement funding. The post Bitcoin treasury company erases 7.7M shares after selling 177 BTC – yet Bitcoin per share fell appeared first on CryptoSlate.

The research released by the organization said that crypto companies will directly or indirectly lead to 232,000 jobs across the entire US economy in 2026. Research from the National Cryptocurrency Association (NCA), an organization backed by Ripple Labs, broke down the economic impact of the entire crypto industry on the United States, estimating that salaries, worker spending and output will have contributed $55 billion this year. According to a report released Wednesday by the Pragmatic Policy Group on behalf of the NCA, the total economic contribution was based on direct, indirect and induced employment. Of the sectors to benefit from crypto’s economic contributions, the NCA said that investments in securities and commodity contracts were among the highest at $9.7 billion, while housing and real estate were a combined $4.8 billion.  The research found that about 34,000 people in the US were directly employed by crypto companies, accounting for just a fraction of the 232,000 jobs supported by the industry ...

BitMEX’s shutdown marks the end of one of crypto’s earliest derivatives exchanges as analysts point to rising regulatory costs, market concentration and the shift toward licensed trading venues. The closure of crypto derivatives exchange BitMEX is prompting fresh questions about whether the industry is entering a new phase of consolidation, as analysts point to market-share concentration and rising regulatory costs squeezing smaller platforms. While BitMEX helped pioneer perpetual swaps that became a cornerstone of digital asset derivatives trading, its daily Bitcoin futures volume began declining around May 2021 and never recovered to its 2020 daily peak of between $1 billion and $5 billion, according to data from CryptoQuant. Restructuring adviser Roshan Dharia told Cointelegraph the exchange’s demise reflects structural pressures facing mid-sized centralized exchanges, where liquidity has increasingly concentrated among the industry’s largest players and regulatory compliance costs continue to rise. He sai...

The deleted post touted a bogus "Vladhood" token as the mascot of Robinhood Chain—the latest fraud to exploit a network currently dominated by memes.

Reported terms include releasing two withheld documents and reviewing records and text-message controls after the Gensler-era losses. The post SEC pays $150,000 as Coinbase-backed Freedom Of Information Act settlement releases two withheld documents appeared first on CryptoSlate.

The crypto asset manager thinks the four-year cycle is dead, suggesting Bitcoin's price will follow macro forces and the Fed's next move.

Higher Treasury yields and a stronger dollar continue to weigh on BTC as investors favor income-producing assets.

The post, now deleted, touted a token called $VLAD and falsely claimed it would be listed on Robinhood.

The Q2 mark cut GAAP earnings by $87 million after tax, while Tesla added the full pretax loss back to adjusted EBITDA. The post Tesla books $112 million crypto paper loss as digital assets fall to $674 million appeared first on CryptoSlate.

The former Signet developer aims to launch early next year a marketplace connecting stablecoin issuers with regional lenders to manage reserves.

A hacker reportedly took over Robinhood CEO Vlad Tenev’s X account to promote a fake “VLAD” memecoin, posting what appeared to be a malicious token contract address. One or more hackers took over Robinhood CEO Vlad Tenev’s X account on Thursday after a post appeared promoting a fake memecoin called “VLAD” and included what appeared to be a malicious token contract address. The post attracted more than 175,000 views in less than 20 minutes before users identified it as a scam and warned others not to interact with the token. Read more

The first tokenized livestock deal on Brazil's stock exchange offers dairy farmers a lifeline as the sector's credit crisis deepens.

Ethereum's latest technical setup has historically marked distribution endings as whales continue accumulating millions of dollars worth of ETH.

Reduce-only trading begins Aug. 26, with forced closes possible before exchange services end Sept. 23. The post BitMEX shutdown gives traders 2 months to withdraw, but active positions face an earlier deadline appeared first on CryptoSlate.

Goldman chief David Solomon will support the crypto market structure bill now in Congress, even as financial companies and banks are hesitant over provisions on stablecoins. David Solomon, chair and CEO of financial giant Goldman Sachs, has given his support for a “not perfect” cryptocurrency market structure bill under consideration in the US Senate even as many provisions continue to divide lawmakers and his fellow industry leaders. According to a Thursday Politico report, Solomon said that the Digital Asset Market Clarity (CLARITY) Act was “not perfect” but needed to create a “level playing field to enhance market stability.” Solomon stands out as the head of a major financial company backing the legislation, which many of his peers are opposing by arguing that the bill allows crypto companies to pay users interest or yield on stablecoins outside standard rules for financial institutions. “The CLARITY Act — like all legislation — is not perfect,” said Solomon, according to Politico. “And there are lots of ...

Rolling out this week, Coinbase Business users will be able to accept payments from AI agents, done via the x402 protocol, developed and incubated by the exchange.

Whales keep increasing their exposure to the cryptocurrency.

Seven straight days of Bitcoin ETF inflows totalling $981M suggest institutional re-accumulation, with Santiment flagging $70K as the next plausible BTC target. The post $981M Bitcoin ETF Streak Signals Institutional Re-Entry, $70K in Sight appeared first on Cryptonews.

Both parties say they want US crypto market structure legislation, but a dispute over ethics rules and who enforces them is becoming the bill’s biggest obstacle. The long-awaited US Digital Asset Market Clarity Act (CLARITY) has hit another snag. This time, it’s not software developers or the turf war between federal regulators at stake, but the thornier question of ethics — ironic, given many politicians’ demonstrable disdain for them. After months of negotiations and what Coinbase’s chief executive Brian Armstrong called “thousands of hours of work on both sides,” disagreement over a code of conduct could make or break CLARITY once and for all. Read more