Crypto

Tokenization of real-world assets (RWAs) is accelerating, bringing stablecoins, treasury bills, real estate and more into the crypto ecosystem, CZ added.

The struggling Canadian firm aims to scale through a Litecoin-focused reserve and infrastructure model amid a pivot to the 27th-largest coin.

SEI is the native token of the Sei network, a layer-1 blockchain specializing in trading infrastructure for decentralized exchanges and marketplaces. Crypto asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund tracking the price of SEI, following Canary Capital’s application in April.  The S-1 registration statement filed with the SEC on Thursday proposes to use crypto price index provider CF Benchmarks to track the price of SEI, using data from multiple crypto exchanges. SEI is the native token of the Sei network, both were launched in August 2023. The network itself is a layer 1 blockchain that specializes in trading infrastructure for decentralized exchanges and marketplaces. Its native token can be used to pay for network gas fees and participate in governance.  Read more

Bitcoin miner IREN rose 14% in after-hours trading after posting a record $187.3 million revenue in the last quarter, as it continues to expand into AI. Bitcoin miner IREN has posted its best quarter of earnings to date, bringing in $187.3 million last quarter, which contributed to a record $501 million revenue for the fiscal year, sending its stock up nearly 14% in after-hours trading.  Quarterly revenue for the month ended June 30 was up 226% year-on-year, helping the company swing back into profitability with $176.9 million in net income, IREN said in a report on Thursday.  The surge was driven by growth in its Bitcoin (BTC) mining business, but the company has also made moves to deepen its footprint in the AI space as a new “Preferred Partner” to AI giant Nvidia. Read more

BTS Jungkook’s identity thief’s crypto scam ring. Ripple and Circle back Singapore stablecoin infrastructure firm. Asia Express A hacking syndicate accused of stealing 39 billion won ($28 million) by targeting wealthy corporate executives and celebrities including BTS member Jeon Jung-kook has been arrested by South Korean police. A Seoul police unit said Thursday it had apprehended 18 suspects who allegedly hacked government agencies, public institutions and IT platforms to obtain personal and financial data from 258 victims, according to local media reports. The stolen information was then used to break into bank, securities and cryptocurrency exchange accounts. Police said the group successfully stole 39 billion won from 16 victims and attempted to defraud another 25 billion won from 10 others, bringing total damages to 64 billion won. Among the victims were three celebrities and two corporate leaders from South Koreas top 100 companies. The largest confirmed theft amounted to 21.3 billion won in crypto. R...

BTS Jungkook’s identity thief’s crypto scam ring. Ripple and Circle back Singapore stablecoin infrastructure firm. Asia Express A hacking syndicate accused of stealing 39 billion won ($28 million) by targeting wealthy corporate executives and celebrities including BTS member Jeon Jung-kook has been arrested by South Korean police. A Seoul police unit said Thursday it had apprehended 18 suspects who allegedly hacked government agencies, public institutions and IT platforms to obtain personal and financial data from 258 victims, according to local media reports. The stolen information was then used to break into bank, securities and cryptocurrency exchange accounts. Police said the group successfully stole 39 billion won from 16 victims and attempted to defraud another 25 billion won from 10 others, bringing total damages to 64 billion won. Among the victims were three celebrities and two corporate leaders from South Koreas top 100 companies. The largest confirmed theft amounted to 21.3 billion won in crypto. R...

Argentina’s opposition parties have revived a stalled investigation into President Javier Milei’s role in the LIBRA scandal, seizing on new corruption allegations that have rattled the government just weeks before October’s elections. The commission, first created in April but largely paralyzed by bureaucratic and congressional hurdles, was reactivated on Aug. 28 after leaked recordings implicated […] The post Argentina’s opposition party votes to reopen investigation into President Milei over LIBRA scandal appeared first on CryptoSlate.

OG whales have been selling, and Bitcoin miners started selling too. Is the $485 million in BTC sold by miners a red flag or just standard profit-taking? Key takeaways: Bitcoin miners sold $485 million worth of BTC during a 12-day period ending Aug. 23. Despite miners selling, Bitcoin’s network hashrate and fundamentals remain resilient. Read more

Bitcoin holds $112K as El Salvador eyes $1B in BTC, Trump-backed miner lists on Nasdaq, and U.S. data moves onchain—setting up BTC’s path to $130K. The post Bitcoin Price Prediction: $1B Bets & Nasdaq Debut Fuel BTC’s Path to $130K appeared first on Cryptonews.

Beijing has unveiled its most aggressive artificial intelligence targets yet, aiming for near-universal adoption within a decade.

The Governor of the South Korean Central Bank says Seoul is planning to use its Central Bank Digital Currency (CBDC) to pay over 110 trillion won ($79.3 billion) in subsidies. The post South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies appeared first on Cryptonews.

The 10 highest-grossing crypto protocols generated $1.2 billion in revenue during the 30 days ending Aug. 28, representing a 9.3% increase from the previous month’s total of $1.1 billion per DefiLlama data. Ethena led the percentage gains with a 243% revenue surge, jumping from $9.46 million to $32.48 million, as its synthetic dollar USDe captured […] The post Top crypto protocols generate $1.2B in revenue after recording 9.3% monthly growth appeared first on CryptoSlate.

Best crypto assets have been examined as XRP signals a breakout, Dogecoin consolidates, and Pi Network begins recovery with upgrades. Bitcoin Hyper has raised $12.5M in its presale, adding to investor focus on emerging layer-two networks while the wider market steadies at $3.99T. The post Best Crypto to Explore Today 28 August – XRP, Pi Network, Dogecoin appeared first on Cryptonews.

A publicly listed real estate firm has become the first corporate treasury vehicle to hold Chainlink (LINK) as a reserve asset, signaling the growing push by companies to adopt alternative digital assets beyond Bitcoin (BTC) and Ethereum (ETH). CaliberCos, a Phoenix-based asset manager whose stock has fallen more than 98% since its 2023 Nasdaq debut, […] The post CaliberCos adopts Chainlink as treasury reserve amid financial woes, stock surges 60% appeared first on CryptoSlate.

Gryphon’s rising share price comes as more crypto companies go public and digital asset regulation in the United States has progressed. Gryphon Digital Mining is set to merge with Trump-linked American Bitcoin in September, with its shares already up 231% since the May announcement. Gryphon’s shares jumped 42.1% on Thursday to $1.75 from $1.35, according to Google Finance. The rally came as American Bitcoin’s largest investor, Hut 8 CEO Asher Genoot, told Reuters the merger between American Bitcoin and Gryphon is expected to be finalized soon, with trading set to begin in early September. According to the Reuters report, the merger will be all-stock. The new entity will retain the name American Bitcoin, and its two founders — Eric Trump and Donald Trump, Jr. — and Hut 8 will own 98% of the entity. Read more

Analysts wrote that BTC should be trading at $126,000 and could still reach that level by year's end.

ETH ETFs have drawn steadier inflows even in volatile weeks, contrasting with BTC funds that have struggled with sizable outflows since July.

ChatGPT's DOGE Analysis has detailed consolidation near $0.22030 with a -1.61% move and layered EMA resistance. The hashrate has reached all-time highs, volume has increased, RSI has stayed neutral, and MACD has shown mixed momentum during altseason positioning. The post ChatGPT’s DOGE Analysis Reveals EMA Resistance Test at $0.22 as Network Hashrate Hits All-Time High appeared first on Cryptonews.

The Solana Policy Institute (SPI) has pledged $500,000 to the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev, according to an Aug. 28 statement. Storm and Pertsev helped create Tornado Cash, an Ethereum-based privacy protocol that allows crypto transactions to be mixed and anonymized. After deployment, the developers relinquished control of the […] The post Solana Policy Institute grants $500K to defend Tornado Cash developers appeared first on CryptoSlate.

Web3 startup aPriori has raised a total of $30 million to expand its onchain trading platform as institutional DeFi demand grows. Web3 startup aPriori has raised $20 million to expand its trading infrastructure platform, which aims to bring high-frequency trading (HFT) onchain and address technical and market challenges in decentralized finance (DeFi). The raise comes as institutional investors show growing interest in DeFi as an alternative source of yield. The round included participation from Pantera Capital, HashKey Capital, Primitive Ventures, IMC Trading, Gate Labs and others, bringing the company’s total funding to $30 million. Founded in 2023, the San Francisco–based company was started by former quant traders and engineers with experience at Coinbase, Jump Trading and Citadel Securities. Read more