Crypto

Solana (SOL) trading activity contracted sharply in the second quarter while the network’s core infrastructure metrics strengthened across multiple dimensions. According to an Aug. 15 report by Messari, the total application revenue generated on the network fell 44.2% quarter-over-quarter to $576.4 million from $1.0 billion.  Furthermore, average daily spot decentralized exchange (DEX) volume dropped 45.4% […] The post Solana trading activity falls 44% in Q2 despite network fundamentals strengthening with rising DeFi adoption appeared first on CryptoSlate.

Ethereum price prediction has gained momentum as J.P. Morgan analysts point to the network’s dominant share of stablecoins as a key growth driver. With rising institutional adoption and recent upgrades, analysts see potential for Ether to outperform and close the gap with Bitcoin in the coming years. The post Ethereum Price Prediction: Wall Street Giant JPMorgan Endorses ETH for Explosive Growth – Can Ethereum Overtake Bitcoin? appeared first on Cryptonews.

Digital Currency Group has sued its subsidiary, crypto lender Genesis, in the latest twist of a saga that's been unfolding since 2022.

The latest legal battle between Digital Currency Group and Genesis centered on a promissory note issued amid the collapse of Three Arrows Capital in 2022. Update (Aug. 15 at 11:40 pm UTC): This article has been updated to include a statement from Genesis’ counsel. Venture capital firm Digital Currency Group (DCG), the parent company of many entities tied to cryptocurrency and blockchain, has filed a complaint against two of its subsidiaries over a promissory note to guard against the 2022 default of Three Arrows Capital (3AC). In a Thursday filing in the US Bankruptcy Court for the Southern District of New York, DCG alleged that Genesis Global Capital and Genesis Asia Pacific, both under the venture capital firm, owed their parent company overpayments based on recoveries from 3AC. Read more

Cynthia Lummis has supported Scott Bessent’s statement that the U.S. has said it will not buy Bitcoin for the Strategic Bitcoin Reserve, favoring a budget-neutral path using forfeited assets and a possible gold revaluation, as Bitcoin has hit fresh highs. The post Cynthia Lummis Backs Budget-Neutral Bitcoin Reserve – Using Seized Crypto, Not Purchases appeared first on Cryptonews.

American Bitcoin is reportedly exploring acquisitions in Japan and Hong Kong to expand its Bitcoin stockpile. American Bitcoin, a cryptocurrency mining company linked to the Trump family, is reportedly looking to acquire at least one publicly listed company in Asia to further its Bitcoin (BTC) purchases. According to a Financial Times report, American Bitcoin wants to buy a company in Japan and potentially another in Hong Kong. It aims to follow the blueprint of Strategy, which to date has accumulated 628,946 BTC worth $73.8 billion at this writing. American Bitcoin’s “ambition is to build the strongest and most efficient Bitcoin accumulation platform in the world,” the company told the Financial Times on Friday. “While we are evaluating possibilities in certain regions, we have not made any binding commitments.” Cointelegraph contacted American Bitcoin but had not received a response at time of publication. Read more

With political pressure rising, the Fed has ended SR 23-7 and returned to routine review of bank crypto, stablecoin and DLT activities. Crypto oversight has continued under risk-based rules as FDIC and OCC have clarified custody, while ‘reputational risk’ has been dropped. The post Fed Scraps Crypto Oversight Program After Trump’s “Debanking” Outcry appeared first on Cryptonews.

DeFi Development Corp has bought 110,000 SOL for $22M, taking holdings to 1.42M SOL and lifting SOL per share 48% over 30 days. The company has staked all new tokens across validators, reports Q2 revenue of $1.98M and net income of $15.4M, and has estimated a ~10% annualized validator yield. The post DeFi Development Corp Bets $273M on 110K Solana as SOL Per Share Skyrockets 48% appeared first on Cryptonews.

BitMine has become the first corporate treasury to surpass 1 million Ethereum (ETH) in holdings after its stash climbed to 1.17 million ETH on Aug. 15, valued at over $5 billion. The firm added 317,126 tokens worth approximately $2 billion in a single week. BitMine chairman Tom Lee said on August 4 that the firm intends […] The post BitMine becomes the first company to surpass 1M ETH holdings worth over $5B appeared first on CryptoSlate.

Wellgistics is bringing Ripple’s XRP Ledger to 6,500 US pharmacies, one of the first large-scale blockchain payment systems in healthcare. Thousands of US pharmacies can now settle prescription drug payments in cryptocurrency through a new blockchain-based system running on Ripple’s XRP Ledger. The system was developed by Wellgistics Health, a prescription drug distributor and digital prescription routing provider for more than 6,500 pharmacies, in partnership with pharmaceutical software firm RxERP. According to the companies, the system enables pharmacies to pay for products and move funds, while recording all payments on the XRP Ledger and offering an alternative to traditional bank transfers for wholesale drug purchases. Read more

$FLOKI has slipped 5% to support near $0.00001050 while trading below key SMAs. Partnerships and listings have added catalysts: a Robinhood debut, Valhalla’s play-to-earn rollout, a Method esports tie-up, and a SIX ETP, as supply burns and institutional access have expanded. The post $FLOKI Pulls Back 4.9%: Is a Bullish Reversal Ahead After ETP Launch and Valhalla Rollout? appeared first on Cryptonews.

Digital Currency Group (DCG) has sued its lending subsidiary Genesis, asking a bankruptcy court to confirm it is owed more than $105 million plus interest on a financial backstop extended during the 2022 crypto downturn. The case, filed on Aug. 14 in the U.S. Bankruptcy Court for the Southern District of New York, centers on […] The post DCG sues Genesis over promissory note debt amid bankruptcy challenges appeared first on CryptoSlate.

Solana adoption explodes past 3 million wallets while macro tailwinds and neutral funding rates set the stage for a powerful breakout.

Bullish’s blockbuster IPO headlines a week of big crypto moves — from Pantera’s $300 million treasury bet to BitMine’s $24.5 billion Ether grab. The 2024–2025 crypto bull market will be remembered for many things: the runaway success of Bitcoin exchange-traded funds, the surge in institutional adoption, and a wave of industry IPOs. Digital asset exchange operator Bullish is the latest crypto-native company to join the IPO rush, aiming to replicate the public market success of stablecoin issuer Circle and Bitcoin-friendly design platform Figma, which recently went public. Bullish’s case stands out: The company has raised its IPO price multiple times, signaling strong investor demand. Its Securities and Exchange Commission (SEC) filing revealed early interest from subsidiaries of BlackRock and ARK Investment Management. Read more

The cryptocurrency, allegedly linked to ransomware proceeds, is expected to be added to the US crypto reserve. The US Justice Department has authorized the seizure of more than $2.8 million in cryptocurrency along with cash and other assets as part of a criminal case against an alleged ransomware operator. In a Thursday notice, the Justice Department said it had unsealed six warrants authorizing the seizure of $2.8 million in crypto from a wallet controlled by Ianis Aleksandrovich Antropenko, as well as $70,000 in cash and a luxury vehicle. He has been charged with conspiring to commit computer fraud and abuse, computer fraud and abuse, and conspiracy to commit money laundering. Read more

The head of RippleX, the team behind the development of the XRP Ledger, recently highlighted why the network is uniquely suited for launching real-world assets – a case that supports a bullish XRP price prediction.In a blog post published earlier this week, Markus Infanger explained that XRP Ledger features a built-in decentralized exchange (DEX), removing […] The post XRP Price Prediction: Ripple Exec Says XRPL Is Perfect for “Real-World Assets” – Trillions of Dollars Coming to XRP? appeared first on Cryptonews.

Myriad traders are bullish on XRP, placing the odds at nearly 64% that the Ripple-linked token shoots for the moon. Do the charts agree?

Aave reached multiple all-time highs this week, fueled by the heated crypto market. The money market protocol reached $3 trillion in cumulative deposits on Aug. 15, while surpassing $29 billion in active loans on August 13, according to Token Terminal data. Additionally, Aave’s total value locked (TVL) climbed to a record high above $40 billion on […] The post Aave reaches multiple all-time highs as protocol hits $3 trillion deposits appeared first on CryptoSlate.

Bitcoin falls below $117,000 again, raising worries about the upcoming “ghost month.” Are traders bracing for more losses or buying the dips? Key takeaways: Bitcoin marks its steepest pullback in a month, with the ghost month trend hinting at further downside to $105,000. Onchain data shows a rise in US and Korean spot demand, pointing to a short-term recovery. Read more

Firms like Strategy, Tesla, and Coinbase have purchased billions of dollars worth of Bitcoin between them. These are the biggest whales.