First Outflows in 15 Weeks For Digital Assets; Bitcoin Bleeds $404M
For the first time in 15 weeks, digital asset investment products saw net weekly outflows $223 million. The week started on a high note as $883 million poured in. Momentum,…
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Lido Slashes 15% of Staff, Cites Operational Cost Concerns
One of the leaders in the liquid staking scene has undergone a cutback in its workforce necessary to fuel further development. It is unusual for such events to occur when…
Ethena’s USDe Market Cap Jumps 75% in a Month Amid Treasury Launch
Ethena’s synthetic dollar stablecoin, USDe, has seen impressive market growth in recent weeks. Its market cap now stands at $9.3 billion. Over the past month alone, it increased by 75%,…
UK Bans Coinbase’s ‘Everything Is Fine’ Ad: CEO Says It Exposes Flaws in Finance
Coinbase CEO Brian Armstrong has responded to the backlash surrounding the company’s latest advertisement for the UK market. He clarified that the video was not intended as a political statement,…
Lending Platform CrediX Loses $4.5 Million in Exploit
A newcomer to the DeFi lending space was targeted, and a weakness was exploited, resulting in the loss of millions. This is yet another addition to the already substantial amount…
Binance $1.5B Liquidations and Negative Funding Rates Hint at Market Bottom
Bitcoin (BTC) dropped sharply to the $112,000 level over the weekend, triggering more than $1.5 billion in liquidations on Binance, with negative funding rates signaling extreme bearish sentiment. The latest…
Robert Kiyosaki Hopes Bitcoin Drops to $90K in August: Here’s Why
As bitcoin (BTC) hovers around $114,000, some financial market experts are hoping that it will drop below the $100,000 price mark this month. This way, they can accumulate even bigger…
Peter Schiff vs. Bitcoin: 237 Failed Crash Warnings Exposed by Grok Amid 1,000,000% Surge
Artificial intelligence platform Grok has tallied 237 distinct bearish predictions by economist Peter Schiff forecasting Bitcoin’s crash, demise, or worthlessness since 2011. Over that same period, the OG cryptocurrency’s price…
Bitcoin Mining Difficulty Hits All-Time High of 127.6 Trillion
Bitcoin’s mining difficulty has surged to a record 127.6 trillion this week, as computational force securing the network continues to grow. However, a downward adjustment is anticipated on August 9,…
Arkham Uncovers The Largest Bitcoin Heist Linked to Chinese Mining Pool
Blockchain analytics firm Arkham has revealed that a previously unknown hack of Chinese mining pool LuBian in December 2020 resulted in the theft of 127,426 BTC worth around $3.5 billion…
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