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Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform

The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform…

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SEC Freezes Assets of Crypto Trading Bot Operators in Alleged Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto…

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Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products.…

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Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders

Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented…

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Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager 

Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has…

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Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions

Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans…

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Study: Crypto and Bitcoin Lead as Reddit’s Most Mentioned Words in Investment Forums

A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss…

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SEC Charges Novatech in $650 Million Crypto Fraud Scheme

The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto…

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Michael Saylor Continues to Expand His $1 Billion Personal Bitcoin Holdings

Microstrategy’s executive chairman, Michael Saylor, has revealed that he continues to add to his personal bitcoin holdings, which total at least 17,732 BTC. He disclosed this amount four years ago…

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US Ether ETFs See Negative Flows as Grayscale Offloads $356.26M

U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscale’s Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more…

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