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Solana’s Stablecoin Transfer Volume Drops Drastically Amid Scrutiny

According to stablecoin transfer volume metrics divided by blockchain, Solana’s daily transfer volume has decreased from a range of $75 billion to $100 billion daily to around $7 billion daily.…

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39% Chance of Dropping Out — Joe Biden’s Debate Stumbles Fuel Prediction Market Betting

Following the initial 2024 U.S. Presidential Debate, prediction market wagers on whether incumbent Joe Biden will withdraw have seen a significant increase in activity. The likelihood of Biden stepping down…

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Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant…

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US Government Transfers $243 Million in Seized Bitcoin to Coinbase

On June 26, 2024, the U.S. government transferred 3,940 bitcoins, valued at $243 million, originating from a darknet market dealer. This batch of BTC was directed to an exchange address…

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Vivek Ramaswamy’s VP Prospects Spike 1,100% on Prediction Market Polymarket

Following speculation that former President Donald Trump might select Republican Vivek Ramaswamy as his vice presidential candidate, Ramaswamy’s chances have significantly increased on prediction platforms like Polymarket. Over the last…

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Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday

At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC)…

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From $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin

According to data from Arkham Intelligence, since Jun. 23, 2024, the German government has moved 820 BTC, valued at slightly above $50 million. A substantial portion of these funds was…

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Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market

After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from…

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Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures

Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a…

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