Polygon Labs has cut another round of jobs as it completes the integration of crypto exchange Coinme, part of a restructuring that the company says is intended to support profitability by 2027. Summary Polygon Labs has reduced its workforce as it completes the integration of Coinme and moves toward a payments focused business model. CEO…
Binance co-founder Changpeng Zhao has weighed into the growing Bitcoin versus artificial intelligence debate as investors compare two of the market’s largest growth themes. Summary CZ says Bitcoin protects against inflation while artificial intelligence offers growth without the same hedge. Crypto capital has rotated toward AI, but softer inflation data helped Bitcoin recover above $65,000….
In major news today, Binance has reportedly launched an $800,000 XRP reward campaign running until August 14, 2026, distributing XRP to users who hold RLUSD, or Ripple’s USD-pegged stablecoin, in qualifying accounts. The Binance airdrop pushed XRP price to around $1.12, a roughly 2% gain on the day, as analysts flagged the campaign as a…
ONDO has emerged as today’s top performer, while Pi Network’s PI has plunged yet again. Bitcoin’s price rose to a multi-week high of its own yesterday when it briefly exceeded $65,500 on the heels of the lower-than-expected US CPI data. However, it was stopped there and now sits a grand and a half lower….
Tether has reportedly invested $20 million in Argentine digital bank Ualá, adding another Latin American financial platform to its growing list of stablecoin-focused investments. Summary Tether has reportedly invested $20 million in Argentine digital bank Ualá through its $197 million funding round. The investment adds to Tether’s recent backing of Mercado Bitcoin and Belo as…
Base has overhauled its growth strategy after its creator-first approach fell behind competing blockchain ecosystems in prediction markets and perpetual futures, prompting founder Jesse Pollak to step back from leading the Base App. Summary Jesse Pollak admitted Base fell behind in prediction markets and perpetual futures after focusing on social products. Pollak will hand leadership…
Meanwhile, newly emerged whales have gone on a substantial ETH accumulation spree. Ethereum (ETH) has stolen the show in the past few days, posting impressive gains and outperforming the market leader and many of the larger-cap alts. One of the reasons behind this notable rally that drove it to a multi-week peak could be…
BlackRock’s iShares Bitcoin Trust has secured a major regulatory win after the U.S. Securities and Exchange Commission approved a fourfold increase in the ETF’s options position limit from 250,000 to 1 million contracts. Summary SEC has approved raising IBIT options limits from 250,000 to 1 million contracts. NYSE Arca says the higher cap matches strong…
Bitcoin remains under pressure, but the collapsing crypto discussion could leave room for whales to drive the next market move. Discussion surrounding cryptocurrencies across X, Reddit, Telegram, and other social platforms has dropped to its second-lowest daily level since October 2024. This comes even as Bitcoin continues trading around the mid-$60,000 range. According to…
Ostium has halted trading after an exploit tied to a compromised oracle signer key drained nearly $18 million USDC from its liquidity vault, according to blockchain security firm Blockaid. Summary Blockaid linked Ostium’s $18 million exploit to a compromised oracle signer key. The attacker drained up to 28% of the protocol’s $63 million liquidity vault….
