Here’s what might be more compelling for Ripple and XRP aside from the price moves. Ripple’s native token has not been spared by the broader market’s weakness, and it posted a 21-month low at just under $1.00 a couple of days ago. Moreover, it closed at its lowest level since November 2024, as its…
Metaplanet launched a continuous bond issuance program called BitBonds on Aug. 13 and completed its first four private placements, raising about 200 million yen, or roughly $1.3 million. Summary Metaplanet launched BitBonds after completing four private bond sales totaling approximately 200 million yen Thursday. The unsecured senior bonds mature in roughly three years and pay…
Hyperliquid opened access to its Foundation operated low latency data infrastructure to qualified third party infrastructure providers on Aug. 12, creating a cheaper route for trading firms and developers that previously faced demanding direct access requirements. Summary Hyperliquid opened Foundation low-latency node access to qualified infrastructure providers under a standardized pricing model. Provider pricing is…
Palmer Luckey and Joe Lonsdale’s nationally chartered bank has $4.6 billion in deposits, $100 million in annualized revenue, and a valuation higher than most publicly traded banks. It opened in February. Here is what that pace means for crypto banking. Summary Erebor Bank is in advanced talks to raise approximately $1.5 billion at an $8…
The Intercept and Freedom of the Press Foundation have sued President Donald Trump over Truth API, a subscription service that charges up to $100,000 per month for low-latency access to Truth Social posts. US President Donald Trump was sued on August 12 in federal court in Manhattan over Truth API, the Truth Social feed…
GSR shifted its Core3 model toward Solana on Aug. 12, raising SOL to 43.6% of the portfolio and making it the model’s largest allocation. Summary GSR raised Solana to 43.6%, making SOL the largest allocation in its Core3 model portfolio. Bitcoin fell to 16.9% of Core3, while Ether’s allocation declined to 39.5% this week overall….
Important TRX operations will once again be paused. The world’s leading crypto exchange will briefly halt certain trading services later this week to successfully perform a scheduled upgrade. It will also delist trading pairs and digital assets that no longer meet the necessary standards. TRX Investors, Take Note Binance will conduct wallet maintenance for…
The Intercept and Freedom of the Press Foundation have sued President Donald Trump over a Truth Social service charging up to $100,000 monthly for faster access to posts that may move U.S. financial markets. Summary Truth API subscriptions reportedly cost $60,000 to $100,000 per month. More than 10 customers, mainly high-frequency trading firms, have signed…
Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. Summary HashKey has joined HKDAP Beta Access as an authorized distribution partner. Eligible institutions and professional investors can access HKDAP…
U.S. spot Bitcoin ETFs absorbed about 13,300 BTC last week, more than four times the roughly 3,150 BTC newly created by the network. Bitcoin moved toward the top of its range last week as institutional demand through U.S. spot ETFs strengthened. Cooler employment data reduced expectations for an immediate Federal Reserve rate hike, but…
