Decentralized exchange Hyperliquid is under scrutiny after a sharp rally in its HYPE token coincided with whale-driven manipulation claims on its platform. On Aug. 27, analytics firm SpotOnChain reported that a cluster of large wallets pushed XPL’s price up by 200% to $1.80 before it quickly retraced. The sudden move transferred millions between traders. According […]
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Standard Chartered maintains a $7,500 year-end price target for ETH and sees ETH treasury firms’ valuations supported by staking yields.
Trump Media also signed a separate deal with Crypto.com to integrate CRO into its Truth Social and Truth+ platforms.
SharpLink, a company with a growing focus on Ethereum, has continued with its aggressive ETH accumulation, according to an Aug. 26 statement. The firm said it acquired 56,533 ETH at an average cost of $4,462, using $360.9 million raised through its at-the-market issuance program during the week ending Aug. 24. These purchases lifted SharpLink’s total […]
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Trump Media Group has reached a deal with Yorkville Acquisition Corp., a Nasdaq-listed blank check company, to form a new entity focused on acquiring and holding Cronos’s CRO token, according to an Aug. 26 statement. The proposed company, Trump Media Group CRO Strategy, will be capitalized with around $6.42 billion, which is a mix of […]
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Asset manager Bitwise has applied to launch a spot Chainlink exchange-traded fund (ETF) in the United States, according to an Aug. 26 filing with the Securities and Exchange Commission (SEC). The proposed fund, called the Bitwise Chainlink ETF, would issue shares representing fractional interests in Chainlink held by the trust. These shares are expected to […]
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Kraken has opened a new round of dialogue with the US Securities and Exchange Commission’s (SEC) Crypto Task Force, focusing on how tokenization could be integrated into regulated financial markets. An internal agency memo confirmed that the exchange met with the task force on Aug. 25 to present ideas on how tokenized trading systems might […]
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Eclipse announced on X that Sydney, known as '0xSydney' on X, will take over as CEO following the voluntary departure of Litquidity.
"The protocols launching today will define how value moves through the global economy tomorrow," said Anchorage Digital's Nathan McCauley.
Canary Capital has submitted plans to the US Securities and Exchange Commission (SEC) for a new product called the Canary American-Made Crypto ETF. According to an Aug. 25 filing, the proposed spot fund would limit its holdings to digital assets with strong US ties. That includes cryptocurrencies developed in the country, tokens predominantly minted or […]
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The World Federation of Exchanges (WFE) has called on financial regulators to tighten oversight of tokenized stocks, warning that the products could expose investors to hidden risks and undermine trust in traditional markets. Reuters reported on Aug. 25 that WFE warned that tokenized equities replicate the appearance of stocks without conferring the same rights or […]
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Japan’s SBI Group has entered into a strategic partnership with Chainlink to accelerate blockchain adoption, digital asset growth, and tokenization across Japan and the broader Asia-Pacific region. The collaboration, announced on Aug. 24, combines SBI’s financial market expertise with Chainlink’s widely used infrastructure for data, interoperability, and institutional-grade DeFi applications. Driving tokenization The initiative is […]
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Ethereum-focused SharpLink’s stock climbed more than 15% to trade above $20 after the company’s board approved a $1.5 billion stock repurchase program. In its Aug. 22 press statement, SharpLink explained that the authorization allows for buybacks through multiple channels, including open-market purchases and privately negotiated deals. The company emphasized that the scale of repurchases will […]
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A single phishing attack drained nearly $1 million worth of tokens from a crypto investor who unknowingly signed a batch of malicious transactions disguised as Uniswap swaps, according to blockchain security firm Scam Sniffer. In an Aug. 22 post on X, Yu Xiang, founder of blockchain security firm SlowMist, noted that the incident involved five […]
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Ethena Labs has expanded the list of eligible assets to support its synthetic dollar, USDe, by approving BNB, XRP, and Hyperliquid’s HYPE. The move is part of a new Eligible Asset Framework that sets clear benchmarks for which tokens can be used in the stablecoin’s collateral system. Liquidity concerns According to the Ethena Risk Committee, […]
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State Street launched its first digital debt securities using JPMorgan’s Digital Debt Service, executing a $100 million commercial paper transaction. According to an Aug. 21 statement, State Street Investment Management purchased the commercial paper for its Short Term Investment Fund. The debt securities are issued, settled, and serviced using blockchain technology, delivering streamlined institutional market […]
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ETH has outpaced BTC, with JPMorgan pointing to a combination of ETF inflows, corporate adoption, and regulatory clarity among key factors.
MetaMask, the widely used self-custodial wallet, has revealed plans to launch its own stablecoin, MetaMask USD (mUSD), later this year. According to an Aug. 21 statement, mUSD will initially debut on Ethereum and Linea L2, where it will become a key component of Linea’s growing DeFi ecosystem. The project will be developed in collaboration with […]
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Tidal Trust II has filed an application with the US Securities and Exchange Commission to introduce two new exchange-traded funds (ETFs) that offer leveraged long exposure to XRP and Solana. The filing, made public on Aug. 19 via Form N-1A, outlines plans to offer daily exposure to the digital assets with leverage between 150% and […]
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Asia’s financial services giant DBS has launched its tokenized structured notes on the Ethereum network for accredited and institutional investors, marking a public-chain expansion of the bank’s digital asset program. The notes are issued on Ethereum and sold in smaller ($1,000) units than conventional private-bank products, targeting distribution to eligible clients via licensed platforms. The […]
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Kanye West continued his controversy-filled era with his YZY token launch on Solana this week, where trading activity drove its market capitalization near $3 billion before collapsing within hours. The token, listed under multiple pool tickers on Raydium, initially saw rapid inflows that pushed its fully diluted valuation into multibillion territory before prices retreated more […]
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Crypto traders are turning bearish after Bitcoin and Ethereum struggled to maintain recent gains, according to several on-chain metrics. According to CryptoSlate data, Bitcoin has fallen nearly 7% over the past week, trading at $113,479 as of press time. Ethereum has experienced an even sharper drop, losing 10% in the same time frame and hovering […]
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The rationale behind token buybacks mirrors traditional corporate share repurchase programs, but the effectiveness shows mixed results.
Crypto investors holding the top five digital assets by market capitalization for more than 1 month have realized nearly $2.8 billion in profits over the past month, according to data from Glassnode. According to the blockchain analytics firm, the crypto market is beginning to show signs of contractions due to the significant profit-taking across Bitcoin, […]
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Chainlink’s LINK has rallied to its highest level in seven months, fueled by large-scale whale accumulation and a steady stream of new institutional partnerships. According to CryptoSlate’s data, LINK’s price peaked above $26 on Aug. 18 following a month-long rally of around 30% before easing back to $24.71 at press time. Notably, the crypto token […]
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Polkadot is moving to reposition itself in the current bull market by introducing a dedicated unit to bridge its ecosystem with institutional capital. On Aug. 19, the network announced the launch of Polkadot Capital Group, a capital markets-focused division designed to attract Wall Street investors and build stronger ties with traditional finance. According to the […]
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Wyoming has introduced the Frontier Stable Token (FRNT), the first stablecoin created and issued by a US government entity, according to an Aug. 19 announcement. Formerly called the Wyoming Stable Token (WYST), FRNT aims to deliver fast, secure, and transparent digital transactions for individuals, businesses, and institutions worldwide. According to the statement, each FRNT token […]
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Tether has hired Bo Hines, a former adviser to President Donald Trump, as its Strategic Advisor for Digital Assets and US Strategy. The company confirmed on Aug. 19 that Hines will immediately begin working with Tether’s leadership to guide its expansion and regulatory engagement in the United States. In his new role, Hines will oversee […]
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A recent Bank of America survey shows that most global fund managers are still hesitant to invest in crypto despite the recent bullish momentum observed in the sector. The study, which included 211 fund managers overseeing $504 billion in assets, found that about three-quarters of respondents have no crypto holdings at all. Meanwhile, crypto allocations […]
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The controversial AI-focused crypto project Qubic has suggested it may mine Dogecoin (DOGE), the largest memecoin, after completing its current operations on Monero (XMR), the privacy-focused blockchain network. On Aug. 17, Qubic Network founder Sergey Ivancheglo shared a Discord screenshot showing that the community voted to target Dogecoin for the upcoming mining season. This decision […]
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