Recently, Nexera, a decentralized finance (DeFi) protocol, found itself in the midst of a security breach that led to the theft of $1.5 million worth of NXRA tokens. This incident caused a dramatic drop in the value of the protocol’s native token by over 40%. The breach was initially identified on August 7 by Cyvers,
Crypto
In the midst of a market downturn, Bitcoin whales have been noticeably increasing their holdings of the cryptocurrency. Recent on-chain data has shown that a staggering 404,448 BTC, equivalent to around $22.8 billion, has been transferred to permanent holder addresses in the past 30 days. This significant accumulation of Bitcoin by whales has sparked speculation
Shiba Inu (SHIB) experienced a significant surge of 20% on August 6, following a period of market instability. Despite this positive movement, the coin’s price is still down by 18% on a weekly basis, currently hovering around $0.00001359. This rebound in value coincides with an uptick in key indicators within the Shiba Inu ecosystem. Transaction
Bitcoin (BTC) exchange-traded funds (ETFs) in the United States saw a surge in trading volume, exceeding $5 billion on August 5. This milestone marked the highest volume in several months, with BlackRock’s IBIT ETF leading the pack at nearly $3 billion in daily trades. The increase in assets under management by $172 million for IBIT
The cryptocurrency market has once again surpassed the $2 trillion mark after experiencing a massive downturn that wiped out $500 billion within a week. This drastic drop in market capitalization sent shockwaves throughout the crypto community as Bitcoin plummeted below $50,000 and Ethereum saw a 23% decline in value, dropping below $2,200. However, despite this
Following a significant market crash that caused Ethereum to tumble 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a positive day of inflows. On August 5, nine newly launched spot ETH ETFs saw an aggregate inflow of $49 million. This marked the second-highest inflow day since the funds began trading. The fact
In the second quarter of this year, Riot Platforms experienced a significant setback with a net loss of $84.4 million, compared to $27.4 million in the same quarter of the previous year. The company reported a total revenue of $70 million, marking a decrease from $76.7 million in the same period last year. This decline
Senator Cynthia Lummis of Wyoming recently introduced a groundbreaking Bitcoin bill, which she referred to as the “our Louisiana Purchase moment”. The bill, known as the ‘Bitcoin Act’, proposes adding 1 million BTC, valued at approximately $64 billion, to the U.S. government’s holdings over a period of five years. This initiative aims to establish a
Marathon Digital (MARA) recently reported a second-quarter revenue of $145.1 million, falling short of Wall Street’s forecast by approximately 9%. This revenue miss was attributed to various operational challenges, including unexpected equipment failures, transmission line maintenance at its Ellendale site, an increased global hash rate, and the impact of the recent halving event on the
In July, the total stablecoin market capitalization experienced a 2.11% increase, reaching $164 billion. This growth has been consistent for the past ten months, with major stablecoins gaining more market dominance, which now stands at 6.93%. Tether, the largest stablecoin by market cap, reached a new all-time high of $116 billion, representing a 1.61% increase.