Flare’s FXRP token has been approved as collateral in an institutionally curated Morpho vault on Ethereum, letting XRP holders borrow Ripple’s RLUSD stablecoin without selling. It is the first time an XRP-based asset has been accepted in a major on-chain lending market. Summary Flare’s FXRP, a bridged version of XRP on Ethereum, has been approved…
UNI is the other big loser over the past 24 hours, while UB has entered the top 100 alts after an 11% surge. Bitcoin’s price volatility within the $62,000-$64,000 range returned in the past 24 hours as the asset challenged both boundaries, only to be stopped twice. Most larger-cap alts are slightly in the…
The comments came as the Coldcard saga continue to unravel. Citing data from popular analyst Willy Woo, Binance’s founder, Changpeng Zhao, published a rather controversial opinion on X, stating that it is statistically safer to store crypto assets on exchanges than in self-custody. Willy Woo’s data shows that 1.57 million BTC has been lost…
Jump Capital has closed its eighth institutional fund with $350 million in capital commitments, with the new vehicle dedicated to backing founders building AI applications, enterprise infrastructure, and cybersecurity technologies. Summary Jump Capital has closed its eighth institutional fund with $350 million to invest in AI applications, infrastructure, and cybersecurity. The firm said enterprise AI…
Check out the latest and most interesting news related to the number 1 cryptocurrency. The primary cryptocurrency has experienced another pullback over the past few days. Potential reasons for the negative performance include the Coldcard exploit, waning institutional interest, and Strategy’s latest sell-off. Here’s everything you need to know. The Coldcard Drama Last week,…
Kalshi CEO Tarek Mansour defended the prediction market operator on Aug. 3 after New York filed a lawsuit seeking at least $36 billion in damages, penalties and related relief. Summary New York seeks at least $36 billion while alleging Kalshi operates an unlicensed gambling platform. Kalshi removed the case to federal court, temporarily sidelining New…
XRP is testing a six-year support zone that has previously come right before major upside moves, according to the analyst. Crypto analyst ChartNerd said on August 3 that XRP’s prolonged weakness could be setting the stage for a major market repricing. With the token testing long-term support near $1.06 after months of negative sentiment,…
Mastercard has completed its acquisition of stablecoin infrastructure provider BVNK, bringing on-chain payment technology into its global network. Summary Mastercard finalized the up to $1.8 billion acquisition first announced in March. BVNK connects fiat and blockchain networks for payments, settlement, payouts, and treasury flows. The deal expands Mastercard’s ability to support stablecoins and tokenized assets…
FalconX has reportedly cut about 10% of its global workforce as the digital asset prime broker prepares for an extended cryptocurrency market downturn. Summary FalconX reduced its global workforce by roughly 10%, affecting an estimated 35 positions. The company plans to withdraw its Singapore license application and prioritize crypto derivatives. FalconX will maintain its Asian…
American Bitcoin Corp (ABTC) mined roughly 932 BTC in the second quarter, its highest quarterly production on record, and grew its strategic reserve to about 8,002 units on June 30. Net loss came to $57.2 million, narrowed from $81.8 million in the first quarter. A $71.2 million non-cash loss on digital assets ran through…
