cryptocurrency
* XRP has surged to a price of $2.74, the highest since January 2018, and has gained over 400% in the last 30 days. * The surge in XRP is attributed to the anticipation of regulatory clarity and the potential for spot XRP ETFs. * XRP has surpassed Tether in market capitalization,
ceo
* Amar Kuchinad appointed as Copper's new global CEO, replacing Dmitry Tokarev. * Kuchinad will focus on strengthening Copper's U.S. presence and leading global growth strategy. * Kuchinad previously worked at Credit Suisse, Goldman Sachs, and SEC. * Copper secured a TCSP license in Hong Kong for global expansion.
bank
* The Financial Crimes Enforcement Network (FinCEN) alleges that TD Bank failed to report suspicious activity from an unnamed customer group involved in international cryptocurrency transactions. * TD Bank processed over 2,000 transactions from "Customer Group C," misrepresenting their activity and processing over $1 billion in transactions. * Customer Group
bitcoin
* Bitcoin (BTC) reached $64,000 in early Asian hours, leading to a market-wide jump. * Asian stocks rose, with Hang Seng index up 3% and Korea's KOSPI up 1%. * Bittensor's TAO saw a 14% increase in mid-cap tokens, driven by social sentiment and AI growth. * Memecoins, such
controversy
* EigenLayer leaders admit to misleading investors about locked EIGEN token supply and allowing insiders to cash out rewards. * The protocol's fully diluted value has dropped 60% since April. * EigenLayer received $100 million in funding from Andreessen Horowitz and other investors. * Restaking protocol promised to lock majority of EIGEN
bitcoin
1. Market analyst Michaël van de Poppe believes both cryptocurrency and commodities markets are undervalued. 2. Commodities are currently valued at levels similar to 2000 and 1971. 3. Van de Poppe expects a 10-year bull market for commodities and crypto assets. 4. Analysts predict a Bitcoin breakout in October, potentially
abandonment
* Friend.tech, a decentralized social network, announced the cessation of its development. * Crypto enthusiasts failed to get a crypto-related question featured in a live presidential debate. * Trump's family's DeFi project, World Liberty Financial, will launch via a Twitter Spaces event. * The project aims to embrace crypto
bitcoin
* US Federal Reserve research shows that the rate of cryptocurrency ownership has not increased despite the recent growth in the crypto market. * The Consumer Finance Institute found that crypto ownership decreased during the 2022 bear market and did not increase significantly during the market recovery. * Interest in future crypto purchases
agriculture
* Tether invests $100 million to acquire 9.8% stake in Adecoagro, its first investment in agriculture sector. * Tether used its own working capital funds for the investment. * Adecoagro is a major milk producer in Argentina and entered sugar, ethanol, and energy businesses in Brazil. * Tether's USDT is the
cryptocurrency
* The U.S. risks falling behind in stablecoin regulation compared to other jurisdictions worldwide. * Circle's Vice President, Yam Ki Chan, highlighted the lack of clear regulations at the national level in the U.S. * EU and Hong Kong have established unified approaches for stablecoin regulation. * Circle becomes the
attack
* The DeFi project Pendle successfully protected around $105 million in funds following a hack on its ecosystem. * Coordinated efforts from multiple parties mitigated further breaches and normal operations have resumed. * The attacker exploited Penpie's protocol for $27.3 million, exchanging stolen assets for 11,109 ETH. * The root
cryptocurrency
* Former Mt. Gox CEO Mark Karpeles to launch new crypto exchange called EllipX in Europe. * EllipX aims to promote transparency and comply with EU regulations. * Karpeles plans to offer fee discounts to former Mt. Gox users as reparations. * EllipX will focus on user-friendliness and transparency, compartmentalizing different working bodies of