Everything web3, crypto, defi, degen
In brief Qubic said that it had momentarily achieved control of 51% of the hash rate of privacy blockchain Monero. The firm said the event was an “experiment” and a way to “help” the network. However, a few experts said there had been no independent verification of the attack. AI protocol Qubic said it had…
In brief The price of Monero (XMR) has dropped 15.96% on the week so far. XMR investors are rushing for the exists as news spreads of a 51% network attack by the Qubic mining pool. The charts show bearish momentum is accelerating. The majority of the crypto market may be rejoicing today, but the king…
In brief Investors put over $1 billion into Ethereum ETFs on Monday, breaking the single-day record. The surging investment shows that people finally understand the cryptocurrency, Bloomberg analyst Eric Balchunas told Decrypt. Ethereum’s price is now close to breaking a new all-time high, topping $4,500 on Tuesday for the first time since 2021. Investors threw…
In brief Coinbase’s “Everything Is Fine” ad was rejected by UK TV clearance body Clearcast for lacking evidence that crypto solves economic problems, but wasn’t actually “banned” as CEO Brian Armstrong claimed. The ad is now running on Channel 4’s YouTube channels, exploiting looser online advertising regulations compared to traditional TV broadcast standards. Politicians are…
In brief Solana meme coins as an asset class have dropped more than 8% on the day. Expert say that investors are looking to purchase “quality-focused” assets, such as Ethereum and other altcoins. ETH has posted impressive gains this month, up 47.5%, as institutional interest in the asset spikes. Solana meme coins are one of…
In brief Open interest in ETH futures positions surged to over $57 billion on Tuesday. ETH also topped all other coins in liquidations, as the token takes center stage for investors. The attention is largely thanks to ETH’s surging price, which is now closer to eclipsing its all-time high than at any point since 2021.…
In brief Almost 8% of Ethereum’s total supply is now taken up by ETH ETFs and strategic reserves, up from 3% at the start of April. Ethereum ETFs account for over 5% of the circulating supply of ETH. Firms that missed the Bitcoin treasury moment are “jumping on Ethereum and other altcoins,” analysts told Decrypt.…
In brief The family of former OpenAI researcher Suchir Balaji is disputing San Francisco’s conclusion that his 2024 death was a suicide. Supporters have raised over $140,000 in crypto and launched a Solana-based meme coin to fund the family’s legal case. Balaji had been an outspoken critic of OpenAI’s data practices and a prominent voice…
In brief Video platform Rumble is looking to expand by buying German AI cloud firm, Northern Data. The potential buy has backing from stablecoin giant Tether, which owns a controlling stake in the AI firm. Northern Data also said it would sell its Bitcoin mining business in a separate deal. YouTube rival and Bitcoin treasury…
Alleged crypto crook Do Kwon—who was behind the failed crypto project Terra—is now expected to plead guilty, court documents show.A scheduling order for a potential change of plea in the United States’ case against Kwon was filed Monday ahead of the conference on Tuesday, August 12.Kwon previously pleaded not guilty in a New York court to…
