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LANYWAY🐹

@lanyway

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@lanyway
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees.
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Vitalik Buterin, Ethereum's co-founder, recently transferred $8 million worth of Ether to a new multisignature wallet, sparking speculation of a potential donation.
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Economic uncertainty saw billions wiped off the total crypto market cap this week, with Nansen analyst Aurelie Barthere estimating a 40% probability of recession this year.
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Grayscale and Bitwise are asking regulators to approve options for their spot Ethereum exchange-traded funds, according to a filing on the U.S. Securities and Exchange Commission's site.
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The percentage of the ETH supply staked recently reached an all-time high of 27.95%. The following is an excerpt from The Block’s Data and Insights newsletter.
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On Aug. 5, the market capitalization of all crypto assets combined plunged by up to 15.80% to its six-month low of $1.694 trillion. Leading the losses were BTC and ETH, which together control over 70% of the overall crypto market share.
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BTC is down over 4% in the past 24 hours, falling below $60K. However, a retest of $74,000 in the coming weeks is possible, at least based on a maturing Wyckoff reaccumulation pattern and increasing odds of three rate cuts by 2024’s end.
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Crypto community slams WazirX’s 'socialized losses' plan after hack As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.
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Crypto lender Genesis Global has completed its restructuring process on Friday, after filing for bankruptcy protection in January 2023. The firm is also beginning to distribute $4 billion worth of assets to its remaining creditors.
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Crypto.com surpasses Coinbase in trading volume as institutional demand grows The trading volume was largely boosted by new TradFi institutions, along with the launch of the first spot Ether ETFs.
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Alex Svanevik, CEO of the onchain analytics platform Nansen, launched a new Solana-based memecoin called IQ. IQ grew to a $5 million market capitalization within a day of launch, according to the crypto data platform DEXScreener. The token is priced at $0.0061 USD and 0.00003370 SOL as of 11:22 a.m. ET (15:22 UTC) on July 31, an increase of 7,000% in the past 24 hours.
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Private stock of the stablecoin issuer Circle is trading on the secondary market, reports CoinDesk citing several people familiar with the matter. The trading is valued between $5 billion and $5.25 billion.
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21Shares has integrated the industry-standard Chainlink Proof of Reserve on the Ethereum mainnet to enhance the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH).
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Harris's campaign aims to repair democratic ties with crypto sector As the 2024 election approaches, the interplay between political strategies and industry dynamics will continue to evolve.
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Bitcoin advocate Mow lists six proposals for Trump's Nashville speech The Bitcoin advocate aims to influence the political leader to consider Bitcoin a viable and strategic component of the national economy.
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CryptoQuant founder Ki Young Ju dismiss fears of a Mt. Gox-induced sell-off. The dip, representing a 2.5% decrease in 24 hours, wiped out $24.68 million in long positions. Overall market sentiment remains relatively bullish, with the Crypto Fear and Greed Index showing a "Greed" score of 68.
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The Bitcoin mainnet has successfully verified its first ZK-proof thanks to BitcoinOS, enhancing $BTC's capabilities without altering its base layer.
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Kraken finishes Mt. Gox Bitcoin distribution, but creditors aren’t selling $BTC. Despite over $9.4B owed, no significant sell-off has been observed. Analyst RunnerXBT notes only "paper hands" may sell, leading to short-term volatility.
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Ethereum ETFs hit $300 million in trading volume in first hour of being live on the market
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Digital asset investment products attracted another $1.35 billion in net inflows last week, bringing their latest positive streak to $3.2 billion, according to CoinShares. “Ethereum seems to have turned a corner,” overtaking Solana as the altcoin with the most inflows year-to-date, CoinShares Head of Research James Butterfill said.
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