• Aug 08, 2024

Solana ETFs 'Inevitable' in US After Brazil Approval, Says VanEck Exec

After Bitcoin and Ethereum spot ETFs were approved for trading in the United States, multiple fund providers identified Solana as the next big target and filed to offer such crypto ETFs. Following this week's approval of a Solana ETF in Brazil, experts suggest that a U.S. counterpart is sure to come—but when, exactly, remains unclear. While Brazil has emerged as a trailblazer in the realm of crypto ETFs, the United States—a traditional financial powerhouse—is grappling with a more cautious appro...

• Aug 08, 2024

Bitcoin Briefly Tops $62,000 as Global Recession Fears Subside

Bitcoin has gained 6% in the past day and climbed past $62,000 for the first time since last week the day after the U.S. initial jobless claims came in lower than expected and calmed fears of a global recession. At the time of writing, Bitcoin's price has retraced slightly to around $60,270, up 4.2% on the day according to CoinGecko data. Earlier this morning it surged as high as $62,490.53. The world's oldest and largest cryptocurrency by market cap has also seen $91 billion traded in the past...

• Aug 08, 2024

WazirX Restoring Account Balances to What They Were Before the $230 Million Hack

Indian cryptocurrency exchange WazirX announced plans to restore all user account balances to their state as of July 18, 2024, at 1 PM IST, when the exchange lost $230 million to attackers. According to the Aug. 8 announcement, this measure is in response to a severe cyberattack that occurred that day, causing significant disruptions to the platform's operations and user activities. WazirX lost over $230 million to the attackers, who some believe to be North Korean state-sponsored actors. Respon...

• Aug 08, 2024

Ripple Starts Testing Its New Stablecoin on Ethereum and XRP Ledger

Fintech firm Ripple today announced that it had started testing its new stablecoin on its own blockchain and Ethereum.  The San Francisco-based company said Friday that Ripple USD (RLUSD) would help meet worldwide demand for stablecoins and be used for cross-border payments. But its testing is only the first step. “RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading—please be cautious of scammers who claim they have or can distribute Ripple USD,”...

• Aug 08, 2024

Now Pump.fun Will Pay You For Creating a Successful Meme Coin

Meme coin factory Pump.fun has released an update that will pay users who launch successful tokens on the platform. According to a tweet by Pump.fun, the update, currently in beta, will also no longer charge users a fee in order to launch a token. Today we’re introducing 2 HUGE changes to the pump fun mechanism (in beta) 1) Coin creation is FREE 2) Coin creators receive 0.5 SOL (~$80) when their coin completes its bonding curve How does it work? 1) Instead of the creator having to pay ~$2 for...

• Aug 08, 2024

Adidas Launches Exclusive Doodles Apparel Alongside Pharrell Song

Sportswear giant Adidas has teamed up with Ethereum NFT collection Doodles to sell virtual swag packs that could let buyers claim exclusive physical apparel. The limited-edition collectible packs, each of which includes two items, will be available for purchase until August 16, Adidas and Doodles said Friday in a joint statement. A single pack retails for $4,99, while prices for bundles containing between two and 100 packs range from $8.49 and $374.99, respectively, according to the Adidas Origi...

• Aug 08, 2024

Adidas Launches Exclusive Doodles Apparel Alongside Pharrell Song

Sportswear giant Adidas has teamed up with Ethereum NFT collection Doodles to sell virtual swag packs that could let buyers claim exclusive physical apparel. The limited-edition collectible packs, each of which includes two items, will be available for purchase until August 16, Adidas and Doodles said Friday in a joint statement. A single pack retails for $4,99, while prices for bundles containing between two and 100 packs range from $8.49 and $374.99, respectively, according to the Adidas Origi...

• Aug 08, 2024

SEC Punts on Decision for Hashdex Combined Bitcoin and Ethereum ETF

The United States Securities and Exchange Commission (SEC) has delayed its approval decision regarding the Hashdex Nasdaq Crypto Index US ETF, a proposed exchange-traded fund (ETF) that aims to hold both Bitcoin and Ethereum.  The SEC on Friday released a filing stating it would extend the initial 45-day review period for the Hashdex ETF proposal.  The Commission has set a new deadline of September 30 to either approve, disapprove, or initiate proceedings to determine whether to disapprove the p...

• Aug 08, 2024

Ethereum Price Jumps 10% as Grayscale ETF Outflows Slow

Ethereum jumped by double-digits Friday morning to over $2,700, outpacing Bitcoin and Solana as the crypto market continued to recover ground lost during Monday's crash. The price of Ethereum is currently around $2,664, up 9.6% on the day, per data from CoinGecko—though it remains down by over 15% on the week. Volume is up by 5% in the past day, while open interest has jumped by 15%, per data from Coinglass. That suggests investors are feeling more confident in Ethereum's trajectory, something m...

• Aug 08, 2024

How Midnight Society Moves Forward After Dr. Disrespect 'Shock'—And What's Next for Deadrop

More than a month after famed gaming influencer Dr. Disrespect was dropped by Midnight Society, the studio building the first-person shooter Deadrop, the team has broken its silence in an exclusive interview with Decrypt’s GG—to discuss removing the popular streamer from the company, and how the game can move forward without him. Dr. Disrespect, aka Guy Beahm, was alleged to have inappropriately chatted with a minor. The streamer later admitted to having conversations with a minor that “leaned t...