Category: crypto

Qatar National Bank has adopted JPMorgan’s Kinexys blockchain technology for USD payments, offering faster transactions and 24/7 services. This move aligns with QNB’s Web3 strategy, including tokenized money market funds and piloting Ripple’s cross-border remittance network. QNB is the first bank in Qatar to use Kinexys for corporate payments.

Bitcoin exchange-traded funds in the US saw a net outflow of $902.5 million last week, breaking a four-week streak of inflows. Investor sentiment weakened due to new Trump tariffs and uncertainty over Federal Reserve rate cuts. Bitcoin confirmed a bullish reversal pattern on the hourly chart but needs to reclaim the $112k support level for…

A 71-year-old retiree in Kuala Terengganu lost RM 525,000 in a cryptocurrency scam promising high returns. Malaysian officials warned of increasing crypto fraud targeting senior citizens. Scammers used Facebook ads to lure victims, with the victim making seven transactions into the suspect’s account using retirement savings. Authorities are investigating the syndicate behind the scam.

Former Binance CEO Changpeng Zhao celebrates one year since being released from U.S. prison. He reflects on milestones in the crypto community and his personal project Giggle Academy. Zhao praises positive changes under the Trump administration, including pro-crypto initiatives and a shift in regulation at the U.S. Securities and Exchange Commission.

A wallet allegedly linked to MrBeast has accumulated over $1 million worth of ASTER tokens. The token has surged over 1,800% since its launch, with support from industry heavyweights like Changpeng Zhao. MrBeast denied involvement, but the token’s price has not been significantly affected. Whales have also shown interest in ASTER.

Babylon has proposed reducing BABY inflation from 8% to 5.5% and introducing a BTC-BABY co-staking system to align Bitcoin and BABY holders while slowing supply growth. The plan aims to enhance rewards for stakers and strengthen network sustainability, with a testnet launch in September and mainnet deployment in October.

Multiple Network experienced a compromise of its MTP token by an unauthorized market maker. They have launched a new token contract with a 1:1 swap, along with a $1 million buyback plan and legal action against the market maker. Trading has resumed, and funds recovered through legal action will be used for buybacks.

Analysts are extremely bullish on XRP, predicting a rise to $4 as the next milestone. The recent SEC ruling has removed regulatory uncertainty and opened the door for institutional investment. XRP’s partnerships and potential involvement in central bank digital currency initiatives could lead to significant upside despite recent volatility.

Jan3 founder Samson Mow predicts that nation-states are close to a sudden tipping point in Bitcoin adoption. He anticipates a rush for strategic Bitcoin reserves among governments, with the U.S. planning a reserve but not yet purchasing Bitcoin. Mow also notes delays in the market cycle, pushing the next bull run to 2026.

Binance founder Changpeng Zhao clarified his role as an advisor with a small stake in perpetual DEX Aster, denying being on the team. Despite competing with Binance, Aster benefits BNB. The ASTER token surged 7,000% since launch, sparking speculation on Zhao’s involvement, which he addressed to clarify the situation.