Category: crypto

Crypto protocols raised $1.9 billion in August, down from July. DeFi protocols dominated funding, with major raises from Portal, M0, and aPriori. AI and infrastructure projects also secured substantial funding. Cybersecurity and stablecoin infrastructure attracted capital. Public token sales saw a decrease. Layer-2 solutions received strategic investments. Institutional interest remains strong.

A long-dormant Bitcoin whale has resurfaced, moving funds untouched since 2012. Three connected addresses shifted 137 BTC, worth $15.6 million, out of a cache of 955 BTC ($108 million). Some funds were sent to Kraken, suggesting intent to sell. This movement reflects a trend of dormant Bitcoin wallets reawakening.

Ethena Labs withdrew its bid to issue Hyperliquid’s USDH stablecoin due to concerns raised by validators and community members. Despite this, Ethena’s broader plans on Hyperliquid remain unchanged, focusing on products such as synthetic dollars, savings and card products, and hedging flows. Young emphasized the importance of competitiveness and innovation.

TRON DAO participated as a 3 Block Sponsor of CoinDesk: Policy & Regulation conference in Washington D.C. The event brought together key policymakers, regulators, and government officials to discuss combating financial crimes in the cryptocurrency sector. TRON’s T3 Financial Crimes Unit has frozen over $250 million in illicit assets globally.

On September 10, Ethereum’s Beacon Chain experienced a major slashing event, penalizing 40 validators for conflicting attestations. Most affected operators were linked to Ankr, with one validator losing 0.3 ETH worth $1,300. Slashing occurs when validators violate consensus rules, often due to errors in running keys across multiple environments. Validators must continue operating despite fines…

AVAX reached a seven-month high as the Avalanche Foundation seeks up to $1 billion in funding for dedicated treasury companies holding its token. The token’s price surged by 9% to $29, outperforming other top-20 crypto assets. This initiative reflects momentum within the Avalanche ecosystem and follows a trend of DATCO launches in the industry.

Long-term Bitcoin holders sold 183,000 BTC in the last 30 days, with a large portion spent in a single session. This coincided with a record high in illiquid supply and an increase in ETF allocations. The market is now waiting to see if primary-market buyers will absorb the released supply.

A new report from the Protocol Guild reveals that Ethereum core developers are underpaid compared to industry standards, earning an average of $157,939, 60% less than competitors. Despite job offers elsewhere, developers remain loyal due to their belief in Ethereum’s mission. However, underpayment may pose long-term risks to the network’s success.

Chainlink Labs, UBS Asset Management, and DigiFT are collaborating to revolutionize investment fund creation and management by creating an automated framework for tokenized products under Hong Kong’s Cyberport program. This government-backed initiative aims to encourage Web3 experimentation and streamline processes in the asset management sector, potentially transforming future capital markets.

U.S. spot Bitcoin ETFs received over $1 billion in inflows last week as Bitcoin prices rose above $110,000. Farside Investors, Fidelity, and BlackRock saw significant inflows. The potential for a Federal Reserve rate cut next week could impact demand. The supply side has become more mechanical after the halving.