Category: crypto

Solana’s proposal to double its annual disinflation rate has passed a governance vote with 67% support. This will reduce projected SOL token issuance by 18.9 million over six years. Another resource-fee proposal failed to reach the required two-thirds support. The changes will not immediately impact SOL issuance but require technical implementation.

Strategy has halted Bitcoin sales for two weeks, raising $2.01 billion through MSTR shares instead. With 840,447 BTC, profitable at an average cost of $75,385, Bitfinex analysts noted the impact of previous sales on market sentiment. Strategy remains neutral on Bitcoin, focusing on preferred-stock obligations and cash reserves.

Federal Reserve Chair Kevin Warsh hinted at a possible interest rate increase due to inflation being above the Fed’s 2% target, causing Bitcoin to drop below $80,000. Warsh emphasized the need for inflation to return to 2% quickly. The US economy is strong, giving the Fed room to act. Bitcoin options worth $6.4 billion expired…

Strive’s SATA preferred stock has generated enough funding to potentially purchase 1,192 BTC this week. The estimated amount is based on live market monitoring and represents potential purchasing power, not a confirmed acquisition. Strive’s return to $100 has allowed them to resume issuing preferred shares through the SATA program.

Former U.S. Defense Secretary Mark Esper is urging the Senate to pass the CLARITY Act before its Sept. 15 procedural vote, emphasizing that delayed crypto rules could weaken U.S. financial and national security. The Act would regulate U.S. crypto markets, improve oversight, and help enforce sanctions. The Senate vote requires 60 votes to advance the…

Tokenized gold has become more popular in crypto lending, with Aave’s XAUT-backed debt reaching a $25 million limit and Arch Lending now offering loans against the two largest gold tokens, PAXG and XAUT. Demand for tokenized gold loans shows holders treating the assets as usable parts of the digital financial system.

An attack on the Avici crypto card platform based on Solana has resulted in over $1 million being drained from user accounts, causing the AVICI token to hit an all-time low. The attacker added administrators before making withdrawals, resulting in significant losses for users. Avici has acknowledged the issue but has not confirmed the reported…

HyENA will close every market between Aug. 31 and Sept. 2 after processing $4 billion in trades for over 12,000 users. Open positions will settle automatically, margin will return to spot balances, and HLPe depositors can redeem holdings through Upshift at a 1:1 rate. HyENA will not issue a token.

A Bitcoin wallet connected to convicted Irish drug dealer Clifton Collins transferred 500 BTC worth $39.56 million to Coinbase Prime after private keys were lost. Irish authorities had already recovered 1,500 BTC from the wallet group. The purpose of the transfer and the party authorizing it remain unconfirmed.

Lazarus Group, a North Korea-linked hacking operation, transferred 244.148 Bitcoin worth about $19.42 million, with the destination undisclosed. This comes after a previous transfer of 262.2 Bitcoin earlier in August. U.S. sanctions prohibit dealings with property linked to the group. The FBI has warned about potential cash-out attempts.