Category: crypto

Bitcoin is currently trading above $110,000 with Google Trends data for “bitcoin” at 38. Despite the high price, public interest in Bitcoin has dropped. Retail trading volume on Coinbase has decreased compared to previous years, with many small traders still wary after losses in 2022. President Trump’s support for Bitcoin has also impacted the market.

Avalanche’s native token, AVAX, has surged by 11% in the last 24 hours, reaching $25.16. This increase is attributed to institutional activity and a partnership with FIFA. The blockchain is positioning itself as a go-to platform for scalable solutions. FIFA has launched a dedicated blockchain on Avalanche for fan engagement. VanEck plans to launch a…

Cetus Protocol, a decentralized exchange on the Sui Network, halted operations due to a security breach where $260 million was stolen. The attacker swapped assets to Ethereum. The incident caused a $200 million drop in total value locked, with the native token plummeting. The exploit may be due to a flaw in the pricing mechanism.

Texas lawmakers approved legislation to establish a state-level strategic Bitcoin reserve. The bill needs Senate approval with House amendments before reaching Governor Greg Abbott’s desk for final approval. This would make Texas the third US state to direct public funds into Bitcoin. The proposal allows the state comptroller to acquire Bitcoin using surplus General Revenue.

Coinbase is under fire for a data breach affecting nearly 70,000 users, with personal information leaked by overseas support agents bribed by cybercriminals. The attackers attempted to extort $20 million in Bitcoin. CEO Brian Armstrong criticized outdated KYC laws, facing public scrutiny and a federal investigation. Critics also accused Coinbase of ignoring warnings about suspicious…

Solana Mobile announced the Seeker smartphone will come with a new token called SKR, serving as the native token of the Solana Mobile economy. Seeker will ship on Aug. 4 and includes a distribution model for additional manufacturers. SKR will be used for incentives, with no details on pricing or exchanges yet. TEEPIN architecture will…

Ethereum co-founder Vitalik Buterin praised recent advancements in zero-knowledge technology, particularly real-time proving, as a significant step forward. Developer Uma Roy’s achievement of real-time Ethereum proving was seen as a milestone in the cryptography community, although concerns remain about performance, verification, energy consumption, and scalability for Ethereum’s Layer 1 network.

US lawmakers advanced two blockchain-related legislative efforts on May 21, approving the GENIUS Act for debate and reintroducing the Blockchain Regulatory Certainty Act in the House. The GENIUS Act sets standards for stablecoin issuance, while the Blockchain Regulatory Certainty Act aims to provide clarity for developers and service providers in the blockchain industry.

OpenAI acquires Jony Ive’s artificial intelligence hardware startup io for $6.4 billion in an all-equity transaction, marking its largest acquisition yet. Ive will retain independence for his design firm LoveFrom and assume design responsibilities across OpenAI and io. The deal aims to integrate io’s device-focused team into OpenAI’s portfolio.

The Bitcoin Policy Institute released a policy framework to establish the US as a leader in the Bitcoin ecosystem. The framework includes proposals for a US Strategic Bitcoin Reserve, BitBonds, legal distinctions for non-custodial tools, and energy policy incentives for mining. It aims to provide clarity for policymakers in understanding Bitcoin’s legal, regulatory, and geopolitical…