MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero. This move effectively prevents any new borrowing from these vaults and lowers WBTC’s loan-to-value …
Continue reading “Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans”
Germany’s Federal Office for Information Security (BSI) advised crypto users to secure their digital assets with hardware wallets. In the LinkedIn post, the authorities declared hardware wallets the most secure method for storing digital assets, explaining that these devices can help to keep a user’s private cryptographic keys in offline or “cold” storage. This offline …
Continue reading “Germany Federal Office urges use of hardware wallets as crypto theft rises”
MIMOS Berhad, the research and development division of the Malaysian Government, has formalized a partnership with the Worldcoin Foundation, Tools for Humanity (TFH), and MyEG. The collaboration aims to integrate Worldcoin’s technology into Malaysia’s digital infrastructure, focusing on enhancing digital credentials and validating digital proof of humanness in the era of artificial intelligence. The memorandum …
Quick Take As of press time, Bitcoin is trading below $60,000, placing it in a precarious position due to it being below key moving averages, particularly the 200-day moving average (200 DMA) at $62,300. It recently bounced off the lows of the 365-day moving average (365 DMA) around $49,000, showing some support and highlighting market …
Continue reading “Bitcoin’s negative correlation with SPX deepens amid current market trends”
South Korea’s National Pension Service (NPS) holds more than $80 million worth of MicroStrategy and Coinbase shares, according to a new filing with the US Securities and Exchange Commission (SEC). The Aug. 13 filing revealed that the NPS purchased 24,500 shares of MicroStrategy (MSTR) for about $33.75 million during the second quarter ending June 30. …
Continue reading “Third largest pension fund globally invests $80M in MicroStrategy and Coinbase”
The Arbitrum Decentralized Autonomous Organization (DAO) has passed a proposal to introduce ARB staking for the largest Ethereum layer-2 network. Staking initiative The proposal, which received overwhelming community support, aims to launch ARB staking to enhance the token’s utility and governance participation. This initiative seeks to protect the DAO Treasury from potential attacks. According to …
Continue reading “Arbitrum DAO votes to launch staking as $50M ARB tokens flood the market”
According to data gathered by Arkham Intelligence, Blackrock’s onchain assets are inching closer to outpacing Grayscale’s crypto holdings. As of Friday, Grayscale’s onchain value stood at approximately $21.33 billion, while Blackrock’s portfolio was around $21.02 billion. Grayscale Faces Fierce Competition as Blackrock’s Onchain Assets Climb Blackrock’s collection of onchain digital assets is nearing a point …
Continue reading “Blackrock Edges Closer to Surpassing Grayscale in Onchain Crypto Assets”
Mega Dice, the popular Solana-based casino, has just hit a huge milestone. The presale for its native Mega Dice Token (DICE) has now passed $1.7 million – with many early backers believing it could be the next big thing in GambleFi. Mega Dice Casino Passes $1.7M in Presale for DICE Mega Dice is quickly making …
Continue reading “Solana’s GambleFi Star Mega Dice Token Raises $1.7M in Trending Presale Event”
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “Leveraged sell-off drives Bitcoin down to $56K during negative funding rate spike”
The International Monetary Fund (IMF) has proposed higher energy taxes to reduce emissions from crypto miners and artificial intelligence (AI) data centers, according to an Aug. 15 report. Daniel Batten, the Managing Partner at CH4Capital, has issued a strong rebuttal to the report on his X (formerly Twitter) account, stating, “Bitcoin mining has significant environmental …
Continue reading “IMF proposes 85% power tax hike on crypto and AI data centers”
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) pulled in $11.11 million, while ethereum ETFs faced a different outcome, with losses totaling $39.21 million during the day’s trading session. A Dive Into Thursday’s Crypto ETF Landscape U.S. spot bitcoin ETFs made a slight comeback on Thursday, drawing in $11.11 million in positive inflows. Fidelity’s FBTC …
Continue reading “US Bitcoin ETFs Gain $11M, Ether ETFs Slip by $39M on Thursday”
PlayDoge (PLAY) is proving that even in the meme coin world, it’s possible to shake things up. This new Play-to-Earn (P2E) project has just passed the $6 million mark in its presale. But does PlayDoge have what it takes to make a real impact when it hits DEXs later this year? Investors Race to Secure …
As of today, the market capitalization of tokenized U.S. Treasuries stands at an impressive $1.92 billion, reflecting a $110 million increase since July 9, 2024, marking a 6.08% rise over roughly five weeks. Blackrock’s BUIDL continues to lead the pack among tokenized Treasury assets by market cap, experiencing a $14.85 million uptick in just 38 …
Continue reading “$110M Added to Tokenized Treasuries in 5 Weeks, Market Cap Approaches $2B Mark”
On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time in over a decade. Back when the funds were initially secured by the P2PKH (Pay to Public Key Hash) address, they were valued at $151,970. …
Continue reading “Dormant Bitcoin Wallet From 2014 Moves $10.2M—After a Decade”
Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx acknowledged users’ frustration but cautioned that drastic actions could cause further delays. Wazirx’s Update on Top Priority Post …
Continue reading “Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic”
