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DeFi revenue remains resilient despite Curve Finance hack

DeFi revenue remains resilient despite Curve Finance hack

Even as the value of assets in DeFi dips, service provider revenues stand strong, undeterred by the US$73 million Curve Finance breach, Forkast Labs data shows.
Bitcoin dives to US$28,500; Coinbase buoyed by US futures approval; Fed minutes cast shadow over equities | Concept with bitcoins and falling candle graph.

Weekly Market Wrap: Bitcoin’s summer volatility, Coinbase’s new stake and anticipations on the Fed moves cryptocurrencies

From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.
China crypto friend tech social fi

If Chinese crypto holders sneeze, will global markets catch a cold?

Top blockchain and crypto news: China’s economic woes could spell trouble for crypto. Real fear in NFT markets. Can Friend.tech revive SocialFi?
cardano, bitcoin and frozen backdrop | Markets: Bitcoin, Ether fall; Solana, Cardano show bigger losses | bitcoin price, ether price, solana news, cardano, polkadot, dogecoin

SOL reverses gains, Bitcoin holds US$26,000, top cryptos fall ahead of Powell’s speech

SOL reversed Thursday’s gains from its Shopify partnership while XRP fell to a six-week low. Bitcoin and Ether inched up during afternoon trading but struggled to gain more upward momentum.
WASHINGTON, DC - DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States." (Photo by Alex Wong/Getty Images) | Sam Bankman-Fried lawyers granted unlimited prison visits; FTX looks to stake crypto holdings

Sam Bankman-Fried’s lawyers granted unlimited prison visits; FTX tries to sell crypto holdings

Sam Bankman-Fried’s lawyers can visit him in jail on a daily basis, a U.S. district court ruled on Wednesday, while FTX’s new CEO wants to sell its crypto.
Web3 and gaming console

It’s time for Web3 gaming to up its own game

Blockchain games are often touted as the next big thing. Joseph Cooper, CEO of Earn Alliance, takes a hard look at the industry’s challenges and how to overcome them.
Bitcoin | Bitcoin back down to US$26,000 as investors await US Fed chair speech | Markets, BTC, ETH, SOL, NFT

Bitcoin back down to US$26,000 as investors await US Fed chair speech

Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.
Senior man at laptop paying with credit card for online shopping

Mastercard and Binance end crypto card partnership, services shut down in Latin America, Middle East

Mastercard and cryptocurrency exchange Binance will end their crypto debit card program in Argentina, Brazil, Columbia and Bahrain from Sep. 22.
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Tornado Alley Severe Storm at Night Time. Severe Lightnings Above Farmlands in Illinois, USA. Severe Weather Photography Collection. | Tornado Cash founder arrested; N.Korean hackers could cash out US$40M in stolen crypto

Tornado Cash founders charged with money laundering crypto, including proceeds from North Korean heists

The Tornado Cash mixer’s co-founders have been charged by the U.S. Department of Justice with money laundering and sanctions violations.
solana, bitcoin logo | Markets: Bitcoin, Ether rises; Solana is biggest gainer among top 10 | solana, polygon, bonk, matic, shiba inu, bitcoin, ethereum

Bitcoin, Ether rise with SOL leading winners in top 10 cryptos

SOL was the biggest gainer in the top 10 following its Shopify deal. Bitcoin and Ether also rose along with most top 10 cryptocurrencies.
Bitcoin | Bitcoin back at US$26,500 as cryptos mirror Wall Street gains | Markets, BTC, ETH, SOL, NFT

Bitcoin back at US$26,500 as crypto mirrors Wall Street gains

Bitcoin rose on Thursday morning in Asia to trade in the US$26,500 range. Ether also moved up. Solana led the winners in the top 10 non-stablecoin tokens.
Temple in Pai, Thailand

Blockchain tech in Thailand gets boost from new pro-crypto leader

Blockchain technology in Thailand could soon receive a boost by new Prime Minister Srettha Thavisin, who had promised during his campaign to give 10,000 baht (US$300) through digital wallets to every Thai citizen aged 16 years and above.
Sellers of Solana NFTs outpace buyers in May, Solana logo over charts

SOL falls to six-week low, BNB biggest gainer despite reports of Binance violating Russian sanctions

Bitcoin recaptured the US$26,000 mark today, while Solana fell to a six-week low. BNB was the biggest gainer in the top 10, despite allegations against Binance resurfacing.
WASHINGTON, DC - DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States." (Photo by Alex Wong/Getty Images)

Sam Bankman-Fried pleads not guilty to misusing customer funds

Sam Bankman-Fried, the founder of FTX, pleaded not guilty to a set of new charges tied to last year’s collapse of his crypto empire.
UK PM Rishi Sunak

Could Rishi Sunak’s blockchain dream live on without him?

This final installment of a 3-part series on the U.K. digital asset industry looks at the politics driving the British crypto conversation. PM Rishi Sunak is a believer, but an election’s coming up, and his rivals appear less keen on turning the U.K. into a global crypto hub.
Binance continues to help a significant amount of Russian funds move abroad through crypto transactions, according to The Journal.

Binance denies Russia sanctions violation reported by WSJ

Binance continues to help a significant amount of Russian funds move abroad through crypto transactions, according to The Journal.
Japan Nomura’s crypto custody firm Komainu bags Dubai license

Japan Nomura’s crypto custody firm Komainu bags Dubai license

announced Tuesday that it received an operating license from the Virtual Asset Regulatory Authority (VARA) in Dubai.
Rising tide NFT

Rising tide or sinking ship

OpenSea’s royalty policy change ignites debate between tech advocates and creators. Mark Cuban calls it “a huge mistake as NFT market slides 6%.
DAO governance

How DAOs can avoid voter apathy — and power struggles

Good governance of a DAO can be hampered by a disengaged community and whale dominance. What can be done when 1% of stakeholders holds 90% of voting power?
Bitcoin | Bitcoin below US$26,000 with a new low of US$20,000 in the cards | Markets, BTC, ETH, ETF, NFT

Bitcoin below US$26,000 with a new low of US$20,000 in the cards

Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.
the logo of coinDCX, Indian crypto exchange CoinDCX crosses 10 million user base

India’s CoinDCX exchange lays off 12% of staff

CoinDCX, one of India’s largest cryptocurrency exchanges, said on Wednesday it is laying off 12% of its staff due to the impact of a prolonged bear market and local tax rules. 
Cryptocurrency golden bitcoin image for crypto currency

Bitcoin holds US$26,000, BNB flirts with annual low

Bitcoin holds its ground above US$26,000, but the top 10 cryptocurrencies see a dip. BNB remains subdued as Binance’s payment partner woes intensify.
Law Commissioner Sarah Green

‘Third category thing’ — untangling digital asset property law in England and Wales

How can we claim to own something that falls outside traditional categories of personal property? In this second installment in a 3-part series looking at the U.K. digital asset industry, Law Commissioner for England and Wales Sarah Green explains how.
BEVERLY HILLS, CALIFORNIA - OCTOBER 23: Brian Armstrong, cofounder and CEO of Coinbase speaks onstage during 'Tales from the Crypto: What the Currency of the Future Means for You' at Vanity Fair's 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 23, 2019 in Beverly Hills, California. (Photo by Matt Winkelmeyer/Getty Images for Vanity Fair)

Coinbase buys equity stake in Circle

Coinbase Global announced Monday that it is acquiring an equity stake in Circle Internet Financial, the issuer of the USDC stablecoin.
photo illustration the FTX logo and mobile app adverts are displayed on screens

Why FTX deserves a second chance

Despite the outrage against Sam Bankman-Fried and the now-bankrupt exchange, everyone would be better off with a relaunched FTX 2.0, writes Rachel Lin, CEO of SynFutures.
Bitcoin | Bitcoin recovers after falling below $26,000, while the ETF excitement bubble may have burst | Markets, BTC, ETH, ETF, NFT

Bitcoin recovers after falling below $26,000 as the ETF excitement bubble bursts

Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level over night. Ether also dipped but held the US$1,600 mark.
Cryptocurrency Bitcoin golden coins spilling on the table. Crypto investment concept background

Bitcoin stabilizes as ETF enthusiasm tapers off

Bitcoin stabilized above the US$26,000 mark following last week’s sell-off. Top cryptos struggle to gain momentum as Bitcoin ETF applications continue to be delayed.
various cryptocurrencies

How the rise of asset tokenization could redraw global financial power maps: Opinion

Fractionalizing assets on-chain can greatly increase liquidity, security and market efficiency, writes Hamilton Keats. Here are the key trends and challenges.
A tornado-producing supercell thunderstorm spinning over ranch land at sunset near Leoti, Kansas | US federal court upholds sanctions against Tornado Cash

Tornado Cash sanctions upheld by US court

A U.S. district court has concluded that the Treasury Department’s sanctions on cryptocurrency mixer Tornado Cash are valid.
By royal decree — the UK moves toward regulating crypto

By royal decree — the UK moves toward regulating crypto

This first installment in a 3-part series on the U.K. digital asset industry looks at recent efforts to regulate crypto and expand the sector.
The U.S. SEC could call for South Korea’s cooperation in questioning Daniel Shin, co-founder of Terraform Labs

SEC wants to question Terra’s Daniel Shin, could ask South Korea for help

The U.S. SEC could call for South Korea’s cooperation in questioning Daniel Shin, co-founder of Terraform Labs.
Bitcoin | Bitcoin, Ether stable after last week’s nosedive; XRP leads crypto gains; U.S. stock futures mixed | Markets, BTC, ETH, XRP, NFT

Bitcoin, Ether stable after last week’s nosedive; XRP leads crypto gains; US stock futures mixed 

Bitcoin edged up on Monday morning in Asia to trade above US$26,000, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700.
Bitcoin dives to US$28,500; Coinbase buoyed by US futures approval; Fed minutes cast shadow over equities | Concept with bitcoins and falling candle graph.

Weekly Market Wrap: Bitcoin falls below US$26,000 following Evergrande’s bankruptcy

Bitcoin fell over 10% this week and dipped to a two-month low following Evergrande’s bankruptcy filing.
Tether cryptocurrencies and graph statistic background

Tether stops USDT stablecoin mints on three blockchains

Tether, the issuer of the world’s largest stablecoin USDT, announced on Thursday that it will discontinue support for its flagship stablecoin, on three blockchains, Kusama, Bitcoin Cash SLP (Simple Ledger Protocol) and Omni Layer. 
BTC Bitcoin and XRP Ripple Coins Between Casino Chips. Entertainment and Modern Blockchain Payments Concept.

XRP erases gains from Ripple’s partial victory as Bitcoin falls 10% in a week

Macroeconomic factors hit investor sentiment while a U.S. judge’s consent to SEC over its ongoing tussle with Ripple Labs affects crypto prices.
Ripple Vs SEC Images

SEC granted permission to file interlocutory appeal in Ripple case

Judge Analisa Torres has granted the U.S. Securities and Exchange Commission (SEC) the request to file an interlocutory appeal in its lawsuit against Ripple Labs.
digital fingerprint scanning

How blockchain-backed ID can lift up the lives of the unbanked masses: Opinion

Digital ID verified via blockchain can greatly expand economic opportunities for the world’s poor. But the market is fragmented and faces a rocky road of regulations, writes Tamas Kadar, CEO of SEON.
Bitcoin | Bitcoin hits 2-month low as macro risks rebound onto crypto | Markets, BTC, ETH, XRP, NFT

Over $1 billion in crypto market liquidations as Bitcoin hits 2-month low

Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$1,700.
bitcoin

Bitcoin steady at US$28,500; Dogecoin leads market decline in Asia

Global institutional intrigue in digital currencies grows but the cryptocurrency market shows no signs of rallying.
Singapore stablecoin Hong Kong HKVAX license

Will Singapore steady the stablecoin ship?

Top blockchain and crypto news: Singapore steps up stablecoin rules. DeGods decline. Hong Kong’s third crypto license.
Shiba Inu | Shiba Inu’s Shibarium layer-2 solution off to a rocky start | Shiba Inu, Blockchain

Shiba Inu’s Shibarium layer-2 solution off to a rocky start

The Shiba Inu token’s price dropped over 7% Thursday after the bumpy launch of “Shibarium,” a layer 2 scaling solution on the Ethereum blockchain.
Bitcoin dives to US$28,500; Coinbase buoyed by US futures approval; Fed minutes cast shadow over equities | Concept with bitcoins and falling candle graph.

Bitcoin dives to US$28,500; Coinbase buoyed by US futures approval; Fed minutes cast shadow over equities

Bitcoin, Ether and Top 10 crypto fell on Thursday morning in Asia. Coinbase receives futures approval.
SAN JOSE, CALIFORNIA - FEBRUARY 02: A sign is posted in front of PayPal headquarters | PayPal launches fully backed and regulated USD stablecoin on Ethereum

PayPal to pause UK crypto sales from October for at least 3 months

PayPal will pause cryptocurrency sales in the United Kingdom for a minimum of three months starting October 1.
Coinbase advertisements in Time Square

Coinbase cleared to offer crypto futures trading in the US

Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible clients
Bitcoin on a home computer chart and money and investment

Bitcoin extends losses as BNB falls after Binance closes payment service

Bitcoin extends the day’s losses but keeps above US$29,000, while Binance’s BNB drops amid exchange’s payment service closure.
Binance | Binance to shut crypto payment infrastructure as market dominance dips | Binance, SEC, Markets

Binance to shut crypto payment infrastructure as market dominance dips

Binance will shut down its cryptocurrency payment service Binance Connect on Aug. 16, a Binance spokesperson confirmed. 
Singapore | Singapore unveils stablecoin regulatory framework | Singapore, MAS, Stablecoin, Regulation & Law

Singapore unveils stablecoin regulatory framework

The Monetary Authority of Singapore unveiled a stablecoin regulatory framework on Tuesday as the city-state aims to become a global hub for the crypto industry.
Tradfi and cryptocurrency systems

TradFi has its eyes on crypto, and here’s the real reason why: Opinion

Wall Street thought crypto would be a passing fad. But more big institutions are having a change of heart, in spite of crypto’s protracted market woes.
NFT blocks in front of phone screen displaying OpenSea trading, Azuki spikes past Bored Apes in daily sales

Alotta NFTs, alotta volume

NFT data reveals a staggering 876,000 transactions across DMarket, DraftKings, Gods Unchained, and Sorare. DMarket alone boasts over 15 million NFTs. Combined, these giants account for nearly one-third of all NFT transactions.
Gold bitcoin coin falling to water. Bitcoin and water splash. Cryptos decline on the back of Wall Street losses and Fed speculation

Cryptos decline on the back of Wall Street losses and Fed speculation

Bitcoin and Ether fell on Wednesday along with all other top 10 cryptos, NFTs moved down while U.S. stock futures steadied after a rocky Tuesday.
Bitcoin | Bitcoin, Ether dip amid low volatility; Solana gains | Markets, BTC, ETH, SOL, NFT

Bitcoin, Ether dip amid low volatility; Solana gains

Bitcoin traded flat on Tuesday afternoon in Asia. Ether dipped, while most other top 10 non-stablecoin tokens traded flat to lower. Solana rose.
Sam Bankman Fried charged with stealing customer funds for political donations

FTX founder Sam Bankman-Fried charged with stealing customer funds for political donations

The FTX founder faces charges of wire fraud, securities fraud, commodities fraud and money laundering related to the exchange’s collapse in November.
Hong Kong bank notes

To read Hong Kong’s future as a crypto hub, look closely at its colorful paper money: Opinion

Most countries allow only government to mint currency, but in the land of public-private partnerships, legal tender HKD notes are issued by private banks.
Bitcoin | Bitcoin flat amid low volatility; NFT transactions soar; Nvidia leads Wall Street rally | Markets, BTC, ETH, SOL, NFT

Bitcoin trading sideways; NFT transactions soar; Nvidia leads Wall Street rally

Bitcoin edged higher on Tuesday morning in Asia. Ether also edged up, while other top 10 non-stablecoin tokens traded flat to higher. Solana led the winners.
Cryptocurrency Bitcoin golden coins spilling on the table. Crypto investment concept background

Bitcoin inches up; Dogecoin, Solana lead losses

Bitcoin rose slightly in the past 24 hours while Ether lost. Dogecoin and Solana were the day’s biggest losers, both dropping by over 1%, although both posted gains on the week.
safe storage for crypto; cryptowallet

Who do you trust the most to keep your Bitcoin safe?

Storing crypto on an exchange risks theft and hacks. But DIY can also be perilous — just ask the guy who accidentally trashed a hard drive and his Bitcoin fortune.
Sam Bankman-Fried | FTX founder Sam Bankman-Fried jailed for witness interference | SBF, FTX, U.S.

FTX founder Sam Bankman-Fried jailed for witness interference

Sam Bankman-Fried, founder of the collapsed crypto exchange FTX, was jailed Friday and his bail revoked ahead of his trial for fraud scheduled for October 2.
Picture of Shiba Inu dog and multiple crypto tokens | Shiba Inu surges; DeGods Season 3 unveiled; risk sentiment improves for US stocks

Shiba Inu surges; DeGods Season 3 unveiled; risk sentiment improves for US stocks

Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.
Bitcoin blue | Bitcoin loses US$30,000 peg, Ether falls as risk-off sentiment spreads to cryptocurrencies | Markets, BTC - Bitcoin, ETH - Ethereum, Non-Fungible Token - NFT, Inflation

Weekly Market Wrap: Can Bitcoin close the week above US$29,300?

Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
golden Bitcoin virtual money concept.Burning bitcoin symbol. Decentralised Cryptocurrency logo of BTC coin. | Bitcoin, Ether, all other top 10 cryptocurrencies fall; Litecoin leads losers with Cardano

Bitcoin slips but remains in ‘bullish scenario’ above US$27,500; Ether, most top 10 cryptos slide

Bitcoin and Ether fell during Friday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Despite its recent crab walk, Bitcoin is in a “bullish scenario” as long as it holds US$27,500, industry experts told Forkast.
Huobi | Huobi seeks update of crypto holdings across data platforms, amid market talk of its insolvency woes | Huobi, USDT, Justin Sun

Huobi seeks update of crypto holdings across data platforms, amid market talk of insolvency woes

Huobi has contacted multiple data platforms to update its cryptocurrency holdings, following market talk that the it might face an insolvency issue.
Gary Gensler | SEC claims favorable Ripple ruling a matter of opinion | SEC, Ripple, XRP, Cryptocurrencies, Regulation & Law

SEC to appeal in Ripple case, says ruling is a matter of opinion

SEC seeks to appeal a court ruling in July that the programmatic sale of Ripple’s XRP cryptocurrency did not qualify as sales of financial securities.
MAS Singapore crypto

Why smart money is pushing the big idea of ‘purpose-bound money’: Opinion

Recently proposed by Singapore in collaboration with fintech heavy hitters, PBM can be a powerful tool for promoting accountability and efficiency, writes Anndy Lian. But it’s not without risks.
Bitcoin and dollar | Slowing US inflation data inspires hope for a crypto price rally

Slowing US inflation data inspires hope for a crypto price rally

Bitcoin and Ether dipped on Friday morning in Asia, while U.S. CPI data points to a potential rally in the crypto market.
NFT displayed on a smartphone

Y00ts NFTs to migrate again — this time to Ethereum

Y00ts, a non-fungible token (NFT) collection that has been the second most traded NFT collection on Polygon over the past week, announced that it will migrate to Ethereum, the world’s largest blockchain for NFTs. 
PYUSD Huobi Global

Is PayPal’s new stablecoin a watershed moment for crypto?

PayPal launches stablecoin. Traditional gamers take on NFTs. Tough times ahead for Huobi.
bitcoin crypto currency diagram | Bitcoin, Ether steady; Coinbase bullish; Traders await US jobs report

Will Bitcoin fall to US$28,500? Ether, top 10 cryptos slide

Bitcoin and Ether fell during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With a lack of positive news catalysts, Bitcoin could fall to the US$28,500 support level, but US$27,500 is also on the table, industry experts told Forkast.
Coinbase logo is reflected in a mobile phone screen | Coinbase launches its own blockchain in first for a publicly listed company

Coinbase launches its own blockchain in first for a publicly listed company

Coinbase Global announced the public launch of its Ethereum layer-2 blockchain Base on Wednesday.
Bitcoin | Bitcoin, Ether dip but more bullish times ahead? | Market, BTC, ETH, NFT, ADA

Bitcoin, Ether dip but more bullish times ahead?

Bitcoin dropped on Thursday morning in Asia after briefly breaching the US$30,000 level. Ether also dipped, while other top 10 non-stablecoin tokens traded mixed.
Closeup Bitcoins mockup on the keyboard over the cryptocurrency trading graph in the computer screen, crypto currency and investment concept

Bitcoin, Ether rise near key levels, Sol leads gains across top 10 cryptos

Bitcoin and Ether rose during Wednesday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With over 69% of Bitcoin supply inactive for over a year, long-term investors remain bullish on the world’s first cryptocurrency, industry experts told Forkast.
Huobi | Huobi sees US$105 million outflow amid insolvency rumors | Huobi, USDT, Justin Sun

Huobi sees US$105 million outflow amid insolvency rumors

Rumors of arrest and insolvency plague the Huobi cryptocurrency exchange, which enjoys close ties to the Tron founder Justin Sun. How will Huobi respond?
Return of NFTs

NFT gamers ready to get wrecked

Wreck League: New PVP NFT game with custom mechs set to dominate. Partnerships with Yuga Labs and Bored Ape Yacht Club promise big potential in shifting NFT market landscape.

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