Investment advisors held more than $4.7 billion worth of U.S.-based spot bitcoin exchange-traded funds as of the end of the second quarter.
Last October’s publication of the “BitVM” paradigm inspired a wave of projects aiming to build layer-2 networks and protocols secured by the largest and oldest blockchain. The latest version brings efficiency gains and overcomes critical shortcomings.
The blame this time can’t be laid on macro jitters, as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said.
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.
Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.
Eigen Labs circulated a list of team members’ wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. The firm later banned the practice, citing potential conflicts of interest.
The latest price moves in crypto markets in context for Aug. 15, 2024.
