Nearly $600M of Silk Road Bitcoin Hits Coinbase Prime, but Not Necessarily to Sell
Bitcoin continued under pressure for the day at around $59,000.
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Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering
The Latin American country’s agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products.
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The Anatomy of a Meltdown (and Just BTFD)
GSR’s Brian Rudick discusses the recent market meltdown, how towering bull tenets and fading risks could propel Bitcoin to $1m, and why the recent taban is a gift, all combining to make cryptocurrency’s risk-reward its most compelling in years.
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Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin’s price.
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As Restaking Takes Shape on Solana, Ethereum-Focused Renzo Jumps in With ‘ezSOL’
Liquid restaking protocol Renzo, known for its work on Ethereum-based projects like EigenLayer and Symbiotic, disclosed Wednesday that it’s preparing a new liquid staking token focused on the Solana-focused restaking platform now under development by developer Jito Labs.
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Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
The company plans to reach $16 million by the end of a second closing.
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Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain “restaking” scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem.
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Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright
The company has the capital and the infrastructure to buy and deploy the latest generation of mining rigs at a favourable time, the report said.
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Thailand’s PM Removed, But Crypto Policies Likely to Remain ‘Largely’ Unaffected in Political Uncertainty
The launch of a Digital Wallet Policy to stimulate the economy earlier this month “may face delays or revisions or even cancelation due to the recent developments,” one expert said.
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Sahara AI, Blockchain Project Tackling Copyright and Privacy, Raises $43M
The funding round was led by Pantera Capital, Binance Labs and Polychain Capital and included participation from Samsung, Matrix Partners, Foresight Ventures and others.