MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500
Still not switching over to mark-to-market, the company booked an impairment charge of $180.1 million in the second quarter.
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DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve
The exploiter created 58 million of the protocol’s CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.
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EU Regulator Details How It Classifies Unlawful Overseas Businesses Under MiCA
The European Securities and Markets Authority released an opinion to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesday.
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Crypto Exec Pushing for Industry Support of Kamala Harris for President
J.P. Thieriot, a board member and ex-CEO of Uphold, backs the vice president in her U.S. presidency bid and says he’s hoping to build a digital assets advocacy for the Democrat.
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Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request
Kwon has been in custody in the Balkan country since March 2023, when he was arrested for using a fake passport en route to Dubai.
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Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago
The slide in the odds of a Donald Trump victory in November might have bulls rethinking some bets.
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Galaxy Digital Second-Quarter Net Loss Widens as Crypto Market Retreats
The crypto market pulled back from the first-quarter’s record highs during the three-month period.
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Crypto for Advisors: Crypto and Politics in the U.S.
The combination of political support, institutional adoption and favorable economic policies sets the stage for a potentially significant upward trajectory.
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Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital
The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.
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‘Golden Boys’ Move on CompoundDAO Wasn’t a Governance Attack: Tally Protocol CEO
Sitting on the sidelines during the democratic process means you can’t complain about the result, the CEO and co-founder of a DAO vote-counting protocol said.