Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
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.
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Top Crypto Startup Drove Other Projects’ Airdrops to Its Employees
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.
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Binance Completes Registration With India’s Financial Intelligence Unit Months After Being Fined
The registration was provisionally approved in May, subject to the crypto exchange paying a fine of about $2.2 million.
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U.S. CPI Rose 0.2% in July, Matching Expectations
Bitcoin continued with modest daily gains at $61,300 following the report.
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Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project
ASIC sued on Tuesday and has not yet determined what penalty it will be seeking, but the Australian Financial Review (AFR) reported that ASX faces a maximum penalty of more than A$500 million.
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Bitcoin and Crypto Go Unmentioned During Trump-Musk X Space
Bettors at one point gave an over 60 percent chance of Trump mentioning digital assets during the interview
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A Trump-Themed Token Soars, Then Dives 95% After His Son Dashes Hope the Former President Backed It
The debacle underscores the wild world of memecoin markets, where grifts and rug pulls abound.
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Trump-Themed ‘DJT’ Token, Issued by Martin Shkreli, Suddenly Dives 90%
A single wallet sold $2 million worth of the token earlier Tuesday, causing market capitalization to fall from $55 million to as low as $2 million almost instantly.
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Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash
Bitcoin’s 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there’s been multiple occasions of similar drawdowns during previous bull markets.
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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.