Author: e_cash_top

—

by

[ad_1] Two Ripple executives named in a federal securities case have been scheduled for a jury trial, according to a court filing dated Aug. 9. The upcoming proceedings concern Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen. The U.S. Securities and Exchange Commission (SEC) previously alleged that the two individuals engaged in unlawful securities…

Bitcoin on the brink: Short-term holders tighten market grip as $30,000 threshold looms

—

by

[ad_1] Quick Take Bitcoin (BTC), despite its volatility, has remained under the $30,000 threshold, an intriguing scenario attributed to its short-term holders. This group is currently reaping substantial profits, thereby sustaining the sell pressure. A striking sale of approximately 17,000 Bitcoins to exchanges was registered recently, marking this as a significant event in the annual…

Bitcoin open interest nears YTD high as Binance, BitMEX see significant surge in allocation

—

by

[ad_1] Quick Take Bitcoin open interest (OI) is on the cusp of reaching new Year-To-Date (YTD) highs, rallying on four key exchanges. The current OI allocation stands at 464,000 BTC, nearing the YTD peak of 474,000 Bitcoin recorded in January. Binance, with an OI nearing the level seen during the FTX collapse, has 161,000 BTC…

Federal Reserve will require state banks to get written ‘non-objection’ from central bank before engaging with stablecoins

—

by

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

How short-term holders keep Bitcoin price stable but constrained

—

by

[ad_1] Bitcoin has maintained a tight trading range between $28,000 and $30,000 since April 2023, a prolonged sideways movement that has been a rarity in the market. One of the reasons for this squeezed price range, especially after BTC dropped below $30,000, is price support created by short-term holders. Short-term holders are entities that have…

Fantom-based SpiritSwap heads for shutdown after Multichain hack drains treasury

—

by

[ad_1] SpiritSwap, a Fantom-based decentralized exchange (DEX), is winding down its operation after Multichain’s (MULTI) hack drained its treasury of all funds, according to an Aug. 9 message on its Telegram channel. On July 14, the Multichain team closed the cross-chain protocol following their inability to reach CEO Zhaojun and effectively maintain its operation. Before then,…

Microsoft and Aptos Labs partnership sends APT token soaring

—

by

[ad_1] Aptos Labs, the developer of layer1 blockchain network Aptos (APT), has partnered with Microsoft to “unlock Web3,” according to an Aug. 9 press statement shared with CryptoSlate. The blockchain network stated that the partnership would explore asset tokenization, payments, and Central Bank Digital Currencies (CBDCs). Aptos integrates AI through Microsoft partnership The network also…

Bitmain, Anchorage Digital eye equity stake in Core Scientific comeback from bankruptcy

—

by

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

Marathon Digital posts Q2 losses amid record-breaking Bitcoin production

—

by