Galaxy Digital posts $177 Million net loss in Q2 amid market turbulence
Galaxy Digital reported a net loss of $177 million for the second quarter, compared to a net profit of $1.6 million during the same period…
Category: Crypto Slate
MicroStrategy faces scrutiny over cash flow and Bitcoin holdings ahead of Q2 earning
MicroStrategy, a prominent Bitcoin holder, faces scrutiny regarding its cash flows ahead of its earnings report. On July 31, Michael Saylor, a prominent Bitcoin advocate,…
Economic woes drive Bitcoin below $63,000
Quick Take Bitcoin experienced a sharp decline to below $63,000 on Aug.1 following disappointing economic data, leading to significant liquidations in the market. Over the…
DWF Labs to debut synthetic stablecoin amid sector’s explosive growth
DWF Labs, a prominent crypto trading and market-making firm, is preparing to enter the booming stablecoin sector. In an Aug. 1 statement on social media…
Trump’s $499 Bitcoin-themed sneakers sell out swiftly, resell prices spike to $2500
Former US president Donald Trump’s Bitcoin-themed sneakers have already sold out, according to the Trump Sneakers website. Launched on July 31, the 1,000 pairs of…
Bitcoin power law model suggests $30K floor, $1M potential this cycle
Giovanni Santostasi’s Bitcoin Power Law model suggests Bitcoin’s price will not fall below $30,000 again, indicating a floor for future valuations. The model shows Bitcoin’s…
Ripple invests $10 million in tokenized US T-bills through OpenEden
Ripple has announced a $10 million investment in tokenized US Treasury bills (T-bills) through OpenEden, a tokenization platform expanding to the XRP Ledger (XRPL), according…
UQUID Integrates USDT on TRON for Seamless Public Transport Payments in Argentina
Buenos Aires, Argentina – August 1, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up…
Potential for Fed balance sheet to hit $17 trillion in future crises examined
Quick Take According to data from FRED, the Federal Reserve’s balance sheet has expanded significantly since 2002, growing from $720 billion to $7.2 trillion. This…
Crypto projects lose $278 million to July hacks, second-highest in 2024
Crypto projects lost $278.8 million to exploits and hacks in July—the second-highest monthly loss this year—according to blockchain security firm CertiK. CertiK pointed out that…