Companies like Coinbase and Paypal are taking advantage of the loopholes present in the stablecoin-focused GENIUS Act to offer “rewards” to depositors, even though it explicitly forbids issuers from distributing any form of interest or yield to holders. GENIUS Act Circumvented? Paypal, Coinbase Offering ‘Rewards’ to Stablecoin Holders Crypto companies are finding ways to circumvent […] Source CryptoX Portal
Solana Mobile has started shipping the second generation of its mobile device on Monday, supplying users in over 50 countries. The Seeker phone, which has amassed over 150,000 pre-orders, will feature upgraded technology, a mobile-native crypto wallet and a decentralized application store that bypasses “cryptophobic censorship” seen in app stores today. Solana Mobile general manager Emmett Hollyer told Cointelegraph that the Seeker comes with hardware improvements across the board compared to the first-generation Saga. “But what really sets Seeker apart is its onchain features.” One of the device’s onchain features…
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Grayscale Investments has expanded its executive team and board as part of its “next phase of growth,” adding four financial industry veterans to key leadership roles and reappointing founder Barry Silbert as board chairman. The expanded leadership team includes Diana Zhang as chief operating officer, Ramona Boston as chief marketing officer, Andrea Williams as chief communications officer and Maxwell Rosenthal as chief human resources officer. The newly appointed executives come from traditional finance firm like Bridgewater, Apollo, Goldman Sachs and Citadel. Grayscale’s founder returns as chairman of the board Grayscale,…
Key Notes BCH large transactions dropped from $900M in July to under $200M, indicating reduced whale participation during the price rally. The cryptocurrency closed at $560.70 with bullish momentum but faces resistance at $580-590 levels with potential upside to $650. Declining whale activity during price increases often signals bull-trap conditions due to limited institutional conviction and liquidity. Bitcoin Cash BCH $558.4 24h volatility: 2.4% Market cap: $11.11 B Vol. 24h: $288.72 M traded as high as $580 on Monday, Aug. 4, delivering 6% intraday gains amid a broad altcoin resurgence.…
Ethereum’s on-chain activity is heating up, and price action tends to follow this growing engagement. Rising active addresses indicate that existing users are interacting with the network more frequently, while the surge in new addresses reflects a steady influx of fresh participants. These metrics suggest that ETH growth is being driven by genuine utility, rather than pure speculation. If these daily transactions persist, ETH could be entering a new phase where fundamentals and market sentiments begin to align, as the ETH engine runs hotter than ever. Is Ethereum Positioning For…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin just hit a new All-Time high of $116,000! Does this mean the Crypto Bull run is about to start and we’re due for alt season? Today, I’ll look at some Bitcoin, Ethereum, and Solana technical analysis and talk about what to expect over the next few months. —————————————————- 🔥 *Copy my Bull Market Portfolio* 🔥 1️⃣ Watch tutorial on Bull Market Bots: 2️⃣ Sign up to Pionex: 3️⃣ Claim deposit bonus: 4️⃣ Join our free community _The Coiners_ : 5️⃣ Copy…
Bitcoin (BTC) is down 3.6% over the past week, falling from around $119,800 to the $114,500 range at the time of writing. This weakening price action is also reflected in spot Bitcoin exchange-traded funds (ETFs), most notably in BlackRock’s IBIT Bitcoin ETF, which saw over $2.6 billion in outflows on August 1. IBIT Bitcoin ETF Sees Massive Outflows According to a recent CryptoQuant Quicktake by contributor Amr Taha, BlackRock’s IBIT ETF recorded more than $2.6 billion in outflows on August 1 – the highest figure in the past two months…
The recent passage of the US GENIUS Act was widely celebrated as a major step forward for stablecoin adoption, but a key provision may curb the appeal of digital dollars compared to money market funds, raising questions about whether the bill’s authors were swayed by banking industry pressure to restrict yield-bearing stablecoins. The GENIUS Act expressly bans issuers from offering yield-bearing stablecoins, effectively preventing both retail and institutional investors from earning interest on their digital dollar holdings. Because of this, Temujin Louie, CEO of crosschain interoperability protocol Wanchain, cautioned against…
Key Notes The DataBabies collection completed a full sellout during its public mint event from July 14-15, distributed across 4,000+ wallets. Floor prices surged from 3.67 NEAR to peak at 26.48 NEAR, representing a 620% increase before settling at current levels. Cross-chain functionality through HOT Craft enables trading with Solana and Ethereum wallets, expanding the potential user base. 2021 became known as the golden era of NFTs, when hundreds of collections launched and made headlines with impressive gains that raised both enthusiasm and skepticism from different audiences. After years of…