• Jul 31, 2024

BlackRock's Tokenized Fund on Ethereum Pays Out $2.1 Million

The BlackRock USD Institutional Digital Liquidity (BUIDL) fund distributed more than $2 million in dividends in July, an all-time high for its monthly payouts. The tokenized fund distributed $2.12 million to investors in July, up roughly 16% from the prior month, Etherscan data shows. To date, BlackRock’s fund has paid out more than $7 million in dividends, with dividend yields increasing each month, a Securitize representative told Decrypt on Thursday. Securitize provides the tokenization platf...

• Jul 31, 2024

Bitcoin Sinks Further as $310 Million in Longs Get Rekt

How quickly things can change in the crypto space: On Monday, Bitcoin was closing in on its all-time high again after having touched—briefly—$70,000 per coin. But now the asset is trading well below its 2021 record of $69,044—and futures traders are getting ruined. Over the past 24 hours, as Bitcoin has dropped nearly 6% to $62,753, over $316 million in long positions have been liquidated, CoinGlass data shows. That figure refers to all coins and tokens in the space that traders had bet on goin...

• Jul 31, 2024

Cathie Wood’s ARK Invest Sells More Coinbase Stock as Crypto Markets Nosedive

Cathie Wood’s asset management firm ARK Invest has again sold some of its Coinbase stock (NASDAQ: COIN), offloading over 12,000 shares worth $2.7 million just as the crypto market takes a plunge.  A Wednesday filing showed that the firm—which invests heavily in emerging tech—sold the shares from its Next Generation Internet exchange-traded fund (ARKW).  The fund focuses on companies working on evolving internet technology such as “new payment methods, big data, the internet of things, and social...

• Jul 31, 2024

Kamala Harris Presidential Odds Hit Record High on Polymarket

Presumptive Democratic nominee Kamala Harris’ election odds have hit a new all-time high on crypto prediction market Polymarket on Thursday, as the incumbent vice president’s campaign ramps up. A Polymarket betting pool with more than $472 million wagered shows Harris’ odds of winning the presidential election are 45%, up roughly 6% in the past 24 hours. During the same time period, Republican nominee Donald Trump’s odds similarly decreased to 53%, according to the same data.  Harris’ odds of se...

• Jul 31, 2024

Solana DEX Raydium's Meme Token Launch 'Didn't Exactly Go as Expected'

Decentralized exchange (DEX) Raydium launched a meme coin called CTO using a new crypto launchpad, but things didn’t go according to plan. One of the largest DEXs on Solana, Raydium's meme coin launch on a new token launchpad backfired after the launch “didn't exactly go as expected,” with two identical tokens created and the first dropping 92% in just 10 minutes. Raydium, an automated market maker that has a daily trading volume over $300 million per CoinGecko, launched a token called CTO on Th...

• Jul 31, 2024

Trump Bitcoin Sneakers Sell Out, Already on EBay for $2,500

Donald Trump’s Bitcoin-themed sneakers sold out shortly after listing and secondary sales are taking off. The listing for the “Trump Crypto President High Tops - Bitcoin Orange” sneakers saw the shoes sold out right after they became available, as shown by the official website. The website mentions a price of $499, but current Ebay listings for the limited orange edition range from $700 to $2,500. One peculiar listing is priced at $69,999, but it is largely an outlier. The sneakers were listed s...

• Jul 31, 2024

Centralized Crypto Exchanges Are Slowly Losing Ground to DeFi Counterparts

Centralized crypto exchanges are slowly losing ground to their DeFi counterparts, according to an in-depth data analysis conducted by Decrypt. DeFiLlama decentralized exchange (DEX) volume data and CoinGecko total cryptocurrency trading volume data shows that the percentage of crypto trading volume that happens on DEXs compared to total trading volume went from 4.6% in February to over 7% this month. This is an increase of the DEX-fueled trading volume portion of over 52%. Source: Adrian Zmudzin...

• Jul 31, 2024

Solana Down 8% as Its Meme Coins Dogwifhat, Billy, and Neiro Fall Further

Solana, the fifth-largest crypto asset by market cap, has fallen 8% over the past 24 hours, according to CoinGecko, as its meme coin market takes larger hits. Some of the meme coins, which can be notoriously volatile, have fallen by as much as 43% in the past day. As the crypto market bleeds with Bitcoin (BTC) down 2.7% and Ethereum (ETH) 4.2%, Solana (SOL) has taken the largest hit out of the top 10 cryptocurrencies falling to 8.2% to $168 on the day, according to CoinGecko data. With this, Sol...

• Jul 31, 2024

Tennessee Senator Backs Trump, Wants to 'Make Certain' America is a Crypto Hub

U.S. Senator Bill Hagerty (R-TN) threw his support behind Presidential candidate Donald Trump's bid to make the U.S. a crypto hub this week. Speaking to Bloomberg Surveillance, Hagerty argued that, "We need to make certain that it happens here in America." He likened crypto to the semiconductor industry that, "got pushed offshore and weakened us from a geopolitical standpoint," adding that, "We need to see this innovation happening here." Describing Trump's stance on crypto as "likewise involved...

• Jul 31, 2024

Bitcoin and Ethereum See Red as Markets Sag Amid Volatility

Bitcoin and Ethereum, along with the rest of the top 10 crypto assets by market capitalization, are looking sluggish on Thursday morning. At the time of writing, the Bitcoin price is still below $65,000 and 2.2% lower than it was this time yesterday, according to CoinGecko data. Things are worse for the Ethereum price, which is 3.7% lower than it was 24 hours ago at $3,185.22. The ETH price drop is identical to that of  Lido Staked Ethereum (stETH), an Ethereum liquid staking token. In the past...