Bitcoin Plunges 9%, Sank Below $25K on Binance as August Turns Very Ugly
Two-thirds of leverage funds’ positions are short, one observer said, noting the bearish bias of sophisticated traders.Source
Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender.Source
Trump Owns Even More Crypto Than First Known, New Documents Show
The former U.S. president currently holds $2.8 million in ETH after debuting an NFT collection last year, fresh disclosures reveal.Source
Sei, Blockchain Designed for Trading, Goes Live but ‘Frustration’ Mounts Over Airdrop
The buzzy blockchain project’s SEI token saw a flurry of trading as it debuted on several crypto exchanges Wednesday, but there was much confusion over the status of a promised token “airdrop” to early adopters of the network.Source
PayPal to Stop Crypto Purchases in UK Until 2024
Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.Source
Bitcoin Slips to $29K, but Fundstrat’s Tom Lee Sees $150K on ETF Approval
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.Source
Crypto Mining Gets Its Own Lobbying Voice in Washington
Crypto miners are establishing a new voice in U.S. policy, starting up the Digital Energy Council to lobby for friendly policy as regulators and Congress are wrestling with the next steps in crypto regulation.Source
Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150
A sharp mid-afternoon selloff upended what had been a quiet Tuesday in cryptocurrencies.Source
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto.Source
Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products
Crypto exchange Binance has decided to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement.Source