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AEVO Plummets 90% from Peak as OKX Chief Raises Concerns Over Listings

AEVO Plummets 90% from Peak as OKX Chief Raises Concerns Over Listings

Since its launch in March, the native token of the L2 cryptocurrency derivatives platform Aevo (AEVO) has plunged from a high of $3.7 to $0.43, a nearly 90% drop. Daily chart of AEVO/USDT on Binance. Data: TradingView. According to CoinGecko, the token’s market capitalization has tumbled from a peak of $900 million to $373 million. […]

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Former Uphold CEO Backs Kamala Harris's Presidential Aspirations

Former Uphold CEO Backs Kamala Harris’s Presidential Aspirations

Board member and former CEO of the bitcoin exchange Uphold, J.P. Thieriot, has expressed support for U.S. Vice President Kamala Harris in her bid for the presidency, according to CoinDesk. Thieriot plans to raise funds and secure industry endorsement for her candidacy. This initiative aims to counteract the impact of recent positive comments about the […]

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CleanSpark Acquires 75 MW Bitcoin Farm Under US Scrutiny

CleanSpark Acquires 75 MW Bitcoin Farm Under US Scrutiny

CleanSpark has announced the completion of its acquisition of an operational Bitcoin mining facility in Wyoming, USA, with an available capacity of 75 MW. We’ve executed 75 MW of power contracts and completed the acquisition of our first #Bitcoin mining site in Wyoming! With a power capacity of 30 MW, it’s expected to add over […]

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Intel to Cut 15,000 Jobs Amid AI Competition

Intel to Cut 15,000 Jobs Amid AI Competition

Intel announced the layoff of 15% of its workforce, or approximately 15,000 employees, as it lags in the AI race. The decision is part of a plan to reduce expenses by $10 billion by 2025, linked to the company’s poor financial performance, as reflected in its second-quarter earnings report. The firm reported a loss of […]

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Add the cat: why Bitcoin’s potential OP_CAT upgrade matters

Add the cat: why Bitcoin’s potential OP_CAT upgrade matters

Upgrades to the bitcoin network are infrequent—the last soft fork, Taproot, was activated in November 2021. By comparison, since then Ethereum has shipped Shapella, Dencun and The Merge, with the Pectra upgrade already slated for the first quarter of 2025. Meanwhile, the community is only debating the possible implementation of an improvement proposal dubbed OP_CAT […]

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X Suspends MakeNowMeme's Account

X Suspends MakeNowMeme’s Account

The social network X has suspended the account of MakeNowMeme, a platform that enabled the creation of meme tokens on Solana through post publications. Source: X. The project’s website stated that developers are attempting to regain access to the account, having paused the issuance of new tokens. Source: makenow.meme. After some time, the project’s account […]

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Google Enhances Chrome with AI Features

Google Enhances Chrome with AI Features

Google has updated the Chrome browser by adding three new AI-powered features. With artificial intelligence, Chrome users can analyze images, compare products while shopping on a single page, and use search history more conveniently. Google’s AI division has released an experimental version of Gemini 1.5 Pro, which outperforms GPT-4o and other models in tests. Google […]

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CertiK Reports $278.8 Million Loss in Cryptocurrency Incidents for July

CertiK Reports $278.8 Million Loss in Cryptocurrency Incidents for July

In July, cryptocurrency projects suffered losses amounting to $278.8 million due to malicious activities — the second largest figure in 2024, according to calculations by CertiK. #CertiKStatsAlert ? Combining all the incidents in July we’ve confirmed ~$270.9m lost to exploits, hacks and scams after ~$7.8m was returned. The amount is the second highest monthly loss […]

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MicroStrategy Acquires $805 Million in Bitcoin in Q2

MicroStrategy Acquires $805 Million in Bitcoin in Q2

MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 12,222 BTC for $805 million in the second quarter, bringing its total reserves to 226,500 BTC (~$14.7 billion). This was revealed in the firm’s report. Over the past three months, the company reported a loss of $5.74 per share with quarterly revenue of $111.4 million—a […]

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Bybit to Cease Operations in France

Bybit to Cease Operations in France

The Bitcoin exchange Bybit announced its withdrawal from the French market. Starting from August 2 at 8:00 UTC, local users will no longer be able to open or add new positions. All Bybit products are included in this restriction, according to the company’s release. All remaining positions are subject to liquidation after August 13 at […]

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Do Kwon to be Extradited to South Korea

Do Kwon to be Extradited to South Korea

The Court of Appeals in Montenegro rejected the US request for the extradition of former Terraform Labs (TFL) CEO Do Kwon, deciding instead to send him to South Korea. This verdict by the Court of Appeals upholds the decision of the High Court of Podgorica, made at the end of June. In November 2023, the […]

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Bitcoin Price Dips Below $63,000

Bitcoin Price Dips Below $63,000

The leading cryptocurrency continued its correction, with its rate momentarily dropping to $62,666 on Binance in the USDT pair.

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