Author: CryptoHoppers
Key Takeaways BlackRock has stated it currently has no plans to offer spot ETFs for XRP or Solana. The asset manager clarified their position amid speculation following Bitcoin and Ethereum ETF launches. Share this article With Ripple closing its long-running legal battle with the SEC, industry analysts anticipate that the resolution will make major fund managers more comfortable offering investment products tied to XRP, Ripple’s native crypto asset.Pro-XRP users, in particular, have been eyeing BlackRock, the asset management giant. But it appears BlackRock has no immediate plans to get on board.A BlackRock spokesperson recently told The Block that spot XRP…
Nansen just flipped the lights on inside Ethereum’s most opaque scaling playground. By integrating Metis Andromeda, its AI-driven analytics are exposing the smart money flows, hidden dApp traction, and whale movements that Layer-2 users have been guessing at for years. Summary Nansen integrates Metis Andromeda, an Ethereum Layer-2 network, into its AI-powered analytics platform. The move enables real-time tracking of wallet activity, liquidity flows, and on-chain metrics previously hidden in fragmented data. According to a press release shared with crypto.news on August 8, blockchain analytics firm Nansen has integrated Metis Andromeda, a permissionless Ethereum Layer-2 network, into its real-time analytics…
Key Takeaways Block’s Proto Mining will launch new Bitcoin mining chips next week to democratize mining. Block’s Cash App platform shows strong growth in Bitcoin transactions and financial services. Share this article Proto Mining, an initiative built by Jack Dorsey-led Block, will launch new bitcoin mining chips next week that it believes will help democratize the mining ecosystem, said Amrita Ahuja, the company’s chief financial officer, in a Friday interview with CNBC’s Squawk Box.Dorsey also hinted at the launch on X today. The Bitcoin advocate recently generated headlines for the rollout of Bitchat, a decentralized messaging application. next week ⛏️…
TLDR Ripple and the SEC have jointly filed to dismiss their appeals in the XRP Lawsuit. The joint motion was submitted under Federal Rule of Appellate Procedure 42(b)(1). Ripple’s Chief Legal Officer confirmed the decision and stated that Ripple is now back to business. Judge Analisa Torres previously ruled that XRP is not a security but found Ripple violated laws with institutional sales. Ripple was ordered to pay a $125 million fine and faced a permanent injunction on future institutional sales. The long-running XRP Lawsuit is nearing its conclusion after Ripple and the U.S. SEC filed to dismiss their appeals.…
Key Takeaways:WLFI announces upcoming USD1 Points Program for stablecoin holders, with rewards for trading, staking, and holding USD1.The program will roll out with select crypto exchange partners, mirroring airline-style loyalty schemes.USD1 aims to boost stablecoin adoption and user engagement across DeFi and CeFi platforms.World Liberty Financial (WLFI) has just revealed plans to launch a groundbreaking rewards initiative centered around its USD1 stablecoin. Touted as crypto’s answer to traditional loyalty programs, the USD1 Points Program will reward users for actively using, trading, and holding USD1, starting with early access via selected partner platforms.Read More: Bybit Drops $300K USD1 Airdrop as New…
Key Takeaways Tether has acquired a minority stake in the Spanish crypto platform Bit2Me. The crypto exchange serves over 1.2 million users and 7,000 companies. Share this article Tether said Thursday the firm had taken a minority stake in Bit2Me, a Spanish-speaking crypto platform. The stablecoin issuer is spearheading a €30 million funding round as part of the deal, which is expected to wrap up in the next few weeks.Commenting on the latest investment, Tether CEO Paolo Ardoino praised Bit2Me’s commitment to building a compliant, secure, and intuitive ecosystem for digital assets. “Their focus on education, transparency, and user empowerment…
Coinbase hit $106 billion in value after joining the S&P 500 earlier this year, riding a 69% rally that pushed it to the front of the crypto-to-Wall-Street pipeline. That run ended hard last week when the stock dropped 17% after its earnings release, the second-biggest post-earnings dip in the company’s history. Analysts are now asking whether Coinbase can keep charging higher fees without losing ground to cheaper competitors. For years, the company ignored pressure to drop its fees, even increasing them in March for some stablecoin trades. But the game has changed. Robinhood and Kraken are closing in fast, and…
[…] internal stability. The ministry added that once biometric data is collected and uploaded to decentralized systems, it becomes nearly impossible to recover or delete – posing a permanent risk to national […] Source link
Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Share this article Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies, has raised $70 million in Series B funding co-led by Andreessen Horowitz (a16z) and ICONIQ, the company announced Wednesday.This brings Rillet’s total funding to over $100 million in under a year. Seth Pierrepont, General Partner of ICONIQ, and Alex Rampell, General Partner…
Key NotesCoinbase announced a proposed private offering of $2 billion in convertible senior notes.The funds are for general corporate purposes, including potential acquisitions and debt repayment.The offering includes capped call transactions to reduce potential stock dilution for shareholders. Coinbase Global, Inc. has announced its plan to offer $2 billion in convertible senior notes in a private offering. The move aims to raise capital for general corporate purposes and strategic investments amid a period of market pressure. The announcement appears to weigh in on investor sentiment. In morning trading on Aug. 5, Coinbase’s stock fell over 3% to around $307, continuing…