Author: Isabella Taylor
Crypto exchange Bitpanda just posted its strongest financial year on record, more than doubling revenue as partnerships and regulated offerings drive growth. Summary Bitpanda reported €393 million, around $426 million, in 2024 revenue, up 162% from the year before. The exchange’s growth is driven by regulated product offerings, market expansion, and institutional partnerships. According to a press release shared with crypto.news, the Vienna-based crypto platform reported $426 million in operating revenue for 2024, up from the $163 million recorded the year prior. The company said the figure marks a milestone in profitability and scalability, making 2024 its most successful year…
The U.S. Securities and Exchange Commission has issued interim guidance allowing certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets. Summary SEC permits qualifying USD stablecoins to be reported as cash equivalents. Applies only to fully backed, redeemable tokens with 1:1 pegs. Complements GENIUS Act and broader reforms under SEC Chair Paul Atkins. Reported on Aug. 5 by Bloomberg Tax, the guidance is a part of a wider initiative led by SEC Chair Paul Atkins to modernize cryptocurrency regulation. Stablecoins that qualify under this guidance must meet strict criteria such as full backing by cash…
The U.S. Commodity Futures Trading Commission will allow spot crypto contracts to trade on federally registered exchanges, a landmark step to bring digital asset markets under direct federal oversight. Summary The CFTC will allow trading of spot crypto contracts on federally regulated exchanges under its new “Crypto Sprint.” Contracts will settle in actual digital assets like BTC and ETH, improving market transparency and compliance. The initiative complements SEC efforts and could shift volumes from offshore venues to U.S. platforms. The announcement, published Aug. 4 on the CFTC’s website, is part of the agency’s new “Crypto Sprint” initiative and aligns with…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Michael Saylor’s $21 million Bitcoin forecast has reignited investor excitement, spotlighting high-upside tokens like Pepeto and XRP in the race for the next crypto breakout. Summary Pepeto is gaining traction with over $5.8m raised in presale, offering zero-fee trading and real utility through PepetoSwap and cross-chain tools. Security first: Pepeto has passed SolidProof and Coinsult audits with no major risks, boosting investor confidence. XRP may still grow, but Pepeto’s early-stage pricing and independent ecosystem give it stronger life-changing potential…
Ethena is holding strong above structural support after a sharp 11.23% rally, showing signs of bullish continuation. With volume rising and price holding key levels, the next stop could be $0.96. Summary ENA confirmed a bullish retest of the $0.47 support with strong volume influx. Price is forming a higher low, maintaining bullish market structure. $0.96 is the next major resistance and upside target if momentum continues. Ethena’s (ENA) recent price action confirms strength as it trades firmly above a critical technical region near $0.47. This level has previously acted as resistance but has now flipped into support, a textbook…
Bitcoin’s recent price moves have closely followed a two-year Fibonacci model. According to analyst CryptoCon, the next logical level could be around $166,000. Summary Bitcoin has consistently followed Fibonacci extension levels since bottoming at $15,500 in late 2022, with key pauses at $30,362, $46,831, $71,591, and $109,236. Crypto analyst CryptoCon projects $166,754 as the next logical level based on the 5.618 Fibonacci extension, which fits the cycle’s prior 52–54% spacing pattern. Institutional demand, particularly from U.S. spot Bitcoin ETFs now holding nearly $150 billion in assets, continues to support upward price pressure. Analysts warn of possible short-term pullbacks, with seasonal…
Nexus Mutual has transferred $250,000 to reimburse users caught in Arcadia Finance’s $3.5 million exploit, marking one of Base blockchain’s first major insurance settlements. The payout arrives as Arcadia’s own recovery plan remains weeks from implementation. Summary Nexus Mutual paid $250,000 to victims of Arcadia Finance’s $3.5 million hack, marking one of Base chain’s first major insurance settlements. The payout offers early restitution ahead of Arcadia’s own delayed recovery plan based on “Recovery Tokens.” On August 4, crypto insurance alternative Nexus Mutual announced it had paid out $250,000 to users impacted by the July 15 Arcadia Finance exploit on Base,…
Grayscale Investments has announced the return of founder Barry Silbert as board chairman in a move that also saw the digital asset manager expand its management team with new board hires. Summary Grayscale founder Barry Silbert has rejoined the company as board chair. The company has also hired four other members to join the management team. Barry Silbert’s return comes as Grayscale prepares for the company’s next phase of growth, according to an announcement. As well as Silbert, Grayscale has added four new faces to its C-suite team, with Diana Zhang as chief operating officer, Ramona Boston as chief marketing…
As RWAs cement themselves as crypto’s second-fastest-growing sector, a who’s-who of fintech and blockchain heavyweights are launching Ascend, a hyper-selective program designed to turn startups into the standard-bearers of institutional adoption. Summary Ascend is a new elite accelerator for real-world asset (RWA) startups with live products and institutional goals. Backed by Odisea, Plume, Galaxy Ventures, and Anchorage Digital, it will admit only 6–8 teams per cohort. According to a press release shared with crypto.news on August 4, Odisea has teamed up with an all-star roster of backers, including Plume, Galaxy Ventures, and Anchorage Digital, to launch Ascend, an accelerator exclusively…
OpenMind plans to create a decentralized operating system for smart machines. Summary OpenMind obtained $20M in funding, led by Pantera Capital Other backers include Coinbase Ventures, DCG, and more The startup plans to create an open-source OS for robotic intelligence Crypto and robotics may soon become a powerful synergy. On Monday, August 4, Pantera Capital led a $20 million funding round in OpenMind. Other investors include Coinbase Ventures, DCG, Ribbit, Lightspeed Faction, Pebblebed, Topology, among others. The firm, whose CEO is Stanford professor Jan Liphardt, is working on FABRIC, creating a decentralized operating system for robots. “If AI is the…