Eye-scanning crypto projects pose national security risks, China warns
China’s security agency warned that biometric data collection by crypto firms, including iris scans, may endanger personal privacy and be exploited for espionage.
Hyperliquid revenue surges as it takes users from Solana: VanEck
Hyperliquid’s derivatives platform drove 35% of blockchain revenue in July, capturing high-value users from struggling Solana.
Solana treasury race heats up as firms hunt staking rewards
Three public companies increased their Solana holdings this week, as BitGo speculated that firms are buying Solana to stake it and earn rewards.
Binance founder Changpeng Zhao seeks dismissal from $1.8B FTX lawsuit
Changpeng Zhao has asked to dismiss a lawsuit from FTX seeking to recover $1.8 billion the bankrupt crypto exchange said it used in a share repurchase deal.
Indonesia is exploring a national Bitcoin reserve, says local group
Bitcoin Indonesia said it recently pitched Bitcoin to the Vice President’s office and explored Bitcoin mining as a national reserve strategy.
Bitcoin may still have steam for $250K this year: Fundstrat’s Tom Lee
Fundstrat managing partner Tom Lee says Bitcoin should hit $1 million “over time” and isn’t ruling out $250,000 for 2025.
SEC’s crypto pivot has ‘not been priced in’ — Bitwise CIO
Bitwise chief investment officer Matt Hougan remarked on coming across “the most bullish document I’ve read on crypto.”
Binance futures volume hits 6-month high amid Bitcoin volatility
Crypto derivatives volumes surged across major exchanges last month, with Binance leading at $2.55 trillion.
Bitcoin dip to $112K lacks whiff of altcoin summer: Bitfinex
The performance of the altcoins this week suggests “rapid derisking across the high-beta segments” of the crypto market.
Crypto exec to pay $10M to settle SEC claims over betting on TerraUSD
The founder of the lending firm MyConstant agreed to pay over $10 million to the SEC to settle claims he stole millions to buy the now-collapsed Terra stablecoin.