Ethereum
The number of staked ETH has crossed a record level of 34 million amidst outflows from ETH ETFs stemming from Grayscale’s large fee rate as well as investor’s opportunity cost of not staking, per Nansen and a Dune dashboard by Hildobby.
Business
The Appellate Court of Montenegro has ruled that Do Kwon should be extradited to South Korea because their request came in earlier than the one from the US.
In a tweet thread, ParaFi Capital, the biggest investor in the prediction market, said the majority of first-time users participated in non-election-related markets.
The crypto exchange released its Q2 financials on Thursday and acknowledged lower spot trading volumes but also celebrated achieving better crypto regulatory clarity and becoming the crypto ETF custodian of choice.
Tether’s attestation report disclosed the stablecoin issuer made $5.2 billion in profit in the first half of the year, and owns $97.6 billion worth of US Treasuries.
The Mt. Gox Trustee said 17,000 creditors have successfully been repaid through designated crypto exchanges in July.
Bitcoin
With the price of bitcoin rebounding from its recent low of around $54,000 to roughly $66,500 at presstime, outflows from miners have decreased.
DeFi
Starknet faces significant challenges with STRK hitting an all-time low and TVL and usage declining.
Solana
Following its mainnet rollout in February 2024, Pump.Fun’s revenue has increased with each successive month.
Regulation
The SEC said in a new filing in its case against Binance that it plans to abandon charges that “third-party tokens” should be considered unregistered securities. But just how meaningful is the SEC’s apparent change of heart?
