CME Group’s ETH futures hit record $118B volume in July, up 82% MoM! Open interest jumped 75% to $52.1B. Total ETH futures volume reached $2.12T – a new all-time high. πŸš€ #ETH #futures #CME (The Block) #crypto #blockchain #news
Solana memecoin launchpads are a PumpFun & LetsBonk duopoly. PumpFun typically holds ~80% of the graduated token market share, but LetsBonk saw a surge to ~70% in July. As of Aug 6, PumpFun is back on top with ~75% of new token issuance volume. (The Block) #crypto #blockchain #news
Stripe & Paradigm are building Tempo, a new Layer 1 blockchain focused on payments! πŸš€ It's designed to be compatible with Ethereum & is currently in stealth mode with a small team. (via Fortune) #crypto #blockchain #stripe #paradigm #news
MARA Holdings is reportedly acquiring 64% of AI infrastructure firm Exaion from EDF for $168M, with an option to increase its stake to 75% for another $127M. MARA aims to boost its AI inference capabilities with this deal. (via Bloomberg) #crypto #blockchain #news
Terraform Labs co-founder Do Kwon may plead guilty to fraud charges in the U.S. related to the $40B TerraUSD collapse. A hearing is set for Tuesday where he’ll explain his actions if pleading guilty. Counsel hasn’t commented. - Bloomberg #crypto #blockchain #news
Trump extends US-China trade truce for 90 days, CNBC reports. Tariffs remain at 30% (US) & 10% (China). Rare earth exports to resume during the extension. Initial truce was set to expire this week. #crypto #blockchain #news
Uniswap Foundation creating a new Wyoming legal entity (DUNI/DUNA) to empower its DAO! Enables contracts, compliance & services. $16.5M UNI allocated for taxes/legal & future fees – directed to the DAO treasury, not token holders. 🧡 #crypto #blockchain #news
Coinbase Ventures now holds Toncoin! πŸš€ The TON Foundation sees this as a bullish sign for The Open Network (TON), joining previous investors like Sequoia Capital & Benchmark. Investment size undisclosed. #crypto #blockchain #news
Flash crash on Coinup exchange briefly impacted SOLUSDT trading pair (~22:30-23:00 Beijing time). Price recovered quickly. Wu Blockchain advises caution when choosing exchanges & warns of potential market manipulation risks. #crypto #blockchain #news
Paxos applied for a U.S. federal trust charter from the OCC, shifting from NYDFS regulation. This expands its regulatory footprint alongside existing compliance in Europe, Singapore & Abu Dhabi. #crypto #regulation #blockchain #news