Cryptocurrency
Ongoing coverage on Cryptocurrency.
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GalaSwap Opens Trading on ZRO, SBB, QNT and CARV
GalaSwap has added four new tokens, ZRO, SBB, QNT, and CARV, to its decentralized exchange operating on GalaChain. This expansion continues Gala's strategy of integrating various digital assets onto its platform, positioning GalaChain as a general-purpose utility chain for cross-chain liquidity rather than solely for gaming.
ICON pulls the plug Dec. 31, sealing the last chance to swap ICX for SODA
The ICON Network will cease operations on December 31, 2026, marking the final opportunity for users to swap their ICX tokens for SODA at a 1:1 ratio. Trading and funding for ICX have already stopped on Kraken, with automatic swaps for customers. Holders who self-custody their ICX must manually migrate their tokens before the December 31 deadline to avoid losing them on the defunct network.
Sky Mavis restores Ronin Wallet’s fiat purchase site after lengthy downtime
Sky Mavis has restored the fiat purchase functionality within the Ronin Wallet after an extended period of downtime. The purchase site, which allows users to buy crypto with traditional currency via the +Fund feature, is now operational again. The outage was attributed to necessary updates, with the company providing limited details on the duration or specific providers affected.
Russia’s hardware wallet demand doubles ahead of new crypto rules
Demand for hardware wallets in Russia has doubled ahead of new cryptocurrency regulations set to take effect on September 1, 2024. Retailers M.Video and Wildberries reported significant increases in unit sales, with customers opting for more affordable models. The new framework will restrict crypto transactions to regulated entities and limit retail investor purchases, driving demand for non-custodial wallets to store private keys outside these channels.
How a 5-Second Binance Move Turned Polymarket Settlements Into an $8.2M Payday
Researchers from Stanford University and Singapore Management University have identified that 821 accounts exploited settlement windows on Polymarket's prediction markets, extracting $8.2 million through market manipulation. The exploit involved manipulating prices on Binance during settlement windows to ensure favorable contract resolutions. Polymarket has since updated its settlement mechanics to a time-weighted average price (TWAP) to prevent future manipulation, a change that took months of trader complaints and academic research to implement.
Treasury widens Iran crypto crackdown with sanctions on two more exchanges
The U.S. Treasury has expanded its sanctions against Iran's cryptocurrency activities, designating Shelbit Exchange and Aban Tether for allegedly facilitating illicit financial transactions. These entities are accused of helping Iran move funds beyond conventional banking systems, with Shelbit linked to over $2 million in transactions involving the Islamic Revolutionary Guard Corps. The Treasury aims to dismantle these networks, highlighting that while blockchain offers an alternative for sanctioned states, it also leaves a traceable record.
Trump Media Walks Away From Its CRO Treasury Venture With Crypto.com — And From Most of Its Crypto Plans
Trump Media has abandoned its plans to launch a cryptocurrency treasury venture with Crypto.com and Yorkville Acquisition due to shifting business priorities and market conditions. The company is also scaling back other crypto-related initiatives, including prediction markets within Truth Social. This retreat from crypto comes as Trump Media holds a significant amount of Bitcoin and as crypto legislation faces ethical scrutiny in Washington.
Bitcoin Has Stopped Moving — Traders Are Paying Up Anyway
Despite Bitcoin's price remaining stagnant around $64,700, traders are actively purchasing put options for protection against potential downturns, particularly around the $62,000 and $63,000 levels. This activity, occurring ahead of the U.S. jobs report, suggests a market where demand for insurance is present but underlying conviction is weak, with low implied volatility indicating an expectation of minimal price movement.
Binance.US dangles 8,500 WOD for new sign-ups as World of Dypians livestream nears
Binance.US is offering new customers 8,500 WOD tokens for signing up and making any deposit, an offer valid until August 10. This promotion coincides with a livestream featuring the World of Dypians team. World of Dypians is an MMORPG built on BNB Smart Chain, with WOD serving as its in-game currency.
Bitcoin Refuses to Budge Below $65,000 as Middle East Conflict Widens
Bitcoin remained stable around $64,700 despite deteriorating macro conditions and escalating Middle East conflict. While oil prices climbed due to attacks on Saudi Arabia, bitcoin showed little movement, unlike gold which saw a 1.5% increase. The article suggests focusing on Treasury yields and oil prices as key indicators for future bitcoin movement, rather than the bitcoin chart itself.
Bitcoin Faces Its BIP110 Deadline — Three Ways the Split Could Play Out
The article analyzes three potential outcomes for Bitcoin's BIP110 protocol change, which aims to cap OP_RETURN sizes and reduce data on the blockchain. The author, who believes BIP110 is damaging, outlines scenarios ranging from minimal miner signaling leading to usability issues for Bitcoin Knots users, to widespread signaling that could result in a chain split, or a significant minority signaling that creates two separate, permanent blockchains. The implications for users, including potential naming battles and lack of replay protection, are also discussed.
Pudgy Penguins Teams With LBank on 500,000 USDT Reward Blitz
LBank has launched a 500,000 USDT rewards campaign in partnership with Pudgy Penguins, marking the exchange's first such collaboration with the IP. The campaign includes rewards for futures trading, spot markets, lucky draws, leaderboard contests, and locked earn products, with a significant portion allocated to new users. This initiative aims to introduce Pudgy Penguins to LBank's user base and drive engagement across various trading products.
Hyperliquid’s ETF Inflow Streak Fizzles as Regulated Rivals Move In, JPMorgan Warns
JPMorgan analysts report that Hyperliquid's strong ETF inflow streak has ended, citing increased competition from regulated centralized exchanges offering similar derivatives products. While Hyperliquid has been a standout performer in non-bitcoin crypto funds, the bank warns of significant challenges to its market share. The report suggests focusing on fee revenue rather than ETF headlines to gauge the platform's future performance.
FITFI Collapses to Fractions of a Cent as Step App Pulls the Plug After Four Years
Step App, a prominent move-to-earn project, is shutting down all services on August 21 after four years of operation. The platform's native token, FITFI, plummeted 88% following the announcement, falling to fractions of a cent. Users are urged to unstake tokens and withdraw funds before the deadline to avoid losing their assets.
World of Dypians and AlloX Roll Out $100,000 WOD HODL Rewards Program
AlloX has launched a $100,000 WOD HODL Rewards Program for holders of the WOD token, running from August 5 to September 5, 2026. Participants earn rewards based on their net buy amount, holding duration, and leaderboard position. The program aims to incentivize holding WOD on the BNB Chain, deepening the existing partnership between AlloX and the MMORPG World of Dypians.
Enjin Governance Vote Would Grow Relaychain Validators From 25 to 35
Enjin is holding a governance vote that proposes increasing the number of active validators on its Relaychain from 25 to 35 over the next 12 months. This proposal bundles four separate increases, each scheduled 90 days apart, starting in August 2026. A future review could potentially raise the validator count to 50.
Top BC.Game Crypto Games to Play in 2026
This guide provides fundamental strategies and platform selection criteria for Canadians new to crypto casinos. It highlights the importance of safety, licensing, and bonuses in the growing Canadian online gambling market, expected to reach $8.72 billion by 2030. Key aspects to consider include accepted digital coins, game variety, user interface, mobile compatibility, and customer support, alongside security features and licensing legitimacy.
DeFi Kingdoms to retire DFK Chain on Aug. 28 — bridged tokens left on it are lost for good
DeFi Kingdoms is retiring its DFK Chain on August 28, 2026, migrating the game to Avalanche's C-Chain. Holders of bridged tokens like JEWEL, BTC, ETH, AVAX, and USDC must withdraw them before the deadline, or they will be permanently lost. The project itself is not shutting down, with plans for an SDK for third-party developers.
STEPN GO Marathon Challenge Season 3: Sign-Ups Live With Teams and Missed-Day Insurance
STEPN GO has opened registration for its Marathon Challenge Season 3, running from August 10 to August 24. This season introduces an insurance feature for one missed day and enhanced team dynamics, encouraging consistent player engagement. Participants lock USD to choose reward pools and must spend a minimum of 2 Energy daily in either STEPN or STEPN GO to remain eligible.
Ethereum Researchers Push Plan to Burn Staking Rewards Down to Zero at 60 Million ETH
A group of Ethereum researchers has proposed a plan to gradually burn all staking rewards as more ETH is staked, aiming for net issuance to reach zero when half of the total supply is staked. This proposal, intended to increase scarcity and bolster ETH's valuation, has sparked debate within the cryptocurrency community regarding its economic implications for DeFi and individual stakers. The plan faces a tight deadline for inclusion in Ethereum's upcoming Hegotá network upgrade.
