South Korean stablecoin outflows top $367M in June: Report
Stablecoins have been flowing out of South Korean exchanges for 18 consecutive months as regulators weigh tighter oversight of crossborder crypto activity.…
Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn
Galaxy research head Alex Thorn warned that unconfirmed transactions may give some Coldcard users a narrow opportunity to save their funds. Source:Cointelegraph
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Coldcard exploit sparks Bitcoin flight, ‘bullish’ crypto consolidation: Hodler’s Digest, August 2
The “sickening” loss of $90 million of Bitcoin from cold storage weighs heavily on sentiment, as the Clarity Act stalls with just five days left to hold a…
Counting down the days: State of Crypto
The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of…
The future of crypto payments won't include on-ramps or bridges, Fun CEO says
Alex Fine said standalone crypto payment rails are becoming obsolete as platforms shift toward unified funding flows that abstract away blockchain complexity…
Strategy leaves preferred STRC dividend at 12% as price still below par
Investors have previously benefited from a payout boost when the preferred STRC shares traded well below their $100 par value for a month. Source:Cointelegraph
S&P 500 profit growth is getting even wilder as Amazon makes its mark
Amazon is the latest Big Tech company to report abnormally large earnings growth, thanks to paper gains on Anthropic investments. Source:MarketWatch
The reverse bridge: Crypto meets Wall Street using perps
Crypto exchanges built perpetual futures for digital assets. Now they are using them to offer 24/7 exposure to stocks, commodities and indexes. Source:CoinDesk
Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges
The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the…
Investors are rotating into financial stocks. The Fed’s next move could determine how far the rally runs.
Financial stocks have been among the market’s best performers this month. The Fed’s next move, however, may determine how much further the rotation can run.…