Cango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss
Cango scaled back its mining fleet in the second quarter as revenue fell and the company focused on efficiency.
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Bitcoin and gold move in lockstep as debasement trade gains more steam
Bitcoin's 90-day Pearson correlation coefficient with gold hits all-time high while the Fear and Greed Index sits at 68.
Silhouette debuts RFQ trading for xStocks on Hyperliquid
Silhouette launched RFQ trading for xStocks on Hyperliquid, allowing market makers to compete for tokenized equity trades settled onchain.
Ethena launches Ethena Pay app on Avalanche, offering up to 6% yield and 10% cashback
Ethena Labs has launched the beta of Ethena Pay, a new self-custodial money app built on Avalanche, across 48 countries.
Bitcoin defies oil price spike and rising Fed hike bets after best August since 2017
Bitcoin has held up despite higher oil prices and growing expectations for a September Fed rate hike, with Friday's jobs report next in focus.
Binance adds options on 1,000 US stocks and ETFs as monthly TradFi perpetual volume hits $433 billion
TradFi perpetual futures volume reached approximately $433.4 billion on Binance in August, up roughly 15 times since January.
Kraken parent Payward to tokenize 100 London-listed stocks, with LSE 24 trading planned
Payward will tokenize 100 London-listed stocks as xStocks, with LSE 24 to support trading, subject to regulatory approval.
Strategy hits back at MSCI proposal, calling it ‘discriminatory’ against DATs
MSCI opened a new consultation targeting companies that have operating assets lower than 50% of its total assets.
Ark Invest buys $37 million worth of shares in Jack Dorsey’s Block Inc
Last month, Ark had purchased a bulk of Block shares after its second-quarter results that raised its full-year profit forecast to $12.5 billion
DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL
The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.
Robinhood Chain hits record $989 million in daily DEX volume as TVL grows
Robinhood Chain DEX volume hit a record in the month of August as utility tokens gain ground on memecoins.
Solana fees hit record as validators double pace of inflation cuts
Less new supply of SOL will reach the market every year, which also means validators will earn less for the same amount of work.