MEXC Ventures has taken a strategic bet on Indonesia’s growing crypto market, investing in crypto exchange Triv at a $200 million valuation. Key Takeaways: MEXC Ventures invested in Triv at a $200M valuation to grow its Southeast Asia footprint. Triv is one of Indonesia’s oldest licensed exchanges, operating under OJK and BAPPEBTI. The funding will…
CBDC-themed fraud is on the rise in Russia, the country’s Central Bank has warned, as Moscow prepares to start paying digital ruble pension benefits. TASS (via Mail.ru Finance) reported that the bank’s Rostov Oblast branch has issued an official warning. It says that fraudsters are “actively using the digital ruble and contactless payment technologies” to…
Talk of an altcoin season has resurfaced in early August, even as the Altcoin Season Index remains below the 75-point threshold. Traders are watching for tokens that combine active ecosystems with liquidity, and three names—Hyperliquid, Pump.fun, and Conflux—are coming up in that conversation. While Bitcoin dominance remains above 60%, selective altseason rotations are still putting…
Verb Technology Company, Inc. (Nasdaq: VERB) is set to become the first publicly listed company to adopt Toncoin ($TON) as a core treasury asset, following the announcement of an upsized and oversubscribed private placement expected to generate $558 million in gross proceeds. The PIPE (private investment in public equity) deal involves the sale of approximately…
Several companies have continued building altcoin treasuries this week, particularly focusing on Solana and Ethereum. Both these tokens are seeing intensified corporate interest as the market diversifies. GameSquare spent $10 million on ETH today after revealing $200 million in holdings over the weekend, while Bitmine stockpiled over $2.9 billion worth. Meanwhile, SOL is also becoming…
The crypto market just closed its first red weekly candle after five consecutive green ones. Profit-taking pressure following the recent rally is fueling short-term pessimism, as seen on the liquidation maps of several altcoins. In this context, a few altcoins are showing a high risk of triggering liquidations for derivatives traders in early August. Which…
A rouble-pegged stablecoin, launched earlier this year to facilitate Russia’s cross-border payments, has crossed $40 billion in total transaction volume. Key Takeaways: Rouble-backed stablecoin A7A5 has processed over $40 billion in transactions. Launched in Kyrgyzstan, A7A5 is being used to bypass Western sanctions. Analysts warn the coin may support dual-use goods trade between Russia and…
Digital asset investment products recorded $223 million in outflows last week, snapping a 15-week streak of inflows. Key Takeaways: Digital asset products saw $223M in outflows, ending a 15-week inflow streak. Rate hike fears and macro volatility triggered over $1B in investor withdrawals by Friday. Bitcoin led outflows, while Ethereum and XRP continued to attract…
Crypto inflows contracted to $223 million last week, cutting short the potential to reach $1 billion after the trajectory earlier in the week had made it possible. It followed a series of US economic signals, including the FOMC, with macro data coming in better than expected. Crypto Inflows Near $1 Billion but Macro Data Reversed…
Trump Media has formally outlined its intention to launch a Truth-branded utility token and digital wallet, according to a new filing with the U.S. Securities and Exchange Commission (SEC). Key Takeaways: Trump Media plans to launch a Truth-branded token and digital wallet as part of a new rewards program. The token may see expanded use…