The XRP Ledger, the blockchain behind the world’s third-largest cryptocurrency, has come under scrutiny after ranking last in a new security assessment from blockchain analytics firm Kaiko. Key Takeaways: XRP Ledger ranked last in Kaiko’s security assessment with a score of 41 out of 100. A hack in April exposed vulnerabilities in XRPL’s software supply…
Digital asset investment products recorded $3.75 billion in inflows last week, the fourth-largest on record, signaling a sharp rebound in institutional appetite after weeks of muted sentiment. Key Takeaways: Crypto investment products drew $3.75B in inflows last week, pushing AuM to a record $244B. Ethereum dominated with $2.87B, outpacing Bitcoin’s $552M and setting a new…
Electric vehicle startup Faraday Future is pivoting toward digital assets with plans to build a $30 million crypto treasury and explore tokenized vehicle sales. Key Takeaways: Faraday Future will launch a $30M crypto treasury and aims to expand holdings up to $1B. The EV firm plans tokenized car sales through its upcoming “EAI Vehicle Chain.”…
A self-styled crypto influencer has been sentenced to one year and one day in prison for orchestrating a large-scale cryptojacking scheme that defrauded major cloud computing providers of more than $3.5 million in resources. Key Takeaways: Crypto influencer Charles O. Parks III was sentenced to one year and a day for a $3.5M cloud cryptojacking…
The community behind Qubic, an AI-focused blockchain project, has voted to target Dogecoin (DOGE) with its next 51% attack, just days after successfully taking majority control of the Monero (XMR) network. Key Takeaways: Qubic’s community voted to target Dogecoin next after claiming majority control of Monero’s network. The Monero takeover forced Kraken to suspend deposits,…
Wellgistics Health is introducing an XRP Ledger–based payment system to thousands of pharmacies across the United States, marking one of the first large-scale blockchain deployments in the healthcare sector. Key Takeaways: Wellgistics is rolling out an XRP Ledger payment system to over 6,500 pharmacies and 200 manufacturers in the U.S. The platform enables instant, low-cost…
Crypto exchange Kraken has suspended Monero (XMR) deposits after confirming that a single mining pool gained control of more than half of the network’s hashing power, raising serious security concerns. Key Takeaways: Kraken halted Monero deposits after one mining pool, Qubic, claimed control of over 50% of the network’s hashrate. Monero developers pushed back, while…
Grayscale is pushing ahead with its bid to launch a Dogecoin exchange-traded fund, revealing the ticker “GDOG” in its latest US Securities and Exchange Commission filing. Key Takeaways: Grayscale has filed to convert its Dogecoin Trust into an ETF under the ticker GDOG on NYSE Arca. The SEC is reviewing multiple crypto ETF applications amid…
Gemini has filed an S-1 with the US Securities and Exchange Commission, aiming to go public on the Nasdaq Global Select Market under the ticker GEMI. Key Takeaways: Gemini has filed to list on Nasdaq under ticker GEMI, with major Wall Street banks leading the IPO. The company faces mounting losses, posting a $282.5 million…
Altcoin market capitalization (TOTAL3 – excluding BTC and ETH) surpassed $1.1 trillion in the second week of August. It now needs less than a 10% increase to set a new all-time high. In this context, several altcoins have seen a sharp drop in exchange reserves, reflecting accumulation and long-term holding activity. Most reports and analyses…