Wisconsin legislators are making a renewed push to rein in cryptocurrency kiosks, filing a second bill in two weeks aimed at curbing fraud tied to the machines. Key Takeaways: Wisconsin lawmakers have introduced twin bills to regulate the state’s 582 crypto kiosks. FinCEN reported a 99% surge in kiosk-related scams in 2024, with losses reaching…
Heritage Distilling Holding Company, a US-based craft distillery, saw its stock (CASK) drop by 28.25% after revealing plans to create a $360 million Story (IP) reserve. With this move, Heritage becomes the first Nasdaq-listed company to make IP, the native token of Story Protocol, as its primary reserve asset. Story Protocol is a layer-1 blockchain…
ZORA, the native token powering the trending blockchain-based social creator platform, has continued its surge, posting an overnight 55% rally that pushed the price to a new all-time high of $0.1409. While the token has since pulled back to $0.126 at the time of writing, the latest momentum has propelled ZORA to gains exceeding 1,500%…
As the second week of August begins, the total crypto market capitalization has surpassed $4 trillion, officially setting a new all-time high. With trading sentiment improving, bullish expectations deepen the imbalance between long and short positions. As a result, some altcoins could face significant liquidations this week if prices move against the expectations of short-term…
Interest in the selective altcoin season is back. Traders are scanning for projects that pair liquid markets with visible usage. Ethena, Pump.fun, and Hyperliquid sit in that mix today. Each has an active token, steady volume, and a clear role in its corner of crypto. Ethena (ENA) Ethena’s token trades near the center of a…
According to reports, an Argentine Ethereum developer known online as “Fede’s Intern” was detained in Izmir after Turkish authorities said he helped people “misuse” the Ethereum network. He denies any wrongdoing and says his work is focused on building blockchain infrastructure. On Aug. 11 he told followers on X that authorities had informed his lawyer…
Chinese fintech heavyweight Ant Group has dismissed speculation that it is collaborating with the People’s Bank of China (PBoC) to issue a rare earth-backed RMB stablecoin. Key Takeaways: Ant Group denied working with the PBoC on a rare earth-backed RMB stablecoin. Regulatory restrictions keep Chinese firms’ stablecoin efforts focused on overseas markets. Authorities have tightened…
ASX-listed digital asset investment manager DigitalX Limited has pushed back against suggestions it breached internal trading rules after the exchange queried director Ieva Guoga’s recent share purchases and her dealings with major shareholder Antanas “Tony G” Guoga, her father. Key Takeaways: The ASX queried DigitalX over director Ieva Guoga’s 3 million share purchase ahead of…
S&P Global Ratings has issued a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, in the first-ever rating by a major credit agency for a decentralized finance (DeFi) platform. Key Takeaways: S&P Global gave Sky Protocol a first-ever B- credit rating for a DeFi platform. The agency flagged risks including high…
A fresh report by the Korean Center for International Finance (KCIF) states that South Korean nationals who invest in overseas stocks have increasingly pivoted to crypto-tied shares, particularly stablecoins. Retail Korean investors purchasing U.S. big tech shares dropped from a monthly average of $1.68 billion between January and April to $440 million in May, the…