Following the cycle low in November 2022, capital has progressively shifted towards the leading cryptocurrencies at the top of the digital asset risk curve. Bitcoin, for one, has seen its dominance expand once again as a certain cohort of holders continued to support the growth. However, the same cannot be said for other crypto assets.…
TLDR: Cardano (ADA) has fallen out of the top 10 cryptocurrencies by market cap Tron (TRX) has replaced Cardano in the top 10 list ADA has seen significant price declines in recent months Tron has shown growth in market cap and DeFi activity Overall cryptocurrency market is experiencing a correction Cardano (ADA) has fallen out…
[PRESS RELEASE – Singapore, Singapore, August 21st, 2024] At the Web3 Summit in Berlin today, SubQuery made a major announcement, unveiling its newest innovation: decentralized AI inference hosting. In a live demonstration, SubQuery’s COO, James Bayly, showcased how the latest LLama model operates across a fully decentralized network of Node Operators on SubQuery’s internal test…
TLDR: Midjourney launches new unified AI image editor on web New editor includes precision inpainting brush tool Features like inpainting and canvas extension now in single interface Message mirroring introduced between web and Discord communities Update comes amid ongoing copyright lawsuit against Midjourney Midjourney, a leading AI image generation platform, has introduced a new unified…
TLDR: Harris proposes raising corporate tax rate to 28% from 21% This would partially reverse Trump’s 2017 tax cuts The move aims to fund Harris’ economic proposals It could reduce the deficit by $1 trillion over a decade Trump has vowed to make his tax cuts permanent and potentially lower rates further Vice President Kamala…
TLDR: Notorious MEV bot “jaredfromsubway.eth” has relaunched with improved tactics New bot uses more sophisticated multi-layered sandwich attacks on DeFi protocols Bot has processed over 85,000 transactions, generating around 765 ETH (~$2 million) New attacks involve manipulating liquidity in Uniswap V3 pools Activity raises concerns about ongoing threats to DeFi users and protocols The notorious…
TLDR: State Street partners with Taurus to enhance digital asset services Collaboration aims to offer tokenization and digital custody solutions Partnership leverages Taurus’ products: Taurus-Protect, Taurus-Capital, and Taurus-Explorer State Street to automate issuance and management of digital assets Digital custody services subject to regulatory approval State Street, a leading global financial services provider, has announced…
Bitcoin’s adventure above $60,000 was short-lived once again, as the asset dumped below that level yesterday and has remained there ever since. Most altcoins have followed BTC’s example by charting daily drops. In contrast, TRX has soared to over $0.16. BTC Below $60K Again After last Thursday’s massive correction that drove bitcoin to a multi-day…
TLDR: Kamala Harris supports Biden’s proposal for a 44.6% capital gains tax The proposal includes a 25% tax on unrealized gains for high-net-worth individuals Harris also proposes increasing the corporate tax rate to 28% The Democratic Party platform calls for a 25% minimum tax on billionaires These tax proposals face significant challenges for implementation Vice…
Roman Ziemian, co-founder of the cryptocurrency platform Futurenet, was arrested in Montenegro for allegedly orchestrating a $21 million cryptocurrency fraud scheme. The arrest was part of an international law enforcement operation involving Montenegrin authorities and Interpol. Ziemian, who was living under a false identity in Podgorica, now faces potential extradition to either Poland or South…