Bitcoin is trading at $56,000, up 13% from yesterday’s intraday low of $49,200.

Blast’s USDB recovered from a de-peg event and Tether dominance rose by 7%.

The Bank of Japan’s 0.25% hike surprised investors and caused a domino effect of massive proportions.

Nomad bridge and PancakeBunny hackers are buying ETH.

The fund will allegedly fight FUD, invest more, and provide liquidity.

The ongoing crypto selloff comes as miners are still feeling the pinch from the Bitcoin halving in April.

Tory Green is the Co-Founder and CEO of io.net, which is a decentralized computing network to power to ML applications and a prominent project in the DePIN category. Their primary mission is to unlock fair access to computing power by assembling over 1 million GPUs from independent data centers, crypto miners, and projects like Filecoin and Render, aiming to decentralize the AI stack and reduce big tech's dominance in the AI industry. They recently made headlines when their CEO stepped down just days before their token launch. In this episode, Tory shares the behind-the-scenes details of this departure and provides an in-depth look into everything io.net.

DeFi lending protocols processed more than $341 million worth of liquidations on Aug. 5.

The trading firm has transferred $277 million of ETH to exchanges over the past 10 days amid a deepening selloff across crypto markets.

Many major cryptocurrencies have plummeted to 6-month lows after Bitcoin cratered 11% in the past 24 hours.