DeepNewz

Markets
Solana and Ethereum Pair Hits New All-Time High at 0.0588, Up 55%
Solana (SOL) and Ethereum (ETH) have reached a new all-time high in their market cap pairing

TradFi & Fintech
CoinShares Q2 Revenue Surges 110% to $28.5M Driven by FTX Claim Sale; Euro Stablecoin Market Booms Under MiCA
CoinShares, a digital asset manager, reported a significant 110% increase in Q2 2024 revenue, reaching $28

NFTs & Web3
Aleph Launches August 5, 2024, in Buenos Aires as Month-long Initiative to Position Argentina as Crypto Nation
Aleph, a month-long pop-up city initiative, officially launched in Buenos Aires on August 5, 2024

DeFi
PancakeSwap Unveils Multichain Gamified Quest Platform for DeFi in Beta
PancakeSwap, a leading decentralized exchange (DEX), has unveiled a new platform called 'PancakeSwap Quest

People
Senator Warren Urges CFTC to Ban Political Betting Contracts Amid $500M Polymarket Bets
Senator Elizabeth Warren, along with other Democratic lawmakers, is urging the Commodity Futures Trading Commission (CFTC) to finalize a ban on political betting contracts

Regulation & Politics
SEC Pushes Back Against Coinbase's Subpoena Requests for Gary Gensler's Emails
The Securities and Exchange Commission (SEC) is pushing back against Coinbase's subpoena requests for documents related to SEC Chair Gary Gensler

Markets
Digital Asset Investment Products Face $528 Million Outflows, Including $400 Million in Bitcoin and $146 Million in Ethereum
Digital asset investment products experienced significant outflows totaling $528 million last week, marking the first decline in four weeks, according to CoinShares

DeFi
Pendle Finance Launches PT-weETH and PT-sUSDe, Offers 12% APY on Ethereum, and Sees 40% Price Surge
Pendle Finance has announced the launch of its principal tokens (PTs), specifically PT-weETH and PT-sUSDe, on the Term Structure platform, enhancing the utility of yield tokens

TradFi & Fintech
ARK Invest's Cathie Wood Buys $17.8M in Coinbase, $11.2M in Robinhood, 176,963 Amazon Shares Amid Market Slump
ARK Invest, led by Cathie Wood, made significant purchases during a recent market downturn on August 5, 2024

DeFi
Ethena's USDe Stablecoin Faces $100 Million in Redemptions Amid Stress Test, Maintains 101% Reserve
Ethena's USDe stablecoin has experienced nearly $100 million in redemptions this week, marking a significant stress test for the synthetic dollar





