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MicroStrategy Reports Q2 Loss, Plans $2B Stock Sale to Fund Bitcoin Purchases, Holds 226,500 BTC
TradFi & Fintech

MicroStrategy Reports Q2 Loss, Plans $2B Stock Sale to Fund Bitcoin Purchases, Holds 226,500 BTC

MicroStrategy reported a second consecutive quarterly loss, with a net income of -$102.6 million for Q2 2024
BlackRock's Largest Tokenized Fund BUIDL Pays $2.1M in July, Over $7M Since March in Monthly Dividends
DeFi

BlackRock's Largest Tokenized Fund BUIDL Pays $2.1M in July, Over $7M Since March in Monthly Dividends

BlackRock's tokenized fund, known as BUIDL, has achieved significant milestones in its dividend payouts
Arbitrum-based DuelNow Secures $11M Funding Led by SimonYuSEA as Web3 Betting Gains Momentum
DeFi

Arbitrum-based DuelNow Secures $11M Funding Led by SimonYuSEA as Web3 Betting Gains Momentum

Arbitrum-based DuelNow, led by SimonYuSEA, has secured $11 million in funding as the Web3 betting market gains momentum
Sandbox Partners with LayerZero to Expand $SAND to Base, Polygon, and BNB
NFTs & Web3

Sandbox Partners with LayerZero to Expand $SAND to Base, Polygon, and BNB

On August 1, 2024, Sandbox announced its vision for a multi-chain feature, partnering with LayerZero to open interoperability with Base, Polygon, and BNB, with more chains to come
Arthur Hayes' Maelstrom Invests in Bitcoin Ordinals Wallet Oyl and Launches Airheads for Digital Portfolios
NFTs & Web3

Arthur Hayes' Maelstrom Invests in Bitcoin Ordinals Wallet Oyl and Launches Airheads for Digital Portfolios

Arthur Hayes' family office, Maelstrom, has invested in the Bitcoin Ordinals wallet Oyl and collaborated to develop a new series called Airheads
Bybit to Cease Operations in France on August 2 Amid MiCA Regulations
CeFi

Bybit to Cease Operations in France on August 2 Amid MiCA Regulations

Bybit, the third largest offshore cryptocurrency exchange, has announced that it will cease its services and product offerings in France
Bitcoin Short Squeeze Looms as $5 Billion in Shorts Could Be Liquidated at $72,000, $4 Billion at $73,000
Markets

Bitcoin Short Squeeze Looms as $5 Billion in Shorts Could Be Liquidated at $72,000, $4 Billion at $73,000

If Bitcoin reaches $72,000, approximately $5 billion worth of short positions will be liquidated, potentially triggering a massive short squeeze
Crypto Whales Prepare for Altcoin Rally as Limit Buy Orders Surge for Solana, Polygon, Cardano; XRP and Chainlink Struggle
Markets

Crypto Whales Prepare for Altcoin Rally as Limit Buy Orders Surge for Solana, Polygon, Cardano; XRP and Chainlink Struggle

Recent insights from Ki Young Ju, founder of CryptoQuant, indicate that cryptocurrency whales are preparing for an impending altcoin rally
Telegram Launches 'TON Sites' In-App Browser for Decentralized Websites, Available on Mobile and Desktop for 1 Billion Users
NFTs & Web3

Telegram Launches 'TON Sites' In-App Browser for Decentralized Websites, Available on Mobile and Desktop for 1 Billion Users

Telegram has launched a new in-app browser feature called 'TON Sites' that enables users to access decentralized websites hosted on the Open Network (TON)
BIS and Bank of England Launch Project Pyxtrial for Real-Time Stablecoin Reserve Monitoring
Regulation & Politics

BIS and Bank of England Launch Project Pyxtrial for Real-Time Stablecoin Reserve Monitoring

The Bank for International Settlements (BIS) and the Bank of England have launched Project Pyxtrial, a proof-of-concept system aimed at monitoring the reserves of asset-backed stablecoins and tokenized assets