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P2P.me, backed by Coinbase Ventures and Multicoin Capital, apologized for using Polymarket to speculate on its fundraising round, admitting it caused confusion and hurt trust. The company made less than $15,000 in profits but acknowledged the negative impact of its actions.
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Polygon faced an hour-long outage due to a validator leaving the network, causing a disruption in chain progression. This incident impacted user confidence and highlighted the importance of network stability for blockchain platforms like Polygon.
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The U.S. Department of Justice has retracted plans to pursue charges against Dragonfly for investing in Tornado Cash. The DOJ clarified that Dragonfly and its principals are not targets in the investigation, following overwhelming support from the crypto community.
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Bitcoin, Ethereum, and XRP prices dipped ahead of the Federal Open Markets Committee's monetary policy decision. The global crypto market cap dropped 5.4% to $3.9 trillion in the past day, with analysts closely monitoring the U.S. Fed and employment figures for Q3 predictions.
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Zora, a token launchpad on Coinbase’s Ethereum layer-2 network Base, created a record-breaking 51,575 tokens in a single day, surpassing Solana's Pump.fun and LetsBonk. This surge marks the first time since early 2023 that a chain has outpaced Solana in token launches.
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Kraken, a major cryptocurrency exchange, is reportedly planning to raise $500 million in a funding round at a $15 billion valuation. The news comes after the U.S. SEC dismissed a lawsuit against Kraken in 2025, paving the way for potential IPO plans.
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Ethereum remains steady amid Bitcoin's decline, inching closer to $4,000 with bullish market conditions. Analysts predict a potential climb to $5,000, fueled by factors like ETF staking approval and institutional interest.
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Visa has processed over $200 million in stablecoin settlements, with CEO Ryan McInerney expressing optimism about the technology's potential. The company is awaiting clearer regulatory guidelines before scaling further, despite strong financial performance in Q2 2025.
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Bitcoin and the broader crypto market remained stagnant despite diplomatic discussions between the U.S. and China in Stockholm. The U.S.-China trade outlook remains uncertain, with a potential meeting between President Trump and President Xi Jinping hinted at.
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Strategy, led by Michael Saylor, completed a $2.5 billion equity raise with STRC, a perpetual preferred stock paying a 9% monthly dividend. This move increased their Bitcoin holdings to 628,791 BTC, valued at over $74 billion.
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The Nym protocol token surged 12% due to a 6,000% increase in UK VPN demand following the Online Safety Act. This act mandates age checks on adult websites, with penalties for non-compliance.