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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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Tokyo Beast, a mobile combat game on Ethereum layer-2 network Immutable zkEVM, will shut down on August 24 due to operational cost challenges. The token's value plummeted 96% since launch, now at $0.006. Tokyo Beast's developers will compensate for NFT owners and some TGT token holders.
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MARA, the top Bitcoin miner, plans to raise $850 million through a private sale of convertible senior notes to buy more Bitcoin. Despite the announcement, the firm's stock experienced a sharp decline in value. With 50,000 BTC on its balance sheet, MARA is the second-largest corporate holder of Bitcoin.
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Bitwise Chief Investment Officer Matt Hougan predicts Ethereum will continue to rise due to high demand surpassing supply, with $20 billion expected to be invested in the asset over the next year. The recent surge in Ethereum's price is attributed to the growing interest in Ethereum exchange-traded products and the rapid expansion of ETH treasuries.
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BNY Mellon and Goldman Sachs are collaborating on a tokenized money market product to enhance the transferability of money market fund shares. The product will allow fund managers to subscribe to MMF shares via BNY’s platform, mirrored as tokens on Goldman Sachs's Digital Asset Platform.
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Eli and Kaitlyn Regalado, a Colorado pastor and his wife, face 40 felony charges for a multi-million-dollar crypto scam targeting their Christian community. The couple allegedly pocketed $1.3 million for personal luxuries while promoting INDXcoin through their church.
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XRP now exceeds companies like PepsiCo, AT&T, and Uber in market capitalization, now ranking as the 91st largest asset globally. Despite recent legal battles, XRP has seen a significant surge in value, surpassing BlackRock, Boeing, and Nike.
Forbes
The bitcoin price has doubled in the past year, with Tesla holding over 10,000 bitcoins worth $1.3 billion. Elon Musk's comments and SpaceX's bitcoin movements have caused market fluctuations.
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A federal crypto fraud case involving a Nigerian scammer impersonating a Trump associate targeted MoonPay executives, leading to a temporary sealing of the entire docket. The FBI has recovered a portion of the stolen funds with Tether's help, while former prosecutors find the situation unusual.
Forbes
The comparison of AI to modern Promethean fire is relevant for crypto, as blockchain can solve AI's trust issues. However, granting AI direct access to sensitive operations poses security risks, with some startups experimenting with autonomous agents for financial transactions without human oversight.
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Kitabo Co., Ltd., a Japanese textile company, plans to purchase up to $5.4 million in Bitcoin to stabilize its financial position after years of losses. The company aims to gradually acquire Bitcoin using dollar-cost averaging, marking its entry into the cryptocurrency and real-world asset business.