Crypto News
Stablecoin Provider Paxos to Pay $26.5M Fine to Settle Charges Related to Binance
Paxos worked with Binance to issue Binance USD, but didn't do sufficient due diligence, New York's top financial regulator said.Source link
BNB Climbs Then Retraces Amid $500M Treasury Push
BNB hovered near $780 after a sharp rally earlier in the day gave way to selling pressure.The cryptocurrency advanced roughly 1.3% over the past 24-hour period, with a small pullback over the last few hours. The token is now hovering around $776.Earlier in the session, a surge in trading volume pushed BNB to a local high of $778, testing resistance levels that haven't been breached in recent weeks. The move was short-lived.A rapid sell-off followed, pulling the price lower and trimming gains made during the advance, according to CoinDesk Research's technical analysis model.The move comes amid a wave of corporate adoption that recently saw CEA Industries close a $500 million private placement to further its BNB treasury strategy.The broader context...
Ripple to Boost Stablecoin, XRP Payment Services With $200 Million Rail Acquisition
The acquisition follows Ripple’s application for a banking license in July.Source link
Dormant No More: 3,000 BTC From 2015 Quietly Resurface
On Aug. 7, at block height 908992, a major whale finally stirred, moving a hefty 3,000 bitcoins—valued at more than $348 million—that had been sitting untouched since 2015. It was the first time these coins had budged in 9 years and 273 days. Mystery Whale Moves $348M in BTC as 30 Old Wallets Reactivate ASource link
ProShares Debuts ‘Ultra CRCL’ ETF, Letting Traders Double Down on Circle Stock
Exchange-traded fund (ETF) provider ProShares has launched a new product that aims to double the daily performance of Circle’s (CRCL) stock, giving traders a way to make leveraged bets on one of the most prominent companies in crypto finance.The ProShares Ultra CRCL ETF (CRCA) began trading Thursday, just weeks after Circle went public on the New York Stock Exchange (NYSE). Since then, Circle shares have jumped 134%, driven in part by growing adoption of its USDC stablecoin and recent legislative support for digital payments.Circle is best known as the issuer of the stablecoin USDC and also supports tokenized assets, blockchain developer tools and a payment network that spans more than 185 countries, TK said.The ETF arrives at a time when...