August 2024 - Crypto News And Market Updates

Bitcoin shown as a dominant global asset against a modern cityscape, representing expectations for Bitcoin’s role in the financial system by 2026.

Xapo Bank and Hilbert Capital to Launch $200 Million Bitcoin-Denominated Hedge Fund

August 27, 2024 Gonzalo

Xapo Bank and Hilbert Capital unveil a $200m Bitcoin-denominated hedge fund, targeting institutional investors with lower fees and strategic growth potential.

NEAR Protocol themed illustration showing AI confidential computing, secure data processing, and privacy-focused blockchain technology

SxT Labs Secures $20M in Series A Funding to Revolutionize Blockchain and AI Integration

August 27, 2024 Gonzalo

SxT Labs secures $20M in Series A funding led by Framework Ventures to enhance blockchain and AI integration through innovative data verification tech.

Real-world asset tokenization illustration showing digital assets connected to global markets, representing the tokenization of traditional financial assets on blockchain.

Echelon Secures $3.5M in Seed Funding to Advance DeFi Lending and Real-World Asset Strategies

August 27, 2024 Gonzalo

Echelon raises $3.5M to expand DeFi lending, focusing on real-world assets and Move-based ecosystems with support from Amber Group and key partners.

Illustration representing a core blockchain network with interconnected nodes, data blocks, and secure infrastructure.

Bitpanda and CoinMENA Partner for Strategic Crypto Expansion in MENA Region

August 26, 2024 Gonzalo

Bitpanda and CoinMENA’s partnership aims to enhance crypto trading and expand digital assets, positioning MENA as a central hub for global crypto innovation.

Crypto security illustration showing a shield and warning symbols, representing scam prevention and protection in the crypto space.

WazirX Opens Partial INR Withdrawals Following Recent Hack

August 26, 2024 Gonzalo

WazirX reopens partial INR withdrawals for eligible users, reduces fees by 60%, following a major hack. Full access to funds remains pending.

Illustration showing Binance exchange visuals with market data overlays, representing projected crypto listings and market analysis for 2025.

Binance to List First Bank-Backed MiCA-Compliant Stablecoin, Eurite (EURI)

August 26, 2024 Gonzalo

Binance lists Eurite (EURI), a MiCA-compliant stablecoin by Banking Circle. Trading begins on August 28 with a zero-fee promotion for trading pairs.

Polygon Recovers Discord Server After $145K Hack: What You Need to Know

August 25, 2024 Gonzalo

Polygon Discord server was hijacked for three hours causing a $145K loss. Learn how the breach was detected and resolved, raising concerns over crypto security.

Illustration depicting RedStone oracle infrastructure connected to BNB Chain data feeds.

BNB Smart Chain DEX Volume Surges, Temporarily Flips Solana

August 25, 2024 Gonzalo

BNB Smart Chain’s DEX volume surged by 40%, briefly overtaking Solana, driven by strong performance on PancakeSwap and rising BNB token prices.

Illustration showing Elon Musk speaking during an X platform discussion related to technology and markets.

Elon Musk’s X Reveals Shareholder List Including Bill Ackman

August 25, 2024 Gonzalo

Elon Musk’s X reveals its shareholder list, including Bill Ackman, Binance, and more, following a court order, unveiling major tech industry backers.

Illustration showing a symbolic representation of Satoshi Nakamoto with Bitcoin coins, emphasizing anonymity and the origins of Bitcoin.

China Extradites Suspect in $14 Billion Cryptocurrency Pyramid Scheme from Thailand

August 24, 2024 Gonzalo

China extradites Zhang, suspect in $14 billion crypto pyramid scheme, from Thailand, marking a major victory in the global fight against financial crime.