Galaxy Digital Stock Tokenized on Solana Blockchain

Galaxy Digital, the cryptocurrency investment firm founded by Mike Novogratz, has tokenized its publicly traded stock, positioning the shares for use within decentralized finance (DeFi) as institutional interest in tokenization grows. The company said Wednesday that its Class A common shares, listed on both Nasdaq and the Toronto Stock Exchange under the ticker GLXY, can…

Illiquid ETH, Bullish Futures Pave Possible Path To $5.5K

Key takeaways: More than 70% of the Ether supply is staked, underpinning a longer-term bullish environment. Ether whales added more than 411,000 ETH in August. Binance ETH futures open interest remains above $8.4 billion despite the $4,300 retest. Ether (ETH) surged to an all-time high of $4,950 in August, fueled by broad market momentum and…

US Regulator Grants Polymarket Relief on Event Contract Reporting Rules

The US Commodity Futures Trading Commission (CFTC) said it will not pursue enforcement against two entities tied to prediction platform Polymarket. In a Wednesday notice, the CFTC said it had issued a no-action letter “regarding swap data reporting and recordkeeping regulations for event contracts” with QCX LLC and QC Clearing LLC. “The divisions will not…

Solana Open Interest Hits $13B All-time High: Will SOL Price Follow?

Key takeaways: Bullish technicals suggest that SOL price can reach $1,000 if the resistance between $210-$250 is broken. Solana’s open interest has rallied to a record high of $13 billion, signaling high speculative interest.  After dropping to $155 on Aug. 3, Solana’s (SOL) price has recovered over 36% to an intraday high of $210 on…

Bitcoin Reclaims $112K, Altcoins Prepare To Follow

Key points: Bitcoin made a strong comeback, confirming that dip buyers were present at lower levels; higher levels could continue to attract sellers. Select altcoins have bounced off their respective support levels, indicating a positive sentiment. Bitcoin (BTC) rallied to $112,500 on Wednesday, indicating that the bulls are trying to extend the recovery. The relief…

Bitcoin Reclaims $112K, Altcoins Prepare To Follow

Key points: Bitcoin made a strong comeback, confirming that dip buyers were present at lower levels; higher levels could continue to attract sellers. Select altcoins have bounced off their respective support levels, indicating a positive sentiment. Bitcoin (BTC) rallied to $112,500 on Wednesday, indicating that the bulls are trying to extend the recovery. The relief…

Avalanche activity driven by DEXs, trading bots, whale memecoin speculation

Smart contract blockchain Avalanche recorded a consistent surge in blockchain activity, as analysts pointed to growing decentralized trading activities and returning crypto whale speculation on the next emerging memecoin. Avalanche’s transaction growth surpassed all other blockchains the past week, rising 66% to 11.9 million transactions across more than 181,000 active addresses, signaling growing investor mindshare…

Trust Wallet Adds RWA Support On Ethereum

Update (Sept. 3, 1:15 pm UTC): This article has been updated to clarify that Trust Wallet is owned by former Binance CEO Changpeng Zhao, and is no longer owned by Binance following its share sale in 2023.. Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, has integrated tokenized stocks and…

US Second In Crypto Adoption On ETFs, Regulatory Clarity: Chainalysis

Regulatory momentum in Washington and crypto exchange-traded funds have pushed the US up two spots into second place for crypto adoption, according to Chainalysis. The US trailed only India, which maintained the top spot for the third year in a row, and contributed to the Asia Pacific region being crowned the fastest-growing between July 2024…

XRP Price Eyes 77% Rise to $5 Next: Here’s Why

Key takeaways: XRP (XRP) price printed a bull flag pattern on the daily chart, a technical pattern associated with strong bullish momentum following an upward breakout. Is this the start of XRP’s rally to $5? XRP price bull flag targets $5 The daily chart shows XRP trading within a bull flag, with the price facing…