TREE NEWS update: Data shows XRP spot ETFs recorded net inflows of $39.78 million last week, indicating growing investor interest. This marks a positive trend for the digital asset as institutional adoption continues.
TREE NEWS reports: PONS has achieved the 13th position in revenue over the past 30 days, with an FDV/Revenue multiple of just 0.7x, indicating potential undervaluation. This suggests strong revenue generation relative to its fully diluted valuation.
TREE NEWS update: Luke Metz has joined Meta’s Superintelligence Lab, a move that signals Meta’s continued investment in advanced AI research. The hiring of a prominent AI researcher underscores the competitive landscape in the AI sector.
TREE NEWS reports: Spot Ethereum ETFs recorded net inflows of $697 million last week, with BlackRock’s ETHA leading at $537 million. This marks continued strong demand for Ethereum exposure through regulated investment vehicles.
TREE NEWS reports: UK fintech funding fell to a decade low, with investors increasingly turning to AI-related companies. This trend reflects a broader market shift away from traditional fintech toward AI-driven ventures.
TREE NEWS update: Pakistan’s regulatory body has ordered all cryptocurrency platforms to apply for a regulatory license by September 5 or face shutdown. This move aims to bring crypto operations under official oversight, potentially impacting the local crypto market.
TREE NEWS reports: Nvidia is reportedly in discussions to invest in AI search startup Perplexity at a valuation exceeding $30 billion. The deal highlights Nvidia’s strategic push into AI applications, though no final terms have been confirmed.
TREE NEWS update: The Central Bank of Russia has relaxed the criteria for qualified investors, aiming to expand their cryptocurrency trading limits. The move is part of broader efforts to integrate digital assets into the country’s financial system. This policy change could increase participation in crypto markets among eligible Russian investors.
TREE NEWS reports: Term Labs has provided an update on the recent attack, stating that it has closed the Meta Vault and revoked governance permissions to mitigate further risks. The incident underscores ongoing security challenges in DeFi protocols.
TREE NEWS update: Binance Alpha announced it will debut TermMax on August 25. TermMax is a DeFi lending protocol. The listing marks its initial availability on the platform.
TREE NEWS update: Bitcoin’s price has fallen below the $77,000 mark, extending recent losses in the crypto market. The move reflects ongoing volatility and selling pressure across digital assets.
TREE NEWS update: According to RootData, the GUN token will unlock approximately $1.16 million worth of tokens in one week. This event is part of a scheduled token unlock, which may impact market supply.
TREE NEWS reports: Data shows that CATE, a token in GMGN’s hot sector, has achieved a trading volume of $78.38 million. This highlights significant market activity and interest in this asset.
TREE NEWS reports: Treasury Secretary Bessent’s plan to double long-dated bond buybacks failed to curb rising yields, leading to a dollar drop, gold surge, and Bitcoin rally. Attention now turns to Fed Chair Warsh’s Jackson Hole speech, with markets hoping for clarity on inflation and policy. Analysts suggest an Operation Twist-style move could be needed to stabilize long-term rates.
TREE NEWS reports: Alibaba’s Hong Kong-listed shares fell over 10% after the company announced plans to issue new shares worth HK$80 billion ($10.2B). The placement is part of a broader capital raise, which may dilute existing shareholders.
TREE NEWS reports: Former Hack VC partner Hsin-Ju has refused a settlement and intends to release evidence, alleging threats and retaliation. The dispute highlights tensions within the crypto venture capital community.
TREE NEWS update: Ledger’s CTO has responded to recent vulnerability rumors, stating that the bug was identified and fixed two weeks ago, with the patch already deployed. The company reassures users that their funds are safe and no action is required.
TREE NEWS update: Polygon has proposed a staking and tokenomics reform aimed at doubling POL staking yields. The proposal seeks to enhance network security and participation by adjusting staking incentives and token emission dynamics.
TREE NEWS reports: According to a16z data, weekly active usage of OpenAI’s Codex among lawyers has surged 108-fold. This highlights the rapid adoption of AI tools in the legal profession.
TREE NEWS update: South Korean crypto exchange Upbit has listed Lighter (LIT) and opened KRW trading pairs. The listing provides Korean investors with direct access to the token.