TREE NEWS reports: sh0edog, former General Counsel of Magic Eden, has joined fomo as its new General Counsel. This move brings experienced legal expertise to the platform.
TREE NEWS update: CFTC Chairman Mike Selig criticized anti-crypto forces for years of stifling innovation, asserting that the CFTC is now opening a new financial frontier. This marks a significant regulatory stance shift favoring digital assets.
TREE NEWS reports: VanEck reports that 8 of its 12 Bitcoin capitulation signals are currently flashing, with all 12 having triggered in the past three months. The firm expects this drawdown to be shallower than historical bear markets (78-94%) due to spot ETF demand, broader institutional holdings, and the absence of major failures like Celsius, 3AC, and FTX. Bitcoin is currently down 49% from its peak.
TREE NEWS reports: CASHCAT, a token listed on Robinhood, has fallen approximately 30% since its debut, causing significant losses for traders. One notable trader, 0x4B1, is holding a floating loss of $412,000 and has not yet sold their position.
TREE NEWS reports: US federal prosecutors have dismissed Alex Mashinsky’s motion to vacate his conviction as ‘without merit,’ despite his current 12-year prison sentence. The former Celsius CEO continues to pursue legal avenues to overturn his conviction related to the collapsed crypto lender.
TREE NEWS update: BlackRock reaffirms that Bitcoin’s role as a global monetary alternative remains intact despite its price decline this year. The investment thesis for the asset has not changed, according to the asset manager.
TREE NEWS update: BlackRock CEO Larry Fink stated that tokenization is a market trend, signaling growing institutional interest in real-world asset tokenization. This aligns with BlackRock’s previous moves into crypto, including its spot Bitcoin ETF.
TREE NEWS update: Over the past 24 hours, total crypto liquidations reached $242 million, with long positions accounting for $105 million and short positions $137 million. This indicates significant market volatility and forced selling across derivatives.
TREE NEWS update: Tokyo-based Metaplanet plans to merge with Nasdaq-listed Super League Enterprise, gaining a US listing while leveraging its existing 2,100 BTC holdings rather than buying more. The deal aims to broaden access to US capital markets and advance its Bitcoin treasury strategy.
TREE NEWS reports: The Royal Bank of Canada has increased its holdings in Strategy (formerly MicroStrategy) by 46,000 shares, valued at approximately $4.45 million. This move reflects growing institutional interest in the crypto-linked company.
TREE NEWS update: Hong Kong police reported that an 80-year-old retiree lost over HK$5 million in ETH after downloading a fake ‘Trust Wallet’ app from an online ad. Scammers posing as customer service induced him to invest, and he transferred funds over 1.5 months. Police urge families to warn elders about such fraudulent apps and high-return promises.
TREE NEWS update: Ava Labs, the developer behind Avalanche, has named Charley Cooper as its new president, while John Wu transitions to a senior advisor role. This leadership change comes as the company continues to focus on blockchain and RWA tokenization initiatives.
TREE NEWS reports: Clay Garrett’s investigation has linked the theft of 1,082.65 BTC to internal logs of a major data provider with extraordinary specificity, suggesting the FBI may know the identity of the Wave 1 thief. The stolen coins remain unmoved, and the hunt for the Coldcard hacker continues.
TREE NEWS update: DMND has integrated a Mempool Accelerator with miner revenue sharing, powered by StratumV2. This development aims to enhance Bitcoin transaction processing while providing miners with a new revenue stream.
TREE NEWS update: Neuberger Berman, managing $613B in assets, is partnering with Securitize to launch a tokenized high-yield fixed-income fund across Ethereum, Solana, Avalanche, and Sui. This marks a significant step in bringing traditional asset management to blockchain via RWA tokenization.
TREE NEWS update: Citi plans to offer Bitcoin custody services to institutional clients, integrating digital assets with traditional custody frameworks. This move signals deeper Wall Street involvement in crypto.
TREE NEWS update: Sherlock has introduced Audit Engine, an AI-native security auditing tool designed to enhance smart contract safety. The engine leverages artificial intelligence to streamline the audit process, aiming to reduce vulnerabilities in blockchain projects.
TREE NEWS reports: Kraken’s payment app Krak has launched its multi-asset debit card in the United States, allowing users to spend cryptocurrencies and other assets directly. This move expands Kraken’s footprint in the crypto payments space, offering a bridge between digital assets and everyday spending.
TREE NEWS update: NoOnes, a crypto platform, has announced it will gradually cease operations due to sanctions. The company cited regulatory pressure as the primary reason for the shutdown.
TREE NEWS update: Peer-to-peer crypto exchange NoOnes announced it will gradually cease operations after failing to overturn sanctions that cut off key partners and flagged its transactions as high-risk. The shutdown began on August 17, with the P2P market closing on August 21, and withdrawals supported until August 23. Users are urged to withdraw funds promptly.