Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more
This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.
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USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan. 1662 Total views 4 Total shares Own this piece of history Collect this article as an NFTAlmost immediately after USD Coin (USDC)…

Bitcoin Price Approaching Buy Opportunity, Says Crypto Pundit
Brave New Coin analyst Josh Olszewicz used the Ichimoku Cloud to predict a “once in a quarter” buy opportunity for Bitcoin. 341 Total views 9 Total shares Crypto analyst at Brave New Coin Josh Olszewicz says Bitcoin (BTC) is about to see a buy signal the cryptocurrency only goes through once a quarter. In a Tweet…

While Friend.tech booms, decentralized social has a retention problem — Execs
Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on their social media platforms. Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for the first time will end…

DeFi proves that charities could be doing more with their money
Most of the stories coming out of the crypto industry this past year have centered around enormous numbers flowing in and out of the space. From stablecoins topping over $100 billion, with Circle raising $440 million in private investment in the spring, to decentralized finance (DeFi) projects like Solana completing a $314 million fundraiser, people love…

Mango Labs sues DAO members for alleged embezzlement scheme
The drama around Mango Labs just never seems to stop. Its problems are with its own members, too.

U.S. DOJ busts botnet boss for orchestrating $130M cyberscam
Chinese national Yunhe Wang has been accused of hijacking over 19 million private IP addresses and reselling them to criminals for nefarious use.

Perpetual futures on Telegram: Storm Trade joins Cointelegraph Accelerator
Storm Trade, a DEX that enables users to trade perpetual futures across various assets, joins the Cointelegraph Accelerator program.

Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF
Some analysts have speculated the SEC will announce decisions or delays on crypto exchange-traded funds before Sept. 30 in anticipation of a U.S. government shutdown. 389 Total views 7 Total shares Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or