Nvidia’s Q1 results sent its stock soaring 6% but AI tokens barely moved
Nvidia’s strong earnings report didn’t have the immediate effect on AI crypto tokens that traders expected.
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Low-income crypto investors are using gains to buy houses: Treasury study
Low-income households with high crypto exposures saw the largest increase in mortgage and auto loan originations and balances, US Treasury research revealed.
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Wintermute repays $92M TrueFi loan on time despite suffering $160M hack
After repayment of TrueFi’s $92 million loan, Wintermute still owes $97.4 million to Maple Finance and Clearpool in loans. When Wintermute, a cryptocurrency market maker, lost $160 million due to a hack, concerns related to the repayment of debt worth $189.4 million surfaced. However, in an exciting turn of events, Wintermute paid back its largest…
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SEC reviews Ripple ruling, US bill seeks control over DeFi, and more: Hodler’s Digest, July 16-22
Top Stories This Week Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration U.S. Securities and Exchange Commission Chair Gary Gensler has commented publicly about the recent ruling on the agency’s suit against Ripple, saying the SEC is “still looking at it and assessing that opinion.” Gensler declined to comment further…
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Chinese city implements plan for blockchain digital infrastructure system by 2025
The government of Shanghai has implemented its strategic plan for the development of its urban blockchain digital infrastructure system between the years 2023-2025. 38 Total views 1 Total shares The government in the Chinese city of Shanghai issued an implementation plan on July 31 for promoting the development of its urban blockchain digital infrastructure system…
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DeFi rises again as Aave hits new ATH in weekly borrowers
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth.
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Verifone to enable crypto payments at major retailers through BitPay
Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments.Recent data has found that 93% of crypto users surveyed would consider making purchases in…
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Ready Games will help developers upgrade their games to Web3
The company will release tools to swiftly upgrade mobile Web2 games in compliance with Apple and Google app store rules. 201 Total views 3 Total shares Ready Games, provider of developer and creator tools for the Web3 community, will launch a new ecosystem with the goal of incentivizing Web2 game creators to explore and switch…
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Sealing docs in Binance case could suggest a criminal probe, says former SEC official
According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret. 91 Total views 3 Total shares The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is requesting…