Business
Monthly active addresses hit a record high of 220 million, noted a16z’s crypto research team.
DeFi
Radiant Capital was exploited on Arbitrum and BSC after an attacker allegedly gained control of the protocol’s multisig wallet.
GOAT, a memecoin popularized by an artificial intelligence agent named Terminal of Truths, is a reference to a pseudo-religion sparked by a conversation between two instances of the same Anthropic AI Model.
Bitcoin
Increased buying by both spot bitcoin ETFs and whales have resulted in heightened demand, according to the onchain analytics firm.
A team of analysts at Coinbase Institutional and Glassnode attribute a ‘relative lack of direction’ in crypto prices to uncertainties that lie ahead, including the U.S. election.
Grayscale Investments has filed to convert its $520 million Digital Large Cap Fund into an ETF.
Two recent updates—one involving SOL as a potential backing asset for USDe and the other about a large planned investment in real-word asset products—appear to be behind the rise.
The amount is a far cry from the $300 million the DeFi project is reportedly looking to raise in this initial sale, however.
Bitcoin rallied past $66,000 on Monday, liquidating $56 million short positions in the asset.
Tether is reportedly in the early stages of discussing U.S. dollar lending opportunities with commodities traders.
