Market News
Check out the news cycle for the past 24 hours and see what’s moving the market today!
Vitalik Credits Bitcoin as Ethereum Eyes UTXO Model for 1,000x Scaling
Ethereum studies Bitcoin-inspired UTXOs to shrink state growth while pursuing 1,000x long-term scale
Crypto market update August 16: BTC, ETH and XRP stall
Crypto market update August 16: Bitcoin and Ethereum remain range-bound while XRP defends $1 ahead of FOMC minutes and the White House crypto meeting.
$30 Million Aftermath: Why Binance’s Founder Is Now Abandoning His Public Wallet
Binance founder Changpeng Zhao (CZ) announced that he is completely abandoning his public wallet. A routine attempt to clear spam tokens from the wallet turned into a $30 million market frenzy reminiscent of the famous Shiba Inu (SHIB)…
SafePal Data Exposure Affects Customers Due to Plugin Security Issue
SafePal went public on August 16 with a data breach.
Circle Brings Native USDC to OKX’s X Layer With the Same AI-Payments Pitch It’s Made…
Circle launched native USDC and CCTP on OKX's X Layer on Aug. 6, its sixth such rollout on a new chain in about a year. The launch's headline pitch, AI-agent payments through X Layer's x402 ecosystem, isn't backed by any X Layer-specific…
Optimism’s Buyback Bought 9M+ OP, Its Own Records Show 1
Optimism's Year 4 budget update states its OP buyback has purchased more than 9 million OP since launch. The Buyback Communication Thread that Optimism set up to track the program lists one purchase since it began, in early March. A…
Step App Announces Shutdown After Four Years of Operation
Step App shuts down all services by Aug. 21, 2026, after four years of operation. In its announcement, the team said the platform surpassed 1 million downloads and tracked “billions” of steps, and told users to unstake locked tokens and…
Crypto investors are looking past market-cap rankings and back to fundamentals
Investors are starting to judge crypto tokens on usage, economics and value capture rather than market-cap rank, industry executives said.
Bitcoin to $10,000 a ‘Faustian Bargain’: Bloomberg’s Top Strategist Updates BTC…
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has updated his medium-term Bitcoin forecast, warning investors about the risk of a major price correction. While the U.S. stock market, represented by the Nasdaq and S&P…