Shibarium launch falters, $2.5M locked in bridged funds wiping $500M from SHIB market cap

Onchain sleuth ZachXBT described Shibarium's launch as sloppy.

Happy Thursday!

The global crypto market cap is $1.11 trillion, with a 24-hour volume of $43.56 billion. The price of Bitcoin is $27,923.96, and BTC market dominance is 49.0%. The price of Ethereum is $1,738.26, and ETH market dominance is 18.8%. The best-performing sector is Fan, which gained 6%. The Crypto Fear & Greed Index is currently Neutral (50).

Top News

Shibarium launch falters, $2.5M locked in bridged funds wiping $500M from SHIB market cap

Onchain sleuth ZachXBT described Shibarium's launch as sloppy.

Ripple files opposition to SEC’s expected appeal

Ripple has argued that the U.S. Securities and Exchange Commission's earlier request for an interlocutory appeal is unjustified and should not proceed.

Bitcoin dips below $29k sparking $160M liquidation in crypto market

Bitcoin price decline was attributed to macroeconomic factors.

Latest Insights

• Bitcoin short-term investors capitulate under market pressures

• US 10Y hits highest close since June 2008 as Bitcoin loses $29,000 support

• Cleveland Fed nowcasts signal escalating inflation pressures, crypto market bracing for impact

• Why Bitcoin hash rate just hit an all-time high

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AI mining method for Bitcoin increases reward chance 260% by calculating future blocks

Uk researchers Quantum blockchain technologies' breakthrough opens door to AI Bitcoin mining

Ledger partners with PayPal to provide crypto access for U.S. customers

The collaboration aims to provide users with a seamless, secure platform to access digital currencies.

First Digital USD soars on Binance as overall stablecoin market sinks to two-year low

Tether's USDT supply, for example, contracted for the first time since last October.

CFTC Chair Rostin Behnam weighs in on crypto regulations

Behnam said, “the market seems to want some kind of regulatory framework," though his views may be somewhat at odds with other regulators.

Valkyrie files for Ethereum futures ETF

Valkyrie previously tried to combine its Bitcoin futures ETF with Ethereum futures in an Aug. 4 filing.