Daily Crypto News

  1. Bitcoin and Ether Are on Track for Their Best Month Since 2021 — Bitcoin and Ether, the world’s two largest digital tokens, are headed toward their best months since 2021 amid a revival of risk appetite in global markets and optimism about an Ethereum network upgrade.
  2. Crypto platform Zipmex files for bankruptcy protection in Singapore — Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.
  3. Bitcoin rig maker Canaan to deploy self-mining soon in US, executive says — Chinese crypto mining rig maker Canaan is ramping up its mining business and will soon start self- or joint-mining operations in the U.S., Edward Lu, a senior vice president of Canaan, told Forkast in an interview on Thursday.
  4. Crypto continues tear while Vitalik Buterin says Eth2 ‘not priced in’ — The crypto market continued its tear overnight Thursday in Asia with Bitcoin and Ethereum trading up 4% and 6%, respectively, in the 24 hours before business hours on Friday.
  5. Nirvana’s ANA token down more than 80% after US$3.5 mln hack — Solana-based decentralized finance protocol Nirvana Finance was exploited in a flash loan attack for US$3.49 million on July 28, the firm announced in a Twitter post, causing its tokens to topple by more than 80%
  6. US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort — Sen. Pat Toomey (R-Pa.), the ranking Republican on the U.S. Senate Banking Committee, is talking to Democrats to make his stablecoin oversight bill a bipartisan effort. Committee Chairman Sherrod Brown (D-Ohio) confirmed Thursday he’s been involved in the discussions.
  7. El Salvador still has plans for a bitcoin bond even as the country sees a 50% loss on its crypto investment — Despite suffering heavy losses on its bitcoin bet, El Salvador still intends to issue bitcoin-backed bonds, the country’s finance minister said.
  8. Largest cryptocurrencies mixed as Bitcoin Cash increases — The largest cryptocurrencies were mixed during morning trading on Thursday, with Bitcoin Cash BCHUSD seeing the biggest move, surging 13.85% to $142.18.
  9. Foundry Starts New Service to Reduce Supply-Chain Lag for Bitcoin Miners — Digital-asset mining and staking firm Foundry is starting a new supply-chain management service designed to make delivery of bitcoin-mining computers more efficient as the industry is gripped with logistical issues. Foundry is a subsidiary of Digital Currency Group (DCG), the parent company of CoinDesk.

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