News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
The founder of the failed cryptocurrency AML Bitcoin, Rowland Marcus Andrade, has been sentenced to seven years in federal prison for defrauding investors and laundering millions of dollars tied to the token’s initial coin offering.
Richard “FaZe Banks” Bengtson, the co-founder and CEO of FaZe Clan, has resigned following explosive allegations linking him to a failed cryptocurrency project that has rocked both the gaming and crypto worlds.
Michael Saylor’s company, Strategy, has acquired 21,021 Bitcoin following a monumental $2.5 billion capital raise through its fourth preferred stock offering, marking the largest initial public offering (IPO) in the United States in 2025 to date.
Institutional interest in Ethereum is accelerating at a remarkable pace, with corporations now buying Ether faster than Bitcoin, signalling a significant market shift, according to a recent report by Standard Chartered.
The Trump administration is expected to release a much-anticipated report today that will outline its approach to digital assets.
- 03:02RootData: QUAI to Unlock Tokens Worth Approximately $1.55 Million in One WeekAccording to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Quai Network (QUAI) will unlock approximately 32.83 million tokens, valued at around $1.55 million, at 21:00 (GMT+8) on August 19.
- 03:02Data: Broad Pullback in Crypto Sector, AI Segment Leads Decline with Over 7% Drop, ETH Falls Below $4,300According to ChainCatcher, citing SoSoValue data, the cryptocurrency market sectors have seen a pullback after consecutive gains. The AI sector dropped 7.20% over the past 24 hours, with Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and Fartcoin (FARTCOIN) falling by 9.88%, 13.16%, and 18.58% respectively. In addition, Bitcoin (BTC) declined by 0.59%, retreating to $119,000 after surpassing $122,000. Ethereum (ETH) fell by 0.70%, fluctuating narrowly around $4,300. In other sectors, the CeFi sector dropped 0.83% in 24 hours, with Cronos (CRO) remaining relatively resilient, up 2.43%. The PayFi sector fell 1.59%, but Bitcoin Cash (BCH) surged 4.09% intraday. The Layer1 sector declined 2.34%, while TRON (TRX) edged up 2.63%. The DeFi sector dropped 3.19%, Layer2 fell 5.38%, with SOON bucking the trend and rising 33.58%. The Meme sector dropped 5.51%, but Pump.fun (PUMP) remained strong, up 13.36%. Indices reflecting the historical performance of crypto sectors show that the ssiAI, ssiNFT, and ssiMeme indices fell by 7.91%, 7.32%, and 5.99% respectively.
- 02:57The amount of ETH purchased by Ethereum ETFs today is 93 times the net issuance of the Ethereum networkAccording to a report by Jinse Finance, @sassal0x stated that today, the net new issuance of the Ethereum network is approximately 2,537 ETH (worth $10.1 million). The net inflow of funds into Ethereum ETFs today is about 238,200 ETH (worth $1 billion). The amount of ETH purchased by Ethereum ETFs today is 93 times the net issuance of the Ethereum network.