Author: John Smith
As RWAs cement themselves as crypto’s second-fastest-growing sector, a who’s-who of fintech and blockchain heavyweights are launching Ascend, a hyper-selective program designed to turn startups into the standard-bearers of institutional adoption. Summary Ascend is a new elite accelerator for real-world asset (RWA) startups with live products and institutional goals. Backed by Odisea, Plume, Galaxy Ventures, and Anchorage Digital, it will admit only 6–8 teams per cohort. According to a press release shared with crypto.news on August 4, Odisea has teamed up with an all-star roster of backers, including Plume, Galaxy Ventures, and Anchorage Digital, to launch Ascend, an accelerator exclusively…
OpenMind plans to create a decentralized operating system for smart machines. Summary OpenMind obtained $20M in funding, led by Pantera Capital Other backers include Coinbase Ventures, DCG, and more The startup plans to create an open-source OS for robotic intelligence Crypto and robotics may soon become a powerful synergy. On Monday, August 4, Pantera Capital led a $20 million funding round in OpenMind. Other investors include Coinbase Ventures, DCG, Ribbit, Lightspeed Faction, Pebblebed, Topology, among others. The firm, whose CEO is Stanford professor Jan Liphardt, is working on FABRIC, creating a decentralized operating system for robots. “If AI is the…
Grayscale Investments has announced the return of founder Barry Silbert as board chairman in a move that also saw the digital asset manager expand its management team with new board hires. Summary Grayscale founder Barry Silbert has rejoined the company as board chair. The company has also hired four other members to join the management team. Barry Silbert’s return comes as Grayscale prepares for the company’s next phase of growth, according to an announcement. As well as Silbert, Grayscale has added four new faces to its C-suite team, with Diana Zhang as chief operating officer, Ramona Boston as chief marketing…
Chainlink has unveiled Chainlink Data Streams for equities and exchange-traded funds listed in the United States as it looks to boost adoption across the tokenized real-world assets market. Summary Chainlink announced Data Streams for equities and exchange-traded funds on Aug. 4. Data Streams is supported by 37 blockchains and will be key to the growing tokenized assets industry. Chainlink Data Streams for U.S. equities and exchange-traded funds offers real-time market data across 37 blockchains targeted at pricing for tokenized financial products. Some of the traditional finance assets that will benefit from this launch include tokenized shares of the S&P 500,…
MYX Finance rose more than 200% in just one day, as trading volumes hit $64 million. Summary MYX Finance rose more than 200% amid speculative trading Trading volume rose to $64.76M, and its market cap to $43.22M Still, the rally is showing signs of fragility Despite relatively modest performance by major crypto assets today, smaller altcoins can still show major gains. On Monday, August 4, MYX Finance (MYX), a decentralized exchange token, reached an all-time high of $0.3664, after rising more than 200% in a single day. Thanks to the rally, the token’s market cap reached an ATH of $49…
The social media rumor mill once again started circulating news of a supposed fresh Chinese ban on all crypto assets. Summary Rumors on social media suggest that China bans crypto Similar rumors circulated in the past There were no notable changes in Chinese crypto policy If you follow the crypto community on X, it seems like China bans crypto every few months. On August 3, several social media accounts reported a supposed Chinese ban on crypto assets. These accounts claimed that the ban applies to both crypto trading and mining, as well as “related services.” X post suggesting that China…
A Coinbase UK ad campaign was abruptly shut down after TV networks refused to air it, and the exchange’s CEO isn’t staying quiet. Summary Coinbase CEO Brian Armstrong criticized UK broadcasters for blocking the company’s recent crypto ad campaign. Armstrong said the decision reflects outdated perceptions of crypto in the United Kingdom. The UK’s lack of clear crypto rules has drawn criticism from experts. Some community members have condemned the tone of the Coinbase campaign. In an August 4 post on X, Coinbase CEO Brian Armstrong condemned the United Kingdom’s ban on its latest advertisement, saying its message must have…
Trump Media, the Donald Trump-affiliated parent company behind media platform Truth Social, is planning to launch a utility token and digital wallet. Summary Trump Media is planning to launch a token and digital wallet tied to its social media platform. The company recorded millions in losses for the year’s second quarter. Recent months have seen Trump Media double down on its crypto bet. Per a recent SEC filing, the token will be part of a broader rewards system linked to the company’s streaming service. Users will be able to use the tokens to pay for subscriptions in its initial stages,…
Bitcoin has slipped below $115,000 amid an August correction, but behind the surface, a quiet shift in macro conditions may be laying the groundwork for a sharp reversal. At the time of writing, Bitcoin (BTC) is down 4% over the previous week, trading at $114,295. The pullback is a retracement of about 7% from its all-time high of $122,838 set on July 14. 10x Research points to a possible turning point that may be driven by less obvious macro shifts. Labor market revisions may reshape Fed expectations In its Aug. 4 report, 10x Research argues that Bitcoin’s recent price action…
Metaplanet has purchased additional Bitcoin for its treasury, advancing its goal of holding 210,000 BTC by 2027. Summary Metaplanet added 463 BTC on August 4, bringing total holdings to 17,595 BTC. BTC Yield year-to-date is 170%, with bitcoin per share rising 22× in 11 months. Capital raise, bond redemptions, and expansion targets signal continued BTC accumulation. Metaplanet has acquired 463 additional Bitcoin (BTC) for ¥7.995 billion ($55.17 million) at an average price of ¥17.27 million($119,163) per BTC, according to an Aug. 4 disclosure. This purchase increases the company’s total Bitcoin holdings to 17,595 BTC, valued at ¥261.28 billion ($1.80 billion).…