Bitcoin’s increasing dominance began in late 2022, primarily driven by speculation around a spot Bitcoin exchange-traded fund (ETF).
Hackers promoted a fake token named GRIMACE, falsely linking it to McDonald’s through a hijacked Instagram account. The token’s value briefly soared to $25M before crashing.
The lawsuit alleges that Binance, under Zhao’s leadership, allowed criminals to exploit its platform to launder money, making it impossible for victims to recover their assets.
On 9 August, many noticed that Cboe’s 19b-4 filing, which is needed for listing new ETFs, was no longer on their website. This led to speculation that the Solana ETF might be in trouble.
VanEck estimates that by 2027, if 20% of Bitcoin miners’ computing power is used for AI projects, it could generate a net present value of $38 billion.
North Korean-linked hacking groups are reported to be behind several major heists, including the DMM exchange hack, which resulted in a loss of approximately 4,500 $BTC worth $305 million.
The recent surge in activity has largely been attributed to the emergence of new lending markets, including Base and Scroll, which have helped drive growth on the platform.
If BlackRock does proceed with creating a blockchain, it could represent a seismic change in how traditional finance (TradFi) engages with digital assets and decentralised technologies.
Despite Trump’s well-known pro-crypto stance and Musk’s affection for Dogecoin, the discussion did not touch on cryptocurrency.
The SEC first approved the Sandbox in March 2023, following a public consultation that allowed citizens, businesses, and other stakeholders to share their views.
