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Ethereum is trading at $3,667 at press time, rising 4% in the past 24 hours and indicating renewed interest after a sharp drop earlier in the week. Summary Ethereum open interest on Binance has hit a record $8.7B, nearly 3.5x higher than in the 2021 bull market.Despite neutral funding rates, rising volume and leverage point to bullish continuation potential.ETH price holds above support, and a break above $3,875 could extend gains, while a drop below $3,380 may trigger

The Philippines’ Securities and Exchange Commission has named ten crypto exchanges, including tier-1 platforms like Bybit and OKX, for operating without registration and warned of potential enforcement action under its new regulatory framework. Summary The Philippines SEC has named ten crypto exchanges for operating without proper registration.Advisory warns that these platforms may face enforcement actions for violating new CASP rules effective July 5.Potential penalti

Solana Mobile has officially begun shipping its Seeker smartphones to users in more than 50 countries, marking the global rollout of its second-generation web3 device. The announcement was made on Aug. 4 via X, with the company confirming that tens of thousands of units are now in transit. The Solana Seeker phone follows the Saga, Solana’s (SOL) first crypto-native phone, which initially saw slow sales but gained traction thanks to profitable token airdrops. Seekers officially start shipping tod

Ethena is trading lower as fresh concerns around liquidity risks and a major token unlock weigh on investor sentiment. Summary Ethena unlocked $106M in ENA tokens, adding possible sell pressure.Chaos Labs warned of liquidity risks from Ethena’s $4.7B Aave exposure.Technicals show weakening momentum, but major support levels still hold. As of this writing, Ethena (ENA) is trading at $0.586, down 2.9% over the last day. Despite rising more than 130% over the previous m

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 years 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

The CEO of South Korean exchange Bitsonic, Shin Jinwook, has received an extension to his seven-year prison sentence after authorities found evidence of fraud amounting to at least 100 million won or $72,000. Summary Bitsonic CEO Shin Jinwook was sentenced to six months in prison on top of his initial seven-year sentencing from 2023.Exchange executives fooled investors and defrauded customers by manipulating the price of its native token, BSC. On August 5, Judge Seon

North Korean IT workers are using fake identities to infiltrate crypto firms and steal millions worth of digital assets through remote job scams, cybersecurity researchers at Google Cloud and Wiz have warned. Summary North Korean threat actor UNC4899 operatives are increasingly targeting crypto companies.Both Google Cloud and AWS environments have been exploited by the group in multi-million dollar crypto thefts. Separate reports published by the firms have tracked U

The U.S. Securities and Exchange Commission has issued interim guidance allowing certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets.  Summary SEC permits qualifying USD stablecoins to be reported as cash equivalents.Applies only to fully backed, redeemable tokens with 1:1 pegs.Complements GENIUS Act and broader reforms under SEC Chair Paul Atkins. Reported on Aug. 5 by Bloomberg Tax, the guidance is a part of a wider

Crypto exchange Bitpanda just posted its strongest financial year on record, more than doubling revenue as partnerships and regulated offerings drive growth. Summary Bitpanda reported €393 million, around $426 million, in 2024 revenue, up 162% from the year before.The exchanges growth is driven by regulated product offerings, market expansion, and institutional partnerships. According to a press release shared with crypto.news, the Vienna-based crypto platform report

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 we