a16z targets $3.4B for next early and seed-stage funds: report
Andreessen Horowitz (a16z) is planning to raise $3.4 billion for its next early and seed-stage fund. The fundraising is reportedly set to start by the end of year. Andreessen Horowitz…
Checkout.com terminates Binance support over AML concerns: report
Credit card processor Checkout.com cuts ties with Binance over AML concerns. Binance is reportedly considering legal action, Forbes said in a report published August 18. Binance recently announced it was…
ETH/USD unable to break $2000 despite a bearish July NFP report
The July NFP report was more bearish than bullish for the US dollar Ethereum keeps failing at $2,000, but the series of higher lows remains intact Only a break below…
Tether’s excess reserves rose to $3.3B in Q2: report
Tether’s excess reserves for the USDT stablecoin hit $3.3 billion in Q2. An attestation report for the quarter by BDO showed operational profits of over $1 billion. Tether’s consolidated liabilities…
SEC asked Coinbase to delist altcoins, trade only Bitcoin before lawsuit: report
The US Securities and Exchange Commission (SEC) reportedly asked Coinbase to only list Bitcoin. Coinbase CEO Brian Armstrong says the pressure left it no choice but to fight it out…
Binance report shows crypto industry in “good health” in H1, 2023
Key takeways The crypto industry experienced growth across Bitcoin and other L1s, L2s, stablecoins, DeFi, and NFTs. Bitcoin network growth included trading volume, transaction count, fees and hashrate. Solana, BNB…
Binance recently laid off 1,000 employees: report
Binance is reported to have dismissed about 1,000 of its employees recently. The report cites sources close to the exchange and comes at a time Binance is battling regulatory pressure.…
Bitcoin consolidation continues ahead of the US inflation report
Bitcoin forms a possible pennant formation ahead of the US inflation report The disinflationary process in the US is set to continue If the dollar takes a hit, Bitcoin may…
Bitcoin and Ethereum network revenues spiked in May despite significant headwinds: ETC Group report
Bitcoin revenue jumped 249% YoY in May, while Ethereum network fees rose 53.7% in May, according to a research report by the ETC Group. Ordinals and enterprise adoption drove network…
On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals
Key Takeaways The SEC sued Binance on Monday and Coinbase on Tuesday 5% of Coinbase’s Ethereum balance was withdrawn Tuesday, with around 3% of Binance’s reserves withdrawn Overall, the movements…