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Web3 Venture Capital Sees Soaring Total Value Locked, But Transaction Volume Plummets, Signaling Investors Shifting from Broad Coverage to More In-Depth, Strategic Bets.
Share link:In this post: Seoul police caught a $13M crypto conman after he tossed a cigarette and tried to flee. He’d been on the run since 2020, wanted on 10 charges including fraud and assault. Other scammers like James Zhong and “Razzlekhan” also slipped up due to dumb mistakes.
Share link:In this post: The Dow jumped 846 points to close at a record 45,631.74 after Powell signaled rate cuts may start next month. The S&P 500 and Nasdaq gained over 1.5%, driven by strong tech stock rallies. Gold, silver, and other metals rose as the U.S. dollar dropped sharply following Powell’s comments.
Share link:In this post: Apple filed a lawsuit claiming that Oppo hired Chen Shi, a former Apple Watch engineer, and encouraged him to take confidential health-sensing data to build a competing wearable. Before leaving Apple in June, Shi allegedly downloaded 63 internal documents. Apple says this case fits a broader pattern, referencing past incidents involving trade secrets going to China.
Share link:In this post: A 12-year-old USPTO document has sparked claims that the U.S. government owns the “XRP” patent. While real, the document was initiated by OpenCoin, the now Ripple. Ripple Labs currently has 67 trademark applications and 18 approved patents.
Seven major asset managers, including Grayscale and Franklin Templeton, updated their filings for spot XRP ETFs on August 22, shortly after the Ripple–SEC case concluded.
Currently at a $600 Billion market cap, ranked as the 25th largest tech company in the world
- 21:02BTC surpasses $91,500Jinse Finance reported that according to market data, BTC has surpassed $91,500 and is now quoted at $91,511.87, with a 24-hour increase of 1.8%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 20:52Kalshi's valuation doubles within weeks, prediction market forms a duopoly patternJinse Finance reported that prediction markets have rapidly become a new hotspot in the crypto and fintech sectors. Kalshi received over $1.3 billion in new capital this quarter, with its valuation soaring from $5 billion to $11 billion within weeks. Its competitor Polymarket is also negotiating new financing, targeting a valuation between $12 billion and $15 billion. Market capital is highly concentrated on the Kalshi and Polymarket platforms, with investors betting that the two will form a duopoly in prediction markets and become the core venues for event risk and sentiment data trading. Both platforms have benefited from a clearer regulatory path in the United States: Kalshi operates as a CFTC-licensed exchange, while Polymarket has just received CFTC approval to re-enter the US market.
- 20:23Circle mints approximately 500 million USDC on SolanaForesight News reported that Circle minted approximately 500 million USDC on Solana in two separate transactions. Today, Circle has minted a total of 1.25 billion USDC.