Crypto News Sentiment

Updated: 16 days and 10 hours ago

Capital pours into Bitcoin and Evernorth eyes Nasdaq, while Circle secures an FCA deal. Yet, Bitcoin plunges below $78K, as Cosmos and Avici suffer costly hacks.
Positive news

Capital B Raises €21M to Expand Bitcoin Holdings

French bitcoin treasury Capital B secured €21 million from investors Adam Back and TOBAM to increase its bitcoin purchases. Currently holding 3,145 bitcoins valued over $245 million.

Evernorth’s SEC Registration Confirmed for Nasdaq Debut

Evernorth, a major XRP treasury holder, has cleared the necessary SEC hurdles, paving the way for a September 30 shareholder vote on its planned Nasdaq listing.

Grayscale Forecasts Bitcoin Gains Amid Debasing Currency Environment

Grayscale highlights that rising government debt is driving a debasement trade, which it believes will benefit bitcoin according to its research team.

Circle Secures FCA License for USDC Sponsorship Deal with Chelsea

Circle, the issuer of USDC stablecoin, has been granted an FCA license, enabling it to partner with Chelsea FC for a front-of-shirt sponsorship deal.

Negative news

Crypto Market Plummets as Bitcoin Drops Below $78K Bitcoin fell below $78,000, dragging other cryptocurrencies down. The drop followed a hawkish speech by Federal Reserve Chair Kevin Warsh, which spooked investors.

XRP Predictions Reaching $20 A popular user predicts XRP will reach $20, suggesting an imminent 1,000% increase in price.

Hyperliquid’s Largest Monthly Unlock Hyperliquid is set to release 14.18 million HYPE tokens tomorrow, with nearly half allocated to insiders, differing from previous releases.

ETH Exits Exchanges as BTC Moves Up ETH balances on exchanges have decreased significantly since June, while Bitcoin balances have increased slightly.

Cosmos Bug Mismanagement Costs Millions Cosmos failed to address a critical bug for four months, resulting in a hack that stole nearly $6 million across six blockchain networks.

Avici Solana Neobank Hacked An attacker drained approximately $653,000 from Avici's card vaults on the Solana blockchain, causing the AVICI token to crash by 40%.

Avici Token Plummets After Security Breach Following a reported hack on August 28, Avici's AVICI token dropped by about 39%, losing potentially between $600,000 and $1 million.

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