Crypto

Do Kwon, the mastermind behind the collapsed Terra crypto project, is expected to plead guilty on Tuesday, court docs show.

Bitcoin selling pressure fades as long-term holders dig in despite prices hovering around the recent all-time high.

In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud. A federal judge overseeing the case against Do Kwon has scheduled a Tuesday conference at which the Terraform Labs co-founder “may enter a change of plea.” In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Paul Engelmayer ordered the parties to appear in court on Tuesday, which could suggest that Kwon was preparing to change his plea for some or all of his charges. The Terraform co-founder initially pleaded not guilty to nine felony counts in January after a monthslong extradition court battle in Montenegro ended with his removal to the United States. Read more

Safety Shot announced on August 11 the creation of a corporate BONK treasury, receiving $25 million in tokens through a strategic alliance with BONK founding contributors.  The Nasdaq-listed company issued $35 million in convertible preferred shares as consideration for the allocation. The arrangement positions Safety Shot among a growing cohort of public companies adopting altcoin […] The post Safety Shot establishes BONK corporate treasury with $25 million token allocation appeared first on CryptoSlate.

SUI slid to $3.69 after failing to break resistance near $3.98, with open interest dropping 15% and funding rates plunging from July highs.

The US Senate is not scheduled to be in session until Sept. 2, but Senator Elizabeth Warren offered a preview for how she may address the CLARITY Act. With Congress not scheduled to return from recess for a few weeks, some US lawmakers are already signaling how they plan to address crypto-related legislation passed by the House of Representatives in July. In a Sunday MSNBC Interview, Massachusetts Senator Elizabeth Warren, one of the more outspoken voices associating digital assets with illicit activities, said she supported regulation of the crypto industry. However, she suggested opposition to crypto market structure through the Digital Asset Market Structure Clarity (CLARITY) Act, introduced by Republicans and passed with bipartisan support in the House.  “We need crypto regulation,” said Warren. “But we don’t need regulation written by the crypto industry that supercharges this kind of corruption. We need regulation that limits the corruption and the ability of elected officials to trade in it, that also ...

Analysts suggest that this momentum is fueled by a recent increase in network capacity, rising ether price, and a reduction in transaction costs, particularly for DeFi protocols and stablecoin transfers.

Blue Origin’s new crypto payment option joins a wave of blockchain ventures in aerospace, from NFTs minted in orbit to satellites running decentralized networks. Jeff Bezos’s Blue Origin has partnered with Shift4 Payments to let customers pay for trips to outer space in cryptocurrencies and stablecoins. According to a Monday press release, Blue Origin’s New Shepard tickets can be purchased in Bitcoin (BTC), Ether (ETH), Solana (SOL), USDt (USDT), and USD Coin (USDC). Blue Origin — which has flown more than 75 passengers past the Kármán Line, the internationally recognized boundary where Earth’s atmosphere ends and space begins — will accept direct payments from popular wallets like MetaMask and Coinbase. Read more

Paxos has joined the list of firms seeking a national trust charter, with the stablecoin issuer following Circle and Ripple on that front.

A drinks company is now adopting BONK as a treasury asset, and plans to acquire up to $115 million of the Solana meme coin by year-end.

The company said that it aims to bring greater institutional presence to the BNB ecosystem.

Altcoin Season has re-emerged in select markets. Ethena, Pump.fun, and Hyperliquid each maintain active tokens, consistent volume, and defined use cases, from synthetic dollars to meme launches and on-chain exchanges. The post Why Ethena, Pump.fun, and Hyperliquid Could Lead the Next Altcoin Season Leg appeared first on Cryptonews.

Financial infrastructure firm ALT5 Sigma Corporation signaled its plans to establish a $WLFI treasury, shortly after the token became poised to trade.

The digital assets arm of Fundamental Global is rapidly building one of the largest corporate ETH holdings.

Pump.fun’s token surged as the meme coin launchpad clawed back market share from LetsBonk, its biggest competitor on Solana in recent weeks.

Under the deal, the two firms — both backed by USDT issuer Tether — combine into one.

Bitcoin getting to $340,000 this cycle is a "very big ask," but over the past five years, BTC has already won the macro asset returns game, research shows. Key points: Bitcoin will beat its prior cycle’s gains for the first time if it makes it to $340,000 this bull market. While a “very big ask,” such a feat would make BTC the world’s second most valuable asset by market cap. Read more

Nasdaq-listed Heritage Distilling Holding Company has unveiled a $360 million digital asset treasury strategy centered on the Story (IP) token, according to an Aug. 11 statement provided to CryptoSlate. The company said it secured $220 million through a private placement, comprising $100 million in cash and $120 million in Story tokens. Of the total proceeds, […] The post Heritage bets $360M on Story’s IP token while markets react with sharp sell-off appeared first on CryptoSlate.

Strategy spent $18 million on Bitcoin last week—the firm's smallest transaction since March as it celebrates five years of buying BTC.

ALT5 has entered agreements to raise $1.5B through a registered direct sale and token-backed private placement involving $WLFI, funding a treasury strategy, debt repayment, and corporate expansion ahead of an August 12 closing. The post ALT5 Sigma Stock Surges 9% on $1.5B WLFI-Linked Treasury Strategy Announcement appeared first on Cryptonews.