BlockzHub

XStocks, a product of Backed Finance, has significantly expanded its reach by launching tokenized stocks on multiple prominent platforms, including Ethereum, Solana, Kraken, and Bybit. This move aims to democratize equity investing by leveraging blockchain technology, offering access to over 60 popular stocks like NVIDIA, Tesla, and Amazon to a global audience. Read more

Ethereum is preparing to decommission its largest testnet, Holesky, marking the end of an era for the network that has been instrumental in testing staking infrastructure and validator operations. The shutdown is planned to occur shortly after the finalization of the Fusaka upgrade, signaling a strategic shift towards newer, more robust testing environments. Read more

The Bitcoin community is currently experiencing a significant rift, with a growing debate over the cryptocurrency's fundamental purpose. Participants are divided between viewing Bitcoin as a platform for applied cryptography and innovation, or as a stable, digital form of money. This divergence has been amplified by recent protocol changes and shifts in node adoption, sparking public discussions among prominent figures in the space. Read more

Starknet, a prominent Ethereum Layer-2 scaling solution, experienced its second significant mainnet outage in just two months on Tuesday. The disruption lasted for nearly three hours, impacting block creation and halting transactions, raising questions about the network's reliability among investors and users. Read more

The National Bank of Ukraine (NBU) has stated that including virtual assets like Bitcoin in its international reserves is premature. First Deputy Governor Serhiy Nikolaychuk cited the high-risk nature of most cryptocurrencies, emphasizing that sharp price fluctuations would negatively impact the overall reserve volume. This decision aligns with a cautious approach to digital assets, prioritizing liquidity, security, and stability in reserve management. Read more

World Liberty Financial (WLFI), a decentralized finance project linked to the Trump family, is proposing a token buyback and burn program to address a significant price dip following its launch. The initiative aims to reduce the circulating supply of WLFI tokens by using 100% of protocol fees to repurchase and destroy them. Read more

Michael Saylor's Strategy, the world's largest public company holding Bitcoin, has significantly increased its digital asset reserves. The company announced a substantial purchase of 4,048 Bitcoin (BTC) for approximately $449.3 million. This latest acquisition, made between August 25 and September 1, brings Strategy's total Bitcoin holdings to an impressive 636,505 BTC. Read more

NFT marketplace Rarible has launched a redesigned platform featuring a new token buyback system funded by transaction fees. This move aims to create a more sustainable incentive model for traders, addressing concerns about the longevity of previous NFT marketplace reward schemes that relied on fixed token allocations. Read more

Large holders, often referred to as "XRP whales," have significantly increased their holdings, accumulating close to $1 billion in XRP. This substantial buying activity has ignited speculation within the cryptocurrency community about a potential surge in XRP's price, with some analysts predicting a reach towards the $4 mark. Read more

Crypto protocol Sky has successfully boosted its native token, SKY, by 8% over the past six months through a significant $75 million token buyback program. The initiative, which began in late February, has seen the protocol utilize its stablecoin, USDS, to repurchase millions of SKY tokens, effectively reducing supply and driving up value. Read more

Solana's blockchain is set to undergo a significant transformation with the Alpenglow upgrade, which has garnered overwhelming support from the community. With over 99% of voters favoring the proposal, the upgrade aims to drastically reduce transaction finality times, potentially revolutionizing the speed and responsiveness of the network. Read more

Global investor Raoul Pal has presented a highly optimistic outlook for the cryptocurrency sector, predicting a massive surge in user adoption. He anticipates the total number of crypto users could reach an astonishing 4 billion by the year 2030, a significant leap from current figures. Read more

Sonic Labs, the entity behind the Sonic blockchain, has received overwhelming approval from its token holders to issue $200 million worth of its S tokens. This significant funding will fuel the blockchain's ambitious expansion into U.S. capital markets, including the development of a proposed exchange-traded product (ETP) and a Nasdaq-listed investment vehicle. Read more

Ethereum co-founder and Consensys CEO Joe Lubin has boldly predicted that Ether (ETH) could surge by 100 times its current value, driven by increasing adoption from Wall Street. Lubin believes that as traditional financial institutions migrate to decentralized finance (DeFi) and leverage Ethereum's infrastructure, ETH will not only see massive demand but could eventually surpass Bitcoin as the primary monetary base. Read more

Despite a recent downturn in Bitcoin and Ethereum prices, cryptocurrency investment products have seen a significant surge in inflows, totaling $2.48 billion last week. This marks a strong rebound from the previous week's $1.4 billion in outflows, indicating renewed institutional interest in the digital asset market. Read more

A significant shift is occurring in the cryptocurrency market as a major Bitcoin whale, with holdings exceeding $11 billion, has dramatically increased its Ethereum (ETH) stake to over $4 billion. This move surpasses the holdings of SharpLink Gaming, the second-largest corporate holder of Ether, signaling a potential rotation towards altcoins with greater upside potential. Read more

August witnessed a significant shift in cryptocurrency ETF flows, with Bitcoin spot funds experiencing substantial net outflows while Ethereum ETFs saw a surge in investor interest. This trend suggests a potential rotation of institutional capital from Bitcoin to Ethereum, marking a notable reversal in market sentiment. Read more

The PENGU token, associated with Pudgy Penguins, has experienced a significant price drop of 35% from its late July peak. Currently trading at $0.027, the token has seen a notable decline over the past month, reflecting broader trends in the NFT market and a pullback in Ethereum's price. Despite the downturn, trading volumes remain robust, and analysts are optimistic about a potential rebound in September. Read more

Bitcoin is experiencing a period of sideways trading as August concludes, with cryptocurrency traders bracing for potential downturns often associated with the "Red September" phenomenon. This historical trend, also known as the "September Effect," has seen the S&P 500 average negative returns in September for nearly a century, and Bitcoin's performance has been even more volatile during this month. Read more