The International Organization for Standardization (ISO) has approved a new project led by China to develop a global standard for Blockchain as a Service (BaaS), according to a report from China Central Television. The initiative will define technical requirements for infrastructure, network construction and operation, service management, smart contracts, and data interoperability and security. Germany,
Zhibao Technology, a Nasdaq-listed Chinese insurtech company, signed a $154.7 million private investment in public equity (PIPE) agreement payable in 2,380 $BTC. If it closes, investors would take control of the board and management. No closing had been disclosed as of Aug. 1. Under the July 31 securities purchase agreement, investors would buy 442 million
A wallet associated with Strategy (MSTR) has transferred 299.84 $BTC, valued at approximately $18.91 million, according to blockchain tracking service Lookonchain. The transaction, which occurred about nine hours ago, has drawn attention from market observers due to the company’s history of selling Bitcoin during specific windows. Context and Recent Activity Lookonchain noted that the last
Crypto fundraising rebounded sharply in July, with total capital raised reaching $2.235 billion across 46 deals, according to data from RootData. That marks a 148.9% increase from the $889 million recorded in June, signaling renewed investor appetite despite ongoing market volatility. CeFi dominates fundraising activity Centralized finance (CeFi) emerged as the top sector, attracting $1.23
American Bitcoin Corp., the Bitcoin miner co founded by Eric Trump and majority owned by Hut 8, reported a $57.2 million net loss for the second quarter on Aug. 3. The result included a $71.2 million loss on digital assets, even as the company delivered record production and expanded its reserve to approximately 8,002 $BTC,
Bitcoin traded near $62,747 early on Aug. 3 after reaching an intraday high of $63,697, as investors prepared for five major U.S. economic releases and several closely watched corporate earnings reports. The week begins with the July ISM Manufacturing PMI on Monday. It ends with the official July employment report on Friday. Between those releases,
The number everyone cited in July was 288 percent. Tokenized stock trading volume nearly quadrupled month over month. The figure appeared in research notes, on crypto Twitter, and in three separate newsletter breakdowns. It was real. What nobody emphasized was the denominator. One product drove the surge. QQQB, a tokenized tracker mirroring the Nasdaq-100 index,
Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, according to 10x Research. Markus Thielen, founder of 10x Research, said in a Monday report shared with Cointelegraph that Bitcoin closed July below the threshold needed to confirm a technical bottom. A monthly close near $63,000 would turn several of 10x
Standard Chartered-backed Anchorpoint Financial has pushed the public rollout of its Hong Kong dollar stablecoin HKDAP into August after the project missed its previously expected second-quarter and end-of-July timelines. According to the local media outlet the Hong Kong Economic Journal, Standard Chartered Hong Kong and Greater China and North Asia CEO Mary Huen said an
PayPal reported its second-quarter results on July 28, saying total payment volume reached $486.4 billion for the three months ended June 30. That was up 10% from a year earlier, or 9% on a currency-neutral basis. The company also placed stablecoins inside its formal innovation plan and confirmed a three-business structure that includes Payment Services