UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]

Excitement builds around BlockDAG as its presale captivates both traders and crypto enthusiasts. So far, the BDAG presale has amassed an impressive $66.7 million, propelling BDAG’s valuation by 1600% for those who bought in early. This significant increase places BlockDAG as a leading contender in the 2024 crypto race. Meanwhile, Ripple (XRP) is revamping global […]

Arbitrum DAO voted on implementing liquidity staking for ARB holders to motivate users to lock their tokens onchain. The liquidity staking will route deposits to governance participants to secure the DAO against governance attacks looking to steal funds from its treasury. The Arbitrum DAO voted on a proposal to integrate staking utility for the Arbitrum […]

Here is how some of your favorite assets concluded the week.

Cryptocurrency market sees mixed fortunes as top coins diverge in performance this week. Continue reading at DailyCoin.

The Shiba Inu coin ecosystem has launched ShibTorch, a community-driven burn portal now live on the Shibarium Layer-2 network. This allows Shiba inu token holders to actively participate in reducing the coin’s circulating supply. Source: X New Platform Allows Direct Participation in Shiba Inu Coin Burning ShibTorch introduces a transparent and interactive dashboard that enables […]

A church group in Colorado, known as the Colorado House of Prayer, has turned to blockchain technology to buy a chapel worth $2.5 million.

TeraWulf’s second-quarter earnings report, released earlier in August, demonstrated mixed performance. While the company produced less BTC than in the same period in 2023, its revenue increased modestly compared to the estimated figures. TeraWulf’s Q2 Results The report revealed that TeraWulf mined 699 BTC across its Lake Mariner and Nautilus Cryptomine facilities, a 21% decrease […]

Coinbase is launching a new initiative to explore the integration of artificial intelligence (AI) with cryptocurrency wallets. The company has introduced an accelerator grant program offering $3,000 to each of five selected projects that demonstrate innovative ways to combine AI with crypto wallets. The purpose of this paper is to discuss how large language models […]

UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]