Crypto asset manager Grayscale Investments announced the launch of two crypto investment trusts, adding Bittensor and Sui to its product suite. On Aug. 7, the crypto investment provider said that its Grayscale Bittensor Trust product will focus on investing in TAO (TAO), the native token of the Bittensor protocol. The project uses tokens to provide incentives to develop open-source artificial intelligence.

Grayscale introduces Bittensor and Sui trust products

Jump Trading — the market maker who contributed to the recent market correction — is still selling Ether, but the market may be approaching a bottom. Jump Trading sold another 11,501 Ether (ETH) worth over $29 million and redeemed another $48 million worth of Ether in preparation for selling.

Jump Trading sells another $29M Ether with $63M left to go — Is the bottom near?

Crypto trading firm Cumberland may be “buying the dip,” taking advantage of the current market downturn to turn a profit using a $95 million investment. On Aug. 7, blockchain analytics platform Lookonchain flagged that the crypto trading firm received 95 million Tether (USDT) from the stablecoin issuer’s treasury. After receiving USDT tokens from the Tether treasury, Cumberland distributed them to various cryptocurrency exchanges.

Cumberland buys the dip? Trading firm deposits $95M to exchanges

The price of XRP surged 26% as a New York federal judge moved closer to ending a three-year securities lawsuit against Ripple Labs, which executives are calling a “victory” for the industry. On Aug. 7, a judge ordered Ripple Labs to pay a $125 million civil penalty and...

XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’

Over $350 million worth of Ether tokens are set to be unlocked in the next nine hours, threatening to drive the ETH price below a critical support level. A total of 145,380 Ether (ETH) is set for withdrawal at 8:00 pm UTC, threatening an additional $353 million worth of selling pressure for the world’s second-largest cryptocurrency, according to TokenUnlocks data.

$350M Ether set for withdrawal in next 9 hours — Can ETH price remain above $2.2K?

Kentucky State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

MultiversX, a non-Ethereum Virtual Machine (EVM) blockchain, has introduced MultiversX Snap for MetaMask, featuring an onchain two-factor authentication (2FA) protective feature. According to a press release shared with Cointelegraph, MultiversX Snap allows MetaMask users to connect to the MultiversX ecosystem while enhancing security measures via 2FA. MetaMask Snaps are third-party...

MetaMask users gain 2FA security via MultiversX Snap integration

Chicago, IL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The United States Internal Revenue Service (IRS) has updated its draft form for taxpayers to report digital asset transactions starting in 2026. In an Aug. 8 notice, the IRS released a draft of Form 1099-DA, “Digital Asset Proceeds From Broker Transactions.” The form, if approved by the tax service, the form would allow US taxpayers to report crypto transactions from 2025 by the filing deadline in April 2026.

IRS updates draft of crypto reporting form for US taxpayers

Nexera protocol has been exploited for $1.5 million worth of digital assets in another smart contract security incident. Nexera, a decentralized finance (DeFi) protocol aiming to bridge DeFi with traditional finance, was hacked for $1.5 million worth of Nexera (NXRA) tokens, according to an Aug. 7 X post by Cyvers:

DeFi protocol Nexera hacked for $1.5M via smart contract exploit

Addison, IL

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Chicago Food King

Living in the area of Wood Dale, I am always on the hunt to try somewhere local and support them. I remember trying Elio Pizza several years ago and I was not really impressed with the food. However, my biggest complaint was the atmosphere created by the employees. My first interaction felt very cliquey, with preferential treatment given to people they knew instead of new customers.

This Popular Italian Restaurant in Addison has lost my business for good—no more Chances.

Denver, CO

David Heitz

The Denver City Council accepted Monday two grants totaling $24.5 million from the state of Colorado to pay for the homeless navigation campus it opened last year. One council member wants answers as to why wraparound services at the campus aren't up and running.

Denver homeless hotel wins $24.5 million grant, experiences wraparound services delay

The Bitcoin price has recovered 13% since dropping to $49,050, but the commencement of 2024’s so-called “ghost month" is expected to keep investors cautious, especially in the Asian market. What is a ghost month?. This year, the ghost month is from Aug. 4 to Sept. 2. According to...

Bitcoin ‘ghost month’ started with a 20% BTC price flash crash — What’s next?

A Nomad Bridge exploiter-labeled address has transferred 14,500 Ether, worth approximately $35.2 million, to Tornado Cash, a popular cryptocurrency mixing service. According to an X post by PeckshiedAlert, funds linked to the August 2022 Nomad Bridge hack were transferred on Aug. 8. However, the transfer of 14,500 Ether (ETH) follows...

Nomad Bridge hacker moves $35.2M in ETH to Tornado Cash

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Tennessee State

John M. Dabbs

NASHVILLE, Tenn. — The Tennessee Department of Health (TDH) has issued a health alert to clinicians statewide following reports of severe acute illnesses and adverse effects of consuming Diamond Shruumz™ brand chocolate bars, cones, and gummies. The warning comes after the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) received reports of serious health issues linked to these mushroom-containing edible products.

Tennessee Health Alert: Severe Illnesses Linked to Diamond Shruumz™ Products

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

NewsBreak

Grayscale, Bitwise, NYSE American apply to list options on 3 Ether ETFs

The New York Stock Exchange (NYSE) American LLC has proposed a rule change that will allow it to list and trade options for three Ether exchange-traded...

Grayscale, Bitwise, NYSE American apply to list options on 3 Ether ETFs

Comments / 0