05 Aug 202412:59
Project update
Crypto events recap, August 2-5

Crypto events recap, August 2-5

Bitcoin

Plunged to its lowest level since February, amid a broad crypto market selloff, as investors reacted to various news events, including macroeconomic updates, Jump Crypto’s asset movements and the increasing odds of Kamala Harris winning the upcoming U.S. election against pro-crypto Donald Trump.



Jump Crypto

The crypto arm of Jump Trading, appears to be liquidating some of its positions, transferring coins from exchange hot wallets to exchange deposit addresses, according to blockchain data.



Sharpe AI

Rescheduled its listing to August 27th, 13:00 UTC to current market conditions. Sharpe AI is an AI-powered crypto super app.



Mirada AI

Postponed the MIRX token sale and listing with more details to be announced soon. Mirada AI is a decentralized AI tool.



Genesis

Crypto lender completed its restructuring process and began distributing $4B in crypto & cash.



BounceBit

Launched the Superfast, its innovative on-chain broker for quick and liquid trading.



Matr1x

The MAX token has been listed on multiple exchanges. Current price - $0.173. Diluted Valuation - $176.92M.



Robinhood

Platform has suspended its 24H trading service. The decision comes as stock markets in EU and Asia are significantly declining.



Bybit

Ended services & stopped offering products in France after the country made it harder for crypto firms to obtain proper licenses.



Intel

Intel's stock dropped around 30% on Friday, shaving some $39B from market cap since rumors of a pending layoff of 14,000 workers.



MicroStrategy

$MSTR down 24% on pre-market.



Coinbase

$COIN down 18% on pre-market.



Japan Stock Market

Suffers worst losses since 1987.



Taiwan Stock Market

Suffers worst losses since 1967.