Here are some of the latest crypto news and updates:
*Market Updates*
- *Bitcoin*: Bitcoin's price has been volatile, briefly topping $113,000 before falling below $108,000. It recently reclaimed $110,000, but the market remains fragile.
- *MemeCore*: MemeCore's market cap nears $1 billion, with a 70% rebound in the last week, but warning signals have emerged.
- *Solana*: Solana's price doubled as network activity crashed, prompting analysts to warn of a bearish divergence.
*Notable Events*
- *Venus Protocol*: A Venus Protocol user suffered a $30 million loss in a major error, while another user lost $13.5 million in a phishing attack.
- *Starknet*: Starknet suffered its second mainnet outage in two months, raising concerns about network reliability.
- *Metaplanet*: Metaplanet cleared a path for a $3.7 billion Bitcoin accumulation strategy and secured $449 million in Bitcoin purchases in August.
*Regulatory Developments*
- *South Korea*: South Korea's Financial Services Commission (FSC) chair nominee mentioned stablecoins on a "national" blockchain, while the country joins global efforts to crack down on offshore crypto evasion.
- *Hong Kong*: 77 firms are reportedly eyeing Hong Kong's new stablecoin licenses.
*Partnerships and Investments*
- *Kite AI*: PayPal Ventures backed Kite AI with $18 million to power AI agents.
- *Ether Machine*: Ether Machine raised $654 million in private financing ahead of its Nasdaq listing.
- *Coincheck*: Japan's Coincheck acquired France-regulated Aplo to expand global crypto services ¹ ² ³.