News & Research

The speculative fervor surrounding AI agent tokens has subsided, but the underlying technology continues to advance, according to a new report from Tiger Research, an Asia-based Web3 research and consulting firm. The firm noted that while the crypto industry has integrated AI in many ways, the AI agent sector initially garnered the most attention, with the market capitalization for these tokens once reaching $16 billion. However, this interest faded as the technological development of most projects failed to meet expectations, leading to a price collapse of more than 90% from their peak. Tiger Research emphasized that this price decline does not signify a technological regression, stating that AI agents remain a crucial field within the crypto industry as discussions on practical applications become more concrete and new approaches are continually explored.

Binance resumed trading on its USDT and USDC perpetual futures markets at 6:38 a.m. UTC. The resumption came 21 minutes after an error occurred.

Trading on Binance's USDT- and USDC-margined perpetual futures was abruptly halted at approximately 6:17 a.m. UTC on Friday. The outage affects both the exchange's web and mobile app platforms.

Tron (TRX) network fees will be reduced by 60% starting at 12:00 p.m. UTC on Aug. 29, founder Justin Sun announced on X. The decision follows a community vote. The Tron community plans to adjust network fees on a quarterly basis in the future, taking into account factors such as TRX price changes and network activity levels.

The 24-hour long/short position ratios for BTC perpetual futures on the world's top three cryptocurrency futures exchanges by open interest are as follows: Overall: 41.19% long / 50.81% short 1. Binance: 47.8% long / 52.2% short 2. Bybit: 49.63% long / 50.37% short 3. Gate.io: 50.12% long / 49.88% short

Binance founder and former CEO Changpeng Zhao said that while the growing corporate adoption of Digital Asset Treasury (DAT) strategies is positive for the market, it also requires caution. Speaking at the Bitcoin Asia event in Hong Kong on Aug. 29, Zhao noted that these strategies provide traditional stock market investors with indirect exposure to cryptocurrencies and aid in the broader adoption of crypto and Bitcoin. However, he warned that if the market enters a downturn, the stock prices of these companies could fall simultaneously with the value of their crypto assets. Zhao advised that investors in such companies should therefore carefully monitor market volatility and structural risks.

Bitcoin Infrastructure Acquisition Corp., a special purpose acquisition company (SPAC) led by CEO Ryan Gentry, an executive at Lightning Labs, is pursuing a $200 million initial public offering (IPO) on the Nasdaq, Cointelegraph reported via its official X account.

Five opposition parties in Argentina are pushing to relaunch an investigation into President Javier Milei's involvement with the memecoin Libra (LIBRA), CryptoSlate reported. The opposition claims that investors suffered massive financial losses due to the president's promotion of the token. Milei had previously promoted LIBRA on his X account. Following a crash in the token's price, he was investigated by the country's anti-corruption office and subsequently disbanded the task force assigned to the case.

Global cryptocurrency exchange OrangeX announced that it has raised $20 million in a Series B funding round. The round was led by existing lead investor Kryptos, with SCI Ventures participating as a major investor. This follows a $10 million Series A round the company secured in September 2023. OrangeX plans to use the new capital to accelerate the optimization of its infrastructure and its global market expansion.

Canada-based crypto infrastructure provider Luxfolio is pursuing a $73 million capital increase, Decrypt reported. The company may use the funds to purchase additional LTC. Luxfolio aims to secure one million LTC by 2026 and has been disclosing its purchase information since July.