Cryptocurrency hackers have now stolen over $1.2 billion following hacks in August, raising further concerns about widespread crypto adoption. The crypto industry saw a total of $1.21 billion worth of digital assets lost to hacks and rug pulls year-to-date in 2024 across 154 individual exploits. This represents a 15.5% increase compared to the same period in 2023, when losses totaled just over $1 billion, according to an Immunefi report shared with Cointelegraph.
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U.S. Vice President Kamala Harris now has a seven-point lead over Donald Trump on Polymarket, after flipping the prediction market odds on Aug. 9 and tying the day before. "Yes" shares for Harris were trading at 52 cents on the crypto-based betting platform Monday during U.S. morning hours, meaning the market sees a 52% chance she will win the presidency. Each share pays out $1 in USDC, a stablecoin, or cryptocurrency that trades at par with the U.S. dollar, if the prediction comes true, and zero if not. Trump shares were changing hands at 45 cents. Current levels put Harris at a premium when compared to polling aggregates. Real Clear Polling's average of polls has Harris with a 0.5 percentage point lead. Some mainstream polls still have Trump ahead: A poll sponsored by Harvard conducted at the end of July gives Trump a four percentage point lead, while CNBC's latest poll that surveyed up until Aug. 4 has Trump with a two-point lead, and Republican-leaning Rasmussen Reports gives Trump a five-point advantage.
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English football club Real Bedford (RBFC) has added a whopping $4.5 million worth of Bitcoin to its treasury. The club's chairman, Peter McCormack, who also happens to be a Bedford resident and well-known crypto podcaster, announced the purchase of 66.9 BTC at an average price of $67,220 per coin on Twitter. The exact purchase price was a very meme-friendly $4,500,420.69, he said. McCormack added the Bitcoin investment is part of Real Bedford FC's plan to climb the ranks of English football to reach the Premier League.
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