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CoinMarketCap Announcements

Celsius Distributes Over $2.5 Billion to Creditors in Bankruptcy Case
https://coinmarketcap.com/academy/article/celsius-distributes-over-dollar25-billion-to-creditors-in-bankruptcy-case

In a significant development in the Celsius bankruptcy case, the crypto lender's administrator has distributed over $2.53 billion to more than 251,000 creditors.

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Vitalik Buterin Questions DeFi's Long-Term Viability, Sparks Debate in Ethereum Community
https://coinmarketcap.com/academy/article/vitalik-buterin-questions-defis-long-term-viability-sparks-debate-in-ethereum-community

MediaEthereum has faced its share of criticism about whether decentralized finance (DeFi), one of the main use cases, has genuine long-term value.

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CoinMarketCap Announcements

EigenLayer’s EigenDA Expands Support for Native Token Restaking in L2 Networks
https://coinmarketcap.com/academy/article/eigenlayers-eigenda-expands-support-for-native-token-restaking-in-l2-networks

EigenDA, the data availability protocol developed by EigenLayer, has announced an expansion of its services to support native token restaking for layer-2 scaling networks.

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Bitcoin Stagnates as Analysts Warn of Imminent Price Correction
https://coinmarketcap.com/academy/article/bitcoin-stagnates-as-analysts-warn-of-imminent-price-correction

Bitcoin (BTC) grinded downwards following the Wall Street open on August 26, as analysts issued warnings of a possible short-term price correction.

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Hong Kong's Bitcoin Spot ETFs Surpass HKD$2B in Assets
https://coinmarketcap.com/academy/article/hong-kongs-bitcoin-spot-etfs-surpass-hkddollar2b-in-assets

Hong Kong's spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, surpassing 2 billion Hong Kong dollars.

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Telegram Co-Founder Pavel Durov Arrested in France, TON Plummets 18%
https://coinmarketcap.com/academy/article/telegram-co-founder-pavel-durov-arrested-in-france-ton-plummets-18percent

Pavel Durov, the co-founder and CEO of Telegram, was detained in France on Saturday after arriving on his private jet from Azerbaijan.

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CoinMarketCap Announcements

If you speak Spanish 🇪🇸 and would like to know more about TON ecosystem, join us LIVE NOW!

🎙️ ¿Qué sucede en el ecosistema de Ton? AirDrops y más

Link: https://coinmarketcap.com/community/es/live/339205194/

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Crypto Hacks Lead to Long-Term Price Declines, Immunefi Report Reveals
https://coinmarketcap.com/academy/article/crypto-hacks-lead-to-long-term-price-declines-immunefi-report-reveals

According to a recent security report, most cryptocurrencies struggle to recover in value following hacks.

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Ethereum Spot ETFs Face Record Outflows Amid Grayscale Exodus
https://coinmarketcap.com/academy/article/ethereum-spot-etfs-face-record-outflows-amid-grayscale-exodus

The U.S. spot Ethereum (ETH) ETFs have experienced five consecutive days of outflows, in contrast to spot Bitcoin (BTC ETFs, which marked the fifth consecutive day of net inflows.

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SunPump Surpasses $1.1 Million in Revenue on Tron Blockchain
https://coinmarketcap.com/academy/article/sunpump-surpasses-dollar11-million-in-revenue-on-tron-blockchain

SunPump, a memecoin platform on the Tron blockchain, has generated over $1.1 million in revenue just 11 days after its launch.

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BlackRock's Ethereum ETF Surpasses $1 Billion in Net Inflows
https://coinmarketcap.com/academy/article/blackrocks-ethereum-etf-surpasses-dollar1-billion-in-net-inflows

BlackRock's spot Ethereum (ETH) ETF, the iShares Ethereum Trust ETF (ETHA), has exceeded $1 billion in net inflows.

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Bitcoin Rises as Fed Hints at Possible Rate Cut in July Meeting Minutes
https://coinmarketcap.com/academy/article/bitcoin-rises-as-fed-hints-at-possible-rate-cut-in-july-meeting-minutes

MediaBitcoin (BTC)'s price has increased following the release of the U.S. Federal Reserve's July meeting minutes, and is currently trading at $60,271.

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Trump Considers Elon Musk for Cabinet Role if Elected President
https://coinmarketcap.com/academy/article/trump-considers-elon-musk-for-cabinet-role-if-elected-president

In an interview with Reuters on August 19, Republican nominee for the 2024 U.S. presidential election, Donald Trump, has expressed interest in appointing Tesla CEO.

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Solana-based Drift Protocol Launches BET Prediction Market, Challenging Polymarket
https://coinmarketcap.com/academy/article/solana-based-drift-protocol-launches-bet-prediction-market-challenging-polymarket

Solana-based perpetual decentralized exchange Drift Protocol unveiled BET, which stands for Bullish on Everything, a prediction market platform.

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Bitcoin Struggles to Match Gold's Record Highs Amid Market Uncertainty
https://coinmarketcap.com/academy/article/bitcoin-struggles-to-match-golds-record-highs-amid-market-uncertainty

MediaSeen as a long-term store of value, Bitcoin (BTC) has mirrored gold's performance in the past. However, this isn’t the case now.

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CoinMarketCap Announcements

Russia to Launch Cryptocurrency Exchange Trials for Cross-Border Payments Starting September 2024
https://coinmarketcap.com/academy/article/russia-to-launch-cryptocurrency-exchange-trials-for-cross-border-payments-starting-september-2024

Moscow, Russia - In a move to circumvent Western restrictions, the Russian government has announced plans to launch regulated trials of cryptocurrency exchanges for cross-border payments.

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NFT Sales Rebound on Major Blockchains After Prolonged Decline
https://coinmarketcap.com/academy/article/nft-sales-rebound-on-major-blockchains-after-prolonged-decline

MediaAfter declining throughout 2024, the weekly sales volumes of non-fungible tokens (NFTs) on some of the leading blockchains for digital collectibles have finally turned positive.

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CoinMarketCap Announcements

PayPal's Stablecoin PYUSD Surpasses $1 Billion in Market Cap
https://coinmarketcap.com/academy/article/paypals-stablecoin-pyusd-surpasses-dollar1-billion-in-market-cap

PayPal’s stablecoin, PayPal USD (PYUSD), has reached a significant milestone, surpassing $1 billion in total market capitalization, according to CoinMarketCap.

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Toncoin (TON) Could See Rebound Following Sharp Decline After Durov’s Arrest
https://coinmarketcap.com/academy/article/toncoin-ton-could-see-rebound-following-sharp-decline-after-durovs-arrest

Toncoin (TON) experienced a significant drop in value over the past 24 hours, plummeting as much as 21% to $5.33 on August 25.

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Robert F. Kennedy Jr. Suspends Presidential Campaign, Backs Donald Trump
https://coinmarketcap.com/academy/article/robert-f-kennedy-jr-suspends-presidential-campaign-backs-donald-trump

Robert F. Kennedy Jr. revealed that he is suspending his independent bid for the White House to endorse former President Donald Trump.

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Bitcoin Faces Potential ‘Bart Simpson’ Move Amid Market Caution
https://coinmarketcap.com/academy/article/bitcoin-faces-potential-bart-simpson-move-amid-market-caution

Bitcoin (BTC) is currently hovering around $63,840 as of August 26, after a surge to $64,800 in the early morning of the Asian trading session.

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NFT Marketplace Magic Eden Revamps Token Strategy with ME Token Launch
https://coinmarketcap.com/academy/article/nft-marketplace-magic-eden-revamps-token-strategy-with-me-token-launch

Magic Eden announced plans to launch the ME token through the rebranded ME Foundation.

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Franklin Templeton's OnChain FOBXX Fund Now on Avalanche Network
https://coinmarketcap.com/academy/article/franklin-templetons-onchain-fobxx-fund-now-on-avalanche-network

Franklin Templeton, a leading asset manager, has launched its Nasdaq-listed OnChain U.S. Government Money Fund (FOBXX) on the Avalanche blockchain.

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Bitcoin Spot ETFs See Fifth Day of Net Inflows
https://coinmarketcap.com/academy/article/bitcoin-spot-etfs-see-fifth-day-of-net-inflows

U.S. spot Bitcoin ETFs attracted $39.5 million on Wednesday, showing robust demand for these ETFs despite market uncertainty.

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Tether to Launch Stablecoin Pegged to UAE Dirham
https://coinmarketcap.com/academy/article/tether-to-launch-stablecoin-pegged-to-uae-dirham

Tether, the major stablecoin issuer, has announced plans to create a new stablecoin linked to the United Arab Emirates Dirham (AED).

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Value of Most Expensive NFTs Plummet as NFT Winter Continues
https://coinmarketcap.com/academy/article/value-of-most-expensive-nfts-plummet-as-nft-winter-continues

The once-booming market for non-fungible tokens (NFTs) has cooled significantly from its peak when digital artwork captivated global attention.

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Make sure to tune into our upcoming CMC Live in Korean! Exclusive live session hosted on CMC Live with top-tier KOL/Traders!!

🎙 [CMC Live] 변동성 높은 가상자산 시장 헤쳐나가는 방법: 국내 탑티어 KOL 투자전략

📅 8/21 (수/오늘), 오후 10시 (KST)

🔥 라이브 알림 예약: https://coinmarketcap.com/community/post/339089588

🔍 변동성 높은 가상자산 시장에서 성공적인 투자 전략을 배워보세요! 국내 탑티어 ‘KOL/트레이더’들로부터 실용적인 통찰을 얻고 빠르게 변화하는 가상자산 세계에서 앞서 나가세요! ‘CMC (코인마켓캡)’와 함께 금주 ‘수요일 (21일) / 오후 10시 (KST)’에 만나요!

⭐ 더 나은 라이브 경험을 위해 CMC 앱을 다운로드 후, 푸시 알림 허용 부탁드립니다.

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Ethereum's Gas Fee Plunges to Under 1 Gwei, Analysts Suggest Bottom is Near
https://coinmarketcap.com/academy/article/ethereums-gas-fee-plunges-to-under-1-gwei-analysts-suggest-bottom-is-near

Ethereum (ETH), the second-largest cryptocurrency by market cap, is witnessing a significant drop in gas fees amidst lackluster user activity, reaching their lowest levels in years.

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Glassnode: Short-Term Holders’ “Overreaction” Led to Bitcoin’s Sharp Drop
https://coinmarketcap.com/academy/article/glassnode-short-term-holders-overreaction-led-to-bitcoins-sharp-drop

Glassnode analysts attribute the August 5 Bitcoin (BTC) crash, which saw BTC plummet by over 15% to a six-month low of $49,050, to an "overreaction" by short-term holders.

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Tron's Sundog Meme Coin Soars Amid Launch of Justin Sun’s SunPump
https://coinmarketcap.com/academy/article/trons-sundog-meme-coin-soars-amid-launch-of-justin-suns-sunpump

MediaTron's meme coin, Sundog (SUNDOG), has gained significant attention since its launch on August 15.

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