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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
China needs to spend up to $1.4T over two years in stimulus funds to reflate its economy and return it to sustainable growth: FT
*The stimulus, which would be up to 2.5 times the “bazooka” package China enacted after the global financial crisis in 2008.
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Bitcoin ETF inflows flip positive for first time in two weeks: Market
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According to Lookonchain, Metalpha, a Hong Kong asset management company affiliated with Bitmain, has deposited another 10,000 Ethereum worth about $23.45 million to Binance today. In the past 4d, Metalpha has deposited a total of 33,589 Ethereum worth about $77.55 million to Binance. Currently, Metalpha still holds 51,300 Ethereum worth about $120 million. — link
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Teneo: 3AC Liquidation Address: 0xC7…3741 transferred 2.07 million STRK (about $856k) to Wintermute for OTC sale on September 9. The address also transferred 1.12 million ARB to Binance Deposit on September 10, worth about $583k. — link
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Users lost more than $5.6B in 2023 through crypto-related fraud — a 45% jump from 2022: FBI
*People over 60 years old were most scammed, they lost ~$1.6B
*Investment scams were the most common, accounting for 71% of losses with 32k complaints & $3.9B loss
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TON hits record transaction highs post-Durov arrest while token price plummets 30% — link | tl;dr
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JUST IN: 🇯🇵 Japan's largest power company TEPCO is mining #Bitcoin using surplus energy ⚡️
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FYI: 🟠 Bitcoin is still up 113% in the last year 💅
Bears in disbelief
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a16z CSX and hack VC backed PIN AI raises $10M to rival Apple Intelligence in an Open Source manner. - 𝕏/@PINAI_IO
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Lazy Summer protocol aims to onboard 100M users by offering passive DeFi earnings integrated into familiar apps. - lazy.summer.fi
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Kaiko: September is shaping up to be volatile. BTC’s 30-day volatility has spiked to 70%, nearly double last year’s levels and close to March’s peak when BTC hit its all-time high. ETH’s volatility has surpassed both March’s levels and BTC’s this September. This is notable because September volatility has historically been much lower than Q1. — link
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Data shows that the Friend Tech team earned $52.4M through the protocol, and they transferred a total of 19,477 ETH to Coinbase. Jeffrey Huang has suffered at least $15 million in floating losses from buying FRIEND. From May 3 to June 8, he spent 4,975 ETH (about $15.6 million) to buy 8.6 million FRIEND at an average price of $1.81, and then continued to buy until the current 11 million FRIEND. — link
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Onchain trading activity has continued to taper lower with the rolling 7-day decentralized exchange (DEX) volumes for both Ethereum and Solana reaching levels last seen in February this year — link
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On September 9, the Bitcoin spot ETF had a total net inflow of $28.7196m. Grayscale ETF GBTC had an outflow of $22.76m, and Fidelity ETF FBTC had an inflow of $28.5954m. Ethereum spot ETF had a total net outflow of $5.198m, and continued to have a net outflow for 5 days. Grayscale ETF ETHE had an outflow of $22.6426m. — link
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Singapore police are investigating seven individuals suspected of providing Worldcoin accounts and token trading services, and have arrested five people. Three men are suspected of recruiting people to create Worldcoin accounts on behalf of multiple entities, and then controlling these accounts and tokens in exchange for cash. — link
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After Binance announced the launch of RPL contracts yesterday, the price of RPL soared 28%. Investment institution 1kx took this opportunity to sell 203,319 RPLs, worth about $2.38 million. As an investor in Rocket Pool, 1kx has recently sold RPL frequently through Amber Group. — link
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Sony proposes Soneium L2, with Sony Bank operating a Japanese yen stablecoin - 𝕏/@delzennejc
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The New Derive (formerly Lyra) Rebrand - youtube.com
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NEW: 🟠 Holding ≥0.1 #Bitcoin puts you in the top 8.44% of all HODLers 💪
Keep stacking! 🫡
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JUST IN: Jim Cramer says he is "waiting for NVIDIA to bottom."
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Rabby releases GasAccount to simplify gas payments using USDT/USDC to pay gas fees on any network - 𝕏/@Rabby_io
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Ethereum LRT protocol Ether fi announced that it will launch a crypto Visa credit card Cash on Scroll Network. Ether fi Cash allows users to use fiat currency while using crypto assets as collateral, and can hold cryptocurrencies and earn interest on daily purchases. The card is currently in use within Ether fi and will begin shipping to pre-order customers on September 16. — link
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a16z Crypto announced the 21 startups to join Crypto Startup Accelerator (CSX) Fall 2024 cohort, including Anera Labs, Banyan, Blocksense, Cork Protocol, Fermah, Future Primitive, MeshMap, Term Labs, zkSpin and more. a16z CSX invests a minimum of $500,000 in each company that’s accepted. — link
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New article by Andre Cronje.
Unlocking an $11.3 trillion market on-chain for the first time. - 𝕏/@AndreCronjeTech
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DefiLlama launches Llama Feed - feed.defillama
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Aave and EtherFi launch v3 EtherFi Instance, boosting liquidity and capabilities for weETH in an isolated market. - aavechan.notion.site
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NEW: 🟠 Michael Saylor says Bitcoin is going to $13 million on CNBC 👀
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