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🎉Girin Labs receives funding from the XRP Ledger Japan and Korea fund 🎉
📌Girin Labs has secured the first funding from the XRPL Japan and Korea Fund, which is part of Ripple's 1 Billion XRP commitment to provide financial, technical, and business support for developers and entrepreneurs building on the XRPL.
📌Girin Labs focuses on building user-friendly infrastructure and DeFi systems within the XRP Ledger and the Root Network ecosystem.
📌With this funding, Girin Labs will accelerate the development of the Girin Wallet, an XRPL-focused Web3 wallet supporting social login, and Lotus Protocol, the first lending and liquid staking token (LST) protocol on the Root Network, offering sustainable yield farming for XRP holders.
📌Girin Labs aims to further onboard users and revolutionize the XRP Ledger and Futureverse ecosystems through their innovative solutions.
More details: https://cointelegraph.com/press-releases/girin-labs-secures-funding-from-the-xrp-ledger-japan-and-korea-ecosystem-fund
#sponsored
The Fear and Greed Index has fallen to 26 (fear)
https://dropstab.com/
Justin Sun: “The rumors about our positions being liquidated are false. We rarely engage in leveraged trading strategies because we believe such trades do not significantly benefit the industry. Instead, we prefer to engage in activities that provide greater support to the industry and entrepreneurs, such as staking, running nodes, working on projects, helping project teams provide liquidity, and offering Total Value Locked (TVL) services.”
https://x.com/justinsuntron/status/1820327531532386481
Vitalik Buterin sold all 17.15B NEIRO for 44.53 ETH ($112.5K).
The Neiro team transferred 17.15B NEIRO (4.08% of the total supply) to vitalik.eth after the launch.
https://x.com/lookonchain/status/1820268156763648182
In the past 24 hours, long positions worth ~$720 million were liquidated.
https://www.coinglass.com/LiquidationData
The volume of Bitcoin moved by whales from exchanges has reached a 9-year high, with 84,000 BTC added by these large holders in July alone.
https://x.com/Cointelegraph/status/1819658600975151449
The crypto market is down
BTC Dominance - 55.10%
Market Cap - $2.18T
BTC - $60,764 (-1.43%)
ETH - $2,919.03 (-1.64%)
BNB - $529.3 (-2.28%)
STRK - $0.406 (-1.91%)
W - $0.2106 (-6.42%)
ZK - $0.1146 (-6.77%)
ZRO - $3.62 (-1.06%)
https://dropstab.com
Spot ETF Flow on 2.08: BTC-ETF -$237M, ETH-ETF -$54.3M
https://farside.co.uk/?p=997
The crypto market is down
BTC Dominance - 55%
Market Cap - $2.22T
BTC - $61,971 (-4.03%)
ETH - $2,982.69 (-5.85%)
BNB - $542.6 (-5.12%)
STRK - $0.412 (-9.33%)
W - $0.2249 (-6.25%)
ZK - $0.1222 (-12.17%)
ZRO - $3.66 (-7.57%)
https://dropstab.com
💧Current state of the market in our weekly overview
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DeBank announced Rabby added support for multi-signature wallets
https://debank.com/stream/2588580
The crypto exchange Bybit will no longer offer its products or services in France.
Starting Aug. 2 at 8:00 UTC, French users will not be able to purchase any type of produce, open new positions or add new ones. All Bybit products, such as Bybit Earn and all spot products, are included in the restriction, according to a company release.
French users will have any remaining unclosed open positions liquidated after Aug. 13 at 8:00 UTC. Afterward, only asset and fund withdrawals will be allowed.
https://www.theblock.co/post/308993/bybit-will-end-services-and-stop-offering-products-in-france
MicroStrategy reported a second quarter net loss of $102.6 million or $5.74 per share versus income of $22.2 million or $1.52 per share one year earlier.
The loss came as the company took an impairment charge on its bitcoin holdings of $180.1 million versus $24.1 million in the second quarter a year ago.
https://www.coindesk.com/business/2024/08/01/microstrategy-posts-gainloss-on-impairment-charge-in-q2-report/
Fantom has rebranded to Sonic Labs
https://x.com/0xSonicLabs/status/1819057799722414538
In the past 24 hours, long positions worth ~$218 million were liquidated.
https://www.coinglass.com/LiquidationData
💧 The Biggest Upcoming Unlocks
👉 https://dropstab.com/insights/vesting
🔥 Market Performance Over the Last 24 Hours
👉 https://dropstab.com/insights/top-performance
BTC is now trading at $50.1k
https://dropstab.com/coins/bitcoin
The Blast Stablecoin USDB has recovered to $0.9935 after losing its peg.
https://dropstab.com/coins/usdb
The crypto market is down
BTC Dominance - 56.04%
Market Cap - $1.92T
BTC - $54,290.52 (-10.61%)
ETH - $2,330.7 (-20.22%)
BNB - $445.19 (-15.28%)
STRK - $0.3473 (-13.67%)
W - $0.1802 (-13.34%)
ZK - $0.089 (-20.96%)
ZRO - $2.88 (-19.79%)
ARB - $0.4802 (-20.58%)
https://dropstab.com
Amber Group, HashKey and ArkStream criticised ZKX for abruptly ceasing operations without notifying their investors and market makers
https://x.com/ambergroup_io/status/1819756271823884715
https://x.com/HashKey_Capital/status/1819225266721579313
The Flow Crescendo Mainnet network upgrade will happen on September 4th, at 12:00 UTC
https://flow.com/post/flow-crescendo-road-to-mainnet-upgrade
The Fear and Greed Index has fallen to 37
https://dropstab.com
Kamala Harris' team and Democratic Party politicians will meet with crypto industry leaders on Monday, Aug. 5
https://x.com/EleanorTerrett/status/1819149516307562827
💧 Recent Lead Investments by the Most Profitable Tier 1 VCs
👉 https://dropstab.com/investors
Starknet Discord is currently compromised.
Please do not interact with the server, click any links, or respond to any messages until further notice.
https://x.com/Starknet/status/1819079824851320990
Coinbase Announces Second Quarter 2024 Financial Results
Total Revenue: $1.4B
Net Income: $36M
Adjusted EBITDA: $596M
https://s27.q4cdn.com/397450999/files/doc_financials/2024/q2/Q2-24-Shareholder-Letter.pdf
Spot ETF Flow on 1.08: BTC-ETF +$24.7M, ETH-ETF -$62.9M
https://farside.co.uk/?p=997
Injective Altaris is live on mainnet
Altaris is the first major upgrade to Injective following Volan which launched in January of 2024.
https://x.com/injective/status/1819109255762399249
Galaxy Announces Second Quarter 2024 Financial Results
Net loss of $177 million for the second quarter
Net income of $245 million for the six months
https://s201.q4cdn.com/407453138/files/doc_financials/2024/q2/Galaxy-Digital-Holdings-LP-Press-Release-6_30_2024.pdf