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💧Current state of the market in our weekly overview
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Donald Trump announces that he will introduce a plan to turn the US into the ‘crypto capital of the planet’
He also mentioned World Liberty Financial, a DeFi project being promoted by his sons.
https://x.com/realDonaldTrump/status/1829141447087648796
Upbit announces USDC/KRW, USDC/BTC, USDC/USDT support
https://x.com/official_upbit/status/1829325772269736395
Alchemy acquires blockchain infrastructure provider Bware
https://www.theblock.co/post/313538/alchemy-acquires-blockchain-infrastructure-provider-bware
Orderly Network discord has been compromised.
Do not click any links.
https://x.com/OrderlyNetwork/status/1829177473902465446
Binance announces BNSOL.
No details yet.
https://x.com/binance/status/1829111814094741707
io.net (IO): “One of our moderator's account has been compromised.
To protect everyone, we've temporarily muted the channels. We're actively working to resolve the issue and will re-open the channels shortly. Thank you for your understanding and patience.”
https://x.com/ionet/status/1829037014337106074
The TON blockchain is back online after a second outage. This outage lasted just over four hours.
TON blamed the outage on a "heavy load attributed to DOGS token minting."
https://www.coindesk.com/markets/2024/08/29/ton-back-online-after-second-outage/
OpenAI in talks to raise funding that would value it at more than $100 billion
https://www.cnbc.com/2024/08/28/openai-in-talks-to-raise-funding-that-would-value-it-at-more-than-100-billion.html
The crypto market is neutral
BTC Dominance - 55.47%
Market Cap - $2.11T
BTC - $59,158.35 (-0.64%)
ETH - $2,524.17 (+2.04%)
BNB - $540.3 (+0.46%)
SOL - $143.28 (-3.11%)
XRP - $0.5712 (+0.47%)
TON - $5.58 (+4.98%)
ZRO - $3.88 (+2.2%)
https://dropstab.com
Telegram Founder and CEO Pavel Durov has been released from police custody and is now being transferred to court.
https://x.com/watcherguru/status/1828798983571206444
OpenSea CEO Devin Finzer said the NFT marketplace has received a Wells Notice from the SEC.
"OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities," said Finzer in a post on X.
https://www.theblock.co/post/313515/opensea-ceo-says-nft-marketplace-received-wells-notice-and-pledges-5-million-to-help-defend-creators-against-sec
Vitalik Buterin: “Airdrops are a fascinating initial use case for ZK / blockchain-based identity / credential / attestation frameworks.
The goals of an airdrop are:
(i) distribute to community members [and not randos who will all immediately sell]
(ii) reward contributions to the project
(iii) be reasonably egalitarian [but some disparity is ok]
(iv) resist extractive/adversarial farming
These are exactly the properties that identity / credential / attestation frameworks (eg. see ideas in https://vitalik.eth.limo/general/2024/08/21/plurality.html#8_1 ) are trying to achieve.
Hence, for anyone building such frameworks, it makes perfect sense to use token issuance as an initial use case to beta-test and refine their work in an adversarial environment.”
https://x.com/VitalikButerin/status/1828727585204842867
OKX will list EigenLayer (EIGEN) pre-market futures on August 29th at 10:00 UTC
https://x.com/okx/status/1828739594507931897
TON is now producing blocks normally
https://dton.io/
https://x.com/ton_blockchain/status/1828666523998691503
Spot ETF Flow on 29.08: BTC-ETF -$71.73M, ETH-ETF -$1.77M
https://sosovalue.com/assets/etf/us-btc-spot
Frax Finance has introduced Frax Name Service (FNS)
FNS is a fork of Ethereum Name Service (ENS) for the Frax ecosystem. It retains ENS's core features but FNS burns FXS tokens instead.
Claim your .frax username here: https://www.frax.com/fns
https://x.com/fraxfinance/status/1829183229397741945
The crypto market is neutral
BTC Dominance - 55.63%
Market Cap - $2.10T
BTC - $59,036.68 (-0.2%)
ETH - $2,517.86 (-0.26%)
BNB - $530.7 (-1.79%)
SOL - $138.88 (-3.36%)
XRP - $0.5618 (-1.6%)
TON - $5.44 (-2.58%)
ZRO - $4.13 (+6.16%)
https://dropstab.com
Bybit and BitGet announced bbSOL and BGSOL
Exchanges are likely preparing to launch tokens for liquid staking on Solana.
https://x.com/Bybit_Official/status/1829129333727801842
https://x.com/bitgetglobal/status/1829135333273051174
There's about an hour left until Story Protocol's NFT mint ends
https://x.com/StoryProtocol/status/1828455575199572173
💧 Top Memes by FDV Launched this Summer
👉 https://dropstab.com/tab/memes
Spot ETF Flow on 28.08: BTC-ETF -$105.19M, ETH-ETF +$5.84M
https://sosovalue.com/assets/etf/us-btc-spot
ParaFi Capital Raises $120 Million, to Buy Stakes in Other Crypto Funds
Investors include Theta Capital Management and Accolade.
https://www.bloomberg.com/news/articles/2024-08-28/parafi-capital-raises-120-million-to-buy-stakes-in-other-crypto-funds
Pavel Durov, the founder and CEO of the messaging app Telegram, has been released from custody after being charged by French authorities and placed under judicial supervision after appearing in court.
He was barred from leaving France and required to post 5 million euros — roughly $5.5 million at the time of publication — in bail before he could be released from custody.
https://cointelegraph.com/news/telegram-ceo-pavel-durov-france-court
Flow launched its rewards program
DATES: August 28 - September 30, 2024
PARTICIPATE: By locking up FLOW during this period, users can earn up to a 15% boost on their locked amount.
REWARDS: Rewards and FLOW will be distributed over the first 60 days of Season 1.
https://x.com/flow_blockchain/status/1828820379143692560
Hamster Kombat's TGE and AirDrop are on September 26th.
/channel/hamster_kombat/291
Cardano Blockchain Heads for 'Chang Hard Fork,' Biggest Upgrade in Two Years
The main feature of the upgrade is to give Cardano the ability to introduce on-chain governance features.
The Chang hard fork was initially set to go through this week, but Hoskinson announced on Friday that it had been pushed back to Sept. 1 so some exchanges, including Binance, could prepare their systems.
https://www.coindesk.com/tech/2024/08/28/cardano-blockchain-heads-for-chang-hard-fork-biggest-upgrade-in-two-years/
Oyster Labs has unveiled an upgraded UBS1
Price: $159.99
https://x.com/oysterecosystem/status/1828308369641480620
💧 Recent Funding Rounds Backed by Top Tier Angels
👉 https://dropstab.com/investors
In the past 24 hours, long positions worth ~$287 million were liquidated.
https://www.coinglass.com/LiquidationData