Binance has been issued a tax showcause notice of nearly $86 million in India.
Binance has challenged the notice, which covers the period June 2017-March 2024, according to a person familiar with the matter.
https://www.coindesk.com/policy/2024/08/06/binance-has-challenged-indias-86m-tax-showcause-notice-source/
The Ronin Network bridge has been paused while it investigates a report from whitehats about a potential MEV exploit.
PeckShieldAlert reports $9.33 million hack.
https://x.com/Psycheout86/status/1820771028420739140
https://x.com/PeckShieldAlert/status/1820769744292872240
Donald Trump says the US government shouldn't sell its cryptocurrency
https://www.theblock.co/post/309588/donald-trump-says-the-us-government-shouldnt-sell-its-cryptocurrency
Zircuit announced its tokenomics, mainnet launch and airdrop details
Zircuit Token (ZRC) has a Total Supply of 10,000,000,000 tokens.
Allocation:
21.00% Airdrop & Community Rewards:
- 7.00% Season 1 Airdrop
- 14.00% Future Airdrops & Community Rewards
12.61% Community Provisions
17.93% Ecosystem Development
18.70% Foundation
18.74% Team
11.02% Investors
https://docs.zircuit.com/tokenomics/zircuit-token-zrc
London-based hedge fund Capula Investment Management reported owning $464 million worth of shares in spot bitcoin ETFs issued by BlackRock and Fidelity.
https://www.theblock.co/post/309500/hedge-fund-giant-capula-reports-owning-464-million-in-spot-bitcoin-etf-shares
The crypto market is growing
BTC Dominance - 55.31%
Market Cap - $1.99T
BTC - $55,516.01 (+2.34%)
ETH - $2,484.7 (+5.59%)
BNB - $477.2 (+6.9%)
ZRO - $3.2 (+9.25%)
ZK - $0.099 (+9.88%)
STRK - $0.365 (+3.61%)
ARB - $0.5018 (+3.92%)
W - $0.1866 (+2.93%)
https://dropstab.com
💧 Top Funding Rounds in the Last 7 Days
👉 https://dropstab.com/insights/latest-fundraising-rounds
Binance CEO: „Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend.“
https://x.com/_RichardTeng/status/1820399869884027299
🎉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
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
💧 Ongoing Testnets with Potential Airdrop
👉 https://dropstab.com/tab/ongoing-testnets-4xrwshdfs1
💧 Top 5 Upcoming TGE and Listings in August
👉 https://dropstab.com/tab/august-tge-2chdsylrtb
Spot ETF Flow on 5.08: BTC-ETF -$168M, ETH-ETF +$49M
https://sosovalue.com/assets/etf/us-btc-spot
Top 300 gainers in 24h: NEIRO +91%, TAO +37%, MEW +34%, BRETT +25%, ARKM +24%, AAVE +23%, MNT +18%
https://dropstab.com/insights/top-performance
The team at Renzo Protocol has been focused on fundamentals all summer.
ezETH is leading the pack when it comes to peg, oracle and liquidity stability.
- Withdrawals have been enabled since early June
- Oracles have been update to reduce the risk of cascading liquidation
- Liquidity has been significantly improving
https://x.com/lucaskozinski/status/1820495551538029015
Circle is discontinuing support for USDC on the Flow (Cadence) blockchain effective September 3, 2024 at 7:00 UTC, due to the upcoming network upgrade.
Minting on USDC on Flow will continue through August 27, 2024 at 16:00 UTC.
https://www.circle.com/blog/circle-is-discontinuing-support-for-usdc-on-flow-cadence-due-to-the-chains-upcoming-network-upgrade
A meeting between White House advisers and the crypto industry has been rescheduled for later this week.
The exact date will be announced later.
https://x.com/EleanorTerrett/status/1819472970688975051
Intel CEO, Pat Gelsinger has posted a prayer hedge against further market declines
https://x.com/PGelsinger/status/1820129317122080977
Robinhood halts 24 hour trading
https://x.com/WatcherGuru/status/1820353606752592221
🔥 Market Performance Over the Last 24 Hours
👉 https://dropstab.com/insights/top-performance
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