Money & Crypto News

08 августа 2024 14:54

QCP Capital: The deputy governor of the Bank of Japan downplayed the possibility of another rate hike in the near future, the crypto market recovered but Ethereum still performed poorly

On August 8, QCP Capital's latest report pointed out that the deputy governor of the Bank of Japan downplayed the possibility of another rate hike in the near future. The crypto market seized the opportunity to recover, but Ethereum (ETH) still performed poorly. There may be upside limits in the near future. Jump Trading continues to sell Ethereum (21,394 wstETH remaining, about $63.6 million), and the Plus Token Ponzi 2 Ethereum wallet has transferred a total of 25,757 ETH (US$63.1 million) in the past 30 hours.

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08 августа 2024 13:54

MistTrack: Nomad Bridge attacker has transferred 17,000 ETH to Tornado Cash

On August 8, according to MistTrack monitoring, the address marked by the Nomad Bridge attacker has transferred 17,000 ETH (worth about 41.2 million US dollars) to Tornado Cash.

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08 августа 2024 12:54

Ethereum L2 TVL fell to $34.75 billion, a 7-day drop of 16.23%

On August 8, according to L2BEAT data, the current Ethereum Layer2 total locked value (TVL) fell to $34.75 billion, a 7-day drop of 16.23%. Among them, the top three locked values ​​are:
Arbitrum One (US$14.12 billion, a 7-day drop of 15.17%);
Base (US$6.08 billion, a 7-day drop of 13.26%);
OP Mainnet (US$5.32 billion, a 7-day drop of 14.81%).

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08 августа 2024 11:54

Binance will launch SOLUSD 1-20x quarterly and next quarterly coin-based delivery contracts

On August 8, according to the official announcement, Binance will launch SOLUSD CM quarterly 0927 and SOLUSD CM next quarterly 1227 coin-based delivery contracts at 20:00 (Eastern Time Zone 8) on August 14, 2024 and 20:05 (Eastern Time Zone 8) on August 14, 2024, with a maximum leverage of 20 times.

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08 августа 2024 10:54

Hong Kong Customs busted a money laundering group involving a shell company using virtual currency to launder HK$1.5 billion

According to financial reports, Hong Kong Customs busted a money laundering group and arrested four people. They were suspected of using multiple shell companies to collect a large amount of overseas cross-border remittances and launder HK$1.5 billion in virtual currency transactions. All of them are on bail pending investigation, and about 2.2 million assets in their multiple bank accounts have been frozen. Pan Yiqin, investigation director of the Customs Organized Crime Investigation Bureau, said that the four arrested people involved a family of three and a local man, among whom an Asian father and son in the family were the masterminds of the group. The investigation pointed out that they received large amounts of funds of unknown origin from overseas between 2020 and 2022, some of which involved overseas criminal activities. The two set up multiple shell companies in Hong Kong and transferred the large amounts of money obtained in two years to more than 30 accounts in 7 banks, with the largest single transfer amount reaching 23 million yuan.

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08 августа 2024 05:53

Bloomberg: Ripple ruling boosts market sentiment, cryptocurrencies rise slightly again

On Thursday, major cryptocurrencies saw modest gains following Ripple Labs Inc.'s $125 million fine, which the company considered a win over the U.S. SEC. Bitcoin climbed up to 4.5% to over $57,600, and Ethereum increased nearly 5%, though both remain below their levels from a week earlier. Meanwhile, global stock markets experienced a deeper sell-off due to economic concerns, Middle East tensions, and worries that investments in artificial intelligence might not meet expectations.

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08 августа 2024 05:39

Pump. Fun is now integrated into OKX Web3 wallet

according to the official website, Pump. Fun has been connected to the OKX Web3 wallet. Users can use the OKX Web3 wallet to conduct meme transactions on Pump. Fun.

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08 августа 2024 05:35

Terra blockchain will be suspended at block height 11,550,000 for chain upgrade

Terra announced that the Terra blockchain will be suspended at block height 11550000 (approximately 14:18 UTC time on August 8, 2024) for the planned chain upgrade, and no transactions will be processed during this period.

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08 августа 2024 04:56

Lookonchain: Jump Trading cashed out another $116.7 million 11 hours ago

Jump Trading withdrew $116.7 million recently. Since starting its ETH sell-off on July 24, the firm has taken out $611.78 million USDC from Binance and deposited $558.2 million USDC into Coinbase. The USDC deposited into Coinbase is likely to be converted into US dollars at a 1:1 ratio.

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Money & Crypto News

08 августа 2024 04:44

the U.S. Ethereum spot ETF had a net inflow of $99.8 million

the US Ethereum spot ETFs saw a net inflow of $99.8 million. Specifically, Grayscale ETHE experienced a net outflow of $39.7 million, while BlackRock ETHA had a net inflow of $111.3 million and Fidelity FETH saw a net inflow of $22.5 million.

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08 августа 2024 04:33

CoinDCX launches $6 million investor protection fund

Sumit Gupta, co-founder of CoinDCX, announced the creation of an investor protection fund aimed at compensating users for losses due to rare events like security breaches. The fund will start with nearly $6 million, sourced from CoinDCX's profits. This move follows a $230 million hack at competitor WazirX, which compromised nearly 45% of the value in a customer wallet.

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08 августа 2024 04:09

An address that has been dormant for more than 11 years transferred 250 BTC, with a floating profit of about 13.95 million US dollars

A Bitcoin address that had been inactive for over 11 years recently transferred all 250 BTC, worth approximately $13.98 million. With Bitcoin's current price, the address realized a floating profit of about $13.95 million.

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08 августа 2024 03:48

CME Fed Watch: The probability of the Fed cutting interest rates by 50 basis points in September is 71.5%

the probability of the Fed cutting interest rates by 25 basis points in September is 28.5%, and the probability of cutting interest rates by 50 basis points is 71.5%.

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08 августа 2024 03:26

Decentralized solver platform Khalani completes $2.5 million seed round led by Ethereal Ventures

The decentralized solver platform Khalani has secured $2.5 million in seed funding, led by Ethereal Ventures and supported by Nascent, Figment Capital, Arthur Hayes' family office Maelstrom, Jan Xie, Nick White, and others. Khalani's platform offers decentralized infrastructure that facilitates collaboration and interaction across multiple blockchains, helping users achieve their goals through its collaborative solutions.

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08 августа 2024 03:02

Uniswap Foundation: As of Q2, it holds $36.81 million in stablecoins and 680,000 UNI

the Uniswap Foundation reported holding $36.81 million in cash and stablecoins, along with 680,000 UNI tokens. These funds are designated for grants, operating expenses, and employee rewards. Specifically, $26.12 million will be allocated for grants ($22.46 million for new grants and $3.66 million for existing commitments), while $10.69 million is set aside for operating costs through the end of 2025. The Foundation expects these resources to last until the end of 2025.

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Money & Crypto News

08 августа 2024 14:29

Coinbase International Station has launched MEW, MEME and JASMY perpetual contracts

On August 8, Coinbase International Exchange posted on the X platform that Coinbase International Exchange and Coinbase Advanced have launched MEW, MEME and JASMY perpetual contracts, and the relevant markets have entered a full trading mode.

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08 августа 2024 13:29

Data: BTC options worth $1.763 billion and ETH options worth $506 million will expire and be delivered tomorrow

On August 8, according to Deribit data, BTC options with a nominal value of $1.763 billion will expire and be delivered tomorrow, with a Put Call Ratio of 0.67 and a maximum pain point of $59,500
ETH options with a nominal value of $506 million will expire and be delivered tomorrow, with a Put Call Ratio of 0.93 and a maximum pain point of $2,950.

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08 августа 2024 12:29

Jump Trading transferred ETH to Binance yesterday and then transferred out 32.6 million USDC

On August 8, according to Lookonchain monitoring, Jump Trading transferred ETH to Binance yesterday and then withdrew 32.6 million USDC from Binance. These USDC may be deposited in Coinbase (and may be converted into US dollars).
BlockBeats previously reported that on August 7, Jump Trading transferred 11,500 ETH to the sales address and continued to apply to redeem 19,049 stETH into ETH.

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08 августа 2024 11:30

WazirX: Decided to restore the balances of all accounts and reverse all transactions on the platform after the withdrawal was stopped on July 18

On August 8, the Indian crypto trading platform WazirX said on the X platform that after careful consideration of the situation and receiving a lot of user feedback, it decided to restore the balances of all accounts and reverse all transactions made on the WazirX platform after the withdrawal was stopped at 1 pm Indian Standard Time on July 18, 2024.
The asset balances of all users on the WazirX platform will be restored to the status at 1 pm on July 18, 2024. The restoration process will be completed in the next few days, and affected users will receive notifications about affected transactions via email.
This decision was carefully considered to protect the integrity of our platform and provide users with a fair outcome after the unusual cyber attack incident on July 18, 2024.

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Money & Crypto News

08 августа 2024 10:31

ZenAcademy founder: optimistic about Solana and ETH

According to financial reports, Zeneca, the founder of ZenAcademy and The 333 Club, wrote that the herd mentality in the cryptocurrency market is strong. Zeneca said that a year ago, if someone was optimistic about Solana, they would be considered stupid or completely ignored. Now, if you are not optimistic about Solana, you will be criticized. At the same time, he noticed that people who are currently optimistic about Ethereum are also considered stupid. Zeneca calls himself a "proud fool" because he is optimistic about both Solana and Ethereum.

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Money & Crypto News

08 августа 2024 05:39

Data: The top three CEX 24-hour capital inflows are Binance, Deribit and Bitget

among the mainstream trading platforms, the top three platforms with the largest 24-hour capital inflows are: Binance (US$72.52 million), Deribit (US$22.29 million), and Bitget (US$19.45 million).

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08 августа 2024 05:36

A whale deposited 5,000 ETH, about $11.6 million, into OKX 5 hours ago

according to Spot On Chain monitoring, 5 hours ago, a whale deposited 5,000 ETH (about 11.6 million US dollars) into OKX.

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08 августа 2024 04:58

Bank of Japan Deputy Governor: Bank of Japan will not raise interest rates if market is unstable

Shinichi Uchida, deputy governor of the Bank of Japan, stated that the central bank would refrain from raising interest rates if financial markets remain unstable. In his first public speech since the Japanese stock market's recent collapse, Uchida described current market trends as "extremely unstable" and emphasized the need to maintain an accommodative monetary policy. He noted that the impact of market trends on prices and the economy would influence future interest rate decisions. Following Uchida's comments, the yen fell by 2%, while the Nikkei 225 and Topix indices both rebounded by over 3%.

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08 августа 2024 04:48

Paidun: UwU Lend attacker transferred 1,000 ETH to Tornado Cash

according to Paidun monitoring, the UwU Lend attacker transferred 1,000 ETH to Tornado Cash, about $2.48 million.

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08 августа 2024 04:39

Paradigm co-founder Fred Ehrsam announces new startup Nudge, developing ultrasonic earphones

Fred Ehrsam, co-founder of Coinbase and Paradigm, announced the launch of a new company called Nudge, co-founded with Quintin Frerichs. Nudge is developing an innovative ultrasonic headset designed to enhance brain states and improve daily life. The headset aims to help users with sleep, concentration, habit changes, and mood improvement. The Nudge team consists of 11 engineers and scientists with experience from Vision Pro, Neuralink, SpaceX, and top institutions like Stanford.

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08 августа 2024 04:16

the U.S. Bitcoin spot ETF had a net outflow of $149 million

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08 августа 2024 04:02

Cryptocurrency Fear and Greed Index reaches 29, market panic eases

The cryptocurrency panic and greed index has risen to 29 today from 17 yesterday, indicating a reduction in market panic. The index, which ranges from 0 to 100, is calculated based on factors including volatility, market trading volume, social media activity, market research, Bitcoin's market share, and Google search trends.

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08 августа 2024 03:34

Goldman Sachs CEO: The Fed is not expected to cut interest rates urgently, and may cut interest rates 1-2 times in the fall

Goldman Sachs CEO David Solomon predicted that the Federal Reserve will likely avoid emergency rate cuts, as he expects the US economy to remain stable and avoid a recession. In an interview, Solomon indicated that while there may be no significant economic progress before September, he anticipates one or two rate cuts by the Fed this fall based on current economic data and signals from the Federal Reserve.

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08 августа 2024 03:15

Michael Saylor: Bitcoin is a scarce, valuable digital asset

Michael Saylor, founder of MicroStrategy, compared buying Bitcoin for strategic reserves to the historical Louisiana Purchase, emphasizing its potential impact. He supports the Bitcoin Strategic Reserve Act proposed by Senator Cynthia Lummis, which aims for the U.S. Treasury to accumulate 1 million bitcoins, nearly 5% of the total supply. Saylor views Bitcoin as a valuable, scarce digital asset, likening its future importance to that of the Louisiana Territory's historical value. He highlighted the Bitcoin 2024 conference as a pivotal event that garnered significant political support and suggested that if nations invest in Bitcoin, it would encourage institutions, companies, and individuals to do the same.

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08 августа 2024 02:50

BlackRock Submits SEC Filing Notice to List and Trade Options on its Ethereum Spot ETF

Nasdaq and BlackRock are set to launch options trading on BlackRock's spot Ethereum ETF, the iShares Ethereum Trust (ETHA). According to SEC filings, this move aims to offer investors a cost-effective way to gain exposure to spot Ethereum and to use options for hedging. The SEC has a 21-day comment period on the proposal, with a final decision expected around early April 2025, according to Bloomberg analyst James Seyffart.

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