Money & Crypto News

16 августа 2024 18:47

BiFinance signs strategic investment agreement with Hong Kong-listed company SDM Education Group at a valuation of US$100 million

BiFinance's Series A financing valuation is US$100 million. The signing of a framework agreement between the two parties is in line with the group's business strategy to explore business opportunities in related industries. The group's directors believe that they will be able to utilize the contracting parties' expertise and experience in blockchain technology, real-world assets, digital assets, education, swallowing and speech therapy, and photography (if applicable), which is expected to help develop new business activities and strengthen existing business divisions.

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Money & Crypto News

16 августа 2024 17:29

The initial forecast for the one-year inflation rate in the United States in August was 2.9%, in line with expectations

On August 16, the initial forecast for the one-year inflation rate in the United States in August was 2.9%, the expected value was 2.90%, and the previous value was 2.90%.
In addition, the initial value of the University of Michigan Consumer Confidence Index in the United States in August was 67.8, the expected value was 66.9, and the previous value was 66.4.

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16 августа 2024 16:29

Bitcoin opponents: Bitcoin's recent performance proves that it is not suitable to be a reserve asset

On August 16, Bitcoin opponent Peter Schiff said that Bitcoin's recent performance shows why it is not suitable to be a reserve asset. "When everything is falling, Bitcoin falls the most. How can you use a reserve asset that falls more than the asset you are hedging?"

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Money & Crypto News

16 августа 2024 15:32

Trump: It is unfair for banks to refuse to provide services to Bitcoin and cryptocurrency companies

Financial report, Bitcoin Archive published an article on the X platform, Trump: It is unfair for banks to refuse to provide services to Bitcoin and cryptocurrency companies.

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Money & Crypto News

16 августа 2024 14:31

Ethereum's key support area is between $2,300 and $2,380

According to Into TheBlock data, about 1.62 million addresses purchased more than 50 million ETH between $2,300 and $2,380. Therefore, if Ethereum continues to decline, the price of the currency will have key support in the above price range.

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16 августа 2024 13:31

BitMex analyst: The recent crypto market is greatly affected by traditional finance, and it is recommended to focus on trading cryptocurrency trading pairs

According to financial reports, BitMex analysts said that Bitcoin's recent performance is worrying - it reacts violently to negative news from traditional markets, but performs mediocrely when positive macro news arrives.
To navigate this uncertain environment - consider focusing on trading cryptocurrency trading pairs instead of dollar-based trading pairs. This strategy can help mitigate the risk of macro influences and allow you to take advantage of the relative strengths/weaknesses of the crypto market.

Money & Crypto News

16 августа 2024 12:29

Lido Contributors Announce the Launch of Staking ETH (wstETH) on BNB Chain

On August 16, Lido contributors announced the launch of staking ETH (wstETH) on BNB Chain. This expansion represents Lido’s first secure integration with a Layer-1 blockchain outside of the Ethereum ecosystem. Now that wstETH is integrated, it can be transferred between Ethereum and BNB Chain using the Native Token Transfer (NTT) framework.

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16 августа 2024 11:54

A Coinbase user was stolen $100,000 in cryptocurrency after being contacted by a fake customer service through a Google ad

On August 16, according to Fortune magazine, Fred, who lives in Connecticut and is in his 60s, thought it was a good time to adjust some of the positions he held in his Coinbase account. After encountering some difficulties using the website, Fred decided to call the company. He searched for Coinbase on Google and saw an ad at the top of the page with a customer service phone number prominently displayed in the ad. After calling, a customer service representative told Fred that his account was one of the "older accounts" and needed to be updated. That's when the trouble began.

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Money & Crypto News

16 августа 2024 10:54

The maximum intraday increase of the meme coin SUNDOG on the TRON chain reached 1,245,614%, and the current price is 0.32 TRX

On August 16, according to sunpump data, the meme coin SUNDOG on the TRON chain rose all the way after it went online at 6:30 this morning, reaching a maximum of 0.436 TRX, with a maximum intraday increase of 1,245,614%. The current price is 0.32 TRX, down about 26% from the high point, and the intraday increase is still 914,185%, with a market value of 39.25 million US dollars.

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Money & Crypto News

16 августа 2024 09:49

An address spent 5,000 TRX to buy SUNDOG and has obtained a 104-fold return

On August 16, according to Lookonchain monitoring, the address TEP7...T1da spent 5,000 TRX (about $650) to buy 6.87 million SUNDOG earlier today, and sold 4.57 million SUNDOG at 522,840 TRX (about $68,000), earning 517,840 TRX (about $67,300) in just 7 hours, and obtained a 104-fold return. The address currently still holds 2.29 million SUNDOG, or $76,000 in unrealized profits.

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Money & Crypto News

16 августа 2024 08:55

HashKey Group COO: It is expected that the first virtual bank in Hong Kong will be approved for virtual asset trading services in the next quarter

According to financial reports, Livio Weng, COO of HashKey Group, said in an interview with 21st Century Business Herald that the virtual asset trading services of various virtual banks have not yet been launched and are still awaiting approval from the Hong Kong Monetary Authority. It is expected that the first virtual bank will be approved in the next quarter. In addition to virtual asset ETF trading, these banks also plan to expand their cryptocurrency product lines, including cooperating with virtual asset exchanges to provide users with direct purchase and trading of crypto assets. Livio Weng also pointed out that the development of virtual banks in Hong Kong in the field of virtual asset trading faces some challenges. The Hong Kong Monetary Authority's regulatory framework for virtual assets is still being improved, so virtual banks need to pay close attention to regulatory developments to ensure the compliance of their business and transactions.

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Money & Crypto News

16 августа 2024 07:54

A whale address transferred 1.323 million ETHFI to Binance again 3 hours ago

On August 16, according to monitoring by The Data Nerd, a whale address that received 10 million ETHFI 5 months ago transferred 1.323 million ETHFI to Binance again 3 hours ago, and currently still holds 5.735 million ETHFI.

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Money & Crypto News

16 августа 2024 06:58

cookislandstrust.eth sold 2,978 ETH that it bought at the bottom of the August 5 crash 1 hour ago

On August 16, according to the monitoring of on-chain data analyst Ember, cookislandstrust.eth sold the ETH that he bought at the bottom of the August 5 crash 1 hour ago.
It is reported that he spent 7.05 million USDT to buy 2,978 ETH at an average price of US$2,367 after the crash on August 5, and sold all of them at a price of 2,586 1 hour ago, making a profit of US$720,000. So far, all the ETH and PEPE that he bought at the bottom after the market fell on August 5 have been sold, with a total profit of US$750,000 (+7%).

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16 августа 2024 05:55

Goldilocks DAO Completes $1.5 Million Strategic Round of Financing, Led by Shima Capital and Hack VC

Goldilocks DAO, part of the Berachain ecosystem, has completed a $1.5 million strategic financing round led by Shima Capital and Hack VC, with contributions from Public Works, Iberia Capital, Rana DAO, Atka Incubator, and angel investors. Goldilocks is developing interconnected DeFi products on Berachain, including an NFT lending and yield trading platform that leverages Berachain's unique culture and technical features.

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16 августа 2024 05:31

Arthur Hayes: If the fiat currency system collapses, Bitcoin will surge

BitMEX co-founder Arthur Hayes posted on social media that if the Bank of Japan and the Federal Reserve do not allow the interest rate gap between the US dollar and the yen to narrow, the market will continue to increase leverage. If the fiat currency system collapses, or more fiat currency liquidity chases and flows into assets with limited supply, Bitcoin will skyrocket.

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16 августа 2024 18:18

KIP Protocol, a decentralized underlying protocol focused on AI, completes $5 million in private round of financing, led by Animoca Ventures and Tribe Capital

KIP Protocol, a decentralized underlying protocol focusing on AI, announced the completion of a $5 million private financing, which was jointly led by Animoca Ventures and Tribe Capital. Other investors include GBV Capital, DWF Ventures, Morningstar Ventures, etc. As of now, KIP Protocol has completed a total of $10 million in financing.

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Money & Crypto News

16 августа 2024 16:54

Asset management company Metalpha applied to Lido to redeem 10,000 ETH

On August 16, according to @ ai_9684xtpa monitoring, asset management company Metalpha applied to Lido to redeem 10,000 ETH in the past 40 minutes, worth $25.72 million.
Since August, the institution has redeemed a total of 20,000 ETH from Lido, of which 6,895 of the last 10,000 ETH redeemed have been deposited into Binance in the past two days, worth $17.57 million, and are suspected of being sold.

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16 августа 2024 15:54

Arweave AO launches temporary data storage solution ArFleet

On August 16, according to official news, Arweave AO announced the launch of temporary data storage solution ArFleet.
It is reported that ArFleet will be launched at 11 am Eastern Time on Thursday, August 29. Users can apply to register for the test network on the designated page. After completion, they will receive 3 exclusive ArFleet Genesis Passes, which can obtain the right to use the test network after ArFleet is launched.

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16 августа 2024 15:11

Elon Musk: US inflation is caused by "printing more money"

According to financial reports, Elon Musk posted on the X platform that US inflation is caused by "printing more money", spending more money than earning. To solve inflation, the US government must reduce wasteful spending.

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Money & Crypto News

16 августа 2024 13:56

BlackRock's crypto ETF on-chain holdings exceed Grayscale Fund for the first time

According to Arkham data, BlackRock's ETF holdings exceeded Grayscale Fund for the first time. BlackRock's ETF IBIT and ETHA's on-chain holdings just exceeded Grayscale's ETF GBTC, BTC Mini, ETHE and ETHMini, becoming the largest entity among collective holders. BlackRock's ETF holdings are $21,217,107,987, and Grayscale's ETF holdings are $21,202,480,698.

Money & Crypto News

16 августа 2024 13:01

Fed's Goolsbee: Some leading recession indicators are sending warning signals

Financial report, Fed's Goolsbee said that some leading recession indicators are sending warning signals.

Money & Crypto News

16 августа 2024 12:25

Bernstein rates Bitcoin miners Riot, CleanSpark, IREN and Core Scientific as "outperformers"

Financial report: In its Bitcoin mining report released today, research and brokerage firm Bernstein rated Riot Platforms, CleanSpark, IREN and Core Scientific as "outperformers", while Marathon Digital was rated as "market performers". The evaluation is based on five key indicators: production and computing power, operational and energy efficiency, electricity, computing power costs and artificial intelligence strategy. Core Scientific leads in computing power costs and AI strategy, while CleanSpark and IREN excel in energy efficiency. Although Riot lags behind slightly in production and efficiency, it makes up for it through electricity points and improved production efficiency. Marathon has improved its operating efficiency by switching to a self-operated mining model.

Money & Crypto News

16 августа 2024 11:29

DefiLlama founder: DEX Screener earns $150,000-250,000 per day by charging fees to add token information

On August 16, DefiLlama founder 0xngmi posted on social media, "Just started tracking the fees of the real-time DEX analysis tool DEX Screener on DefiLlama. They earn $150,000 to $250,000 per day by charging $300 per token to add information such as TG links and pictures."

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Money & Crypto News

16 августа 2024 10:29

Trump has earned more than $7 million from NFT licensing fees

On August 16, CoinDesk reported that according to the US presidential election disclosure documents, Donald Trump holds Ethereum worth $1 million to $5 million and has earned considerable income from NFT licensing fees. Although the amount of Ethereum listed in the document is not specific, Arkham Intelligence lists the holdings of Trump's wallet as $3.6 million.

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16 августа 2024 09:21

Bitcoin sidechain developers release BitVM2 white paper, scalability enhanced

On August 16, BOB co-founder Alexei Zamyatin posted on social media that Bitcoin expansion developers have released a new white paper on the second version of the Bitcoin virtual machine, BitVM2, and the updated BitVM Bridge. The white paper details the latest achievements in improving transaction efficiency within the Bitcoin network by improving transaction processing capabilities and, in some cases, updating encryption methods.

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16 августа 2024 08:29

Galxe and Google Cloud have reached a cooperation to jointly promote the application of Web3 technology

According to financial reports, Galxe has reached a cooperation with Google Cloud. The cooperation between the two parties aims to use infrastructure to promote the application of Web3 technology. By integrating services such as AlloyDB, BigQuery and Google Kubernetes Engine, Galxe will provide scalable, secure and high-performance AI, digital identity and blockchain solutions. This cooperation will help Galxe efficiently manage large data sets, improve performance, and promote the further popularization of Web3.

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16 августа 2024 07:29

DEAR, a dark-style full-chain game incubated by the ARPA team, has now launched its third round on B3

On August 16, according to official news, DEAR, a full-chain game incubated by ARPA Network, launched its third round on B3, a horizontally scalable game ecosystem based on Base. This expansion marks another important milestone in DEAR's journey, which will continue to push the boundaries of gaming through the innovative use of blockchain technology.
B3 is built on the solid foundation of Base, simplifying the complex management of blockchain infrastructure, allowing developers to focus on enhancing the gaming experience. This enables DEAR to provide a richer and more immersive experience without facing the technical obstacles common to blockchain games.

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Money & Crypto News

16 августа 2024 06:32

A South Korean public official is accused of embezzling about $440,000 in public funds to buy cryptocurrencies

On August 16, according to Yonhap News Agency, the Cheongju District Prosecutor's Office in South Korea said on the 13th that a public official in the Cheongju City Government who was responsible for supervising the student work arrangements and support projects for North Korean defectors who settled in Cheongju, embezzled 600 million won (about $440,000) of public funds and invested in cryptocurrencies by forging various official documents for about 7 years from January 2017. The prosecutor's office has now arrested and prosecuted him for embezzlement and forgery of official documents. A spokesman for the Cheongju District Prosecutor's Office said they have seized property and assets, including apartments and vehicles, in an attempt to recover the funds. Prosecutors said they intend to file a comprehensive case in order to sentence the defendant to a sentence commensurate with his crime.

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Money & Crypto News

16 августа 2024 05:35

Cumberland received a total of approximately 1.46 billion USDT from Tether within half a month

according to monitoring by The Data Nerd, Cumberland has received a total of approximately 1.46 billion USDT from Tether in the past two weeks (August), which has set a record high. In particular, when Bitcoin was at a low of $49,000, USDT inflow was the highest.

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Money & Crypto News

16 августа 2024 05:22

A whale address is suspected to have purchased 1,474 BTC from Galaxy Digital OTC 7 hours ago

a certain whale address was suspected to have purchased 1,474 BTC worth $84.03 million from Galaxy Digital OTC 7 hours ago.

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