Money & Crypto News

12 августа 2024 20:26

Coinbase plans to launch Gravity (G) trading on August 13th, U.S. Eastern Time

Coinbase announced that it will add support for Gravity (G) on the Ethereum network. Coinbase reminds you not to send this asset through other networks, otherwise the funds may be lost. If the liquidity conditions are met, the transaction will start at about 12 noon EST on August 13, 2024. In addition, the market shows that Gravity (G) exceeded $0.04 and is now reported at $0.04,171, an increase of 10.2% in 24 hours. The market fluctuates greatly, please do a good job in risk control.

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12 августа 2024 19:27

New York Federal Reserve: U.S. medium-term inflation expectations fall to a new low

According to the New York Federal Reserve's survey of consumer expectations, the one-year inflation forecast in July was 2.97%, slightly lower than 3.02% last month. The median inflation expectations in the next three years fell sharply by 0.66% to 2.3%, the lowest since the survey began in June 2013. . The New York Federal Reserve said that people's views on access to credit deteriorated in July compared with a year ago, reporting an increase in the proportion of households that were more difficult to obtain credit than a year ago. In addition, consumers expect that gasoline prices will rise by 3.46%, food prices will rise by 4.67%, medical expenses will rise by 7.61%, college education costs will rise by 7.15%, and rents will rise by 7.14% next year.

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12 августа 2024 18:20

Trump officially returns to the X platform

Former U.S. President Donald Trump officially returned to the X (formerly Twitter) platform and released a 151-second video. According to previous reports, Trump posted on X (original Twitter) for the first time in three years and said, "They want me to shut up, but I will never shut you up through them." They didn't come to me, they came to you. I just happened to get in the way of them, and I will never give in. We will make America great again!" It is worth noting that this tweet can only be accessed through a link, and it is suspected to enter the "search visible" state.

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12 августа 2024 16:54

IntoTheBlock: Only 66% of Ethereum addresses are currently profitable

On August 12, according to IntoTheBlock data, only 66% of Ethereum addresses are currently profitable.
Last week's market drop had a significant impact on Ethereum, leaving many holders in the red.
The last time a similar proportion of profitable holders was seen was in October 2023, when Ethereum was trading at around $1,800.

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12 августа 2024 15:54

Yesterday, Bitcoin miners' income hit a new low for the year, only $2.54 million

On August 12, Bitcoin miners' income (mainly through block rewards and transaction fees) continued to decline in two weeks and hit a new low for the year on August 11.
Yesterday, the daily income of the Bitcoin mining community fell to $2.54 million, a figure last seen in October 2023.

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12 августа 2024 14:54

Xinhuo Technology: Li Lin holds 31.25% of the equity of ABCDE Fund, which has an AUM of US$400 million

On August 12, Xinhuo Technology, a Hong Kong-listed company, issued a latest announcement stating that it has signed an asset management service framework agreement with its actual controller Li Lin to provide asset management services for its affiliated funds, including ABCDE Fund, New World Fund, New Era Fund and MS Fund, with a management fee of between 1-2%.

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12 августа 2024 13:54

Last week, digital asset investment products saw a net inflow of $176 million, and ETP trading activity increased significantly

According to CoinShares' latest weekly report on August 12, digital asset investment products saw a total net inflow of $176 million last week. ETP trading activity was much higher than usual, at $19 billion this week, compared to an average weekly volume of $14 billion so far this year.
Ethereum attracted $155 million in inflows last week. This brings its year-to-date inflows to $862 million, the highest level since 2021, mainly due to the recently launched U.S. spot ETF.

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12 августа 2024 12:54

"Trump & Twitter" concept MEME coins generally rose, TrumpX rose more than 13 times in 2 hours

On August 12, influenced by the news of Trump's return to Twitter, "Trump & Twitter" concept MEME coins generally rose, including:
New MEME coins:
· TrumpX on Ethereum rose more than 13 times in 2 hours, temporarily reported at 0.0₄24589 US dollars;
· XTrump on Solana rose more than 14 times in 2 hours, temporarily reported at 0.0₄10134 US dollars.

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12 августа 2024 11:54

Venezuela bans Binance, X and other platforms due to presidential election dispute

On August 12, the Venezuelan government blocked access to cryptocurrency trading platform Binance, social media platform X and other online services during riots caused by disputes over the results of the presidential election.
On August 9, the local anti-censorship organization VE sin Filtro posted that "it was detected that the DNS of the cryptocurrency exchange Binance was blocked, which affected the normal operation of its website and mobile application." Binance said that "like the websites of many companies in different fields in Venezuela (including social networks), Binance's page also faces access restrictions."

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12 августа 2024 10:54

Binance will force conversion of 15 tokens to USDC and remove tokens from withdrawal

On August 12, according to the official announcement, Binance will convert the following tokens to USDC at the snapshot time of 00:00 (UTC) on September 2, 2024, based on the user's holdings in the Binance wallet. The conversion will be completed at 23:59 (UTC) on March 1, 2025, and the equivalent USDC will be deposited into the user's Binance wallet. Users can withdraw the airdropped/delisted tokens as shown below before 23:59 (UTC) on September 1, 2024, and withdrawals will not be possible afterwards.

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12 августа 2024 09:54

Kinto: 2% of supply will be allocated as mining rewards before September 18

On August 12, the Layer2 network Kinto announced that Kinto's mining rewards will reach an all-time high. Before September 18, Kinto will allocate 2% of its token supply as mining rewards.
On June 27, the Layer2 network Kinto stated on the social platform that it has launched a mining plan and will allocate 2% of the supply this summer. Active users who deposit funds and application developers whose contracts receive the funds will receive rewards.

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12 августа 2024 08:54

LG subsidiary Wacon CEO arrested for allegedly planning crypto scam, involving "hundreds of billions of won"

On August 12, according to Cryptonews, Byun Young-oh, CEO of Wacon, a wholly-owned subsidiary of LG Group, was arrested for allegedly planning ETH-related cryptocurrency scams. The Seoul Central District Prosecutors' Office will prosecute Byun and another suspect, Yeom, for fraud.
The MainEthernet wallet service operated by Wacon was unable to withdraw funds normally in the summer of 2023. In November last year, Byun met with investors and claimed that he would return investors' money and said that "all problems can be solved in just 4 months." But prosecutors believe that this is a Ponzi scheme involving hundreds of billions of won, with about 500 victims, mainly elderly people. Byun had promised a return on investment of up to 45% to 50%, and denied the Ponzi scheme allegations last year.

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12 августа 2024 07:54

Dragonfly opposes CFTC's proposed ban on political prediction markets

On August 12, CoinDesk reported that Jessica Furr from Dragonfly Digital Management and consultant Bryan Edelman wrote to the U.S. Commodity Futures Trading Commission (CFTC) stating: "Political event contracts should not be equated with gambling activities such as the Super Bowl. Elections have significant economic impacts, and these contracts are designed to provide key risk hedging functions, comply with the requirements of the Commodity Exchange Act (CEA), and provide valuable forecasting data to the public."

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12 августа 2024 06:54

Pump .fun launched 11,796 Meme tokens in the past 24 hours, and only 157 were finally launched on Raydium

On August 12, according to Dune dashboard data, Pump .fun launched 11,796 Meme tokens in the past 24 hours, and only 157 were finally launched on Raydium, accounting for only 1.33%. As of now, Pump. fun has launched a total of 1,210,635 Meme tokens.

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12 августа 2024 05:32

A whale spent $3.13 million to buy 42 billion PEPE in the past 7 days, with a current profit of $170,000

According To Spot On Chain Monitoring, A Whale Named "cookislandstrust.eth" Is Trying To Buy PEPE Again. In The Past 7 Days, The Whale Has Spent A Total Of $3.13 Million And Bought 420 Billion P-pieces Twice. EPE, including the big sell-off on August 5 and two hours ago, now earns $170,000 (+5.4%). Whale also spent $7.05 million to buy 2,978 ETH near the bottom of August 5, and now earns $534,000 (+7.58%).

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12 августа 2024 19:51

Hundreds of lawyers around the world sent a joint letter to Biden: the surge in U.S. financial sanctions has suffered civilians

Hundreds of lawyers from all over the world called on the United States to stop using unilateral economic sanctions, saying that this tool is equivalent to collective punishment for civilians and is illegal under international law. In a letter to U.S. President Biden, lawyers, lawyers, legal organizations and scholars criticized the United States for increasingly relying on sanctions to punish and coerce its opponents, saying that these measures may lead to economic instability, hunger and a reduction in the supply of medicines and necessities. Collective punishment is the standard practice of U.S. foreign policy today, in the form of extensive unilateral economic and financial sanctions," the letter wrote. Although the use of sanctions is different from conventional warfare, "the collective impact on civilians may also be indiscriminate, punitive and lethal."

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12 августа 2024 18:47

The US SEC sent a letter to venture capital funds such as a16z and USV on the Uniswap issue

According to market news, the U.S. Securities and Exchange Commission (SEC) sent a letter to venture capital funds such as a16z and USV on the Uniswap issue.

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12 августа 2024 17:29

deBridge launches DBR token allocation qualification query page

On August 12, according to official news, the cross-chain interoperability protocol deBridge Foundation announced that the DBR token allocation qualification query page has been launched, with a total supply of 10 billion tokens and an initial circulation supply of 1.8 billion tokens.
Circulation at launch: 10% for the community and launch, 5% for the deBridge Foundation, and 3% for the ecosystem.
The remaining 82% will be unlocked once a quarter starting 6 months after the token generation event (TGE) for 3 years.

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12 августа 2024 16:29

Andrew Kang: I don’t think SUI’s market value will reach the level of SOL

On August 12, Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, responded to top trader Eugene Ng Ah Sio on social media, saying, “I don’t think SUI’s market value will reach the level of SOL, but its current market value is only 3.5% of SOL, which sounds like the arguments made by the .eth community before or during SOL’s outperformance.”

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12 августа 2024 15:29

TrumpX trading volume exceeds $6 million, market value temporarily reported at $3.8 million

On August 12, TrumpX, the concept MEME coin of "Trump & Twitter" on Ethereum, was launched less than 5 hours ago, and its trading volume has exceeded $6 million, reaching $6.3 million, and its current market value is temporarily reported at $3.8 million.
XTrump, the same concept MEME coin on Solana, has been launched since 15:00 today, with a trading volume of $3.6 million and a market value of $1 million.

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12 августа 2024 14:29

Bitcoin indicators show that it may have "bottomed out locally"

On August 12, Cointelegraph reported that Bitcoin sent out a third "local bottoming" signal in 2024. The latest research released by the on-chain analysis platform CryptoQuant on August 8 showed that the network value and transaction golden cross (NVT-GC) tool showed a bullish trend. Bitcoin prices are "overcooled".
This week, Bitcoin faced warnings of another price drop as the moving average showed a so-called "death cross". However, other market indicators called for a continued rebound.

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12 августа 2024 13:29

OKX opens contract Martingale season, with a total prize pool of 53,400 USDT

On August 12, according to official news, OKX will open the contract Martingale season from 16:00 on August 12, 2024 to 15:59 on August 26, 2024 (UTC+8), with a total prize pool of 53,400 USDT.
It is reported that this season covers three activities: 10U compensation for the first order of new strategy users, 500 USDT for the top 10 in the total return rate of the trading competition, and 50USDT reward for the first place in the daily single strategy ranking. Users can choose to participate freely.

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12 августа 2024 12:29

TNA Protocol will conduct an IDO on Bounce Launchpad

On August 12, the Bitcoin domain name protocol TNA Protocol will conduct an IDO on Bounce Launchpad, and its native token is BN. This Launchpad will provide 3 pools, and users need AUCTION to participate:
· AUCTION equity pool
· Fixed price public pool
· Fixed price whitelist pool
On April 30, TNA Protocol announced the completion of its first round of financing, with MH Ventures, Cogitent Ventures and CSP DAO participating in the investment, and the specific amount of financing has not yet been disclosed.

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12 августа 2024 11:29

Former Bank of Japan official rules out another rate hike this year

On August 12, according to CoinDesk, former Bank of Japan (BOJ) board member Masato Hashimoto said, "The Bank of Japan will postpone rate hikes until next year, which brings hope to risky assets. The central bank will not raise interest rates again until at least the end of this year. March next year is the next possible time for interest rate hikes, but this is still an unknown."

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12 августа 2024 10:29

Thailand launches cryptocurrency regulatory sandbox

On August 12, TheBlock reported that the Thai Securities and Exchange Commission (SEC) said that the country has launched a regulatory sandbox program for cryptocurrency companies. The Thai SEC said that the sandbox aims to "promote experimentation and support innovative developments in the effective provision of digital asset services in real-life contexts." The regulatory sandbox is open to 6 types of participants, including digital asset trading platforms, brokers, traders, fund managers, consultants and custodial wallet providers. Participants must pass the Thai SEC's assessment of capital adequacy, work systems and management structures before entering the sandbox.

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12 августа 2024 09:29

Former U.S. Treasury Secretary: No need for an emergency rate cut, but a 50 basis point rate cut in September may be appropriate

On August 12, former U.S. Treasury Secretary Summers warned that any president's influence on U.S. monetary policy making would ultimately harm the economy. He pointed out that government officials "always want to print more money and lower interest rates - step on the accelerator hard to boost the economy." This pressure raises expectations of inflation and pushes up long-term interest rates. He believes that such actions by government officials will only "increase inflation without substantial output growth."

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12 августа 2024 08:29

SkyBridge Capital founder: Trump's campaign is in chaos and undergoing personnel changes

On August 12, SkyBridge Capital founder and Trump critic Anthony Scaramucci posted on X: "The implosion has begun. Trump's campaign is in chaos, and Trump is looking for some scapegoats and making personnel changes."

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12 августа 2024 07:29

The Ethereum network burned 210 ETH on August 10, a new low for the year

On August 12, TheBlock reported that the daily ETH burning on the Ethereum network has dropped to the lowest level this year. The base fee currently fluctuates between 1 and 2 gwei, which is one of the lowest levels observed in recent years. Only 210 ETH were burned on Saturday, a new low for the year, but the net ETH issuance on that day exceeded 2,000, and Ethereum showed an inflationary trend.

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12 августа 2024 06:35

CEX Bitcoin holdings hit a new low since November 2018, currently holding about 2.36 million

On August 12, Bitcoin. com reported that 99,308 BTC worth $5.96 billion were transferred out of CEX in the past month. Cryptoquant data shows that CEX currently holds 2.67 million BTC (worth about $161 billion), a new low since November 19, 2018.
After November 19, 2018, CEX's Bitcoin holdings surged, reaching an all-time high of 3.374 million Bitcoins on July 23, 2021. However, with the collapse of Terra and FTX, CEX's Bitcoin holdings fell by 20.16% and are currently 2.67 million Bitcoins.

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12 августа 2024 04:51

Jupiter Lianchuang: There is no platform fee for exchange transactions on Jupiter

Jupiter Meow said in response to users in X that the team did not charge platform fees for exchange transactions on Jupiterjupag exchange is 100% free. The platform mentioned by the user is one of Jupiter's exchange API partners, and the platform charges a fee. Meow added that Jupiter has a new API function that allows them to choose fees in input or output, which will be useful in the future.

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