Money & Crypto News

11 августа 2024 14:29

In the past 90 days, only the meme coin sector has maintained an increase, while the AI ​​and blockchain game sectors have both fallen by more than 60%

On August 11, according to Dune panel data, in the past 90 days, only the meme coin sector has maintained an increase, while the AI ​​and blockchain game sectors have both fallen by more than 60%. Among them:
The meme coin sector rose by 2.89%, making it the only sector to maintain an increase among the 11 sectors monitored. The Layer1 sector fell by 15.21%, which was relatively resistant to declines. The blockchain game sector and AI sector fell by 60.69% and 63.6% respectively.
Note: This panel selects mainstream tokens from different sectors as observation targets and combines them into indexes to calculate the rise and fall of each sector.

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11 августа 2024 13:29

The total Bitcoin contract holdings on the entire network reached 28.57 billion US dollars, an increase of 1.23% in the past 24 hours

On August 11, according to Coinglass data, the total Bitcoin contract holdings on the entire network reached 28.57 billion US dollars, an increase of 1.23% in the past 24 hours.
In addition, the total Ethereum contract holdings on the entire network reached 10.668 billion US dollars, an increase of 2.54% in the past 24 hours.

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11 августа 2024 12:29

Solana Smart Network 375ai Completes $5 Million Seed Round, Led by 6MV

On August 11, Solana Edge Data Smart Network 375ai announced on the X platform that it has completed a $5 million seed round, led by 6MV, with participation from Arca, Escap Velocity, Primal Capital, and Auros. The specific valuation information has not yet been disclosed.
375ai provides blockchain-based decentralized edge data smart network nodes and mobile applications for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, and receive rewards.

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11 августа 2024 11:29

Currently, more than 41% of WBTC is used for lending, and MakerDAO is the largest acceptor

On August 11, according to ai_9684xtpa monitoring, WBTC currently supports Ethereum/Base/Kave/Osmosis/Tron networks, of which Ethereum mainnet casting accounts for as high as 99.8%. As of today, 154,726 WBTC (worth $9.45 billion) have been minted, accounting for 0.78% of the total market value of Bitcoin. According to Dune panel data, more than 41% of WBTC is currently used in the lending ecosystem, of which the largest use case (acceptor) is MakerDAO, and nearly 32% is used for direct transactions.
It is reported that WBTC (Wrapped Bitcoin) is an ER20 token issued on the Ethereum network, and its value is linked to Bitcoin at a one-to-one ratio; each WBTC has a corresponding Bitcoin as a reserve, which is managed by a custodian (currently Bitgo) to ensure that WBTC holders can exchange it for Bitcoin at any time. WBTC was first proposed in 2017, and the white paper was officially released and put into use in 2019. By 2020, the scale of locked BTC had exceeded US$2.1 billion, making it a well-deserved "bridge between Bitcoin and Ethereum."

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11 августа 2024 10:24

AU approves promotion of "Continental Artificial Intelligence Strategy" in member states

On August 11, Cointelegraph reported that the Executive Committee of the African Union (AU) has approved the "Continental Artificial Intelligence Strategy", which aims to promote the adoption of artificial intelligence by the public and private sectors in African member states, including Nigeria. This milestone decision was officially announced on the AU website on August 9.

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11 августа 2024 09:30

MakerDAO plans to reduce the size of WBTC collateral to deal with potential risks of custody changes

On August 11, MakerDAO plans to launch a "reduce WBTC collateral size" proposal in the executive vote on August 12 to deal with potential risks of custody changes. Including:
Core Treasury
Reduce the WBTC-A DC-IAM quota (maximum guarantee amount) from 500M to 0;
Reduce the WBTC-B DC-IAM quota (maximum guarantee amount) from 250M to 0;
Reduce the WBTC-C DC-IAM quota (maximum guarantee amount) from 500M to 0.

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11 августа 2024 08:29

The U.S. CFTC has paid a $1 million reward to a whistleblower in a digital asset case

On August 11, according to News.Bitcoin, the U.S. Commodity Futures Trading Commission (CFTC) announced on August 8 that it had paid a $1 million reward to a whistleblower for providing previously unknown details of improper transactions on a digital asset platform.
Under the Commodity Exchange Act (CEA), the CFTC did not disclose the identity of the whistleblower, the specific enforcement action, or the exact amount of the reward. CFTC Enforcement Director IanMc Ginley praised the whistleblower, saying that their information was critical as more and more Americans became victims of digital asset scams.

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11 августа 2024 07:29

The current Ethereum network gas fee is 2 Gwei

According to Etherscan data, the current Ethereum network gas fee is 2 Gwei.

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11 августа 2024 06:32

Cornell University professor: Exaggerated promises and hype bring new risks to cryptocurrencies

On August 11, Eswar Prasad, a professor at the Dyson School of Business at Cornell University, published an article in the New York Times, expressing serious concerns about the increasing risks in the cryptocurrency market, and pointed out that regulatory loopholes and centralization are key issues. Prasad said, "If anything, today's cryptocurrencies pose even greater risks to investors and financial institutions than before."

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11 августа 2024 05:21

IBM launches "Lightweight Engine" to provide generative AI services to the financial technology sector

IBM has launched WatsonX. ai, a lightweight generative AI engine designed for corporate customers, particularly small and medium-sized enterprises in emerging sectors like fintech. This solution, which supports local deployment, offers enhanced data security and compliance compared to similar cloud services from competitors. IBM aims to address the need for efficient, cost-effective AI deployment by providing a platform with lower resource usage, catering to companies like JPMorgan Chase, which recently acquired ChatGPT access for its large workforce.

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11 августа 2024 04:49

OKX Wallet announces integration with DePIN modular platform IoTeX

OKX has integrated the DePIN modular platform IoTeX into its wallet, allowing users to display and manage IoTeX L1 chain assets and use its on-chain app through OKX. With over 50 million users, this integration is expected to boost traffic to the IoTeX ecosystem and DePIN. Following IoTeX 2.0's upgrade to a modular platform, the ecosystem has expanded significantly. Recently, IoTeX formed a strategic alliance with TON to introduce 950 million TG users to DePIN and further discussed its development strategy with Filecoin.

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11 августа 2024 04:37

Tether CEO: MiCA regulation poses "systemic risk" to stablecoins and even the banking system

Tether CEO Paolo Ardoino criticized the EU's MiCA regulation, stating it poses systemic risks to stablecoins and the broader banking system. He argues that instead of enhancing safety, MiCA introduces significant risks. Effective since June 30, MiCA imposes strict rules on stablecoin operations within the European Economic Area, including requiring at least 60% of reserves to be held in EU bank accounts. Ardoino noted that this could lead to vulnerabilities similar to those seen in bank runs due to the partial reserve banking system and the low insurance limit of $100,000 for cash deposits in the EU, which he feels is insufficient for large issuers like Tether.

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11 августа 2024 03:51

the U.S. Ethereum spot ETF had a net outflow of $15.7 million

⏩BlackRock ETHA net inflow of US$19.6 million
⏩Grayscale ETHE net outflow of US$41.7 million
⏩Grayscale Mini ETH net inflow of US$2.4 million
⏩Fidelity FETH net inflow of US$3.9 million

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11 августа 2024 03:40

Atari launches classic arcade game Breakout on Base, and related NFT Mint revenue will be distributed to developers and artists

Atari has launched the classic arcade game Breakout on the Base blockchain, following its July announcement of a partnership with Base to release a blockchain version of Asteroids. Players can connect their Coinbase, MetaMask, Rainbow, or WalletConnect wallets to play Breakout and mint an NFT for 0.0015 ETH (approximately $3.60). Minting proceeds will go to the developers and artists involved in the game.

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11 августа 2024 03:16

Adidas and Doodles launch a limited edition NFT gift package, including digital collectibles and physical clothing

Adidas has partnered with Ethereum NFT series Doodles to sell virtual gift packs, allowing buyers to purchase exclusive physical clothing. The limited edition collection gift packs will be available for purchase until August 16, with two items in each pack. The retail price of a single pack is $4.99, while the price of sets containing 2 to 100 packs is $8.49 and $374.99 respectively.

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11 августа 2024 13:54

Data: The largest single-day drop in the crypto market value so far in 2024 was 8.4%, which occurred on March 20

On August 11, according to CoinGecko statistics, the largest single-day drop in the crypto market value so far in 2024 was 8.4%, which occurred on March 20. In addition, there was a recent 4-day decline, which caused the total market value of cryptocurrencies to shrink from $2.44 trillion on August 2 to $1.99 trillion on August 6.
Looking back over the past decade, the largest single-day correction experienced by the global crypto market occurred on March 13, 2020, during the Covid-19 crash, with a drop of 39.6%. The massive sell-off caused the total market value of cryptocurrencies to plummet from $223.74 billion to $135.14 billion.

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11 августа 2024 12:54

Baby Doge: Will seek to invest in and acquire more companies or projects

On August 11, Baby Doge announced on the X platform that it is looking for more companies or projects that can be strategically invested in or acquired. It has started collecting project recommendations and data collection. Previously, Baby Doge announced the acquisition of the encrypted media Coin. News at the end of July this year.

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11 августа 2024 11:54

DeFi protocol Chateau completes seed round financing, led by Hack VC

On August 11, Chateau, a DeFi protocol for the private capital market, announced the completion of its seed round financing, led by Hack VC. The specific financing amount and valuation have not been disclosed.
Chateau provides institutional-level on-chain RWA asset investment services, currently covering stocks, debt and derivatives. Its platform supports the tokenization of traditional assets and ensures end-to-end compliance.

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11 августа 2024 10:54

Nigerian Bitcoin advocates sue government ban, seek to recognize Bitcoin as a commodity

On August 11, according to News.Bitcoin, a Nigerian Bitcoin supporter James Utudor filed a lawsuit against the government, which named the Nigerian presidential office, finance minister and attorney general as defendants. Utudor said that he wanted to eliminate the ban on cryptocurrency trading platforms through litigation and ensure that all Nigerians have unrestricted access. Seek a court ruling to confirm the rights of Bitcoin and USDT holders and to recognize Bitcoin as a commodity.
Nigerian officials previously claimed that these global trading platforms allow criminals to engage in activities that undermine the devaluation of the local currency. In addition, they also accused these trading platforms of failing to pay taxes, despite Nigeria's significant contribution to their revenue.

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11 августа 2024 09:54

Jupiter co-founder: Bitcoins held by WBTC should not be used for other purposes, BitGo should clarify community doubts

According to a financial report, Jupiter co-founder meow published a "Letter to WBTC's new and old custodians" on social media, saying, "When we started the WBTC project a few years ago, we chose Bitgo as a partner because we believe that it is most important to have a partner who is fully focused on custody to keep Bitcoin." "But the most important thing is that under no circumstances should the Bitcoin behind WBTC be used for any purpose. I don't intend to make any judgments about Bitgo. They have indeed been an excellent custodian so far, and I believe they have the best intentions."

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11 августа 2024 08:54

Trump: Looking forward to seeing Harris in all three debates

On August 11, Trump posted on social media, "The first debate with Kamala Harris will be broadcast live on Fox News on September 4, 2024 in beautiful Harrisburg, Pennsylvania. The second debate will be held on September 10, 2024 at Independence Hall in Philadelphia, Pennsylvania, hosted by David Muir. The third debate will be held on September 25, 2024 on NBC in Grand Rapids, Michigan, hosted by Lester Holt. I look forward to seeing Harris in all three debates!"

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11 августа 2024 07:54

Jupiter co-founder: Bitcoins held by WBTC should not be used for other purposes, and BitGo is expected to clarify community doubts

On August 11, Jupiter co-founder meow published a "Letter to WBTC New and Old Custodians" on social media, stating that "BitGo was chosen as a partner when the WBTC project started a few years ago because we believe that it is most critical to have a partner who is fully focused on custody to keep Bitcoin." "But the most important thing is that under no circumstances should the Bitcoin behind WBTC be used for any purpose. I do not intend to make any judgments about Bitgo. They have indeed been an excellent custodian so far, and I believe they have the best intentions."

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11 августа 2024 06:54

BNB breaks through $530

According to financial reports, the market shows that BNB breaks through $530 and is now at $530.1, with a 24-hour increase of 4.27%. The market is volatile, so please do a good job of risk control.

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11 августа 2024 05:48

Polymarket predicts that China will win the first place in the Paris Olympic gold medal table with a probability of 26%.

As of August 11, 2024, the final day of the Paris Olympics, the prediction market shows a 74% chance for the United States to win the most gold medals and a 26% chance for China. The prediction fund pool has grown to $8.6 million, up about $1 million from the previous day. On this last day of competition, 13 gold medals will be awarded across events including weightlifting, track cycling, volleyball, wrestling, track and field, and basketball. China's expected gold medal is in the women's weightlifting over 81 kg category, while the U.S. is predicted to win gold in women's volleyball, women's basketball, track cycling, and women's wrestling 76 kg class.

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11 августа 2024 04:58

This week, the U.S. Bitcoin spot ETF had a net outflow of $166 million and the trading volume reached $12.5 billion

Trader T released data showing that the U.S. Bitcoin spot ETF had a net outflow of $166 million in the five trading days this week, with a trading volume of $12.5 billion. It believes that the trading volume data this week remains strong, so the high volatility is mainly due to deleveraging of CEX/DEX.

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11 августа 2024 04:47

QCP Capital: High volatility has cleared market leverage, BTC may hit a record high in Q4

QCP Capital observed a shift in liquidity, with BTC increasingly integrated into mainstream markets and attracting long-term investments, while ETH is becoming marginalized. This has widened the volatility spread between BTC and ETH, leading to a strategy of selling BTC volatility and buying ETH volatility. Options trading data shows BTC in a bullish trend with more funds flowing into long-term BTC positions, whereas ETH funds are focused on short-term speculation. QCP Capital anticipates that BTC’s current trend is a leverage cleanup aiming for a record high in Q4.

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11 августа 2024 04:01

Pantera deposited 12.95 million 1INCH into Coinbase Prime 7 hours ago

Pantera Capital recently deposited 12.95 million 1INCH (approximately $3.52 million) into Coinbase Prime. As an investor in the 1inch platform, Pantera received a total of 104 million 1INCH from 2021 to 2023. Since July 24, amid falling prices, Pantera has deposited 34.91 million 1INCH (about $11.8 million) into exchanges, with a current holding of 69.69 million 1INCH (around $19 million).

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11 августа 2024 03:45

the U.S. Bitcoin spot ETF had a net outflow of $89.8 million

⏩BlackRock IBIT net inflow of US$9.6 million
⏩Fidelity FBTC net outflow of US$19.8 million
⏩Grayscale GBTC net outflow of US$77 million
⏩Grayscale Mini BTC net inflow of US$15.6 million
⏩Bitwise’s BITB net outflow of US$18.1 million

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11 августа 2024 03:22

The IRS has released a draft of a new crypto tax form that no longer requires wallet addresses and transaction IDs

The IRS has released an updated draft of tax form 1099-DA for cryptocurrency brokers and investors, streamlining it compared to the April draft. The new version removes fields for wallet addresses, transaction IDs, and specific transaction times, requiring only the transaction date. The public has 30 days to comment on this draft.

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11 августа 2024 03:01

FWOG rose more than 40% in 24 hours and is now priced at $0.0269

FWOG briefly surged above $0.03 and is currently priced at $0.0269, reflecting a 24-hour increase of 42.2%. Note: Meme coins can experience significant price swings and lack intrinsic value, so users should exercise caution.

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