Money & Crypto News

10 августа 2024 13:52

U.S. SEC and Ideanomics reached a settlement on financial fraud involving $40 million in cryptocurrencies

The SEC accused Ideanomics of earning more than $40 million in 2019 through false accounting reports related to crypto asset transactions. This kind of false reporting leads to the overvaluation of the financial statements, deceives shareholders and the public, and makes them misunderstand the company's financial situation. It is reported that all parties involved agreed to the settlement, neither admitting nor denying the findings of the US SEC. Former chairman and CEO Bruno Wu agreed to pay more than $3.3 million in illegal income, pre-judgment interest and $200,000 in fines. Ideanomics agreed to pay a fine of $1.4 million and will hire independent compliance consultants to review and strengthen its internal accounting controls.

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10 августа 2024 12:51

Blayde's address received 240.6 BTC and 4,545 ETH from Coinbase Prime 15 hours ago

Arkham data shows that Blayde received 240.6 BTC (about $14.49 million) and 4,545 ETH (about $11.79 million) from Coinbase Prime 15 hours ago.

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10 августа 2024 11:51

The Maker community proposes to adjust multiple vault type parameters and lower the DSR to 6%

Maker posted that the Block Analitica team proposed to adjust various vault type parameters, which will be considered in the next executive vote. Proposed stability fee (SF) change: ETH-A: reduced to 6.25%; ETH-B: reduced to 6.75%; ETH-C: reduced to 6%; WSTETH-A: reduced to 7.25%; WSTETH-B: reduced to 7%; WBTC-A: reduced to 7.7 5%; WBTC-B: reduced to 8.25%; WBTC-C: reduced to 7.5%; Effective DAI Borrowing APY reduced to 7%; DSR (Dai Savings Rate) reduced to 6%.

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10 августа 2024 10:52

Singapore company A&A CTO sentenced to 5 years in prison for participating in cryptocurrency Ponzi scheme

On August 10, A&A falsely claimed to have bought China's Yunnan cryptocurrency mining company and defrauded more than 700 local investors in Singapore to invest 6.7 million Singapore dollars. Wang Xinghong, CTO from China, was sentenced for participating in this "Ponzi scheme" and earning more than 130,000 yuan. Five years in prison. The case shows that the defendant's accomplice included a man named Yang Bin. Yang Bin established A&A Blockchain Innovation Private Co., Ltd. (abbreviated as A&A) on April 20, 2021, which is the chairman and head of the company. A&A promoted a cryptocurrency mining plan to local investors from May 20, 2021 to February 15, 2022. A&A falsely claimed to have purchased 70% of the shares of a cryptocurrency mining company in Yunnan, China, which owns 300,000 cryptocurrency mining machines. A&A told investors that the mining machine can mine cryptocurrencies such as Bitcoin and Ethereum, earning 0.5% of the investment profit for investors every day.

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10 августа 2024 09:51

Web3 AI game publisher Pentagon Games completed $6 million seed round financing, Animoca Brands and other investment

Web3 AI game publisher Pentagon Games announced the completion of $6 million in seed round financing, Animoca Brands, Binance Labs, Hyperedge, NFX, Polygon, R epublic, Spartan, Tess Ventures and Yield Guild Games participated in the investment, and the specific valuation information has not been disclosed. Pentagon Games hopes to change the traditional game industry and create an immersive and rich game experience based on zkEVM and using advanced technologies such as augmented reality, virtual reality and artificial intelligence. The new funds are planned to develop various types of games and intellectual property rights.

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10 августа 2024 08:53

Former Biden adviser: Harris needs to express cryptocurrency views, positions and plans very clearly and openly

Biden's former adviser Moe Vela said that Harris needs to express her views, positions and plans to cryptocurrencies very clearly and openly, and to establish an absolute cryptocurrency platform. The crypto industry needs to understand her views and how she feels about it. The U.S. Democratic Party should be awakened to cryptocurrencies and re-examine the advantages of cryptocurrencies, and how they can really help achieve some goals in the U.S. election. It is reported that Harris is scheduled to fight against Trump in the ABC television debate on September 10, but it is reported that there may be additional debates on September 4 and September 25.

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10 августа 2024 07:56

ZachXBT: Suspected insiders made $3.8 million on RTR

On August 10, Detective ZachXBT on the chain posted on social media that four addresses made a profit of $3.8 million in the pull-up sale of RTR, of which the address starting with 9G1ELG and the address starting with GHoW2 obviously belong to the same person. These two addresses were obtained within a few minutes of TGE. Get 500 new SOL funds. Previously, it was reported that Restore The Republic (RTR) was TGE on the evening of August 8. Community rumors were related to the new project of the Trump family. The token RTR hit a high of $0.156 at 00:00 on August 9. Subsequently, Eric Trump, the second son of Trump and the current executive vice president of Trump Group, posted a reminder on social media that he should "beware of false tokens. The only official Trump project has not been announced and will be announced on Twitter as soon as possible." After the release of the statement, the RTR fell rapidly by about 95%, and the trading volume reached $164 million in just 15 hours.

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10 августа 2024 06:52

Point of view: Crypto venture capital is slowing down the investment speed, and holding BTC/ETH can obtain considerable returns, which is the key reason

On August 10, Adam Cochran, a partner at Cinneamhain Ventures, posted on social media that the investment rate of venture capital companies in cryptocurrencies has slowed down significantly, for a subtle reason. Most venture capital companies have limited partners (LP), and LP is mainly interested in the return of beyond index funds. But in the medium term, the risk return of holding Bitcoin and Ethereum alone can "easily beat" index funds. Adam Cochran said that during the last encryption cycle (2020-2024), venture capital companies "seem to be very active" and hope to get rich with participants by investing in "exploding" applications. However, several known narratives (NFTS, AMM fork, defi, L2s) have come to an end, and it is not clear what to do next.

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10 августа 2024 05:57

Opinion: Crypto VCs are slowing down their investment pace. Holding BTC/ETH can generate considerable returns, and the lack of new narratives is the key reason

Adam Cochran of Cinneamhain Ventures noted that venture capital investment in cryptocurrencies has slowed due to limited partners (LPs) seeking returns that outperform index funds. Since Bitcoin and Ethereum can offer returns that potentially surpass those of index funds, venture capitalists are more inclined to wait for safer and more profitable opportunities rather than investing early in startups. Cochran observed that during the last crypto cycle (2020-2024), VCs were active, investing in emerging applications. However, as major trends like NFTs, AMM forks, DeFi, and L2s have concluded, the next direction for investment remains uncertain.

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10 августа 2024 04:58

vitalik. eth transferred 3,000 ETH to a multi-signature wallet, possibly for donation

vitalik. eth transferred 3,000 ETH (8.05 million US dollars) to a multi-signature secure wallet, probably as a donation.

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10 августа 2024 04:31

ETH/BTC exchange rate bull James Fickel has spent 46.49 million USDC to buy ETH and WBTC since the evening of August 6

On-chain analyst Ember reported that bull trader James Fickel spent $46.49 million USDC to buy ETH and WBTC following the market drop on August 5. Over a span of two days, starting the evening of August 6, Fickel made the following purchases:

🔴ETH: $34.49 million USDC for 13,676 ETH at an average price of $2,522 per ETH.
🔴WBTC: $12 million USDC for 211 WBTC at an average price of $56,824 per WBTC.

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10 августа 2024 04:09

Wall Street expects the Fed to end its balance sheet reduction this year, but an emergency stop is unlikely

The Federal Reserve is nearing the end of its balance sheet reduction, but the exact timing depends on the pace of interest rate cuts and market pressures. Policymakers have suggested that U.S. debt holdings might be fully reduced by year-end, though Wall Street doubts a sudden end to quantitative tightening. Weak economic data and liquidity pressures add uncertainty. Bank of America strategists noted that if the Fed aims to stimulate the economy, it might halt balance sheet reduction; if it seeks to normalize policy, reduction could continue. Recent signs of faster-than-expected economic slowdown led to a rise in global bonds, with traders anticipating more aggressive interest rate cuts. Morgan Stanley analysts believe that early end to balance sheet reduction is unlikely due to factors like money market liquidity or a U.S. recession.

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10 августа 2024 03:44

BTCW had a net inflow of $118.5 million, setting a record for the ETF’s single-day inflow

WisdomTree's BTCW had a net inflow of $118.5 million yesterday, the highest single-day net inflow in the history of the Bitcoin spot ETF.

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09 августа 2024 23:34

Jupiter Co-founder Addresses API Abuse and Service Disruptions

Jupiter co-founder Meow revealed recent issues with Jupiter's spot products, including API abuse and a 6-hour service disruption for DCA caused by CU estimation errors. In response, Jupiter will implement access key-based API access and refine its security checks, especially for low-liquidity tokens. Enhanced UI information and smarter security protocols will be introduced gradually.

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09 августа 2024 22:46

GSR CEO: Bitcoin and US stocks will remain highly correlated until the election is over

GSR CEO Rich Rosenblum said in an interview with BlockWorks that Bitcoin and U.S. stocks will remain highly correlated until the election is over, and Bitcoin will not be able to become "digital gold" for the time being.

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10 августа 2024 13:27

BTC exceeded $61,000

The market shows that BTC exceeded $61,000 and is now reported at $6,017.06, with a 24-hour increase of 0.19%. The market fluctuates greatly. Please do a good job of risk control.

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10 августа 2024 12:23

Gemini urges CFTC to withdraw the proposed rules on event contracts

The cryptocurrency exchange Gemini has urged U.S. regulators to withdraw a proposed regulation that, once passed, will prohibit all contracts for decentralized prediction of events in the market. Gemini said in a letter to Christopher Kirkpatrick, Secretary of the U.S. Commodity Futures Trading Commission (CFTC) on August 8: "We emphasize that this rule will be for predicting the market. The adverse effects, including the forecast market used to predict elections.

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10 августа 2024 11:22

The open position of BTC options on the whole network is 21.375 billion US dollars

Coinglass data shows that the nominal value of the open position of BTC options on the whole network is $21.375 billion ($23.136 billion the previous day), and the nominal value of the open position of ETH options is $6.122 billion. (The previous day was 6.741 billion US dollars).

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10 августа 2024 10:23

EigenLayer is about to announce the airdrop details of the second season

Eigen Foundation officially posted a reminder on social media that there are less than 30 days left before the airdrop collection deadline of EIGEN in the first season, and users need to receive it before 11:59 p.m. PST on September 7, 2024. More details of the second season will be announced later this month.

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10 августа 2024 09:27

Ethereum network gas fee reduced to 1 Gwei

On August 10, Etherscan data shows that the current Ethereum network Gas fee has dropped to 1 Gwei.

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10 августа 2024 08:28

FTX claim plan voting until 4:00 on August 17

Kroll's official website shows that the voting for the FTX claim plan is up to 16:00 ET time on August 16 (4:00 Beijing time on August 17). Earlier in mid-July, the official committee of FTX unsecured creditors issued a document on the X platform that FTX debtors were sending comments to customers and creditors through Kroll for comments and seeking a vote. It is understood that if a user makes a claim for only holding FTT, it is regarded as rejecting the plan and has no right to vote, but can choose to participate in the release of the plan.

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10 августа 2024 07:24

LINK, AAVE and CRV are at the top of the Smart Money 24-hour inflow list

Nansen data shows that Smart Money's 24-hour capital inflow tracking list in the Ethereum network is as follows: LINK: About $876,000, now at $10.5, a decrease of 0.1% in 24 hours; AAVE: About $729,000, now reported at $95, a 24-hour decline of 3.1%; CRV: about $518,000, now at $0.2506, an increase of 0.1% in 24 hours.

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10 августа 2024 06:24

0x9fb starting whale deposited 2600 ETH into Binance 1 hour ago

According to The Data Nerd monitoring, the whale address starting with 0x9fb deposited 2,600 ETH into Binance an hour ago, about $6.78 million. It is reported that these ETH were pledged to Lido last year, when the price of ETH was about $1,650.

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10 августа 2024 05:28

A certain ETH whale address has staked 11,060 ETH into ether. fi in the past 18 hours

In the past 18 hours, ETH whale vladilena. eth has committed 11,060 ETH, valued at $28.55 million, to ether. fi. Subsequently, the address purchased 9,212 weETH PTs, worth $23.37 million, expiring on December 26, 2024. Previously, the whale received 21,792 ETHFI airdrops, totaling around $108,000.

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10 августа 2024 04:49

Placeholder Partner: Central banks around the world are about to relax policies, and crypto assets are ushering in an early bull market layout

Chris Burniske, former head of Ark Invest encryption and current partner of Placeholder VC, said on social media, "While sentiment is reset and leverage is cleansed, the lows of most high-quality crypto assets are significantly higher than the levels in 2023. At the same time, central banks around the world are about to be forced to relax policies. Although there may be some fluctuations in the third quarter, this is a good early bull market layout anyway."

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10 августа 2024 04:20

JPMorgan Asset Management: Bank of Japan expected to avoid another rate hike in the short term

Morgan Asset Management's Seamus Mac Gorain stated that the Bank of Japan is unlikely to raise interest rates in the near term. Any further tightening may depend on the U.S. economic situation, particularly if the Federal Reserve cuts rates to stabilize the U.S. economy. Mac Gorain suggested that significant policy tightening by the Bank of Japan might not occur until 2025 and would depend on a stable global economic environment. He emphasized that the Bank of Japan is unlikely to act until market conditions stabilize and global and U.S. economies avoid recession.

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10 августа 2024 03:54

DEGEN briefly broke through $0.0048, up more than 55% in 24 hours

DEGEN briefly broke through $0.0048 and is now quoted at $0.004708, up more than 55% in 24 hours.

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10 августа 2024 03:25

Coinbase Adds Across Protocol (ACX) to its Listing Roadmap

according to official news, the cryptocurrency trading platform Coinbase included Across Protocol (ACX) in its coin listing roadmap.

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09 августа 2024 23:02

The Rollup and Everclear collaborate to release chain abstract ecosystem map

According to official news, The Rollup, an educational platform for Rollups, modular blockchains and DeFi, and Everclear (formerly Connext Network) cooperated to release a chain abstraction ecosystem map. The ecosystem map contains more than 80 projects and showcases a unified modular chain abstraction ecosystem with Everclear as the foundation of the chain abstraction stack.

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09 августа 2024 22:12

A whale added another 1,800 ETH 30 minutes ago

According to Lookonchain monitoring, a whale added another 1,800 ETH 30 minutes ago, worth about $4.7 million. Since May 24, the whale has accumulated 37,800 ETH (US$99 million), with an average purchase price of US$2,420, and currently has unrealized profits of US$7.5 million.

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