Money & Crypto News

08 августа 2024 22:59

RTR, a Trump-related meme token, surpassed $80 million in market value within 3 hours of launch

the Solana ecosystem Meme token RTR (Restore The Republic) suspected to be related to Trump had a market value of over $80 million within 3 hours of its launch, reaching a high of $0.1095, and is now quoted at $0.07829, with a market value of $85 million, a liquidity pool of over $15 million, and a 3-hour trading volume of $57 million.

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08 августа 2024 22:33

Bitcoin recovers above $58,000

Bitcoin rebounded and broke through $58,000.

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08 августа 2024 21:18

Montenegrin Supreme Court Suspends Do Kwon Extradition

The Montenegrin Supreme Court has halted Do Kwon's extradition to South Korea while reviewing legal issues. Kwon, accused of a $40 billion fraud with Luna and Terra, has been in custody since March 2023.

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08 августа 2024 20:36

U.S. Jobless Claims Drop; Crypto Markets Rebound Amid High Volatility

Adam, a macro researcher at Greeks•live, noted that U.S. initial jobless claims fell to 233,000, the lowest since July 6, amidst fluctuating economic data. Despite concerns of data manipulation, these figures continue to influence risky assets, with Bitcoin and Ethereum rebounding over 5%. The market remains volatile, with high Implied Volatility (IV) supported by strong Realized Volatility (RV), indicating persistent turbulence. Sellers are advised to gradually build positions as large fluctuations are expected to have lasting effects.

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08 августа 2024 19:47

Vega Network Enters Prediction Market with Major Upgrade

Supported by Coinbase Ventures, Vega Network has expanded into the prediction market with a significant upgrade to its blockchain and decentralized perpetual trading platform. Leveraging Cosmos network infrastructure, Vega now allows users to bet on future event outcomes, integrating prediction market capabilities into its DEX application. This development broadens Vega's offerings beyond perpetual futures, providing an open framework for prediction-based trading.

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08 августа 2024 18:59

Quantlytica Secures €1 Million Funding for AI-Driven Liquidity Protocol

Quantlytica, an AI-driven liquidity distribution protocol, has completed a €1 million financing round with participation from Polygon Labs Ecological Fund, Web3Port Foundation, Eureka Partners, and others. The funds will be used to enhance protocol development, improve AI integration within the ecosystem, and address liquidity barriers between users and projects.

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08 августа 2024 18:06

U.S. Jobless Claims See Largest Drop in Nearly a Year

The U.S. saw a significant drop in initial jobless claims last week, with a decrease of 17,000 to 233,000, easing concerns of a rapidly cooling labor market. This decline follows a disappointing employment report and comes amidst seasonal fluctuations in claims due to school vacations and auto factory restructuring. The data suggests the labor market is stabilizing rather than deteriorating, potentially calming market fears and reducing pressure on the Federal Reserve to cut interest rates before its September meeting.

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08 августа 2024 16:54

Binance: As of the end of July, the security team has recovered or frozen $73 million in stolen funds

On August 8, according to official data disclosed by Binance, as of July 31, 2024, the Binance security team has recovered or frozen more than $73 million in user funds stolen from outside this year, exceeding the $55 million recovered or frozen in the whole of 2023. Through active efforts and cooperation with industry participants and the public sector, Binance has successfully helped users recover misplaced and lost digital funds, of which about 80% of the recoveries were related to external hacker attacks, vulnerability exploits and thefts.

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08 августа 2024 15:54

OKX Web3 wallet claim center is now connected to the Plume test network, and users can claim Goon test coins

On August 8, according to the official website, the OKX Web3 wallet claim center is now connected to the Plume test network. Users can directly claim Plume test network ETH and Goon test coins through the OKX Web3 wallet, and experience Plume test network activities to earn Miles.

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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 22:43

Putin: Cryptocurrency is promising, Russia must "seize the moment"

Russian President Vladimir Putin signed a law today to legalize cryptocurrency mining in Russia. The signed law introduces new concepts, including digital currency mining, mining pools, mining infrastructure operators, address identifiers, and individuals who organize mining pool activities. According to the document, only registered Russian legal entities and individual entrepreneurs have the right to mine, and individuals who are not included in the register but do not exceed the energy consumption limit set by the Russian government are also entitled to engage in cryptocurrency mining. Foreign digital financial assets can be traded on the Russian blockchain platform, and the Russian Central Bank will have the right to ban certain issuances if they are found to pose a threat to Russia's financial stability.

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08 августа 2024 21:45

TASS: Putin signs decree legalizing cryptocurrency mining in Russia

According to TASS: Russian President Putin signed a law to legalize cryptocurrency mining in Russia.

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08 августа 2024 20:49

Whale Liquidates 14,387 ETH, Incurs $12.55M Loss Amid Market Crash

On-chain analyst Ember reported that a whale liquidated 14,387 ETH, losing $12.55 million over the past three days. The whale initially withdrew 14,384 ETH from Binance at an average price of $3,290 and staked it in Lido. Following the market crash on August 5, the whale began redeeming and transferring ETH back to Binance at an average price of $2,417, resulting in a 26.5% loss on the investment.

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08 августа 2024 20:08

Jobless Claims Stable, Recession Fears Overstated

Initial jobless claims stayed steady, showing companies are holding onto employees. Skyler Weinand of Regan Capital suggests the cooling labor market doesn't indicate a recession and believes market reactions to recent jobs data are exaggerated.

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08 августа 2024 19:26

Bitcoin could act as a 'safe haven asset' while altcoins might suffer amid '40% probability' of recession: analysts

Economic uncertainty saw billions wiped off the total crypto market cap this week, with Nansen analyst Aurelie Barthere estimating a 40% probability of recession this year. Despite the fears, Bitfinex analysts suggested bitcoin could act as a “safe haven asset” during an economic recession, though the broader crypto market might suffer.

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08 августа 2024 18:34

Franklin Templeton's on-chain money market fund launches on Arbitrum

Franklin Templeton has collaborated with the Arbitrum Foundation to launch its OnChain U.S. Government Money Fund (FOBXX) on the Ethereum Layer 2 network. FOBXX is represented by the BENJI token, with the fund previously launched on Stellar and Polygon.

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08 августа 2024 17:29

Bitcoin miners' holdings have fallen to a nearly three-year low

On August 8, Kaiko reported that as of August 3, the total amount of Bitcoin held by miners had fallen to about 1,510,300, with a total value of about $86 billion, accounting for about 8% of all circulating Bitcoin.
Since 2023, miners have continued to sell tokens to cover operating costs, and the average GAS fee has dropped from $143 to $2 after the halving.

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08 августа 2024 16:29

The US SEC is expected to appeal the ruling of the Ripple case

On August 8, Coindesk reported that although the Ripple case was allegedly over, the US Securities and Exchange Commission (SEC) is expected to appeal the ruling, which means that the relevant legal matters may be prolonged.
Analisa Torres, a district judge in the Southern District of New York, ruled that Ripple did not violate federal securities laws by selling XRP to retail investors through its trading platform. However, Ripple's 1,278 institutional sales transactions violated securities laws and fined it $125.035 million, which is far less than the $1 billion in illegal gains and prejudgment interest and $900 million in civil penalties required by the SEC.

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08 августа 2024 15:29

Vessel completes $10 million seed round, Sequoia Capital and others participate

On August 8, ZK order book trading platform Vessel completed a $10 million seed round, with participation from Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha and a group of angel investors.

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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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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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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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