Money & Crypto News

11 августа 2024 18:52

U.S. media: Young voters prefer Harris to deal with economic problems, with more support than Trump

On August 11, according to Kim Ten, a new survey by CNBC and Generation Lab shows that young people in the United States do not seem to think that Harris is responsible for the deterioration of the U.S. economy caused by the Biden administration. After Biden withdrew from the campaign in July, 69% of Americans aged 18 to 34 believed that the economy under President Biden was deteriorating. But they also believe that the candidate who is most capable of improving the economy is the de facto Democratic candidate Harris, not the Republican candidate and former President Trump. 41% of respondents thought Harris was the best candidate in the economy, while 40% chose Trump, and 19% said they chose third-party candidate Robert F. Kennedy Jr. Kennedy Jr.). Compared with the May survey, the Democratic Party's support rate on economic issues rose by 7 percentage points. At that time, only 34% of respondents thought that Biden, who might become the Democratic presidential candidate at that time, was the best candidate to boost the economy, 40% chose Trump, and 25% chose Kennedy.

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11 августа 2024 17:29

Hong Kong Legislative Council Member: Hong Kong is ready to strengthen digital asset regulation in the next 18 months

On August 11, according to Cointelegraph, Hong Kong Legislative Council member David Chiu said that Hong Kong is ready to strengthen its digital asset regulation in the next 18 months, marking an important step towards its mission to become a global fintech center.
David Chiu said, "The digital asset industry has made significant progress in the past few years, but Hong Kong is still in a very early stage. Hong Kong should establish a sound trading system and introduce legislation related to stablecoins as soon as possible."

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11 августа 2024 16:17

Farcaster has more than 650,000 users and the total revenue of the protocol exceeds $2.23 million

On August 11, Dune data showed that the current number of users of the decentralized social protocol Farcaster has exceeded 650,000, but the number of daily active users and user activity have declined from the peak (daily active users are 43,000-46,000).
In addition, Farcaster's total revenue has exceeded $2.23 million, currently reaching $2.233 million.

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11 августа 2024 15:31

Founder of Sam's Rule: It's time for the Fed to cut interest rates

According to financial reports, Claudia Sahm, founder of Sam's Rule and chief economist of New Century Advisors, personally published an article stating that the US economy has not yet fallen into recession, but is "disturbingly close to recession" and it is time for the Fed to cut interest rates.

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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 18:21

BTC fell below $60,000

The market shows that BTC fell below $60,000, and now it is reported at $5991.79, with a 24-hour decline of 0.83%. The market fluctuates greatly. Please do a good job in risk control.

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11 августа 2024 16:54

Crypto startups raised $2.7 billion in Q2, up 2.5% from the previous quarter

On August 11, DL News cited PitchBook data that crypto startups raised a total of $2.7 billion in Q2, with 503 financings. The amount of financing increased by 2.5% compared to the previous quarter, but the number of transactions decreased by 12.5%.
PitchBook said that as investor sentiment recovers, the number and pace of investment are expected to continue to grow throughout the year.

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11 августа 2024 15:51

Farcaster has more than 650,000 users and the total revenue of the protocol exceeds 2.23 million US dollars

According to financial reports, Dune data shows that the current number of users of the decentralized social protocol Farcaster has exceeded 650,000, but the daily active users and user activity have declined compared to the peak (daily active users are 43,000-46,000). In addition, Farcaster's total revenue has exceeded 2.23 million US dollars, currently reaching 2.233 million US dollars

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11 августа 2024 14:54

Tornado Cash developer Alexey Pertsev seeks to raise more funds to fight legal action

On August 11, Tornado Cash developer Alexey Pertsev's legal dispute has reached a critical moment, and he is seeking to raise more funds to fight the lawsuit. Last month, a Dutch court announced that it refused to release Alexey Pertsev, so he had to prepare for further appeals.
In addition, another Tornado Cash developer Roman Storm will go on trial in the United States in September. He is charged with money laundering, conspiracy to operate an unlicensed money transmission business, and conspiracy to violate US sanctions laws.

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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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