Money & Crypto News

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 02:45

Fidelity FBTC had a net outflow of $19.8 million, and Bitwsie's BITB had a net outflow of $18.1 million

Fidelity's FBTC and Bitwise's BITB both experienced net outflows, with $19.8 million and $18.1 million, respectively. Overall, the U.S. Bitcoin spot ETF reported a net outflow of $99.3 million, although data for BlackRock's IBIT has not yet been released.

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11 августа 2024 02:37

Grayscale GBTC had a net outflow of US$77 million and ETHE had a net outflow of US$41.7 million

Grayscale's GBTC and ETHE experienced net outflows of $77 million and $41.7 million, respectively. Conversely, the Grayscale Mini BTC ETF saw a net inflow of $15.6 million, while the Mini ETH ETF had a net inflow of $2.4 million.

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11 августа 2024 02:04

Cardano Founder Charles Hoskinson Raises Concerns Over U.S. Treasury Holding 19% of BTC Supply

Bitcoin as a 🇺🇸 US Reserve Asset Is “great for [its] price” but poses significant risks, warned Charles Hoskinson. The Cardano founder voiced concerns that the prospect of the US Treasury holding 19% of the BTC supply raises serious centralization concerns.

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11 августа 2024 01:02

Justin Sun Transfers $30.3 Million in BTC to Binance and New Wallet

According to Spot On Chain, Justin Sun transferred 500 BTC ($30.3 million) to a Binance deposit address and 513.4 BTC ($31.2 million) to a new wallet about an hour ago. Since the beginning of 2024, Sun has deposited a net total of 2,969 BTC ($164 million) into HTX and Binance, with an average price of $55,185.

Earlier in February, Sun disclosed holding 28,614 BTC in his HTX account and later mentioned negotiations with the German government for over-the-counter BTC purchases, stating he had not bought BTC at the $69,000 level.

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11 августа 2024 00:17

Polymarket Data Shows Kamala Harris Leading Trump by 6% in Upcoming Presidential Election

According to data from the decentralized prediction market platform Polymarket, as reported by Jinse Finance, Vice President Kamala Harris is currently leading former President Donald Trump by 6% in predictions for the upcoming presidential election.

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10 августа 2024 23:28

Aave Sees Record Liquidations Near $300 Million Amidst ETH Drop

According to the latest data from IntoTheBlock, Aave has experienced the largest liquidation event in its history over the past week, with nearly $300 million in assets being liquidated. This surge in liquidations is primarily due to a 25% drop in ETH, affecting loans collateralized by wrapped stETH. Despite the turmoil, the protocol remains robust, adding $6 million in profit to the Aave DAO.

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10 августа 2024 22:33

Supply of USDT and USDC Surges, Tether Hits All-Time High Market Cap

Over the past week, the supply of USDT and USDC has increased by nearly $3 billion. Tether's market cap has reached a record high of over $115 billion, while Circle's USDC market cap has risen to $34.5 billion, the highest level since March 2023.

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10 августа 2024 21:29

Wintermute transferred a total of 14.094 million ARB to Binance in the past 24 hours, equivalent to approximately US$7.93 million

Wintermute deposited a total of 14.094 million ARB (approximately 7.93 million US dollars) into Binance.

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10 августа 2024 20:14

YGG rose above $0.41, up 21.68% in 24 hours

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10 августа 2024 19:33

ETH falls below $2,600

ETH fell below US$2,600 and is now trading at US$2,599.33, with a 24-hour increase of 1.49%. The market fluctuates greatly, so please control risks.

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10 августа 2024 18:42

Former Twitter chairman accuses Elon Musk of defaulting on more than $20 million worth of stock

Omid Kordestani, the former chairman of Twitter (now known as Omid Kordestani, who served as Twitter's executive chairman from 2015 to 2020 and served on the board for two more years until Musk acquired the platform for $44 billion, said in the complaint that most of his compensation was in stock, but Elon Musk But refused to pay for the shares.

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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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11 августа 2024 02:41

USDC circulation increased by about 1.6 billion in the past week, bringing the total circulation to 34.5 billion

Circle issued approximately $3.9 billion USDC and redeemed around $2.3 billion USDC, resulting in a net increase of about $1.6 billion in circulation. Currently, the total circulation of USDC stands at $34.5 billion. The reserve for USDC amounts to $34.6 billion, with about $4.5 billion in cash and $30.1 billion held in the Circle Reserve Fund.

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11 августа 2024 02:32

An address holding 190 BTC was activated after being dormant for 11.4 years

an address holding 190 BTC (worth approximately $11,490,704) was activated 5 hours ago after being dormant for 11.4 years, and was worth only $12,125 at the time.

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11 августа 2024 01:36

London High Court Orders Global Asset Freeze on Onecoin Co-Founder Ruja Ignatova

The London High Court has imposed a global asset freeze on Ruja Ignatova, co-founder of the Onecoin cryptocurrency scam, and her associates. This move follows lawsuits from over 400 investors who lost millions in the Onecoin fraud. The asset freeze aims to halt the further movement of Ignatova's wealth and may assist victims in recovering compensation.

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11 августа 2024 00:39

Bitcoin Nodes Increase by 20% Over the Past Year, Reaching 19,605

Over the past year, the number of Bitcoin nodes has grown by 20%, according to Bitnodes data. The current total stands at 19,605 nodes.

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10 августа 2024 23:44

IRS Unveils Updated 1099-DA Form for Digital Asset Reporting with Key Changes

The IRS has released the latest version of the 1099-DA form for reporting digital asset transactions, introducing significant changes aimed at addressing previous criticisms and privacy concerns. The new version, set to be partially implemented in 2025, removes several controversial elements from earlier drafts.

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10 августа 2024 22:51

Over 450,000 Bitcoin Addresses Hold $100,000 or More in BTC

According to data from Bitcoin Magazine PRO, more than 450,000 Bitcoin addresses now hold Bitcoin worth $100,000 or more.

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10 августа 2024 21:56

Former U.S. Treasury Secretary: A 50 basis point rate cut in September is appropriate

former U.S. Treasury Secretary Lawrence Summers warned against allowing the president to interfere in monetary policy making, otherwise it would only hurt the economy over time. "It's a stupid game to get politicians involved, and the end result is higher inflation and a weaker economy," Summers said on Friday. The day before Summers made these remarks, Republican presidential candidate Donald Trump said he believed the president should have a certain "say" in the Fed's policy making.

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10 августа 2024 20:44

The total market value of stablecoins increased by 1.23% in the past week

the total market value of stablecoins increased by 1.23% in the past week and is now reported at 165.478 billion US dollars.

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10 августа 2024 19:56

Liquidated positions reached US$55.2029 million in the past 24 hours

The liquidation amount of the entire network reached 55.2029 million U.S. dollars, of which the liquidation amount of short orders was approximately 30.6152 million U.S. dollars, and the liquidation amount of long orders was approximately 24.588 million U.S. dollars.

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10 августа 2024 18:57

Uniswap front-end transaction fees have exceeded $57 million

Uniswap front-end transaction fees (income) have reached $57.15 million.

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10 августа 2024 18:26

Fed’s enforcement action against Customers Bancorp leads community to question Harris’ sincerity in trying to repair relationship with crypto industry

The U.S. Federal Reserve previously announced enforcement action against Customers Bancorp Inc, which provides digital asset services and a tokenized instant payment platform, due to possible "significant deficiencies" in its risk management and anti-money laundering practices. This move has raised questions from the community. President Harris’ sincerity in trying to repair relations with the crypto industry.

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