Money & Crypto News

07 августа 2024 07:54

FalconX: Institutions are buying the dip in this round of plunge, and the buy/sell ratio today exceeds 50%

On August 7, digital asset broker FalconX issued a statement saying that institutions are buying the dip in this plunge. Today, it noticed that almost all investors are net buyers, including proprietary trading departments (57% of total buy-side traffic), hedge funds (63%), venture funds (61%) and retail aggregators (72%).

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07 августа 2024 07:29

Symbiotic: Due to a temporary problem with the domain name registrar, the front end cannot be opened temporarily

On August 7, the re-pledge agreement Symbiotic issued a statement saying that due to a temporary problem with the domain name registrar, the front end of the Symbiotic website cannot be opened temporarily.
All user funds are safe and everything will be resolved quickly. Users can access personal funds at any time through contract deployment.

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07 августа 2024 06:31

Hong Kong legislator: A legal system for the circulation of RWA tokens should be formulated and issued in due course

On August 7, Hong Kong Democratic Alliance for the Betterment and Progress of Hong Kong Legislative Council member Chen Zhongni wrote an article entitled "Empowering the Application and Development of Web3.0 in the Financial Industry", in which he pointed out that the Hong Kong government must vigorously develop Web3.0 infrastructure that can support the long-term development of Web3.0.
Hong Kong must actively guide the exploration of innovative combinations of Web3.0 and traditional finance, such as data connectivity between government departments and banks, traditional financial payments and settlements, personal and corporate credit business, supply chain finance, etc., promote the standardization of asset chain protocols, and formulate and issue a legal system for the circulation of RWA tokens in due course to promote seamless integration, data sharing and asset transfer between the two ecosystems of traditional finance and virtual assets.

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07 августа 2024 05:43

Opinion: Bitcoin volatility reaches 20-month high, traders are hedging against potential further declines

the Bitcoin Volmex Implied Volatility Index surged to 97.14, its highest level since the FTX crash in November 2022. On the same day, Bitcoin's price dropped to $49,813. Although Bitcoin's price has since partially recovered, traders remain cautious and expect further declines. Ed Hindi, CIO of Tyr Capital, noted that traders are increasingly buying put options and put spreads on BTC and ETH to hedge against potential losses.

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07 августа 2024 05:31

Over 400,000 BTC transferred to long-term holders in the past month

CryptoQuant founder and CEO Ki Young Ju wrote that in the past 30 days, 404,448 BTC have been transferred to long-term holders. "This is obviously a large accumulation phenomenon."

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07 августа 2024 05:14

The SOL/ETH exchange rate briefly broke through 0.06, with a 24-hour increase of 8%.

The SOL/ETH exchange rate briefly surpassed 0.06 and is currently at 0.05984, marking an 8% increase over the past 24 hours. The rate reached a record high of 0.0616 on September 9, 2021.

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07 августа 2024 05:09

A whale sold 320 BTC and made a profit of over 90%

Over the past 36 hours, a whale with a 91% return on investment sold 320 BTC. This address had previously accumulated a large amount of WBTC at an average price of $26,176 during last year's bear market. The total profit from this investment is now $21.3 million, with a 91.3% gain. Currently, the address still holds 250 WBTC, valued at approximately $14.3 million.

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07 августа 2024 04:44

GFT rose more than 60% in 24 hours and is currently reported at $0.0502

according to HTX market data, GFT rose by more than 60% in 24 hours, temporarily reporting $0.0502.

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07 августа 2024 04:18

FETH had a net inflow of $16.2 million, and ETHV had a net inflow of $16.6 million.

several Ethereum-related assets saw net inflows: FETH had $16.2 million, ETHV had $16.6 million, Grayscale ETH had $7.6 million, ETHW had $7.2 million, and EZET had $900,000. In contrast, Grayscale ETHE experienced a net outflow of $46.8 million.

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07 августа 2024 03:55

Trump: US government should not sell cryptocurrencies

In a recent interview, Donald Trump criticized the US government for selling cryptocurrencies, suggesting it should focus on development instead. He praised cryptocurrency as a "very modern currency" and expressed a desire for the US to lead in Bitcoin mining. Recently, the US government transferred $2 billion worth of Bitcoin to an unknown address but still holds about $11.1 billion in cryptocurrency.

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07 августа 2024 00:09

Hut 8 Appoints Former Citigroup Executive Sean Glennan as CFO

Bitcoin mining company Hut 8 has announced the appointment of former Citigroup executive Sean Glennan as its new Chief Financial Officer (CFO). Shenif Visram, the current CFO, will step down from his position due to family reasons.

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06 августа 2024 23:11

Lava: All LAVA airdrops have now been distributed

Modular blockchain infrastructure developer Lava Network announced that all LAVA airdrops have been distributed, targeting users who applied between July 20 and 30 (mainnet). A total of 572,088 LAVA were distributed to more than 774 addresses.

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06 августа 2024 22:32

TON blockchain game manager: Currently about 20% of Telegram users are playing games

Inal Kardan, head of TON blockchain games, said that about 20% of Telegram users are currently playing games, while in December last year, only about 1% of Telegram's monthly active users played games on the app. Telegram recently said it has 950 million users worldwide and has become home to several mini-games that leverage the TON blockchain. Games like Notcoin and Hamster Kombat seem to have successfully attracted newcomers to the crypto world through free games.

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06 августа 2024 21:33

Ronin: White hat hackers have returned about $10 million in ETH, USDC is expected to be returned later

White hat hackers have returned approximately $10 million in ETH, with USDC expected to be returned at a later date, thanks to the white hats’ vigilance and integrity. The bug bounty program will award white hat bounties of $500,000. The Ronin Bridge will be audited before reopening and updates will be provided as the audit progresses.

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06 августа 2024 20:43

Degen: Liquidity Mining Season 4 Airdrop Rewards Will Be Received

Liquidity mining Season 4 airdrop rewards are now ready to be claimed on the Degen chain, and we remind you to apply on the official site and beware of scammers.

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07 августа 2024 07:29

Barefoot Mining CEO: Bitcoin block space will be “financialized” in next 15 years

According to news on August 7, Bob Burnett, CEO of Barefoot Mining, a Bitcoin mining company that provides mining services, said that as Bitcoin becomes more and more common in the world economy, in a certain At certain times and dates the need to access block space will increase. This demand will give rise to a block space futures market, where mining companies will offer their products (block space) to bidders who need access to the Bitcoin network to trade.

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07 августа 2024 06:54

Kelp DAO will release the Gain function to support multiple L2 airdrop integrations

On August 7, the Ethereum re-staking platform Kelp DAO announced that it will release the Gain function on August 13, which will bring multiple airdrops and reward boosts to users by centralizing multiple L2s in one place.

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07 августа 2024 05:54

Brazil’s Securities Regulator CVM Is Probing Tokenization Activities

Brazil’s securities regulator, CVM, is investigating tokenization activities within the country. The CVM has requested information from companies providing tokenization services, including details on the number of operations conducted, the assets backing these tokens, and the classification of the tokens (such as utility, payment, or securities tokens).

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07 августа 2024 05:33

Paris Olympics venues hit by cyberattack, hackers demand cryptocurrency ransom

Hackers targeted multiple venues linked to the 2024 Paris Olympics and about 40 museum shops across France, demanding cryptocurrency ransoms. They exploited data processing systems to gather sensitive financial information from these tourist attractions, including the Grand Palais Museum, slated to host Olympic events. The attackers threatened to publicly release the travel website's financial data unless their ransom demands were met.

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07 августа 2024 05:23

ETH/BTC exchange rate "dead bulls" increased their holdings by 4,336 ETH and 87.8 WBTC

James Fickel, known as "dead bull," recently invested 11 million USDC to purchase 4,336 ETH and 5 million USDC for 87.8 WBTC over the past 12 hours. Previously, he had borrowed WBTC from Aave between January and July, totaling 2,987 WBTC (valued at approximately US$168.8 million), which he exchanged entirely for ETH to take a long position on the ETH/BTC exchange rate. His average cost for the ETH/BTC exchange rate stands at around 0.054.

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07 августа 2024 05:10

Hyperliquid’s 24-hour trading volume hits a record high, exceeding $4.3 billion

the decentralized perpetual contract trading protocol Hyperliquid’s trading volume hit a record high in the past 24 hours, exceeding $4.3 billion. At the same time, its network traffic also hit a record high, and all services were normal without downtime.

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07 августа 2024 04:51

Japanese stock market rebounds violently by 10%

the Nikkei 225 Index rose by 9.7% and the Topix Index rose by 10%.

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07 августа 2024 04:31

Nikkei 225 index gains up 9%

the Nikkei 225 index continued to strengthen, with the increase expanding to 9%.

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07 августа 2024 04:05

Renzo opens up second season airdrop enquiries

The Ethereum re-staking protocol Renzo has launched the airdrop query for the second quarter. According to BlockBeats, Renzo completed the snapshot for this period on July 26. The team is currently working on calculating enhancement effects, identifying Sybils, and analyzing the data.

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07 августа 2024 03:44

In the past 12 hours, the entire network has liquidated 264 million US dollars, mainly short orders

the entire network had a liquidation of $264 million in the past 12 hours, of which long orders had a liquidation of $102 million and short orders had a liquidation of $162 million.

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06 августа 2024 23:48

VanEck releases promotional video for its spot Ethereum ETF ETHV

VanEck released its spot Ethereum ETF ETHV promotional video on the social platform, and its management fee is temporarily 0. VanEck also stated that investing in the VanEck Ethereum ETF involves significant risks and may not be suitable for all investors. The trust fund is not an investment company registered under the Investment Company Act of 1940, nor is it a commodity pool under the Commodity Exchange Act, so it provides less protection for investors.

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06 августа 2024 22:56

Coinbase to launch Bitcoin Gold, but won’t help users migrate

Galxe (GAL) has announced the migration of its tokens to Gravity (G) (ERC-20 token). Coinbase will add support for Gravity (G) on the Ethereum network. Coinbase will not perform the migration of these assets on behalf of users. The official GAL token migration portal will be open to all users from July 9, 2024, and will remain active for at least one year.

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06 августа 2024 21:59

Analysis: Ethereum L2 solution may trigger market concerns about liquidity fragmentation

The proliferation of Ethereum Layer 2 solutions is raising concerns about liquidity fragmentation. Patrick Liou, head of sales at Gemini, said that the emergence of multiple Layer 2 blockchains, while intended to solve scalability issues, has inadvertently weakened the operation and adoption of blockchains and their applications. Although moving liquidity from one blockchain to another is not easy, advancements in bridging applications are making the process smoother. Gemini’s report shows that a new Ethereum Layer 2 appears every 19 days, further exacerbating the problem of fragmented liquidity.

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06 августа 2024 20:58

An idle pre-mining address containing 500 ETH was activated after nine years

An idle pre-mining address containing 500 ETH was activated after nine years, worth approximately $1,254,044.

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06 августа 2024 20:29

Opinion: Trump’s promise to fire SEC chairman on first day in office may face obstacles

Tonya Evans, a professor at Penn State Dickinson School of Law, pointed out that Trump declared at the Bitcoin 2024 conference that if elected, he would fire SEC Chairman Gary Gensler on day one and push for the federal government to hold Bitcoin. However, the promise to fire Gensler faces numerous obstacles. It is reported that the dismissal process is very complicated, and Trump must prove that Gary Gensler committed inefficiency, negligence or malfeasance in order to initiate the dismissal process. While some politicians and crypto industry representatives view Gensler's performance as poor and believe he is justified in firing him, the entire process could take months or even longer than Gary Gensler's five-year term. So unless Gary Gensler resigns on day one, his departure won't happen quickly.

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