Money & Crypto News

06 августа 2024 19:41

Starknet Foundation announces first CEO will step down

The Starknet Foundation announced on the X platform that Diego Oliva will step down. He has served as the foundation's first CEO since March 2023 and has successfully established a strong team and structure. Additionally, James S., who has been with the Foundation since January 2024, will assume the role of Executive Director and continue to grow the Starknet ecosystem and its adoption.

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06 августа 2024 18:57

CryptoQuant founder: BTC may reach its all-time high again within a year as long as it remains above $45,000

CryptoQuant founder and CEO Ki Young Ju said that as long as BTC remains above $45,000, it may break through the all-time high again within a year. Although some indicators are now showing bearish signals. But a rebound is still possible, so we need to see if it stays at this level for a week or two. Bear market risk increases if it lasts longer, and recovery may be difficult if it lasts longer than a month.

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06 августа 2024 18:22

Peter Schiff: ETFs defeat the original purpose of Bitcoin’s decentralization

ETF goes against the original intention of Bitcoin. It is no longer decentralized, it is not peer-to-peer, it is easily confiscated, it cannot be used as a payment currency, and it cannot be transferred across borders. Users no longer have private keys and do not own their own coins.

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06 августа 2024 17:02

Arthur Hayes: Trump will have difficulty delivering on his Bitcoin policy, and governments will print money to benefit cryptocurrencies

On August 6, Arthur Hayes, co-founder of BitMEX, said in an interview that whether Trump or Harris wins the next US presidential election is not important to the crypto industry. Although the crypto industry has donated a lot of money to Trump, it is not enough to exceed JPMorgan Chase, Morgan Stanley, Citibank and Goldman Sachs, and the staff of these institutions are all from these banks, so although it would be great for Trump to be elected and do these things, he may encounter the same problems as in his first term. Regarding Bitcoin and monetary policy, Hayes said that both the Trump administration and the Harris administration will print money; they just do it in different ways.

Money & Crypto News

06 августа 2024 15:56

Ronin COO: Investigating potential MEV vulnerabilities, Ronin bridge has been temporarily suspended

According to financial reports, Ronin COO Psycheout posted that he is investigating reports of potential MEV vulnerabilities from white hat hackers, so Ronin bridge has been suspended. We will follow up with more information soon. The bridge currently ensures the security of more than $850 million.

Money & Crypto News

06 августа 2024 14:56

Ethena's stablecoin USDe has seen redemptions approach $100 million this week

Financial reports say that since Monday, Ethena's USDe stablecoin has seen redemptions approach $100 million. The violent market turmoil may have triggered user redemptions, putting some pressure on the protocol. Meanwhile, USDe has been able to maintain its peg to the dollar. However, The Block's Ethena price page shows that its price has fluctuated slightly, hitting $0.997 at one point before rebounding to the $1 mark. USDe currently has a supply of more than 3.1 billion tokens, 50% higher than the 2 billion supply in April.

Money & Crypto News

06 августа 2024 13:55

Hong Kong Monetary Authority: Consultation on the proposal to change the name of "virtual bank" to "digital bank"

According to financial reports, the Hong Kong Monetary Authority published a review report on virtual banks today. According to the review results, the development of virtual banks has achieved the three policy goals of introducing virtual banks in Hong Kong. In addition, the innovative banking business model of virtual banks using technology as the leading factor has been widely accepted in the Hong Kong market. As of the end of 2023, the number of depositors of virtual banks reached 2.2 million. The market responded well to the products and services provided by the eight virtual banks. At the same time, the HKMA also launched a one-month public consultation on the proposal to change the name of "virtual bank" to "digital bank" today. It is expected that the proposed new name will more effectively reflect the current banking business model of virtual banks.

Money & Crypto News

06 августа 2024 12:54

WazirX: New Delhi police has filed a case on "multi-signature wallet cyber attack"

On August 6, according to official news from WazirX, WazirX has reported to the police because its multi-signature wallet was attacked by cyber, and the police have filed a case on the matter. The case was filed on August 5, 2024 at the Special Group Police Station in Lodhi Colony, New Delhi under the BNS and IT Acts and was handled by the Intelligence Fusion and Strategic Operations Department (IFSO) of the Delhi Police. WazirX expressed its confidence in the investigation agency and will fully cooperate with the investigation. It is currently actively working to recover the stolen funds and hopes to bring the responsible persons to justice.

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Money & Crypto News

06 августа 2024 11:54

Binance questions India's $8.6 billion tax penalty

On August 6, CoinDesk reported that Binance has questioned the nearly $8.6 billion tax penalty notice issued by the Indian tax department. A person directly involved in the matter revealed that the Indian Directorate General of Indirect Tax Intelligence (DGGI) issued this notice to Binance last week asking for explanations. The notice involves fees collected by Binance from Indian customers from July 2017 to March 2024.

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06 августа 2024 10:54

OKX is about to launch MAX and ONDO leveraged trading, perpetual contracts and simple money earning

On August 6, according to the official announcement, OKX is about to launch MAX and ONDO leveraged trading, perpetual contracts and simple money earning.
OKX will officially launch MAXUSDT perpetual contracts on the web, App and API at 4:30 pm (UTC+8) on August 6, 2024, and launch MAX/USDT leveraged trading and simple money earning at 4:00 pm (UTC+8) on August 6, 2024.

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Money & Crypto News

06 августа 2024 09:54

Meme coins rebounded across the board, with new meme coins such as HITMAN and NEIRO leading the gains

On August 6, according to CoinGecko market data, meme coins rebounded across the board along with the broader market.
Among the old meme coins, DOGE rose 12.6% in 24 hours, SHIB rose 18.6% in 24 hours, and PEPE and WIF both rebounded nearly 20%;
Among the new meme coins, FWOG rose 92.4% in 24 hours, NEIRO on the Ethereum chain rose 82.8% in 24 hours, and HITMAN (the same-name meme of Turkish Olympic shooting athlete Yusuf Dikec) on the Ethereum chain rose 113.1% in 24 hours.

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Money & Crypto News

06 августа 2024 08:58

Former Synthetix Treasurer says he lost all his SNX in liquidation: he has nothing and can't support his family

On August 6, former Synthetix Treasurer SynthaMan tweeted yesterday that he lost all his SNX tokens due to liquidation.
SynthaMan said he has held SNX since IC0 and has never sold one, but now he has nothing. As a father of five, he admitted that he didn't know how to make a living and said he was shaking and crying because he couldn't support his family.
SynthaMan called on anyone who has a job opportunity related to cybersecurity or security research to contact him, and he is willing to work hard to support his family.

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Money & Crypto News

06 августа 2024 07:57

Former Synthetix Treasurer: Lost all SNX due to liquidation, can no longer support his family

On August 6, former Synthetix Treasurer SynthaMan tweeted yesterday that he lost all his SNX tokens due to liquidation. SynthaMan said that he has held SNX since IC0 and has never sold a single one, but now he has nothing. As a father of a family of five, he admitted that he didn't know how to make a living and said that he was shaking and crying because he could no longer support his family.

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Money & Crypto News

06 августа 2024 06:54

Jump Trading deposited 440 million USDC into Coinbase, which may be exchanged for US dollars

On August 6, according to Lookonchain monitoring, since Jump Trading started selling ETH on July 24, it has withdrawn 606 million USDC from Binance and deposited 440 million USDC into Coinbase, which may be exchanged for US dollars at a ratio of 1:1.

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06 августа 2024 05:56

Harris officially wins Democratic presidential nomination

US Vice President Harris officially won the Democratic presidential nomination.

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06 августа 2024 19:28

US Vice President Harris and Tim Walz confirmed their relationship as campaign partners on social media

U.S. Vice President Kamala Harris and Minnesota Governor Tim Walz each confirmed their new status as running mates on social media. Tim Walz’s profile on the "I am proud to announce that I have asked Tim Walz to be my running mate. One of the things that impressed me about Tim is his deep-rooted belief in fighting for middle-class families," Harris wrote.

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06 августа 2024 18:36

Today, the US spot Bitcoin ETF reduced its holdings by 3,615 BTC, and the spot Ethereum ETF increased its holdings by 8,815 ETH.

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06 августа 2024 17:40

Today, the US spot Bitcoin ETF reduced its holdings by 3,615 BTC, and the spot Ethereum ETF increased its holdings by 8,815 ETH

According to the financial report, according to Lookonchain monitoring, today (August 6), 10 US spot Bitcoin ETFs reduced their holdings by 3,615 BTC, equivalent to US$202.52 million; 9 spot Ethereum ETFs increased their holdings by 8,815 ETH, equivalent to US$22.2 million.

Money & Crypto News

06 августа 2024 16:32

Ronin: Negotiating with the attacker, user funds are safe

According to financial reports, Ronin released an update saying that after receiving a notification from a white hat hacker, a potential vulnerability in the Ronin bridge was discovered. After verification, the team suspended the operation of the bridge about 40 minutes after the first on-chain action. The attacker withdrew about 4,000 ETH and 2 million USDC, worth about 12 million US dollars. This withdrawal amount is exactly the maximum amount that can be withdrawn in a single transaction, showing that the withdrawal limit of the bridge played a key role in this incident and effectively prevented larger-scale losses.

Money & Crypto News

06 августа 2024 15:32

Coinbase analyst: Crypto market recovers slightly, short squeeze may occur

According to financial reports, Coinbase analyst David Duong said: "Market conditions on Tuesday showed that short squeeze is likely to occur amid increased buying activity on centralized exchanges. We believe that market panic will continue in the short term, but shorts are likely to be squeezed here, which could lead to a market rebound in the next few days."

Money & Crypto News

06 августа 2024 14:31

A new whale withdrew 18,942.67 ETH from Coinbase Prime in the early morning, currently worth about $46.5 million

On August 6, Etherscan data showed that the newly created address starting with 0x6101 withdrew a total of 18,942.67 ETH from the Coinbase Prime address through three transactions from 3:16 to 3:45 this morning, which is about $46.5 million at the current price.

Money & Crypto News

06 августа 2024 13:29

Matrixport: The market tends to attribute the Bitcoin plunge to the unwinding of yen carry trades

On August 6, digital currency investment research company Matrixport released an analysis report saying that the market tends to attribute the Bitcoin plunge to the unwinding of yen carry trades. Many financial market participants who borrowed yen to invest in high-yield assets are now reversing their positions, and Bitcoin has become a victim asset in this process. The Bank of Japan's unexpected interest rate hike, coupled with the market's expectations of a rate cut by the Federal Reserve, has increased the uncertainty of the central bank's policy and led to deleveraging of the financial system. According to some traders, this is the main reason for the decline in Bitcoin prices.

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06 августа 2024 12:29

Binance API will be updated on September 3

On August 6, according to the official announcement, Binance will update the request weight adjustment and WebSocket user data request from 06:00 (UTC) on September 3, 2024, and encourage users to switch to the updated version endpoint to improve performance and functionality.
Request weight adjustment (effective from September 3, 2024);
Deprecate WebSocket user data request (effective from September 3, 2024).

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06 августа 2024 11:29

Japanese stocks rebounded strongly, with the benchmark index closing at its biggest gain since October 2008

On August 6, Japanese stocks rebounded strongly on Tuesday after plunging into a bear market on Monday. The Nikkei 225 and Topix indexes rebounded nearly 10%, the biggest gain since October 2008; export stocks such as technology companies and automakers soared after the yen fell about 1% against the dollar. The sharp stock market shock triggered the circuit breaker mechanism for Nikkei futures, while the implied volatility of the index also fell from the highest level since 2008. Hideyuki Ishiguro, chief strategist at Nomura Asset Management, said: "The panic selling may be over, but today's market trend may still be a roller coaster as the anxiety in global markets remains high.

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06 августа 2024 10:29

Upbit adds PENDLE Korean Won and BTC markets

On August 6, according to the official announcement, Upbit added PENDLE Korean Won and BTC markets.
Deposits will be opened within 2 hours after the announcement, and trading is expected to open at 18:00 (Korean time). Only deposits and withdrawals of the designated network (PENDLE-Ethereum) are supported. The withdrawal fee of PENDLE is free within 24 hours after opening, and then the fee will be charged.

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06 августа 2024 09:29

CoinShares Q2 revenue was £22.5 million, up 110% year-on-year

On August 6, CoinShares announced its Q2 2024 results, with Q2 revenue of £22.5 million, up 110% year-on-year from £10.7 million in Q2 2023. As a result, CoinShares' total comprehensive income in Q2 2024 was £25.8 million (£5.3 million in the second quarter of 2023).
In addition, CoinShares successfully completed the sale of its FTX claims on June 24, achieving a net brokerage fee recovery rate of 116%, translating into a return of £28.7 million.

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06 августа 2024 08:31

USDC Treasury minted 50 million new USDC and transferred them to Coinbase

According to financial reports, according to WhaleAlert monitoring, around 1:31 am Beijing time on the 6th, 50 million USDC (50 million US dollars) were minted in USDC Treasury and then transferred to Coinbase.

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06 августа 2024 07:35

AI project gm. ai has completed the first season snapshot and opened the exchange window

On August 6, the AI ​​project gm .ai launched by the founder of Whales Market announced that it has completed the snapshot and opened the exchange window for Diamonds to GM. Users have 24 hours to exchange.
The project party said that in order to ensure fairness and prevent robot operations, each user will reserve 20,000 Diamonds for the second season. Yesterday, the founder of gm .ai said that the launch time of GM tokens may be postponed again.

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06 августа 2024 06:31

Arthur Hayes: The financial market may experience a second shock, and the problem of over-leverage is about to emerge

On August 6, BitMEX co-founder Arthur Hayes posted on X that the first wave of shocks in the financial market has passed, and now the problem of over-leveraged investors in the traditional financial field is waiting to emerge.
He expects the second wave of shocks to begin soon, and hinted that if there is a rescue, the market may need to experience more adjustments before this Friday. The current respite is only temporary, and market volatility will continue.

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06 августа 2024 05:54

Top trader Eugene: Worried about a deep economic recession, it is recommended that the priority now is to preserve assets

Top trader Eugene Ng Ah Sio shared his long-term market views on social media, highlighting the following points:

💥He avoids going long in markets with high uncertainty and weakness.
💥He previously bought altcoins but stopped after Bitcoin fell below $60,000, stating he won’t buy them again soon.
💥He attributes the recent decline to US election uncertainty and unwinding yen carry trades, expressing concern about a potential deep recession and its unknown impact on cryptocurrencies.
💥Despite recent sharp declines, he observes ongoing market complacency, with some bulls expecting a quick recovery, which may lead to more losses if the market conditions worsen.
💥He advises prioritizing capital preservation and notes that market conditions since August have been particularly challenging.

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