Former Coinbase CTO creates Web3 innovation university "The Network School", aiming to become "Stanford 2.0"
On August 19, Web3 investor Balaji announced that he would establish an innovative university called "The Network School" in Singapore. The university will be located on an island near Singapore and is committed to providing development opportunities for "Dark Talent" (young talents who are on the margins and not noticed by the mainstream world) from all over the world. It is reported that Balaji is a Stanford Ph.D., former Coinbase CTO and A16z partner, and a top angel investor in the Web3 field. He said that The Network School will focus on four core directions: "Learn, Burn, Earn and Fun"
✅@Money
GSR deposited 10.89 million RARE to Binance, about 3.41 million US dollars
GSR deposited a total of 10.89 million RARE (about 3.41 million US dollars) to Binance in the past 24 hours, and the price of RARE has risen by 300% in the past 3 days.
✅@Money
Greeks. live: The risk of a market crash has been lifted, short-term macro news
This week is crucial for macroeconomic developments with the Jackson Hole Global Central Bank Annual Meeting on Thursday. Key events include central bank minutes releases, speeches by major financial leaders, and U.S. jobless claims data. The crypto market remains weak but stable, with confidence recovering. Implied volatility is expected to drop after the central bank meetings, and there may be opportunities in short-term options and the Bitfinex interest rate market.
✅@Money
eOracle founder: "Eigen Labs employees accepting airdrops from other projects caused a conflict of interest" report is false
Matan Sibon, founder of eOracle, criticized CoinDesk’s report on Eigen Labs, accusing it of misrepresenting facts. Sibon claimed that the interview was focused unfairly on whether Eigen Labs pressured projects for token airdrops, despite his denials. CoinDesk’s report, dated August 15, alleged that Eigen Labs employees received millions in tokens, raising conflict of interest concerns. Eigen Labs has since banned such practices and implemented policies to prevent conflicts of interest. Sibon demands a retraction or evidence to support the claims.
✅@Money
Data: Since the launch of SunPump, the TRON network has added 4,888 Meme coins
according to Lookonchain monitoring, since the launch of SunPump, the TRON network has created 4,888 new Meme coins, bringing in 1.84 million TRX (about $246,600) in revenue.
✅@Money
Swarm (BZZ) rose by about 45% in a short period of time, reaching a high of $0.376, and has now fallen back to $0.317.
✅@Money
Analyst: Ethereum Gas Fee Bottom May Indicate ETH Price Is at the Mid-Term Low
Ryan Lee, chief analyst at Bitget Research, notes that Ethereum's Gas fees hitting a multi-year low often signals a potential price bottom for ETH, with strong rebounds historically following such periods. Currently, Ethereum's Gas fees have dropped to their lowest in five years, due to factors like the popularity of memes, user migration to faster blockchains like Solana, and the Dencun upgrade improving network efficiency. Recently, Gas fees fell to 0.6 gwei, with low-priority transactions costing 1 gwei or less—an uncommon occurrence in recent years.
✅@Money
2 addresses withdrew a total of 828.6 billion PEPE from Kraken 7 hours ago, equivalent to about 6.19 million US dollars
⏩The address starting with 0x689 withdrew 500 billion PEPE (about 3.72 million US dollars) from Kraken
⏩The address starting with xBE2 withdrew 328.6 billion PEPE (about 2.47 million US dollars) from Kraken.
✅@Money
RARE briefly broke through $0.24, up more than 220% in 3 days
SuperRare (RARE) rose briefly above $0.24 and is now quoted at $0.2274, a 3-day increase of 225% and a 24-hour increase of 51.7%.
✅@Money
Solana NFT Sales Surpass $5.77 Billion
According to the latest data from CryptoSlam, the total sales of NFTs on the Solana blockchain have reached $5.77 billion. The platform has recorded approximately 52.81 million NFT transactions, with 4.05 million buyers and 2.24 million sellers.
✅@Money
Solana Meme Coin Platform Pump•fun Earns $98.3 Million
According to Dune data, Solana's meme coin platform Pump•fun has accumulated total revenue of $98.3 million.
✅@Money
U.S. Bitcoin ETFs Hold 4.66% of Total BTC Supply
According to Dune data, U.S. Bitcoin ETFs collectively hold around 919,000 BTC, representing 4.66% of the total supply. Since the launch of ETH, net inflows have reached approximately 299.8k BTC, with about 3,660 BTC added in the past week.
✅@Money
Vice President Kamala Harris Pushes Comprehensive Economic Proposals
Vice President Kamala Harris is advocating for a series of broad economic proposals aimed at offering new tax breaks and reducing the cost of living for Americans. These initiatives are designed to address the financial concerns most important to voters.
✅@Money
PENDLE briefly breaks through $3.1
PENDLE briefly broke through $3.1 and is now trading at $3.043, with a 24-hour increase of 15.66%. The market fluctuates greatly, so please control your risks.
✅@Money
CryptoPunk 5822 sold for an undisclosed price. It was previously sold for 8,000 ETH in 2022.
according to the CryptoPunk official website, CryptoPunk 5822 was sold today for an undisclosed price and is currently held by the address starting with 0xc121. CryptoPunk 3443 is one of the 9 alien punks and was traded for 8,000 ETH in 2022.
✅@Money
Google sued for failing to remove scam app that stole over $5 million in cryptocurrency
A Florida woman has sued Google, claiming the company failed to promptly remove the scam cryptocurrency app "Yobit Pro" from the Google Play Store. She invested over $4.6 million in the app between February and July 2023, and by July, her account showed $7 million. However, when she tried to withdraw her funds, the app demanded additional payments totaling $2.5 million in "taxes and fees." After filing a complaint with the Consumer Financial Protection Bureau (CFPB), which forwarded it to Google, the app was only removed three months later. The woman alleges she lost over $5 million due to Google’s delay in addressing the scam, and reports that five other users faced similar issues.
✅@Money
Bitget App ranks in the top ten of the financial rankings in 11 countries
The Bitget app has seen a significant rise in rankings on the Apple iOS App Store, now among the top ten financial apps in 11 countries, including second in Nigeria, sixth in Ukraine, and eighth in Belarus. This boost is attributed to its collaboration with DOGS, which has facilitated DOGS token airdrops with zero gas fees through Bitget accounts. Additionally, Bitget has introduced the "BitgetLuckyDogs" event, where users who deposit 1,000 DOGS are automatically entered into a lucky draw, with a grand prize of up to 1 BTC.
✅@Money
A church organization in Colorado has tokenized church assets worth $2.5 million.
The Colorado Prayer House has tokenized its main church building to facilitate purchasing the $2.5 million property. Pastor Blake Bush, inspired by a spiritual experience, is using blockchain technology to achieve this. The building, known as "Old Stone Church," was previously acquired for $2.2 million in 2022.
✅@Money
Polymarket's Trump's chances of winning the election have risen to 49%
the market predicted that Kamala Harris's chance of winning the 2024 US presidential election had fallen back to 50%, while Trump's chance of winning the 2024 US presidential election had risen back to 49%, almost closing the gap.
✅@Money
Bitwise CIO summarizes Q2 ETF institutional holdings: Overall, holdings are still increasing, and most institutions are diamond hands
⏩Institutional Growth: Institutional holdings increased by 30% to 1,924, despite a drop in Bitcoin's price.
⏩Investor Commitment: Most institutions maintained or grew their positions, with 44% increasing their holdings, 22% holding steady, 21% reducing, and 13% exiting.
⏩Top Holders: Hedge funds are the primary holders, but there is increasing involvement from advisors, family offices, and institutional investors, with potential for more participation from wealth managers and pensions.
✅@Money
The whale holding more than 100 BTC has accumulated 5021 BTC today
⏩Addresses holding 0.001-1 BTC have cumulatively reduced their holdings by 3620 BTC
⏩Addresses holding 1-10 BTC have cumulatively reduced their holdings by 1223 BTC
⏩Addresses holding 10-100 BTC have cumulatively reduced their holdings by 292 BTC
✅@Money
LISTA briefly broke through $0.46 and is now quoted at $0.432, a 24-hour increase of 32.88%.
✅@Money
Neiro on the Ethereum chain broke through $0.0001 and successfully "went to zero", setting a new historical high
Neiro (NEIRO) on the Ethereum chain broke through $0.0001, reaching a high of $0.000142, setting a new record high. The current price is $0.0001025, with a current market value of $45.05 million and a 24-hour trading volume of $37.96 million.
✅@Money
TON Network Staking Reaches 644 Million Tokens
According to Tonscan data, the TON Network currently has 644 million TON staked, with an APY of 3.7%. The network also has 386 active validator nodes.
✅@Money
Powell to Signal Rate Cuts at Jackson Hole
Goldman Sachs expects Fed Chair Powell's Jackson Hole speech to indicate upcoming rate cuts, dependent on future data. The bank forecasts three 25-basis-point cuts starting in September, warning against premature expectations of a larger cut.
✅@Money
Bitcoin Nears $60,600, Bullish Signals Emerge
Bitcoin is approaching the critical $60,600 level, with multiple technical indicators, including the Ichimoku Cloud and MACD, suggesting a bullish trend. Analyst Rekt Capital notes that breaking this level could mark a return to the post-halving "accumulation range" and potentially lead to a rapid price surge by late September.
✅@Money
BTC falls below $59,500
BTC fell below US$59,500 and is now trading at US$59,430.41, with a 24-hour drop of 0.11%. The market fluctuates greatly, so please control risks.
✅@Money
40 Bitcoin ETFs around the world hold a total of 1,070,594 Bitcoins
As of the updated global Bitcoin ETF data on August 16, 2024, 40 funds hold 1,070,594 Bitcoins, worth over US$64 billion. IBIT continues to accumulate Bitcoin
✅@Money
Polymarket: Trump and Kamala Harris have the same chance of winning the election
the market predicts that Trump and Kamala have the same probability of winning the 2024 US presidential election at 49%.
✅@Money