Money & Crypto News

02 августа 2024 06:56

Total market value of cryptocurrencies: $2,303.057 billion, 24-hour trading volume: $85.647 billion

According to financial reports, according to CoinGecko data, as of now, the total market value of cryptocurrencies: $2,303.057 billion; 24-hour trading volume: $85.647 billion.

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02 августа 2024 05:50

A whale spent 7.39 million USDT to buy 113 BTC 4 hours ago

According to Lookonchain, a whale recently spent 7.39 million USDT to acquire 113 BTC. Previously, the whale used 95.5 million USDT across three wallets to purchase 1,739 WBTC at an average price of $54,952, and 48.7 million USDT to buy 17,366 ETH at $2,804 each.

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02 августа 2024 05:11

A whale has liquidated its ETH holdings, with an estimated loss of $960,000

A whale withdrew 7,000 ETH, worth around $25.56 million, from OKX between June 10 and June 12, at an average price of $3,652. Recently, the whale recharged the last 2,500 ETH to Binance at a lower price of $3,204, resulting in a total loss of approximately $960,000.

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02 августа 2024 04:55

US Ethereum spot ETF had a net outflow of US$77.2 million

based on monitoring data from Farside Investors and Trader T, the U.S. Ethereum spot ETF had a net outflow of $77.2 million

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02 августа 2024 04:29

Otherside announces that the Alpha version of the development kit will be launched in August

according to official news, Yuga Labs Metaverse Project Otherside announced that its development kit Alpha version will run on ApeChain powered by Apecoin in August 2024.

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02 августа 2024 04:01

CryptoQuant CEO: Whales are preparing for the next altcoin rally

CryptoQuant CEO Ki Young Ju reported that whales are positioning for a rebound in altcoins, as evidenced by a rising volume of limit buy orders for altcoins excluding Bitcoin and Ethereum. This trend suggests the establishment of a strong buy wall. Limit orders, used by whales and institutions to avoid slippage, contribute to "order volume" as opposed to "take order volume" from market orders. The indicator, which tracks the cumulative difference between buy and sell order volumes over a one-year moving window, shows an upward trend, indicating increasing buy pressure and stronger buy walls.

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02 августа 2024 03:49

Telegram launches in-app browser and mini app store

Telegram has introduced a new in-app browser in its latest version update, which supports multiple tabs and integrates Web3 functionality for nearly one billion users. The browser features a mini app store and the ability to give Stars to friends. It also supports decentralized websites hosted on the TON network, accessible across mobile and desktop applications.

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02 августа 2024 03:31

Bitcoin mining company Riot Platforms: Q2 net loss of $84.4 million

Riot Platforms reported a net loss of $84.4 million for Q2 2024, compared to a $27.4 million loss in Q2 2023. This loss included $76.4 million due to changes in Bitcoin's fair value, $32.1 million in non-cash stock compensation, and $37.3 million in depreciation and amortization. The non-GAAP adjusted EBITDA for the quarter was -$75.2 million, down from $24.3 million a year earlier. As of June 30, 2024, the company held 9,334 uncollateralized bitcoins, all from its self-mining operations.

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02 августа 2024 03:19

Tether: Net profit of US$5.2 billion in the first half of the year, excess reserves have reached US$5.3 billion

In the second quarter of 2024, Tether reported a net operating profit of $1.3 billion and a record net profit of $5.2 billion for the first half of the year. Tether's U.S. Treasury holdings exceeded $97.6 billion, surpassing those of Germany, the UAE, and Australia, placing it 18th in global Treasury holdings. The company's equity increased by $520 million, though this was partially offset by unrealized losses from Bitcoin. As of June 30, 2024, Tether's consolidated net equity was $11.9 billion. Tether reinvested part of its profits into strategic projects and maintained $5.3 billion in excess reserves to ensure the stability of its tokens. Additionally, Tether issued over $8.3 billion in USDT during the quarter.

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02 августа 2024 02:38

US Senator Cynthia Lummis Introduces Bitcoin Strategic Reserve Act in Senate

U.S. Senator Cynthia Lummis has introduced the Bitcoin Strategic Reserve Act, which aims to create a reserve fund for Bitcoin managed by the U.S. Treasury. The proposed legislation calls for establishing a "decentralized secure Bitcoin vault network" with stringent security measures to protect the funds. The bill sets a long-term goal of acquiring 1 million bitcoins, approximately 5% of the total supply, using existing Treasury funds to match its gold holdings.

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02 августа 2024 01:57

Montenegrin court paves way for extradition of Do Kwon to South Korea

Bloomberg reported that the Montenegrin Court of Appeal upheld the ruling that Terraform Labs Pte. co-founder Do Kwon should be deported to his home country of South Korea, thus rejecting the suggestion that he be deported to the United States.

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02 августа 2024 00:59

Galaxy Digital Q2 net loss of $177 million

CoinDesk reported that Galaxy Digital (GLXY) reported a net loss of $177 million in the second quarter, almost four times that of the same period last year, due to the decline in the cryptocurrency market.

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01 августа 2024 23:46

A certain address transferred $15.67 million of meme coins, and the overall floating profit reached $14.86 million

a smart money address 0x7ea...41416 transferred PEPE and MOG with a total value of $15.67 million to a new address two hours ago, and the total floating profit of the two tokens was as high as $14.86 million.

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01 августа 2024 22:55

Memecoins fell across the board, with WIF falling more than 16% in 24 hours

affected by the downward market, the meme coin sector fell across the board, including:
WIF fell more than 16% in 24 hours;
SATS fell more than 13% in 24 hours;
BONK fell more than 12% in 24 hours;
PEPE fell more than 12% in 24 hours;
FLOKI fell more than 12% in 24 hours;
PEOPLE fell more than 12% in 24 hours.

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01 августа 2024 21:29

Mining company Bitfarms produced a total of 253 Bitcoins in July

Bitcoin mining company Bitfarms produced 253 BTC in July, of which 142 were sold, with a total profit of $8.6 million. That is, 111 BTC were added in July, bringing the treasury balance to 1,016 BTC, which is worth $67.2 million based on the BTC price of $66,100 on July 31, 2024.

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02 августа 2024 06:29

Injective: Altaris mainnet upgrade completed

On August 2, Injective completed the Altaris mainnet upgrade. The upgrade includes: adopting optimization measures (accelerating chain speed and overall performance), integrating Wasm 2.0 (providing necessary tools for creating next-generation DApps), integrating IBC hooks and PFM (enhancing cross-chain capabilities), developer toolkit upgrades (updated support for Python, Go, and TypeScript SDKs), integrating RWA oracles (providing tokenized asset product data), staking grants (can authorize other traders to use part of the staking), and supporting Ledger hardware wallets.

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02 августа 2024 05:38

OKX Web3 Wallet and TON Ecosystem The Open League jointly held a Giveaway event

From August 1 to August 14, 2024, OKX Web3 Wallet and The Open League are hosting a Giveaway event. Users participating through the OKX Web3 Wallet can win rewards from eight projects: MomoAI, Vertus, Chick Coop, Bounty Bay, WatBird by GAMEE, Cat Gold Miner, Tradoor, and CatsXWar. The Open League aims to boost user engagement and project visibility within the TON ecosystem, while OKX Web3 Wallet offers a unified platform supporting over 100 public chains.

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02 августа 2024 05:07

Vitalik: The trough of cryptocurrency usefulness has passed

Ethereum co-founder Vitalik Buterin said on the social platform that the trough of cryptocurrency practicality has passed. From a technical point of view, the biggest progress in the past five years is that the scalability problem of blockchain is about to be solved. Vitalik specifically mentioned the prediction market Polymarket, saying that it "performed well after the interview this spring and is very happy with its operation on Ethereum."

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02 августа 2024 04:47

BIS and Bank of England launch project “Pyxtrial” for stablecoin monitoring

Cointelegraph reported that the Bank for International Settlements (BIS) and the Bank of England have released results from their "Pyxtrial Project," which aims to monitor reserves of asset-backed stablecoins and tokenized assets. The project, described as a proof-of-concept, is considered an important initial step. However, the system is not yet fully operational, and its creators noted that it cannot go live yet due to the ongoing development of relevant regulations.

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02 августа 2024 04:16

Early bird tickets for the documentary "Vitalik: An Ethereum Story" are now available for sale at $20

according to official news, Ethereum Stories announced that the documentary "Vitalik: An Ethereum Story" will be released on September 20, 2024. Early bird streaming tickets are now open for minting, priced at US$20, and the early bird price will last until August 23.

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02 августа 2024 03:56

ARK Invest sold approximately $2.7 million of Coinbase shares

according to Ark Invest Daily, Cathie Wood's ARK Invest sold a total of 12,077 shares of Coinbase COIN yesterday, equivalent to approximately US$2.7 million.

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02 августа 2024 03:43

Grayscale ETHE had a net outflow of $133.3 million

according to Farside Investors monitoring, Grayscale ETHE had a net outflow of $133.3 million yesterday, the Mini Trust (code: ETH) had a net inflow of $19.5 million, Bitwise's ETHW had a net inflow of $4.7 million yesterday, and Fidelity's FETH had a net inflow of $18.8 million.

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02 августа 2024 03:24

CME Fed Watch: The probability of the Fed cutting interest rates in September is 100%

In September, there's a 90.5% probability that the Fed will cut interest rates by 25 basis points, and a 9.5% chance of a 50 basis point cut. By November, the likelihood of a 25 basis point cut drops to 21.7%, while the probability of a 50 basis point cut increases to 71.1%, and the chance of a 75 basis point cut is 7.2%.

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02 августа 2024 02:50

Economic Daily published an article titled "Risks and Challenges Coexist in the Global Stablecoin Market"

The Economic Daily article discusses the rapid growth and importance of stablecoins, which are linked to stable assets like legal tender to reduce market volatility. Despite their increasing use, with a global transfer volume reaching $4 trillion in Q2 2024 and significant daily transactions, stablecoins face challenges. These include varied regulatory frameworks across countries, risks of liquidity issues, transparency concerns, and technical vulnerabilities. Experts highlight that while stablecoins are crucial for market stability, their future depends on overcoming these risks and managing competition effectively.

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02 августа 2024 02:06

In the past 24 hours, the entire network has liquidated $156 million, mainly long orders

the entire network had a liquidation of $156 million in the past 24 hours, of which long orders had a liquidation of $122 million and short orders had a liquidation of $33.29 million.

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02 августа 2024 01:31

Jupiter's proposal to reduce the supply of JUP tokens is now open for voting

Jupiter published a post stating that the proposal to “reduce the supply of JUP tokens” has now been launched for voting, with the main goal of providing more certainty, consistency, and transparency to all JUP holders and the community.

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02 августа 2024 00:25

Bitcoin falls below $63,000

Bitcoin fell below $63,000, a 24-hour drop of 5.41%.

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01 августа 2024 23:29

SOL fell nearly 10% in 24 hours, temporarily reported at $163.08

SOL fell below $165 and is now quoted at $163.08, a 24-hour drop of 9.87%.

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01 августа 2024 22:35

Bitcoin falls below $64,000

Bitcoin fell below $64,000 and is now quoted at $63,762, a 24-hour drop of 4.07%.

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01 августа 2024 21:10

Paribu Box will list FIL

Turkish cryptocurrency exchange Paribu Box will list Filecoin (FIL). Deposits are now open and trading will start at 16:00 tomorrow

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