Money & Crypto News

03 августа 2024 03:03

Apple CEO: Will continue to make significant investments in artificial intelligence technology

Apple CEO Tim Cook announced that the company will continue to invest heavily in artificial intelligence technology. For the third quarter, Apple reported service revenue of $24.21 billion, surpassing market expectations of $23.96 billion and up from $21.21 billion in the same period last year.

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03 августа 2024 02:57

Coinbase Q2 revenue exceeds expectations with $1.45 billion

In the second quarter, Coinbase reported total revenue of $1.45 billion, surpassing Wall Street's expectation of $1.4 billion. However, their adjusted EBITDA was $596 million, which was below the anticipated $607.7 million. The company’s transaction fees dropped 27% from the previous quarter, along with a 28% decline in transaction volume. On a positive note, subscription and service revenue increased by 17%. Following the report, Coinbase's stock price rose approximately 2% to $212.5 and has seen a 48% increase year-to-date.

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02 августа 2024 19:49

Genesis Wallet transferred about 14,000 BTC and 156,000 ETH through a transit address, possibly to execute bankruptcy liquidation procedures

he Genesis wallet transferred about 14,000 BTC (US$900 million) and 156,000 ETH (US$480 million) through the transit address in nearly an hour, and it is suspected that it is executing bankruptcy liquidation procedures. According to Arkham data, the Genesis Trading address currently holds about $14 million in crypto assets, including only 229 ETH (worth $720,000) and about $10 million worth of BTC.

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02 августа 2024 18:47

Bitcoin briefly breaks through $65,000

Bitcoin briefly broke through $65,000 and is now quoted at $65,013, a 24-hour increase of 0.62%.

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02 августа 2024 18:11

Grayscale transferred approximately 24,908 ETH to Coinbase Prime address

Grayscale transferred about 24,908 ETH to the Coinbase Prime address 7 minutes ago, worth about 78.36 million US dollars.

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02 августа 2024 16:54

Market news: Hong Kong family office Avenir Capital bought $383 million worth of Bitcoin spot ETFs in Q2

On August 2, according to market news cited by Trader T, Hong Kong family office Avenir Capital bought $383 million worth of Bitcoin ETFs IBIT and FBTC in Q2.

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02 августа 2024 15:54

Coinbase plans to launch crypto index fund Coinbase 500

On August 2, according to DL News, Coinbase CEO Brian Armstrong said in the company's earnings call with investors that Coinbase hopes to create its own crypto index fund, Coinbase 500.

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02 августа 2024 14:56

Finder survey: Most respondents predict ETH will rise to $23,549 by 2030

According to a survey conducted by Finder in July on ETH price predictions by 2030, most respondents expect its price to rise sharply due to institutional factors such as the launch of Ethereum spot ETFs. "On average, our panel of experts believes that ETH will reach $5,368 by the end of 2024, $7,359 by the end of 2025, and $23,549 by 2030."

Money & Crypto News

02 августа 2024 13:56

Lykke attacker transferred 852,000 DAI to a new address

According to financial reports, according to Paidun monitoring, the Lykke attacker address transferred 852,000 DAI to the new address 0x3877...9fac. The Lykke attacker has laundered 3 million DAI and 89 ETH through eXch.

Money & Crypto News

02 августа 2024 12:54

RIZE and Movement Labs jointly launched the Telegram mini-game MOMO, playing games to earn mainnet airdrops

On August 2, Web 3 liquidity diffusion network RIZE announced the launch of the Telegram mini-program MOMO, which can be seamlessly connected to the Movement Labs incentive testnet. MOMO uses account abstraction technology to allow users to interact conveniently on the testnet without leaving the Telegram application.

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02 августа 2024 11:54

CoinEx destroyed 10,190,183.32 CET in July, equivalent to about $660,000

On August 2, the cryptocurrency trading platform CoinEx announced that CoinEx conducted the 7th monthly CET repurchase in 2024 and destroyed 10,190,183.32 CET, with a value of $665,072.95. The current total remaining CET is 2,791,826,700.42 CET, with a market value of $195,239,990.22.

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02 августа 2024 10:51

OKX Racer now supports OKX Web3 wallet

According to official news, the first Telegram price increase and decrease guessing app OKX Racer now supports OKX Web3 wallet, and users can get 5,000 points reward by completing the connection task. Currently, users can play the BTC price increase and decrease guessing game in OKX Racer through the OKX Web3 wallet, and can get multiple points rewards by completing more designated tasks. It is reported that OKX Racer currently only supports mnemonic wallet or TON chain private key wallet connection.

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02 августа 2024 09:55

In July, Raydium, pump. fun, and Jito became the top three protocols in Solana's ecological fee income

According to financial reports, data shows that in the past few months, Solana's on-chain transaction volume has increased significantly. In addition, the number of daily active addresses has surged, recently exceeding 2 million (7-day MA), and a large number of users have poured into the ecosystem dominated by DApps such as Raydium, pump. fun, and Jito. Among these DApps, Raydium has become the main source of Solana's fee income.

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02 августа 2024 08:57

Only 1.41% of Meme coins were successfully launched on Raydium through pump. fun

According to financial reports, Dune Analytics data shows that only 1.41% of the crypto tokens generated through the Solana chain Meme coin creation tool pump. fun were successfully launched on the Solana protocol Raydium.
Adam Cochran, partner of Cinneamhain Ventures, pointed out that no new coins "really broke through" the fully diluted valuation (FDV) level of $20 million, which shows that "we are finally starting to wash out the Meme cycle." It is worth noting that several American celebrities, including Caitlyn Jenner, Iggy Azalea and Jason Derulo, have used the tool to launch and promote crypto tokens since May.

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02 августа 2024 07:56

Coinbase denies allegations of violating campaign finance laws

In a July 31 report, well-known cryptocurrency skeptic Molly White claimed that Coinbase appeared to have violated campaign finance laws by donating to the Fairshake crypto super PAC while actively negotiating a federal government contract, according to Finance Magnates.

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03 августа 2024 02:59

MicroStrategy Q2 net loss of $102.6 million

In its second quarter financial report, MicroStrategy posted a net loss of $102.6 million, or $5.74 per share, compared to a net income of $22.2 million, or $1.52 per share, in the same period last year. The loss was largely due to a $180.1 million provision for its Bitcoin holdings, up from $24.1 million the previous year. As of July 31, the company owned 226,500 bitcoins, acquired at an average price of $36,821 each, totaling $8.3 billion.

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03 августа 2024 02:33

Bitcoin rebounds above $65,000 this morning

Bitcoin rebounded above $65,000 this morning and is now quoted at $65,377, a 24-hour increase of 1.09%.

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02 августа 2024 19:27

An address transferred 8,000 ETH to Jump Trading, worth more than $25 million

a certain address transferred 8,000 ETH to Jump Trading at around 21:37 today, with a value of approximately US$25,243,024.

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02 августа 2024 18:28

Lido Launches Institutional Liquidity Staking Solution Lido Institutional

Lido launched Lido Institutional, an institutional-grade liquidity staking solution. The Lido Institutional middleware solution combines the reliability and security required for enterprise-grade staking with the liquidity and practicality required for diversified institutional strategies.

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02 августа 2024 17:29

The Information: Stablecoin issuer Circle's business may be affected by the Fed's rate cut

On August 2, The Information disclosed that the Fed's rate hike may be a boon to stablecoin issuer Circle, but the rate cut may have an impact on it. With the threat of a Fed rate cut looming, Circle is looking for ways to expand its business.
Currently, Circle's revenue mainly comes from interest income from tens of billions of dollars in cash, U.S. Treasury bonds and other assets that support its popular USDC stablecoin. Circle CEO Jeremy Allaire said in an interview that the fee-based business of selling blockchain wallet services and other crypto infrastructure to developers and other companies may become a more important source of income.

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02 августа 2024 16:29

ARK Invest buys $21 million worth of 3iQ Ethereum Collateralized ETF

On August 2, according to ARK's trading data, the company purchased 1.7 million shares of 3iQ Ethereum Collateralized ETF (ETHQ.U) on August 1, with a total value of $21 million.
About 1 million shares of ETHQ.U were allocated by ARK Next Generation Internet ETF (ARKW), and the remaining 651,713 shares were purchased through ARK Fintech Innovation ETF. (Cointelegraph)

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02 августа 2024 15:31

After the release of non-farm data, traders bet that the Fed will cut interest rates by 50 basis points in September

On August 2, after the release of non-farm data, the US dollar index DXY gapped down 40 points and is now at 103.67.
In addition, traders increased their bets on the Fed's future sharp interest rate cuts. Traders bet that the Fed will cut interest rates by 50 basis points in September after the unemployment rate rose to 4.3% in July.

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02 августа 2024 14:31

The market expects a 50% chance of the Fed cutting interest rates by 100 basis points in 2024

According to financial reports, the market expects a 50% chance of the Fed cutting interest rates by 100 basis points in 2024. The interest rate swap market shows that there is a 50% chance that the Fed will cut interest rates by 50 basis points in 2024.

Money & Crypto News

02 августа 2024 13:40

IntoTheBlock: Ethereum fees hit a nine-month low

According to a financial report, IntoTheBlock data shows that this week, Ethereum fees hit a nine-month low, with total fees of $18.2 million and gas costs down to 1 gwei (a swap transaction costs about $1).

Money & Crypto News

02 августа 2024 12:29

Australian spot Bitcoin ETF holdings exceed 100

On August 2, according to Bitcoin Magazine, Australia's Monochrome spot Bitcoin ETF holdings exceeded 100 BTC. As of July 31, 2024, the number of BTC held reached 104, with total assets under management of approximately AUD 106.4 million.

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02 августа 2024 11:33

TG and TON ecosystem social growth tool INVITE rose more than 800% on Gate and BitGet

On August 2, according to BitGet and Gate trading trends, $ INVITE rose more than 800% after opening, and Gate reached a maximum of 0.1U. INVITE is the leading social growth tool in the Telegram ecosystem, issued in a community fair sale, with UXLINK as its social infrastructure.

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02 августа 2024 10:31

WEMIX Foundation stops WEMIX token destruction plan

According to financial reports, the WEMIX Foundation announced the cessation of the WEMIX token destruction plan and shifted resources to ecosystem expansion. The WEMIX team said that the decision to stop the destruction plan is aimed at balancing supply, circulation and sustainable growth of the ecosystem. At the same time, the team will continue to promote the deflationary token economy through the WEMIX Pay repurchase plan, promising to use at least 4-5% of WEMIX Pay revenue for repurchase.

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02 августа 2024 09:30

Russia exchanges two prisoners for some Russians held by the United States and its allies, including BTC-e founder Vinnik

Financial report, according to Protos, Russia used Wall Street Journal reporter Evan Gershkovich and a former US Marine Paul Whelan in exchange for some Russians held by the United States and its allies, including Alexander Vinnik, the founder of the BTC-e cryptocurrency exchange.

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02 августа 2024 08:37

193rd Ethereum ACDE meeting: Developers postpone decision on whether to include EIP7212 in Pectra

According to financial reports, Christine Kim, vice president of research at EGalaxy, summarized the 193rd Ethereum Core Developer Executive (ACDE) conference call, which discussed topics such as the testing progress of the Pectra upgrade, the threat of quantum computers, EIP 7212 and EIP 6110. Developers postponed the decision on whether to include EIP 7212 in Pectra, focusing on solving existing code problems. The discussion also covered Ethereum's preparations for quantum attacks and the proposal to distribute historical data through EIP 4444.

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02 августа 2024 07:31

Base announces the winning projects of the "Onchain Summer" hackathon

On August 2, Base announced the winning projects of the "Onchain Summer" global online hackathon. The event was held from May 31 to June 30 and attracted more than 7,500 developers from around the world to submit more than 1,250 projects. As the number of projects and creativity exceeded expectations, Base increased the prize pool from 200 ETH to 250 ETH.

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