Money & Crypto News

03 августа 2024 07:53

A Memecoin pre-sale investor deposited 127.5 million MEMEs in Binance, with an estimated profit of $1.41 million

A Memecoin pre-sale investor deposited 127.5 million MEME ($1.55 million) in Binance, earning $1.41 million. Memecoin (MEME) raised $15.8 million through two rounds of pre-sale, with a pre-sale price of $0.001.

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03 августа 2024 06:56

Ethereum spot ETF total net outflow of $54.27,400 yesterday, and Grayscale ETF ETHE net outflow of $61.43,400 million in a single day

The total net outflow of Ethereum spot ETF was $54.27.04 million yesterday (August 2, Eastern Time). Yesterday, the daily net outflow of Greyscale Ethereum Trust ETF ETHE was $61.431.4 million, and the current historical net outflow of ETHE is $2.117 billion. The daily net outflow of Grayscale Ethereum mini-trust ETF ETH is $0. At present, the total historical net inflow of Grayscale Ethereum mini-trust ETH is $201 million. Yesterday, the Ethereum spot ETF with the largest single-day net inflow was Fidelity ETF FETH, with a one-day net inflow of $6,017,600. At present, the total historical net inflow of FETH is $297 million. The second is Franklin Templeton ETF EZET, with a single-day net inflow of $1,143.33 million, and the total historical net inflow of EZET is $30.673,300. As of press time, the total net asset value of Ethereum spot ETF was 8.332 billion US dollars, the net asset ratio of ETF (market value compared with Ethereum's total market value) reached 2.29%, and the historical net outflow has reached 511 million US dollars.

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03 августа 2024 06:00

HiBT will soon launch LAVA (Axelar Wrapped LAVA)

HiBT, a prominent digital asset trading platform, is set to launch LAVA (Axelar Wrapped LAVA) and introduce the LAVA/USDT trading pair in its Innovation Zone (HOT COIN). Trading will commence on August 3, 2024, at 16:00 (UTC+8). LAVA is a modular blockchain network focused on facilitating data access via remote procedure calls (RPC) and indexes. HiBT aims to offer early trading access and a seamless experience for users interested in high-quality digital asset projects, supporting the growth and accessibility of digital assets.

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03 августа 2024 05:34

XRP Ledger on-chain transaction volume fell 65.6% in Q2 2024

according to the XRP market report for the second quarter of 2024 released by Ripple, the transaction volume on the XRP Ledger (XRPL) dropped significantly from the first quarter to the second quarter of 2024 amid a surge in average transaction costs. The report emphasized that in the second quarter of 2024, XRPL on-chain transaction activity fell by 65.6% to about 86.38 million transactions, compared to 251.39 million transactions in the first quarter of 2023.

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03 августа 2024 05:05

Alchemy Pay Global Strategic Advisor David Plouffe Joins Harris Campaign

David Plouffe, former senior adviser to President Obama and campaign manager for his 2008 and 2012 elections, has joined Kamala Harris' campaign team. Although he will continue with his private sector clients, he will end his consulting work with TikTok. Plouffe had also recently joined Alchemy Pay’s management advisory board as a global strategic advisor, focusing on North American strategy, compliance, and government relations.

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03 августа 2024 04:50

Grayscale ETHE daily net outflow rate slows down

The daily net outflow rate for Grayscale ETHE has slowed, with only $78 million in outflows, the smallest since its listing. Over the first 8 trading days of listing, the total net outflow amounted to $2.055 billion.

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03 августа 2024 04:23

Cypherpunk has increased its holdings of 23,000 SOL and reduced its holdings of 110 BTC since mid-July

Canadian company Cypherpunk Holdings has increased its Solana (SOL) holdings by about 23,000 since mid-July, totaling 86,294 SOL, worth approximately $14.24 million. During the same period, the company reduced its Bitcoin (BTC) holdings by about 110 BTC, leaving it with 52 BTC, valued at around $3.36 million. Cypherpunk also sold $5.6 million worth of Animoca Brands shares. Additionally, its Solana verification node has earned over 230 SOL, worth about $38,000, in token rewards since starting operations on June 14.

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03 августа 2024 03:59

In July, Bitcoin whales accumulated 84,000 Bitcoins, setting a new record since October 2014

In July, Bitcoin whales increased their holdings by over 84,000 BTC, marking the largest monthly increase since October 2014, according to data from IntoTheBlock and TradingView.

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03 августа 2024 03:52

Fantom officially changed its name to Sonic Labs and is about to launch a new EVM chain Sonic

Fantom has officially rebranded as Sonic Labs and plans to launch a new EVM chain called Sonic by the end of the year. The rebranding aims to enhance its influence and technological advancements. Sonic Labs will focus on developing and promoting decentralized applications (DApps) for the Sonic platform. Sonic is expected to be a Layer-1 platform with over 10,000 TPS and a settlement layer confirmed within one second. Its native token, S, will be introduced through airdrops, simplified staking, and incentive programs.

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03 августа 2024 03:39

FBTC had a net outflow of $48.4 million

In recent fund flows, FBTC experienced a net outflow of $48.4 million, while Grayscale GBTC saw a net outflow of $71.3 million. Conversely, Grayscale BTC had a net inflow of $191 million. BITB and ARKB reported net outflows of $20.7 million and $22.4 million, respectively.

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03 августа 2024 03:27

BlackRock BUIDL Fund Has Paid $7 Million in Dividends Since Launch

Since its launch in March 2024, BlackRock's Tokenized Dollar Institutional Digital Liquidity Fund (BUIDL), which invests in U.S. Treasury bills, cash, and repurchase agreements, has distributed $7 million in dividends. According to Securitize, dividends paid were $265,400 in March, $1.21 million in April, $1.67 million in May, $1.82 million in June, and $2.12 million in July. In April 2024, BUIDL surpassed Franklin Templeton's BENJI to become the largest tokenized government debt investment fund globally.

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03 августа 2024 03:22

Web3 startups raised over $1.1 billion in July

In July, Web3-based startups secured over $1.1 billion from venture capitalists across 118 transactions. As market liquidity improves and investor confidence in the crypto ecosystem grows, new financing methods are emerging. One example is Lightning Ventures, which launched Thunder Funder, a regulated crowdfunding portal allowing qualified companies to raise up to $5 million annually through crowdfunding.

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03 августа 2024 03:17

Bybit will stop providing services in France due to the upcoming implementation of EU MiCA

Bybit will cease offering its products and services in France starting August 2 at 16:00 UTC+8. French users will no longer be able to buy, open, or add to positions across all Bybit products, including Bybit Earn and spot products. All existing positions will be closed by August 13, and only withdrawals will be permitted afterward. The decision is influenced by the upcoming EU Crypto-Asset Market (MiCA) regulations, which make it harder for crypto firms to secure licenses in France. Bybit plans to resume services in France once it obtains the necessary licenses.

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03 августа 2024 03:13

Ethereum rebounded above $3,200 this morning

Ethereum rebounded to above $3,200 this morning, and is now quoted at $3,211.50, with the 24-hour decline narrowed to 0.75%.

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03 августа 2024 03:09

ETHE had a net outflow of $78 million

Grayscale ETHE had a net outflow of US$78 million yesterday, and Bitwise ETHW had a net inflow of US$3.4 million.

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03 августа 2024 07:27

Microstrategy increased Bitcoin holdings to 226,500 BTC through acquisitions in the second quarter

NASDAQ-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings of 226,500 BTC. CEO Phong Le and Chief Financial Officer Andrew Kang were optimistic about the future support for Bitcoin and emphasized the company's financial strategy. Despite the net loss, Microstrategy is still committed to its Bitcoin strategy.

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03 августа 2024 06:37

Grayscale Position Data Update: Bitcoin Mini Trust has exceeded 30,000 BTC, and the market value of GBTC has dropped to about $15 billion

Grayscale officially updated the data of Bitcoin and Ethereum funds as of August 2, as follows:
1. Grayscale spot Bitcoin ETF GBTC holdings are 240,140.0663 BTC, the asset management scale (non-cognized accounting principles) has dropped to $15,026,416,447.41 US dollars, and the number of shares in circulation is 300,880,100;
2. Grayscale Bitcoin Mini Trust BTC holdings are 30,226.9427 BTC, the asset management scale (non-GAA) is $1,891,407,111.72, and the number of outstanding shares is 340,800,100;
3. Grayscale spot Ethereum ETF ETHE position reduced to 2,004,828.0171 ETH, asset management scale (non-GAAP) decreased to $6,032,467,358.62, and the number of shares in circulation was 236,658,500;
4. Grayscale Ethereum Mini Trust ETH holds 353,880.1199 ETH, the asset management scale (non-GAAP) is $1,064,814,664.49, and the number of shares in circulation is 375,548,500.

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03 августа 2024 05:53

The U.S. Ethereum spot ETF had a net outflow of $54.3 million yesterday, and Grayscale ETHE had a net outflow of $61.4 million

according to Farside Investors data, the US Ethereum spot ETF had a net outflow of US$54.3 million yesterday, of which Grayscale ETHE had a net outflow of US$61.4 million, Fidelity FETH had a net inflow of US$6 million, Franklin's EZET had a net inflow of US$1.1 million, and other ETFs including BlackRock ETHA had a net inflow/outflow of 0.

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03 августа 2024 05:24

QCP Capital: The US government's transfer of BTC, Mt. Gox and Genesis repayments have brought panic selling pressure to the market

QCP Capital posted on its official channel that this week the market violently reversed the positive rise that Trump brought to the cryptocurrency market, with the BTC price falling from a high of 70,000 after the speech to nearly 60,000 this morning. The reasons for the decline include selling pressure from the US government (about 28,000 BTC), Mt. Gox (33,960 BTC), and Genesis (BTC and ETH worth $1.5 billion); the difficulty of Bitcoin mining was raised to a record high, and people's expectations of a recession increased. Judging from the options market data, price fluctuations are expected to stabilize in the summer.

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03 августа 2024 04:57

A whale withdrew 4,600 BTC from CEX at an average price of $63,209, equivalent to about $291 million

According to Spotonchain, the "bc1qh" address withdrew 4,600 BTC, worth approximately $291 million, from Bitfinex at a price of around $63,209 each. Additionally, since June 12, three other whale addresses (likely a single entity) have withdrawn 3,910 BTC, valued at about $257 million, from Bitfinex, with the most recent withdrawal occurring three days ago.

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03 августа 2024 04:42

A whale sold nearly $60 million in assets to repay loans during the market drop last night

A whale sold 15,444 ETH and 193.4 WBTC for a total of $59.98 million USDC to repay a loan and clear leverage amid a market drop. Specifically, they sold 15,444 ETH for $47.84 million USDC at $3,098 each and 193.4 WBTC for $12.13 million USDC at $62,742 each. After repaying a $59.31 million USDC loan on Aave, the whale now holds 16,082 ETH (worth $51.1 million) and 550 WBTC (worth $35.86 million).

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03 августа 2024 04:21

Polymarket adoption exploded, with weekly activity up 14x year-to-date

ParaFi Capital reports that the prediction market platform Polymarket has seen substantial growth as the 2024 US election nears. Trading volume on Polymarket reached $688 million this year, with weekly active users increasing from about 1,400 to over 20,000—an approximately 14-fold rise. Web traffic has surged, with daily page views growing tenfold in the past year, exceeding 32 million, and peaking at 1.3 million views and 185,000 daily visitors in late July. Of nearly 70,000 Polymarket addresses, 42% made their first transaction in election-related markets, while 58% initially engaged in non-electoral markets such as cultural, business, scientific, and macro topics.

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03 августа 2024 03:54

Ark Invest sold $14.6868 million worth of Coinbase shares

Cathie Wood's Ark Invest sold 118,700 shares of the ARKB spot Bitcoin ETF, valued at about $7.5 million, from its ARKW fund. On August 1, the ARKW fund also sold 31,500 shares of Coinbase stock, while the ARKF fund sold 37,500 shares of Coinbase, totaling approximately $14.7 million. Additionally, the ARKK fund sold 282,400 shares of Robinhood stock, worth about $5.7 million.

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03 августа 2024 03:50

makenow. meme official account was frozen

the official Twitter account (@ makenowmeme) of the MEME coin issuance platform makenow. meme was frozen for violating the rules.

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03 августа 2024 03:37

CleanSpark to build new mining facility in Wyoming

After acquiring Riot Platforms, CleanSpark has become the second-largest mining company by market value. The company is expanding its operations with a new plant under construction in Cheyenne, Wyoming, set to open by year-end. CleanSpark is also acquiring a second mine in Wyoming and expanding to Tennessee through the purchase of GRIID Infrastructure. Additionally, the company has signed a 75-megawatt power contract in Wyoming, with 30 megawatts allocated to run the S21 Immersion XP ASIC at the new facility, boosting its hash rate by 2 EH/s. CleanSpark is seeking additional power sources for this expansion.

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03 августа 2024 03:25

Mining company Marathon's Q2 revenue was $145.1 million, lower than expected

Marathon Digital Holdings reported second-quarter revenue of $145.1 million, missing Wall Street's forecast of $157.9 million. The shortfall was attributed to operational challenges and the recent Bitcoin halving, which impacted mining efficiency. Adjusted EBITDA turned from a $35.8 million profit last year to an $85.1 million loss due to fair value adjustments on digital assets and fewer BTC mined. The company holds over 20,000 BTC and saw its shares drop 8% after hours, trading at approximately $18.14.

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03 августа 2024 03:20

Prediction Market DuelNow Completes $11 Million Funding, Led by GEM Digital Limited

DuelNow, a decentralized prediction market on the Arbitrum platform, has raised $11 million in a financing round led by GEM Digital Limited, with participation from Litecoin founder Charlie Lee and Dogecoin founder Billy Markus. The platform offers peer-to-peer entertainment predictions, aiming to reduce fees and enhance returns by "eliminating bets." Currently serving fans of the NFL, MLB, NBA, and MMA, DuelNow plans to expand its entertainment offerings in the future.

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03 августа 2024 03:15

Santiment: Traders are generally bullish on top cryptocurrencies in August

According to Santiment, as August begins, traders are generally optimistic about major cryptocurrencies. While there is a forecasted slight decrease in FOMO sentiment, Bitcoin, Ethereum, Ripple, and SOL are expected to rise. In contrast, BNB is noted as having relatively weak bullish sentiment among large cryptocurrencies.

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03 августа 2024 03:11

Block's second quarter net revenue reached $6.16 billion

In the second quarter, payment service provider Block reported net revenue of $6.16 billion, below the market expectation of $6.27 billion but up from $5.535 billion last year. The adjusted EBIT for the quarter was $759 million, surpassing the expected $685.7 million. Bitcoin revenue was $2.61 billion, falling short of the $2.73 billion anticipated by analysts. For the third quarter, adjusted EBIT is projected to be $695 million, slightly above the expected $669.5 million. The full-year adjusted EBIT forecast has been raised to $2.9 billion, up from the previous estimate of $2.76 billion and exceeding the $2.8 billion analysts' expectation.

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03 августа 2024 03:06

GBTC had a net outflow of $71.3 million and BTC had a net inflow of $191 million

Grayscale GBTC had a net outflow of US$71.3 million; Grayscale BTC had a net inflow of US$191 million; BITB had a net outflow of US$20.7 million; ARKB had a net outflow of US$22.4 million.

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