Money & Crypto News

07 августа 2024 03:55

Trump: US government should not sell cryptocurrencies

In a recent interview, Donald Trump criticized the US government for selling cryptocurrencies, suggesting it should focus on development instead. He praised cryptocurrency as a "very modern currency" and expressed a desire for the US to lead in Bitcoin mining. Recently, the US government transferred $2 billion worth of Bitcoin to an unknown address but still holds about $11.1 billion in cryptocurrency.

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Money & Crypto News

07 августа 2024 00:09

Hut 8 Appoints Former Citigroup Executive Sean Glennan as CFO

Bitcoin mining company Hut 8 has announced the appointment of former Citigroup executive Sean Glennan as its new Chief Financial Officer (CFO). Shenif Visram, the current CFO, will step down from his position due to family reasons.

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06 августа 2024 23:11

Lava: All LAVA airdrops have now been distributed

Modular blockchain infrastructure developer Lava Network announced that all LAVA airdrops have been distributed, targeting users who applied between July 20 and 30 (mainnet). A total of 572,088 LAVA were distributed to more than 774 addresses.

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06 августа 2024 22:32

TON blockchain game manager: Currently about 20% of Telegram users are playing games

Inal Kardan, head of TON blockchain games, said that about 20% of Telegram users are currently playing games, while in December last year, only about 1% of Telegram's monthly active users played games on the app. Telegram recently said it has 950 million users worldwide and has become home to several mini-games that leverage the TON blockchain. Games like Notcoin and Hamster Kombat seem to have successfully attracted newcomers to the crypto world through free games.

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06 августа 2024 21:33

Ronin: White hat hackers have returned about $10 million in ETH, USDC is expected to be returned later

White hat hackers have returned approximately $10 million in ETH, with USDC expected to be returned at a later date, thanks to the white hats’ vigilance and integrity. The bug bounty program will award white hat bounties of $500,000. The Ronin Bridge will be audited before reopening and updates will be provided as the audit progresses.

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06 августа 2024 20:43

Degen: Liquidity Mining Season 4 Airdrop Rewards Will Be Received

Liquidity mining Season 4 airdrop rewards are now ready to be claimed on the Degen chain, and we remind you to apply on the official site and beware of scammers.

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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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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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Money & Crypto News

07 августа 2024 03:44

In the past 12 hours, the entire network has liquidated 264 million US dollars, mainly short orders

the entire network had a liquidation of $264 million in the past 12 hours, of which long orders had a liquidation of $102 million and short orders had a liquidation of $162 million.

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06 августа 2024 23:48

VanEck releases promotional video for its spot Ethereum ETF ETHV

VanEck released its spot Ethereum ETF ETHV promotional video on the social platform, and its management fee is temporarily 0. VanEck also stated that investing in the VanEck Ethereum ETF involves significant risks and may not be suitable for all investors. The trust fund is not an investment company registered under the Investment Company Act of 1940, nor is it a commodity pool under the Commodity Exchange Act, so it provides less protection for investors.

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06 августа 2024 22:56

Coinbase to launch Bitcoin Gold, but won’t help users migrate

Galxe (GAL) has announced the migration of its tokens to Gravity (G) (ERC-20 token). Coinbase will add support for Gravity (G) on the Ethereum network. Coinbase will not perform the migration of these assets on behalf of users. The official GAL token migration portal will be open to all users from July 9, 2024, and will remain active for at least one year.

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06 августа 2024 21:59

Analysis: Ethereum L2 solution may trigger market concerns about liquidity fragmentation

The proliferation of Ethereum Layer 2 solutions is raising concerns about liquidity fragmentation. Patrick Liou, head of sales at Gemini, said that the emergence of multiple Layer 2 blockchains, while intended to solve scalability issues, has inadvertently weakened the operation and adoption of blockchains and their applications. Although moving liquidity from one blockchain to another is not easy, advancements in bridging applications are making the process smoother. Gemini’s report shows that a new Ethereum Layer 2 appears every 19 days, further exacerbating the problem of fragmented liquidity.

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06 августа 2024 20:58

An idle pre-mining address containing 500 ETH was activated after nine years

An idle pre-mining address containing 500 ETH was activated after nine years, worth approximately $1,254,044.

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06 августа 2024 20:29

Opinion: Trump’s promise to fire SEC chairman on first day in office may face obstacles

Tonya Evans, a professor at Penn State Dickinson School of Law, pointed out that Trump declared at the Bitcoin 2024 conference that if elected, he would fire SEC Chairman Gary Gensler on day one and push for the federal government to hold Bitcoin. However, the promise to fire Gensler faces numerous obstacles. It is reported that the dismissal process is very complicated, and Trump must prove that Gary Gensler committed inefficiency, negligence or malfeasance in order to initiate the dismissal process. While some politicians and crypto industry representatives view Gensler's performance as poor and believe he is justified in firing him, the entire process could take months or even longer than Gary Gensler's five-year term. So unless Gary Gensler resigns on day one, his departure won't happen quickly.

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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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