Money & Crypto News

09 августа 2024 03:05

Ripple CEO: SEC resistance to XRP community has disappeared

after a U.S. federal judge ruled that Ripple’s sales of XRP to retail customers did not violate federal securities laws, Ripple CEO Brad Garlinghouse posted on X, “The SEC demanded a $2 billion payment, and the court recognized that they had gone too far and reduced their request by about 94%. We respect the court’s ruling and will continue to grow our company. This is a victory for XRP, the industry, and the rule of law. The SEC’s resistance to the entire XRP community has disappeared.”

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09 августа 2024 02:54

Grayscale ETHE had a net outflow of $31.9 million

Grayscale ETHE had a net outflow of $31.9 million, EZET had a net inflow of $1.8 million, and ETHW had a net inflow of $1.7 million.

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09 августа 2024 02:32

XRP rose above $0.6, up 19.7% in 24 hours

according to HTX market information, XRP rose above $0.6, and is now quoted at $0.601, with a maximum of $0.6434, a 24-hour increase of 19.7%.

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09 августа 2024 01:50

Trump expected to propose new debate with Harris in coming days

former US President Trump is expected to propose another debate with US Vice President Harris in the coming days. As the competition has suddenly become evenly matched, Trump's campaign team is seeking new momentum. After Biden withdrew from the election and Harris became the presumptive nominee of the Democratic Party, Trump abandoned his agreement to debate on ABC next month. Harris refused to accept his counteroffer to debate on Fox News Channel. Now, according to people close to Trump, Trump may return to ABC or propose a debate on NBC News Channel and Univision (an American Spanish-language TV station).

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09 августа 2024 00:55

Upbit plans to suspend SEI deposits and withdrawals on August 9 due to network upgrades

due to the upcoming SEI network upgrade plan, Upbit plans to suspend deposit and withdrawal support from 00:00 (KST) on August 9, 2024 (Friday), and will resume deposit and withdrawal support after confirming that the network upgrade is stable.

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08 августа 2024 23:49

Bitcoin briefly hits $59,000

Bitcoin briefly touched $59,000, and is now quoted at $58,886, a 24-hour increase of 4.9%.

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08 августа 2024 22:59

RTR, a Trump-related meme token, surpassed $80 million in market value within 3 hours of launch

the Solana ecosystem Meme token RTR (Restore The Republic) suspected to be related to Trump had a market value of over $80 million within 3 hours of its launch, reaching a high of $0.1095, and is now quoted at $0.07829, with a market value of $85 million, a liquidity pool of over $15 million, and a 3-hour trading volume of $57 million.

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08 августа 2024 22:33

Bitcoin recovers above $58,000

Bitcoin rebounded and broke through $58,000.

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08 августа 2024 21:18

Montenegrin Supreme Court Suspends Do Kwon Extradition

The Montenegrin Supreme Court has halted Do Kwon's extradition to South Korea while reviewing legal issues. Kwon, accused of a $40 billion fraud with Luna and Terra, has been in custody since March 2023.

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08 августа 2024 20:36

U.S. Jobless Claims Drop; Crypto Markets Rebound Amid High Volatility

Adam, a macro researcher at Greeks•live, noted that U.S. initial jobless claims fell to 233,000, the lowest since July 6, amidst fluctuating economic data. Despite concerns of data manipulation, these figures continue to influence risky assets, with Bitcoin and Ethereum rebounding over 5%. The market remains volatile, with high Implied Volatility (IV) supported by strong Realized Volatility (RV), indicating persistent turbulence. Sellers are advised to gradually build positions as large fluctuations are expected to have lasting effects.

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08 августа 2024 19:47

Vega Network Enters Prediction Market with Major Upgrade

Supported by Coinbase Ventures, Vega Network has expanded into the prediction market with a significant upgrade to its blockchain and decentralized perpetual trading platform. Leveraging Cosmos network infrastructure, Vega now allows users to bet on future event outcomes, integrating prediction market capabilities into its DEX application. This development broadens Vega's offerings beyond perpetual futures, providing an open framework for prediction-based trading.

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08 августа 2024 18:59

Quantlytica Secures €1 Million Funding for AI-Driven Liquidity Protocol

Quantlytica, an AI-driven liquidity distribution protocol, has completed a €1 million financing round with participation from Polygon Labs Ecological Fund, Web3Port Foundation, Eureka Partners, and others. The funds will be used to enhance protocol development, improve AI integration within the ecosystem, and address liquidity barriers between users and projects.

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08 августа 2024 18:06

U.S. Jobless Claims See Largest Drop in Nearly a Year

The U.S. saw a significant drop in initial jobless claims last week, with a decrease of 17,000 to 233,000, easing concerns of a rapidly cooling labor market. This decline follows a disappointing employment report and comes amidst seasonal fluctuations in claims due to school vacations and auto factory restructuring. The data suggests the labor market is stabilizing rather than deteriorating, potentially calming market fears and reducing pressure on the Federal Reserve to cut interest rates before its September meeting.

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08 августа 2024 16:54

Binance: As of the end of July, the security team has recovered or frozen $73 million in stolen funds

On August 8, according to official data disclosed by Binance, as of July 31, 2024, the Binance security team has recovered or frozen more than $73 million in user funds stolen from outside this year, exceeding the $55 million recovered or frozen in the whole of 2023. Through active efforts and cooperation with industry participants and the public sector, Binance has successfully helped users recover misplaced and lost digital funds, of which about 80% of the recoveries were related to external hacker attacks, vulnerability exploits and thefts.

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08 августа 2024 15:54

OKX Web3 wallet claim center is now connected to the Plume test network, and users can claim Goon test coins

On August 8, according to the official website, the OKX Web3 wallet claim center is now connected to the Plume test network. Users can directly claim Plume test network ETH and Goon test coins through the OKX Web3 wallet, and experience Plume test network activities to earn Miles.

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09 августа 2024 03:02

Harris campaign raises $36 million in 24 hours after announcing Waltz as running mate

the Harris campaign said that it raised $36 million in the first 24 hours since announcing Minnesota Governor Tim Walz as Harris' running mate.

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09 августа 2024 02:50

Grayscale GBTC had a net outflow of US$30.6 million, and BITB had a net inflow of US$3 million

Grayscale GBTC had a net outflow of US$30.6 million, BITB had a net inflow of US$3 million, and Grayscale BTC had a net inflow of US$9.7 million.

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09 августа 2024 02:19

Judge rules Ripple's XRP sales to retail investors did not violate federal securities laws

Judge Analisa Torres ruled that Ripple did not violate securities laws through sales of XRP to retail investors but did breach laws with 1,278 institutional sales. Ripple was fined $125.035 million, less than the SEC's sought penalties. The court also issued an injunction requiring Ripple to file a registration statement for future securities sales.

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09 августа 2024 01:33

Moonveil Completes $9 Million Pre-A Round of Financing, Led by Spartan Group

a Layer2 gaming ecosystem, completed its Pre-Series A round of financing, with a total financing amount of US$9 million. This round of financing was led by Spartan Group, with participation from Gumi Cryptos Capital, HashKey Capital, Animoca Ventures, Hivemind and Mask Network.

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09 августа 2024 00:26

Zeus Network launches APOLLO testnet activity, may launch its token in the future

A public beta activity has been launched on Galxe, which is the last testnet stage before the mainnet is released in the third quarter of 2024. The public test event "Prophecy of Light" on Galxe marks that zBTC, which is pegged to Bitcoin 1:1, will soon be available on Solana. According to official documents, joining the APOLLO final test event and accumulating Galxe loyalty points will receive future rewards.

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08 августа 2024 23:28

SOL breaks through $160, up 8.34% in 24 hours

SOL broke through $160 and is now quoted at $160.1, a 24-hour increase of 8.34%.

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08 августа 2024 22:43

Putin: Cryptocurrency is promising, Russia must "seize the moment"

Russian President Vladimir Putin signed a law today to legalize cryptocurrency mining in Russia. The signed law introduces new concepts, including digital currency mining, mining pools, mining infrastructure operators, address identifiers, and individuals who organize mining pool activities. According to the document, only registered Russian legal entities and individual entrepreneurs have the right to mine, and individuals who are not included in the register but do not exceed the energy consumption limit set by the Russian government are also entitled to engage in cryptocurrency mining. Foreign digital financial assets can be traded on the Russian blockchain platform, and the Russian Central Bank will have the right to ban certain issuances if they are found to pose a threat to Russia's financial stability.

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08 августа 2024 21:45

TASS: Putin signs decree legalizing cryptocurrency mining in Russia

According to TASS: Russian President Putin signed a law to legalize cryptocurrency mining in Russia.

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08 августа 2024 20:49

Whale Liquidates 14,387 ETH, Incurs $12.55M Loss Amid Market Crash

On-chain analyst Ember reported that a whale liquidated 14,387 ETH, losing $12.55 million over the past three days. The whale initially withdrew 14,384 ETH from Binance at an average price of $3,290 and staked it in Lido. Following the market crash on August 5, the whale began redeeming and transferring ETH back to Binance at an average price of $2,417, resulting in a 26.5% loss on the investment.

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08 августа 2024 20:08

Jobless Claims Stable, Recession Fears Overstated

Initial jobless claims stayed steady, showing companies are holding onto employees. Skyler Weinand of Regan Capital suggests the cooling labor market doesn't indicate a recession and believes market reactions to recent jobs data are exaggerated.

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08 августа 2024 19:26

Bitcoin could act as a 'safe haven asset' while altcoins might suffer amid '40% probability' of recession: analysts

Economic uncertainty saw billions wiped off the total crypto market cap this week, with Nansen analyst Aurelie Barthere estimating a 40% probability of recession this year. Despite the fears, Bitfinex analysts suggested bitcoin could act as a “safe haven asset” during an economic recession, though the broader crypto market might suffer.

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08 августа 2024 18:34

Franklin Templeton's on-chain money market fund launches on Arbitrum

Franklin Templeton has collaborated with the Arbitrum Foundation to launch its OnChain U.S. Government Money Fund (FOBXX) on the Ethereum Layer 2 network. FOBXX is represented by the BENJI token, with the fund previously launched on Stellar and Polygon.

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08 августа 2024 17:29

Bitcoin miners' holdings have fallen to a nearly three-year low

On August 8, Kaiko reported that as of August 3, the total amount of Bitcoin held by miners had fallen to about 1,510,300, with a total value of about $86 billion, accounting for about 8% of all circulating Bitcoin.
Since 2023, miners have continued to sell tokens to cover operating costs, and the average GAS fee has dropped from $143 to $2 after the halving.

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08 августа 2024 16:29

The US SEC is expected to appeal the ruling of the Ripple case

On August 8, Coindesk reported that although the Ripple case was allegedly over, the US Securities and Exchange Commission (SEC) is expected to appeal the ruling, which means that the relevant legal matters may be prolonged.
Analisa Torres, a district judge in the Southern District of New York, ruled that Ripple did not violate federal securities laws by selling XRP to retail investors through its trading platform. However, Ripple's 1,278 institutional sales transactions violated securities laws and fined it $125.035 million, which is far less than the $1 billion in illegal gains and prejudgment interest and $900 million in civil penalties required by the SEC.

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08 августа 2024 15:29

Vessel completes $10 million seed round, Sequoia Capital and others participate

On August 8, ZK order book trading platform Vessel completed a $10 million seed round, with participation from Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha and a group of angel investors.

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