Money & Crypto News

09 августа 2024 13:31

Fed Collins: If the data is as expected, it would be appropriate to start easing policy "soon"

Financial report, Fed Collins: If the data is as expected, it would be appropriate to start easing policy "soon". Whoever enters the White House will have absolutely no impact on my assessment of the state of the economy, my outlook for the future, or what I think is the appropriate policy. I expect interest rates to be lower in a few years. We will release a new summary of economic forecasts in September, which will include the outlook of the 19 FOMC members based on the data we have seen so far. It will include our outlook for interest rates at the end of 2024, 2025, and 2026. I do expect that we will see some easing of monetary policy in the next few years. But how much, when, and how fast the adjustment will be will be determined by the data.

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Money & Crypto News

09 августа 2024 12:29

Senior Investment Manager at Gate Ventures: Investment is critical to driving sustainable growth

On August 9, during the 2024 Asian Blockchain Summit (ABS), Tiffany Chang, Senior Investment Manager at Gate Ventures, attended the meeting and participated in the panel discussion "Shaping the Future: The Role of the Investment Committee in Driving Sustainable Growth and Innovation", elaborating on the important role of the investor committee in promoting blockchain technology and sustainable development.
Tiffany emphasized the key role of the investor committee in promoting sustainable growth. She pointed out that investing in projects that promote sustainable growth can not only bring financial returns, but also have positive social impacts and make important contributions to the development of blockchain technology. Tiffany detailed Gate Ventures' investment strategy, emphasizing that every investment is consistent with the company's long-term vision of promoting sustainable growth and technological innovation in the blockchain field.

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Money & Crypto News

09 августа 2024 11:29

Cumberland deposited 155 WBTC to Binance, about $9.4 million

On August 9, according to Scopescan monitoring, Cumberland deposited 155 WBTC to Binance today, about $9.4 million.

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Money & Crypto News

09 августа 2024 10:29

Irish officials seized $7.1 million in cryptocurrency in a raid targeting money laundering and dark web sales

On August 9, Bitcoin.com reported that Irish officials seized $7.1 million worth of cryptocurrency in a raid targeting money laundering and dark web sales. Three suspects were arrested, one of whom is still in custody. Detective Superintendent Michael Mullen of the Garda National Cyber ​​Crime Bureau said: "The arrest of the three suspects and the seizure of assets are the result of a highly complex investigation into criminal activities on the dark web market by professional investigators of the National Cyber ​​Crime Bureau."

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Money & Crypto News

09 августа 2024 09:29

Solana developers, validators, and client teams have collaborated to patch important vulnerabilities on Wednesday

On August 9, The Block reported that Solana developers, validators, and client teams worked together to resolve a serious security vulnerability.
Solana validator Laine said that the process began on August 7, when the Solana Foundation contacted well-known network operators through private channels. The contact was part of a secret vulnerability patching strategy to prevent the vulnerability from being exploited in any way. The patch was provided through the GitHub repository of Anza engineers, enabling operators to independently verify and apply changes. As of 14:00 UTC on Thursday, August 8, detailed instructions for implementing the patch have been distributed to various stakeholders, ultimately securing 66.6% of the network's equity. The vulnerability was publicly disclosed only after 70% of the network had installed the patch.

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Money & Crypto News

09 августа 2024 08:29

Simon's Cat meme coin will be launched on TokenFi Launchpad on August 20, and 18.5% of the total will be airdropped to FLOKI holders

On August 9, Floki officially posted on social media that Simon's Cat meme coin will be launched on TokenFi Launchpad on August 20. 18.5% of the total will be distributed to FLOKI token holders.
It is reported that "Simon's Cat" is a well-known cat-themed animation series, and its emoji series is also very popular. The launch of this meme coin will be in cooperation with Floki, DWF Labs and BNBChain, and will be launched exclusively on BNBChain. The token code is CAT, the total supply is 9,000,000,000,000, the pre-sale fundraising amount is US$4.25 million, and the pre-sale market value is US$25 million. All will be unlocked and put into circulation during TGE.

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Money & Crypto News

09 августа 2024 07:29

32,000 BTC options and 206,000 ETH options are about to expire, with a total notional value of $2.46 billion

On August 9, according to the option delivery data released by Adam@ Greeks .live, 32,000 BTC options are about to expire, with a Put Call Ratio of 0.71, a maximum pain point of $60,000, and a notional value of $1.9 billion. 206,000 ETH options are about to expire, with a Put Call Ratio of 0.96, a maximum pain point of $2,950, and a notional value of $560 million.

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Money & Crypto News

09 августа 2024 06:30

Hong Kong Customs busted a money laundering group involving a shell company using virtual currency to launder HK$1.5 billion

According to financial reports, Hong Kong Customs busted a money laundering group and arrested four people. They were suspected of using multiple shell companies to collect a large amount of overseas cross-border remittances and launder HK$1.5 billion in virtual currency transactions. All of them are on bail pending investigation, and about 2.2 million assets in their multiple bank accounts have been frozen. Pan Yiqin, investigation director of the Customs Organized Crime Investigation Bureau, said that the four arrested people involved a family of three and a local man, among whom an Asian father and son in the family were the masterminds of the group. The investigation pointed out that they received large amounts of funds of unknown origin from overseas between 2020 and 2022, some of which involved overseas criminal activities. The two set up multiple shell companies in Hong Kong and transferred the large amounts of money obtained in two years to more than 30 accounts in 7 banks, with the largest single transfer amount reaching 23 million yuan.

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Money & Crypto News

09 августа 2024 05:42

The Sushi team-associated address deposited 3.75 million SUSHI into Binance 1 hour ago

A wallet associated with the SushiSwap team deposited 3.75 million SUSHI (approximately $2.18 million) into Binance one hour ago. These tokens were received from a wallet labeled "SushiSwap Operation Multisig" on May 16.

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Money & Crypto News

09 августа 2024 05:20

Alameda Research transferred the first 200,000 WLD to Binance 9 hours ago and still holds 24.8 million WLD

Alameda Research has started depositing its WLD tokens into centralized exchanges (CEX), transferring an initial batch of 205,387 WLD (approximately $352,000) to Binance. This transfer follows a New York judge's recent order requiring FTX and Alameda Research to pay $12.7 billion to creditors. Alameda Research still holds around 24.8 million WLD, valued at about $45.6 million.

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Money & Crypto News

09 августа 2024 05:08

Tether CEO: Plans to double staff size in the next year to enhance compliance capabilities

Paolo Ardoino, CEO of stable USDT issuer Tether, said in an interview with Bloomberg that he plans to double the size of his staff in the next year to enhance his strength in areas such as compliance, and expects the number of employees to reach about 200 by mid-2025.

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Money & Crypto News

09 августа 2024 04:56

Dudley, former chairman of the New York Fed: The Fed needs to act in a timely manner and may cut interest rates by 50 basis points at the September meeting

According to Cailian Press, former Federal Reserve Bank of New York Chairman William Dudley has shifted from supporting further interest rate hikes to advocating for an immediate rate cut to prevent a recession. This change comes amid signs of a weakening U.S. labor market and slowing inflation. Dudley argues that delaying action could cause more harm. With the current federal funds rate at 5.3%, which is above the neutral range of 2.4% to 3.8%, he suggests the Fed might need to reduce rates to 3% or lower if a recession occurs. He anticipates a potential rate cut of 25 to 50 basis points at the Fed's September meeting.

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Money & Crypto News

09 августа 2024 04:37

Hong Kong Bitcoin Spot ETF holds 4,379 BTC as of August 7

the Hong Kong Bitcoin Spot ETF held a total of 4,379 BTC, equivalent to approximately US$278 million.

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Money & Crypto News

09 августа 2024 04:09

BTCW had a net inflow of $10.5 million, setting a record for the ETF’s single-day inflow

according to Farside Investors data, WisdomTree's BTCW had a net inflow of $10.5 million, the highest single-day net inflow in the history of the Bitcoin spot ETF.

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Money & Crypto News

09 августа 2024 03:38

ARK Invest increased its holdings of Robinhood by approximately $2.5 million and Coinbase by $700,000

ARK Invest increased its holdings of Coinbase by 3,928 shares, which was worth about $700,000 based on the closing price of $178.91 that day. It also increased its holdings of Robinhood by 145,420 shares, worth about $2.49 million.

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Money & Crypto News

09 августа 2024 12:54

Gate Web3 x ABS Leaders Forum: When blockchain meets AI, reveal the code of the bull market

On August 9, Gate Web3 and ABS, the 2024 Asian Blockchain Summit, held the official peripheral event "Gate Web3 x ABS Leaders Forum - Talking about the new era of blockchain with industry giants", which attracted more than 200 blockchain industry practitioners, investors, media and experts to participate.
The forum kicked off with the opening speech of Gate founder and CEO Han Lin, and explored hot topics in the industry through two special discussions.

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Money & Crypto News

09 августа 2024 11:54

Wu Jiezhuang: Hong Kong should accelerate the development of the Web3 ecosystem, and virtual banks should increase diversified services

On August 9, Hong Kong Legislative Council member Wu Jiezhuang posted on social media, "The Hong Kong Monetary Authority published a virtual bank report earlier. I appreciate the Hong Kong SAR government's support for the upgrading of banking services and the development of virtual banks in the past few years, but at the same time, my team did a survey on Web3 companies' opinions on Hong Kong banking services. The survey showed that Web3 companies had difficulty opening accounts, resulting in the inability to effectively develop their business.

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Money & Crypto News

09 августа 2024 10:54

OKX Star responds to whether the poisoned address will be cleared: If true, it will not affect the account use

On August 9, OKX CEO Star posted on social media to respond to whether the poisoned address will be cleared, saying, "For each case, a compliance officer will conduct an in-depth investigation. If it is indeed passive poisoning, it will not affect the use of the user's account."
BlockBeats previously reported that Star said today that OKX accounts that have interactive funds with Tornado Cash will be cleared.

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Money & Crypto News

09 августа 2024 09:54

dYdX community launches on-chain vote on whether to add Zerolend to dYdX Chain

On August 9, the dYdX Foundation posted on social media that the on-chain vote on whether the dYdX community should add Zerolend to the dYdX Chain has been opened, and the vote will end at 15:16 UTC on August 12, 2024. The current number of votes is 46,707,390 DYDX, and 100% of the votes are in favor of the proposal.

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Money & Crypto News

09 августа 2024 08:54

BTC options with a nominal value of $1.9 billion will expire today, with a maximum pain point of $60,000

On August 9, according to Greeks .live data, 32,000 BTC options will expire today, with a Put Call Ratio of 0.71, a maximum pain point of $60,000, and a nominal value of $1.9 billion.
206,000 ETH options will expire today, with a Put Call Ratio of 0.96, a maximum pain point of $2,950, and a nominal value of $560 million.

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Money & Crypto News

09 августа 2024 07:59

ETHFI DAO releases "Increase Buyback and LP Seeding Allocation" proposal for voting

According to financial reports, ETHFI DAO released a proposal for voting on "Increase Buyback and LP Seeding Allocation". The proposal aims to increase the monthly buyback rate of ETHFI tokens from the current maximum of 5% to 25%. In addition, it also seeks to provide liquidity through ArrakisFinance. The proposal is an update to the previously approved proposal "ETHFI Buyback and Liquidity Pool Seeding2".

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Money & Crypto News

09 августа 2024 06:45

Conduit has transferred the ownership of some L1 contract upgrade keys to the Optimism Security Committee

On August 9, crypto infrastructure startup Conduit tweeted that it has transferred the ownership of three OP Stack Chain L1 contract upgrade keys deployed on Conduit to the Optimism Security Committee. The three OP Stack Rollups participating in the key handover this week are Mode, Zora, and Metal L2.

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09 августа 2024 05:46

BlackRock IBIT had a net inflow of $157.6 million yesterday, and ETHA had a net inflow of $11.7 million

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Money & Crypto News

09 августа 2024 05:30

An institutional address sold 25 million CRV in the past three days, with a loss of 4.58 million US dollars

An institutional address has sold 25 million CRV tokens at an average price of $0.22 over the past three days, incurring a loss of $4.58 million. The institution had previously purchased these tokens for $10 million at an over-the-counter price of $0.40 from the Curve founder.

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Money & Crypto News

09 августа 2024 05:14

Sonic testnet now supports OKX Web3 wallet

The Sonic testnet now supports the OKX Web3 wallet, allowing users to collect test coins and participate in testnet activities. Sonic, a Layer2 game chain built on Solana, features the HyperGrid expansion architecture to help developers manage game status and events efficiently. It is fully compatible with EVM smart contracts and includes a native game engine with comprehensive On-Chain development tools for game developers.

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Money & Crypto News

09 августа 2024 04:59

Robinhood Q2 financial report: Cryptocurrency revenue in the second quarter was $81 million, and trading volume reached $21.5 billion

According to TheBlock, Robinhood's second-quarter financial report revealed a 161% increase in cryptocurrency trading revenue, reaching $81 million, and a 137% rise in trading volume to $21.5 billion, though this was a notable decline from the first quarter. The company's net revenue for the quarter was $682 million, and it had 11.8 million monthly active users.

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Money & Crypto News

09 августа 2024 04:42

Fidelity FETH had a net inflow of $4.7 million

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09 августа 2024 04:24

Japanese listed company Metaplanet obtains 1 billion yen loan to increase BTC holdings

according to BitcoinMagazine, Japanese listed company Metaplanet Inc. announced that it had obtained a loan of 1 billion yen (0.1% annual interest rate), and the proceeds will be used to purchase BTC.

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Money & Crypto News

09 августа 2024 03:51

JPMorgan Chase raises probability of U.S. recession by year-end to 35%

JPMorgan Chase has increased its estimate of the likelihood of a U.S. recession by the end of 2024 to 35%, up from 25% last month. This adjustment reflects worsening labor demand and early signs of layoffs. The firm still predicts a 45% chance of recession in the second half of 2025. JPMorgan also expects the Federal Reserve and other central banks to maintain high interest rates longer than previously anticipated. Despite this, with declining inflation pressures, JPMorgan forecasts a 50 basis point cut in interest rates by the Fed in September and November.

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Money & Crypto News

09 августа 2024 03:24

Grayscale and Bitwise jointly apply to the New York Stock Exchange to launch Ethereum spot ETF options trading

Grayscale, Bitwise, and the New York Stock Exchange have proposed a rule change to the SEC to list and trade options for the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust. The proposal aims to offer investors a cost-effective way to gain exposure to spot Ethereum and provide a hedging tool for Ethereum-related investments. Public comments on the proposal will be accepted for 21 days. Additionally, BlackRock and Nasdaq have also applied to start trading Ethereum spot ETF options.

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