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◽Altcoin Alerts, News, Events, ICO/IEO Updates, Research, Tweets and more. 🚩Content posted in this channel should not be considered as investment advice. Invest only at ur own risk.
⚡️ News Flash - 17 Aug 2024 !
1️⃣ MicroStrategy's Bitcoin Holdings Match Theoretical Ether Profits Without Staking
MicroStrategy’s Bitcoin holdings have increased 61% in value to $13.4 billion. Although Ethereum was once considered a potentially better investment, its current value is only 63% higher than the company’s Bitcoin holdings.
2️⃣ Franklin Templeton Files S-1 for Crypto Index ETF Holding BTC and ETH
Franklin Templeton has filed for an ETF, ticker EZPZ, that will hold Bitcoin and Ether in a market-cap-weighted ratio and may include other cryptocurrencies in the future, pending regulatory approval.
3️⃣ WazirX Reinstates Balances Following Hack; Withdrawal Schedule Remains Unclear
WazirX has restored balances after a $234 million hack but hasn't yet set a date for resuming withdrawals. The platform is working on resolving INR and crypto balance issues.
4️⃣ Metalpha Transfers 10,000 ETH Worth $26M to Binance
Metalpha, a fund company affiliated with Bitmain, transferred 10,000 ETH (worth approximately $26 million) to Binance, according to Arkham. The company had previously applied to Lido to redeem the same amount of ETH.
5️⃣ Kaspersky Detects Fraud Campaign Targeting Crypto and Sensitive Data
Kaspersky has detected a global fraud campaign targeting Windows and macOS users, spreading malware to steal cryptocurrency and personal data. The campaign, likely run by Russian-speaking cybercriminals, exploits popular topics such as web3 and AI.
⚡️ News Flash - 15 Aug 2024 !
1️⃣ SEC Approves Leveraged Long MicroStrategy ETF
Defiance ETFs has launched MSTX, the first single-stock leveraged long ETF for MicroStrategy, providing 175% long daily targeted exposure to its stock (MSTR). This ETF aims to enhance leveraged Bitcoin exposure, as MicroStrategy holds approximately 226,500 bitcoins.
2️⃣ Uniswap Labs Launches $2.35 Million Auditing Competition
Uniswap Labs is launching a $2.35 million security competition for its upcoming v4 release, the largest prize in DeFi history. This initiative will fund independent audits of the new smart contracts and Universal Router system, which allows swaps between ERC-20 tokens and NFTs.
3️⃣ Binance Labs Invests in MyShell During Incubation Season 6
Binance Labs has invested in MyShell, a decentralized AI ecosystem that enables users to build, own, and share AI applications. This investment is part of Binance Labs Incubation Season 6, aiming to integrate diverse talents and open-source models to advance the Crypto x AI future.
4️⃣ Chaos Labs Raises $55M for On-Chain Risk Management
Chaos Labs raised $55 million in Series A funding led by Haun Ventures. The New York startup, which provides on-chain risk management for DeFi, plans to expand its platform.
5️⃣ Binance Registers with India's Financial Intelligence Unit Months After Fines
Binance has completed its registration with India's Financial Intelligence Unit (FIU-IND), enabling full access to its services in India. This follows a $2.2 million fine for previously operating without authorization.
⚡️ News Flash - 13 Aug 2024 !
1️⃣ FBI Refuses to Confirm or Deny Existence of Satoshi Records
The FBI's FOIA response on Satoshi Nakamoto neither confirms nor denies having records. Journalist Dave Troy plans to appeal, noting the FBI's implication of Satoshi as a "third party individual."
2️⃣ Possible BitGo Wallet Moves $2 Billion in Mt. Gox Bitcoin, Arkham Data Reveals
A wallet holding over $2 billion from Mt. Gox moved most of its funds to another wallet on Tuesday. Arkham Intelligence suggests this wallet might belong to BitGo and could signal the final distribution phase for Mt. Gox creditors.
3️⃣ Coinbase Re-Enters Hawaii Market Following State's Hands-Off Approach
Hawaii residents can now access Coinbase again due to recent regulatory changes. Coinbase had previously left the state in 2017 over stringent licensing requirements.
4️⃣ Kamala Harris Might Continue Biden’s Crypto Crackdown
Vice President Kamala Harris plans to continue the Biden administration's strict stance on cryptocurrency regulation, working with advisers known for opposing lenient crypto legislation.
5️⃣ $1.6 Billion Port Investment May Resurrect El Salvador’s Bitcoin City Project
Turkish firm Yilport Holdings is investing $1.6 billion in two El Salvador ports, Acajutla and La Unión, in a historic move. This deal could advance the Bitcoin City project, with Yilport and CEPA managing the ports together for 50 years.
⚡️ News Flash - 12 Aug 2024 !
1️⃣ Former BOJ Board Member Predicts Unlikelihood of Additional Rate Hike This Year
The Bank of Japan is expected to hold off on further interest rate hikes this year after recent increases triggered market turmoil and disrupted the yen carry trade. Former BOJ board member Makoto Sakurai indicates no additional hikes are likely until at least March.
2️⃣ Canto to Resume Network Operations Following Outage Due to 'Consensus Issue'
Canto's Layer-1 blockchain suffered an outage post-"Callisto" upgrade, halting transactions due to a consensus issue. An upgrade is scheduled for Monday to address it. The blockchain reassures users that funds are safe.
3️⃣ Venezuela Restricts Binance and X in Response to Presidential Election Dispute
Venezuela's government has blocked access to Binance, social media platform X, and other online services amid unrest over disputed presidential election results. Local anti-censorship group VE sin Filtro reported a DNS block affecting Binance's website and app, with other sites also facing restrictions.
4️⃣ Ethereum Median Gas Price Reaches 5-Year Low
Ethereum’s median gas fees have dropped to a five-year low, hitting 1.9 gwei on Aug. 10, down nearly 98% from the March high of 83.1 gwei. Low-priority transactions on Aug. 12 were priced at 1 gwei or about seven cents. The decrease is attributed to increased activity on layer-2 networks.
5️⃣ Binance to Delist CVP, EPX, FOR, LOOM, REEF, and VGX Tokens
Binance will delist trading pairs for CVP, EPX, FOR, LOOM, REEF, and VGX on August 26, 2024. Deposits will be stopped on August 27, and withdrawals will end on November 26. Tokens will be converted to USDC, with conversion details to follow.
⚡️ News Flash - 10 Aug 2024 !
1️⃣ Gemini Calls on CFTC to Withdraw Proposed Rule on Event Contracts
Gemini has called on U.S. regulators to withdraw a proposed rule that would ban event contracts on decentralized prediction markets, citing potential negative impacts on forecasting markets, including those related to elections.
2️⃣ Adidas Teams Up with Doodles for Virtual Swag Packs and Exclusive Physical Apparel
Adidas has teamed up with Ethereum's Doodles to sell virtual swag packs that offer potential access to exclusive physical apparel. The packs are available until August 16, ranging from $4.99 to $374.99.
3️⃣ SEC and Ideanomics Reach Settlement Over Crypto Revenue Reporting Fraud Charges
The SEC has settled fraud charges with Ideanomics over misleading financial reporting between 2017 and 2019, including false claims about revenue from crypto assets.
4️⃣ Tax Lawyer David W. Klasing Indicates IRS is Closing In on Crypto Tax Cheats
Tax lawyer David W. Klasing warns that the IRS expects a rise in cryptocurrency tax evasion and is collaborating with blockchain firms to enhance tracking and enforcement.
5️⃣ Pump.fun to Compensate Users for Successful Meme Coin Creation
Pump.fun has removed the 0.02 SOL fee for launching tokens, now rewarding successful launches with 0.5 SOL ($79). The platform, which creates up to 18,000 tokens daily, aims to encourage more token creation.
⚡️ News Flash - 08 Aug 2024 !
1️⃣ Robinhood Sees 161% Increase in Q2 Crypto Revenues as Trading Volume Hits $21.5 Billion
Robinhood's Q2 earnings showed significant growth in crypto revenues, reaching $81 million—up 161% year-on-year. Crypto trading volume surged 137% to $21.5 billion, though it dropped from $36 billion in Q1 2024. Options trading remained the largest revenue source, generating $327 million.
2️⃣ Core Scientific Reports $805 Million Net Loss for Q2
Core Scientific's Q2 2024 net loss surged to $804.9 million due to $796 million in non-cash adjustments. Bitcoin mining revenue rose to $141.1 million, while debt dropped by 60% after debt conversions.
3️⃣ New York Judge Sanctions $12.7 Billion Settlement Between FTX, Alameda, and CFTC
A New York judge has approved FTX and Alameda Research's settlement to pay $12.7 billion to creditors, resolving a 20-month lawsuit from the CFTC.
4️⃣ Metaplanet Obtains 1 Billion Yen Loan to Acquire Additional Bitcoin
Japanese firm Metaplanet has secured a ¥1 billion ($6.8 million) loan from shareholder MMXX Ventures at a 0.1% annual interest rate to buy more Bitcoin. The loan has a six-month term and will be repaid in a lump sum.
5️⃣ Nexera Burns 32.5 Million Stolen NXRA Tokens After Hack
Nexera, a DeFi protocol, has burned 32.5 million NXRA tokens affected by a recent hack to improve security and address the incident. The tokens have been permanently removed from circulation, according to PeckShieldAlert.
🔔 JUST IN: Judge Orders Ripple to Pay $125M in Penalties, Ending Four-Year Battle with SEC !
Judge Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding a nearly four-year legal battle with the SEC. The SEC had originally sought a $2 billion penalty.
▶️ Check More Details Here:
https://twitter.com/EleanorTerrett/status/1821276946921345341
🔔 Binance Labs Backs Solayer, Solana Restaking Protocol !
Binance Labs has invested in Solayer, a Solana restaking protocol, as part of its broader focus on crypto staking and restaking. This investment follows recent support for similar projects across Ethereum, Bitcoin, and Berachain ecosystems.
▶️ Check More Details Here:
https://www.binance.com/en/blog/ecosystem/1538252395823419824
🔔 Bitcoin Falls Below $50,000, Currently Trading at $50,293 !
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⚡️ News Flash - 04 Aug 2024 !
1️⃣ Prosecutor Seeks Jail Time for Crypto.com User Who Accidentally Received $6.8M
Australian prosecutors seek prison time for a couple who accidentally received and spent nearly $7 million USD from Crypto.com due to a payment error.
2️⃣ Amber Group Demands Transparency Following ZKX Shutdown
Amber Group expressed surprise at ZKX's July 31 shutdown, citing economic challenges. The Ethereum-based Starknet protocol ceased due to financial viability issues.
3️⃣ Fed May Cut Rates by 50 Bps in September, November, and 25 Bps in December, WSJ Reports
Due to a weak jobs report, Citi and JPMorgan expect the Fed to cut rates by 50 bps in September and November, and 25 bps in December. CME data shows a 78% chance of a 25 bps cut in September. JPMorgan predicts rates will drop to 3% by Q3 2025.
4️⃣ Jump Trading Converts $410 Million in wstETH to ETH, Moves Funds to Exchanges
Jump Trading redeemed $410 million worth of 120,000 wstETH for ETH, transferring 66,000 ETH ($191.4 million) to exchanges like Binance and OKX since July 25.
5️⃣ US Spot Bitcoin ETFs Experience Largest Single-Day Outflow in 90 Days
On August 2, U.S. spot bitcoin ETFs experienced their largest single-day outflow in over 90 days, totaling $237.45 million.
⚡️ News Flash - 03 Aug 2024 !
1️⃣ Crypto Community Criticizes WazirX's 'Socialized Losses' Plan Following Hack
Following the $230 million hack of WazirX, the exchange's "socialized losses" plan—where losses are shared among users—has faced strong backlash. A user poll reportedly revealed widespread disapproval of this approach.
2️⃣ Over 2,200 Letters Urge U.S. Senators to Support 'Strategic Bitcoin Reserve' Bill
Over 2,200 letters were sent to U.S. senators urging support for Senator Cynthia Lummis’s Strategic Bitcoin Reserve bill, demonstrating bipartisan interest in Bitcoin’s strategic value.
3️⃣ XRP Ledger Sees 65.6% Drop in On-Chain Transactions in Q2 2024
In Q2 2024, XRP Ledger transactions dropped 65.6% to 86.38 million, and transaction costs surged 168% to 0.00394 XRP, according to Ripple’s report.
4️⃣ HashKey’s OTC Trading Unit Receives Payment License from Singapore
HashKey Group’s OTC arm has been granted a payment license by the Monetary Authority of Singapore, allowing it to provide digital payment token services. This follows its earlier in-principle approval for a Major Payment Institution license.
5️⃣ Dogwifhat Open Interest Falls 28% as $1.50 Retest Concerns Rise
Solana-based memecoin Dogwifhat (WIF) has seen its open interest drop to $252.5 million as of August 3, down 28% from $353.4 million on July 27. This decline follows a broader price drop and indicates traders are anticipating a test of a key support level.
🔔 CFTC Issues Subpoena to Ben ‘BitBoy’ Armstrong’s Former Company in Fraud Investigation, Focuses on Token Activities !
The CFTC is investigating potential fraud involving 15 tokens, including BEN. The agency subpoenaed Hit Network on July 16, seeking details on trading and wallets. The probe follows content featuring these tokens by BitBoy Crypto’s Ben Armstrong, though Armstrong is not specifically mentioned in the subpoena.
▶️ Check More Details Here:
https://www.theblock.co/post/309213/cftc-subpoenas-ben-bitboy-armstrongs-former-company-in-fraud-investigation-asks-about-activity-for-tokens-such-as-ben
🔔 Donald Trump Suggests Paying Off $35 Trillion Debt with Crypto or Bitcoin !
▶️ Check More Details Here:
https://www.foxbusiness.com/video/6359799256112
🔔 Ark Invest Sells $6.9 Million in Spot Bitcoin ETF and Increases Coinbase Share Sales !
On August 1, Ark Invest sold 108,751 shares of its ARKB Bitcoin ETF and reduced its holdings in Coinbase by offloading 31,517 shares from ARKW and 37,552 shares from ARKF. The ARKB ETF saw $22.4 million in net outflows, despite overall inflows into spot Bitcoin ETFs.
▶️ Check More Details Here:
https://www.theblock.co/post/309080/ark-invest-bitcoin-etf-arkb-coinbase-coin
🔔 Bybit to Cease Operations and Withdraw Products from France !
Bybit will cease operations in France starting August 2. French users will be unable to trade or open new positions, with all existing positions set for liquidation by August 13. Post-liquidation, only withdrawals will be permitted. This move follows France's stricter licensing requirements in anticipation of the EU's Markets in Crypto-Assets (MiCA) regulation, effective December.
▶️ Check More Details Here:
https://announcements.bybit.com/en/article/notice-on-close-only-and-position-closures-blta0c0e0f458eec266/
⚡️ News Flash - 16 Aug 2024 !
1️⃣ NASDAQ Withdraws Proposal for Bitcoin Options Trading
The SEC received NASDAQ's withdrawal notice for a rule change to list Bitcoin options on the ISE Exchange. The proposal was withdrawn amid concerns from Better Markets about risks to retail investors.
2️⃣ Donald Trump Selects Howard Lutnick of Cantor Fitzgerald to Head Potential Transition Team
Donald Trump has named Howard Lutnick of Cantor Fitzgerald to co-chair his transition team with Linda McMahon if he wins the presidency. J.D. Vance and Trump's sons will be honorary chairs.
3️⃣ Bitget Wallet Reaches 30 Million Users, Surpassing MetaMask in July App Downloads
Bitget Wallet reached 30 million users and led global app downloads in July 2024, surpassing MetaMask. The wallet saw a 50% growth since March and achieved 1.7 million downloads in July, marking a 140% month-over-month increase.
4️⃣ South Korea’s Public Pension Fund Allocates $34 Million to MicroStrategy
South Korea's National Pension Service (NPS) invested in cryptocurrency-related companies by buying 24,500 shares of MicroStrategy (MSTR) in Q2 2023, at an average price of $1,377.48 per share.
5️⃣ Nigerian Court Freezes $38 Million in Crypto Allegedly Sent to Support Protests
A Nigerian court has frozen nearly $38 million of $50 million in cryptocurrency linked to #EndBadGovernance protests. The Economic and Financial Crimes Commission requested the freeze on four wallets, but one address showed a zero balance.
⚡️ News Flash - 14 Aug 2024 !
1️⃣ MetaMask Launches Pilot Self-Custody Debit Card in Partnership with Mastercard
MetaMask has teamed up with Mastercard and Baanx to pilot a self-custody debit card in the UK and EU. The card lets users hold their crypto until transaction time, converting digital assets to fiat for payments. It will expand to other regions later.
2️⃣ US Government Transfers $600 Million in Silk Road Bitcoin to Coinbase
The U.S. government moved 10,000 BTC, worth about $594 million, from Silk Road seizures to a Coinbase wallet on Wednesday. It’s unclear if the funds will be sold or held.
3️⃣ ASIC Files Lawsuit Against Australian Bourse ASX Over Failed Blockchain Project
ASIC is suing the ASX for misleading statements about its failed blockchain upgrade project, which was falsely claimed to be on track for an April 2023 launch. The ASX has paused the project, which faced significant delays and challenges.
4️⃣ SEC Charges Russell Todd Burkhalter and Firm with $300 Million Ponzi Scheme
The SEC has halted a $300 million Ponzi scheme by Drive Planning LLC and CEO Russell Todd Burkhalter. The scheme misused funds for personal luxuries, promising high returns on fake real estate investments. The SEC has frozen assets and seeks further legal actions.
5️⃣ Sahara AI Raises $43M to Build Collaborative, Decentralized AI Platform
Sahara AI raised $43 million to develop a platform combining AI and blockchain for a collaborative economy. Led by Pantera Capital and Binance Labs, the project aims to ensure transparent tracking and rewards for AI contributions through its Sahara Blockchain Protocols.
🔔 JUST IN: Bitcoin Surpasses $61,000, Ethereum Exceeds $2,700 !
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⚡️ News Flash - 11 Aug 2024 !
1️⃣ OSL Executive Highlights Systemic Market Obstacles for Hong Kong Crypto ETFs
Hong Kong’s crypto ETFs struggle due to market intermediaries favoring traditional products and regulatory bias against cryptocurrencies, OSL’s Gary Tiu said.
2️⃣ Tornado Cash Developer Alexey Pertsev Seeks Additional Funding for Legal Appeal
Alexey Pertsev, the Tornado Cash developer, is seeking $750,000 to $1 million in additional funds to continue his legal battle for privacy rights and code freedom, as he faces significant financial and legal challenges.
3️⃣ Celsius Files Lawsuit Against Tether, Seeks $3.5 Billion Over Bitcoin Collateral Sell-Off
Celsius has sued Tether for misappropriating assets, demanding around $3.5 billion, including the return of approximately 57,428 BTC, plus damages and legal fees.
4️⃣ Former SEC Official Calls Morgan Stanley’s Bitcoin ETF Push a ‘Death Wish’
Morgan Stanley may face intense scrutiny from the SEC and FINRA after allowing its 15,000 brokers to pitch spot Bitcoin ETFs, according to former SEC official John Reed Stark. He predicts this move could trigger the largest compliance examination sweep in history.
5️⃣ Nigerian Files Lawsuit to Challenge Crypto Ban and Seek BTC Commodity Status
A Nigerian bitcoin advocate has filed a lawsuit against government restrictions on digital assets, aiming to lift the ban on cryptocurrency exchanges and ensure unrestricted access for all Nigerians.
⚡️ News Flash - 09 Aug 2024 !
1️⃣ OKX Takes Action Against Tornado Cash Users, Terminates Accounts
OKX CEO Star Xu announced that accounts interacting with Tornado Cash will be terminated to enhance compliance with international sanctions and improve financial integrity.
2️⃣ Donald Trump Jr. to Launch Crypto Platform to Challenge Traditional Banks
Donald Trump Jr. plans to develop a DeFi platform to tackle banking access inequality, though specifics and timing are not yet clear.
3️⃣ IRS Revises Crypto Brokerage Tax Form, Excludes Wallet Address Request
The IRS has updated the draft of Form 1099-DA for crypto transactions, set to start in 2025. The new draft removes details like wallet addresses and transaction IDs.
4️⃣ Coinbase Criticizes CFTC Proposal to Ban Election Bets
Coinbase criticized the CFTC's proposed rule to ban certain event contracts, saying it could stifle innovation. The rule targets prediction markets on sensitive topics but might affect broader markets. Coinbase also donated to a PAC opposing anti-crypto Senator Elizabeth Warren.
5️⃣ Ripple Starts Mainnet Testing for RLUSD Stablecoin
Ripple Labs has started testing its USD-pegged stablecoin, Ripple USD (RLUSD), on XRP and Ethereum networks. The stablecoin will be fully backed by USD reserves and audited regularly.
🔔 Binance to List Toncoin (TON) with Seed Tag Applied !
Binance will list Toncoin (TON) and open trading for the following pairs on August 8, 2024, at 10:00 UTC: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Deposits are now available, and withdrawals will start on August 9, 2024, at 10:00 UTC.
▶️ Check More Details Here:
https://www.binance.com/en/support/articles/abba626aa0974b828f91c166bdc12afd
⚡️ News Flash - 07 Aug 2024 !
1️⃣ Nexera Protocol Hit by $1.5 Million Exploit in Latest DeFi Hack
Nexera Protocol lost $1.5 million in an exploit on August 7. Hackers stole NXRA tokens by taking control of the protocol's proxy contract and are currently liquidating the stolen tokens for Ether (ETH). Some funds have been bridged to the BNB chain.
2️⃣ Blockchain Technology Lowers Airline Cargo Costs by 7% and Enhances Efficiency
A study by Aventus at Heathrow Airport showed airlines could cut cargo handling costs by 7% using blockchain-based supply chain solutions. The technology also improved operational efficiency, including faster turnaround and container location.
3️⃣ Mt. Gox Creditors Hold Bitcoin Despite 10-Year Wait
Mt. Gox creditors have received nearly 59,000 of the 141,686 BTC owed, but this hasn’t caused a market sell-off. Bitcoin’s recent 20% drop is attributed to broader economic factors rather than the distribution.
4️⃣ Wallets Associated with $4B PlusToken China Ponzi Shift 2,800 Ether
Hundreds of wallets linked to the $4.2 billion PlusToken Ponzi scheme have started moving thousands of ETH, with over 2,800 ETH transferred to a single wallet. This activity, tracked by Arkham and LookonChain, has sparked concerns about potential sell pressure in the crypto market.
5️⃣ Grayscale Introduces New Crypto Investment Trusts for SUI and TAO
Grayscale has introduced two new investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust, focusing on Bittensor's TAO and Sui's SUI tokens, respectively.
⚡️ News Flash - 05 Aug 2024 !
1️⃣ Polymarket Records $1.4 Million Bet on Federal Interest Rate Cut Following Market Crash
Polymarket has $1.44 million in bets predicting that the Federal Reserve will cut interest rates by September 2024. This reflects broader market expectations amid concerns of a potential recession.
2️⃣ Elon Musk Resumes Lawsuit Against OpenAI and Sam Altman—Filing
Elon Musk has refiled a lawsuit against OpenAI and CEO Sam Altman, reviving a case initially dropped in June. Musk’s suit, originally filed in February, alleges breaches of nonprofit commitments by OpenAI.
3️⃣ Solana Experiences 30% Weekly Drop Amid Widespread Alt-Coin Crash
Crypto market crashes: Solana, Link, and Uniswap down 30% this week; Dogecoin and Pepe fall 27% and 39%. $1.23B liquidated, Bitcoin ETFs face $237.4M outflows.
4️⃣ Over $1 Billion Lost in Crypto Liquidations as Global Markets Decline
On Aug. 5, $1.08 billion in crypto positions were liquidated due to major drops in Bitcoin, Ether, and Solana, impacting nearly 300,000 traders.
5️⃣ Crypto Hackers Acquire Ethereum Dip with Stolen Funds
Hackers used stolen funds from the 2022 Nomad bridge hack to purchase 16,892 Ether, capitalizing on its over 20% price drop.
🔔 Sharpe AI Announces TGE Date & Exchange Listing !
Sharpe AI will launch its native token, $SAI, on August 5. The token will be listed on Gate and BingX at 1 PM UTC. Priced at $0.02, the total supply of $SAI is 1 billion tokens. Sharpe AI is running $SAI TGE campaign on Interact where user can participate and earn Sharpe Points.
Sharpe AI is a rapidly growing crypto super-app designed for professional traders, offering AI-powered tools for intelligence, investing, and automated asset management. It supports over 200,000 tokens and 25 blockchains, processes 4TB of data daily, and has managed more than $500 million in volume with over 150,000 users.
▶️ Check More Details Here:
https://x.com/SharpeLabs/status/1819240771100221950
▶️ Project Socials:
Website | X | Discord
🔔 Crypto Lender Genesis Finalizes Restructuring and Starts Payouts !
Crypto lender Genesis Global has finished its bankruptcy restructuring, distributing around $4 billion to creditors. Bitcoin creditors will recover 51.28%, Ether creditors 65.87%, and Solana creditors 29.58% of their claims.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-08-02/crypto-lender-genesis-completes-restructuring-begins-payouts
🔔 DevvE Announces Partnership With Taunt Network !
Taunt Network has announced a $1 million airdrop of $TAUNT tokens in collaboration with DevvE. Participants can earn $TAUNT by completing tasks, playing games, and referring friends. The airdrop also involves collecting Soul-Bound Tokens to accumulate Engagement Points and enhance chances of winning rewards.
DevvE is a blockchain ecosystem using the DevvX blockchain and DevvE token, offering high-speed transactions, low costs, and regulatory compliance for Web3 applications.
Taunt Network LTD, based in Seychelles, uses Web3 and blockchain to transform live streaming with its $TAUNT Token, enhancing monetization for creators and revenue for developers.
▶️ Check More Details Here:
https://x.com/devveecosystem/status/1818680841574224274
▶️ Project Socials:
Website | X | Telegram
🔔 Morgan Stanley to Permit Wealth Advisors to Recommend Bitcoin ETFs to Certain Clients: CNBC !
Morgan Stanley will allow its financial advisors to offer spot bitcoin ETFs, specifically BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, starting August 7. This marks a first among major Wall Street banks, allowing select clients to invest in these bitcoin ETFs.
▶️ Check More Details Here:
https://www.cnbc.com/2024/08/02/morgan-stanley-wealth-advisors-bitcoin-etfs.html
🚨 Convergence Hacked for $210 Million via Smart Contract Exploit !
On August 1, Convergence suffered a smart contract exploit, leading to the minting and sale of $210 million in CVG tokens. The attacker also stole $2,000 in unclaimed staking rewards. The CVG token's value plummeted to $0.0004 following the attack.
▶️ Check More Details Here:
cvg_wireshark/post-mortem-08-01-2024-e80a49d108a0" rel="nofollow">https://medium.com/@cvg_wireshark/post-mortem-08-01-2024-e80a49d108a0
🔔 Coinbase Reports $1.45 Billion in Q2 Revenue Despite Decline in Profits !
Coinbase saw a year-over-year revenue increase for Q2, reaching $1.45 billion, but experienced an 11% decline from the previous quarter. Consumer transaction revenues fell by 29% to $665 million, while stablecoin revenue rose to $240.4 million. Notably, Solana accounted for 10% of Coinbase’s transaction revenues.
▶️ Check More Details Here:
https://x.com/coinbase/status/1819107073201971486