Cryptocurrency exchange Binance benefited massively from the Aug. 5 market crash — recording $1.2 billion in net inflows as traders responded to a sharp fall in cryptocurrency prices.
https://cointelegraph.com/news/binance-saw-1-2-billion-inflows-biggest-trading-days-of-2024
The Symbiotic website is currently down due to a temporary problem with the domain registrar.
All funds are secure.
https://x.com/symbioticfi/status/1821013086255624664
Ronin hacker has returned stolen $10m in ETH
https://x.com/Ronin_Network/status/1820846361945792751
The crypto market is neutral
BTC Dominance - 55.34%
Market Cap - $2.02T
BTC - $56,762 (+2.04%)
ETH - $2,500.69 (+0.2%)
BNB - $491.6 (+2.52%)
ZRO - $3.37 (+4.65%)
ZK - $0.1057 (+5.88%)
STRK - $0.379 (+3.14%)
W - $0.1963 (+4.64%)
ARB - $0.5145 (+1.98%)
https://dropstab.com
Binance has been issued a tax showcause notice of nearly $86 million in India.
Binance has challenged the notice, which covers the period June 2017-March 2024, according to a person familiar with the matter.
https://www.coindesk.com/policy/2024/08/06/binance-has-challenged-indias-86m-tax-showcause-notice-source/
The Ronin Network bridge has been paused while it investigates a report from whitehats about a potential MEV exploit.
PeckShieldAlert reports $9.33 million hack.
https://x.com/Psycheout86/status/1820771028420739140
https://x.com/PeckShieldAlert/status/1820769744292872240
Donald Trump says the US government shouldn't sell its cryptocurrency
https://www.theblock.co/post/309588/donald-trump-says-the-us-government-shouldnt-sell-its-cryptocurrency
Zircuit announced its tokenomics, mainnet launch and airdrop details
Zircuit Token (ZRC) has a Total Supply of 10,000,000,000 tokens.
Allocation:
21.00% Airdrop & Community Rewards:
- 7.00% Season 1 Airdrop
- 14.00% Future Airdrops & Community Rewards
12.61% Community Provisions
17.93% Ecosystem Development
18.70% Foundation
18.74% Team
11.02% Investors
https://docs.zircuit.com/tokenomics/zircuit-token-zrc
London-based hedge fund Capula Investment Management reported owning $464 million worth of shares in spot bitcoin ETFs issued by BlackRock and Fidelity.
https://www.theblock.co/post/309500/hedge-fund-giant-capula-reports-owning-464-million-in-spot-bitcoin-etf-shares
The crypto market is growing
BTC Dominance - 55.31%
Market Cap - $1.99T
BTC - $55,516.01 (+2.34%)
ETH - $2,484.7 (+5.59%)
BNB - $477.2 (+6.9%)
ZRO - $3.2 (+9.25%)
ZK - $0.099 (+9.88%)
STRK - $0.365 (+3.61%)
ARB - $0.5018 (+3.92%)
W - $0.1866 (+2.93%)
https://dropstab.com
💧 Top Funding Rounds in the Last 7 Days
👉 https://dropstab.com/insights/latest-fundraising-rounds
Binance CEO: „Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend.“
https://x.com/_RichardTeng/status/1820399869884027299
🎉Girin Labs receives funding from the XRP Ledger Japan and Korea fund 🎉
📌Girin Labs has secured the first funding from the XRPL Japan and Korea Fund, which is part of Ripple's 1 Billion XRP commitment to provide financial, technical, and business support for developers and entrepreneurs building on the XRPL.
📌Girin Labs focuses on building user-friendly infrastructure and DeFi systems within the XRP Ledger and the Root Network ecosystem.
📌With this funding, Girin Labs will accelerate the development of the Girin Wallet, an XRPL-focused Web3 wallet supporting social login, and Lotus Protocol, the first lending and liquid staking token (LST) protocol on the Root Network, offering sustainable yield farming for XRP holders.
📌Girin Labs aims to further onboard users and revolutionize the XRP Ledger and Futureverse ecosystems through their innovative solutions.
More details: https://cointelegraph.com/press-releases/girin-labs-secures-funding-from-the-xrp-ledger-japan-and-korea-ecosystem-fund
#sponsored
Arthur Hayes has introduced a new article "Spirited Away"
Key points:
▫️“Two opposing forces influence my crypto positioning.
Liquidity Positive Force:
After a quarter of net restrictive policy, the US Treasury will net inject dollar liquidity because it will issue Treasury bills and possibly deplete the Treasury General Account.
Liquidity Negative Force:
This is the strengthening of the yen.“
▫️Hayes will closely monitor bitcoin's correlation with the dollar/yen exchange rate to determine future trading strategy.
▫️He advises to be extremely cautious when using leverage in the current situation in the markets.
https://cryptohayes.substack.com/p/spirited-away
BlackRock, Nasdaq make the push for options on spot Ethereum ETF
Final SEC decision on this from SEC likely to be around April 9th, 2025.
https://www.theblock.co/post/309850/blackrock-nasdaq-make-the-push-for-options-on-spot-ethereum-etf
https://x.com/jseyff/status/1820916415227908108
Diego Oliva, who has served as the first CEO of the Starknet Foundation (SNF) since March 2023, will be stepping down.
James Strudwick, who has been with the Foundation since January 2024 will be assuming the role of Executive Director to continue growing the Starknet ecosystem and its adoption.
https://www.starknet.io/blog/leadership-transition-at-starknet-foundation/
The Enso Token Launch is postponed.
Any committed capital will be refunded for the current auction.
The Enso Token Launch will return to CoinList at a later date.
Completed purchasers will be eligible to receive a 20% token bonus in the upcoming Enso Token Launch if their bid in the future auction is equal to or greater than the clearing price.
/channel/coinlistofficialchannel/450
💧 Ongoing Testnets with Potential Airdrop
👉 https://dropstab.com/tab/ongoing-testnets-4xrwshdfs1
💧 Top 5 Upcoming TGE and Listings in August
👉 https://dropstab.com/tab/august-tge-2chdsylrtb
Spot ETF Flow on 5.08: BTC-ETF -$168M, ETH-ETF +$49M
https://sosovalue.com/assets/etf/us-btc-spot
Top 300 gainers in 24h: NEIRO +91%, TAO +37%, MEW +34%, BRETT +25%, ARKM +24%, AAVE +23%, MNT +18%
https://dropstab.com/insights/top-performance
The team at Renzo Protocol has been focused on fundamentals all summer.
ezETH is leading the pack when it comes to peg, oracle and liquidity stability.
- Withdrawals have been enabled since early June
- Oracles have been update to reduce the risk of cascading liquidation
- Liquidity has been significantly improving
https://x.com/lucaskozinski/status/1820495551538029015
Circle is discontinuing support for USDC on the Flow (Cadence) blockchain effective September 3, 2024 at 7:00 UTC, due to the upcoming network upgrade.
Minting on USDC on Flow will continue through August 27, 2024 at 16:00 UTC.
https://www.circle.com/blog/circle-is-discontinuing-support-for-usdc-on-flow-cadence-due-to-the-chains-upcoming-network-upgrade
A meeting between White House advisers and the crypto industry has been rescheduled for later this week.
The exact date will be announced later.
https://x.com/EleanorTerrett/status/1819472970688975051
Intel CEO, Pat Gelsinger has posted a prayer hedge against further market declines
https://x.com/PGelsinger/status/1820129317122080977
Robinhood halts 24 hour trading
https://x.com/WatcherGuru/status/1820353606752592221
🔥 Market Performance Over the Last 24 Hours
👉 https://dropstab.com/insights/top-performance