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📣 Binance Founder CZ to be released on September 29, According to Federal Bureau of Prisons website
◾️The official website shows that 47-year-old Changpeng Zhao, an Asian man, will be released on September 29, 2024.
◾️His registration number is 88087-510.
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💰 MicroStrategy acquires 18,300 Bitcoin, now holds 244,800 BTC
◾️MicroStrategy acquired 18,300 BTC at an average price of $60,408 between August 6 and September 12, totaling approximately $1.11 billion.
◾️As of September 12, 2024, the company holds 244,800 BTC, worth approximately $9.45 billion, with an average purchase price of around $38,585.
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🔔 Donald Trump to launch World Liberty Financial crypto platform on Sept. 16
◾️The project aims to move away from traditional banking by embracing cryptocurrencies.
“Embracing the future with crypto and leaving slow and outdated big banks behind,” he said.
🔔 Coinbase Launches 'cbBTC' Wrapped Bitcoin Digital Asset
◾️Coinbase Wrapped BTC – An ERC-20 token backed 1:1 by Bitcoin (BTC) held by Coinbase.
◾️cbBTC will be supported on Base and Ethereum, with plans to expand to additional chains.
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🔔 Binance CEO Richard Teng confirms CZ is banned from managing or operating the exchange
◾️Richard Teng confirmed that CZ was given a lifetime ban from managing the platform, which was a key part of the agreement between Binance and US authorities.
◾️Teng also mentioned that despite stepping down as CEO, CZ remains Binance's largest shareholder. This allows him to still influence certain company decisions, such as proposing management changes or appointing new board members.
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🔔 Uniswap Labs settles with US CFTC for $175,000 over derivatives trading charges
◾️The U.S. Commodity Futures Trading Commission filed and settled charges against Uniswap Labs for $175,000 in connection to the firm's offering of "illegal digital asset derivatives trading."
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🔔 Former Mt. Gox CEO to launch new crypto exchange this month
◾️Mark Karpeles, the former CEO of Mt. Gox, announced that his new crypto exchange will launch in Europe this month, with a focus on transparency and user-friendliness.
◾️Mt. Gox, founded in 2010, was once the largest bitcoin exchange in the world. However, in 2014, it was hacked, leading to the loss of at least 850,000 BTC.
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🔔 Cardano shifts to decentralized governance as Chang hard fork goes live
◾️Cardano has completed the first stage of its Chang hard fork, making it the first major blockchain to switch from centralized governance to a token-based decentralized system.
💰Cardano (ADA) Overview:
• Current Price: $0.3303
• Market Cap: $11.78B
• Total Supply: 45B
• Circulating Supply: 35.65B
• All-Time High: $3.09 (Sep 02, 2021)
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🔔 Elon Musk cleared in Dogecoin market manipulation lawsuit
◾️Elon Musk and Tesla won a class action lawsuit that claimed Musk's comments manipulated the Dogecoin market and hurt investors.
◾️DOGE, the ninth-largest cryptocurrency, dropped by 0.5% in the last 24 hours. Its market value is now $14.6 billion.
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🚨 OpenSea receives Wells Notice from the SEC
◾️OpenSea has received a Wells notice from the SEC threatening to sue because they believe NFTs on OpenSea are securities.
◾️OpenSea is pledging $5 million to help cover legal fees for NFT creators and developers who receive a Wells notice.
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⚠️ TON Network hit by major delays - no new blocks generated for about 3 hours ⏳
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🇮🇳 Telegram under Investigation in India for extortion, gambling, and cheating scams following CEO’s arrest in France
◾️ French President Emmanuel Macron says the arrest of Telegram CEO Pavel Durov is not 'political,' but part of a judicial inquiry.
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🇮🇳 WazirX opens phase 1 of INR withdrawals
◾️ All eligible users can withdraw up to 50% of their INR balance, within the 66% limit.
◾️Crypto withdrawals are still on hold.
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😒Telegram CEO Pavel Durov arrested in France. What's next for Ton and Telegram 👀
◾️The price of Toncoin dropped nearly 20% following news of Durov's arrest.
◾️Elon Musk posted several messages in support of Pavel Durov after he was arrested in France.
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🔔 Binance to list Neiro, Turbo, and Baby Doge Coin on September 16.
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🔔 Binance announces the 59th project on Binance Launchpool - Catizen (CATI)
◾️Users will be able to lock their BNB and FDUSD to receive CATI Airdrops over four days, with farming starting from September 16, at 00:00 (UTC).
▶️ Listing: 20th September at 12:00 (UTC)
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🔔 Binance announces the 58th project on Binance Launchpool - Hamster Kombat (HMSTR)
◾️Users will be able to lock their BNB and FDUSD to receive HMSTR Airdrops over a period of seven days, with farming starting from September 19, 00:00 (UTC).
▶️ Listing: 26th September at 12:00 (UTC)
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🇮🇳 India leads in crypto adoption for second straight year
◾️Out of 151 countries, India ranked the highest in Chainalysis' global crypto adoption index, ahead of countries like Nigeria, Indonesia, the U.S., and Vietnam.
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🔔 Ethereum stablecoin volume hits record $1.46 trillion as DeFi demand surges
◾️Stablecoin volumes have more than doubled from $650 billion at the start of the year.
◾️DAI is leading the charge with a staggering $960 million in volume.
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🪂 EigenLayer launches season 2 'Stakedrop,' set to distribute 86 million EIGEN tokens
◾️The distribution targets participants active between March 15 and August 15 and is set to begin on or before September 17, 2024.
◾️Additionally, the platform's TVL experienced a significant decline, dropping from $20.1 billion in June to $11.5 billion.
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🔔 96% of NFTs declared dead in 2024, report reveals
◾️NFT Evening reports that 96% of NFTs are now considered "dead."
◾️About 43% of NFT owners are losing money, with an average loss of 44.5%.
◾️The average lifespan of NFTs is only 1.14 years, which is 2.5 times shorter than traditional crypto projects.
◾️2023 saw the most NFT deaths, with nearly one-third of NFTs becoming "dead" that year.
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⬆️ Pump{.}Fun sets record as fastest growing crypto app by revenue: $100M in just 217 days
◾️Pump{.}fun, a launchpad for meme coins, has reached $100 million in revenue in just over seven months, making it the fastest-growing protocol by revenue growth in the cryptocurrency ecosystem.
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🚨 North Korean hackers used an unknown bug in Chrome to steal cryptocurrencies
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🔔 Telegram’s Pavel Durov released on €5M bail, ordered to stay in France after arrest
▪️He must remain in the country under judicial supervision, with a bail set at $5.56 million, and is required to report to the French police station twice a week.
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🔄 TON blockchain back online after 7-hour downtime due to DOGS token distribution
◾️The primary cause of the disruption was network congestion due to the distribution of DOGS tokens.
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🔔 Donald Trump releases fourth drop of his NFT trading cards
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🐕 DOGS Memecoin now live on major exchanges; trading at $0.00119 on Binance
◾️According to Binance, the market cap of DOGS is $872M and the total supply is 550 Billion
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🔔 Justin Sun proposes DAO to free Telegram CEO Pavel Durov, pledges $1 million donation
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🇮🇳 WazirX to resume phased INR withdrawals on August 26, only 66% funds available.
◾️WazirX announced that they can't process crypto withdrawals for users, and only 66% of INR balances can be withdrawn.
◾️The remaining 34% of INR balances have been frozen due to 'legal investigations.'"
▶️ WazirX has outlined a phased withdrawal plan:
◾️Aug 26 - Sept 8, 2024: Users can withdraw up to half of the available 66% INR balances.
◾️Sept 9 - Sept 22, 2024: Users can withdraw the full 66% of their INR balances.
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