🔔 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.
Source
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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◾️WazirX announced that they can't process crypto withdrawals for users, and only 66% of INR balances can be withdrawn.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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🔔 Binance Labs invests in four projects from BNB Chain's season 7 MVB program
◾️BNB Chain’s MVB (Most Valuable Builder) Program attracted over 700 applications this season, with less than 2% being accepted.
🔸Aggregata: Unifies AI data, models, and computing into a seamless, one-stop platform.
🔸Opinion Labs: Building dynamic opinion and continuous prediction markets.
🔸Sidekick: The consolidation hub for social, games, and beyond.
🔸Vooi: A cross-chain perp DEX aggregator supporting both EVM and non-EVM chains.
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🔔 Tether plans to launch a UAE Dirham-pegged stablecoin
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🔔 Binance announces the 57th project on Binance Launchpool -Dogs (DOGS)
◾️ Binance has announced the 57th project on Binance Launchpool – Dogs (DOGS), a Ton memecoin born within Telegram community.
◾️Users will be able to stake their BNB and FDUSD into separate pools to farm DOGS tokens over three days, with farming starting from August 23rd at 00:00 (UTC).
▶️ Listing: 26th August at 12:00 (UTC)
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🇮🇳 Binance App back on Play Store and App Store in India
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💰Binance Labs invests in Sahara AI
◾ Binance Labs invested in Sahara AI, a decentralized blockchain platform built for open and equitable AI.
◾Sahara AI is building a collaborative AI economy that prioritizes the sovereignty and provenance of AI, ensuring security, equity, and accessibility for all.
◾As reported by Reuters, Sahara AI raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs, and Polychain Capital.
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🔔 Apeiron launches early PvE access for Planet NFT holders
◾Apeiron $APRS has launched early PvE access for Goldings Playtest, the holders of planet NFTs, lasting until August 22nd.
◾Players who finish runs before the deadline will earn exclusive rewards, including Booty Hours and rare potions.
◾The top 100 performers by the end of the testing period will be awarded 1 Doodelic Wing, a Free Apostle NFT Mint item.
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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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🔔 Justin Sun's USDD stablecoin is no longer backed by bitcoin
◾️According to Tron DAO Reserve, approximately 12,000 BTC previously used as USDD reserves have been removed.
◾️Currently, $744 million USDD tokens in circulation, making it the seventh-largest stablecoin and one of the top 100 cryptocurrencies by market cap.
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🚨 McDonald's Instagram account hacked to promote Solana token 'Grimace'
◾️A hacker posted on McDonald’s Instagram bio, saying, "Thank you for the $700,000 in Solana" after mentioning a rug pull.
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😱 Crypto whale loses $55 million in Dai stablecoin to phishing attack
◾️Immunefi’s July report shows the crypto industry has lost over $1.19 billion so far this year due to hacks and scams.
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🔔 Polygon to migrate MATIC to POL tokens on September 4
◾️POL will replace MATIC as the native gas and staking token for the Polygon PoS network and will play a key role in the AggLayer.
◾️MATIC holders on Ethereum, Polygon zkEVM, and CEXes may need to complete the migration to POL tokens.
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🔔 MetaMask launches debit card in partnership with Mastercard and Baanx
◾️The MetaMask Card is first available in a pilot phase to a few thousand users in the EU and UK.
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🇮🇳 Binance URL Unblocked in India
◾️App Still unavailable on iOS & Android Stores
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🔔 Binance will delist CVP, EPX, FOR, LOOM, REEF and VGX on August 19.
▶️ The exact trading pairs being removed are:
◾️CVP/USDT
◾EPX/USDT
◾FOR/BTC
◾FOR/USDT
◾LOOM/BTC
◾LOOM/TRY
◾LOOM/USDT
◾REEF/TRY
◾REEF/USDT
◾VGX/USDT
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