Money & Crypto News

19 Aug 2024 14:55

DWF Labs co-founder: The current crypto market is in the Perp season, and may usher in a recovery period later

According to financial reports, DWF Labs co-founder Andrei Grachev posted on X: "These are some of my personal observations (on the crypto market) in the past two years:
Depression > Recovery > Bull market > Correction > Meme season > Correction > Perp season > Recovery > Bull market
We are currently in the Perp season.
Note: The above is not financial advice, DYOR."

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19 Aug 2024 13:55

IntoTheBlock: There is no major on-chain resistance near AVAX, and its trend is currently affected by market sentiment

According to financial reports, IntoTheBlock posted on X that at the end of 2023, AVAX soared from $9 to $44 in just two months. Now trading at around $20 (a level that was previously a resistance level), it believes there is no major on-chain resistance nearby. $ AVAX's trend is currently affected by broader market sentiment. A wave of optimism could push it to the key resistance level of $30, while low sentiment could push it to $16.

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19 Aug 2024 12:50

BitMex analyst: When the environment is uncertain, you should consider focusing on trading cryptocurrency pairs

According to financial reports, BitMex analysts said that Bitcoin's recent performance is worrying. It reacts violently to negative news from traditional markets, but performs mediocrely when positive macro news arrives. To navigate this uncertain environment, you should consider focusing on trading cryptocurrency pairs instead of dollar-based pairs. This strategy can help mitigate the risk of macro-impacts and allow you to take advantage of the relative strengths/weaknesses of the crypto market.

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19 Aug 2024 11:57

NULS has completed cross-chain integration and testing of BTC and ETH native assets, and plans to merge the code into the mainnet

According to the announcement of NULS, NULS has completed cross-chain integration and testing of BTC and ETH native assets, and plans to merge the code into the mainnet in the near future. After the upgrade is completed, users can directly use BTC and ETH as gas fees on the NULS network. Both NULS nodes and Stakers will receive benefits from network gas fees.

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19 Aug 2024 10:50

After the launch of Tapos game, Aptos set multiple records last week, with total user transactions reaching 326 million US dollars

On August 19, Aptos officials said that thanks to the launch of the click game Tapos, the game broke the record of more than 500 million transactions in 3 days.
Aptos set multiple records last week, including: peak TPS of 12,492; total user transactions of 326 million US dollars; daily transactions of 50 million; 4100+ TPS processed on August 15.

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19 Aug 2024 09:54

Google subsidiary confirms WazirX PC devices were not affected in the cyberattack

On August 19, WazirX released an update on the attack, saying that cybersecurity company Mandiant and Google subsidiaries have confirmed that the laptops used by WazirX team members in the recent $230 million cyberattack were not compromised.
These findings have been shared with law enforcement and other investigative agencies to help recover stolen assets.

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19 Aug 2024 09:28

EigenLayer developer: Received two airdrops, funds will be used for charity

On August 19, EigenLayer developer Nader Dabit posted on his personal social media, "I received two airdrops while working at EigenLayer. I decided to use this opportunity to do some good and donate all the funds to public goods, charities, builders and event organizers.
The first was to donate to Ethereum Mexico, Palestinian relief and some Gitcoin funding projects. One of the reasons I chose to join EigenLayer was the integrity of the founder and team. Looking back now, I am 100% sure that I made the right decision."

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19 Aug 2024 08:44

Galaxy Digital is suspected of increasing its holdings of 400 BTC half an hour ago, worth $23.4 million

On August 19, according to ai_9684xtpa monitoring, Galaxy Digital is suspected of increasing its holdings of 400 BTC half an hour ago, worth $23.4 million.
The agency had withdrawn a total of 6,950 BTC from Binance intensively from July 27 to August 2, with a value of up to $464 million and an average price of $66,776. Subsequently, 2,050 of them (about $112 million) were recharged to CEX in the week from August 3 to 6, and if sold, it would lose $24.78 million.

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19 Aug 2024 07:54

Coinbase CEO: The mission of cryptocurrency is to create a special economic zone that maintains freedom

On August 19, Coinbase CEO Brian Armstrong wrote in X that the founding fathers envisioned a freer society, but freedom was not guaranteed. Is the United States in decline, and can cryptocurrency get us back on track? The mission of cryptocurrency is to create a special economic zone in the world that maintains freedom, and this process has begun.

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19 Aug 2024 06:54

Huang Licheng's investment focus shifted from FRIEND to BLAST, and he has invested 1,464 ETH to purchase 350 million tokens this month

On August 19, according to lookonchain monitoring, Huang Licheng Machi Big Brother seemed to have stopped accumulating FRIEND tokens and shifted his investment focus to BLAST tokens. Data shows that since August 5, Huang Licheng has invested 1,464 ETH (about 3.86 million US dollars) to purchase 350 million BLAST tokens.

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19 Aug 2024 05:57

CryptoPunk 5822 sold for an undisclosed price. It was previously sold for 8,000 ETH in 2022.

according to the CryptoPunk official website, CryptoPunk 5822 was sold today for an undisclosed price and is currently held by the address starting with 0xc121. CryptoPunk 3443 is one of the 9 alien punks and was traded for 8,000 ETH in 2022.

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19 Aug 2024 05:35

Google sued for failing to remove scam app that stole over $5 million in cryptocurrency

A Florida woman has sued Google, claiming the company failed to promptly remove the scam cryptocurrency app "Yobit Pro" from the Google Play Store. She invested over $4.6 million in the app between February and July 2023, and by July, her account showed $7 million. However, when she tried to withdraw her funds, the app demanded additional payments totaling $2.5 million in "taxes and fees." After filing a complaint with the Consumer Financial Protection Bureau (CFPB), which forwarded it to Google, the app was only removed three months later. The woman alleges she lost over $5 million due to Google’s delay in addressing the scam, and reports that five other users faced similar issues.

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19 Aug 2024 05:21

Bitget App ranks in the top ten of the financial rankings in 11 countries

The Bitget app has seen a significant rise in rankings on the Apple iOS App Store, now among the top ten financial apps in 11 countries, including second in Nigeria, sixth in Ukraine, and eighth in Belarus. This boost is attributed to its collaboration with DOGS, which has facilitated DOGS token airdrops with zero gas fees through Bitget accounts. Additionally, Bitget has introduced the "BitgetLuckyDogs" event, where users who deposit 1,000 DOGS are automatically entered into a lucky draw, with a grand prize of up to 1 BTC.

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19 Aug 2024 04:58

A church organization in Colorado has tokenized church assets worth $2.5 million.

The Colorado Prayer House has tokenized its main church building to facilitate purchasing the $2.5 million property. Pastor Blake Bush, inspired by a spiritual experience, is using blockchain technology to achieve this. The building, known as "Old Stone Church," was previously acquired for $2.2 million in 2022.

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19 Aug 2024 04:46

Polymarket's Trump's chances of winning the election have risen to 49%

the market predicted that Kamala Harris's chance of winning the 2024 US presidential election had fallen back to 50%, while Trump's chance of winning the 2024 US presidential election had risen back to 49%, almost closing the gap.

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19 Aug 2024 14:27

BiFinance completes $10 million Series A financing, led by Sunfund Fortuna Global Opportunities

According to financial reports, digital asset trading platform BiFinance announced on X platform that it has completed $10 million Series A financing, led by Sunfund Fortuna Global Opportunities, with participation from Eternal Asia Group, SDM Education and TigerBCDAO. It is reported that BiFinance's valuation in this round of financing has reached $100 million. The new funds will be used to further connect traditional financial assets such as stocks and bonds with the Web3 ecosystem and provide asset-backed tokens (RWA/STO) to enterprises.

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19 Aug 2024 13:42

UBS: The market is betting too much on the Fed's rate cut, and the dollar's decline may be limited

According to financial reports, UBS analyst Ipek Ozkadeksia said that the current decline of the dollar should be limited because the Fed is unlikely to cut interest rates as much as the market expects. The US dollar index has fallen to a seven-and-a-half-month low.

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19 Aug 2024 12:34

Blue chip NFT floor price rebounded, BAYC floor price increased by 23.88% in 7 days

According to Blur market data, on August 19, the floor price of blue chip NFT series rebounded to varying degrees, including:
BAYC floor price 12.2 ETH, 23.88% increase in 7 days;
PudgyPenguins floor price 9.35ETH, 13.47% increase in 7 days;
Azuki floor price 4.45ETH, 12.1% increase in 7 days;
MAYC floor price 1.99ETH, 20.37% increase in 7 days.

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19 Aug 2024 11:32

Polygon executives: 90% of L1/L2 BD teams will ask for airdrops from ecological projects

On August 19, Polygon Chief Information Security Officer Mudit Gupta wrote that people are panicking about Eigen Labs employees asking for airdrops from ecological sub-projects, but in fact 90% of Layer1/Layer2 BD teams will directly ask for shares or airdrops in the name of consultants.

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19 Aug 2024 10:28

Web3 dark game Seraph announced that its Rush event has more than 800,000 holding addresses and completed more than 8 million transactions

On August 18, Web3 dark game Seraph announced that its Rush event has more than 800,000 holding addresses and completed more than 8 million transactions.
It is reported that the event will be held from July 19 to August 16, after which Seraph will start the S0 season on August 22 and launch a new event. Including the soul point rewards of the equity NFT series Holder, exclusive advent treasure chests, optimized contribution value system, and daily PFP gift activities.

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19 Aug 2024 09:44

Gate Ventures and Abu Dhabi Blockchain Center jointly launch $100 million Falcon Gate Ventures fund

On August 19, Gate Ventures, the venture capital arm of Gate, and the Abu Dhabi Blockchain Center, the global Web3 technology center, announced the launch of Falcon Gate Ventures, a $100 million fund dedicated to promoting innovation in the Web3 field in the next few years.`

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19 Aug 2024 08:54

The buyer of CryptoPunk #5822 is suspected to be VOMBATUS, and the transaction price reached 1500 ETH

On August 19, the latest buyer of CryptoPunk #5822 NFT, which was sold today, is suspected to have been announced. It is the collector VOMBATUS, and the seller is Chain CEO Deepak Thapliyal.
In addition, VOMBATUS also revealed that the transaction price was 1500 ETH. CryptoPunk #5822 is one of the 9 alien punks. It was sold for $23.7 million in 2022, setting the highest PFP sales record ever.

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19 Aug 2024 08:29

Upbit will suspend deposits and withdrawals of Injective (INJ) on Friday due to network upgrade

On August 19, according to the official announcement of Upbit, deposits and withdrawals of Injective (INJ) will be suspended due to network upgrade. The estimated suspension time is: 11:00 (Korean time) on August 23, 2024 (Friday).

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19 Aug 2024 07:34

Vitalik has transferred a total of 662 ETH (about 1.91 million USD) to Railgun in the past 10 months

According to Spot On Chain, Vitalik Buterin has transferred a total of 662 ETH (1.91 million USD) to Railgun in the past 10 months. Vitalik previously mentioned that Railgun is an effective way to protect user privacy.

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19 Aug 2024 06:29

Former Coinbase CTO creates Web3 innovation university "The Network School", aiming to become "Stanford 2.0"

On August 19, Web3 investor Balaji announced that he would establish an innovative university called "The Network School" in Singapore. The university will be located on an island near Singapore and is committed to providing development opportunities for "Dark Talent" (young talents who are on the margins and not noticed by the mainstream world) from all over the world. It is reported that Balaji is a Stanford Ph.D., former Coinbase CTO and A16z partner, and a top angel investor in the Web3 field. He said that The Network School will focus on four core directions: "Learn, Burn, Earn and Fun"

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19 Aug 2024 05:37

GSR deposited 10.89 million RARE to Binance, about 3.41 million US dollars

GSR deposited a total of 10.89 million RARE (about 3.41 million US dollars) to Binance in the past 24 hours, and the price of RARE has risen by 300% in the past 3 days.

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19 Aug 2024 05:27

Greeks. live: The risk of a market crash has been lifted, short-term macro news

This week is crucial for macroeconomic developments with the Jackson Hole Global Central Bank Annual Meeting on Thursday. Key events include central bank minutes releases, speeches by major financial leaders, and U.S. jobless claims data. The crypto market remains weak but stable, with confidence recovering. Implied volatility is expected to drop after the central bank meetings, and there may be opportunities in short-term options and the Bitfinex interest rate market.

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19 Aug 2024 05:07

eOracle founder: "Eigen Labs employees accepting airdrops from other projects caused a conflict of interest" report is false

Matan Sibon, founder of eOracle, criticized CoinDesk’s report on Eigen Labs, accusing it of misrepresenting facts. Sibon claimed that the interview was focused unfairly on whether Eigen Labs pressured projects for token airdrops, despite his denials. CoinDesk’s report, dated August 15, alleged that Eigen Labs employees received millions in tokens, raising conflict of interest concerns. Eigen Labs has since banned such practices and implemented policies to prevent conflicts of interest. Sibon demands a retraction or evidence to support the claims.

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19 Aug 2024 04:53

Data: Since the launch of SunPump, the TRON network has added 4,888 Meme coins

according to Lookonchain monitoring, since the launch of SunPump, the TRON network has created 4,888 new Meme coins, bringing in 1.84 million TRX (about $246,600) in revenue.

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19 Aug 2024 04:18

Swarm (BZZ) rose by about 45% in a short period of time, reaching a high of $0.376, and has now fallen back to $0.317.

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