Money & Crypto News

18 Aug 2024 02:23

Franklin Templeton files for new cryptocurrency index ETF

Franklin Templeton has filed an S-1 application for the Franklin Crypto Index ETF, which aims to provide a comprehensive cryptocurrency investment portfolio. This ETF will track the CF Institutional Digital Asset Index, currently composed of Bitcoin and Ethereum. The ETF plans to mirror the index's asset allocation and may include additional cryptocurrencies in the future. Katalin Tischhauser from Sygnum Crypto Bank views such index ETFs as a logical progression in cryptocurrency investment, akin to S&P 500 ETFs in traditional finance. However, the ETF cannot be traded until it receives SEC approval and is listed on a public stock exchange.

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18 Aug 2024 01:31

Former BAYC creative director joins Meta’s Reality Labs

Jeff Nicholas, former Yuga Labs creative director of Bored Apes Yacht Club, will join Meta’s Reality Labs as executive producer of mixed reality entertainment experiences. The position's primary responsibilities are to "serve as a key creative lead on teams responsible for leading complex development projects" and "provide guidance across our entire range of social and interactive music, comedy, sports and film/TV related content."

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18 Aug 2024 00:22

Ethereum liquidity re-pledge protocol TVL drops to near $10 billion

DefiLlama data shows that the Ethereum liquidity re-pledge protocol TVL has dropped to around US$10 billion and is currently US$10.159 billion. Among them, the top five protocols by TVL are:
-ether fi TVL was US$4.936 billion, a 7-day increase of 0.63%;
-Puffer Finance TVL was $1.331 billion, a 7-day increase of 0.60%;
-Eigenpie TVL at $1.17 billion, 7-day increase of 0.26%;
-Renzo TVL was $668.35 million, a 7-day increase of 0.83%;
-Kelp DAO TVL is $627.67 million, with a 7-day increase of 0.85%;

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17 Aug 2024 23:26

FLOKI launches Floki trading robot on public mainnet


FLOKI announced the official launch of the Floki trading robot on the public mainnet. The protocol, currently running on the largest EVM blockchain, will use a portion of transaction fees to buy back FLOKI, accelerating the token’s deflationary functionality and increasing its utility value.

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17 Aug 2024 22:49

Coinbase CEO: AI 'should have crypto wallets'

Coinbase recently launched an AI accelerator grant program, awarding $3,000 to five projects focused on combining artificial intelligence with crypto wallets. Coinbase CEO Brad Armstrong said that large language models (LLMs), if equipped properly, can complete finance-related tasks.

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17 Aug 2024 21:55

SUNDOG will airdrop $1 million worth of tokens to TRX holder

According to official news, the TRON chain Meme coin SUNDOG said that in order to thank the TRON community, it will distribute SUNDOG tokens worth $1 million to 500,000 TRX holders.

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17 Aug 2024 21:01

Uniswap Leads ETH Destruction in H1 2024

According to CoinGecko, Uniswap was the top ETH destruction protocol in the first half of 2024, burning 71,915 ETH. However, its destruction rate dropped 72.4% from 54,413 ETH in Q1 to 15,031 ETH in Q2. The top ten ETH destroyers in 2024 accounted for 39.2% of all ETH destroyed.

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17 Aug 2024 20:06

75% Probability of Fed Cutting Rates by 25 Basis Points in September

According to CME's "FedWatch" tool, there is a 75% chance that the Federal Reserve will cut interest rates by 25 basis points in September, while the probability of a 50 basis point cut has dropped to 25%.

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17 Aug 2024 19:18

$50 Million USDT Transferred from Kraken to Bitfinex

WhaleAlert reported that 50 million USDT (worth $50,006,570) was transferred from Kraken to Bitfinex on 17 Aug 2024 14:31:12 UTC.

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17 Aug 2024 18:22

Peter Thiel: Society Struggles to Handle Bitcoin's Massive Influence

In an interview with Bitcoin Magazine, PayPal founder and billionaire Peter Thiel stated that Bitcoin has grown so large that society is unsure how to deal with its impact.

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17 Aug 2024 17:27

Last week, Bitcoin spot ETF holdings increased by $32.4 million, and Ethereum spot ETF reduced its holdings by $14.1 million

According to CoinGlass data, Bitcoin spot ETF holdings increased by $32.4 million in BTC last week, of which only one day on August 14 had a cumulative outflow, with a total of 1,340 BTC outflow funds. Ethereum spot ETF reduced its holdings of ETH worth $14.1 million. Ethereum spot ETF has sold 5,690 ETH since August 12, of which rose on three trading days and fell in two trading days.

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17 Aug 2024 16:13

Asset management company Metalpha multi-signed address to transfer 10,000 ETH to Binance

According to Arkham's monitoring data, the address of Metalpha: GnosisSafe Proxy, an asset management company, transferred 10,000 ETH to Binance about a minute ago, worth about $26.02 million. According to previous news, the asset management company Metalpha applied to Lido for the redemption of 10,000 ETH yesterday.

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17 Aug 2024 15:21

SEC accuses NovaTech initiator of $650 million cryptocurrency Ponzi scam

The U.S. Securities and Exchange Commission (SEC) has reported to NovaTech Ltd. And its leaders, Cynthia and Eddy Petion, filed charges that they organized cryptocurrency fraud and deceived more than 200,000 investors around the world, including many Haitian-Americans. The SEC's complaint details that under the leadership of the petition, NovaTech was promoted as a multi-level marketing (MLM) and crypto asset investment plan.

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17 Aug 2024 14:27

Report: Illegal crypto transactions related to the UK reach $5.1 billion every year

According to a report released by the British National Crimes Agency (NCA), it is estimated that illegal crypto transactions related to the United Kingdom are as high as $5.1 billion every year. According to the report, the International Controller Network uses various methods to provide money laundering services for criminals. This links the criminal gains generated in the UK with transnational cybercrime and affects victims around the world. NCA said that crypto assets are increasingly used to clean up non-digital criminal gains such as cash and be obtained through escalating cybercrime, including malware and ransomware.

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17 Aug 2024 13:24

Watcher Guru: Dubai officially approves that cryptocurrencies such as Bitcoin can be used to pay salaries

According to Watcher Guru, Dubai officially approved that cryptocurrencies such as Bitcoin can be used to pay salaries.

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18 Aug 2024 01:58

CME Fed Watch: The probability of the Fed cutting interest rates by 50 basis points in September has dropped to 25%

according to CME’s “Fed Watch” data, the probability of the Fed cutting interest rates by 25 basis points in September is 75%, and the probability of a 50 basis point cut has dropped to 25%.

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18 Aug 2024 00:49

BNB breaks above $540

BNB broke through $540 and is now trading at $540.1, with a 24-hour increase of 3.47%. The market fluctuates greatly, so please control your risks.

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17 Aug 2024 23:50

A Bitcoin wallet that has been dormant for 10 years transferred 175 BTC

A Bitcoin wallet that had been dormant since 2014 moved nearly 175 BTC for the first time in a decade. The funds were valued at $151,970 in 2014 and are now worth $10.2 million.

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17 Aug 2024 23:04

Nearly $300 million worth of PYTH is pledged

A total of 1,102,779,281 PYTH are currently pledged, with a total pledge value of more than $297 million. The number of PYTH stakers has reached 126,735.

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17 Aug 2024 22:28

BTC breaks through $59,500

BTC exceeded US$59,500 and is currently trading at US$59,481.66, with a 24-hour increase of 1.54%. The market fluctuates greatly, so please control risks.

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17 Aug 2024 21:29

TRON Chain Meme Coin SUNDOG Has Been Listed on CoinMarketCap

According to official news, the TRON chain Meme coin SUNDOG has been listed on CoinMarketCap. In addition, as of press time, SUNDOG is currently priced at $0.06013, with a 24-hour trading volume of $35.54 million, and a current market value of $60.12 million.

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17 Aug 2024 20:32

Linea Mainnet Bridges Over 749,000 ETH

Dune data shows that the Linea mainnet has bridged 749,207 ETH across 1,190,076 transactions, with 548,676 unique addresses interacting with the network.

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17 Aug 2024 19:44

Granite Network Upgrade Proposed to Address Security Vulnerabilities on Optimism

OP Labs engineer Mofi proposed the Granite Network Upgrade to fix vulnerabilities identified in third-party audits. The upgrade includes smart contract updates and an L2 hard fork to enhance stability and performance. If approved, the upgrade is scheduled for September 10 at 16:00 UTC, with coordination across Base, Conduit, and Sepolia Superchain.

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17 Aug 2024 18:57

NFT Sales Drop as Market Activity Surges

NFT sales fell 11.66% to $81.7 million last week, despite a surge in buyers and sellers. Ethereum, Solana, and Bitcoin-based NFTs all experienced sales declines, with Mythos's Dmarket leading collections at over $5 million.

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17 Aug 2024 17:54

The Central Bank of Ghana proposes to formulate new rules to strengthen the supervision of cryptocurrencies

The Bank of Ghana (BoG) has taken action to establish a regulatory framework for cryptocurrencies such as Bitcoin and Tether, and has published a set of draft guidelines to strengthen the supervision of digital assets. The proposed regulations also require that all cryptocurrency exchanges must go through BoG's "complete registration process" and participate in sandbox testing before they are allowed to operate. According to the draft, this measure is essential to ensure that all market participants comply with the highest standards of safety and operational integrity.

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17 Aug 2024 16:43

Federal Reserve officials will give intensive speeches next week and will release the minutes of the monetary policy meeting on Thursday

On August 17, according to Jin Shi, the market will usher in a number of important events next week, among which Federal Reserve officials will also make intensive speeches next week. Among them: At 21:15 on Monday, Federal Reserve Governor Waller delivered an opening speech at a summer seminar on currency, banking, payments and finance; At 1:35 on Wednesday, the 2024 FOMC Voter and Atlanta Federal Reserve Chairman Bostic delivered a speech; At 2:00 on Thursday, the Federal Reserve released the minutes of the monetary policy meeting; On Thursday, the Jackson Hole Global Central Bank Annual Meeting will be held; At 22:00 on Friday, Federal Reserve Chairman Powell delivered a speech on economic prospects at the Jackson Hole annual meeting. In addition, the U.S. S&P global PMI data for August will be released next Thursday night. If the data is unexpectedly weak, the market's concern about the United States falling into a recession may increase, causing traders to bet that the Federal Reserve will cut interest rates more sharply during the year, which will be a blow to the US dollar.

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17 Aug 2024 15:52

The number of WM users of the music AI project has exceeded 300,000, and the Web3 Good Voice Competition will be held in the near future.

On August 17, WM (WonderfulMelody), a phenomenal music AI project in the Web3 field, successfully launched the ChangeSwap io decentralized trading platform last night and created multiple increases in a short time. As a Web3+AI landing application that integrates cutting-edge technologies such as CNN, NLP and RNN, WM provides users with a one-click seamless conversion experience from pictures to music. Since the launch of the project, the number of test users has exceeded 300,000. In order to further bring a new experience to users, WM will hold the first "TheVoiceofWeb3 (Web3 Sound Contest)" in the near future, and the event will be open to music lovers and Web3 users around the world.

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17 Aug 2024 14:51

Data: Tron Network has added more than 210,000 accounts in the past 24 hours

On August 17, according to Tronscan, the Tron network has added 213,900 new accounts in the past 24 hours, and its network TVL has exceeded 21 billion US dollars, with a 24-hour increase of 1.68%.

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17 Aug 2024 13:52

Franklin Templeton seeks approval from the U.S. Securities and Exchange Commission for its cryptocurrency index ETF

Franklin Templeton, an asset management company, submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC), expanding its influence in the cryptocurrency market. The application submitted on August 16 sought approval to launch a new cryptocurrency index exchange-trading fund (ETF) with Bitcoin and Ethereum. According to the S-1 document, the ETF will track the CF institutional digital asset index, initially focusing on Bitcoin (BTC) and Ethereum (ETH). The document also indicates that the fund may include more crypto assets in the future, depending on regulatory changes and market dynamics.

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17 Aug 2024 12:51

An Ethereum address held for 6 years deposits 1,039 ETH into Binance, or achieves more than 7 times the return

According to The Data Nerd monitoring, five hours ago, an Ethereum address held for 6 years deposited 1,039 ETH into Binance, worth about $2.7 million. Six years ago, the address accumulated this ETH at an average price of about $363. If it is sold at the current price, he will earn $2.32 million (return on investment ~ x7.12).

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