Money & Crypto News

16 Aug 2024 09:21

Bitcoin sidechain developers release BitVM2 white paper, scalability enhanced

On August 16, BOB co-founder Alexei Zamyatin posted on social media that Bitcoin expansion developers have released a new white paper on the second version of the Bitcoin virtual machine, BitVM2, and the updated BitVM Bridge. The white paper details the latest achievements in improving transaction efficiency within the Bitcoin network by improving transaction processing capabilities and, in some cases, updating encryption methods.

✅@Money

Money & Crypto News

16 Aug 2024 08:29

Galxe and Google Cloud have reached a cooperation to jointly promote the application of Web3 technology

According to financial reports, Galxe has reached a cooperation with Google Cloud. The cooperation between the two parties aims to use infrastructure to promote the application of Web3 technology. By integrating services such as AlloyDB, BigQuery and Google Kubernetes Engine, Galxe will provide scalable, secure and high-performance AI, digital identity and blockchain solutions. This cooperation will help Galxe efficiently manage large data sets, improve performance, and promote the further popularization of Web3.

✅@Money

Money & Crypto News

16 Aug 2024 07:29

DEAR, a dark-style full-chain game incubated by the ARPA team, has now launched its third round on B3

On August 16, according to official news, DEAR, a full-chain game incubated by ARPA Network, launched its third round on B3, a horizontally scalable game ecosystem based on Base. This expansion marks another important milestone in DEAR's journey, which will continue to push the boundaries of gaming through the innovative use of blockchain technology.
B3 is built on the solid foundation of Base, simplifying the complex management of blockchain infrastructure, allowing developers to focus on enhancing the gaming experience. This enables DEAR to provide a richer and more immersive experience without facing the technical obstacles common to blockchain games.

✅@Money

Money & Crypto News

16 Aug 2024 06:32

A South Korean public official is accused of embezzling about $440,000 in public funds to buy cryptocurrencies

On August 16, according to Yonhap News Agency, the Cheongju District Prosecutor's Office in South Korea said on the 13th that a public official in the Cheongju City Government who was responsible for supervising the student work arrangements and support projects for North Korean defectors who settled in Cheongju, embezzled 600 million won (about $440,000) of public funds and invested in cryptocurrencies by forging various official documents for about 7 years from January 2017. The prosecutor's office has now arrested and prosecuted him for embezzlement and forgery of official documents. A spokesman for the Cheongju District Prosecutor's Office said they have seized property and assets, including apartments and vehicles, in an attempt to recover the funds. Prosecutors said they intend to file a comprehensive case in order to sentence the defendant to a sentence commensurate with his crime.

✅@Money

Money & Crypto News

16 Aug 2024 05:35

Cumberland received a total of approximately 1.46 billion USDT from Tether within half a month

according to monitoring by The Data Nerd, Cumberland has received a total of approximately 1.46 billion USDT from Tether in the past two weeks (August), which has set a record high. In particular, when Bitcoin was at a low of $49,000, USDT inflow was the highest.

✅@Money

Money & Crypto News

16 Aug 2024 05:22

A whale address is suspected to have purchased 1,474 BTC from Galaxy Digital OTC 7 hours ago

a certain whale address was suspected to have purchased 1,474 BTC worth $84.03 million from Galaxy Digital OTC 7 hours ago.

✅@Money

Money & Crypto News

16 Aug 2024 04:55

Bank of America Q2 report: holding $2.8 million worth of IBIT and $1.5 million worth of FBTC

according to the second quarter 13-F document submitted by Bank of America to the SEC, as of June 30, it held $2.8 million worth of IBIT, an increase of 31%; and $1.5 million worth of FBTC, an increase of 21%.

✅@Money

Money & Crypto News

16 Aug 2024 04:26

the U.S. Ethereum spot ETF had a net inflow of $10.8 million

the US Ethereum spot ETF had a net inflow of $10.8 million. Among them, BlackRock ETHA had a net inflow of $16.1 million, Grayscale ETHE had a net outflow of $16.9 million, Fidelity FETH had a net inflow of $6.7 million, Bitwise's ETHW had a net inflow of $2.7 million, and Grayscale Mini ETH had a net inflow of $2.3 million.

✅@Money

Money & Crypto News

16 Aug 2024 03:54

Vitalik Buterin deposited about 200 ETH into Kraken 8 hours ago

according to Arkham data, Ethereum co-founder Vitalik Buterin deposited about 199.9 ETH (about $529,000) into Kraken 8 hours ago.

✅@Money

Money & Crypto News

16 Aug 2024 03:26

Bitcoin inscription meme coin WZRD briefly broke through $2.4 is now quoted at $2.22, with a 24-hour increase of 32.5%

✅@Money

Money & Crypto News

16 Aug 2024 03:09

Vanguard Group CEO: Will Not Launch Cryptocurrency ETF

In an interview with ETF. com, Vanguard CEO Salim Ramji stated that Vanguard would not follow its competitor BlackRock in launching a cryptocurrency ETF, emphasizing the importance of consistency in the company's approach. Ramji, who recently took over as Vanguard's CEO, previously spent ten years at BlackRock, where he was the global head of iShares and index investments, managing significant client assets and developing the iShares platform.

✅@Money

Money & Crypto News

16 Aug 2024 02:52

Grayscale ETHE has outflowed 27.8% since its listing, and it is expected to outflow 50% within 72 days

according to Trader T data, Grayscale Ethereum ETF ETHE had a net outflow of US$16.9 million, and after conversion to ETF listing, 27.8% has been outflowed, and it is expected to outflow 50% within 72 days

✅@Money

Money & Crypto News

16 Aug 2024 02:33

Grayscale GBTC had a net outflow of US$56.9 million and ETHE had a net outflow of US$16.9 million

Based on Farside Investors data:

⏩Grayscale GBTC experienced a net outflow of $56.9 million.
⏩Grayscale ETHE had a net outflow of $16.9 million.
⏩Grayscale Mini BTC saw no net inflow or outflow.
⏩Grayscale Mini ETH had a net inflow of $2.3 million.

✅@Money

Money & Crypto News

16 Aug 2024 01:41

Coinbase analyst: ETH and SOL are the main "beta investment" targets in the crypto market, and their volatility is higher than the overall market

David Duong pointed out that ETH and SOL have always been the main "beta investments" in the crypto market, showing greater volatility than the overall market.

✅@Money

Money & Crypto News

16 Aug 2024 00:54

JPMorgan Chase: Stablecoin regulation may pose a major challenge to Tether's market dominance

Tether has previously been subject to regulatory scrutiny for its lack of transparency in the composition of its reserves, and the new regulations will further increase its pressure to disclose detailed information and conduct audits. JPMorgan Chase believes that if it fails to comply with these new regulations, Tether's dominance in the stablecoin market will be threatened.

✅@Money

Money & Crypto News

16 Aug 2024 08:55

HashKey Group COO: It is expected that the first virtual bank in Hong Kong will be approved for virtual asset trading services in the next quarter

According to financial reports, Livio Weng, COO of HashKey Group, said in an interview with 21st Century Business Herald that the virtual asset trading services of various virtual banks have not yet been launched and are still awaiting approval from the Hong Kong Monetary Authority. It is expected that the first virtual bank will be approved in the next quarter. In addition to virtual asset ETF trading, these banks also plan to expand their cryptocurrency product lines, including cooperating with virtual asset exchanges to provide users with direct purchase and trading of crypto assets. Livio Weng also pointed out that the development of virtual banks in Hong Kong in the field of virtual asset trading faces some challenges. The Hong Kong Monetary Authority's regulatory framework for virtual assets is still being improved, so virtual banks need to pay close attention to regulatory developments to ensure the compliance of their business and transactions.

✅@Money

Money & Crypto News

16 Aug 2024 07:54

A whale address transferred 1.323 million ETHFI to Binance again 3 hours ago

On August 16, according to monitoring by The Data Nerd, a whale address that received 10 million ETHFI 5 months ago transferred 1.323 million ETHFI to Binance again 3 hours ago, and currently still holds 5.735 million ETHFI.

✅@Money

Money & Crypto News

16 Aug 2024 06:58

cookislandstrust.eth sold 2,978 ETH that it bought at the bottom of the August 5 crash 1 hour ago

On August 16, according to the monitoring of on-chain data analyst Ember, cookislandstrust.eth sold the ETH that he bought at the bottom of the August 5 crash 1 hour ago.
It is reported that he spent 7.05 million USDT to buy 2,978 ETH at an average price of US$2,367 after the crash on August 5, and sold all of them at a price of 2,586 1 hour ago, making a profit of US$720,000. So far, all the ETH and PEPE that he bought at the bottom after the market fell on August 5 have been sold, with a total profit of US$750,000 (+7%).

✅@Money

Money & Crypto News

16 Aug 2024 05:55

Goldilocks DAO Completes $1.5 Million Strategic Round of Financing, Led by Shima Capital and Hack VC

Goldilocks DAO, part of the Berachain ecosystem, has completed a $1.5 million strategic financing round led by Shima Capital and Hack VC, with contributions from Public Works, Iberia Capital, Rana DAO, Atka Incubator, and angel investors. Goldilocks is developing interconnected DeFi products on Berachain, including an NFT lending and yield trading platform that leverages Berachain's unique culture and technical features.

✅@Money

Money & Crypto News

16 Aug 2024 05:31

Arthur Hayes: If the fiat currency system collapses, Bitcoin will surge

BitMEX co-founder Arthur Hayes posted on social media that if the Bank of Japan and the Federal Reserve do not allow the interest rate gap between the US dollar and the yen to narrow, the market will continue to increase leverage. If the fiat currency system collapses, or more fiat currency liquidity chases and flows into assets with limited supply, Bitcoin will skyrocket.

✅@Money

Money & Crypto News

16 Aug 2024 04:58

Hedge fund firm D.E. Shaw increased its Bitcoin spot ETF position by more than $170 million in Q2

according to the second quarter 13-F filing submitted by hedge fund company D.E. Shaw to the SEC, as of June 30, it held $90 million worth of BlackRock IBIT and $90 million worth of Fidelity FBTC, a significant increase from the first quarter (the holdings of IBIT in the first quarter were $6 million and FBTC were $3 million).

✅@Money

Money & Crypto News

16 Aug 2024 04:41

Soros has sold all of his 220,000 Nvidia (NVDA) shares

Barchart reported that Soros Capital has liquidated its 220,000 shares of Nvidia (NVDA).

✅@Money

Money & Crypto News

16 Aug 2024 04:05

Circle CEO: Harris campaign is actively engaging with the crypto industry

Circle CEO Jeremy Allaire said in an interview with CNBC that Harris' presidential campaign team is actively working with the crypto industry, hoping to truly understand the crypto industry participants, industry and policy issues, and prepare for the 2024 US election.

✅@Money

Money & Crypto News

16 Aug 2024 03:40

Fidelity FBTC had a net outflow of $18 million and FETH had a net inflow of $6.6 million

✅@Money

Money & Crypto News

16 Aug 2024 03:18

Fidelity Digital Asset Management Head: I don’t think there will be demand for altcoin ETFs, the launch of Ethereum collateralized ETFs is just a matter of time

In an interview with The Block, Cynthia Lo Bessette, head of Fidelity Digital Asset Management, indicated that Fidelity is evaluating its product roadmap based on customer needs and market support. Currently, there are no clear plans for spot ETFs beyond Bitcoin and Ethereum. However, Lo Bessette noted that while the U.S. SEC has not yet approved an ETF for staked ETH, it is expected to happen in the future, given the importance of staking in the Ethereum ecosystem. Fidelity has had "constructive conversations" with SEC staff about the possibility of launching a staked ETH ETF.

✅@Money

Money & Crypto News

16 Aug 2024 03:02

Goldman Sachs and Morgan Stanley bought more than $600 million in Bitcoin spot ETFs in Q2

🔤Goldman Sachs spent approximately $418 million on Bitcoin spot ETF assets by June 30, with about $238 million invested in nearly 7 million shares of BlackRock IBIT. The next largest Bitcoin ETFs are Fidelity FBTC and Invesco BTCO.

🔤Morgan Stanley held 5.5 million shares of BlackRock IBIT, valued at $188 million, as of June 30. Additionally, it holds smaller amounts of ARKB and Grayscale GBTC.

✅@Money

Money & Crypto News

16 Aug 2024 02:44

Marathon: Raised over $300 million, with 4,144 BTC added

Marathon Digital recently shared on social media that it secured $300 million through oversubscribed convertible senior notes. This funding was used to acquire 4,144 BTC, valued at approximately $249 million, increasing its strategic Bitcoin reserves to over 25,000 BTC. Earlier, on August 12, BlockBeats reported that Marathon Digital had announced plans to issue $250 million in convertible senior notes to qualified institutional buyers, with a maturity in 2031, depending on market conditions.

✅@Money

Money & Crypto News

16 Aug 2024 01:57

Harris campaign: Trump and Harris will debate again in October

Harris' campaign team said that Trump and Harris will also debate in October.

✅@Money

Money & Crypto News

16 Aug 2024 01:26

Agency: Strong U.S. consumer spending dispels recession fears

U.S. retail sales spending in July rose 1% month-on-month to $709.7 billion, dispelling concerns that the economy may fall into recession. Although the slowdown in hiring caused a brief but sharp market panic last week, strong retail data showed that the impact of any contraction has not spread to consumers. "The economic slowdown is happening, but it is definitely restrained, and there is really nothing to worry about," said Jeffrey Roach, chief economist at LPL Financial.

✅@Money

Money & Crypto News

16 Aug 2024 00:19

On August 15, 1316 BTC were net outflowed from 10 US Bitcoin ETFs, and 1736 ETH were net outflowed from 9 Ethereum ETFs

The total net outflow of ten US Bitcoin ETFs was 1,316 BTC, equivalent to US$78.32 million, of which Grayscale outflowed 480 Bitcoins, equivalent to US$28.58 million, and Grayscale currently holds 231,853 Bitcoins, equivalent to US$13.8 billion.

✅@Money