Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

17 Aug 2024 12:19

The NFT royalties of Solana Chain have reached $2 million in the past 30 days, accounting for 53%

SolanaFloor shared data on X, Solana Chain's royalties (from NFT) in the past 30 days reached $2 million, more than all other blockchains combined, accounting for 53%.

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Money & Crypto News

17 Aug 2024 11:26

500,000 USDTs transferred from Bitfinex to Tether Treasury

According to WhaleAlert's monitoring, at about 13:13 Beijing time today, 50,000,000 USDT (50,052,125 USD) were transferred from Bitfinex to Tether Treasury.

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Money & Crypto News

17 Aug 2024 10:24

In the past 7 days, the NFT transaction volume on the Solana chain has fallen by 15.47% month-on-month

According to CryptoSlam data, the NFT transaction volume on the Ethereum chain in the past 7 days was $28,391,459, down 10.2% month-on-month; Solana network transaction volume reached $16,429,676, down 15.47% month-on-month; Bitcoin Network ($13,814,366) fell 7.31% month-on-month.

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Money & Crypto News

16 Aug 2024 20:34

Data: The number of active addresses of Base exceeds the sum of Arbitrum and Optimism

Base’s active addresses exceeded 1.05 million, exceeding the total number of active addresses of Arbitrum (529,000) and Optimism (408,000).

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Money & Crypto News

16 Aug 2024 19:49

Cumberland transfers 9,065 ETH worth more than $23.4 million

Cumberland transferred 9065 ETH to a wallet address at around 22:35 Beijing time today, with a value of approximately US$23,468,647.

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Money & Crypto News

16 Aug 2024 18:57

Trump Appoints Crypto-Friendly CEO to Lead Potential Transition Team

It is reported that Lutnick will serve as co-chairman with former U.S. Small Business Administration Director Linda McMahon. If Trump is elected, his vice presidential candidate JD Vance and Trump's sons Donald Trump Jr. and Eric Trump will serve as honorary chairmen.

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Money & Crypto News

16 Aug 2024 18:18

KIP Protocol, a decentralized underlying protocol focused on AI, completes $5 million in private round of financing, led by Animoca Ventures and Tribe Capital

KIP Protocol, a decentralized underlying protocol focusing on AI, announced the completion of a $5 million private financing, which was jointly led by Animoca Ventures and Tribe Capital. Other investors include GBV Capital, DWF Ventures, Morningstar Ventures, etc. As of now, KIP Protocol has completed a total of $10 million in financing.

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Money & Crypto News

16 Aug 2024 16:54

Asset management company Metalpha applied to Lido to redeem 10,000 ETH

On August 16, according to @ ai_9684xtpa monitoring, asset management company Metalpha applied to Lido to redeem 10,000 ETH in the past 40 minutes, worth $25.72 million.
Since August, the institution has redeemed a total of 20,000 ETH from Lido, of which 6,895 of the last 10,000 ETH redeemed have been deposited into Binance in the past two days, worth $17.57 million, and are suspected of being sold.

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Money & Crypto News

16 Aug 2024 15:54

Arweave AO launches temporary data storage solution ArFleet

On August 16, according to official news, Arweave AO announced the launch of temporary data storage solution ArFleet.
It is reported that ArFleet will be launched at 11 am Eastern Time on Thursday, August 29. Users can apply to register for the test network on the designated page. After completion, they will receive 3 exclusive ArFleet Genesis Passes, which can obtain the right to use the test network after ArFleet is launched.

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Money & Crypto News

16 Aug 2024 15:11

Elon Musk: US inflation is caused by "printing more money"

According to financial reports, Elon Musk posted on the X platform that US inflation is caused by "printing more money", spending more money than earning. To solve inflation, the US government must reduce wasteful spending.

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Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

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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Money & Crypto News

17 Aug 2024 11:49

The Neiro whale that spent 103 ETH has turned losses into profits, and the current floating profit is more than $90,000

On August 17, according to the monitoring of ai_9684xtpa, with Neiro reaching a record high today, the whale that spent $265,000 to chase the high at the phased high of Neiro the day before yesterday has turned losses into profits. The whale has not been transferred or sold from a floating loss of 37% to a floating profit of 35%. Previously, it was reported that on August 15, the address 0xF8e spent 103 ETH ($265 million) to buy 4.41 billion tokens when Neiro soared, with an average price of $0.00005991, which was almost the highest point in the phase currency price.

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Money & Crypto News

17 Aug 2024 10:51

Babylon will start the first phase of the launch of the Bitcoin pledge main network next week

Babylon posted on the X platform that the first phase of the Bitcoin pledge main network will be launched next week, and Bitcoin holders will be able to lock BTC for pledge.

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Money & Crypto News

17 Aug 2024 09:52

Yesterday, GBTC had a net outflow of $72.9 million and ARKB had a net inflow of $13.4 million

According to Farside Investors monitoring, as of press time, the data of spot Bitcoin ETF and spot Ethereum ETF in the United States yesterday (August 16) are as follows: Spot Bitcoin ETF: GBTC net outflow of $72.9 million; BITB net inflow of $12 million; ARKB net inflow of $13.4 million; EZBC net inflow of $1.7 million; HODL, BTC, BTCW no capital inflow /Outflow; Spot Ethereum ETF: ETHE net outflow of $27.7 million; ETHV net outflow of $4.8 million; ETHW, CETH, EZET, ETH no capital inflow/outflow.

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Money & Crypto News

16 Aug 2024 20:23

Hedge funds held $4.7 billion worth of spot Bitcoin ETFs at the end of the second quarter

In addition to the previously reported Jane Street's first increase in IBIT worth $221 million in Q2, GBTC, which reduced its position by 86%, and European asset management company Capula, which held nearly $500 million in spot Bitcoin ETFs, Ken Griffin's Citadel's holdings of ProShares Bitcoin Strategy ETFs tripled from the first quarter to the second quarter to 860,727 shares, currently worth $19 million. It also holds $67 million in call options and $52 million in put options for the fund. Citadel also holds smaller positions in its remaining BTC ETFs - with a total value of less than $10 million.

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Money & Crypto News

16 Aug 2024 19:22

Andrew Kang: Altcoin market value will bottom out around 2025, and the next wave will be driven by AI-related tokens

co-founder and partner of crypto venture capital firm Mechanism Capital, posted on social media that the market value of altcoins (and ETH) should hit new highs in the new cycle. But it is becoming increasingly clear that this is not the case, and we may very well be on a euthanasia roller coaster for many people. Even if Bitcoin hits a new high, it does not mean that altcoins will keep up.

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Money & Crypto News

16 Aug 2024 18:47

BiFinance signs strategic investment agreement with Hong Kong-listed company SDM Education Group at a valuation of US$100 million

BiFinance's Series A financing valuation is US$100 million. The signing of a framework agreement between the two parties is in line with the group's business strategy to explore business opportunities in related industries. The group's directors believe that they will be able to utilize the contracting parties' expertise and experience in blockchain technology, real-world assets, digital assets, education, swallowing and speech therapy, and photography (if applicable), which is expected to help develop new business activities and strengthen existing business divisions.

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Money & Crypto News

16 Aug 2024 17:29

The initial forecast for the one-year inflation rate in the United States in August was 2.9%, in line with expectations

On August 16, the initial forecast for the one-year inflation rate in the United States in August was 2.9%, the expected value was 2.90%, and the previous value was 2.90%.
In addition, the initial value of the University of Michigan Consumer Confidence Index in the United States in August was 67.8, the expected value was 66.9, and the previous value was 66.4.

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Money & Crypto News

16 Aug 2024 16:29

Bitcoin opponents: Bitcoin's recent performance proves that it is not suitable to be a reserve asset

On August 16, Bitcoin opponent Peter Schiff said that Bitcoin's recent performance shows why it is not suitable to be a reserve asset. "When everything is falling, Bitcoin falls the most. How can you use a reserve asset that falls more than the asset you are hedging?"

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Money & Crypto News

16 Aug 2024 15:32

Trump: It is unfair for banks to refuse to provide services to Bitcoin and cryptocurrency companies

Financial report, Bitcoin Archive published an article on the X platform, Trump: It is unfair for banks to refuse to provide services to Bitcoin and cryptocurrency companies.

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Money & Crypto News

16 Aug 2024 14:31

Ethereum's key support area is between $2,300 and $2,380

According to Into TheBlock data, about 1.62 million addresses purchased more than 50 million ETH between $2,300 and $2,380. Therefore, if Ethereum continues to decline, the price of the currency will have key support in the above price range.

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