Crypto X

Aave DAO Approves Proposal To Acquire 443,674 AURA From Olympus DAO Aave DAO’s ARFC proposal for the acquisition of 443,674 AURA at a total cost of 420,159.28 DAI units was approved with an approval rating of 83.69%. Olympus DAO seeks payment in DAI, with an exchange rate of 0.9470 DAI per AURA unit (approximately the current market price).

Visa Utilizes Solana Blockchain For High-Speed Stablecoin Settlement With 400 TPS Visa, a global leader in payments, has announced that it is expanding its stablecoin settlement capabilities to the Solana blockchain, working with merchant acquirers Worldpay and Nuvei. Through live pilots with issuers and acquirers, millions of USDC have already been moved between VisaNet partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments.

Elon Musk Quietly Funds DOGECOIN Development As SBF Fails To Invest $5 Billion According to WSJ, Elon Musk’s upcoming biography reveals he funded DOGECOIN and considered a blockchain-based social media with payments. SBF failed to invest $5B in Twitter.

Bitwise Suddenly Withdraws ETFs Application Amid Market Tension Bitwise Trust Fund has taken a surprising turn by withdrawing its application for a Bitcoin and Ethereum Market Cap Weight Strategy exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC). Bitwise initially filed its application for the ETF on August 3, but in an unexpected twist, they have now withdrawn it.

52% Of Turkish Adults Are Now Investing In Crypto: KuCoin Report KuCoin, a prominent cryptocurrency exchange, has launched its latest report, “Into The Cryptoverse: Understanding Crypto Users,” focusing on Turkish investors. This report provides a comprehensive overview of the crypto landscape in the country, delving into the behaviors, preferences, and trends among adult crypto investors.

ByBit Sees Massive Bitcoin Withdrawals Occupying 36% Of Total Reserves In 1 Day Bitcoin (BTC) is displaying significant indications of whale accumulation, prompting substantial withdrawals from centralized exchanges. Notably, Bybit, a cryptocurrency exchange, witnessed a substantial withdrawal of 12,500 BTC, amounting to $320 million, a record-breaking figure for the platform, as reported by Bitcoin News.

Ether Whales Scooped Up $94M in ETH as Price Plunged to $1.6K Large ether (ETH) investors pounced on lower prices after last Thursday’s tumble in crypto markets to add to their holdings, blockchain data shows. According to Lookonchain, four “whale” entities accumulated a total of $94 million in ETH over the past seven days.

Massive Token Withdrawal: Over $3.7 Million Worth Of WLD Withdrawn From Binance And OKX 1 hour ago, an address withdrew a total of 2.5 million WLD from Binance and OKX, equivalent to about 3.7 million USD. In a significant move that has caught the attention of the crypto community, an address has successfully withdrawn a substantial amount of Worldcoin tokens from both Binance and OKX, totaling a staggering 2.5 million WLD.

Bitcoin Network Achieves Milestone With 800,000 Blocks Processed; F2pool Leads Mining Activity The Bitcoin network has crossed a remarkable threshold by successfully processing over 800,000 blocks since its inception, marking a significant achievement in its history. A comprehensive analysis of the mining landscape reveals interesting insights.

Sui Network Introduces Liquid Staking To Enhance Decentralized Web3 Ecosystem The Sui Network, a revolutionary Layer 1 blockchain that utilizes an object-centric data model to enhance Web3’s infrastructure layer, has unveiled a significant update that enables liquid staking as part of its latest network upgrade.

AI tokens see lowest weekly trading volume since January Interest in AI-related cryptocurrencies appears to be waning, with Kaiko Research noting sharp declines in trading activity since the beginning of the year. Data released Thursday on the the top six AI coins by market capitalization — The Graph, Render, Injective, Oasis Network, SingularityNET and Fetch.ai — showed volumes reaching the lowest levels since January, signaling a dramatic decline in interest.

Celsius Hits Important Deal, Users Can Get Compensation Later This Year According to the Wall Street Journal citing court documents, bankrupt crypto lender Celsius Network has reached an important settlement that could clear the way for Celsius to get court approval to return assets to customers and end the bankruptcy process.

Europe Expects Its First Bitcoin ETF This Month, Report Europe’s first bitcoin exchange-traded fund (ETF) is set to launch in July after a 12-month delay caused by the crypto winter. The fund has been authorized in Guernsey, a more flexible jurisdiction, which will ostensibly help to avoid some of the regulatory challenges associated with the European Union.

Multichain Records $265 Million Withdrawn Across 9 Chains According to statistics from SlowMist, the outflow of funds from Multichain has reached a staggering $265 million since July 7. The funds have been distributed across various chains, including Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, Optimism, Fantom, Cronos, and Moonbeam.

Robert F. Kennedy to Enforce Pro-Bitcoin Laws Should he Become President Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected. The Republicans also have a crypto-loving candidate and his name is Francis Suarez.

DAI Surpasses BUSD, Becoming The Third-largest Stable Currency Stablecoins have recently had a position change when BUSD is no longer a stablecoin that has no place for itself. Instead, DAI is currently one of the stablecoins gradually taking over BUSD’s market share.

Hong Kong Official Invites Coinbase Despite SEC Investigation, June 11 Hong Kong’s Legislative Council member Johnny Ng has expressed his support for the crypto industry in Hong Kong and has invited Coinbase and other crypto exchanges to establish operations in the region. In a tweet, Ng acknowledged the important role that crypto trading operators like Coinbase play in the industry and offered his assistance to help them set up.

Binance Successful Integration Of Tether (USDT) On Arbitrum And Optimism Binance says it has successfully integrated Tether with the Arbitrum and Optimism networks. According to an announcement on the official website of the largest cryptocurrency exchange in the market, Binance, has completed the integration of Tether (USDT) on the Arbitrum One and Optimism networks.

Ether (ETH) Stored on Centralized Exchanges Hits 5-Year Low: Data Ether balance on the centralized crypto exchanges has reached a five-year low. According to the latest data from Glassnode, there are currently 17.8 million ETH on exchanges – a level not seen since July 2016.

Number of Ether Staked Has Surged By 4.4 Million Since Shapella Upgrade Interest in staking ether (ETH), or locking coins in the Ethereum network to earn passive yield, has surged since Ethereum implemented the Shapella or Shanghai upgrade on April 12. Data tracked by Glassnode show more than 4.4 million coins have been deposited into the staking contract since April 12, taking the tally to 22.58 million.