Crypto Pulse Global

Circle Proposes New Risk-Based Capital Framework for Stablecoins Circle, the issuer of USDC stablecoin, has released a whitepaper suggesting a novel risk-based capital management model for stablecoins. This model, named Token Capital Adequacy Framework (TCAF), aims to address unique risks such as market volatility and operational challenges not covered by current banking regulations. The TCAF proposes a dynamic approach, adjusting capital requirements based on real-time risk assessments, potentially leading to more robust financial safeguards for digital tokens. #Stablecoin #FinancialInnovation

Wall Street Warns of AI Bubble Burst: Impact on Crypto AI Projects Wall Street expresses concerns about a potential AI bubble burst, which could impact numerous AI-related crypto projects. With the AI sector's rapid growth, exemplified by Nvidia's soaring stock, skepticism rises following a $430 billion market value drop due to external market shocks and internal chip flaws. Experts debate the sustainability of AI investments in crypto, highlighting the lack of solid fundamentals in many projects. Only those with genuine innovation and strong financial backing are likely to withstand a market downturn. #AI #Crypto

Ethereum's Supply Hits 120M: Staking Surge Continues Ethereum's total supply of Ether has reached 120 million, driven by a surge in staking and restaking activities. The annual supply growth rate stands at 0.58%, with a recent increase to 0.69% over the past week. Despite the burn mechanism introduced by Ethereum's London Hard Fork, issuance has outpaced burning, leading to an inflationary trend in ETH supply. #Ethereum #CryptoNews

Major Breakthrough in $14.4M Holograph Hack Several arrests have been made in Italy related to the June 13 Holograph hack, with assets frozen and suspects set for extradition to France. The hack saw 1 billion HLG tokens minted illicitly, crashing their value by nearly 80%. Investigations involved multiple European agencies and have led to significant developments in the case. #HolographHack #Cybercrime

🌐 Revolut and Ledger expand crypto payment options in the EEA ✔️ The crypto-oriented online bank Revolut, in partnership with Ledger, a hardware wallet manufacturer, have announced the launch of new crypto payment rails in the countries of the European Economic Area. The cooperation will allow Ledger customers to buy and sell cryptocurrencies through the Revolut Ramp service directly in the Ledger Live app in 27 EEA countries, including Bulgaria, Czech Republic, Denmark and others. Users can now make purchases instantly using Revolut Pay and manage their assets with full digital ownership. #Revolut #Ledger

Nigerian Crypto Wallets Bypass Government Freeze Despite the Nigerian government's efforts to block funds linked to the #EndBadGovernance protests, discrepancies in wallet balances and ongoing transactions suggest some crypto wallets remain active. The National Security Adviser reported a freeze of 83 billion naira in assets, but local media and blockchain data reveal that certain wallets continue to operate, highlighting challenges in regulating cryptocurrency transactions. #Nigeria #Cryptocurrency

🦊 MetaMask, Mastercard and Baanx are introducing a blockchain-based debit card. 💳 Card will be available in a pilot phase for several thousand users in the EU and the UK, with a wider release expected later this year. Users will be able to pay for purchases using USDC, USDT and wETH assets stored on the Layer-2 Linea network. #MASK #BXX

🔝 TOP 10 CENTRALIZED EXCHANGES RANKED BY INFLOWS JULY 2024 #CEX #Binance #Bitmex #OKX

🔝 TOP 10 CEX Coins by Market Cap 🥇 Binance — $75.82B 🥈 Bitfinex — $5.39B 🥉 Cronos — $2.37B #CEX #MCap #BNB #LEO #CRO #OKB #WBT

Axel Adler Jr, Bitcoin analist: ⚡️"You know what's brilliant? 📈 Halving, bull rallies, and U.S. presidential elections coincide every four years. This means the 50 million U.S. holders will influence elections, and candidates can't ignore them. 😅 #BTC

🐋 Some of the largest Bitcoin whales have offloaded over 10,000 $BTC in the past week, valued at approximately $600 million. #BTC #Whale

🔥 Exchange Futures Open Interest ($USD) 🥇 Binance $13.64B 🥈 Bybit $8.25B 🥉 Bitget Global $4.73B #Binanse #Bybit #Bitget

⚡️⚡️⚡️ 🪙 A wallet likely controlled by BitGo, which holds $2B worth of Mt. Gox's Bitcoin, has transferred majority of those funds to a separate wallet as the distribution process continues. ⚡️⚡️⚡️ #BTC #BitGO #MtGox

🪙 It was a positive first week for the Ether ETF in the USA. 📈 The Ether ETFs in the United States showed positive net inflows for the first time since their launch on July 23. During the week starting August 5, nine new ETFs attracted $104.8 million. Despite the 23% drop in $ETH price since the beginning of the month, the total assets reached $7.3 billion. The leader was iShares Ethereum Trust from BlackRock with an inflow of $188.4 million. #Ethereum #ETF

💸 The Bitcoin network has reached a new all-time high hashrate. The network's hashrate is 627 EH/s, recovering after falling by 8.5%. #BTC #Mining

🪙 The legal battle: Celsius vs Tether for $3.5 billion 🖥 The former crypto exchange Celsius has filed a lawsuit against Tether, accusing it of unlawfully liquidating Bitcoin guarantees and demanding the return of $3.5 billion in BTC, as well as damages and legal fees. Tether called the lawsuit groundless and promised to actively defend itself. The amount claimed includes the demand for the return of 57,428.64 BTC, valued at $3.48 billion on August 10, plus $100 million in damages. #Celsius #Tether

💸 Four years ago, MicroStrategy made a choice in favor of Bitcoin. Since then, Michael Saylor's project has outpaced all major assets, companies and indices in terms of growth. #MSTR #BTC

🪙 Investors prefer Ethereum over Bitcoin 📊 After the market crash on August 5, institutional investors are actively investing in Ethereum-based products. According to CoinShares, $155 million was invested in ETH funds last week, accounting for 88% of the total investment in crypto funds. Meanwhile, Bitcoin attracted only $13 million. The total assets under management in institutional investment products recovered to $85 billion after a significant market decline. #ETH #BTC #ETF

📊 Daily Market Overvew 🔵 MARKET CAP: $2.24T 🔵 TRADING VOL: $47.98B 🔵 TOTAL TVL: $85.07B 🔵 Fear & Greed Index: 55 ( Neutral) 🔵 Top Gainers: #YIELDAPP #Hero #Groove 🔵 Trending Coins: #ZK #AEVO #STRK #Pulse

✖️ Ripple Starts Beta Testing of USD-Pegged Stablecoin on XRP Ledger and Ethereum Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval. #XRPL #ETH #XRP