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π As of June 2024, Tron is the second-largest blockchain for stablecoin transfers.
β
Steady $USDT demand has driven robust activity and reliable revenues.
#USDT
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πΈ The total volume of transactions on the Bitcoin network has π exceeded $125 trillion since its creation.
#BTC
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π΅ The financial giant Franklin Templeton, which manages assets of $1.5 trillion, has launched a new tokenized fund FOBXX on Arbitrum.
βοΈ The launch of the fund continues Franklin Templeton's efforts to increase the accessibility of its tokenized real-world assets (RWA).
#RWA #FOBXX
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π Hackers are moving stolen funds through Tornado Cash.
β‘οΈ An address associated with the hacker Nomad Bridge transferred 14,500 ETH (about $35.2 million) to the cryptocurrency mixing service Tornado Cash. This follows the purchase of 16,892 ETH in a falling market on August 5th.
β Despite sanctions, Tornado Cash service continues to be actively used, which raises concerns among regulators and questions about the balance between privacy and security in the crypto industry.
#Hack #ETH #TORN
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πΈ Metaplanet To Invests in Bitcoin
βοΈ The Japanese investment company Metaplanet has received a loan of 1 billion Japanese yen (6.8 million dollars) from its shareholder MMXX Ventures to buy Bitcoin. The term of the loan is six months with an interest rate of 0.1% per year.
βοΈ These funds will allow us to purchase an additional about 118.5 BTC at current market prices. Previously, the company announced plans to raise $70 million through an offer of shares, of which $58 million will go towards investments in Bitcoin.
#BTC #MPL
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π° Binance will list TON. Trading starts today at 13:00.
π Trading pairs β TON/BTC, TON/USDT, TON/FDUSD and TON/TRY.
#Binanse #TON
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πΈ California Tightens Regulation of Bitcoin ATMs
βοΈ California is introducing new measures to regulate bitcoin ATMs. According to the new law, which will come into force in July 2025, the daily limit on deposits will be $1,000, and issuing checks and disclosing traders' names will also be required. These measures are aimed at combating fraud and increasing transparency of operations.
#BTC
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π DeFi protocol Nexera suffered a $1.5 million hacker attack
The decentralized finance protocol Nexera lost $1.5 million as a result of a smart contract exploit. Hackers stole NXRA tokens and started selling them for ETH. According to Cyvers, the attackers have already begun transferring funds to the BNB-chain. This is not the first hacking incident involving this attacker; they were previously seen compromising the private keys of other projects.
#DeFi #Hack #NXRA
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π Bitcoin Whales Amass 30,000 BTC During Market Dip
πΈ As reported on August 6, 2024, a leading analyst revealed on X that these whales accumulated over 30,000 BTC, worth around $1.62 billion, within a span of 48 hours.
π This large-scale accumulation was detected through increased outflows from exchanges and a drop in the amount of BTC held on trading platforms.
#BTC #Whale
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πͺ Circle issued over 300,000,000 USDC in 24 hours at USDC treasury.
#USDC
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π In the past 24 hours, crypto markets recorded a trading volume of $244 billion, the highest since March 6.
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πΈ Bitcoin dominance β the ratio of Bitcoinβs market capitalization to the entire crypto market β has notched a new yearly high of 58% amid a crypto and stock market tumble.
π The dominance of Bitcoin tickers briefly touched 58.1% in the early hours of Aug. 5 amid a sudden sell-off
UPD. Bitcoin Dominance is over 59%
#BTC
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π Analist: August and September are the worst months for #Bitcoin price performance, with average losses of -7.82% and -5.58%, respectively.
#BTC
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π° Ethena Labs is launching lending on Bybit with 20% APR in USDe.
π΅ The new integration will launch Ethena USD (USDe) as margin collateral for traders with an annual percentage rate (APR) of up to 20%.
β‘οΈ Currently, the value of USDe Ethena is estimated at more than $3.2 billion in total value locked (TVL).
#Bybit #USDe
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π The Fear and Greed Index for cryptocurrencies is an indicator that tracks market sentiment towards Bitcoin and other cryptocurrencies. It has fallen to the "fear" level again, and at the time of publication, it has a score of 26.
β¬οΈ This is the lowest value over the past 23 days.
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βοΈ The crypto market experienced the largest three-day sell-off in almost a year, resulting in a $510 billion reduction in total market capitalization since August 2.
π The sharp sell-off of cryptocurrencies occurred amid declining stock dynamics: the S&P 500 index fell by 4.4% over the same period.
π πͺ Bitcoin ($52788) and πͺ Ethereum ($2330) also fell sharply amid the sudden sell-off on August 5: at the time of publication, assets fell by 10% and 18%, respectively.
Bitcoin dropped below $49,000 at the moment.
Over the past seven days, BTC and ETH have fallen by 20% and 28%, respectively.
π πͺSolana ($121) was the hardest hit among the top 10 tokens by market capitalization, falling by 30.6% since July 30.
