🚀 Magic Eden Leads NFT Market in August with 36.7% Share
#MagicEden #NFTMarket #Cryptocurrency #TradingVolume #Blur #OpenSea #MarketShare #BLUR
According to Odaily, data from cryptocurrency tracking company CoinGecko reveals that Magic Eden held a market share of 36.7% in August, with a monthly trading volume of $122.47 million. This marks the sixth consecutive month that Magic Eden has maintained its position as the leading NFT marketplace. Blur, currently the second most popular NFT trading platform, saw its market share decline from 35.4% at the beginning of the year to 25.4% last month. During the same period, Blur's monthly NFT trading volume steadily decreased from $499.95 million to $84.69 million. OpenSea, the third-largest NFT marketplace, recorded a monthly trading volume of $66.52 million last month, accounting for 19.9% of the market share.#MagicEden #NFTMarket #Cryptocurrency #TradingVolume #Blur #OpenSea #MarketShare #BLUR
🚀 Mino Games Shifts Dimensionals To Web2 Mode
#MinoGames #Dimensionals #Web2 #Web3 #NFT #gaming #blockchain
According to Odaily, Web3 game developer Mino Games has announced the transition of its card game 'Dimensionals' to a Web2 model. Mino Games CEO Sash MacKinnon revealed that 'Dimensionals' entered the Web3 space in March 2023, launching its Genesis series through a free minting process. However, the project faced significant challenges, including a large number of whitelist giveaways being claimed by bots and multiple DDoS attacks. Additionally, the reform of NFT royalties, which eliminated a key revenue source, led to a sudden collapse in income. As the value of NFTs plummeted, some community members began scamming others within the community. Confronted with these issues, Mino Games ultimately decided that continuing in the Web3 space was not viable.#MinoGames #Dimensionals #Web2 #Web3 #NFT #gaming #blockchain
🚀 Gitcoin And Octant To Launch Quadratic Funding Round In September
#Gitcoin #Octant #QuadraticFunding #ETH #communityprojects #GTC
According to Odaily, Gitcoin and Octant have announced a partnership to initiate a Quadratic Funding round in September. This funding round will feature a matching pool of up to 15 ETH, with funds allocated based on community voting. The initiative aims to support community-driven projects.#Gitcoin #Octant #QuadraticFunding #ETH #communityprojects #GTC
🚀 MARA Holdings Reports August Bitcoin Production and Miner Update
#MARA #Bitcoin #BTC #mining #hashrate #production #blockproduction #crypto
According to Odaily, Bitcoin mining company MARA Holdings, Inc. released its unaudited BTC production and miner report for August 2024. The data reveals that MARA's hash rate increased to 35.2 EH/s in August, marking an 11% rise from July. However, the company's block production for the month saw a 2% decline compared to July, and BTC production dropped by 3%, resulting in 673 BTC produced in August. As of August 31, 2024, MARA Holdings holds a total of 25,945 unrestricted BTC. Notably, the company did not sell any BTC during August.#MARA #Bitcoin #BTC #mining #hashrate #production #blockproduction #crypto
🚀 US July Trade Deficit Reaches Largest Since June 2022
#TradeDeficit #USEconomy #EconomicIndicators #Imports #Exports #TradePolicy #FinancialReports #EconomicHealth #CurrencyValues #InternationalRelations
According to Odaily, market reports indicate that the United States recorded a trade deficit of $78.8 billion in July. This figure slightly exceeded the expected deficit of $79.0 billion. The previous value was revised from $73.1 billion to $73.0 billion.
The July trade deficit marks the largest since June 2022, highlighting ongoing economic challenges. The data reflects the balance between the country's imports and exports, with a higher deficit indicating that the value of imports continues to surpass that of exports. This trend can have significant implications for the overall economic health and policy decisions.
The trade deficit is a critical economic indicator, often influencing currency values, trade policies, and international relations. Analysts and policymakers closely monitor these figures to assess economic performance and make informed decisions. The latest data underscores the importance of addressing trade imbalances to foster a more stable economic environment.#TradeDeficit #USEconomy #EconomicIndicators #Imports #Exports #TradePolicy #FinancialReports #EconomicHealth #CurrencyValues #InternationalRelations
🚀 South Korea's Financial Supervisory Service to Inspect Virtual Asset Exchanges
#SouthKorea #FinancialSupervisoryService #VirtualAssetExchanges #Inspections #Cryptocurrency #MarketOrder #RegulatoryCompliance #IllegalActivities
According to Odaily, South Korea's Financial Supervisory Service (FSS) is set to begin inspections of virtual asset exchanges to identify any suspicious or illegal activities. The regulatory body aims to enforce strict penalties for any violations discovered during these inspections to maintain market order. Additionally, the FSS may advocate for regulatory amendments to address systemic deficiencies if necessary. The inspections will focus on detecting suspicious transactions and ensuring that cryptocurrency exchanges and related companies comply with existing regulations.#SouthKorea #FinancialSupervisoryService #VirtualAssetExchanges #Inspections #Cryptocurrency #MarketOrder #RegulatoryCompliance #IllegalActivities
🚀 Match NFT Auction Sees Significant Growth in Initial Sale
#Match #NFTAuction #USDC #Growth #Staking #APY #Blockchain #DigitalAssets
According to BlockBeats, on September 4, social platform Match announced the results of its first NFT auction. The NFTs had a starting bid of 70 USDC, with the latest transaction price reaching 110 USDC, marking a 57% increase. The total auction amount reached 436,000 USDC, with the highest bid recorded at 630 USDC. A total of 3,796 participants took part in the auction. The starting bid for the second NFT auction will be set at the final transaction price of the first auction.
In addition, Match has launched a joint staking feature for its NFTs. Users who participate in the joint staking can enjoy an annual percentage yield (APY) of up to 4263%.#Match #NFTAuction #USDC #Growth #Staking #APY #Blockchain #DigitalAssets
🚀 Former Dallas Fed President Suggests Potential Rate Cuts
#DallasFed #RobertKaplan #FederalReserve #RateCuts #InterestRates #EmploymentReport #EconomicIndicators
According to Odaily, former Dallas Federal Reserve President Robert Kaplan indicated in an interview with Goldman Sachs' research monthly 'Top of Mind' that the Federal Reserve might be lagging behind the curve, but only for one or two meetings. Kaplan believes that the Fed should begin cutting interest rates soon. He is closely monitoring data, including the August employment report set to be released on Friday. Kaplan mentioned that a 'relatively robust' report would likely prompt the Fed to cut rates by 25 basis points. However, if the employment data and other economic indicators fall short of expectations, the Fed might consider a 50 basis point rate cut.#DallasFed #RobertKaplan #FederalReserve #RateCuts #InterestRates #EmploymentReport #EconomicIndicators
🚀 Ton Status Introduces New Tool To Evaluate Validator Efficiency
#TONStatus #validator #efficiency #mytonctrl #check_ef #blockchain #cryptocurrency
According to Odaily, TON Status has announced the release of a new tool designed to assess the efficiency of validators. The latest version of 'mytonctrl' includes a new command, check_ef, which outputs efficiency data for validators from the previous and current rounds. This command retrieves data by invoking the checkloadall tool. The previously used efficiency scores obtained from the status command are now outdated and have been removed. TON Status had previously indicated that a penalty system for underperforming validators would be fully operational by September 9 and would become stricter in the future.#TONStatus #validator #efficiency #mytonctrl #check_ef #blockchain #cryptocurrency
🚀 Siemens Issues Second Digital Bond Worth 300 Million Euros
#Siemens #DigitalBond #Blockchain #DLT #Euro #CentralBank #SWIAT #TARGET2 #Settlement #Technology
According to Odaily, German technology giant Siemens has announced the issuance of its second digital bond, valued at 300 million euros. This bond issuance utilizes SWIAT's permissioned blockchain technology and is part of the European Central Bank's wholesale distributed ledger technology (DLT) settlement experiment. The one-year bond employs Germany's Trigger solution, enabling automated central bank payments through the TARGET 2 system, significantly reducing settlement time to just a few minutes. In contrast, Siemens' previous issuance of a 60 million euro bond on the Polygon blockchain took two days to settle.#Siemens #DigitalBond #Blockchain #DLT #Euro #CentralBank #SWIAT #TARGET2 #Settlement #Technology
🚀 BNB Chain Launches Incentive Program to Boost DeFi Ecosystem
#BNBChain #DeFi #IncentiveProgram #TotalValueLocked #TVL #StakingChallenges
According to BlockBeats, on September 4, BNB Chain announced the launch of the BNB Chain TVL#4 Incentive Program. This comprehensive initiative aims to accelerate the development of the DeFi ecosystem on the BNB Chain. The program features a total prize pool of $300,000, designed to encourage projects to increase their total value locked (TVL) and participate in staking challenges.#BNBChain #DeFi #IncentiveProgram #TotalValueLocked #TVL #StakingChallenges
🚀 Bitcoin Addresses Holding 100-1000 BTC Continue Accumulation
#Bitcoin #BTC #Accumulation #Cryptocurrency #MarketFluctuations #Intotheblock
According to Odaily, data from Intotheblock reveals that addresses holding between 100 and 1,000 BTC have not been affected by market fluctuations and have been steadily increasing their holdings over the past few months. These addresses now hold 20.3% of the circulating supply of Bitcoin.#Bitcoin #BTC #Accumulation #Cryptocurrency #MarketFluctuations #Intotheblock
🚀 Former Visa President John Partridge Joins WSPN Board
#WSPN #JohnPartridge #Visa #Stablecoin #BoardOfDirectors #Funding #IPO #FinancialServices
According to Odaily, Worldwide Stablecoin Payment Network (WSPN), a stablecoin infrastructure provider, has appointed former Visa President John Partridge to its board of directors. Partridge served as Visa's president from 2009 to 2013. During his tenure, Visa completed a $19 billion IPO in 2008, which was the largest IPO in U.S. history at that time. WSPN has recently secured $30 million in seed funding.#WSPN #JohnPartridge #Visa #Stablecoin #BoardOfDirectors #Funding #IPO #FinancialServices
🚀 Bored Ape Yacht Club Collaborates With Japanese Brand BAPE.COM And The Bored Brewing Company To Launch Limited Edition Beer
#BoredApeYachtClub #BAYC #BAPE #BoredBrewingCompany #LimitedEditionBeer #Collaborations
According to Foresight News, Bored Ape Yacht Club (BAYC) has announced a collaboration with Japanese fashion brand BAPE.COM and brewing company The Bored Brewing Company to release a limited edition beer named 'A BORED APE BEER'.#BoredApeYachtClub #BAYC #BAPE #BoredBrewingCompany #LimitedEditionBeer #Collaborations
🚀 CoinMarketCap Resolves Data Glitch And Implements Preventive Measures
#CoinMarketCap #DataGlitch #PreventiveMeasures #ATL #ATH #Cryptocurrency
According to Odaily, CoinMarketCap announced on the X platform that it encountered a brief data revision glitch yesterday, resulting in the loss of some data points. The issue has since been identified and resolved, including the correction of affected ATL/ATH data. To prevent similar issues in the future, CoinMarketCap has implemented additional measures.#CoinMarketCap #DataGlitch #PreventiveMeasures #ATL #ATH #Cryptocurrency
🚀 BlackRock IBIT Pre-Market Trading Volume Reaches $9 Million
#BlackRock #IBIT #PreMarket #TradingVolume #Finance #Investing
According to Odaily, data released by Trader T indicates that BlackRock IBIT's pre-market trading volume today amounted to $9 million. Of this total, 28% were active buy orders, while 53% were active sell orders.#BlackRock #IBIT #PreMarket #TradingVolume #Finance #Investing
🚀 Bitfarms Responds to Riot's Acquisition Proposal and Statements
#Bitfarms #Riot #AcquisitionProposal #CorporateGovernance #Shareholders #BoardLeadership #ForesightNews
According to Foresight News, Bitfarms has issued a statement addressing Riot's acquisition proposal and related misleading statements. Bitfarms clarified that the upcoming special meeting is not about corporate governance, as Riot has repeatedly suggested, but rather about Riot's attempt to acquire Bitfarms at a discounted price, benefiting Riot shareholders instead of Bitfarms shareholders. Bitfarms accused Riot of refusing constructive engagement and instead opting for public attacks and actions that harm other Bitfarms shareholders. The recent changes in Bitfarms' board and leadership were conducted independently of Riot and not for Riot's benefit or approval. Bitfarms also questioned how Riot's nominees would strengthen the board.
According to Foresight News, Riot Platforms has urged the Bitfarms board to implement changes ahead of a crucial meeting in October.#Bitfarms #Riot #AcquisitionProposal #CorporateGovernance #Shareholders #BoardLeadership #ForesightNews
🚀 Chromia Releases Updated Roadmap Highlighting Key Goals for Q3 and Q4
#Chromia #blockchain #roadmap #staking #mainnet #Filehub #crosschain #EVM #CHR #Q3 #Q4
According to Foresight News, Layer1 relational blockchain Chromia has unveiled its latest roadmap, outlining significant mid-term objectives for the third and fourth quarters of the year. Key goals include transitioning the native staking system to the Chromia mainnet, which is expected to be launched by the end of this month. Additionally, the roadmap features the release of the Filehub mainnet for on-chain file storage and the enhancement of cross-chain capabilities, allowing CHR withdrawals to be integrated into Chromia Vault's EVM.
Previously, Foresight News reported that Chromia's MVP mainnet was launched on July 16.#Chromia #blockchain #roadmap #staking #mainnet #Filehub #crosschain #EVM #CHR #Q3 #Q4
🚀 Monad Warns Users Of Fraudulent Discord Links
#Monad #Discord #Fraud #Security #Phishing #Scam #Alert
According to Odaily, Monad has issued a warning on the X platform regarding a security issue with their official Discord link. The link is currently being redirected to a fraudulent server, potentially affecting users who have joined or attempted to join in the past few hours. Monad advises users not to click on any links to join the Monad Discord server at this time. The company is actively working to resolve the issue and urges users to remain vigilant against any scams or phishing attempts.#Monad #Discord #Fraud #Security #Phishing #Scam #Alert
🚀 Bank Of Canada Lowers Interest Rates For Third Consecutive Time
#BankOfCanada #InterestRates #FinancialNews #Economy #MarketTrends
According to BlockBeats, on September 4, the Bank of Canada reduced its interest rate by 25 basis points for the third consecutive time, bringing the rate down to 4.25%. This move aligns with market expectations.#BankOfCanada #InterestRates #FinancialNews #Economy #MarketTrends
🚀 Stronghold Reports August Bitcoin Mining and Operations Update
#Stronghold #BitcoinMining #AugustUpdate #ForesightNews #Bitfarms #MergerAgreement #Cryptocurrency #EnergyRevenue #MiningOperations #BTC
According to Foresight News, Bitcoin mining company Stronghold has released its August Bitcoin mining and operations update. In August 2024, Stronghold mined 63 Bitcoins, generating approximately $0.2 million in energy revenue. This amount is equivalent to an additional 4 Bitcoins based on the average Bitcoin price for the month, resulting in a total output of around 67 Bitcoin equivalents, marking a 2% increase from the previous month. Additionally, the company reported $4 million in revenue for August, which is a 2% decrease compared to the previous month.
According to Foresight News, Bitfarms and Stronghold signed a final merger agreement in August, with the merger expected to be completed in the first quarter of next year.#Stronghold #BitcoinMining #AugustUpdate #ForesightNews #Bitfarms #MergerAgreement #Cryptocurrency #EnergyRevenue #MiningOperations #BTC