🚀 Metabit Network Announces Token Burn And Buyback Plans
#MetabitNetwork #BMTC #TokenBurn #Buyback #Blockchain #Cryptocurrency #TokenEconomics #MarketPerformance #CommunityAssets
According to BlockBeats, on September 9, the public blockchain project Metabit Network announced measures in response to recent significant price fluctuations of its BMTC token. These fluctuations were attributed to malicious actions by former team members amid strategic conflicts. The foundation emphasized its responsibility to the project and the protection of community assets, outlining the following steps:
BMTC Token Burn Plan
The total issuance of BMTC tokens is 1 billion, with 150 million in circulation. Of these, 70 million tokens were released through IDO, seed rounds, institutional rounds, the foundation, and the team. After active communication with these parties, an agreement was reached to destroy 35 million tokens within seven days, accounting for 23.6% of the circulating supply.
This burn plan includes 70% of the tokens released by the foundation, 60% of the team-released tokens, and 50% of the institutional round tokens. Additionally, the foundation reached a consensus with some seed round and IDO investors to participate in this burn.
Buyback Plan
Recently, the foundation repurchased 1.1 million tokens from exchanges, which will also be included in the burn plan.
Future Burn Commitment
Moving forward, the foundation commits to further token burn plans to continuously optimize the BMTC ecosystem and market performance.#MetabitNetwork #BMTC #TokenBurn #Buyback #Blockchain #Cryptocurrency #TokenEconomics #MarketPerformance #CommunityAssets
🚀 Bitcoin(BTC) Surpasses 55,000 USDT with a 1.00% Increase in 24 Hours
#Bitcoin #BTC #55k #USDT #cryptocurrency #Binance #marketdata #trading #increase
On Sep 09, 2024, 07:53 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 55,000 USDT benchmark and is now trading at 55,000.011719 USDT, with a narrowed 1.00% increase in 24 hours.#Bitcoin #BTC #55k #USDT #cryptocurrency #Binance #marketdata #trading #increase
🚀 WisdomTree Bitcoin ETF Transfers 3,653 BTC to Unmarked Address
#wisdomtree #bitcoin #btc #etf #arkham #cryptocurrency #blockchain #investment #BTC
According to Odaily, Arkham monitoring data reveals that WisdomTree's Bitcoin Exchange-Traded Fund (BTCW Bitcoin ETF) transferred 3,653 BTC to an unmarked address beginning with bc1q9v last week. The transferred Bitcoin is valued at approximately $2.0979 million. This marks the first outbound transaction from the WisdomTree Bitcoin ETF address in the past month.#wisdomtree #bitcoin #btc #etf #arkham #cryptocurrency #blockchain #investment #BTC
🚀 SunPump Platform Introduces New Ranking Feature
#SunPump #RankingFeature #TokenLaunch #MarketCapRanking #PriceIncrease #TradingVolume #SunSwapV2 #TRX
According to Odaily, SunPump has launched a new ranking feature on its platform. This feature allows users to access various key data points, including 'Launching Soon,' 'MarketCap Ranking,' '24H Price Increase,' and '24H Trading Volume in TRX.' The 'Launching Soon' section indicates that when the progress bar reaches 100%, the related token will be officially deployed on SunSwap V2.#SunPump #RankingFeature #TokenLaunch #MarketCapRanking #PriceIncrease #TradingVolume #SunSwapV2 #TRX
🚀 Bitcoin Surpasses $55,000 With 1.01% Increase In 24 Hours
#Bitcoin #Cryptocurrency #PriceIncrease #MarketTrend #Investment #Volatility #Growth #BTC
According to BlockBeats, Bitcoin has experienced a notable rise, climbing above $55,000. The cryptocurrency saw a 1.01% increase over the past 24 hours, reflecting a positive trend in the market. This development marks a significant recovery for Bitcoin, which continues to attract attention from investors and analysts alike. The recent price movement underscores the ongoing volatility and potential for growth within the cryptocurrency sector.#Bitcoin #Cryptocurrency #PriceIncrease #MarketTrend #Investment #Volatility #Growth #BTC
🚀 ETH Net Outflow From Derivatives Exchanges Surpasses 40,000
#ETH #NetOutflow #DerivativesExchanges #CryptoQuant #AmrTaha #SellingPressure #ShortPositions
According to Foresight News, CryptoQuant analyst Amr Taha has reported that derivatives exchanges have recently experienced a net outflow of over 40,000 ETH. This significant movement could indicate a reduction in selling pressure for ETH or a decrease in the borrowing amount for newly opened short positions.#ETH #NetOutflow #DerivativesExchanges #CryptoQuant #AmrTaha #SellingPressure #ShortPositions
🚀 Bitcoin Fear And Greed Index Hits Peak Fear Level
#Bitcoin #FearAndGreedIndex #PeakFear #Matrixport #CPIData #USPresidentialDebate #BTC
According to Foresight News, Matrixport has tweeted that the Bitcoin Fear and Greed Index has once again reached peak fear levels. Historically, Bitcoin tends to rebound after hitting such levels of peak fear. This week, potential catalysts include the U.S. presidential debate on Tuesday and the CPI data report on Wednesday.#Bitcoin #FearAndGreedIndex #PeakFear #Matrixport #CPIData #USPresidentialDebate #BTC
🚀 Bitroot Network Secures $1 Million Investment From Moore Labs
#BitrootNetwork #MooreLabs #investment #Bitcoin #financialecosystem #digitalassets #decentralizedplatform #wealthmanagement #cryptocurrency
According to BlockBeats, on September 9, Bitroot Network announced that it has received a $1 million investment from Moore Labs. This funding aims to advance the development of the Bitcoin financial ecosystem. The investment not only signifies Moore Labs' further expansion in the digital asset sector but also provides Bitroot Network with opportunities to expand its market presence and enhance its influence, solidifying its important position within the Bitcoin financial ecosystem. This capital injection will offer Bitroot Network greater growth potential.
Bitroot Network is a decentralized platform focused on asset issuance and core financial networks within the Bitcoin ecosystem. It provides services for the issuance of core assets, wealth management, and innovative applications.
Moore Labs, initiated by the Singapore-based Moore Foundation, manages approximately $500 million in digital assets. The organization is dedicated to simplifying investment and entrepreneurial processes, offering an efficient support platform for investors and startups, and promoting innovative projects in the cryptocurrency field.#BitrootNetwork #MooreLabs #investment #Bitcoin #financialecosystem #digitalassets #decentralizedplatform #wealthmanagement #cryptocurrency
🚀 Oasys Announces Major Upgrade to Layer 1 Hub Layer in September
#Oasys #blockchain #gaming #Layer1 #HubLayer #upgrade #networkperformance #userexperience #blocktime #v1.5.0 #validators #applications
According to Odaily, blockchain gaming platform Oasys has announced a significant upgrade to its Layer 1 (Hub Layer) scheduled for September. The v1.5.0 update will reduce block time from 15 seconds to 6 seconds, aiming to enhance network performance and user experience in response to the increasing activity on the Verse Layer.
Oasys stated that the reduction in block time will double the processing capacity of the Hub Layer per unit of time, which will help support the growing number of users, games, and applications. However, the faster block generation may lead to increased operational costs for validators.#Oasys #blockchain #gaming #Layer1 #HubLayer #upgrade #networkperformance #userexperience #blocktime #v1.5.0 #validators #applications
🚀 Tokocrypto Secures Regulatory Approval in Indonesia
#Tokocrypto #Binance #Indonesia #CryptoAsset #RegulatoryApproval #Bappebti #Web3 #CryptoMarket #InvestorTrust #TradingVolume #Cryptocurrency
According to BlockBeats, on September 9, Binance's Indonesian cryptocurrency exchange platform, Tokocrypto, received a Physical Crypto Asset Trader (PFAK) license from the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti). This achievement underscores Tokocrypto's commitment to regulatory compliance and building investor trust.
The PFAK license permits Tokocrypto to operate as a physical crypto asset trader, marking a significant milestone in the development of Indonesia's Web3 industry. This regulatory approval is expected to enhance the platform's credibility and attract more users to the burgeoning crypto market in the region.
Tokocrypto has seen substantial growth this year, with its user base surpassing 4.5 million and a 138% increase in average monthly trading volume. This growth reflects the increasing interest and adoption of cryptocurrency trading in Indonesia, further solidifying Tokocrypto's position in the market.#Tokocrypto #Binance #Indonesia #CryptoAsset #RegulatoryApproval #Bappebti #Web3 #CryptoMarket #InvestorTrust #TradingVolume #Cryptocurrency
🚀 Bitcoin Price Movements Could Trigger Significant Liquidations
#Bitcoin #Liquidation #Cryptocurrency #CEX #PriceMovements #BlockBeats #Coinglass #ShortPositions #BTC
According to BlockBeats, data from Coinglass indicates that if Bitcoin's price rises above $57,000, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $786 million.
Conversely, if Bitcoin's price falls below $53,000, the cumulative liquidation intensity of short positions on major CEX will amount to $1.303 billion.
BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to adjacent clusters, indicating intensity.
Therefore, the chart illustrates the extent to which the target price reaching a certain level will be affected. Higher 'liquidation bars' suggest that the price reaching that level will result in a more intense reaction due to liquidity waves.#Bitcoin #Liquidation #Cryptocurrency #CEX #PriceMovements #BlockBeats #Coinglass #ShortPositions #BTC
🚀 Bitcoin Mining Stabilizes Power Grids and Boosts Renewable Energy Utilization
#Bitcoin #Mining #PowerGrids #RenewableEnergy #EnergyEfficiency #Texas #GridStability #SurplusEnergy #EnvironmentalImpact #Japan #CarbonNeutrality #TokyoElectricPower #AgileEnergyX #BTC
According to Odaily, Pierre Rochard, Vice President of Research at Riot Platforms, highlighted that in Texas, excess electricity production has occasionally driven prices down to zero. Bitcoin miners have been able to absorb this surplus energy, effectively stabilizing the power grid. This analysis comes amid ongoing criticism of Bitcoin mining for its energy consumption and environmental impact. However, it also offers significant benefits, particularly in terms of grid stability and energy efficiency. A key advantage is that Bitcoin miners can quickly turn their mining equipment on and off, responding to fluctuations in energy demand.
In related news, Agile Energy X, a subsidiary of Tokyo Electric Power Grid, announced earlier today that it has begun installing Bitcoin mining equipment next to solar power plants in Tochigi and Gunma prefectures. This initiative aims to utilize surplus renewable energy for mining experiments. If 10% of this energy is used for Bitcoin mining, it is expected to generate approximately 360 billion yen (2.5 billion USD) in annual revenue. This move seeks to address the issue of power wastage due to the volatility of renewable energy generation while supporting Japan's goal of achieving carbon neutrality by 2050.#Bitcoin #Mining #PowerGrids #RenewableEnergy #EnergyEfficiency #Texas #GridStability #SurplusEnergy #EnvironmentalImpact #Japan #CarbonNeutrality #TokyoElectricPower #AgileEnergyX #BTC
🚀 Clore Initiates Token Buyback Program
#Clore #TokenBuyback #Crypto #Bitcoin #CLORE #Blockchain #Investment
According to Odaily, GPU computing power rental platform Clore has officially launched its token buyback program. As the first step of this initiative, Clore has converted $30,000 worth of Bitcoin earnings into 660,000 CLORE tokens. Clore stated that this is just the beginning of the plan, and they will continue to support buybacks when market conditions are favorable.#Clore #TokenBuyback #Crypto #Bitcoin #CLORE #Blockchain #Investment
🚀 USDC Transfer of 37.1 Million Tokens Observed Between Addresses
#USDC #Cryptocurrency #Blockchain #DigitalAssets #TokenTransfer #MarketTrends #Stablecoin #Liquidity
According to Odaily, monitoring by iChainfo has revealed a significant transfer of 37.1 million USDC tokens. The transaction involved the movement of these tokens from a Ceffu address, starting with 0x4a9e, to a Copper address, beginning with 0x8f0e.
This transfer highlights ongoing activities within the cryptocurrency space, reflecting the dynamic nature of digital asset transactions. The movement of such a substantial amount of USDC, a stablecoin pegged to the US dollar, underscores the importance of monitoring and analyzing blockchain transactions to understand market trends and behaviors.
The details of the transaction, including the specific addresses involved, provide insight into the flow of digital assets and the entities managing these transfers. As the cryptocurrency market continues to evolve, such transactions are crucial for stakeholders to track and interpret the implications for market stability and liquidity.#USDC #Cryptocurrency #Blockchain #DigitalAssets #TokenTransfer #MarketTrends #Stablecoin #Liquidity
🚀 GRVT Secures $3.3 Billion Monthly Trading Volume Ahead Of Mainnet Launch
#GRVT #cryptocurrency #tradingplatform #monthlytradingvolume #mainnetlaunch #marketmakers #blockchain #CeFi #DeFi #tradingexperience
According to BlockBeats, on September 9, cryptocurrency trading platform GRVT announced that it has secured contracts for a monthly trading volume of $3.3 billion ahead of its mainnet launch.
The hybrid cryptocurrency trading platform has signed agreements with prominent market makers such as Galaxy Trading Asia Limited, DV Chain, and CMS. These market makers have committed to providing a monthly trading volume of $3.3 billion.
GRVT co-founder and CEO Hong Yea attributed this achievement to the platform's hybrid technology architecture. Discussing GRVT's value proposition compared to other centralized exchanges (CEX), Yea stated, 'To truly combine the advantages of CeFi and DeFi and create the ultimate user trading experience, the solution is to use blockchain for settlement while keeping the trading infrastructure or order book off-chain.'#GRVT #cryptocurrency #tradingplatform #monthlytradingvolume #mainnetlaunch #marketmakers #blockchain #CeFi #DeFi #tradingexperience
🚀 RPL Surges Over 30% Following Binance's Announcement of Perpetual Contracts
#RPL #Binance #PerpetualContracts #Cryptocurrency #MarketSurge #Leverage #PriceIncrease
According to BlockBeats, on September 9, market data indicated a significant increase in the price of RPL. The surge was attributed to Binance's announcement that it would be launching RPL perpetual contracts with leverage ranging from 1 to 75 times. Following this news, RPL experienced a short-term price increase of over 30%, with its value temporarily reaching $12.48.#RPL #Binance #PerpetualContracts #Cryptocurrency #MarketSurge #Leverage #PriceIncrease
🚀 🔥 Binance Releases 22nd Proof of Reserves: Strong USDT Growth and Continued Transparency 🔥
#Binance #ProofOfReserves #USDT #Tether #Bitcoin #BTC #Ethereum #ETH #Cryptocurrency #Transparency
Binance has released its 22nd proof of reserves as of September 1. The latest snapshot highlights a significant increase in Tether (USDT) holdings and stable overall reserves across major cryptocurrencies.USDT Holdings: User holdings of Tether have surged by 4.34%, reaching 22.11 billion USDT, with an impressive increase of 919 million USDT since the last snapshot. This growth reflects strong user confidence and demand for stable assets on Binance.BTC Holdings: Binance users continue to hold a solid 605,000 BTC, reflecting a minimal decrease of 1.27% from the previous period, demonstrating consistent interest in Bitcoin trading and investment.ETH Holdings: Ethereum holdings remain robust at 4.486 million ETH, with a slight decline of 4.58%, which aligns with broader market movements.#Binance #ProofOfReserves #USDT #Tether #Bitcoin #BTC #Ethereum #ETH #Cryptocurrency #Transparency
🚀 Alchemy Pay Becomes Preferred Payment Solution for TON
#AlchemyPay #TON #cryptocurrency #paymentsolutions #Telegram #USDT
According to Odaily, Alchemy Pay, a provider of cryptocurrency payment solutions, announced on Platform X that it has become one of the preferred payment solution providers for TON, supporting seamless payments based on Telegram. Earlier in April 2024, Alchemy Pay first announced its support for USDT on the TON network.#AlchemyPay #TON #cryptocurrency #paymentsolutions #Telegram #USDT
🚀 Prediction Market TVL Reaches Record High
#PredictionMarket #TVL #DefiLlama #BlockBeats #PolyMarket #Azuro #LumiFinance #GnosisProtocol #Augur #EtherFlip #WINRProtocol
According to BlockBeats, as of September 9, data from DefiLlama indicates that the total value locked (TVL) in the prediction market sector has reached an all-time high of $146.25 million. This marks a significant increase, doubling the TVL from two months ago.
PolyMarket leads the sector with a TVL of $121 million. Other platforms with TVL exceeding $1 million include Azuro, Lumi Finance, Gnosis Protocol v1, Augur, EtherFlip, and WINR Protocol.#PredictionMarket #TVL #DefiLlama #BlockBeats #PolyMarket #Azuro #LumiFinance #GnosisProtocol #Augur #EtherFlip #WINRProtocol
🚀 Cellula Launches World's First AI Game Based On vPOW Consensus Mechanism
#Cellula #AIGame #vPOW #BNBChain #Hackathon #Bitcoin #GPUcomputing #GameOfLife #BitLife #Mining #NFTs #PrizePool
According to BlockBeats, on September 9, Cellula introduced the world's first AI game based on the vPOW consensus mechanism. This innovative game combines GPU computing with Conway's Game of Life, offering users a new immersive experience in Bitcoin POW mining.
With special support from BNB Chain, Cellula is set to host the 4x4 Genotype BitLife Hackathon. This event, leveraging GPU computing and the rules of the Game of Life, aims to develop high-performance 4x4 genotype BitLife virtual mining machines. The hackathon invites developers worldwide to contribute to the Cellula ecosystem, enhancing the virtual mining experience.
In August, Cellula paused the minting of 3x3 genotype BitLife. The upcoming hackathon marks the official release of the 4x4 genotype BitLife, designed to inspire global developers' creativity, foster deeper community interaction, and provide robust support for miners and potential mining machine manufacturers.
The event will run from September 11 to September 29, spanning three weeks, with a total prize pool valued at approximately 10,000 USDT. The top three participants will each receive 1,000 USDT, totaling 3,000 USDT, along with 10 BitCell NFTs valued at 3,000 USDT.#Cellula #AIGame #vPOW #BNBChain #Hackathon #Bitcoin #GPUcomputing #GameOfLife #BitLife #Mining #NFTs #PrizePool