🚀 Bitcoin's Implied Volatility Expected to Decline by Year-End
#Bitcoin #ImpliedVolatility #Cryptocurrency #MarketTrends #OpenInterest #Finance #Investing #BTC
According to Odaily, data disclosed by The Cook Capital indicates that Bitcoin's implied volatility (IV) at the end of November and December is around 60%. Over the past week, the realized volatility (RV) was 52%. Positions held until the end of September and earlier account for over 45% of the open interest. As these positions expire and are rolled over, the market's IV may further decrease.#Bitcoin #ImpliedVolatility #Cryptocurrency #MarketTrends #OpenInterest #Finance #Investing #BTC
🚀 Nvidia Shares Drop to Lowest Since Mid-August
#Nvidia #NVDA #stocks #shareprice #marketdecline #financialnews
According to BlockBeats, on September 3, Nvidia (NVDA.O) experienced a significant decline in its stock value, falling by 8%. This marks the lowest point for the company's shares since August 13.#Nvidia #NVDA #stocks #shareprice #marketdecline #financialnews
🚀 FTC Reports Surge In Bitcoin ATM Scams
#Bitcoin #ATM #scams #FTC #financiallosses #fraud #olderadults #consumerprotection
According to Odaily, the U.S. Federal Trade Commission (FTC) has released data indicating a significant increase in financial losses due to Bitcoin ATM scams. Since 2020, the amount of money lost in these scams has surged nearly tenfold. The latest data from the FTC highlights that in the first six months of 2024 alone, Bitcoin ATM scams have resulted in over $65 million in fraudulent losses. Notably, individuals aged 60 and above are more than three times as likely to be affected by these scams compared to younger adults. On average, consumers reported a loss of $10,000 in the first half of this year.#Bitcoin #ATM #scams #FTC #financiallosses #fraud #olderadults #consumerprotection
🚀 Bloomberg Terminal Integrates Polymarket Prediction Market
#BloombergTerminal #Polymarket #PredictionMarket #ShaneCoplan #MarketInsights #DecisionMaking
According to Foresight News, Polymarket CEO Shane Coplan has revealed that the Bloomberg Terminal has integrated the Polymarket prediction market. This integration marks a significant development for Polymarket, providing users of the Bloomberg Terminal with access to Polymarket's prediction market data. The move is expected to enhance the availability of prediction market insights to a broader audience, potentially influencing decision-making processes in various sectors.#BloombergTerminal #Polymarket #PredictionMarket #ShaneCoplan #MarketInsights #DecisionMaking
🚀 Solana Falls Below 130 USDT Amid Market Decline
#Solana #SOL #cryptocurrency #marketdecline #USDT #trading
According to Odaily, the cryptocurrency Solana (SOL) has experienced a decline, falling below the 130 USDT mark. As of the latest data, SOL is trading at 129.91 USDT, reflecting a 24-hour decrease of 2.51%.#Solana #SOL #cryptocurrency #marketdecline #USDT #trading
🚀 US Economy Continues to Contract as August Manufacturing PMI Declines
#USEconomy #ManufacturingPMI #FederalReserve #RateCut #EmploymentReport #JobGains #UnemploymentRate
According to Odaily, the latest report on the US ISM August Manufacturing PMI indicates a continued contraction in the American economy. The data has influenced traders to increase the probability of a 50 basis point rate cut by the Federal Reserve in September from 30% to 39%, as per the Chicago Mercantile Exchange (CME) FedWatch tool. However, the majority still expect a 25 basis point cut, with a 61% probability.
The primary focus of US macroeconomic news remains the August employment report, set to be released on Friday. This report could be a decisive factor for the Federal Reserve's decision to either cut rates by 25 or 50 basis points. Economists predict that job gains will rebound from 114,000 in July to 160,000 in August. Additionally, the unemployment rate is expected to decrease from 4.3% to 4.2%.#USEconomy #ManufacturingPMI #FederalReserve #RateCut #EmploymentReport #JobGains #UnemploymentRate
🚀 Avalanche Announces Major Network Upgrade Avalanche9000
#Avalanche #Avalanche9000 #networkupgrade #Layer1 #mainnet #cryptocurrency #blockchain #economicallyfeasible #customizable #time-to-market #AVAX
According to Odaily, Avalanche has announced the launch of the Avalanche9000 network upgrade on the X platform. This significant upgrade, which is set to begin testing soon, marks the largest network enhancement since the launch of Avalanche's mainnet. The Avalanche9000 upgrade aims to make it more economically feasible, customizable, and easier to maintain for users to deploy their own Layer 1 (L1) networks. Additionally, it is expected to accelerate the time-to-market for these networks.#Avalanche #Avalanche9000 #networkupgrade #Layer1 #mainnet #cryptocurrency #blockchain #economicallyfeasible #customizable #time-to-market #AVAX
🚀 Tron Network's Measures Against Front-Running Transactions Highlighted
#TronNetwork #FrontRunning #Blockchain #MEV #JustinSun #SuperRepresentative #Decentralization #Crypto #Ethereum #Solana #TransactionSecurity #CommunityFeedback #TRX
According to BlockBeats, on September 3, Justin Sun announced on his social media platform that the Tron network has recently received community feedback regarding front-running transactions. After thorough investigation, it was found that the Tron network does not have a Maximum Extractable Value (MEV) mechanism. Overall, Tron is significantly ahead of Ethereum and Solana in preventing front-running by bots, with an interception rate of around 98%.
Tron's Super Representative (SR) nodes have not implemented any MEV mechanisms, meaning no one can manipulate prices to prioritize their transactions on the blockchain. Additionally, transactions within blocks cannot be rearranged, inserted, or deleted to gain extra profits. The investigation also revealed that Tron's super nodes have not accepted bribes to facilitate front-running transactions, and the official stance strictly prohibits any form of assistance in such activities. The community's findings of so-called MEV transactions involve numerous failed scenarios where bots are using probabilistic methods to exploit victims.
Front-running is a strategy employed by bots on every blockchain, and Tron is no exception. However, Tron's design eliminates privileged mechanisms, such as prioritizing on-chain transaction senders. Furthermore, a decentralized voting system oversees SR behavior, significantly reducing the likelihood of front-running, thereby making the market fairer.#TronNetwork #FrontRunning #Blockchain #MEV #JustinSun #SuperRepresentative #Decentralization #Crypto #Ethereum #Solana #TransactionSecurity #CommunityFeedback #TRX
🚀 Aave And Sky Explore Partnership To Bridge DeFi And TradFi
#Aave #Sky #DeFi #TradFi #PhoenixLabs #SPKtokens #USDS #SkyAaveForce #sUSDS #SSR #USDSDirectDepositModule #Lido #wstETH #cryptocurrency #blockchain #partnership #AAVE
According to Cointelegraph, decentralized finance (DeFi) protocols Aave and Sky (formerly Maker) are considering a partnership aimed at bridging the gap between DeFi and traditional finance (TradFi). This initiative, named the Sky Aave Force, was announced on September 2 following a governance proposal by Phoenix Labs, a DeFi research and development organization.
The proposal includes issuing SPK tokens, native to Sky’s subDAO, Spark, to establish a market for USDS, a stablecoin launched after Maker’s rebranding to Sky in August. Aave Labs, the developer behind the Aave DeFi lending platform, emphasized the partnership's goal to drive mass adoption and close the gap between DeFi and TradFi.
Phoenix Labs suggests distributing up to 3.33 million SPK tokens monthly to incentivize an Aave v3 market for Sky’s sUSDS, a yield-bearing token representing deposits in the Sky Savings Rate (SSR) program. Similar to the DAI Savings Rate (DSR) program, SSR provides yield to depositors from the revenues generated by Sky’s protocol. Idle sUSDS on Aave would consistently earn the SSR, potentially outperforming USDC/USDT counterparts.
The proposal also includes introducing a USDS Direct Deposit Module (D3M) to Aave’s Lido Market, with an initial debt ceiling of $100 million. Aave partnered with Lido, the leading Ethereum staking protocol, in July to create a lending market for wstETH, a liquid staking derivative representing a claim on Lido’s ETH staking pool. The D3M would allow Sky to mint USDS directly into Aave’s market without needing to meet the usual collateral requirements.
Phoenix Labs highlighted the synergies between the two protocols, noting that Aave is the largest lending market in DeFi with over $11 billion in total value locked (TVL) across multiple chains. They view this partnership as a first step towards a deeper relationship with Aave to promote both protocols as the core of scalable DeFi.#Aave #Sky #DeFi #TradFi #PhoenixLabs #SPKtokens #USDS #SkyAaveForce #sUSDS #SSR #USDSDirectDepositModule #Lido #wstETH #cryptocurrency #blockchain #partnership #AAVE
🚀 FBI Warns Of North Korean Cybercriminals Targeting Web3 Industry
#FBI #NorthKorea #Cybercriminals #Web3 #Cryptocurrency #DeFi #SocialEngineering #CyberThreats #ETFs #MaliciousCyberActivities
According to Odaily, the Federal Bureau of Investigation (FBI) has issued a warning that North Korean cybercriminals are actively targeting employees in the Web3 industry to steal cryptocurrency funds. These criminals are reportedly using sophisticated social engineering tactics to deceive employees of cryptocurrency and decentralized finance (DeFi) companies. The FBI emphasized that such schemes pose a continuous threat to entities holding significant amounts of cryptocurrency or related products.
The FBI further noted that in recent months, North Korean malicious cyber actors have been researching various targets associated with cryptocurrency exchange-traded funds (ETFs). This research includes preparatory work before launching operations, indicating that North Korean attackers may engage in malicious cyber activities against companies related to cryptocurrency ETFs or other financial products linked to cryptocurrencies.#FBI #NorthKorea #Cybercriminals #Web3 #Cryptocurrency #DeFi #SocialEngineering #CyberThreats #ETFs #MaliciousCyberActivities
🚀 SEC Charges Galois Capital With Custody Mismanagement
#SEC #GaloisCapital #CustodyMismanagement #Cryptocurrencies #HedgeFund #BlockBeats
According to BlockBeats, on September 3, market sources reported that the U.S. Securities and Exchange Commission (SEC) has charged Galois Capital, a hedge fund focused on cryptocurrencies, with custody mismanagement.#SEC #GaloisCapital #CustodyMismanagement #Cryptocurrencies #HedgeFund #BlockBeats
🚀 Everclear Extends NEXT Token Lock-Up Period to 18 Months
#Everclear #NEXT #TokenLockUp #Blockchain #ChainAbstraction #Cryptocurrency #Investing #Stakeholders
According to Odaily, Everclear has announced an extension of the lock-up period for its NEXT tokens from 12 months to 18 months. The earliest unlock date is now set for December 6, 2024. This decision was made after discussions with core contributors and aims to ensure that all stakeholders remain focused on the long-term vision of building the Chain Abstraction stack foundation.#Everclear #NEXT #TokenLockUp #Blockchain #ChainAbstraction #Cryptocurrency #Investing #Stakeholders
🚀 Ark Invest Transfers 2159 BTC to Unidentified Address
#ArkInvest #Bitcoin #BTC #ETF #Cryptocurrency #Finance
According to Odaily, Arkham monitoring has reported that an address labeled as ARK Invest: ARKB 21Shares Bitcoin ETF transferred 2,159 BTC to an unidentified address beginning with 'bc1qgu' approximately four minutes ago. The value of the transferred Bitcoin is estimated to be around $124.43 million.#ArkInvest #Bitcoin #BTC #ETF #Cryptocurrency #Finance
🚀 Bitcoin ETF Sees Significant Outflow in September
#Bitcoin #ETF #Outflow #ARK21Shares #BTC #ETH #Cryptocurrency
According to Odaily, on September 3, U.S. Bitcoin ETFs experienced a net outflow of 1,323 BTC, equivalent to approximately $76.54 million. Among these, ARK 21Shares saw a significant outflow of 1,104 BTC, valued at around $63.89 million. Currently, ARK 21Shares holds 44,353 BTC, worth approximately $2.57 billion.
As of the time of reporting, most entities have not yet updated their official websites with the latest BTC and ETH holdings.#Bitcoin #ETF #Outflow #ARK21Shares #BTC #ETH #Cryptocurrency
🚀 BNB Drops Below 520 USDT with a 0.57% Decrease in 24 Hours
#BNB #Cryptocurrency #Binance #MarketData #USDT #Bitcoin #Trading
On Sep 03, 2024, 18:05 PM(UTC). According to Binance Market Data, BNB has dropped below 520 USDT and is now trading at 519.900024 USDT, with a narrowed 0.57% decrease in 24 hours.#BNB #Cryptocurrency #Binance #MarketData #USDT #Bitcoin #Trading
🚀 ZKsync Experiences Significant Drop in Wallet Activity
#ZKsync #WalletActivity #ETH #MatterLabs #Blockchain #Cryptocurrency #Layoffs
According to Odaily, data from Dune indicates that on September 3, only two wallet addresses bridged funds into ZKsync, amounting to 0.01 ETH. This marks a significant decline compared to previous activity. On August 17, 2023, the ZKsync network recorded a peak with 5,618 wallet addresses bridging funds, totaling 37,986 ETH. This sharp decrease in activity comes amid recent developments within the company. Yesterday, Matter Labs, the development company behind ZKsync, announced a 16% reduction in its workforce, resulting in the layoff of 24 employees.#ZKsync #WalletActivity #ETH #MatterLabs #Blockchain #Cryptocurrency #Layoffs
🚀 Penpie DeFi Protocol Suffers $27 Million Exploit
#Penpie #DeFi #crypto #hack #exploit #Pendle #ETH #sUSDE #USDC #TornadoCash #PNP #PENDLE #BTC #2023 #scams #digitalassets
According to CoinDesk, decentralized finance (DeFi) protocol Penpie, built on the tokenized yield platform Pendle, experienced an exploit on Wednesday. Crypto observers reported that the alleged exploiter drained approximately $27 million in crypto assets, including various types of staked ether (ETH), Ethena's sUSDE, and wrapped USDC stablecoin from the protocol. Blockchain data shows that the proceeds were later converted to ETH using predominantly Li.fi and forwarded to a new address, as per Etherscan data.
The exploiter's address was initially funded with 10 ETH, worth roughly $25,000, via the crypto mixer Tornado Cash just a few hours before the exploit occurred. Pendle confirmed that it identified a security compromise on Penpie's protocol and stated that it would maintain close communication with the team. Pendle assured that investors' funds are safe on Pendle but temporarily paused all contracts as a precautionary measure.
Following the exploit, Penpie's token (PNP) plummeted, declining 40% throughout the day, according to CoinGecko data. Pendle (PENDLE) also saw a decrease, down nearly 8% over the past 24 hours, underperforming bitcoin (BTC) and ETH's 1%-3% decline. DeFi protocols are often vulnerable to hacks and exploits, and Penpie's attack is the latest example. Digital asset users lost approximately $2 billion in scams, hacks, and exploits throughout 2023, as reported by De.fi earlier.#Penpie #DeFi #crypto #hack #exploit #Pendle #ETH #sUSDE #USDC #TornadoCash #PNP #PENDLE #BTC #2023 #scams #digitalassets
🚀 Starlink Complies With Brazilian Court Order To Block Social Media Platform X
#Starlink #Brazil #CourtOrder #SocialMedia #ElonMusk #JusticeMoraes #LegalDispute #XPlatform #Compliance #ConstitutionalChallenge
According to Cointelegraph, Starlink, the satellite company controlled by SpaceX CEO Elon Musk, announced its compliance with a Brazilian court order to block the social media platform X in the country. The decision follows a legal dispute involving one of Brazil's Supreme Court Justices, Alexandre de Moraes. On August 30, Moraes ordered the suspension of X in Brazil after Musk refused to appoint a legal representative for the company's operations in the country. This decision was later upheld by a panel of five Justices.
In a post on X dated September 3, Starlink described the court ruling as 'illegal,' specifically targeting Justice Moraes. Despite expressing disagreement with the ruling, Starlink stated, 'Regardless of the illegal treatment of Starlink in freezing of our assets, we are complying with the order to block access to X in Brazil.' The company also mentioned that it is exploring all legal avenues to challenge the decision, asserting that Moraes' recent orders violate the Brazilian constitution.
This is a developing story, and further updates will be provided as more information becomes available.#Starlink #Brazil #CourtOrder #SocialMedia #ElonMusk #JusticeMoraes #LegalDispute #XPlatform #Compliance #ConstitutionalChallenge
🚀 Bitcoin(BTC) Surpasses 58,000 USDT with a Narrowed 1.81% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata
On Sep 03, 2024, 22:14 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 58,000 USDT benchmark and is now trading at 58,009.988281 USDT, with a narrowed narrowed 1.81% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata
🚀 Pendle Confirms Funds Are Safe Amid Penpie Security Vulnerability
#Pendle #Penpie #SecurityVulnerability #FundsSafety #Blockchain #CryptoSecurity #PENDLE
According to BlockBeats, on September 4, Pendle's official statement confirmed that funds on the Pendle platform remain secure following a thorough investigation. However, a security vulnerability was identified in Penpie, an independent protocol built on top of Pendle. As a precautionary measure, Pendle has temporarily suspended all contract operations and is maintaining close communication with the Penpie team to assist in resolving the issue promptly.#Pendle #Penpie #SecurityVulnerability #FundsSafety #Blockchain #CryptoSecurity #PENDLE