🚀 PizzaSwap Testnet Relaunched After Maintenance
#PizzaSwap #Testnet #Relaunch #Maintenance #UniSat #Blockchain
According to BlockBeats, on September 4, UniSat announced that the maintenance of the PizzaSwap testnet has been completed and it is now back online.#PizzaSwap #Testnet #Relaunch #Maintenance #UniSat #Blockchain
🚀 DAI L2 Deployer Private Key Leak Raises Security Concerns
#DAI #L2 #PrivateKeyLeak #SecurityConcerns #Deployer #Honeypot #Optimism #Arbitrum #Mainnet #ContractAddress
According to Foresight News, SlowMist founder Yu Jian has revealed that the private key for the DAI L2 deployer has been compromised. This breach has resulted in some recently deployed L2 DAI contract addresses being controlled by attackers, turning them into honeypot addresses. While there are no associated risks on the Optimism or Arbitrum networks, other networks may be at risk. The mainnet DAI contract remains secure.#DAI #L2 #PrivateKeyLeak #SecurityConcerns #Deployer #Honeypot #Optimism #Arbitrum #Mainnet #ContractAddress
🚀 D20 Labs Acquires Web3 Game Sugartown From Zynga
#D20Labs #Web3 #Sugartown #Zynga #TakeTwoInteractive #BlockchainGaming #GameAcquisition #GamingIndustry
According to BlockBeats, on September 4, blockchain gaming platform D20 Labs announced the acquisition of all products and assets related to the Web3 game Sugartown from Zynga, a subsidiary of gaming giant Take-Two Interactive. The company has also formed a team comprising top talents from both Web2 and Web3 gaming sectors.
Previously, BlockBeats reported that on August 15, 2023, Take-Two Interactive Software, known for the Grand Theft Auto series, was launching its first Web3 game, Sugartown, through its subsidiary Zynga.#D20Labs #Web3 #Sugartown #Zynga #TakeTwoInteractive #BlockchainGaming #GameAcquisition #GamingIndustry
🚀 US Treasury Yields Continue to Rise Amid Fed Rate Cut Expectations
#USTreasuryYields #FedRateCut #BondMarket #InterestRates #NonFarmPayroll #JobGrowth #Economy #LaborMarket #FinancialNews
According to BlockBeats, on September 4, Tuesday, U.S. Treasury yields continued their upward trend, with the two-year Treasury yield dropping from over 5% at the end of April to around 3.85%. This four-month rise marks the longest continuous increase since 2021.
This movement is driven by market expectations that the Federal Reserve will lower its benchmark interest rate by more than two percentage points within the next 12 months. Such a reduction would be the largest outside of economic downturns since the 1980s.
For bond bulls, this scenario presents a risk: if the labor market, which showed significant cooling in July, remains resilient, the Federal Reserve may opt for a more gradual pace of rate cuts. The first major test of this will come on Friday when the U.S. government releases the non-farm payroll data for August. Economists anticipate that the report will show a rebound in job growth and a decrease in the unemployment rate.#USTreasuryYields #FedRateCut #BondMarket #InterestRates #NonFarmPayroll #JobGrowth #Economy #LaborMarket #FinancialNews
🚀 Former Mt. Gox CEO To Launch New Cryptocurrency Exchange EllipX
#MtGox #EllipX #cryptocurrency #MarkKarpeles #exchange #transparency #userfriendly #Poland
According to Odaily, former Mt. Gox CEO Mark Karpeles is set to launch a new cryptocurrency exchange platform named EllipX later this month. The platform, which will be headquartered in Poland, aims to prioritize transparency and user-friendliness. Karpeles has indicated that the structure of EllipX will be similar to that of the New York Stock Exchange but tailored specifically for cryptocurrencies. To ensure transparency, Karpeles plans to separate the different operational entities within the exchange.#MtGox #EllipX #cryptocurrency #MarkKarpeles #exchange #transparency #userfriendly #Poland
🚀 Blast Announces Mobile Big Bang Bootcamp With $250,000 Funding Support
#Blast #MobileBigBangBootcamp #FundingSupport #DevelopmentTeams #BlastFoundation #BlastGold #Mainnet #Investment #TechStartups #Entrepreneurship
According to Foresight News, Blast has announced the launch of the Mobile Big Bang Bootcamp, scheduled to run from October 14 to December 20, 2024. This 10-week program aims to support selected development teams with $250,000 in funding, assistance from the Blast Foundation, and 1 million Blast Gold, which will be included in the multiplier upon the launch of the Blast mainnet. Projects interested in building on Blast or those already doing so can apply, with the application deadline set for September 30.
Blast stated that for companies that have never raised funds before, it will invest at a post-money valuation of $15 million. For companies that have already raised funds or are in the process of doing so, the investment terms will generally follow the same terms as the previous or current funding round.#Blast #MobileBigBangBootcamp #FundingSupport #DevelopmentTeams #BlastFoundation #BlastGold #Mainnet #Investment #TechStartups #Entrepreneurship
🚀 ZA Bank Records First Monthly Profit in July
#ZABank #MonthlyProfit #FinancialSuccess #CustomerGrowth #OperationalEfficiency #Profitability #MarketConditions #SustainableProfitability
According to BlockBeats, on September 4, ZA Bank's Acting CEO Wu Zhonghao announced that the bank achieved its first monthly profit in July. This milestone was attributed to the expansion of its customer base and the operational efficiencies gained from this growth. Additionally, a strategic shift made approximately a year and a half ago, moving away from relying solely on high-interest deposits to attract customers, contributed to this financial success.
Despite the uncertain market conditions, Wu Zhonghao expressed cautious optimism about maintaining profitability in the second half of the year. He remains confident in the bank's ability to achieve sustainable long-term profitability.#ZABank #MonthlyProfit #FinancialSuccess #CustomerGrowth #OperationalEfficiency #Profitability #MarketConditions #SustainableProfitability
🚀 Ripple CEO Announces Imminent Launch Of New Stablecoin
#Ripple #Stablecoin #BradGarlinghouse #Blockchain #Cryptocurrency #SEC #GaryGensler #OpenSea #KoreaBlockchainWeek
According to Odaily, Ripple CEO Brad Garlinghouse revealed during a fireside chat at Korea Blockchain Week that the company plans to launch its new stablecoin within 'weeks, not months.' Garlinghouse also criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler's stance on cryptocurrencies, describing the situation faced by OpenSea as 'regrettable.' Despite these challenges, Garlinghouse expressed greater optimism about the future of cryptocurrencies over the next five years than ever before.#Ripple #Stablecoin #BradGarlinghouse #Blockchain #Cryptocurrency #SEC #GaryGensler #OpenSea #KoreaBlockchainWeek
🚀 Vitalik Buterin Unlocks 1.268 Million STRK Tokens Worth $470,000
#VitalikButerin #STRKTokens #Starknet #Ethereum #CryptoNews #TokenUnlock
According to BlockBeats, on September 4, Ethereum co-founder Vitalik Buterin unlocked 1.268 million STRK tokens from the Starknet LockedTokenGrant contract at 13:15 UTC+8. The unlocked tokens are valued at approximately $470,000.
Currently, Buterin's address holds a total of 2.113 million STRK tokens, which are worth around $780,000.#VitalikButerin #STRKTokens #Starknet #Ethereum #CryptoNews #TokenUnlock
🚀 Sky Co-Founder Discusses Potential Decentralized Appeal Process for USDS
#Sky #USDS #Decentralized #Cryptocurrency #Stablecoin #Governance #Transparency #Legal #Regulatory #Blockchain
According to BlockBeats, on September 4, Rune, co-founder of Sky (formerly Maker), discussed the possibility of implementing a decentralized appeal process for the new cryptocurrency stablecoin USDS as part of its freezing function.
USDS will not have a freezing function upon its launch. However, if the governing body decides to add this feature, it can be upgraded. Should this function be implemented, users whose USDS are frozen could leverage decentralized governance to ensure transparency and due process.
Rune mentioned that it is unclear when or if the USDS freezing function will be introduced. He emphasized that it would require extensive legal, political, and regulatory analysis, as well as a thorough design process completed by Sky's decentralized governance body.#Sky #USDS #Decentralized #Cryptocurrency #Stablecoin #Governance #Transparency #Legal #Regulatory #Blockchain
🚀 SunPump Completes $8 Million SUN Token Burn, Plans Additional $4 Million Burn
#SunPump #SUNTokens #TokenBurn #JustinSun #Cryptocurrency
According to Odaily, Justin Sun announced on the X platform that SunPump has successfully completed an $8 million burn of SUN tokens. Additionally, there is a plan to execute another $4 million burn in the near future.#SunPump #SUNTokens #TokenBurn #JustinSun #Cryptocurrency
🚀 US Treasury Bonds Expected to Extend Gains, Says Analyst
#USTreasuryBonds #MarketTrends #SafeHavenAssets #FederalReserve #InterestRates #CurveSteepening #CorporateBonds #FinancialAnalysis
According to BlockBeats, on September 4, Pepperstone Senior Research Strategist Michael Brown stated in a report that U.S. Treasury bonds might continue their upward trend from Tuesday. The gains on Tuesday were led by long-term bonds, although they might be somewhat restrained by the issuance of a large number of new corporate bonds.
Brown noted that while the demand for safe-haven assets might sustain these gains, if this demand persists over the next few trading days, the market could start to reprice the Federal Reserve's outlook in a more hawkish direction. This could lead to another sell-off in short-term Treasury bonds and a new round of curve steepening.
He added that the current expectations in the money market for the Federal Reserve to cut interest rates by 100 basis points by the end of the year remain overly optimistic.#USTreasuryBonds #MarketTrends #SafeHavenAssets #FederalReserve #InterestRates #CurveSteepening #CorporateBonds #FinancialAnalysis
🚀 UN Expresses Human Rights Concerns Over Telegram Founder’s Arrest
#HumanRights #Telegram #PavelDurov #UnitedNations #SocialMediaRegulation
According to Odaily, the United Nations has expressed serious human rights concerns regarding the arrest and charges against Telegram messaging app founder Pavel Durov. During a briefing on Tuesday, a UN spokesperson emphasized the importance of adhering to international human rights standards. The spokesperson highlighted the necessity for legality and proportionality when regulating social media platforms.#HumanRights #Telegram #PavelDurov #UnitedNations #SocialMediaRegulation
🚀 Ronin Bridge Reopens After Security Audits
#RoninBridge #SecurityAudits #RoninNetwork #Blockchain #Cryptocurrency #BridgingSolution
According to Odaily, Ronin Network has announced the reopening of the Ronin Bridge. The bridge has successfully undergone two external security audits. Moving forward, the Ronin Bridge contract code will not receive any routine updates. The network plans to transition the operation and maintenance of the bridge functionality to a professional bridging solution.#RoninBridge #SecurityAudits #RoninNetwork #Blockchain #Cryptocurrency #BridgingSolution
🚀 BlackRock Becomes Largest Institutional Bitcoin Holder
#BlackRock #Bitcoin #InstitutionalHolding #MicroStrategy #Grayscale #Fidelity #Tether #ARKInvest #MarathonDigital #Cryptocurrency
According to Odaily, as of September 1, 2024, BlackRock's IBIT has emerged as the world's largest institutional Bitcoin holder, possessing 357,509 Bitcoins. MicroStrategy has surpassed Grayscale's GBTC, holding 226,500 Bitcoins compared to GBTC's 225,671, securing the second position. Fidelity's FBTC ETF ranks fourth with 178,349 Bitcoins, while stablecoin giant Tether holds 75,354 Bitcoins, placing it fifth. Other notable institutional holders include ARK Invest/21 Shares' ARKB with 37,147 Bitcoins and Bitcoin mining company Marathon Digital with 25,000 Bitcoins. It is noteworthy that MicroStrategy announced earlier this year its transformation into a 'Bitcoin development company,' making it the largest known institutional holder before the emergence of Bitcoin ETFs.#BlackRock #Bitcoin #InstitutionalHolding #MicroStrategy #Grayscale #Fidelity #Tether #ARKInvest #MarathonDigital #Cryptocurrency
🚀 Whale Increases ETH Holdings Through Strategic Trading Moves
#ETH #Ethereum #whale #trading #crypto #investing #blockchain
According to BlockBeats, a notable Ethereum (ETH) whale has recently executed a series of strategic trades, significantly increasing their ETH holdings. Two hours ago, the whale spent $12.11 million to purchase 5,093 ETH. This move follows a pattern of buying low and selling high, which has allowed the whale to grow their ETH stash from 3,586 to 5,515 ETH.
The whale's trading activities began on May 21, when they sold 3,586 ETH at $3,667 each, netting $13.15 million. Subsequently, they used this amount to buy back 5,236 ETH at $2,512 per coin. On September 2, the whale sold 4,818 ETH at $2,514 each, converting it into $12.11 million. After a market dip, they repurchased 5,093 ETH at $2,378 per coin today. These calculated trades have effectively increased their ETH holdings from 3,586 to 5,515 ETH.#ETH #Ethereum #whale #trading #crypto #investing #blockchain
🚀 GSR Markets Receives 10 Million EDU Tokens From Open Campus
#GSRMarkets #EDUTokens #OpenCampus #CryptoTransfer #CEX #TokenSales #BlockBeats
According to BlockBeats, on September 4, monitoring by ai_9684xtpa revealed that GSR Markets' associated address 0x562 received 10 million EDU tokens, valued at $5.33 million, from an Open Campus multi-signature address four hours ago. Over the past seven months, this multi-signature address has cumulatively transferred 28 million EDU tokens (approximately $22.33 million) to GSR. Following each transfer, the tokens are gradually deposited into centralized exchanges (CEX), suggesting potential sales.#GSRMarkets #EDUTokens #OpenCampus #CryptoTransfer #CEX #TokenSales #BlockBeats
🚀 Ethereum Rebounds Above $2400, Narrowing 24-Hour Decline
#Ethereum #crypto #blockchain #rebound #cryptocurrency #priceanalysis #ETH
According to BlockBeats, on September 4, Ethereum experienced a rebound, surpassing the $2400 mark. The current price stands at $2401, with the 24-hour decline narrowing to 4.8%.#Ethereum #crypto #blockchain #rebound #cryptocurrency #priceanalysis #ETH
🚀 Volmex Finance Launches New Implied Volatility Index For SOL Token
#VolmexFinance #SOLToken #ImpliedVolatilityIndex #CryptoDerivatives #VolatilityTrading #PriceFluctuations #Traders #Futures #Options
According to BlockBeats, on September 4, CoinDesk reported that the crypto derivatives protocol Volmex Finance introduced a new implied volatility index for the SOL token on Tuesday. This index serves as a method to measure the expected price fluctuations of SOL. Volmex stated that the SVIV index gauges the anticipated volatility of SOL over the next 14 days, adding that traders can monitor this index to understand the potential price swings of SOL in either direction over the upcoming two weeks. Volmex also mentioned plans to eventually launch longer-term implied volatility indices for SOL, including a widely tracked 30-day index and related derivatives, enabling market participants to bet on volatility.
Volatility trading refers to profiting from the degree of price fluctuations rather than the direction of the price. Traders use tools such as options tied to the underlying asset and futures linked to volatility indices to bet on or hedge against volatility.#VolmexFinance #SOLToken #ImpliedVolatilityIndex #CryptoDerivatives #VolatilityTrading #PriceFluctuations #Traders #Futures #Options
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🚀 Conflux Network Partners With Alibaba Cloud To Revolutionize Hong Kong's Industries Using Web3 Technology
#ConfluxNetwork #AlibabaCloud #Web3 #HongKong #Cyberport #Retail #Tourism #Entertainment #Art #Education #Innovation #Ecosystem #Partnership #Blockchain #Industry #Technology #CFX
According to BlockBeats, on September 4, Conflux Network announced a partnership with Alibaba Cloud to leverage Web3 technology to transform Hong Kong's retail, tourism, entertainment, art, and education sectors, bringing innovative Web3 solutions to businesses in the region.
Cyberport, recognized as Hong Kong's Web3 hub and the launchpad for Conflux Network, is dedicated to fostering a robust Web3 ecosystem. Last year, it received a significant boost with a HKD 50 million grant from the Hong Kong Special Administrative Region Government. This funding aims to accelerate the development of the Web3 ecosystem, nurture talent, drive industry progress, and raise public awareness of Web3 technology. Since the establishment of Web3Hub, the initiative has attracted approximately 230 Web3 companies from over 15 countries and regions.
The collaboration between Conflux and Alibaba Cloud is set to cultivate a thriving Web3 ecosystem in Hong Kong, with the goal of providing comprehensive solutions that enhance business value across various industries. This partnership aims to enable businesses of all sizes to adopt Web3 technology, with Cyberport offering the necessary resources and guidance to support the growth of both large enterprises and startups.#ConfluxNetwork #AlibabaCloud #Web3 #HongKong #Cyberport #Retail #Tourism #Entertainment #Art #Education #Innovation #Ecosystem #Partnership #Blockchain #Industry #Technology #CFX