🚀 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
🚀 USDC Treasury Mints 50 Million USDC Tokens
#USDC #Treasury #Minting #WhaleAlert #Blockchain #Cryptocurrency #Token
According to BlockBeats, on September 4, WhaleAlert monitoring detected the minting of 50 million USDC tokens (valued at $50,010,000) by the USDC Treasury at 15:50 UTC+8.#USDC #Treasury #Minting #WhaleAlert #Blockchain #Cryptocurrency #Token
🚀 UXLINK And DWF Announce Strategic Partnership
#UXLINK #DWF #StrategicPartnership #GlobalMarketing #CommunityDevelopment #EcosystemExpansion #MutualGrowth #Success
According to Odaily, UXLINK and DWF have officially announced their strategic partnership. The collaboration aims to enhance global marketing efforts, foster community development, and expand their ecosystem. Both companies are expected to leverage their strengths to achieve mutual growth and success in these areas.#UXLINK #DWF #StrategicPartnership #GlobalMarketing #CommunityDevelopment #EcosystemExpansion #MutualGrowth #Success
🚀 UXLINK And DWF Announce Strategic Partnership
#UXLINK #DWF #strategicpartnership #globalmarket #communitydevelopment #ecosystemexpansion
According to BlockBeats, on September 4, UXLINK and DWF announced that they have entered into a strategic partnership. The collaboration will focus on global market marketing, community development, and ecosystem expansion.#UXLINK #DWF #strategicpartnership #globalmarket #communitydevelopment #ecosystemexpansion
🚀 Bitcoin Mining Profitability Hits Record Low Amid Rising Difficulty
#Bitcoin #Mining #Profitability #Difficulty #MarketCapitalization #JPMorgan #Blockchain #Hashrate #Crypto #Economics #BTC
According to CoinDesk, Bitcoin mining profitability has reached a record low, as reported by JPMorgan in a recent research report. The aggregate market capitalization of U.S.-listed Bitcoin miners tracked by the bank fell by 15% last month. The report highlighted that mining difficulty increased by 9% from the previous month.
JPMorgan analysts Reginald Smith and Charles Pearce noted that Bitcoin miners earned an average of $43,600 per exahash per second (EH/s) in daily block reward revenue in August, marking the lowest point on record. This is a significant drop from the peak value of $342,000 in November 2021, when Bitcoin's price was $60,000 and the network hashrate was 161 EH/s.
The decline in mining stocks was attributed to the falling average price of Bitcoin for the third consecutive month and the rising network hashrate. The total market cap of the 14 U.S.-listed miners tracked by JPMorgan shrank to $20 billion, with only three miners outperforming Bitcoin during this period. The network hashrate, which serves as a proxy for competition and mining difficulty, averaged 631 EH/s in August, up 16 EH/s from the previous month and about 20 EH/s below pre-halving levels.
JPMorgan also noted that mining difficulty rose by 9% last month and is now 4% higher than before the halving. There was a brief spike in transaction fees in August, reaching as much as 120% of the block reward, which provided an incremental positive for miners. Additionally, Bitcoin's annualized volatility increased to 62% in August, up from 45% in July.#Bitcoin #Mining #Profitability #Difficulty #MarketCapitalization #JPMorgan #Blockchain #Hashrate #Crypto #Economics #BTC
🚀 Banks Interested In Bitcoin But Face Regulatory Hurdles, Says Cantor Fitzgerald CEO
#Bitcoin #RegulatoryHurdles #CantorFitzgerald #TradFi #FinancialInstitutions #Crypto #Investment #GlobalFinance #BTC
According to CoinDesk, Cantor Fitzgerald CEO Howard Lutnick has stated that traditional financial companies are eager to engage in bitcoin transactions as a new asset class but are hindered by current U.S. regulatory requirements. Lutnick highlighted that the regulatory environment is the primary reason banks do not hold bitcoin, as they would need to set aside an equivalent amount of their own money, effectively putting it 'in jail.' He emphasized that a favorable regulatory environment would lead to a significant increase in traditional financial companies investing in bitcoin.
Lutnick made these remarks in a post on X, noting that bitcoin is currently an 'outsider to the TradFi community' and is only beginning to integrate into global finance. He reiterated that if regulatory conditions were more accommodating, traditional financial institutions would fully embrace bitcoin.
Cantor Fitzgerald, which announced plans to open a bitcoin financing business in June, owns a substantial amount of bitcoin. The firm plans to launch its bitcoin financing business with $2 billion in lending, providing leverage to BTC holders. Additionally, Cantor Fitzgerald already manages U.S. Treasury trading with stablecoin issuer Tether.#Bitcoin #RegulatoryHurdles #CantorFitzgerald #TradFi #FinancialInstitutions #Crypto #Investment #GlobalFinance #BTC
🚀 BNB Surpasses 510 USDT with a Narrowed 4.24% Decrease in 24 Hours
#BNB #Binance #USDT #Cryptocurrency #MarketData #Trading #PriceDrop
On Sep 04, 2024, 09:03 AM(UTC). According to Binance Market Data, BNB has crossed the 510 USDT benchmark and is now trading at 510.100006 USDT, with a narrowed narrowed 4.24% decrease in 24 hours.#BNB #Binance #USDT #Cryptocurrency #MarketData #Trading #PriceDrop
🚀 Ethereum(ETH) Drops Below 2,400 USDT with a 4.17% Decrease in 24 Hours
#Ethereum #ETH #Cryptocurrency #Binance #USDT #MarketData #PriceDrop
On Sep 04, 2024, 09:07 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,400 USDT and is now trading at 2,398.850098 USDT, with a narrowed 4.17% decrease in 24 hours.#Ethereum #ETH #Cryptocurrency #Binance #USDT #MarketData #PriceDrop
🚀 Stablecoin Protocol Usual Confirms USD0 Pool Unaffected by Penpie Hack
#Stablecoin #Usual #Penpie #DeFi #Crypto #Hack #Pendle
According to Foresight News, the stablecoin protocol Usual has confirmed that its USD0 pool was not impacted by the recent Penpie hack. Earlier in August, Usual launched its second stablecoin on the Pendle platform. In the early hours of today, the DeFi protocol Penpie, also built on Pendle, suffered a hack resulting in the theft of approximately $27 million in crypto assets.#Stablecoin #Usual #Penpie #DeFi #Crypto #Hack #Pendle