🚀 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
🚀 Skate Launches On TON Network, Expands Multi-Chain Capabilities
#Skate #TONNetwork #MultiChain #EVM #NonEVM #ApplicationDevelopment #BlockchainIntegration #Solana #Eclipse
According to Odaily, Skate has officially launched on the TON network. Skate's stateless application infrastructure allows applications to run in a single state across both EVM and non-EVM chains simultaneously. This feature enables developers to build applications on Skate without being restricted by virtual machines, making it compatible with all chains.
Skate has announced that users who try the new TON integration will receive additional Ollies points. Furthermore, Skate plans to integrate with Solana and Eclipse in the near future.#Skate #TONNetwork #MultiChain #EVM #NonEVM #ApplicationDevelopment #BlockchainIntegration #Solana #Eclipse
🚀 WOO Locks $45 Million Tokens, Signaling New Era of Decentralized Treasury Management
#WOO #DeFi #DecentralizedFinance #TreasuryManagement #TokenEconomics #CommunityGovernance #Transparency #Cryptocurrency #MarketConfidence
According to Odaily, WOO ecosystem has announced the locking of $45 million worth of undistributed WOO tokens in its treasury. This move marks the official end of the WOO token supply phase and heralds a new era of decentralized treasury management. The decision to lock all reserved tokens aims to ensure that token releases are tied to the project's actual performance and community governance levels, thereby avoiding potential inflation risks and boosting market confidence.
The new token economic structure reflects WOO's commitment to transparency and decentralization, ensuring that all future developments and decisions will involve active community participation. This initiative lays a solid foundation for WOO's continued growth and innovation.#WOO #DeFi #DecentralizedFinance #TreasuryManagement #TokenEconomics #CommunityGovernance #Transparency #Cryptocurrency #MarketConfidence
🚀 Everclear Launches L2 Re-Staking Service With Significant Growth
#Everclear #ReStaking #Blockchain #Layer2 #ETH #ChainAbstraction #TotalValueLocked #GasFees #DeFi #Crypto #REZ
According to BlockBeats, on September 4, blockchain interoperability platform Everclear, formerly known as Connext, announced the launch of Renzo's L2 re-staking service based on its chain abstraction technology. The service has already achieved significant milestones, including over $1 billion in Total Value Locked (TVL), a tenfold increase in unique externally owned account (EOA) addresses, and a 90% reduction in gas fees.
Everclear's solution allows Renzo users to re-stake ETH directly on Layer 2 (L2), thereby retaining liquidity within the L2 ecosystem. This eliminates the need for users to bridge back to the mainnet, avoiding high gas fees and enhancing the overall user experience.#Everclear #ReStaking #Blockchain #Layer2 #ETH #ChainAbstraction #TotalValueLocked #GasFees #DeFi #Crypto #REZ
🚀 Ripple CEO Predicts SEC Chair Departure Regardless Of 2024 Election Outcome
#Ripple #SEC #GaryGensler #BradGarlinghouse #cryptocurrency #2024Election #bipartisan #technology #legalbattle
According to BlockBeats, Ripple Labs CEO Brad Garlinghouse has made a bold prediction that regardless of the outcome of the 2024 U.S. presidential election, SEC Chairman Gary Gensler will step down. Garlinghouse expressed his willingness to make a 'gentleman's bet' that Gensler's term will not continue, no matter who takes office in the White House.
Since 2020, Ripple has been embroiled in a legal battle with the SEC. In the context of the upcoming November election, Garlinghouse discussed U.S. cryptocurrency policy, emphasizing that technology should bridge political divides. He anticipates that as the election progresses, technology will foster bipartisan cooperation. He noted that while Republicans have taken a more proactive stance on cryptocurrency, several key Democrats also view these technologies as crucial for maintaining America's leadership in the tech sector.#Ripple #SEC #GaryGensler #BradGarlinghouse #cryptocurrency #2024Election #bipartisan #technology #legalbattle
🚀 Spacecoin Plans to Launch Nano Satellites for High-Speed Internet in Underserved Areas
#Spacecoin #NanoSatellites #HighSpeedInternet #UnderservedAreas #DePIN #Blockchain #DataTransmission #Cryptocurrency #5GNetwork #DigitalDivide
According to Odaily, the DePIN project Spacecoin aims to provide high-speed internet services to underdeveloped regions by launching nano satellites. The initiative has garnered support from U.S. military generals, lunar scientists, NASA astronauts, and blockchain industry experts. Spacecoin intends to use blockchain technology to manage data transmission, allowing users to pay network fees with cryptocurrency. The first satellite, CTC-0, is scheduled for launch in the fourth quarter of 2024. The project's goal is to establish a global 5G network at a lower cost, thereby helping to bridge the digital divide.#Spacecoin #NanoSatellites #HighSpeedInternet #UnderservedAreas #DePIN #Blockchain #DataTransmission #Cryptocurrency #5GNetwork #DigitalDivide
🚀 PinGo To Launch Free NFT Minting Event For Prime Punny Series
#PinGo #NFT #PrimePunny #minting #TON #cryptocurrency #blockchain #whitelist
According to Foresight News, TON ecosystem's DePIN and AI computing project PinGo will open the free minting of its NFT series, Prime Punny, on September 4 at 22:00 (UTC+8). Whitelisted users will be able to participate in this event. The total supply of the Prime Punny NFT series is 10,000, with 500 slots available in this round to incentivize ecosystem participants. Users can interact with the Telegram PinGo Punny mini-program to obtain PUNNY and whitelist qualifications.#PinGo #NFT #PrimePunny #minting #TON #cryptocurrency #blockchain #whitelist
🚀 BNB Drops Below 500 USDT with a 6.42% Decrease in 24 Hours
#BNB #Bitcoin #cryptocurrency #Binance #USDT #marketdata #trading #pricechange
On Sep 04, 2024, 10:19 AM(UTC). According to Binance Market Data, BNB has dropped below 500 USDT and is now trading at 498.600006 USDT, with a narrowed 6.42% decrease in 24 hours.#BNB #Bitcoin #cryptocurrency #Binance #USDT #marketdata #trading #pricechange
🚀 Tether Partners With Mahidol University International College To Enhance Financial Education
#Tether #MahidolUniversity #financialeducation #stablecoins #blockchain #P2P #collaboration #education
According to Foresight News, Tether, the issuer of USDT, has announced a memorandum of understanding (MoU) with Mahidol University International College (MUIC) in Thailand. This collaboration aims to integrate stablecoins, blockchain, and peer-to-peer (P2P) technologies into MUIC's curriculum. The initiative will include workshops, guest lectures, and research projects to bolster financial education and community engagement.#Tether #MahidolUniversity #financialeducation #stablecoins #blockchain #P2P #collaboration #education
🚀 BNB Falls Below 500 USDT With 6.66% Drop in 24 Hours
#BNB #USDT #cryptocurrency #marketdata #decline
According to Odaily, market data indicates that BNB has fallen below 500 USDT. The current price stands at 498 USDT, marking a 6.66% decline over the past 24 hours.#BNB #USDT #cryptocurrency #marketdata #decline
🚀 Grayscale Research Highlights Bitcoin's Potential Amid Weak Dollar And Low Interest Rates
#GrayscaleResearch #Bitcoin #WeakDollar #LowInterestRates #AlternativeCurrency #RecessionRisks #Investors #EconomicDownturn #MonetaryPolicy #FiscalPolicy #BTC
According to Odaily, Grayscale Research recently stated that a weakening dollar and continued low interest rates could benefit Bitcoin. Similar to physical gold, Bitcoin serves as an alternative currency system competing with the dollar in the international market. The research team also noted that the primary downside risk for cryptocurrency valuations is a further rise in unemployment and a potential recession. Therefore, investors should closely monitor upcoming labor market data, including the next monthly employment report scheduled for release on September 6.
Despite the recession risks, Grayscale Research believes that there is little tolerance for a significant economic downturn. Policymakers are likely to intervene at the first signs of trouble by injecting liquidity and promoting consumption. The lack of discipline in monetary and fiscal policies is one reason some investors choose to invest in Bitcoin. Consequently, periods of economic weakness may further highlight Bitcoin's long-term investment value.#GrayscaleResearch #Bitcoin #WeakDollar #LowInterestRates #AlternativeCurrency #RecessionRisks #Investors #EconomicDownturn #MonetaryPolicy #FiscalPolicy #BTC
🚀 Victim Loses $397,831 Due To Phishing Signature Scam
#PhishingScam #CryptoScam #OwnershipFraud #DSProxy #FinancialLoss #CyberSecurity #ScamAlert #Cryptocurrency
According to Odaily, a victim has lost $397,831 after signing a 'setOwner' phishing signature that altered the ownership of their DSProxy. ScamSniffer reported this incident on platform X, highlighting the significant financial impact of such scams.
In a previous report by ScamSniffer in August, it was revealed that crypto phishing scams resulted in losses amounting to $63 million during the month. Among these incidents, one victim suffered a staggering loss of up to $55 million due to a proxy ownership scam. This underscores the growing threat and sophistication of phishing attacks in the cryptocurrency space.#PhishingScam #CryptoScam #OwnershipFraud #DSProxy #FinancialLoss #CyberSecurity #ScamAlert #Cryptocurrency
🚀 Mysten Labs Develops Offline Crypto Transactions Using Radio Waves
#MystenLabs #CryptoTransactions #RadioWaves #SuiBlockchain #IoT #DePIN #ChipWireless #Africa #SUI
According to Odaily, Mysten Labs co-founder Adeniyi Abiodun revealed in an interview with Cointelegraph that the company has completed research on enabling offline crypto transactions using radio waves. This innovation allows the Sui blockchain to transmit transactions using underwater waves and long-distance radio, and even compress transactions into smaller text messages. Abiodun stated that Sui has already tested this method and found it effective. The current focus is on integrating this technology into Internet of Things (IoT) devices, which could also benefit decentralized physical infrastructure (DePIN) projects. Sui is collaborating with Canadian mobile service provider Chip Wireless to test these ideas and is considering expanding to target markets such as Africa.#MystenLabs #CryptoTransactions #RadioWaves #SuiBlockchain #IoT #DePIN #ChipWireless #Africa #SUI