🚀 SolSpider Completes Comprehensive Technical Upgrade
#SolSpider #Web3 #metaverse #technicalupgrade #smartcontracts #UIoptimization #userexperience #security #SolChain #marketingfeatures
According to Odaily, Web3 metaverse platform SolSpider has announced the completion of a comprehensive technical upgrade. This upgrade includes enhancements to smart contracts and UI interface optimization, aimed at improving user visual experience and exploration enjoyment, as well as enhancing the security of smart contracts.
Additionally, SolSpider has introduced new marketing features. Supported by the robust capabilities of SolChain, the operational efficiency, overall security, and reliability of SolSpider have been significantly improved.#SolSpider #Web3 #metaverse #technicalupgrade #smartcontracts #UIoptimization #userexperience #security #SolChain #marketingfeatures
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🚀 Ether Futures Volume Declines As Bitcoin Gains Traction
#EtherFutures #Bitcoin #CME #Cryptocurrency #ETFs #TradingVolume #InstitutionalInterest #DigitalAssets #MarketTrends #Investment #ETH
According to CoinDesk, trading volumes for ether futures on the Chicago Mercantile Exchange (CME) saw a significant decline in August, while bitcoin futures experienced an uptick. This shift reflects a broader trend of investors moving away from alternative cryptocurrencies and gravitating towards bitcoin.
The introduction of exchange-traded funds (ETFs) tied to ether prices in the U.S. in late July provided a new avenue for investors to gain exposure to the cryptocurrency without the need for direct storage. However, data from CCData, a digital assets data provider, indicates that activity in ether derivatives on CME has cooled since then. Ether futures trading volume dropped by 28.7% to $14.8 billion in August, marking the lowest level since December 2023. Additionally, ether options volume fell by 37% to $567 million.
CCData noted that the decline in trading volumes for ether instruments suggests lower-than-expected institutional interest, particularly following the launch of spot ETH ETFs. The reduced inflows into these ETFs in August further support this trend. Seasonal factors may have also contributed to the decreased trading activity, with expectations that this trend could continue into September.
Before the introduction of spot ETFs, futures and futures-based ETFs were the primary regulated options for traditional institutions in the U.S. Spot products are generally seen as superior to futures-based ETFs, which are susceptible to #EtherFutures #Bitcoin #CME #Cryptocurrency #ETFs #TradingVolume #InstitutionalInterest #DigitalAssets #MarketTrends #Investment #ETH
🚀 AirDAO Claims Superior Performance Over Cardano
#AirDAO #Cardano #blockchain #transactions #TPS #AMB #marketcapitalization #cryptocurrency #blockconfirmation #development
According to BlockBeats, on September 5, official sources reported that the Layer1 blockchain AirDAO has stated its maximum transactions per second (TPS) is 17 times higher than that of the Cardano blockchain. Additionally, AirDAO's block confirmation time is reportedly 73.24% faster than Cardano's.
Currently, the market capitalization of AirDAO's token, AMB, stands at $21.9 million. The official announcement also hinted at significant upcoming developments for the platform.#AirDAO #Cardano #blockchain #transactions #TPS #AMB #marketcapitalization #cryptocurrency #blockconfirmation #development
🚀 Howard Marks Predicts US Interest Rates To Stabilize Between 3% And 4%
#HowardMarks #OaktreeCapital #InterestRates #FederalReserve #FinancialForecast #MelbourneConference
According to Odaily, Howard Marks of Oaktree Capital has forecasted that following the Federal Reserve's rate cuts, U.S. interest rates will stabilize between 3% and 4%. Marks, who is the co-chairman and co-founder of Oaktree Capital, made this statement during a conference in Melbourne on Thursday. He indicated that the Federal Reserve would lower the rates from the current emergency levels of 5.25% to 5.5% down to around 3%. Marks emphasized his belief that the rates would remain at approximately 3%, and would not revert to zero, 0.5%, or 1%.#HowardMarks #OaktreeCapital #InterestRates #FederalReserve #FinancialForecast #MelbourneConference
🚀 Blockstream Mining Launches Third Round Of Tokenized Note Sales
#Blockstream #Mining #TokenizedNotes #Bitcoin #ComputingPower #BMN2 #CryptoSales #Blockchain
According to BlockBeats, Blockstream Mining has announced the commencement of the third round of sales for its tokenized notes, which are backed by computing power. Participants in this round will have the opportunity to earn a portion of Bitcoin generated from the company's mining activities over the next four years. The previous two rounds of BMN2 notes raised approximately $7 million in total. The third round is priced at $31,000, with holders receiving Bitcoin produced by 1 PH/s of computing power per second. A company spokesperson mentioned in an interview that this sales round will last for three weeks. Blockstream aims to raise $10 million in this latest round.#Blockstream #Mining #TokenizedNotes #Bitcoin #ComputingPower #BMN2 #CryptoSales #Blockchain
🚀 Y Combinator Introduces Kontigo, A USDC Digital Bank For Latin America
#YCombinator #Kontigo #DigitalBank #USDC #LatinAmerica #BTC #GlobalWallet #AI #Fintech #Investors
According to Foresight News, Silicon Valley incubator Y Combinator has announced the launch of Kontigo, a USDC-based smart digital bank aimed at the Latin American market. Kontigo offers a global wallet with BTC savings accounts and has released applications for both Android and iOS platforms. The digital wallet can be connected to an AI-private banker on WhatsApp, enhancing user experience and convenience. Kontigo has garnered support from notable investors including DST Global, Soma Capital, Pioneer Fund, Transpose, HF0, Founders, Inc., Orange DAO, and Optimism.#YCombinator #Kontigo #DigitalBank #USDC #LatinAmerica #BTC #GlobalWallet #AI #Fintech #Investors
🚀 Dormant Bitcoin Address Transfers 31.9 BTC After 11 Years
#Bitcoin #BTC #Cryptocurrency #Blockchain #Investing #Profit #DormantAddress
According to BlockBeats, a Bitcoin address that had been inactive for over 11 years transferred its entire holding of 31.9 BTC today at 18:06:06 UTC+8. The total value of the transferred Bitcoin is approximately $1.8146 million.
Based on the current Bitcoin price, the address has realized a profit of around $1.814 million.#Bitcoin #BTC #Cryptocurrency #Blockchain #Investing #Profit #DormantAddress
🚀 Mastercard Partners With Mercuryo To Launch Euro-Denominated Debit Card
#Mastercard #Mercuryo #Cryptocurrency #DebitCard #EuroDenominated #NonCustodialWallets #CryptoPayments #FinancialServices
According to Foresight News, Mastercard has partnered with European crypto payment infrastructure provider Mercuryo to introduce a euro-denominated debit card. This card enables users to make purchases directly using cryptocurrencies stored in non-custodial wallets. The service will incur certain fees, including a €1.6 issuance fee, a €1 monthly maintenance fee, and a 0.95% withdrawal fee charged by Mercuryo.#Mastercard #Mercuryo #Cryptocurrency #DebitCard #EuroDenominated #NonCustodialWallets #CryptoPayments #FinancialServices
🚀 Singapore Teen Attacked During Cryptocurrency Exchange Attempt
#Singapore #cryptocurrency #USDT #robbery #trader #Telegram #police #crime #security
According to BlockBeats, a 19-year-old cryptocurrency trader in Singapore was ambushed by two men while attempting to exchange 32,000 Singapore dollars (approximately 24,000 USD) for USDT. The incident occurred on August 29 when the trader, known only as 'ZK,' met with the sellers in a parking lot. During the transaction, one of the men punched ZK in the face, prompting him to flee to a nearby shopping mall while calling for help. The attackers pursued him but eventually lost track of him. ZK then reported the incident to the police.
The transaction was arranged via Telegram, and although ZK had never dealt with the seller before, he proceeded with the exchange because he needed USDT and the seller was the only one who contacted him. ZK preferred a face-to-face transaction to save on fees, stating that the costs associated with his trading frequency were unreasonable. Initially, the parties agreed to meet in a public mall where ZK would hand over the cash and the seller would transfer the USDT to his wallet. However, the seller changed the meeting location to a nearby parking lot at the last minute.
Singapore police have since arrested two men, aged 20 and 21, in connection with the attempted robbery.#Singapore #cryptocurrency #USDT #robbery #trader #Telegram #police #crime #security
🚀 Aave Community Votes On Introducing USDS And sUSDS To Aave V3
#Aave #USDS #sUSDS #AaveV3 #crypto #governance #DAI #sDAI #blockchain
According to BlockBeats, on September 5, the Aave community initiated a proposal to introduce USDS and sUSDS tokens into Aave v3. The proposal, which is currently open for voting on the Snapshot governance page, aims to integrate these tokens, which are the rebranded versions of DAI and sDAI, into the Aave v3 platform. The voting process is set to conclude on September 6.#Aave #USDS #sUSDS #AaveV3 #crypto #governance #DAI #sDAI #blockchain
🚀 ZetaChain Launches Two-Month Harvest Event With Ecosystem Partners
#ZetaChain #HarvestEvent #EcosystemPartners #Layer1 #Blockchain #Symbiosis #EddyFinance #iZUMi #AccumulatedFinance #PufferFinance #SubstanceX #NativeFinance #Zearn #Bedrock
According to Foresight News, ZetaChain, a fully abstracted Layer 1 blockchain, has announced the commencement of a two-month harvest event in collaboration with its ecosystem partners. The event will feature projects such as Symbiosis, Eddy Finance, iZUMi, Accumulated Finance, Puffer Finance, SubstanceX, Native Finance, Zearn, and Bedrock. Currently, five out of the nine applications are already live.#ZetaChain #HarvestEvent #EcosystemPartners #Layer1 #Blockchain #Symbiosis #EddyFinance #iZUMi #AccumulatedFinance #PufferFinance #SubstanceX #NativeFinance #Zearn #Bedrock
🚀 DWF Labs Completes Design Of Synthetic Stablecoin
#DWF #Stablecoin #SyntheticAssets #Cryptocurrency #Blockchain #StablecoinDesign #InterestRates #Altcoins
According to Odaily, Andrei Grachev, co-founder of DWF Labs, announced on the X platform that the design of their synthetic stablecoin has been completed. The synthetic stablecoin will support collateral with varying annual interest rates, including USDt, USDc, DAI, USDe, BTC/ETH, blue-chip tokens (limited list), and long-tail altcoins (limited list).#DWF #Stablecoin #SyntheticAssets #Cryptocurrency #Blockchain #StablecoinDesign #InterestRates #Altcoins
🚀 Onocoy Association Secures $940,000 in Strategic Funding Round
#OnocoyAssociation #blockchain #GNSS #funding #GPS #DePIN #SmartIsland #decentralized #agriculture #construction #landmanagement #autonomoussystems
According to Odaily, the community-based blockchain global GNSS network Onocoy Association has successfully raised $940,000 in a strategic funding round. The round saw participation from GPS industry company Thomas Seiler and DePIN project Smart Island. With this latest funding, Onocoy's total financing has reached $4.2 million, although specific valuation details have not been disclosed.
Onocoy leverages blockchain technology to support shared infrastructure, providing professional-grade GNSS data. The newly acquired funds will be used to build a decentralized platform, expanding its applications into sectors such as agriculture, construction, land management, and autonomous systems.#OnocoyAssociation #blockchain #GNSS #funding #GPS #DePIN #SmartIsland #decentralized #agriculture #construction #landmanagement #autonomoussystems
🚀 ApeCoin Releases Q1 2024 Transparency Report Highlighting Treasury Status
#ApeCoin #Q12024 #TransparencyReport #TreasuryStatus #APE #CommunityActivities #AIP #Grants #OperationalExpenses
According to Odaily, ApeCoin has released its transparency report for the first quarter of 2024, covering the period from January to March. As of March 31, 2024, the key treasury status includes a holding of approximately 326 million APE, accounts payable amounting to 255,060 APE, and a reserve of 59 million APE for grants. There were no APE inflows during this period, while 1 million APE were used for operational expenses, including 148,627 APE allocated to support community activities. The total foundation grants amounted to 20.6 million APE.
Additionally, payments for 20 previously community-approved AIPs and one special council-approved AIP continued as planned. The community also accepted nine additional AIPs, with payment outflows commencing during this period.#ApeCoin #Q12024 #TransparencyReport #TreasuryStatus #APE #CommunityActivities #AIP #Grants #OperationalExpenses
🚀 Hong Kong Securities Association Proposes Unified Regulatory Body for Virtual Assets
#HongKong #VirtualAssets #Securities #RegulatoryBody #MarketStability #InvestorConfidence #RiskManagement #ProfessionalTraining #FinancialSystem
According to Odaily, during the public consultation for this year's Policy Address by the Chief Executive of Hong Kong, the Hong Kong Securities and Futures Professionals Association made several recommendations regarding the securities industry. Among these suggestions, the establishment of a unified regulatory body for virtual assets was highlighted as particularly important due to the rapid development of the virtual asset market. A unified regulatory body could provide consistent regulatory standards and procedures, ensuring market stability and security, boosting investor confidence, and promoting the healthy development of the virtual asset market. Additionally, the association emphasized the importance of enhancing training in the virtual asset field as a rational measure to manage risks associated with virtual assets. By offering professional training and guidance, practitioners can gain a more comprehensive understanding of the operational mechanisms of the virtual asset market, develop effective risk management measures, and ensure the stability of the financial system.#HongKong #VirtualAssets #Securities #RegulatoryBody #MarketStability #InvestorConfidence #RiskManagement #ProfessionalTraining #FinancialSystem
🚀 StarkWare Partners With sCrypt to Develop PoC Bridge Design
#StarkWare #sCrypt #PoC #BridgeDesign #Bitcoin #Layer2 #OP_CAT #ZKMagic
According to Foresight News, StarkWare has announced a partnership with sCrypt to develop a Proof of Concept (PoC) bridge design. This collaboration aims to explore the construction of a standardized bridge between Bitcoin and Layer 2 (L2) solutions using OP_CAT and ZK magic technologies.#StarkWare #sCrypt #PoC #BridgeDesign #Bitcoin #Layer2 #OP_CAT #ZKMagic
🚀 Crypto Venture Fund Halo Capital Launched With $25 Million Investment
#Crypto #VentureCapital #HaloCapital #Investment #Bitcoin #ArtificialIntelligence #Startup #CryptoProjects #NewYork #DanielHoward #BhavinVaid
According to Foresight News, Daniel Howard, son of British hedge fund billionaire Alan Howard, and his partner Bhavin Vaid have announced the creation of a new crypto venture capital fund named Halo Capital. The fund has successfully raised $25 million and aims to bring a growth-oriented investment approach to early-stage crypto projects. Halo Capital is headquartered in New York and has a broad investment scope, covering areas from Bitcoin to decentralized artificial intelligence.
Both founders come from 10T Holdings, a private equity firm focused on cryptocurrency. They began fundraising for Halo Capital in March of this year and officially launched the fund in June. The initiative seeks to leverage their expertise to identify and support promising ventures in the rapidly evolving crypto space.#Crypto #VentureCapital #HaloCapital #Investment #Bitcoin #ArtificialIntelligence #Startup #CryptoProjects #NewYork #DanielHoward #BhavinVaid
🚀 Traders Increase Bets On Fed's Potential Rate Cut This Month
#Traders #FederalReserve #RateCut #InterestRates #EconomicPolicy #MonetaryPolicy #MarketSpeculation #LaborMarket #JPMorgan #Finance
According to Odaily, interest rate options traders have intensified their bets on a 50 basis point rate cut by the Federal Reserve this month. This reflects growing market speculation that policymakers will take aggressive action to prevent the economy from faltering. Currently, swap contracts indicate about a one-third chance of a 50 basis point rate cut by the Federal Reserve this month.
Priya Misra, a portfolio manager at JPMorgan Asset Management, commented, 'The labor market has slowed down and is now catching the Fed's attention. Considering the current fund rate is between 5.25% and 5.5%, the economy is slowing, and the lag between monetary policy and the economy is notoriously long and variable. I believe there is a strong case for an initial 50 basis point rate cut.'#Traders #FederalReserve #RateCut #InterestRates #EconomicPolicy #MonetaryPolicy #MarketSpeculation #LaborMarket #JPMorgan #Finance
🚀 SunPump Launches New Feature 'Sun Boost' With First Liquidity Mining Pool
#SunPump #SunBoost #LiquidityMining #SUNDOG #TRX #Blockchain #Crypto
According to BlockBeats, on September 5, SunPump announced the launch of its new feature, 'SUN BOOST.' This feature introduces the first liquidity mining pool, SUNDOG/TRX. The new addition aims to enhance the platform's offerings and provide users with more opportunities for liquidity mining.#SunPump #SunBoost #LiquidityMining #SUNDOG #TRX #Blockchain #Crypto
🚀 Bitcoin's Weakness May Signal Caution For Traditional Risk Assets
#Bitcoin #Cryptocurrency #RiskAssets #MarketAnalysis #FinancialTrends #SellOffs #200DayMovingAverage #AlexKuptsikevich #BTC
According to Odaily, FxPro Senior Market Analyst Alex Kuptsikevich has indicated that Bitcoin's recent weakness could serve as a warning for traditional risk assets. Kuptsikevich stated, 'The weakness in cryptocurrencies may reflect a very limited risk appetite, and other markets might soon follow the trend set by cryptocurrencies.' Bitcoin has experienced a decline for nine consecutive days over the past 11 days as it attempts to consolidate above the 200-day moving average, leading to significant sell-offs. This pattern continued into Thursday morning, with prices testing the lowest levels seen in the past four months. Kuptsikevich noted that Bitcoin might struggle to maintain strength despite the recent weakness in the US Dollar Index.#Bitcoin #Cryptocurrency #RiskAssets #MarketAnalysis #FinancialTrends #SellOffs #200DayMovingAverage #AlexKuptsikevich #BTC