π Crypto Market Sees $44.42 Million in Liquidations Over 24 Hours
#CryptoMarket #Liquidations #Coinglass #Cryptocurrency #LongPositions #ShortPositions
According to Odaily, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $44.42 million over the past 24 hours. Of this amount, long positions accounted for $20.32 million, while short positions made up $24.10 million.#CryptoMarket #Liquidations #Coinglass #Cryptocurrency #LongPositions #ShortPositions
π Puntored Secures $2 Million Funding To Enhance Cross-Border Transactions In Latin America
#Puntored #Funding #CrossBorderTransactions #LatinAmerica #Fintech #StellarBlockchain #DigitalWallets #PaymentServices #SMEs #RuralDevelopment #XLM
According to Odaily, fintech company Puntored has successfully raised $2 million in funding. The investment was made through the Stellar Development Foundation's Stellar Enterprise Fund. Puntored plans to use this new capital to enhance its technological capabilities and facilitate cross-border transactions across Latin America via the Stellar blockchain network. The company aims to explore digital wallets, embedded payment services for enterprises, and credit services for small and medium-sized enterprises (SMEs). These services will be targeted at users in rural, metropolitan, and remote areas of Mexico, Colombia, and Puerto Rico.#Puntored #Funding #CrossBorderTransactions #LatinAmerica #Fintech #StellarBlockchain #DigitalWallets #PaymentServices #SMEs #RuralDevelopment #XLM
π Ethena Labs Executive Reveals Role In Founding OnlyFans
#EthenaLabs #OnlyFans #cofounder #Seraphim #LeonidRadvinsky #adultcontentcreators #webcamtechnology #platformdevelopment #communityengagement #personaljourney
According to Foresight News, Seraphim, the Head of Growth at Ethena Labs, disclosed in a recent post that he is a co-founder of OnlyFans. Seraphim stated that he had never publicly discussed this before, and to his knowledge, no one else had either. He revealed that he was involved in building OnlyFans before Leonid Radvinsky, the major shareholder of the platform, took over. Seraphim agreed with Radvinsky's assertion that he was the best person for the job due to his unique skill set, which included visionary thinking, a deep understanding of webcam technology, and a passion for empowering adult content creators. This combination made Radvinsky the perfect candidate for the task. Seraphim described Radvinsky as a true builder.
After the platform's launch, development was slow. To generate more interest, Seraphim would occasionally create random model profiles to give the illusion of increased activity, hoping to motivate the community. When Radvinsky asked if he was responsible for these profiles, Seraphim would lie and deny it. Eventually, OnlyFans gained massive attention, which Seraphim described as both overwhelming and life-changing, bringing both positive and negative impacts. He left the company in March 2019. Seraphim hinted that he might share more details in the future, but for now, he felt the need to express these thoughts.#EthenaLabs #OnlyFans #cofounder #Seraphim #LeonidRadvinsky #adultcontentcreators #webcamtechnology #platformdevelopment #communityengagement #personaljourney
π Animoca Brands Co-Founder Discusses Future Plans and Institutional Support for Cryptocurrency
#AnimocaBrands #YatSiu #UserGeneratedContent #Web3 #Cryptocurrency #InstitutionalSupport #AltcoinMarket #KoreaBlockchainWeek #TON
According to Odaily, Animoca Brands co-founder Yat Siu emphasized the importance of user-generated content (UGC) in an interview during Korea Blockchain Week. He stated that without UGC, the internet would be worthless. When asked about the future plans of Animoca Brands, Siu acknowledged that the company's direction is constantly evolving. He mentioned, 'There is no definitive plan at the moment, but I can say that Animoca Brands will continue to invest in the development of the Web3 ecosystem.'
Siu also highlighted the necessity of institutional support for cryptocurrencies. Drawing a comparison with traditional finance, he noted that over 80% of investments in the U.S. stock market come from institutions. He argued that projects backed by institutional credibility are more likely to gain public trust. Siu believes that the rise of institution-grade tokens will shape the future of the altcoin market.
When questioned about the dramatic events involving TON CEO Pavel Durov and France, Siu responded candidly, 'We are not worried. Regardless of what happens with Pavel Durov, the ecosystem continues to evolve.'#AnimocaBrands #YatSiu #UserGeneratedContent #Web3 #Cryptocurrency #InstitutionalSupport #AltcoinMarket #KoreaBlockchainWeek #TON
π BTC Ecosystem PFP NFT Aneemoo's Sees Significant 24H Floor Price Increase
#BTC #NFT #Aneemoo #PFP #MagicEden #FloorPrice #TradingVolume #AnimalThemes
According to Odaily, data from MagicEden reveals that the floor price of the BTC ecosystem PFP NFT Aneemoo's has surged by 94.4% over the past 24 hours, currently standing at 0.007 BTC. The total trading volume has reached 8.123 BTC. Aneemoo's is a collection of animal-themed PFP NFTs within the BTC ecosystem, with a total supply of 1,111 pieces.#BTC #NFT #Aneemoo #PFP #MagicEden #FloorPrice #TradingVolume #AnimalThemes
π Chris Burniske Highlights Strong Market Signs Amid BTC and ETH Consolidation
#ChrisBurniske #Bitcoin #Ethereum #blockchain #cryptocurrency #markettrends #longtailmarket #infrastructure #marketgrowth #cryptoinsights
According to Odaily, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, shared his insights on the X platform. Burniske noted that despite Bitcoin (BTC) and Ethereum (ETH) being in a consolidation phase, the market sentiment feels as if Satoshi Nakamoto has passed away. However, he pointed out that the long-tail market is showing strong signs of growth.
Burniske emphasized that blockchain technology is gradually integrating into various aspects of society. Although progress may seem slow to those who are impatient, he remains confident about a bright future. He highlighted that mainstream cryptocurrencies are still within the same range as the first quarter of 2024. Infrastructure is continuously maturing, and application experiments are expanding in both variety and geographical scope. Despite this, market sentiment is entirely different from the first quarter, which he described as wonderful. Burniske advised not to be frightened by the current market conditions.#ChrisBurniske #Bitcoin #Ethereum #blockchain #cryptocurrency #markettrends #longtailmarket #infrastructure #marketgrowth #cryptoinsights
π 1700 BTC Transferred From TronDAO To Unknown Wallet
#BTC #TronDAO #WhaleAlert #Bitcoin #Cryptocurrency #Blockchain
According to Odaily, Whale Alert has reported that 1,700 BTC have been transferred from TronDAO to an unknown wallet. The value of the transferred Bitcoin is approximately $92.84 million.#BTC #TronDAO #WhaleAlert #Bitcoin #Cryptocurrency #Blockchain
π Sony L2 Network Soneium Spark Incubation Program Receives Over 300 Applications in Two Days
#Sony #L2Network #Soneium #Spark #IncubationProgram #Applications #StartaleLabs #SotaWatanabe #BlockBeats #Workload #Response #Challenge
According to BlockBeats, on September 8, Startale Labs CEO Sota Watanabe announced on social media that the Sony L2 Network Soneium Spark Incubation Program has received more than 300 applications within two days. Watanabe expressed his excitement over the overwhelming response but also raised concerns about the potential workload if the current application rate continues until the end of the month. He noted that if the trend persists, the program could receive up to 3,000 applications, which might be challenging for Startale and Sony to manage.#Sony #L2Network #Soneium #Spark #IncubationProgram #Applications #StartaleLabs #SotaWatanabe #BlockBeats #Workload #Response #Challenge
π Neiro Meme Coin Surges Over 24,000% in 24 Hours
#Neiro #MemeCoin #Surge #Cryptocurrency #MarketCapitalization #TRX
According to Foresight News, the Meme coin Neiro has experienced a significant surge in value. Data from the SunPump platform indicates that Neiro is currently priced at $0.007564, marking a 24-hour increase of 24,773.27%. The market capitalization of Neiro has now exceeded $1.14 million. Additionally, the trading volume in the past 24 hours has surpassed 20 million TRX.#Neiro #MemeCoin #Surge #Cryptocurrency #MarketCapitalization #TRX
π US Bitcoin Spot ETF Sees Significant Net Inflows Since Launch
#Bitcoin #ETF #Grayscale #BlackRock #Fidelity #netinflows #cryptocurrency #investment
According to BlockBeats, data from Farside Investors reveals that the US Bitcoin spot ETF has experienced a cumulative net inflow of $16.897 billion since its launch. Among the notable figures, Grayscale's GBTC saw a net outflow of $20.012 billion, while BlackRock's IBIT recorded a net inflow of $20.917 billion. Additionally, Fidelity's FBTC reported a net inflow of $9.424 billion.#Bitcoin #ETF #Grayscale #BlackRock #Fidelity #netinflows #cryptocurrency #investment
π π₯ Russia Mines 54,000 Bitcoins in 2023, Generates 50 Billion Rubles in Tax Revenue π₯
#Russia #Bitcoin #Cryptocurrency #Mining #TaxRevenue #Regulation #DigitalAssets #Investment #Putin #CryptoMining
Russia has successfully mined approximately 54,000 Bitcoins in 2023, with a value exceeding $3 billion, contributing around 50 billion rubles in tax revenue for the government. This significant development comes as Russia continues to solidify its position in the global cryptocurrency mining landscape.According to Bezdelov, president of the Russian Industrial Mining Association, the recent legalization of cryptocurrency mining has sparked a surge in investor interest, which is expected further to bolster tax revenues and investment in the sector.The move toward formalizing crypto mining came after Russian President Vladimir Putin signed a bill officially legalizing the practice. Under the new law, only registered Russian legal entities and individual operators are permitted to mine cryptocurrencies. However, individuals who stay within government-set energy consumption limits can continue mining without the need for registration.The legalization of mining is seen as a major step in regulating and expanding Russia's cryptocurrency sector, potentially attracting more institutional players and increasing the countryβs influence in the global digital asset market. #Russia #Bitcoin #Cryptocurrency #Mining #TaxRevenue #Regulation #DigitalAssets #Investment #Putin #CryptoMining
π π₯ European Central Bank Expected to Cut Interest Rates Next Thursday, Another 25 Basis Points Possible in December π₯
#EuropeanCentralBank #InterestRates #MonetaryPolicy #EconomicGrowth #PolicyEasing #FederalReserve #Inflation #WageGrowth #Finance #Economy
According to Jinshi Data on September 8, the European Central Bank (ECB) is expected to cut interest rates next Thursday, marking a shift toward more synchronized global monetary policy easing. As the ECB prepares to reduce rates, it could serve as a prelude to a similar move by the Federal Reserve, signaling a broader trend of policy relaxation aimed at boosting economic growth.The central issue for the upcoming meeting is whether these cuts will signify the start of a deeper easing cycle, potentially removing constraints on major economies and stimulating recovery.Looking ahead, the ECB is projected to cut interest rates by another 25 basis points in December. However, concerns around rising wage growth and persistent inflation in the service sector may prevent the Governing Council from committing to the additional cut just yet. Instead, ECB officials are inclined to adjust policy based on the latest quarterly forecasts, making December more likely for further rate reductions than October. #EuropeanCentralBank #InterestRates #MonetaryPolicy #EconomicGrowth #PolicyEasing #FederalReserve #Inflation #WageGrowth #Finance #Economy
π π₯ Glassnode Report: Bitcoin Unrealized Losses Hit Historical Low, Market Still Profitable π₯
#Bitcoin #UnrealizedLosses #MarketAnalysis #Profitability #Investment #Glassnode #CryptoMarket #FinancialSituation #TradingData #MarketTrends #BTC
According to a report by on-chain analysis firm Glassnode, Bitcoin's unrealized losses have reached a historical low, accounting for just 2.9% of the market value. This data suggests that, despite recent volatility, most investors are still in a relatively profitable position.The report highlights that the ratio of unrealized profits to losses stands at 6:1, with only 20% of trading days showing a higher ratio, indicating that the average investor remains in a healthy financial situation.However, since Bitcoin peaked at its all-time high of $73,000, realized profits have significantly decreased, while loss events have increased. This trend points to a clear downward shift in the market.Despite this, the seller risk ratio has now dropped into a lower range, signaling that most coins are close to their original purchase price. This indicates that profit and loss activities are becoming more balanced, with fewer significant market movements expected in the short term. #Bitcoin #UnrealizedLosses #MarketAnalysis #Profitability #Investment #Glassnode #CryptoMarket #FinancialSituation #TradingData #MarketTrends #BTC
π Bitcoin Volatility Index Drops to 61.51
#Bitcoin #Volatility #BitVol #T3Index #LedgerX #OptionsTrading #BlackScholes #MarketExpectations #CryptoVolatility #BTC
According to BlockBeats, the BitVol (Bitcoin Volatility) Index, launched by financial index company T3 Index in collaboration with options trading platform LedgerX, fell to 61.51 on September 8, marking a daily decrease of 0.79%.
The BitVol Index measures the 30-day expected implied volatility derived from the prices of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual option prices. It is calculated using the Black-Scholes option pricing formula, where the actual option prices and other parameters, excluding volatility (Ο), are input into the formula to derive the implied volatility.
The actual prices of options are formed through competition among numerous options traders. Therefore, implied volatility represents the market participants' views and expectations for the future of the market, making it the closest approximation to the real-time volatility at that moment.#Bitcoin #Volatility #BitVol #T3Index #LedgerX #OptionsTrading #BlackScholes #MarketExpectations #CryptoVolatility #BTC
π Sonic Chain Achieves 720-Millisecond Transaction Finality
#SonicChain #TransactionFinality #BlockchainDevelopment #Ethereum #EVM #Testnet #CryptoTechnology #FastTransactions
According to Cointelegraph, the Sonic chain has achieved a transaction finality of 720 milliseconds (ms) during its testnet phase, marking a significant milestone in blockchain development. In blockchain, finality is the assurance that a transaction is irreversible once it is added to a block on the blockchain ledger. Sonic claims to be the worldβs fastest Ethereum Virtual Machine (EVM) chain, with a 'true' 720-ms finality, according to Andre Cronje, the creator of the Fantom Network and the chief technology officer of Sonic Labs.
Cronje highlighted the achievement in a Sept. 8 X post, stating, '400ms responsiveness (perfect for synchronous events). 720ms finality (true, not probabilistic - no #SonicChain #TransactionFinality #BlockchainDevelopment #Ethereum #EVM #Testnet #CryptoTechnology #FastTransactions
π Ethereum Supply Increases by Over 15,000 ETH in Past Week
#Ethereum #ETH #Ultrasound #cryptocurrency #blockchain #supply
According to Odaily, data from Ultrasound.money reveals that Ethereum's net supply has increased by 15,667.63 ETH over the past seven days. During this period, the total supply grew by approximately 18,171 ETH, while 1,757 ETH were burned through the burn mechanism.#Ethereum #ETH #Ultrasound #cryptocurrency #blockchain #supply
π Elon Musk Projected To Become First Trillionaire By 2027
#ElonMusk #trillionaire #wealthgrowth #Tesla #SpaceX #socialmedia #GautamAdani #Nvidia #JensenHuang #PrajogoPangestu #BernardArnault #LVMH #Meta #MarkZuckerberg #BloombergBillionairesIndex
According to BlockBeats, a new report from Informa Connect Academy suggests that Elon Musk is on track to become the world's first trillionaire by 2027. The report highlights Musk's wealth growth through his ventures in Tesla, SpaceX, and social media platform X (formerly Twitter), with an average annual growth rate of 110%. Currently, Musk is the world's richest person with a net worth of $251 billion, according to the Bloomberg Billionaires Index. The report began circulating on Friday.
The analysis also indicates that Indian business magnate Gautam Adani could become the second trillionaire if his wealth continues to grow at an annual rate of 123%, potentially reaching this milestone by 2028. Additionally, Nvidia CEO Jensen Huang and Indonesian energy and mining tycoon Prajogo Pangestu might also achieve trillionaire status by 2028, provided their wealth growth trajectories remain consistent. Bernard Arnault, CEO of LVMH MoΓ«t Hennessy Louis Vuitton and currently the world's third richest person with approximately $200 billion, is expected to surpass the trillion-dollar mark by 2030, the same year Meta CEO Mark Zuckerberg is projected to reach this goal.#ElonMusk #trillionaire #wealthgrowth #Tesla #SpaceX #socialmedia #GautamAdani #Nvidia #JensenHuang #PrajogoPangestu #BernardArnault #LVMH #Meta #MarkZuckerberg #BloombergBillionairesIndex
π Stacks Reaches Record High In Smart Contract Deployment Ahead Of Nakamoto Upgrade
#Stacks #Bitcoin #SmartContracts #NakamotoUpgrade #DeFi #BTCFi #Layer2 #Crypto #STX
According to Cointelegraph, Stacks, the Bitcoin networkβs smart contract layer, has achieved a new all-time high in monthly smart contract deployments, surpassing 1,400. This milestone was announced by Stacks in a Sept. 7 post, highlighting a 30% month-over-month increase in smart contract activity on the platform.
The record-setting deployment comes just before the full activation of the Nakamoto upgrade, which began rolling out at Bitcoin block 840,360 on Aug. 28. The upgrade is anticipated to significantly enhance Bitcoin-based decentralized finance (DeFi), also referred to as BTCFi, by bringing advanced DeFi capabilities to the Bitcoin network.
Diego Mey, co-founder of Bitflow Finance, described the Nakamoto upgrade as a substantial advancement for Bitcoin DeFi and layer-2 scalability. He noted that the upgrade would shift Stacks to a #Stacks #Bitcoin #SmartContracts #NakamotoUpgrade #DeFi #BTCFi #Layer2 #Crypto #STX
π Federal Reserve Officials Hint At Potential Rate Cuts Amid Mixed Employment Report
#FederalReserve #RateCuts #EmploymentReport #Inflation #LaborMarket #InterestRates #EconomicSlowdown #FinancialMarket
According to Odaily, the Federal Reserve has entered its routine 'silent period.' Before this official communication blackout, two senior Fed officials hinted that despite a mixed employment report released this Friday, the Fed might still consider a half-percentage-point rate cut in the upcoming meeting. However, they emphasized that the Fed would proceed with caution when taking action.
Fed Governor Christopher Waller and New York Fed President John Williams indicated that given the decline in inflation and the weakening U.S. labor market, multiple rate cuts should be considered this year. The Federal Funds futures market experienced significant fluctuations this week, initially suggesting a higher likelihood of a 50 basis point rate cut this month. Although these bets have since been reduced, traders still anticipate that the central bank will cut rates by more than one percentage point this year, indicating that the Fed may need to intensify its efforts to address the economic slowdown.#FederalReserve #RateCuts #EmploymentReport #Inflation #LaborMarket #InterestRates #EconomicSlowdown #FinancialMarket
π Fractal Bitcoin Unveils Tokenomics Model Ahead Of Mainnet Launch
#FractalBitcoin #Tokenomics #MainnetLaunch #Crypto #Blockchain #ProofOfWork #Mining #Ecosystem #CommunityGrants #Presale #CoreContributors #Advisors
According to Foresight News, Fractal Bitcoin has revealed its tokenomics model as it prepares for its mainnet launch in approximately 11 hours. The model outlines the distribution of its total token supply of 210 million tokens, with 80% allocated to the community and 20% to the team and contributors, subject to a lock-up period.
Half of the total supply (50%) will be allocated to Proof of Work (PoW) mining. Additionally, 15% of the tokens will be reserved for the ecosystem treasury, and 10% will be allocated for community grants. Both the ecosystem treasury and community grants have a distribution cap of 10% of the total annual allocation, which will continue for 10 years. Another 5% of the tokens are designated for presale.
The remaining 15% of the tokens will be allocated to core contributors. The unlocking schedule for presale and team tokens has been clearly defined from the outset. According to the terms, these tokens will begin unlocking at the end of the 7th month and will be released linearly until the end of the 12th month. Additionally, 5% of the tokens are currently reserved for current and future advisors, with an annual distribution cap of 20% over a period of 5 years.#FractalBitcoin #Tokenomics #MainnetLaunch #Crypto #Blockchain #ProofOfWork #Mining #Ecosystem #CommunityGrants #Presale #CoreContributors #Advisors