🚀 🔥 Binance Releases 22nd Proof of Reserves: Strong USDT Growth and Continued Transparency 🔥
#Binance #ProofOfReserves #USDT #Tether #Bitcoin #BTC #Ethereum #ETH #Cryptocurrency #Transparency
Binance has released its 22nd proof of reserves as of September 1. The latest snapshot highlights a significant increase in Tether (USDT) holdings and stable overall reserves across major cryptocurrencies.USDT Holdings: User holdings of Tether have surged by 4.34%, reaching 22.11 billion USDT, with an impressive increase of 919 million USDT since the last snapshot. This growth reflects strong user confidence and demand for stable assets on Binance.BTC Holdings: Binance users continue to hold a solid 605,000 BTC, reflecting a minimal decrease of 1.27% from the previous period, demonstrating consistent interest in Bitcoin trading and investment.ETH Holdings: Ethereum holdings remain robust at 4.486 million ETH, with a slight decline of 4.58%, which aligns with broader market movements.#Binance #ProofOfReserves #USDT #Tether #Bitcoin #BTC #Ethereum #ETH #Cryptocurrency #Transparency
🚀 Alchemy Pay Becomes Preferred Payment Solution for TON
#AlchemyPay #TON #cryptocurrency #paymentsolutions #Telegram #USDT
According to Odaily, Alchemy Pay, a provider of cryptocurrency payment solutions, announced on Platform X that it has become one of the preferred payment solution providers for TON, supporting seamless payments based on Telegram. Earlier in April 2024, Alchemy Pay first announced its support for USDT on the TON network.#AlchemyPay #TON #cryptocurrency #paymentsolutions #Telegram #USDT
🚀 Prediction Market TVL Reaches Record High
#PredictionMarket #TVL #DefiLlama #BlockBeats #PolyMarket #Azuro #LumiFinance #GnosisProtocol #Augur #EtherFlip #WINRProtocol
According to BlockBeats, as of September 9, data from DefiLlama indicates that the total value locked (TVL) in the prediction market sector has reached an all-time high of $146.25 million. This marks a significant increase, doubling the TVL from two months ago.
PolyMarket leads the sector with a TVL of $121 million. Other platforms with TVL exceeding $1 million include Azuro, Lumi Finance, Gnosis Protocol v1, Augur, EtherFlip, and WINR Protocol.#PredictionMarket #TVL #DefiLlama #BlockBeats #PolyMarket #Azuro #LumiFinance #GnosisProtocol #Augur #EtherFlip #WINRProtocol
🚀 Cellula Launches World's First AI Game Based On vPOW Consensus Mechanism
#Cellula #AIGame #vPOW #BNBChain #Hackathon #Bitcoin #GPUcomputing #GameOfLife #BitLife #Mining #NFTs #PrizePool
According to BlockBeats, on September 9, Cellula introduced the world's first AI game based on the vPOW consensus mechanism. This innovative game combines GPU computing with Conway's Game of Life, offering users a new immersive experience in Bitcoin POW mining.
With special support from BNB Chain, Cellula is set to host the 4x4 Genotype BitLife Hackathon. This event, leveraging GPU computing and the rules of the Game of Life, aims to develop high-performance 4x4 genotype BitLife virtual mining machines. The hackathon invites developers worldwide to contribute to the Cellula ecosystem, enhancing the virtual mining experience.
In August, Cellula paused the minting of 3x3 genotype BitLife. The upcoming hackathon marks the official release of the 4x4 genotype BitLife, designed to inspire global developers' creativity, foster deeper community interaction, and provide robust support for miners and potential mining machine manufacturers.
The event will run from September 11 to September 29, spanning three weeks, with a total prize pool valued at approximately 10,000 USDT. The top three participants will each receive 1,000 USDT, totaling 3,000 USDT, along with 10 BitCell NFTs valued at 3,000 USDT.#Cellula #AIGame #vPOW #BNBChain #Hackathon #Bitcoin #GPUcomputing #GameOfLife #BitLife #Mining #NFTs #PrizePool
🚀 Hong Kong ETFs Show Steady Growth Despite Initial Slowdown
#HongKong #ETFs #Bitcoin #Ethereum #Cryptocurrency #AssetManagement #MarketGrowth #DigitalAssets #Investment
According to BlockBeats, on September 9, David Lawant, Head of Research at digital asset broker FalconX, stated that it is common for Hong Kong ETFs to experience a slowdown in fund inflows after their launch, followed by steady growth over time, especially during periods of low market volatility. This trend has become particularly evident in recent months.
Currently, the asset management scale of Hong Kong Bitcoin and Ethereum spot ETFs stands at $290.6 million, significantly lower than their U.S. counterparts, which are nearly $57 billion. On some trading days, these six funds have even seen no net inflows.
However, Lawant believes that the prediction for Hong Kong ETFs to reach an asset scale of $1 billion by the end of this year is still possible. He added, "Achieving this goal by the end of 2025 might be more realistic. However, given the fast-paced nature of cryptocurrencies, I would not completely rule out the possibility." Lawant also mentioned, "Compared to what we see in other countries or regions, this number may seem small. But considering the size of the Asian market and its importance to the entire crypto ecosystem, I believe it has the potential to go higher."#HongKong #ETFs #Bitcoin #Ethereum #Cryptocurrency #AssetManagement #MarketGrowth #DigitalAssets #Investment
🚀 BCB Group's Chief Compliance Officer Natasha Powell Resigns
#BCBGroup #NatashaPowell #resignation #complianceofficer #cryptocurrency #paymentcompany #executivedeparture #acquisition #SeriesB #financing
According to BlockBeats, on September 9, Natasha Powell, Chief Compliance Officer of the cryptocurrency payment company BCB Group, announced her resignation. Powell will continue to support the company as a non-executive director of BCB Payments. This marks the fifth executive departure from the company within 18 months. Powell stated that she will no longer be responsible for the company's daily operations but declined to disclose her new position.
Previously, on September 5, BlockBeats reported that BCB Group had received an acquisition offer. The acquisition interest was initiated by a potential buyer, and the London-based company is currently exploring Series B financing. In January 2022, BCB completed a $60 million Series A financing round, co-led by Foundation Capital, with participation from BACKED VC, PayU, and others.#BCBGroup #NatashaPowell #resignation #complianceofficer #cryptocurrency #paymentcompany #executivedeparture #acquisition #SeriesB #financing
🚀 Scallop Protocol Achieves $1.5 Million Revenue, Announces Buyback Program
#ScallopProtocol #revenue #buybackprogram #SCA #staking #crypto #communityreward #veSCA
According to Odaily, Scallop Protocol has reported a revenue of $1.5 million, with 10 million SCA tokens currently staked. The average staking duration is 3.7 years. To celebrate this milestone, Scallop will initiate a buyback program worth $100,000 to reward the community. This event will be open from September 11 to 15, and users must hold at least 800 veSCA to participate.#ScallopProtocol #revenue #buybackprogram #SCA #staking #crypto #communityreward #veSCA
🚀 PayPal Adds Shopify To Partnership List For Payment Processing
#PayPal #Shopify #Partnership #PaymentProcessing #ECommerce #Integration
According to Odaily, PayPal Holdings Inc. has recently added Shopify Inc. to its list of partners, reaching an agreement to handle some of the payment company's debit and credit card transactions. As part of the agreement, PayPal's wallet will also be integrated with Shopify Payments. This collaboration follows a previous partnership between the two companies, which saw the launch of Shopify Payments in France two years ago.#PayPal #Shopify #Partnership #PaymentProcessing #ECommerce #Integration
🚀 Fed Rate Cut May Signal Economic Concerns Impacting Bitcoin
#FedRateCut #EconomicConcerns #Bitcoin #RiskAssets #Cryptocurrencies #LiquidityEasing #StockMarket #BTC
According to Odaily, 10x Research suggests that a significant rate cut by the Federal Reserve could indicate economic concerns rather than reassurance, potentially affecting risk assets including Bitcoin. Currently, traders estimate less than a 30% chance of a 50 basis points rate cut next week.
10x Research data indicates that if the Federal Reserve cuts rates by 50 basis points on September 18, the anticipated bullish liquidity easing cycle might negatively impact risk assets such as cryptocurrencies. A 50 basis points rate cut next week could signify heightened economic worries or a lag in addressing an impending economic slowdown, leading investors to reduce exposure to risk assets like Bitcoin (BTC) and stocks.#FedRateCut #EconomicConcerns #Bitcoin #RiskAssets #Cryptocurrencies #LiquidityEasing #StockMarket #BTC
🚀 Cryptocurrency Stocks Rise In Pre-Market Trading As Bitcoin Prices Surge
#Cryptocurrency #Bitcoin #Stocks #PreMarket #Investing #ETFs
According to Odaily, cryptocurrency stocks experienced an uptick in pre-market trading as Bitcoin prices surged. ProShares Bitcoin Strategy ETF saw a 3.8% increase, while iShares Bitcoin Trust rose by 3.5%.#Cryptocurrency #Bitcoin #Stocks #PreMarket #Investing #ETFs
🚀 Bitcoin Mining Companies Achieve 23% Market Share in August
#Bitcoin #Mining #MarketShare #BTC #Cryptocurrency #PubliclyListedCompanies
According to Odaily, recent data from The Miner Mag reveals that 16 publicly listed Bitcoin mining companies have collectively captured nearly 23% of the market share in BTC production. In August, these companies produced a total of 3,226 Bitcoins, maintaining a consistent output compared to May, June, and July.#Bitcoin #Mining #MarketShare #BTC #Cryptocurrency #PubliclyListedCompanies
🚀 Rivalz Network Announces Privilege Passes for DYM Token Stakers
#RivalzNetwork #DYMToken #PrivilegePasses #SilverPass #GoldPass #zNodeSale #Wave0 #EVMWallets #CosmosWallets #RollDrop
According to Odaily, Rivalz Network has announced the issuance of privilege passes to DYM token stakers. Users who stake 100 or more DYM tokens will receive a SilverPass, while those staking 1000 or more DYM tokens will be awarded a GoldPass. These passes grant holders the opportunity to participate in the Wave 0 validator zNode sale event, scheduled for September 10 at 9 PM UTC+8.
Rivalz Network has indicated that users will see DYM badges on the platform later this week. It is important to note that pass holders can purchase zNodes at Tier 1 or Tier 2 prices, but this is separate from the upcoming RollDrop event, which will be conducted at a later date. The current event supports only EVM wallets, with Cosmos wallet support to be introduced during the RollDrop period.#RivalzNetwork #DYMToken #PrivilegePasses #SilverPass #GoldPass #zNodeSale #Wave0 #EVMWallets #CosmosWallets #RollDrop
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🚀 Hong Kong's Comprehensive Crypto Regulations Highlighted By Former CoinDesk Executive
#HongKong #CryptoRegulations #VirtualAssets #CryptoFriendly #Web3 #ETFs #Bitcoin #Ethereum #DigitalAssets #Stablecoins
According to Odaily, Emily Parker, former Global Strategy Executive Director at CoinDesk, emphasized during an event in Hong Kong that being 'crypto-friendly' does not equate to being 'crypto-easy.' She explained that jurisdictions considered friendly to cryptocurrencies have stringent requirements for sustainable development. Parker highlighted Hong Kong's comprehensive virtual asset regulations and the licensing of exchanges that allow retail trading, positioning the city as a burgeoning digital asset hub.
Parker pointed out that Hong Kong has detailed regulations and clear rules, with strict operational guidelines for virtual asset exchanges. These include a mandate to maintain 98% of assets in 'cold wallets' and adherence to rigorous regulatory standards. She also noted Hong Kong's proactive development of Web 3.0, providing a new 'sandbox' for stablecoin issuers and offering spot exchange-traded funds (ETFs) for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).#HongKong #CryptoRegulations #VirtualAssets #CryptoFriendly #Web3 #ETFs #Bitcoin #Ethereum #DigitalAssets #Stablecoins
🚀 Liquity to Launch New Stablecoin BOLD in Two Months
#Liquity #BOLD #stablecoin #LUSD #Ethereum #borrowing #interestRates #collateral #Layer2 #blockchain
According to Odaily, Liquity executive Colin Platt announced that the company is approximately two months away from launching its new stablecoin, BOLD. This new stablecoin aims to address some of the issues that led to the significant decline of LUSD over the past year and will grant the community a small degree of control.
BOLD will feature borrower-selected interest rates instead of the one-time fee used by its predecessor. Additionally, it will accept staked Ether as collateral. Liquity also plans to allow selected developers to 'copy' BOLD's code, with the hope that affiliated tokens will gain market share on Layer 2 blockchains handling an increasing number of Ethereum-based transactions.#Liquity #BOLD #stablecoin #LUSD #Ethereum #borrowing #interestRates #collateral #Layer2 #blockchain
🚀 Hong Kong Prepares Legislation for Stablecoin Issuers
#HongKong #Stablecoin #Legislation #VirtualAssets #Web3 #FinancialInnovation #RegulatoryFramework #FiatBackedStablecoin #MarketStability #Transparency #ReserveAssets
According to Odaily, Hong Kong's Financial Services and the Treasury Bureau, along with the Deputy Chief Executive of the Hong Kong Monetary Authority, Chen Haolian, reaffirmed during an event that preparations are underway for legislation regulating fiat-backed stablecoin issuers. The goal is to submit the legislative proposal to the Legislative Council by the end of this year. The Hong Kong government has a clear vision for the development of virtual assets and Web 3.0, emphasizing that only through a transparent, certain, and predictable regulatory environment can financial innovation be encouraged.
Chen Haolian pointed out that as virtual assets become mainstream, there is a market consensus on establishing a regulatory framework for fiat-referenced stablecoin (FRS) issuers. This framework is crucial for managing potential monetary and financial stability risks while ensuring transparency and appropriate safeguards. The proposed framework requires FRS issuers to meet several key requirements, including being a registered entity in Hong Kong, operating in Hong Kong, having senior management based in Hong Kong, and maintaining 100% reserve assets to ensure all circulating stablecoins are fully backed by equivalent reserves. The related regulations aim to protect stablecoin users and promote a stable and healthy market development.#HongKong #Stablecoin #Legislation #VirtualAssets #Web3 #FinancialInnovation #RegulatoryFramework #FiatBackedStablecoin #MarketStability #Transparency #ReserveAssets
🚀 Michael Saylor Recommends Holding Bitcoin For Over Four Years
#MichaelSaylor #Bitcoin #HoldBitcoin #Investing #MicroStrategy #BTC
According to Odaily, Michael Saylor, co-founder and executive chairman of MicroStrategy, has advised purchasing Bitcoin and holding it for a minimum of four years.#MichaelSaylor #Bitcoin #HoldBitcoin #Investing #MicroStrategy #BTC
🚀 Bitcoin Mainnet DEX SotSwap to Support Fractal Network
#Bitcoin #SotSwap #FractalNetwork #DEX #cryptocurrency #DeFi #interoperability #trading #BTC #FB
According to Odaily, Bitcoin mainnet decentralized exchange (DEX) SotSwap has announced on the X platform that it will soon support the Fractal network. Additionally, SotSwap plans to introduce a swap feature between FB and BTC.
This development marks a significant step for SotSwap as it expands its network capabilities and trading options. The integration with the Fractal network is expected to enhance the platform's functionality and provide users with more diverse trading opportunities. The introduction of the FB and BTC swap feature aims to facilitate smoother and more efficient transactions between these two cryptocurrencies.
SotSwap's announcement has generated interest within the cryptocurrency community, as it reflects the ongoing efforts to improve interoperability and user experience in the decentralized finance (DeFi) space. The support for the Fractal network and the new swap feature are anticipated to attract more users to the platform, potentially increasing its trading volume and liquidity.#Bitcoin #SotSwap #FractalNetwork #DEX #cryptocurrency #DeFi #interoperability #trading #BTC #FB
🚀 Phantom's Swap Fees on Solana Chain Surpass $30 Million
#Phantom #SwapFees #Solana #Blockchain #Cryptocurrency #Finance #SOL
According to Odaily, Phantom's total swap fees on the Solana chain have exceeded $30 million, reaching $30,854,325. Notably, swap fees generated in August this year amounted to approximately $5 million.#Phantom #SwapFees #Solana #Blockchain #Cryptocurrency #Finance #SOL
🚀 Zilliqa Announces Leadership Change at Web3 Gaming Studio Roll1ng Thund3rz
#Zilliqa #Web3 #Gaming #LeadershipChange #Roll1ngThund3rz #KennyCreanor #ValentinCobelea #GameDevelopment #ZIL
According to Odaily, Zilliqa has announced that Valentin Cobelea, the Chief Technology Officer (CTO) of its Web3 gaming studio Roll1ng Thund3rz, will be stepping down. Kenny Creanor will assume the role of interim leader for the Roll1ng Thund3rz team, continuing to advance the studio's ambitious roadmap for revolutionizing the gaming industry with Web3 technology. Kenny has previously held multiple positions within Roll1ng Thund3rz and Zilliqa, most recently serving as the lead developer. The strategic direction of Roll1ng Thund3rz will remain unchanged, with the company continuing to focus on growth through the development of Web3 gaming projects, such as its free, skill-based shooting game Web3War.#Zilliqa #Web3 #Gaming #LeadershipChange #Roll1ngThund3rz #KennyCreanor #ValentinCobelea #GameDevelopment #ZIL
🚀 Bitcoin Spot ETF Sees Rapid Institutional Adoption
#Bitcoin #ETFs #InstitutionalAdoption #IBIT #13F #SEC #Investment
According to BlockBeats, on September 9, Bloomberg Senior ETF Analyst Eric Balchunas shared on social media that Bitcoin spot ETFs have garnered over 1,000 institutional holders within just two 13F reporting periods. This level of adoption is unprecedented.
Specifically, the IBIT ETF alone has 661 institutional holders, with 20% of its shares held by institutions and large advisors. Balchunas predicts that this proportion could rise to 40% within the next 12 months, highlighting the remarkable nature of this trend.
For context, Form 13F is a document required by the U.S. Securities and Exchange Commission (SEC) from certain institutional investors. Investment management companies with assets exceeding $100 million, including hedge funds, pension funds, and other large investment institutions, must submit this report quarterly to the SEC.#Bitcoin #ETFs #InstitutionalAdoption #IBIT #13F #SEC #Investment