🚀 Cryptocurrency Fear And Greed Index Rises Slightly To 37
#Cryptocurrency #FearAndGreedIndex #MarketSentiment #Fear #AlternativeMe
According to Foresight News, data from Alternative.me indicates that the Cryptocurrency Fear and Greed Index has risen slightly to 37 today. Yesterday, the index was at 33, indicating a state of 'fear.' The current level still reflects a market sentiment of 'fear.'#Cryptocurrency #FearAndGreedIndex #MarketSentiment #Fear #AlternativeMe
🚀 Fractal Mainnet Transaction Fees Surge Amid New Token Protocol Launch
#Fractal #TransactionFees #CovenantAttestedToken #CATprotocol #Bitcoin #Blockchain #Crypto
According to Odaily, transaction fees on the Fractal mainnet have surged to over 40 satoshis per byte, with high-priority fees exceeding 100 satoshis per byte. This increase coincides with the launch of a new UTXO-based token protocol on Bitcoin, known as the Covenant Attested Token (CAT) protocol. The CAT protocol is noted for its features such as no need for an indexer, modularity, programmable minting, and cross-chain interoperability. It can operate on any Bitcoin-compatible blockchain that activates OP_CAT. The community speculates that the introduction of the CAT protocol may be the primary reason behind the spike in Fractal mainnet transaction fees.#Fractal #TransactionFees #CovenantAttestedToken #CATprotocol #Bitcoin #Blockchain #Crypto
🚀 FarCon Asia 2024 To Explore Future Of Farcaster Ecosystem In Singapore
#FarConAsia #Farcaster #Web3 #Singapore #CryptoConference #Blockchain #Innovation #SocialInteractions #VentureCapital #Networking #Event2024 #TechConference
According to BlockBeats, a16z crypto investment partner Jane Lippencott has confirmed her attendance at FarCon Asia, the first major Farcaster ecosystem offline event in Asia. The event will be held in Singapore and will feature in-depth discussions on the future prospects and opportunities within the Farcaster ecosystem. Lippencott will join other notable attendees in these discussions.
Scheduled for September 16-17, the event is co-hosted by Tako Protocol, BlockBeats, and Jam. It will take place at The Art House, a renowned venue in Singapore. FarCon Asia aims to delve into and showcase the innovative achievements of the Farcaster ecosystem and the future of Web3 social interactions. The conference seeks to break the stereotype of traditional financial crypto conferences by fostering a more interactive and engaging environment.
The event is expected to attract over 500 participants, including Farcaster ecosystem builders, active users from Asia, venture capitalists, prominent investors, and seasoned researchers. The gathering will provide a platform for these stakeholders to exchange ideas and insights, contributing to the growth and development of the Farcaster ecosystem.#FarConAsia #Farcaster #Web3 #Singapore #CryptoConference #Blockchain #Innovation #SocialInteractions #VentureCapital #Networking #Event2024 #TechConference
🚀 Bitcoin Mining Difficulty Reaches New High
#Bitcoin #MiningDifficulty #BTC #Blockchain #Cryptocurrency #RecordHigh
According to BlockBeats, on September 11, data from BTC.com revealed that Bitcoin mining difficulty experienced an adjustment at block height 860832 at 11:25:57 UTC+8. The mining difficulty increased by 3.58% to reach 92.67 T, setting a new historical record.#Bitcoin #MiningDifficulty #BTC #Blockchain #Cryptocurrency #RecordHigh
🚀 Market Focus Shifts To August CPI Inflation Data
#MarketFocus #CPI #InflationData #Economics #InterestRates #FederalReserve #NaturalGasPrices #FoodPrices #CoreCPI #Nowcast #FedWatch
According to BlockBeats, the market's attention this week is on the upcoming inflation data, with the August CPI inflation report set to be released at 8:30 PM UTC+8 on Wednesday. Economists predict that the overall CPI for August in the United States will slow to 2.6% year-on-year from 2.9% in July. Several economists suggest that falling natural gas prices and stable food prices may help control overall inflation. If these predictions hold true, the year-on-year CPI inflation will reach its lowest level since March 2021. The core CPI inflation, which excludes food and energy prices, is expected to drop to 3.2% year-on-year. These forecasts align with the estimates from the Cleveland Federal Reserve's Nowcast model.
According to CME's 'FedWatch,' there is a 70% probability that the Federal Reserve will cut interest rates by 25 basis points in September, and a 30% probability of a 50 basis point cut. If inflation unexpectedly declines, the expectation for a 50 basis point rate cut is likely to increase further. On the other hand, if the report meets expectations or shows a slight increase in inflationary pressure, it may not change the market's anticipation of the Fed's rate adjustment but could somewhat temper the subsequent dovish rhetoric.#MarketFocus #CPI #InflationData #Economics #InterestRates #FederalReserve #NaturalGasPrices #FoodPrices #CoreCPI #Nowcast #FedWatch
🚀 US House Committee Holds Hearing On Future Of Decentralized Finance
#DeFi #DecentralizedFinance #Blockchain #Tokenization #Crypto #FinancialServices #USHouseCommittee #FinancialMarkets #Regulation
According to Foresight News, the U.S. House Financial Services Committee held a hearing on September 10 titled 'Decoding DeFi: Exploring the Future of Decentralized Finance.' The hearing aimed to discuss emerging topics such as tokenization and the use of blockchain in the financial sector. The session revealed a clear divide between Republican and Democratic lawmakers on the issue.
Republican Subcommittee Chairman French Hill expressed optimism about decentralized finance, suggesting it could transform the current structure and governance of financial markets and transactions. On the other hand, Democratic Representative Brad Sherman and other critics of cryptocurrency argued that DeFi is primarily used for criminal activities, sanction evasion, and tax avoidance.#DeFi #DecentralizedFinance #Blockchain #Tokenization #Crypto #FinancialServices #USHouseCommittee #FinancialMarkets #Regulation
🚀 BNB Drops Below 510 USDT with a 1.28% Decrease in 24 Hours
#BNB #USDT #Cryptocurrency #PriceDrop #Binance #MarketData #Trading
On Sep 11, 2024, 04:50 AM(UTC). According to Binance Market Data, BNB has dropped below 510 USDT and is now trading at 509.700012 USDT, with a narrowed 1.28% decrease in 24 hours.#BNB #USDT #Cryptocurrency #PriceDrop #Binance #MarketData #Trading
🚀 Zora App Now Open To All Users
#ZoraApp #BlockBeats #AllUsers #SocialMedia #Announcement
According to BlockBeats, on September 11, Zora announced on social media that its app is now available to all users.#ZoraApp #BlockBeats #AllUsers #SocialMedia #Announcement
🚀 Vitalik Buterin Questions The Use Of 'Smart' In Technology
#VitalikButerin #Ethereum #SmartTechnology #CentralizedControl #DataBreaches #WalletDesign #UserProtection #BlockchainSecurity #ETH
According to Odaily, Ethereum co-founder Vitalik Buterin recently expressed his skepticism about the term 'smart' in technology on the X platform. Buterin highlighted that historically, the term has often been used to make centralized control and data breaches appear more appealing. He urged users to ask specific questions about whether a wallet's design genuinely protects users from centralized malicious actions and their own mistakes. Buterin emphasized that well-designed wallets can indeed achieve this protection, while poorly designed ones might have the opposite effect.#VitalikButerin #Ethereum #SmartTechnology #CentralizedControl #DataBreaches #WalletDesign #UserProtection #BlockchainSecurity #ETH
🚀 Ton Announces Ghostdrive As Distributed Storage Solution
#TON #GhostDrive #DistributedStorage #DecentralizedApplications #DataStorage #Blockchain #Innovation #Telegram #UserExperience #DataTokenization
According to BlockBeats, on September 11, TON officially announced on Telegram that GhostDrive, a distributed storage solution, has become a fundamental part of its ecosystem. This development aims to provide robust data storage support for TON developers. By leveraging GhostDrive's storage capabilities, developers can create unique decentralized applications and ensure their MinApps have efficient and secure storage, thereby enhancing user experience.
Additionally, GhostDrive's distributed nature offers developers more room for innovation, allowing them to explore the potential of decentralized storage in various application scenarios. This initiative is expected to help TON attract more Telegram users to the blockchain space through GhostDrive's features such as file upload sharing, programmable asset management, data tokenization, GDAI, and the combination of hot and cold storage for low-latency data capabilities.#TON #GhostDrive #DistributedStorage #DecentralizedApplications #DataStorage #Blockchain #Innovation #Telegram #UserExperience #DataTokenization
🚀 DeepBrain Chain And DeepLink Protocol Partner With Korean Internet PC Culture Association
#DeepBrainChain #DeepLinkProtocol #KoreanInternetPCCultureAssociation #AItechnology #blockchain #computingresources #internetcafes #resourceutilization #gamestreaming #networkstability
According to Foresight News, DeepBrain Chain (DBC) and DeepLink Protocol (DLC) have announced a strategic partnership with the Korean Internet PC Culture Association (IPCA). The collaboration aims to leverage the high-performance computing resources of idle PCs in Korean internet cafes to support the development of AI technology and the practical application of blockchain technology.
IPCA manages approximately 3,000 member internet cafes across South Korea, covering over 20,000 cafes nationwide. Through this partnership, the high-performance computing equipment in these cafes will provide the necessary computational power for AI inference and development projects during idle times, thereby ensuring efficient resource utilization. DeepBrain Chain plans to expand its AI public chain network through this collaboration, enhancing its global node count and network stability. Concurrently, DeepLink Protocol will further optimize the use of internet cafe computing resources, facilitating smoother game streaming services and AI computations.#DeepBrainChain #DeepLinkProtocol #KoreanInternetPCCultureAssociation #AItechnology #blockchain #computingresources #internetcafes #resourceutilization #gamestreaming #networkstability
🚀 Penpie Suspends Transactions Amid Security Audits
#Penpie #SecurityAudit #CryptoCommunity #FundFreeze #ETHTheft #HackResponse #RealTimeMonitoring #DepositSuspension #WithdrawalSuspension #CompensationPlans
According to Foresight News, Penpie has announced that deposits and withdrawals on its platform remain suspended as it undergoes comprehensive audits by multiple security firms to ensure a safe resumption of operations. BlockSec, PeckShield, and AstraSec have already initiated their audits, and Penpie is in discussions with other companies. The platform expects to restore deposit and withdrawal functionalities in approximately two to three weeks, pending the successful completion of these audits. Additionally, Penpie will collaborate with Hexagate to integrate real-time monitoring and establish an efficient, proactive response system.
Penpie continues to work closely with law enforcement agencies, security firms, partners, and key members of the crypto community, including major exchanges, to track and freeze funds associated with the hack. Furthermore, Penpie is taking steps to prepare a post on the Penpie governance forum to discuss potential compensation plans.
Previously, Foresight News reported that on September 4, Penpie was hacked, resulting in the theft of 11,113.6 ETH, valued at approximately $27.34 million.#Penpie #SecurityAudit #CryptoCommunity #FundFreeze #ETHTheft #HackResponse #RealTimeMonitoring #DepositSuspension #WithdrawalSuspension #CompensationPlans
🚀 US Judge Dismisses Class-Action Lawsuit Against Atomic Wallet
#AtomicWallet #ClassActionLawsuit #Crypto #JudgeDismissal #EstonianCryptoFirm #KonstantinGladyshev #EvercodeInfinite #CryptoHack #CourtJurisdiction #LegalAction #Cointelegraph #ColoradoCourt #CryptoRegulations
According to Cointelegraph, a United States federal judge has dismissed a class-action lawsuit against Atomic Wallet, citing a lack of jurisdiction over the Estonian crypto firm. The decision was made by Colorado district court judge Philip Brimmer on September 10, affecting Atomic Wallet, its CEO Konstantin Gladyshev, shareholder Pavel Sokolov, and Evercode Infinite, the software development firm behind Atomic Wallet.
The lawsuit was filed in August 2023 by a group of users who had stored cryptocurrencies through Atomic Wallet. This legal action followed a $100 million hack that the wallet provider experienced two months earlier. Judge Brimmer ruled that the contact between Atomic Wallet and Colorado was insufficient to establish the court's jurisdiction over the firm and the other defendants named in the suit.
In November, Atomic Wallet had moved to dismiss the lawsuit, arguing that it had no ties to the United States and that only one of the 21 plaintiffs, Graham Dickinson, was based in Colorado, where the suit was filed. The plaintiffs had contended that Atomic Wallet's advertisements were visible in Colorado on X, its mobile app could be downloaded in the state, and Dickinson had routinely communicated with Atomic Wallet's customer service representatives from his home in Colorado.
Judge Brimmer noted that the nature of Atomic Wallet's products, which are software applications, made it less likely that the firm deliberately targeted the Colorado market. He explained that unlike tangible goods that must be shipped to customers in a specific state, Atomic Wallet's products could reach users without the firm knowing their locations. Despite dismissing the claims, Brimmer allowed the plaintiffs an additional 21 days to explain why a suit against defendant Ilia Brusov, one of the founders of Evercode Infinite and an Atomic Wallet shareholder, should not be dismissed. Brusov owns a 12.8% stake in Atomic Wallet, while Sokolov also holds a 12.8% stake, and Gladyshev owns the remaining 74.4%.#AtomicWallet #ClassActionLawsuit #Crypto #JudgeDismissal #EstonianCryptoFirm #KonstantinGladyshev #EvercodeInfinite #CryptoHack #CourtJurisdiction #LegalAction #Cointelegraph #ColoradoCourt #CryptoRegulations
🚀 Bank Of America Predicts Yen To Decline By Year-End
#BankOfAmerica #YenDecline #CurrencyMarket #ExchangeRate #FederalReserve #InterestRates #EconomicForecast #JapanEconomy
According to Odaily, Bank of America strategists maintain their forecast that the Japanese yen will resume its decline by the end of the year, expecting the yen to fall below 150 against the US dollar. Shusuke Yamada, the bank's chief Japan foreign exchange and rates strategist, stated in a report that the yen might resume its downward trend because the market has overestimated the potential rate cuts by the Federal Reserve and exaggerated the prospects of capital returning to Japan due to a narrowing dollar/yen interest rate differential. Currency market pricing indicates that the Federal Reserve is expected to cut rates by more than 100 basis points this year, while Bank of America economists anticipate three rate cuts of 25 basis points each. The bank has slightly revised its year-end dollar/yen exchange rate forecast from 155 to 151.
Yamada noted that since the 1990s, Federal Reserve rate cuts have not always been detrimental to the dollar/yen exchange rate. He pointed out that the only significant drop in the dollar/yen occurred during the 2007-2008 Federal Reserve rate cut cycle, when the global financial crisis led to the unwinding of yen carry trades, causing the yen to strengthen significantly. Despite the recent cooling of the US job market, the risks of a sustained balance sheet recession and a hard economic landing in the US remain limited.#BankOfAmerica #YenDecline #CurrencyMarket #ExchangeRate #FederalReserve #InterestRates #EconomicForecast #JapanEconomy
🚀 Vitalik-Linked Address Sells 190 WETH Worth $440,000
#Vitalik #WETH #Ethereum #Crypto #Blockchain #OnChainAnalysis #AiYi #ETH #Wallet #Transaction
According to Odaily, on-chain analyst Ai Yi has reported that an address linked to Vitalik, identified as '0xfEB...203B2,' sold 190 WETH approximately 10 minutes ago. The transaction is valued at around $440,000. Over the past month, this address has received 3,800 ETH from Vitalik.#Vitalik #WETH #Ethereum #Crypto #Blockchain #OnChainAnalysis #AiYi #ETH #Wallet #Transaction
🚀 New Bitcoin Protocol CATNIP Aims To Improve User Experience
#Bitcoin #CATNIP #Crypto #Blockchain #BRC20 #OP_CAT #UserExperience #TokenProtocol #LiquidityPools #AMM #OffChain #OnChain
According to Odaily, Udi Wertheimer, an advocate of OP_CAT and co-founder of Taproot Wizards, recently expressed on social media that the user experience of BRC-20 and Runes has been disappointing for most cryptocurrency enthusiasts. He noted that Bitcoin consensus, including nodes and miners, does not recognize their existence. Wertheimer introduced a new Bitcoin-native token protocol called CATNIP, based on OP_CAT recursive contracts, which aims to address these issues.
CATNIP allows for partial order fulfillment in the market, enabling users to purchase the exact amount of tokens they need without pre-splitting UTXOs. It also supports bidding, where users can specify the amount of CATNIP they wish to buy at a certain BTC price, allowing one or more sellers to complete the transaction. This protocol will even enable on-chain L1 AMM and liquidity pools. However, due to Bitcoin's slow block times and other issues related to transaction relay strategies, Wertheimer believes that L1 AMM will not provide a good experience. Nonetheless, CATNIP will also support fast and secure off-chain AMM, such as using CatVM.
CATNIP is currently under development and testing. The team plans to launch the protocol when OP_CAT goes live on the Bitcoin mainnet.#Bitcoin #CATNIP #Crypto #Blockchain #BRC20 #OP_CAT #UserExperience #TokenProtocol #LiquidityPools #AMM #OffChain #OnChain
🚀 Bitcoin's Performance Likely Unaffected By Upcoming US Presidential Election
#Bitcoin #USPresidentialElection #Matrixport #Cryptocurrency #RegulatoryEnvironment #CryptoGrowth
According to Odaily, Matrixport has released a chart indicating that while much attention is given to the potential impact of the next US president on Bitcoin, the actual influence may be more on the regulatory environment of the Bitcoin ecosystem rather than on Bitcoin itself. During the Republican administration (2016-2020) and the Democratic administration (2020-2024), cryptocurrencies experienced significant growth. Therefore, despite the media's focus on the upcoming election, Bitcoin is likely to maintain a positive performance regardless of who takes office.#Bitcoin #USPresidentialElection #Matrixport #Cryptocurrency #RegulatoryEnvironment #CryptoGrowth
🚀 Users Warned About Phishing Site in DuckDuckGo Search Results
#DuckDuckGo #Phishing #Etherscan #ScamAlert #CyberSecurity #UserSafety
According to Odaily, Scam Sniffer has issued a warning on Platform X, alerting users of the DuckDuckGo search engine to be cautious. When searching for 'Etherscan,' the second result displayed is a phishing website. Users are advised to stay vigilant and carefully identify fake websites to avoid potential risks to their assets.#DuckDuckGo #Phishing #Etherscan #ScamAlert #CyberSecurity #UserSafety
🚀 Tron Proposes Increase In Energy Cap To 150 Billion
#Tron #EnergyCap #JustinSun #TRX #Staking #NetworkFees #CryptoNews #Blockchain
According to Odaily, Justin Sun announced on the X platform that the Tron Super Representative Council has proposed raising the energy cap to 150 billion. This follows a previous increase to 120 billion and aims to generate more energy from TRX staking, thereby reducing network fees and enhancing network activity. If approved, the proposal will take effect by this Friday at the latest.#Tron #EnergyCap #JustinSun #TRX #Staking #NetworkFees #CryptoNews #Blockchain
🚀 Marco Monaco Resigns From Linea
#MarcoMonaco #Linea #Resignation #Consensys #MetaMask #Blockchain #CommunityBuilding #EcosystemDevelopment #OrganicEngagement
According to Odaily, Marco Monaco, co-founder and head of growth at Linea, has announced his resignation from his position and will no longer be involved with the company in any capacity. Monaco revealed that he resigned from Consensys in mid-June and officially left the Linea project in mid-July. Over the past two years, he dedicated nearly 20 hours a day to bringing a commercial vision to Linea and building a vibrant ecosystem. He expressed a desire for more time to fully realize his vision and change the perception of the network, focusing more on the Linea community and improving organic engagement with the help of MetaMask, rather than just viewing it as a mining purpose. Linea is currently undergoing significant changes. Consensys leadership and Monaco agreed that the best path forward for Linea does not involve him personally, as their visions no longer align. It is now time for Consensys and MetaMask to fully step in and drive the network's development.#MarcoMonaco #Linea #Resignation #Consensys #MetaMask #Blockchain #CommunityBuilding #EcosystemDevelopment #OrganicEngagement