all posts Crypto News by Satoshi Club

🇺🇸Donald Trump made a notable gesture towards the crypto community by paying for burgers with Bitcoin during a visit to PubKey, a Bitcoin-themed bar near New York University While initially greeted by some boos upon arrival, Trump was met with strong applause from Bitcoin enthusiasts and his supporters inside the bar.

🚀Revolut is set to launch its own cryptocurrency stablecoin, marking its entry into the growing stablecoin market The new stablecoin aims to provide stability and ease for Revolut users by being tied to the value of traditional currencies. The stablecoin market has long been a key aspect of the crypto market reaching a market cap of more than $170 billion. That success and the relative safety of the asset have led to an influx of traditional finance firms entering the market.

🇧🇷🇲🇽Circle’s $USDC has expanded it's access in Brazil and Mexico through their local real-time payment systems This move enables businesses and consumers to convert local currencies (Brazilian Reais and Mexican Pesos) into USDC, eliminating the need for international wire transfers and reducing costs.

🟡Binance Founder CZ Scheduled for Release on September 29 according to Federal Bureau of Prisons website Binance founder Changpeng Zhao (CZ) is set to be released on September 29, 2024, after serving a four-month sentence following a plea deal with the U.S. Department of Justice. Initially facing a 36-month sentence, CZ's term was significantly reduced.

🏴󠁧󠁢󠁥󠁮󠁧󠁿The England High Court has ruled that the Tether USDT stablecoin qualifies as “property” This ruling clarifies the legal status of USDT under UK law, affirming that it can be treated similarly to other forms of property. This decision could have significant implications for the use of stablecoins in transactions and legal cases involving digital assets, further solidifying their role in financial markets.

🇮🇳India has once again topped the global crypto adoption rankings Despite regulatory challenges, the country remains a leader in both centralized and decentralized crypto usage. The score was calculated trough DeFi activity and cryptocurrency exchange trade volume per user and India secured the highest rank. This marks the second consecutive year India has held the top spot, demonstrating the country's significant role in global crypto markets.

🇬🇧The UK has introduced a new bill that officially defines cryptocurrency as personal property This clarification provides legal recognition for digital assets and sets a foundation for handling disputes and issues related to ownership, theft, and fraud involving cryptocurrencies.

🚫FriendTech has transferred control of its smart contract to the Ethereum null address, effectively halting any future updates to the platform This action led to a 70% drop in price to their native token $FRIEND. This irreversible move freezes the platform's functionality, ensuring complete decentralization by eliminating centralized control. While seen as a step toward true decentralization, this decision may prevent the platform from addressing future bugs or introducing new features, potentially leaving it stagnant and unable to evolve with user needs and emerging technologies.

📉U.S. based spot Bitcoin ETFs hit their lowest value since May 1, dropping below $50 billion after $170 million in outflows Major players like Grayscale and Fidelity saw significant outflows, contributing to the ongoing decline. Similarly, spot Ethereum ETFs have reached their lowest recorded value, with a 41% drop from their initial total asset value. The outflows continue amid a bearish week for crypto prices, with both Bitcoin and Ethereum funds experiencing multiple consecutive days of net-negative activity.

🇸🇻El Salvador is celebrating the third anniversary of adopting Bitcoin as legal tender, with the country's Bitcoin holdings now showing a profit of over $31 million Despite early criticism and challenges, President Nayib Bukele's decision to adopt Bitcoin has been viewed as a pioneering move in financial innovation. El Salvador has accumulated 5,865 BTC at an average purchase price of $43,877 per Bitcoin, benefiting from the cryptocurrency’s recent price rise.

💰A rare CryptoPunk NFT from the Ape Punk collection sold for approximately $1.5 million (620 ETH), despite a downturn in the broader NFT market. The NFT, CryptoPunk 6915, was purchased by an anonymous buyer, marking a 59,390% increase in value since it was acquired for just 3.5 ETH in 2017. While this sale brought optimism to the NFT space, the market is still struggling with reduced sales and buyer interest.

🔴🟠 Mastercard will launch a new crypto Euro debit card in Europe, allowing users to spend cryptocurrencies directly from their self-custodial wallets at over 100 million merchants This initiative aims to bridge the gap between traditional finance and cryptocurrency, offering an easy and secure way to use digital assets for everyday transactions. The card has associated fees, including a setup fee and monthly maintenance cost. There’s a 1.60 euro fee to get the card. It also costs 1 euro per month to keep and Mercuryo charges 0.95% when you use it.

📈Bitcoin whale wallets holding 100 or more BTC have reached a 17-month high, with 283 new wallets crossing this threshold in August This increase comes as smaller traders sell off their holdings, possibly due to recent price drops and fear in the market. The total accumulation by wallets holding between 10 and 10,000 BTC has reached over 133,000 Bitcoin, valued at more than $7.6 billion.

🚫 Vitalik Buterin stated that he has not sold any cryptocurrency for personal profit since 2018 Instead, all of his profits have been used to support many other projects within the Ethereum ecosystem or for broader charitable causes, such as biomedical research and development.

📈Interactive content on Telegram is gaining popularity, as Telegram is approaching 1 billion monthly active users This trend includes games, quizzes, and community engagement tools that leverage Web3 features like NFTs and tokens, enhancing user interaction and creating new revenue streams. Developers and marketers are increasingly using Telegram’s flexibility to build Web3-friendly experiences that attract crypto enthusiasts.

🇺🇸OpenSea Gets 'Wells Notice' From SEC, Which Calls NFTs Sold on Platform 'Securities' OpenSea's CEO, Devin Finzer, expressed shock at the SEC's stance and vowed to fight the notice, pledging $5 million for legal fees for NFT creators. This move marks a significant development in regulatory scrutiny of NFTs, following previous SEC actions against other NFT projects and companies.

🇺🇸Donald Trump has launched his fourth NFT collection, featuring images of himself in various roles, including a superhero and motorcyclist Each NFT is priced at $99. Buyers of 15 NFTs can receive a physical card with a piece of his debate suit, while those purchasing 75 NFTs will be invited to a dinner with Trump in Florida. The collection continues his engagement with the crypto community, aligning with his political platform that includes support for Bitcoin mining and opposition to a central bank digital currency.

📈The stablecoin market has reached a new all-time high in terms of market capitalization This increase in market cap is driven by various factors, including heightened interest in decentralized finance applications, the use of stablecoins for trading and payments, and their role as a hedge against the volatility of other cryptocurrencies. Stablecoins, which are digital assets pegged to traditional currencies like the US dollar, offer a stable store of value that can be easily transferred across different platforms and countries. The rise in their market cap indicates a broadening acceptance of stablecoins as a reliable medium of exchange and a tool for managing risk in volatile markets.

☀️Justin Sun's USDD stablecoin is no longer supported by Bitcoin USDD, originally designed as an algorithmic stablecoin, initially included Bitcoin in its reserve assets to help maintain its stability and peg to the US dollar. However, recent developments indicate that Bitcoin has been removed from the assets backing USDD. This change may reflect a strategic shift by Justin Sun and the team behind USDD, possibly due to evolving market conditions or regulatory considerations. The removal of Bitcoin from the reserve raises questions about how USDD will maintain its stability and what alternative assets will be used to support its value.

📌Want to Start Earning $TON on Binance Launchpool? TON is now live on Binance Launchpool, and if you're eager to start earning, you're in the right place🚀 ⏳In just a few minutes, we'll walk you through everything you need to know to get started. Read our article here!

🚨$BRN Goes Live on Tier 1 Exchange BRN Metaverse can transform the way people interact with technology and each other. It seeks to achieve this by connecting the metaverse with the real world🚀 By utilizing state-of-the-art technology and a token-based ecosystem, BRN Metaverse is working towards integrating AI, Game, Blockchain and Web 3.0. 🤖At the heart of our ecosystem lies the $BRN token. It powers Items trading, betting within the Endless Ranger Awakening game, and more. With a total supply of 28M and almost 25M tokens in circulation, there are no large whale investors. On top of that, the team doesn’t hold any tokens at all. Besides that, BRN Metaverse will open the beta of their GameFi games in 1 week. You can enter the game, perform simple tasks and receive high Airdrops. For more information, check out the project’s socials👇 Game | Twitter | Linktree | BRNTAP P.S: Their token is listed on Mexc, Gateio, XT, and Bitmart exchanges. It will also be listed on a new Tier-1 exchange within 9 days.

💰Bitcoin mining company Bitfarms has announced its plan to acquire Stronghold Digital Mining in a deal valued at $175 million The acquisition will be financed through a combination of equity and debt, reflecting Bitfarms' strategic expansion efforts in the cryptocurrency mining industry. This move is expected to significantly enhance Bitfarms' mining capacity and operational efficiency by integrating Stronghold Digital's assets and infrastructure. The deal comes at a time when the competition in the Bitcoin mining sector is intensifying, with companies looking to scale up and optimize their operations to remain competitive.

🍟McDonalds official Instagram account appears to have been hacked to promote a #Solana based token named $GRIMACE. The breach resulted in posts that were seemingly unauthorized, encouraging followers to engage with the token.

🇸🇻El Salvador Launches Bitcoin certifications for civil servants 🧍🏻El Salvador launched a certification program aimed at upskilling 80,000 civil servant. 📚Led by the National Bitcoin Office, this 160-hour virtual training covers essential topics like strategic management and public policy, all centered on Bitcoin. 👉To find out more interesting facts about this, watch this short video.

🏆60% of the largest U.S. Hedge Funds have disclosed Bitcoin ETF holdings 15 of the top 25 Hedge Funds own Bitcoin ETFs and also 13 of the top 25 investement advisors. Most of them increased their allocations recently in Q2 2024. The number of RIAs (Registered investment adviser) with a Bitcoin allocation grew by 18% and the number of hedge funds with Bitcoin allocations grew by 46% in Q2.

🔐Charles Hoskinson, the founder of Cardano, has put up $1 million to test the security of Cardano's wallets This challenge aims to enhance the security of the platform by encouraging community members to identify vulnerabilities. Cardano's Web3 wallet, Lace, has introduced a new security feature with its Paper Wallet option. This feature simplifies wallet protection by allowing users with existing PGP keys to restore their wallet using a single encrypted QR code. To celebrate this update, Lace has launched the Lace Paper Wallet Bug Bounty Program, inviting the community to test and improve the wallet’s security. The program will remain open until the end of 2024 or until the wallet is successfully hacked.

🇦🇪Dubai approved the use of cryptocurrency for salary payments This move is part of Dubai's broader strategy to become a global hub for blockchain and cryptocurrency innovation. The city is home to a growing crypto ecosystem, supported by initiatives like the Dubai Blockchain Strategy and the DMCC Crypto Centre, making it an attractive destination for crypto businesses and professionals.

🏆Uniswap Labs has announced a $2.35 million auditing competition, marking the largest in DeFi history The competition is aimed at ensuring the security and robustness of its upcoming decentralized finance products. Participants will audit the code, with the prize pool awarded based on the significance of the vulnerabilities they uncover.

📱Circle teamed up with Apple to integrate tap-and-go USDC payments on IPhones Apple has opened up its NFC technology, enabling USDC to be used for tap-and-go payments via Apple devices. This integration allows users to make quick, contactless payments using the USDC stablecoin directly from their Apple devices. The move is part of a broader effort to incorporate cryptocurrencies into mainstream payment systems, making digital currencies more accessible for everyday transactions.

💳MetaMask has launched a pilot program for a self-custody debit card in partnership with Mastercard This new offering allows users to spend their crypto assets directly from their MetaMask wallets. The initiative aims to bridge the gap between decentralized finance and traditional financial systems, making it easier for users to utilize their crypto holdings in everyday transactions.

🚀TRON has launched a new meme coin platform called SunPump, designed to boost the TRX ecosystem This platform aims to leverage the growing popularity of meme coins, providing users with new opportunities for engagement and investment within the TRON network. SunPump is expected to enhance TRON's ecosystem by attracting more users and increasing TRX's utility in the market.

💰Two huge players raise money to buy Bitcoin Marathon Digital Holdings, the world’s largest Bitcoin mining company, has announced a $250 million offering of convertible senior notes due in 2031. Marathon plans to use the $250 million raised to buy more Bitcoin and hold it as a reserve asset. Also, El Salvador announced $1.6 billion private investment, the biggest in the nation's history to modernise the port at Acajutla and build a new port in La Union, where Bitcoin City will be built.

💊 Pumpfun is eliminating token deployment fees, shifting the cost to the first buyer Creators will also receive 0.5 SOL when their tokens cross the bonding curve. This reward comes from the platform's migration fee of 1.5 SOL. Despite its popularity, only 1.4% of tokens have reached Raydium. The platform recently set a daily revenue record of $2.31 million.

🍴Cardano is set to launch its Chang hard fork soon, with over 70% of nodes ready for the upgrade The fork aims to improve decentralization and network coordination. Post-fork, Cardano will introduce a new governance system and a 1 billion ADA treasury. Centralized services like Coinbase and Binance are still updating their nodes.

🇧🇷Brazil has approved the launch of the first-ever physical Solana ETF This fund, managed by Vortex, will be available on the B3 stock exchange. It’s a major milestone not just for Brazil, but globally, as it opens up new ways for people to invest in Solana through traditional financial markets. This ETF is based on the CME CF Solana Dollar Reference Rate, highlighting Brazil’s leading role in integrating crypto into mainstream finance.

💰Capula Management, Europe’s fourth-largest hedge fund, bought almost $500 million worth of Bitcoin ETFs Capula management acquired 4,022,346 shares in the Fidelity Wise Origin Bitcoin ETF (FBTC) and 7,419,208 shares in BlackRock’s iShares Bitcoin Fund (IBIT), totaling about $464 million. This significant purchase indicates Capula's strong belief in Bitcoin's resilience, even amid recent market turbulence.

💪DeFi Remains Strong What we’re seeing today is an absolute all-around carnage. But there’s at least something good to note here, and it’s something that can be tested only in times like these: The DeFi ecosystem stands absolutely unaffected (for now). We’re seeing dumps in prices, of course, but more importantly, there are no major stablecoin or LST depegs. Let’s hope everything continues on this trend because we all know a DeFi blow-up is the last thing we need right now. Not only that, but DeFi protocols like AAVE thrive under pressure and activity. As of the last 24 hours, AAVE made a nice $6M worth of revenue.

📉U.S. spot Bitcoin ETFs experienced their largest single-day outflow in 90 days on 2 August, recording $237.45 million outflows Grayscale's recently-launched Bitcoin Mini Trust BTC was one of only two ETFs to log an inflow, netting a modest $9.88 million in additional funds. BlackRock's IBIT, the other ETF on the positive side, saw inflows of nearly $43 million

🚀Tether has made $5.2B net profit in the first half of 2024, more than some of the biggest companies in the world And they achieved all that with less than 100 employees. They are generating $20K each second, allowing them to invest most of their money into Bitcoin. They own 75,354 $BTC, worth $5B and $3.8B worth of gold, and also $97B in U.S. Treasuries, occupying the 20th spot in the world.

📊Solana surpassed Ethereum in monthly DEX trading volume for the first time in July 2024, reaching $55.876 billion, compared to Ethereum’s $53.868 billion Other outstanding performing chains include Arbitrum ($24.569 billion), BSC ($17.888 billion), and Base ($15.554 billion).

📉ZKX protocol has announced its discontinuation due to financial difficulties and low user engagement after raising $7.6M total funding Founded in 2021, ZKX aimed to create a scalable decentralized exchange for perpetual trading. ZKX previously received backing from Huobi, Crypto,com, and the Co-Founder of Polygon. All markets have been delisted, and users are encouraged to withdraw their funds by the end of August. The protocol's struggles include minimal trading volumes, high operational costs, and declining token value.

🤝Animoca Brands and LayerZero Labs have announced a strategic partnership aimed at enhancing cross-chain interoperability in the blockchain ecosystem This collaboration will leverage LayerZero's technology to improve connectivity between different blockchain networks, facilitating seamless transactions and interactions across various platforms. The partnership is expected to drive innovation and expand the capabilities of decentralized applications, benefiting developers and users in the Web3 space.

🇺🇸The U.S. government has transferred around $2 billion worth of Bitcoin connected to the Silk Road marketplace in multiple transactions This Bitcoin was seized during the crackdown on the marketplace's illicit activities. The movement of these funds has led to speculation about potential auctions or other uses for the seized assets by the government.

🔥U.S. Senator Cynthia Lummis has introduced a bill that proposes the U.S. Treasury purchase 1 million Bitcoin, valued at approximately $67 billion This initiative is part of her broader effort to integrate Bitcoin into the national financial strategy. The announcement was made at the Bitcoin 2024 conference and reflects her long-standing support for the cryptocurrency.

🔥$HEM Presale Started Hemera Trading offers a comprehensive set of tools and services for cryptocurrency trading on Binance and Bybit. The project has created an ecosystem where users can: 📲 Trade on Telegram: Execute & analyze trades directly via our Telegram bot. 🦾 Create Custom Bots: Automate and personalize your own trading strategies. 🔧 Automate Strategies: Implement and optimize our proven trading strategies. 🛠 Design Strategies: Build, backtest, and refine your own trading approach. With their advanced crypto bots, copy trading, and AI tools, Hemera provides everything an investor might need to succeed in the crypto world. $HEM is the native utility token of the ecosystem, designed to enhance user experience and engagement. It provides several key benefits: 💎 Utility within Hemera: Access premium features, pay for services, and use various trading tools. 💰 Staking and Rewards: Earn passive income and gain additional benefits by staking HEM Tokens. 🔖 Discounted Fees: Enjoy lower trading fees and transaction costs within the Hemera platform. 🗳 Governance and Voting: Participate in platform governance and decision-making processes. 🔐 Exclusive Access: Unlock advanced features, premium market analysis, and early access to new tools. The token is now in presale, with almost 10 ETH out of 25 already raised. For more information about Hemera and their presale check out the links below👇 Website | Telegram | Twitter | Discord | Presale #NFA #DYOR

📈Solana has surpassed BNB to become the fourth-largest cryptocurrency by market cap This milestone was achieved with SOL's market value increasing by 8.4% in the last 24 hours, reaching a 30-day gain of over 30%. The surge is fueled by optimism about potential SOL ETFs in 2025 and strong market performance. Solana now ranks as the third largest non-stablecoin cryptocurrency, following Bitcoin and Ethereum.

💰The Michigan Pension Fund has invested $6.6 million in the ARK 21Shares Bitcoin ETF This move follows similar investments by Wisconsin and Jersey City, highlighting a growing trend of institutional adoption of cryptocurrency. The investment shows increasing confidence in Bitcoin's potential as part of traditional investment portfolios, indicating a broader acceptance of digital assets.

⛏Bitcoin miner MARA, recently rebranded from Marathon Digital, purchased $100 million worth of Bitcoin, raising its holdings to over 20,000 BTC This represents nearly 0.1% of bitcoin's total supply. MARA will adopt a full "HODL" strategy, retaining all mined bitcoin and making periodic purchases. The acquisition likely involved around 1,500 BTC bought between $54,000 and $68,000. MARA aims to leverage its balance sheet and capital markets for future operations, reflecting confidence in bitcoin's long-term value.

🚀Ethereum ETFs had a total inflow of $107M in the first day of trading, and a volume of $1.1B Grayscale ETHE led with $39.7 million, followed by Bitwise ETHW with $25.5 million, BlackRock ETHA with $22.5 million, and Fidelity FETH with $15.2 million. Wintermute estimates Ethereum ETFs could attract up to $4 billion in inflows over the next year, lower than most analysts' predictions of $4.5 billion to $6.5 billion. Citi Bank estimates Ethereum spot ETFs could see net inflows of $4.7 billion to $5.4 billion over six months, about 30%-35% of Bitcoin ETF inflows while JPMorgan are on the more pessimist side, with a prediction of $3B inflow until the end of the year.

🔥BLOCKLORDS Goes Live on Top Tier CEXs BLOCKLORDS, developed by MetaKing Studios, is a Web3 medieval grand strategy game with a player-driven narrative. The project offers diverse playstyles like farming, fighting, and ruling. Innovative gameplay mechanics challenge players, creating a dynamic experience close to the one of triple-A games⚔️ The player-powered economy adds realism, while strategic choices impact alliances and outcomes, making the ending unpredictable. 💸Multiple currencies, including LRDS, ALE, and Influence, are vital for the ecosystem. LRDS plays a dual role in gameplay and governance, rewarding strategic play and community engagement. ALE, exclusive to the Dynasty system, serves as the core of the economy. The Brewery transforms harvested Grain into ALE, requiring time, strategy, and Hero involvement. The game embraces blockchain integration, setting it apart in the realm of strategy gaming, but traditional players are not required to understand NFTs and the Web3 features of the game🚀 P.S. — The platform's governance token, LRDS, will go live on several exchanges (including MEXC, Kucoin and Gate) TODAY at 13 pm UTC. For more information, check out the links below👇 Website | Twitter | Telegram | Discord #NFA #DYOR

⚽️Real Bedford FC has acquired $4.5 million worth of Bitcoin, aiming to reach the Premier League The purchase increases their holdings to 82.7 BTC, worth about $5.37 million. Club Chairman Peter McCormack emphasizes the move for financial stability and sustainability. Supported by Gemini founders Cameron and Tyler Winklevoss, the investment bolsters the club's strategy to become the first Bitcoin Club and secure long-term success.

📈NFT sales maintain their upward momentum, with the total sales volume exceeding $107 million recently This growth is driven by notable NFT collections and increased adoption across various sectors such as digital art, gaming, and virtual real estate. Data from the last week shows a steady increase in both the number of unique buyers and the average price per NFT, the number of buyers last month reaching 488,141. The numbers of sellers also grew by 69%, to a total of 198,450. Ethereum remains the leading blockchain for NFT transactions, followed by other networks like Solana and Flow.

🇺🇸Donald Trump is considering BlackRock CEO Larry Fink as Treasury Secretary Larry Fink, known for his influence in the financial sector and BlackRock's significant holdings in cryptocurrencies, has emerged as a potential pick. This choice signals Trump's continued interest in aligning with influential figures in the crypto industry. Jamie Dimon, CEO of JPMorgan Chase, and billionaire hedge fund manager John Paulson are 2 other possible options for trump to choose from.

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⚠️Mt. Gox vreditors hit by failed login attempts amid repayments Creditors of the defunct Mt. Gox exchange have reported numerous failed login attempts as the platform progresses with its repayment process. These security concerns arise as the exchange begins distributing Bitcoin and Bitcoin Cash to creditors, who have waited nearly a decade for compensation following the 2014 hack.

🚀The TON Foundation is launching TON Teleport BTC to enhance Bitcoin's utility on the TON blockchain This initiative aims to enable seamless and efficient Bitcoin transactions within the TON ecosystem, leveraging the speed and low transaction costs of the TON blockchain. It is expected to provide more robust use cases for Bitcoin holders and integrate Bitcoin more deeply into the DeFi space on TON.

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🇷🇺Russia's Ministry of Finance has proposed allowing traditional exchanges to handle crypto asset trading for a select group of qualified investors The proposal includes the creation of special regulations for digital currency trading under exchange licenses. The draft response also discusses crypto mining regulation and crypto settlements in an experimental legal regime, aiming to recognize digital currencies for foreign exchange transactions and trade agreements.

🔥UXLINK Goes Live on Top Tier CEXs UXLINK is a leading user-driven web3 social platform designed for mass adoption, functioning as a social DEX and social infrastructure🚀 It enables users to create and manage their web3 networks with wallets, decentralized identifiers (DIDs), and profiles, allowing them to discover, engage with, trade, and invest in crypto projects socially and in groups. 💸A user can leverage their social network to contribute traffic, data, and engagement, facilitating activities such as social games, social marketing, and Dapp growth. Dapps use the user’s network to reach new audiences, rewarding them for their contributions. UXLINK allows users to engage in web3 interactions on various topics within a safe environment, leading to better benefits and deeper engagement. Additionally, users can take on leadership roles in group activities, influencing other users and earning extra incentives. The platform uses a dual-token system: utility points ($UXUY) and a governance token ($UXLINK). Users earn $UXUY through the Proof of Link (POL) mechanism by inviting others and contributing to the ecosystem💰 The $UXLINK governance token, enables community governance and project benefits. $UXLINK provides voting rights and is used by developers and users for Dapps, protocols, commissions, and gas fees. $UXLINK will go live on OKX on July 18th at 8:00 a.m. UTC. The trading will also open Gate, Bitget, Bitfinex, HTX and more🚀 UXLINK aims to foster a vibrant, engaged web3 community, leveraging decentralized social interactions and financial integrations. For more information, check out the links below👇 Website | Twitter | Litepaper | Telegram #NFA #DYOR

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📈Trump Media Shares Soar on reelection bid boost Shares of Truth Social's parent company, Trump Media & Technology Group, soared after an attack incident boosted Donald Trump reelection bid. The surge reflects increased investor confidence in the platform's influence on political discourse and Trump's campaign prospects.

🇺🇸The U.S. SEC has concluded its investigation into Paxos with no enforcement action against the company regarding its Binance USD $BUSD stablecoin This decision follows a Wells Notice issued last year, suggesting potential action. Paxos has maintained that BUSD is not a security under federal laws and views the end of the investigation as a positive development, likely spurring further stablecoin adoption.

🖼️Ubisoft is incorporating NFTs into its upcoming RPG, Champions Tactics This integration will leverage the HOME Verse blockchain, certified by Oasys. Despite previous market challenges with NFTs, Ubisoft continues to explore blockchain technology, aiming to enhance the gaming experience with unique digital assets.

Tron is developing a gas-free stablecoin solution aimed at addressing the high transaction fees associated with decentralized finance This initiative involves leveraging technologies that allow transactions on the Tron network to be executed without incurring traditional gas fees, which are typically a significant barrier for users. One of the key strategies being employed is the use of meta-transactions, where the gas fees are paid by liquidity providers instead of the end-users. This approach enhances the user experience by eliminating the need for users to manage and pay for transaction costs, thus making DeFi more accessible and user-friendly. Additionally, Tron is exploring the potential of staking mechanisms to offset gas fees. By staking TRX, users can earn energy and bandwidth, which are used to cover transaction costs, thereby enabling gas-free transactions for TRC-20 tokens. This not only makes transactions more cost-effective but also promotes greater network efficiency and scalability

📈**Polymarket, a prediction market platform, experienced record trading volumes in June 2024, reaching $111.56 million** This surge was driven by bets on the 2024 U.S. presidential election, particularly during the first debate between Donald Trump and Joe Biden, which alone saw $8.2 million in betting volume. The platform now holds over 85% of the global market share for election betting, with popular bets focusing on the election winner, party nominees, and key political figures’ participation.

⏳Mt. Gox creditors may need to wait up to three more months to receive their Bitcoin repayments Initially expected to start from March 10, 2023, with a final deadline of September 30, the repayment process has now been extended to October 31, 2024. This extension is due to the time required for verifying repayment information and coordinating with financial institutions. Despite the overall delay, some creditors might start receiving their payments by the end of this year, as repayments will be processed sequentially based on the submission of necessary information. The total repayment includes a mix of Bitcoin, Bitcoin Cash, and Japanese Yen, with the first 200,000 yen worth of each creditor’s claim paid in yen and the remaining amount split between crypto and fiat.

🔥DOP — Enhancing Blockchain User Privacy DOP is a platform that introduces the concept of user-controlled selective disclosure of on-chain data. Users can choose to selectively disclose certain account information and transaction details, while keeping other data points private. For example, a user could showcase their NFT publicly to build their brand, while keeping their account balances or transaction patterns concealed. Or only share transaction data with certain approved counterparties, while keeping it hidden from the general public👀 ⚔️By empowering users with control and flexibility over their data exposure, DOP enables wider mainstream blockchain adoption by those who value their financial privacy. At the same time, the project provides tools to blacklist illicit activity, maintaining accountability and ethical standards. DOP platform, built as a protocol on top of Ethereum, enables this new paradigm of selective transparency. Users can transact freely with the selectivity and control they desire over their data and visibility🚀 Today, the platform went live on Bitget, Kucoin, Gate, Bitfinex, Bybit and Mexc with $DOP, its governance and utility token. The $DOP token has two main utilities: 🔸Fees Payments: Usage of DOP’s data ownership features incurs fees payable in DOP tokens. Of the paid fees, 75% gets burned and 25% is distributed to stakers. 🔸Governance: When new proposals are introduced by the community, such as adding a new feature or changing parameters, eligible DOP holders can participate in determining the outcome through a convenient UI dashboard. For more information about the project and its token, follow the links below👇 Website | Twitter | Discord | Telegram #NFA #DYOR

🖼Ubisoft continues to pursue its interest in blockchain technology and NFTs despite mixed reactions from the gaming community The company has partnered with Immutable to enhance its efforts in the web3 space. Previously, Ubisoft launched its own NFT platform, Quartz, which allowed players to buy and sell in-game items as NFTs. However, the platform faced criticism and skepticism from gamers who were wary of the integration of blockchain elements into traditional gaming.

🏦DBS Bank has become the first financial institution to offer stablecoin custody services The collaboration with Paxos will allow DBS Bank to provide secure and regulated custody solutions for stablecoins, catering to the increasing demand for digital asset management among institutional clients.

💳Farcaster, the decentralized social network rival to X, is integrating USDC payments within its app. This development allows users to make seamless, fast, and secure transactions using USDC, enhancing the platform's functionality and user experience. The integration aims to promote the adoption of digital payments within the Farcaster community, offering an efficient way to manage and transfer funds.

The T-Rex Group has filed for a new ETF that offers 2x long and inverse exposure to MicroStrategy stocks This proposed ETF aims to provide leveraged and inverse performance linked to MicroStrategy's stock, allowing investors to capitalize on both upward and downward movements of the stock's price. MicroStrategy is known for its substantial Bitcoin holdings, making its stock price highly sensitive to Bitcoin's market performance. By offering both long and inverse leveraged positions, the T-Rex Group's ETF would enable investors to potentially amplify their gains based on MicroStrategy's stock volatility, which is largely influenced by Bitcoin's price fluctuations.

💰In the 2nd quarter of 2024, the cryptocurrency sector experienced hacks amounting $573 million The breakdown of these losses includes several high-profile incidents. Notably, the report identifies the biggest single loss from the hack of a DeFi protocol, which resulted in over $200 million in stolen funds. Other significant events involved phishing attacks, exploitations of smart contract vulnerabilities, and rug pulls, where project developers disappeared with investors' funds.

👮‍♂️Celebrities that promote memecoins are facing legal risks Memecoins created or promoted by celebrities can bring big profits and attention but also serious legal issues. In May alone, over 500,000 tokens were launched, showing a huge increase in meme coin offerings. With sites like Pump dot fun, anyone can easily create and launch a meme coin. Social media and trading bots make it easier than ever for these coins to go viral and generate large profits. Celebrities endorsing cryptocurrencies and NFTs face heightened legal risks, including potential charges for misleading advertising, non-disclosure of financial interests, and involvement in fraudulent schemes. Regulatory bodies like the SEC mandate proper disclosure of compensation for such promotions. Notable cases have seen celebrities penalized for failing to meet these standards. To avoid legal repercussions, it is crucial for celebrities to ensure compliance with legal and regulatory requirements when endorsing digital assets.

📣3iQ Digital Asset Management has announced plans to launch the first Solana ETP in North America The Solana Fund (QSOL) will be listed on the Toronto Stock Exchange, offering investors exposure to Solana and staking yields estimated between 6-8%. This move follows 3iQ’s successful Bitcoin and Ether funds. The Solana ETP aims to provide institutional-grade access to Solana, reflecting growing interest in blockchain technology and digital assets in the Canadian market.

💰Gemini crypto exchange founders donate 30.94 Bitcoin worth $2 million to Donald Trump to "put an end to the Biden Administration's war on crypto" The Winklevoss brothers, founders of the Gemini cryptocurrency exchange, have donated $1 million in Bitcoin to Donald Trump’s campaign. They criticized the Biden Administration for its regulatory stance on crypto, claiming it has targeted the industry. This donation aligns with Trump’s recent comments at a San Francisco fundraiser, where he positioned himself as a supporter of cryptocurrency and criticized Democratic regulatory efforts.

🎯Arkham Intel posted a $150,000 bounty for the DJT token founder Arkham Intelligence has announced a $150,000 bounty to identify the creator of the Trump-themed DJT token. This initiative is part of Arkham's broader efforts to enhance transparency and accountability in the cryptocurrency space by leveraging community-driven investigations. The DJT token has gained significant attention due to its association with former President Donald Trump and its notable market activity. By offering this substantial reward, Arkham aims to uncover the identity behind the token, highlighting the importance of transparency in blockchain projects and the effectiveness of crowd-sourced intelligence in achieving it.

🤝Fox Partners With Time to Employ its Blockchain Protocol for Content Verification Fox Corporation and Time have partnered to utilize Fox's Verify protocol, which leverages blockchain technology to combat misinformation and ensure the authenticity of journalistic content. Verify, initially launched on Polygon’s proof-of-stake network, will transition to its own zero-knowledge blockchain, enhancing security and enabling provable content projects.

💲Tether unveils gold backed synthetic dollar Tether, the issuer of the dominant stablecoin USDT, just launched Alloy, a platform for creating new tokens backed by their existing gold-backed token XAUT. The first product is aUSDT, a synthetic dollar "supported" by real gold stored in Switzerland. Unlike traditional stablecoins pegged to the US dollar, aUSDT derives its value from gold. Users can mint aUSDT by depositing XAUT as collateral, with a maximum limit of 75% of the collateral value. This marks Tether's foray into tokenization and offering innovative financial instruments within the crypto ecosystem.

🐳CZ, the founder and CEO of Binance, holds approximately 64% of the circulating supply of Binance Coin BNB This large ownership stake has significantly contributed to his substantial wealth, positioning him among the world's richest individuals with an estimated net worth of $61 billion. His dominant share in BNB, alongside his 90% equity stake in Binance, underscores his influential role in the cryptocurrency market. BNB, initially launched through an ICO in 2017, has grown to become the fourth-largest cryptocurrency by market capitalization.

✅Arbitrum DAO approved $215 million gaming ecosystem fund The Arbitrum DAO has approved a $215 million gaming ecosystem fund proposed by the Arbitrum Foundation. This fund aims to boost the development of blockchain-based gaming projects on the Arbitrum network. It will provide grants, investments, and other financial support to developers and gaming startups, encouraging innovation and growth in the sector. This strategic move is expected to attract a wide range of gaming applications and enhance the overall Arbitrum platform.

💳Binance allows crypto purchase with credit cards again Binance announced that users can now purchase cryptocurrencies using Mastercard and Visa directly on its platform. This move aims to make crypto transactions more accessible and user-friendly by allowing the use of widely accepted payment methods. However, Binance clarified that it has no plans to issue a Binance-branded credit card at this time. This integration with Mastercard and Visa is part of Binance's ongoing efforts to enhance its service offerings and improve the overall user experience.

🤝Trading platform Robinhood has agreed to buy U.K.-based crypto exchange Bitstamp for $200 million in cash This acquisition is part of Robinhood broader plan to enhance its global footprint and diversify its service offerings in the cryptocurrency market. Bitstamp, one of the oldest crypto exchanges, is known for its robust security measures and user-friendly interface, supporting a range of fiat currencies and offering competitive fees. By integrating Bitstamp's capabilities, Robinhood aims to offer a wider array of crypto services and trading pairs, making it a more attractive platform for international users. This acquisition will also help Robinhood leverage Bitstamp's established market base in Europe and beyond, providing its customers with a more comprehensive and secure trading experience.

🚀Bitcoin ETFs record $2.4 billion inflows in 3 weeks Bitcoin ETFs have seen a surge in positive flows, with up to $105 million recorded on June 3, bringing the cumulative inflows to nearly $2.40 billion in the last three weeks. The spike in inflows coincides with an increase in global liquidity, which can be attributed to broader market sentiment and economic conditions. Bitcoin's price usually reacts positively to increases in the money supply and inflation concerns, as investors see BTC as a hedge against traditional fiat currencies. Bitcoin ETF inflows for the last two weeks have averaged $136 million per day, indicating that Bitcoin is in an accumulation phase.

🔥Tap Protocol – Brining DeFi to Bitcoin TAP is a protocol that makes the creation of NFTs, dApps, and tokens possible directly on Bitcoin. With its new features, the world's oldest and most popular blockchain could match Ethereum in functionalities, becoming the ultimate DeFi tool. Here are just some of its features: 🔸Smart Contracts: TAP introduces the first native smart contracts on Bitcoin. Known as Primises, these smart contracts allow for more complex and trustless interaction within the ecosystem. 🔸Fractionalized Ordinals: TAP brings a new level of accessibility to unique digital art. With TAP, micro-ownership of these assets is now possible, making them more accessible to a wider audience. 🔸Token Swaps and Liquidity Pools: TAP enhances the market depth and user empowerment by facilitating seamless exchanges and liquidity provision. 🔸Borrowing, Lending, and Staking: Users can borrow against their holdings, lend to earn interest, and stake tokens to gain rewards and enhance network stability. For more information about the project, tune into our Space held tomorrow at 1 PM UTC on Satoshi Talks! P.S.: We’re giving away WL spots for the Tap Protocol Coinlist sale🚀 #NFA #DYOR

Tap Protocol – Brining DeFi to Bitcoin TAP is a protocol that makes the creation of NFTs, dApps, and tokens possible directly on Bitcoin. With its new features, the world's oldest and most popular blockchain could match Ethereum in functionalities, becoming the ultimate DeFi tool. Here are just some of its features: 🔸Smart Contracts: TAP introduces the first native smart contracts on Bitcoin. Known as Primises, these smart contracts allow for more complex and trustless interaction within the ecosystem. 🔸Fractionalized Ordinals: TAP brings a new level of accessibility to unique digital art. With TAP, micro-ownership of these assets is now possible, making them more accessible to a wider audience. 🔸Token Swaps and Liquidity Pools: TAP enhances the market depth and user empowerment by facilitating seamless exchanges and liquidity provision. Borrowing, Lending, and Staking: Users can borrow against their holdings, lend to earn interest, and stake tokens to gain rewards and enhance network stability. 🔸 For more information about the project, tune into our Space held tomorrow at 1 PM UTC on Satoshi Talks! P.S.: We’re giving away WL spots for the Tap Protocol Coinlist sale. #NFA #DYOR

📉NFT sales volume down 54% in May In May 2024, NFT sales experienced a significant decline, with global sales volume dropping to $624 million, down 54% from April's volume of over $1 billion. Major blockchains like Bitcoin, Ethereum, and Solana saw notable decreases in NFT sales. Bitcoin-based NFTs recorded $179 million in sales but experienced a 68% decline from April. Ethereum and Solana NFTs also saw downturns, with sales volumes decreasing by 55% and 48%, respectively. Among the top 10 NFT collections, Solana's Mad Lads, Ethereum's CryptoPunks, and Bored Ape Yacht Club (BAYC) were the most affected. BAYC sales volume dropped by 54%, Mad Lads by 44%, and CryptoPunks by 41%.

📈Bitcoin addresses with positive balances have surpassed 52.5 million, reflecting significant growth since 2020 This milestone indicates increasing adoption and usage of Bitcoin as more individuals and entities hold positive balances. The steady rise in addresses with positive balances suggests a growing interest in Bitcoin as a digital asset, highlighting its expanding role in the financial ecosystem. This growth in the number of Bitcoin holders demonstrates broader acceptance and integration of Bitcoin into mainstream financial practices. It also underscores the resilience and appeal of Bitcoin amid various market conditions, as more users continue to accumulate and hold the cryptocurrency.

🚀Mastercard has launched its Crypto Credential, enabling users to send and receive crypto using simple aliases instead of complex blockchain addresses The pilot program, now live on Bit2Me, Lirium, and Mercado Bitcoin exchanges, facilitates secure blockchain transactions between Latin American and European corridors. Users in multiple countries, including Argentina, Brazil, France, and Spain, can perform cross-border and domestic transfers across various currencies and blockchains. The first real-world application of Mastercard Crypto Credential, revealed at Consensus in 2023, aims to expand domestic and cross-border remittance markets. The program's initial rollout will be limited, with wider availability planned for over 7 million users across participating exchanges in the coming months.

🚀The total value locked on TON blockchain has surpassed $300 million for the first time, marking a significant milestone with an over tenfold increase since early March This rapid growth in TVL is largely attributed to The Open League, an ongoing ecosystem initiative that incentivizes users to engage with TON’s top decentralized applications. Recently, TON onboarded 1 million wallets during the token generation event for Notcoin, a viral clicker game created as a Telegram Mini App. TON’s robust architecture facilitated these transactions without network outages, increased fees, or processing delays. Telegram Mini Apps are small applications integrated into the Telegram messaging platform, allowing seamless interaction with various services without leaving the application.

🔥Last Week’s in Crypto SEC Approves 8 Ethereum ETFs; DOGE Meme Icon Kabosu Passes Away; Trump Campaign to Accept Crypto Donations… The steady flow of cryptocurrency news keeps coming, and it's getting trickier to stay updated. But for those keen to know the latest blockchain, let's explore the interesting bits from the last week! The Highlights of the Week: ✔️Spot Bitcoin ETFs Record Net Inflows ✔️ICP Smart Contracts Work With Any EVM ✔️Aptos Hits ATH in User Transactions ✔️MetaMask Intends to Add Bitcoin Support ✔️Coinbase Brings Back XRP Support ✔️Elixir Games Partners with Ava Labs ✔️Cristiano Ronaldo Unveils 4th NFT Collection ✔️Uniswap Labs Responds to Wells Notice ✔️OKX Withdraws License Application in Hong Kong ✔️WisdomTree Secures Approval for Bitcoin ETP on LSE Next Week’s Events ✔️Stargate Finance V2 ✔️United States GDP Growth ✔️Ethereum Classic Halving ✔️Euro Area Inflation Rate ✔️Stable Releases of Stellar Core, Horizon, RPC Do you want more news? You can find them in our most recent newsletter. Read it now!

🚀Aptos reaches record 115.4 million daily transactions Aptos has set a new record with an astounding 115.4 million daily transactions, significantly outpacing Solana's 31.7 million transactions. This impressive achievement was largely driven by the launch of Tapos Cat, a tap-to-earn game that alone processed 10 million transactions on its first day. The surge in activity also pushed Aptos's transactions per second to a peak of 32,000, showcasing the platform's capability to handle high volumes of transactions efficiently. The platform managed to maintain consistent gas fees and transaction success rates, thanks to its Aggregator feature that processes multiple transactions simultaneously. Aptos continues to innovate and expand its reach, having recently introduced new global advisers, including former Google VP David Lawee. Additionally, Aptos Labs plans to launch a Web3 wallet service, T wallet, in collaboration with South Korean telecom operator SK Telecom.

📢 Uniswap Labs launches Across Protocol with ERC-7683 to enable cross-chain intents This protocol aims to revolutionize the way users interact with decentralized finance by enabling cross-chain intents, significantly enhancing the interoperability of blockchain networks. The ERC-7683 standard is designed to facilitate cross-chain operations, allowing users to execute transactions across different blockchain networks seamlessly. This development addresses one of the major challenges in the DeFi space – the fragmentation of liquidity and functionality across multiple chains. Uniswap Labs’ Across Protocol is poised to significantly impact the broader DeFi ecosystem by making cross-chain interactions more efficient and user-friendly. This can attract more users to DeFi platforms, driving growth and innovation in the space.

📢 Tether now holds more US treasuries than Germany Tether, the issuer of the USDT stablecoin, now holds $86 billion in US Treasury bills, surpassing the holdings of Germany. This milestone reflects Tether's substantial influence and presence in the global financial markets. By holding more US Treasuries than a major national economy, Tether underscores its role as a significant player in the world of digital assets and finance. The substantial reserves backing USDT provide stability and confidence in the stablecoin, which is widely used in the cryptocurrency market for trading and transactions. This development also highlights the growing integration of cryptocurrencies with traditional financial instruments and institutions. As Tether continues to expand its holdings, its impact on both the crypto and traditional financial markets is set to increase.

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📉Over 80% of tokens recently listed on Binance are currently trading below their initial listing price From the 31 analyzed tokens, only five coins have appreciated, including Memecoin, Ordi, the Solana-based Jupiter token, Jito and Dogwifhat. Despite having no venture capital backing, the Ordi token was the most profitable, up over 261% since its launch, while controversial memecoin Dogwifhat took second place, with an over 117% price increase. Despite Binance’s reputation for listing promising projects, a significant majority of these tokens have failed to maintain their value over time.

🎰Crypto casinos could onboard millions of users into Web3 The CEO of MyPrize, a prominent figure in the gaming and blockchain industry, has stated that crypto casinos have the potential to onboard millions of users into the Web3 ecosystem. Crypto casinos leverage blockchain technology to offer transparent, secure, and fair gaming experiences. By integrating cryptocurrencies for transactions, these platforms provide users with fast and low-cost payment options. The CEO emphasized that the accessibility and appeal of crypto casinos make them an ideal gateway for introducing new users to Web3, fostering greater familiarity and comfort with blockchain-based applications. Moreover, the innovative features of Web3, such as DeFi and NFTs, can be seamlessly incorporated into the gaming experience, offering players unique rewards and ownership opportunities.

📉The Runes protocol activity dropped 95% from it's peak only 3 weeks after launch The Runes protocol, which debuted on the Bitcoin blockchain, saw an explosive start coinciding with Bitcoin's halving event, generating an impressive $135 million in transaction fees during its first week. This initial surge in activity indicated a high level of investor interest and competition for block space, significantly benefiting Bitcoin miners. Despite the strong launch, the protocol has experienced a noticeable decline in engagement. By May 10th, activity levels reached their lowest, with a sharp drop in new mints and wallets interacting with the protocol. This decline poses significant challenges for Runes, testing its ability to maintain user interest and activity beyond the initial excitement.

Base dominates the SocialFi sector, capturing 46% of transactions Coinbase's Layer 2 solution, Base, has rapidly grown to dominate the SocialFi sector within the Ethereum ecosystem, accounting for 46% of transaction activity. This significant market share is partly due to successful integrations with social platforms, particularly Friend.Tech, where user engagement is high. Base has also seen substantial inflows of USDC and Ethereum, enhancing its liquidity and utility. This growth is supported by its seamless connectivity with Coinbase's extensive user base, enabling efficient, low-cost transactions and fostering a robust development environment for decentralized applications.

💰Fantasy Top, a Blast L2 game, has become one of the most profitable crypto apps "Fantasy Top," an Ethereum-based NFT game, has emerged as one of the most profitable crypto applications, earning significant revenue by selling NFT card packs and collecting fees on its secondary marketplace. The game involves creating lineups of heroes, represented as NFTs, based on crypto influencers, whose performance is linked to their social media engagements. This has placed "Fantasy Top" among the top earners in the crypto space, even surpassing some major blockchains by fees generated.