Yesterday's XRP move resulted in $303 million in liquidations. Shorts took out $216 million and the rest was taken for corrections from particularly greedy longs. Binance, OKX and Bybit shaved the most 😋

XRP never reached $1, now the rate is consolidating near $0.8. Coinbase has already resumed XRP trading, and Gemini, Kraken and Crypto com are ready to do it soon. But it's not enough for a new pampa yet 🙃

BTC is holding above $31k, Ethereum is trading very close to $2k. Let's hold our fists that this is finally an exit from the resistance zone, because in case of a fake breakout - all yesterday's growth may be nullified 😳

Multichain team submitted a hacking report and effectively shut down the project. Funds were withdrawn through the accesses of founder Zhao Jun and his sister, who were taken away to an unknown destination by Chinese police 🤬

🔹 Top 3 in 24 hours:
XRP - $0.7743 (↑64.51%)
Stellar - $0.1481 (↑52.65%)
Solana - $28.32 (↑28.24%)

Remember today's news about the sharp rise in the share of TUSD among all the stablecoins? It happened after the introduction of zero commissions in the BTC-TUSD trading pair on Binance.

But that's not all. According to Kaiko analysts, this crypto exchange accounts for 99 percent of all TUSD trades. The remaining percentage is distributed between KuCoin, HitBTC and

Singapore court recognizes cryptocurrency as property 🤯

The High Court of Singapore, considering the case of the Bybit exchange, issued a judgment recognizing the cryptocurrency as property that can be transferred under trust management.

New sale on CoinList — Chainflip 💸

Chainflip is a decentralized exchange that allows cross-chain swaps.

Registration for the sale is open until August 28. The sale itself will take place on August 31, 2023 at 20:00 Kyiv / Moscow time.

• Supply: 4,500,000 FLIP
• Allocation - $100-$4000.
• Price - $1.83.
• Unlock - 100% on TGE, most likely on October 24, 2023.
• Number of seats: 10,000 (provided that all participants redeem the allocation of $500).

Allocation can be increased up to $8,000. To be eligible to participate in the sale, you will need to top up your balance on CoinList in advance, the minimum amount is $100.

At night, hackers once again hacked the pool on Curve Finance 🤯

This time, the Zunami Protocol and its UZD stablecoin were hacked. Losses amounted to more than $2 million.

Overnight, the stablecoin fell 99%, the current price is $0.005.

There are no details, the developers are investigating.

Who is next?

New Glassnode Indicator: Realized Loss Momentum 👆

The new metric is announced as a tool for short-term investors and should show market turning points.

But for now, if the signal is not false, it shows the possibility of continuing the correction by analogy with the fall of 2019 😕

Breaking: FTX Claims Agent Kroll’s Cybersecurity Breach Compromised Claimants Data

https://coingape.com/breaking-ftx-claims-agent-krolls-cybersecurity-breach-compromised-claimants-data/?utm_source=mike&utm_medium=telegram

A major withdrawal of bitcoins from crypto exchanges continues. The total balance of VTS has fallen to values as far back as 2017 (santiment)
All this is happening against the backdrop of falling trust in centralized exchanges and stricter regulation of the industry.

Binance Removes Cardano, MATIC, Pepe Coin, BTC & 35 Other Liquidity Pools, What It Means?

https://coingape.com/binance-removes-cardano-matic-pepe-coin-btc-35-other-liquidity-pools-what-it-means/?utm_source=mike&utm_medium=telegram

China will never overtake the US 👀

Analysts believe that the gap between the Chinese and American economies may narrow. But China is unlikely to ever come out on top.

A year ago, no one doubted that China would become the top 1 economy in the world, and they simply argued in which year this would happen.

Something went wrong... 😳

Hacking a casino and betting the Stake platform for $40 million 🤯

It is reported that, most likely, the platform was hacked for about $40 million, part of the money was in the ETH network, the remaining $25.6 million was stolen from the BSC and Polygon networks.

So far, there are confirmations only for ~$16 million. The scammer transferred the stolen funds into ETH and distributed them to 4 addresses.

The Stake platform is specialized in betting, casino and other gambling games.

The creators have not yet commented, perhaps this is a mistake, we are waiting for details.

It turns out that the casino does not always win ...

Breaking: IMF And FSB Releases G20 Summit Paper On Crypto Asset Regulation

https://coingape.com/imf-fsb-releases-g20-paper-crypto-asset-regulation/?utm_source=mike&utm_medium=telegram

Remember FTX's native token called FTT? Today, its rate lags behind the historical maximum by almost 99 percent, moreover, the scenarios for using the token, taking into account the collapse of the trading platform, raise questions.

Despite all this, FTT trading on centralized exchanges continues. Moreover, weekly token trading volumes are measured in hundreds of millions of dollars.

Breaking: Coinbase To Suspend Trading Services In India By the Month-End

https://coingape.com/breaking-coinbase-to-suspend-trading-services-in-india-by-the-month-end/?utm_source=mike&utm_medium=telegram

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Breaking: NYDFS’ Proposed Framework For Crypto Listings And Delistings – WSJ

https://coingape.com/breaking-nydfs-proposed-framework-for-crypto-listings-and-delistings-wsj/?utm_source=mike&utm_medium=telegram

Billionaire Mark Cuban had $870,000 stolen from his MetaMask 😬

He said that he most likely downloaded a fake MetaMask application.

He transferred all remaining funds to the Coinbase exchange.

Be careful...

Breaking: Amazon To Invest $4 billion In OpenAI Rival Anthropic

https://coingape.com/amazon-to-invest-4-billion-in-openai-rival-anthropic/?utm_source=mike&utm_medium=telegram

Currently, USDT's market share on the Binance cryptocurrency exchange is 77 percent, meaning Tether's stablecoin remains the most popular stable-value instrument among traders.

This is a 15-month high after the trading platform abolished zero commissions for transactions in the BTC-TUSD pair.