BitMart Considers Partial Restart
Crypto exchange BitMart is weighing a partial restart and creditor payouts, weeks after announcing its shutdown. The exchange has hired restructuring counsel White & Case, with a detailed roadmap expected by September 9.
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Sandbox Disables Bridging on Base and BNB Chains Following Exploit
Web3 gaming network Sandbox has taken steps to isolate tokens after an exploit was detected. The company has disabled bridging on affected networks and warned users not to trade SAND on Base and BNB, citing a minimal impact of under 0.01% of supply. The situation is ongoing, and further details are not available at this time.
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Bitcoin Under Siege: Group of Developers Scans for AI-Exploitable Flaws
A group of 20-odd developers is on high alert, scanning the Bitcoin ecosystem for potential vulnerabilities that could be exploited by AI-powered attackers. With the rise of cheap and powerful AI models, hackers now have unprecedented reach and capabilities, making it crucial for developers to stay one step ahead. This group is working tirelessly to identify and fix any flaws that could compromise the security of the Bitcoin network.
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🇺🇸 Ray Dalio warned the US could face a debt crisis within three years unless it cuts its deficit to 3% of GDP.
He said rising debt supply, weak Treasury demand and money printing favor gold and Bitcoin over bonds.
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Justin Sun says his World Liberty lawsuit involving $45M is a fight over whether issuers can freeze user assets.
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Eric Trump denied claims Donald Trump is launching a new coin, calling them false and fraudulent.
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Super Micro Finds No Evidence of Nvidia Diversion
Super Micro has concluded its probe into allegations that Nvidia diverted $2.5 billion to China. The company found no evidence that management was aware of the alleged diversion.
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POV: You shorted the historic low
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🇺🇸 OpenAI supports California’s SB 53 and urges frontier-model monitoring and stronger cybersecurity safeguards.
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Phantom will end support for Sui on September 24, urging users to move funds or swap assets beforehand with fees waived.
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🇺🇸 ETF FLOWS
Crypto spot ETFs saw broad net inflows last week, with BTC leading at $1.92B and ETH at $697.18M.
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Crypto spot ETFs saw broad net inflows last week, with BTC leading at $1.92B and ETH at $697.18M.
BTC: $1.92B
ETH: $697.18M
XRP: $39.78M
SOL: $28.34M
LINK: $13.35M
HYPE: $3.89M
AVAX: $1.30M
HBAR: $848.19K
DOGE: $654.42K
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Crypto Week Ahead: Key Events
The upcoming week is set to be eventful for the crypto market, with several key events on the horizon. The Jackson Hole Symposium, a prominent economic conference, is scheduled to take place, potentially influencing market sentiment. Additionally, the U.S. Personal Consumption Expenditures (PCE) prices will be released, providing insight into inflation rates. IREN, a renewable energy company, is also set to announce its earnings, which may have implications for the crypto market. As these events unfold, market participants will be closely watching for any potential impacts on the crypto space.
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Trump and Melania Memecoins Pump Over 100%
The memecoins TRUMP and MELANIA have seen significant price increases since the August 19 crypto summit at the White House. The crypto community is expecting further potential price pumps before the November midterm elections to the US Congress.
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Bitcoin Rallies Attract New Crypto Buyers, Study Finds
A recent Fed experiment has shed light on how bitcoin rallies influence the adoption of cryptocurrencies. Households shown bitcoin's prior-year return were 23% more likely to report owning crypto in a follow-up survey, suggesting a correlation between the two. The findings are based on an unverified source and require further investigation to confirm their accuracy.
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Bitcoin Steadies Near $78,000
Bitcoin's price remains relatively stable near $78,000 after a significant 24% surge last week. The surge was triggered by a Treasury buyback announcement that affected short positions, resulting in over $3 billion in losses. Meanwhile, gold prices are rising, and altcoins are consolidating after their best week in three years.
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🔥 Circle minted 500,000,000 $USDC on Solana.
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