📃Evening digest of news about events in the crypto world
⚡️Europe’s largest German miner Northern Data AG, in which Tether holds a stake, will increase its authorized capital by 20% by issuing shares. The company intends to expand its data centers in Europe and the US, as well as develop its cloud platform by purchasing GPUs from NVIDIA
⚡️Colin Wu: spot and derivative trading volumes on the largest centralized exchanges (CEXs) fell by 17% and 19% in June. Only MEXC showed growth in both indicators (+13% and 2%). Among Russians, the most popular platforms were Bybit, Bitfinex, HTX, and OKX
⚡️Web3 payment application Wirex will partner with Visa to launch the Wirex Pay payment network based on zero-knowledge proof (ZK) technology to integrate blockchain technology with the traditional finance sector and conduct transactions in the UK and EEA
⚡️Larry Fink, the head of BlackRock, the largest investment firm managing the spot BTC ETF IBIT, has said that he has studied bitcoin and now firmly believes it is a legitimate financial instrument. He also reiterated that he views bitcoin as digital gold
⚡️Tether has appointed former chief economist at blockchain analytics firm Chainalysis Philip Gradwell as head of economics, and he will be tasked with informing regulators and shareholders about ways to use USDT, Tether’s largest stablecoin by capitalization
⚡️Europe’s largest German miner Northern Data AG, in which Tether holds a stake, will increase its authorized capital by 20% by issuing shares. The company intends to expand its data centers in Europe and the US, as well as develop its cloud platform by purchasing GPUs from NVIDIA
⚡️Colin Wu: spot and derivative trading volumes on the largest centralized exchanges (CEXs) fell by 17% and 19% in June. Only MEXC showed growth in both indicators (+13% and 2%). Among Russians, the most popular platforms were Bybit, Bitfinex, HTX, and OKX
⚡️Web3 payment application Wirex will partner with Visa to launch the Wirex Pay payment network based on zero-knowledge proof (ZK) technology to integrate blockchain technology with the traditional finance sector and conduct transactions in the UK and EEA
⚡️Larry Fink, the head of BlackRock, the largest investment firm managing the spot BTC ETF IBIT, has said that he has studied bitcoin and now firmly believes it is a legitimate financial instrument. He also reiterated that he views bitcoin as digital gold
⚡️Tether has appointed former chief economist at blockchain analytics firm Chainalysis Philip Gradwell as head of economics, and he will be tasked with informing regulators and shareholders about ways to use USDT, Tether’s largest stablecoin by capitalization
Fear and Greed Index - 65
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👌 Reuters: BlackRock, Franklin Templeton, and VanEck have received preliminary SEC approval to launch ETH ETFs
The US Securities and Exchange Commission (SEC) has pre-approved at least three spot exchange-traded funds (ETFs) based on the largest altcoin Ethereum.
🔈 According to Reuters, citing sources, such approval was received by investment companies BlackRock, Franklin Templeton, and VanEck.
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The US Securities and Exchange Commission (SEC) has pre-approved at least three spot exchange-traded funds (ETFs) based on the largest altcoin Ethereum.
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❗️ A group of investors in a multi-year class-action lawsuit against the issuer of the largest stablecoin USDT Tether and crypto exchange Bitfinex has filed a new complaint.
The document, filed in the US District Court for the Southern District of New York, alleges that the companies manipulated cryptocurrency prices through a scheme involving USDT.
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The document, filed in the US District Court for the Southern District of New York, alleges that the companies manipulated cryptocurrency prices through a scheme involving USDT.
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Bima Labs was founded in April and opened its fundraising at the same time, closing within three months.
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📃Evening digest of news about events in the crypto world
⚡️CoinGecko: Ethereum became inflationary again in Q2, as issuance exceeded the amount of coins burned in transactions. Activity on the network slowed, causing fees to plummet, with the burn rate dropping to 67%. As a result, supply grew by 120 818 ETH
⚡️Loka Mining and Hashlabs have launched a protocol where miners will be able to sell mined BTC to institutional investors, receiving instant cash to support operations. Investors will receive BTC at below market prices via forward hashrate contracts directly from miners
⚡️Worldcoin has announced that the unlocking period for WLD native tokens for 80% of the team members and investors of developer Tools for Humanity will be extended from 3 to 5 years. Starting July 24, every day 2 million WLD ($4,8 million at current prices) will be withdrawn from the blockchain instead of the previous $3,3 million. WLD added 22% overnight
⚡️Singapore-based startup PEXX has raised $4,5 million to develop a payment platform that will allow holders of USDT and USDC, the largest capitalized stablecoins, to transfer assets to bank accounts around the world with automatic conversion to fiat. It will be available for individuals and businesses
⚡️Fintech startup Stripe has added the ability to purchase cryptocurrencies, including bitcoin, Ethereum and Solana, with a credit or debit card for users in Europe. A widget for accepting cryptocurrency with built-in KYC has been made available to merchants
⚡️CoinGecko: Ethereum became inflationary again in Q2, as issuance exceeded the amount of coins burned in transactions. Activity on the network slowed, causing fees to plummet, with the burn rate dropping to 67%. As a result, supply grew by 120 818 ETH
⚡️Loka Mining and Hashlabs have launched a protocol where miners will be able to sell mined BTC to institutional investors, receiving instant cash to support operations. Investors will receive BTC at below market prices via forward hashrate contracts directly from miners
⚡️Worldcoin has announced that the unlocking period for WLD native tokens for 80% of the team members and investors of developer Tools for Humanity will be extended from 3 to 5 years. Starting July 24, every day 2 million WLD ($4,8 million at current prices) will be withdrawn from the blockchain instead of the previous $3,3 million. WLD added 22% overnight
⚡️Singapore-based startup PEXX has raised $4,5 million to develop a payment platform that will allow holders of USDT and USDC, the largest capitalized stablecoins, to transfer assets to bank accounts around the world with automatic conversion to fiat. It will be available for individuals and businesses
⚡️Fintech startup Stripe has added the ability to purchase cryptocurrencies, including bitcoin, Ethereum and Solana, with a credit or debit card for users in Europe. A widget for accepting cryptocurrency with built-in KYC has been made available to merchants
Fear and Greed Index - 69
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He also revealed that he met many figures in the crypto industry during his campaign fundraising, calling them “top-flight people.”
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⚡️ We are going to Blockchain Life 2024 in Dubai!
On October 22-23, more than 10,000 of the most influential people will meet for the world's leading web3, cryptocurrencies and mining event - Blockchain Life 2024.
We'll be there too, catching powerful insights on making money at the current Bull Run.
Feel the level of the event by its first speakers:
🔹Paolo Ardoino - CEO Tether
🔹Xinxi Wang - Co-Founder of Litecoin Foundation
🔹Robby Yung - CEO Animoca Brands
🔹Sasha Plotvinov - Founder of Notcoin
🔹Eowyn Chen - CEO Trust Wallet
🔹Sergei Khitrov - Founder of Jets Capital, Listing.Help
🔹Sébastien Badault - VP Enterprise Ledger
🔹Vivien Lin - CPO BingX
🔹Alena Shmalko - TON Foundation
🔹Mustafa Al-Bassam - Co-Founder of Celestia Labs
🔹Sunny Aggarwal - Co-Founder of Osmosis Labs
🔹Bertrand Levy - SVP The Sandbox
🔹Ray Chan - CEO Memeland
By the way, most of the speakers are still kept secret 👀
And all speeches will be accompanied by translation into 70 languages for free.
👉 Get a 10% off with GETBLOCK blockchain-life.com
On October 22-23, more than 10,000 of the most influential people will meet for the world's leading web3, cryptocurrencies and mining event - Blockchain Life 2024.
We'll be there too, catching powerful insights on making money at the current Bull Run.
Feel the level of the event by its first speakers:
🔹Paolo Ardoino - CEO Tether
🔹Xinxi Wang - Co-Founder of Litecoin Foundation
🔹Robby Yung - CEO Animoca Brands
🔹Sasha Plotvinov - Founder of Notcoin
🔹Eowyn Chen - CEO Trust Wallet
🔹Sergei Khitrov - Founder of Jets Capital, Listing.Help
🔹Sébastien Badault - VP Enterprise Ledger
🔹Vivien Lin - CPO BingX
🔹Alena Shmalko - TON Foundation
🔹Mustafa Al-Bassam - Co-Founder of Celestia Labs
🔹Sunny Aggarwal - Co-Founder of Osmosis Labs
🔹Bertrand Levy - SVP The Sandbox
🔹Ray Chan - CEO Memeland
By the way, most of the speakers are still kept secret 👀
And all speeches will be accompanied by translation into 70 languages for free.
👉 Get a 10% off with GETBLOCK blockchain-life.com
Tranglo uses the XRP token and Ripple’s On-Demand Liquidity (ODL) service for international payments.
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Previously, security experts Blockaid linked Angel Drainer to phishing attacks on 35 000 crypto users, with total damage of over $25 million.
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Following negotiations that lasted several months, the regulator agreed to drop the claims.
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⚠️ The head of Circle, which issues USDC stablecoin with a capitalization of $34,2 billion, has expressed concern about the new Markets in Crypto-Assets (MiCA) regulation, the provisions of which have already begun to be applied in the European Union.
Thus, according to Jeremy Allaire, the new regulations governing the reserves of stablecoins carry a banking risk.
MiCA requires issuers of stablecoins pegged to fiat currency to keep 30-60% of reserves in cash in multiple bank accounts in the EU.
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Thus, according to Jeremy Allaire, the new regulations governing the reserves of stablecoins carry a banking risk.
MiCA requires issuers of stablecoins pegged to fiat currency to keep 30-60% of reserves in cash in multiple bank accounts in the EU.
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📃Evening digest of news about events in the crypto world
⚡️German law enforcement officials have announced that the emergency sale of nearly 50 000 bitcoins has been completed, bringing the agencies an “unprecedented” $2,88 billion. Officials said bitcoin price and market conditions were irrelevant in the decision, the goal was to make the sale “as quickly as possible”
⚡️Grayscale has launched a fund that will give investors access to tokens of decentralized AI-based cryptocurrencies. The Grayscale Decentralized AI Fund basket includes coins from the Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR) projects
⚡️Spot trading volume on Upbit, Korea’s largest exchange, fell by 45% to $30,4 billion in June. The biggest drop among the leading exchanges may be due to new rules on crypto regulation that will take effect on July 19. At the same time, the financial regulator will launch its own system for monitoring crypto transactions
⚡️The Basel Committee on Banking Supervision has introduced a standard for disclosure of banks’ crypto asset exposures; it will be implemented by January 1, 2026. “templates will support the exercise of market discipline and help to reduce information asymmetry amongst banks and market participants”
⚡️Standard Chartered bank’s crypto trading platform subsidiary Zodia Markets has bought the over-the-counter (OTC) trading division of Elwood Technologies. Zodia expects to increase daily OTC trading volumes, which currently reach $60 million. Elwood will focus on developing SaaS solutions for institutional traders after the sale
⚡️German law enforcement officials have announced that the emergency sale of nearly 50 000 bitcoins has been completed, bringing the agencies an “unprecedented” $2,88 billion. Officials said bitcoin price and market conditions were irrelevant in the decision, the goal was to make the sale “as quickly as possible”
⚡️Grayscale has launched a fund that will give investors access to tokens of decentralized AI-based cryptocurrencies. The Grayscale Decentralized AI Fund basket includes coins from the Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR) projects
⚡️Spot trading volume on Upbit, Korea’s largest exchange, fell by 45% to $30,4 billion in June. The biggest drop among the leading exchanges may be due to new rules on crypto regulation that will take effect on July 19. At the same time, the financial regulator will launch its own system for monitoring crypto transactions
⚡️The Basel Committee on Banking Supervision has introduced a standard for disclosure of banks’ crypto asset exposures; it will be implemented by January 1, 2026. “templates will support the exercise of market discipline and help to reduce information asymmetry amongst banks and market participants”
⚡️Standard Chartered bank’s crypto trading platform subsidiary Zodia Markets has bought the over-the-counter (OTC) trading division of Elwood Technologies. Zodia expects to increase daily OTC trading volumes, which currently reach $60 million. Elwood will focus on developing SaaS solutions for institutional traders after the sale
Fear and Greed Index - 61
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In the first half of 2024, more new tokens were listed on leading crypto exchanges than in all of last year.
On the largest exchanges by trading volume, including Binance and Bybit, the number of new listings rose by 11,6% on average to 2066, according to an analysis conducted for Bloomberg by experts at CCData.
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💬 On July 5, the crypto exchange Mt.Gox, which went bankrupt back in 2014, launched a process to return cryptocurrencies to customers through third-party exchanges. According to the plan, assets were sent to Kraken, Bitstamp, BitGo, SBI VC Trade, and Bitbank platforms, from where they are distributed to affected users.
At the same time, over the past 24 hours, there have been numerous reports from users about unauthorized attempts to log into their Mt.Gox accounts.
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According to the latest report, the figure fell by 21,8% in July. It stood at $4,2 trillion, down by 53% from the record $9 trillion reached in March this year.
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Details such as the size of the management fee appeared in the documents. Grayscale set the highest management fee of 2,5%
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📃Evening digest of news about events in the crypto world
⚡️China’s largest technology conglomerate Tencent has invested in blockchain platform Chainbase, which aims to combine data from different networks into a single platform. Chainbase’s mainnet and CBT governance token are expected to launch in Q4
⚡️Launched in February, the institutional platform of the US crypto exchange Kraken began offering custodial services in the UK and Australia. In the future, it plans to connect clients in the EU, Switzerland, as well as the Cayman Islands and the British Virgin Islands
⚡️Bankrupt lending platform BlockFi will begin returning crypto assets to customers via the Coinbase exchange in July. The refunds will be gradual and will last several months. Customers outside the US will not be able to receive funds yet due to regulatory requirements. Earlier, the bankrupt exchange Mt.Gox started returning funds to customers
⚡️OKX has invested in zkLink Labs, a startup to develop zero-knowledge proof (ZK) infrastructure solutions that extend the scalability and asset pooling capabilities of Ethereum and Ethereum-based rollups. One of them is the zkLink Nova Layer 3 (L3) network
⚡️Chainlink’s decentralized oracle network team has unveiled an institutional Digital Assets Sandbox platform that will allow institutions to test real world asset (RWA) tokenization solutions. This will accelerate the time-to-market and innovation of new products
⚡️China’s largest technology conglomerate Tencent has invested in blockchain platform Chainbase, which aims to combine data from different networks into a single platform. Chainbase’s mainnet and CBT governance token are expected to launch in Q4
⚡️Launched in February, the institutional platform of the US crypto exchange Kraken began offering custodial services in the UK and Australia. In the future, it plans to connect clients in the EU, Switzerland, as well as the Cayman Islands and the British Virgin Islands
⚡️Bankrupt lending platform BlockFi will begin returning crypto assets to customers via the Coinbase exchange in July. The refunds will be gradual and will last several months. Customers outside the US will not be able to receive funds yet due to regulatory requirements. Earlier, the bankrupt exchange Mt.Gox started returning funds to customers
⚡️OKX has invested in zkLink Labs, a startup to develop zero-knowledge proof (ZK) infrastructure solutions that extend the scalability and asset pooling capabilities of Ethereum and Ethereum-based rollups. One of them is the zkLink Nova Layer 3 (L3) network
⚡️Chainlink’s decentralized oracle network team has unveiled an institutional Digital Assets Sandbox platform that will allow institutions to test real world asset (RWA) tokenization solutions. This will accelerate the time-to-market and innovation of new products