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πŸ” Top Crypto News for August 25, 2024

🚨 BREAKING NEWS! Telegram CEO Pavel Durov has been arrested at an airport in France! He’s facing charges of fraud and money laundering, which could lead to up to 20 years in prison. Following this news, the price of Toncoin (TON) dropped by 18%.

πŸ›‘ The Telegram team released a statement asserting that the platform complies with EU laws and that their moderation meets all standards. The TON team stated that the arrest will not affect the TG crypto wallet. Ethereum founder Vitalik Buterin criticized the detention and showed his support for Pavel Durov.

🌐 ETH Set to Dominate? The founder of the 1confirmation fund believes that Ethereum (ETH) will surpass Bitcoin in market capitalization within the next five years. Currently, Bitcoin's market cap is nearly four times that of ETH.

πŸ’Έ Massive Transaction! The Ethereum Foundation has sent 35,000 ETH to Kraken, marking the largest transfer in 2024 and accounting for 11.2% of the foundation's total funds. The COO stated this was "part of our treasury management activities."

βš–οΈ Tether Takes Action! Tether has assisted over 145 law enforcement agencies across 40 jurisdictions since 2014, recovering more than $108.8 million USDT in favor of their rightful owners, and has independently blocked over 1,900 wallets linked to illegal activities.

Stay tuned for the latest crypto news and insights! πŸš€

https://t.me/cryptogramsrb
πŸ” Top Crypto News for August 26, 2024

☒️ Bitcoin Mining Concentration!
Two mining pools, Foundry USA and AntPool, now control 56.95% of the entire Bitcoin network hashrate! Foundry USA, a subsidiary of DCG (which also owns Grayscale), holds a 32.2% share, while AntPool holds 24.75%. This raises questions about the centralization of the Bitcoin network and its future implications.

🦾 Vitalik on Polymarket!
Vitalik Buterin stated that the Polymarket service should not be classified as gambling like other prediction markets. This comes after US senators called for a ban on election betting. Meanwhile, Polymarket is seeing a surge in activity, with 55,000 active participants per month.

β›‘ Support for Pavel Durov!
Tron founder Justin Sun proposed launching a DAO to support Telegram CEO Pavel Durov and "show the cryptocurrency industry's unity." He also pledged to donate $1 million to the DAO to help this cause.

🎩 Binance Adds Eurite Stablecoin!
Binance has announced the listing of Eurite (EURI), a stablecoin that complies with all MiCA bill requirements. The total capitalization of stablecoins (excluding algorithmic ones) has reached an all-time high of $168 billion.

πŸ“• Blockchain Education in Argentina!
The Ministry of Education of Buenos Aires, in partnership with ETH Kipu, is launching blockchain and Ethereum technology classes in high schools. The first session of the course begins today, marking a new era of crypto education!

Stay tuned for more crypto news and updates! πŸš€

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https://t.me/cryptogramsrb
πŸ”₯1πŸ’―1
🧬 MakerDAO, one of the oldest and largest DeFi projects, is rebranding to Sky and launching a new stablecoin, USDS.

DAI and MKR were left unchanged as a result, and holders of old tokens can exchange them for new ones at a 1:1 ratio.

It is worth noting that USDS will have a freeze function.
πŸ’―3
πŸ’¬Recent Altcoin News & Events πŸ’¬

1. πŸ• DOGS Token [DOGS]
- *DOGS token has been initially listed!*
DOGS is a meme token built on the TON blockchain, inspired by the Spotty mascot from the Telegram mini-app. Spotty is also the unofficial logo of VK.

2. πŸ€– Fetch.ai [FET]
- *Fetch.ai launches AI innovation hub with a $10M fund!*
The Lab will offer $10M annually, with up to $1M per project, for initiatives using the platform to build AI agents. These agents use artificial intelligence to perform specific tasks.

3. πŸ”— AutoLayer [LAY3R]
- *AutoLayer announced integration with Linea!*
AutoLayer will integrate with Linea, a Consensys-powered Ethereum L2 scaling network. This integration will allow AutoLayer to launch a series of restaking products for Linea users.

4. πŸ›οΈ MakerDAO [MKR]
- *MakerDAO rebranded to Sky with new $USDS & $SKY tokens!*
The protocol will introduce a new $USDS stablecoin and a $SKY governance token. Both will be available on September 18 with a new DeFi application to interact with the protocol.

5. πŸ“± Telegram
- *CEO Pavel Durov arrested in France!*
The price of Toncoin dropped nearly 20% following the news of Durov's arrest. He was subject to an arrest warrant issued by the OFMIN of the national directorate of the French judicial police.

6. πŸ”΅ Aave Labs [AAVE]
- *Aave Labs proposes BlackRock BUILT fund integration!*
Aave Labs has introduced a temperature check proposal to update the GHO Stability Module (GSM) to manage its stablecoin system more efficiently by integrating BUIDL.

7. πŸ’Έ Celsius [CEL]
- *Celsius distributes over $2.53B to creditors!*
Celsius has distributed over $2.53 billion to more than 251,000 creditors as part of its bankruptcy process, according to its first status report on the payouts.

8. πŸš€ Space & Time
- *Space & Time raised $20M in Series A funding round!*
Microsoft-backed startup Space and Time Labs announced it raised $20 million in Series A financing, bringing its total funding to $50 million.

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Stay tuned for more updates! πŸ“ŠπŸ’₯

https://t.me/cryptogramsrb
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πŸ”₯1πŸ’―1
🫦CryptoGram🫦 pinned «https://t.me/boost/cryptogramsrb»
Comparison of inflows in BTC and ETH ETFs in the first month after their launch:

BTC-ETF = +$2.8 billion
ETH-ETF = -$460 million
πŸš€ Top Trending Coins (Today)

1. WELSH
2. CAT
3. NEIRO
4. ZANO
5. TON
6. DOGS
7. SOL
8. APES
9. ETH
10. BRETT
11. FET
12. CYBER
13. TRX
14. RENDER
15. SUI
Over half a TRILLION dollars have been erased in market cap today by the Magnificent 7.

The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5.

😳
Simple and effective
(1) Previous leg should be bullish
(2) High volume up move
(3) low volume pullback & range formation
(4) breakout with higher volume
(5) pullback/retest with lower volume
(6) bounce & rally resume.
The S&P 500 has now erased $2.2 trillion of market cap in the first week of September.
🩸🩸
πŸ”₯1πŸ’―1
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🟒 Green vertical lines: days where the #bitcoin price has only ever gone up since then

πŸ”΄ Red vertical lines: days where the price has only ever gone down since then

Seems like mostly green lines to me.✌️
U.S CPI (MOM) (AUG) ACTUAL: 0.2% VS 0.2% PREVIOUS; EST 0.2%

U.S CPI (YOY) (AUG) ACTUAL: 2.5% VS 2.9% PREVIOUS; EST 2.5%

U.S CORE CPI (MOM) (AUG) ACTUAL: 0.3% VS 0.2% PREVIOUS; EST 0.2%

U.S CORE CPI (YOY) (AUG) ACTUAL: 3.2% VS 3.2% PREVIOUS; EST 3.2%

U.S. SHORT-TERM INTEREST-RATE FUTURES DROP AFTER CPI REPORT, AS TRADERS TRIM BETS ON FED RATE CUTS

U.S CORE CPI INDEX (AUG) ACTUAL: 319.77 VS 318.87 PREVIOUS

U.S CPI INDEX, N.S.A. (AUG) ACTUAL: 314.80 VS 314.54 PREVIOUS; EST 314.98

U.S CPI INDEX, S.A (AUG) ACTUAL: 314.12 VS 313.53 PREVIOUS
Bitcoin mining difficulty hit a NEW ALL-TIME HIGH!!!
🧐🧐🧐
We are really sorry for inactivity latley, a loot of private staff to do, but we get back in Market, gradually. You can expect that we will continue to work as usual. Also we plan to give more free TA SignalsπŸ’Έ
So be prepare, and set πŸ””ON!
Tnx for understanding πŸ™πŸ™πŸ™
🫦CryptoGram🫦 pinned Β«We are really sorry for inactivity latley, a loot of private staff to do, but we get back in Market, gradually. You can expect that we will continue to work as usual. Also we plan to give more free TA SignalsπŸ’Έ So be prepare, and set πŸ””ON! Tnx for understanding…»
🫦CryptoGram🫦
https://t.me/TradersJourney94
Also our brand new channel, specialized for Technical Analysis.😁
And Market Overview 😏
Take a look, lot of free Money πŸ’°πŸ’°πŸ’°πŸ’°
🫦CryptoGram🫦 pinned Β«Also our brand new channel, specialized for Technical Analysis.😁 And Market Overview 😏 Take a look, lot of free Money πŸ’°πŸ’°πŸ’°πŸ’°Β»