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πŸ“° Bitcoin Treasury Firm DeFi Technologies Claps Back at Report That Tanked Its Stock

πŸ“° One of the most high-flying crypto stocks came crashing back to Earth this week after a report argued that it wasn’t rising β€œfor the right reasons.” Today, the company issued a strenuous defense of its business.

πŸ”„In its Tuesday issue, crypto newsletter CoinSnacks outlined an extensive marketing campaign undertaken over the past few months to provide positive coverage for DeFi Technologies (DEFI)β€”a Toronto-based crypto fund provider that publicly trades on Canada’s Chicago Board Options Exchange (CBOE).
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πŸ“° Bitcoin volatility sees futures slump, while options open interest spikes

🟒Bitcoin's recent volatility sent shockwaves through the derivatives market, particularly between June 23 and June 27 when BTC's value slipped below the crucial $60,000 mark.

πŸ“£This price movement triggered a cascade of events. Open interest in Bitcoin futures plummeted significantly due to margin calls and forced liquidations, creating a feedback loop of sell-offs.

πŸ”„But while futures traders were pulling out, another curious trend was emerging in the options market.
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πŸ“° METAVERSE ADVERTISING INDUSTRY TO GROW BY 315% AND HIT A $7.5 BILLION VALUE BY 2030

πŸ“° Although the gaming and ecommerce sectors have seen the most significant adoption of the metaverse technology in recent years, its use in other markets like digital marketing will explode in the future.

πŸ‘€According to data presented by OnlyAccounts.io, the global metaverse advertising industry is expected to grow by 315% and reach a value of $7.5 billion by 2030.

βœ”οΈ@cryptonewspaper
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πŸ“° NFT market had its best quarter since early 2023, DappRadar says

⏺Non-fungible tokens (NFTs) witnessed their best quarter in Q2 as the sector of digital collectibles saw a 28% increase in sales count, reaching levels last seen in Q1 2023.

πŸ—£In a recent research report, analysts at DappRadar revealed that NFTs recorded $4 billion in trading volume in Q2, marking a 3.7% increase compared to Q4 2023.

βœ”οΈ@cryptonewspaper
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πŸ“° Chainlink Data Feeds Are Now Live on Starknet, Accelerating DeFi Development and Ecosystem Adoption Through the Chainlink SCALE program

➑️ Chainlink, the industry-standard decentralized computing platform, and Starknet, the secure scaling technology bringing Ethereum's benefits to the world, announced today that Chainlink Data Feeds, the industry-leading data solution for DeFi, are now live on Starknet mainnet.

⏺Starknet is an ecosystem that helps developers to overcome Ethereum's scalability limitations while ensuring computational integrity. The addition of Data Feeds offers support for developers who are building highly scalable and secure DeFi applications on Starknet.

βœ”οΈ@cryptonewspaper
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πŸ“° Short-term holders recover gains as 87% of Bitcoin’s supply now in profit

πŸ—£Bitcoin's meteoric rise to $64,000 has turned the market green, reversing weeks of bearish performance. This uptick, triggered by shocking news, has significantly boosted short-term holder (STH) profitability metrics.

βœ”οΈ For instance, the percentage of Bitcoin's supply in profit soared dramatically and STH-related ratios like NUPL have finally turned positive.

βœ”οΈ@cryptonewspaper
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πŸ“° Real Bedford FC has acquired $4.5 million worth of Bitcoin, aiming to reach the Premier League

βœ”οΈ 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.

βœ”οΈ @Cryptonewspaper
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πŸ“° The Sandbox Launches β€˜Rise of the Memes’ Contest with $10k Prize Pool

πŸ—£Sandbox, a virtual world platform, has unveiled a new competition titled β€œRise of the Memes.” inviting creators to design funny, meme-inspired digital items using the platform’s VoxEdit tool.

βœ”οΈThe competition will run until August 6th at 11:59 PM UTC, giving participants ample time to submit their entries. With a total prize pool of 10,000 $SAND tokens.

🟒The first-place winner will receive 2,500 $SAND, the second-place winner will get 1,750 $SAND, and the third-place winner will earn 1,000 $SAND.

βœ”οΈ @Cryptonewspaper
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πŸ“° AlphaGrowth to Lead Compound DAO’s Strategic Expansion in DeFi

πŸ“° Compound DAO, a leading decentralized finance (DeFi) protocol, announced the formalization of a one-year partnership with AlphaGrowth, the DeFi operations firm. AlphaGrowth has a proven track record of accelerating multiple blockchain protocols and ecosystems.

βœ”οΈ This strategic collaboration follows a successful five-month trial period that began in December and aims to drive sustainable revenue generation and solidify Compound’s position as a DeFi leader.

βœ”οΈ @Cryptonewspaper
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πŸš€ Run a Node - Contribute to the Security of Waterfall Network - Earn $WATER! πŸš€

Hey everyone,

I’ve got some exciting news for all you blockchain enthusiasts! 🌐

@waterfall_network , a highly scalable and decentralized BlockDAG EVM-compatible Layer 1 protocol, has just launched its Mainnet on June 28 and got listed on
Gate.io on July 17. πŸŽ‰

Here’s why you should care:

πŸ”Ή Industry Legends on the Team:
Ron Resnick: Former Executive Director of Enterprise Ethereum Alliance
Jeff McDonald: Former Co-founder of NEM
Richard Wang: General Partner at Draper Dragon Fund
And a top-tier R&D team

πŸ”Ή Get Started: To run a node, you need 32,000 $WATER coins (one validator requires this amount). Check out $WATER on Gate.io.

πŸ”Ή Check the Rewards Statistics Page: https://waterfall.network/individuals#statistics_block

πŸ”Ή How to Run a Node:
πŸ’» DIY Setup: Follow the guide to set up a node on your computer: https://docs.waterfall.network/tutorials/setup-docker-node-mainnet/

☁️ Cloud Hosting: Ensure 24/7 uptime with popular cloud hosting services. Instructions here: https://docs.waterfall.network/tutorials/

🌎 Staking Infrastructure Providers: Partner with providers worldwide, each offering unique terms. Find your match:
https://waterfall.network/staking-infrastructure-providers

Don’t miss out on this chance to join the Waterfall Network and start earning $WATER today! πŸŒŠπŸ’§
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#Bitget details: https://www.bitget.com/support/articles/12560603814376?utmSource=Twitter_DOGS

#DOGS $DOGS #TON
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πŸ“° Ethereum Gas Prices Hit All-Time-Low as 110,000 ETH Pours Into DeFi

πŸ“°Ethereum gas fees have hit an all-time low as ETH continues to trade below $3,000 amid a broad period of market uncertainty. Though the reduced costs are good for users, they may not be good for investors.

πŸ’¬Ethereum staking protocols are also beginning to show signs of life following weeks of neutral and muted inflows as over 100,000 ETH is poured into decentralized finance (DeFi) staking platforms.

βœ”οΈ@Cryptonewspaper
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πŸ“° NFT Sales Rebound With Strong Volume

πŸ‘€Non-fungible token (NFT) sales volumes have rebounded, showing a positive trend across several major blockchains.

β˜‘οΈ ThereThere’s was also a notable spike in buyer activity this past week. According to the latest data from NFT tracker CryptoSlam, Polygon (MATIC), Solana (SOL), Ethereum (ETH), and Mythos Chain saw significant gains, with Polygon leading the pack with a 123.20% increase in 7-day sales.

βœ”οΈ@Cryptonewspaper
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πŸ“° OpenSea Gets 'Wells Notice' From SEC, Which Calls NFTs Sold on Platform 'Securities'

πŸ“° Non-fungible token (NFT) marketplace OpenSea received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday.

πŸ”„"OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities," OpenSea's CEO Devin Finzer wrote on social media platform X.

βœ”οΈ@Cryptonewspaper
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πŸ“° Terraform Labs moves $62.81M in BTC amid final wind-down steps

πŸ’¬ On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62.81 million, to a new address (bc1q5) on Sept. 2.

β˜‘οΈ While the firm has yet to comment publicly on the transfer, market analysts note that it aligns with Terraform Labs’ plan to wind down operations following its record settlement with the US Securities and Exchange Commission (SEC).

βœ”οΈ@Cryptonewspaper
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πŸ“° AAVE Tops DeFi as Market Survives Bearish August

πŸ“° August was a bearish month for the cryptocurrency market, especially because of the Aug. 5 decline. While the market attempted to recover the rest of the month, another downturn followed in the final week of August.

πŸŽ™Nevertheless, some categories and projects within them have been more resilient than others. More specifically, the Decentralized Finance basket fell by single digits, while its best performer, Aave (AAVE), had a positive rate of increase.

βœ”οΈ@Cryptonewspaper
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πŸ“° NFT Sales Drop 7.91% as Buyers and Sellers Pull Back Sharply

πŸ“° Over the past seven days, non-fungible token (NFT) sales have dipped once again, sliding 7.91% compared to the previous week.

πŸ‘€ The number of NFT buyers has taken a notable hit, plummeting 73.46%, and sellers are following suit, down 61.18% from last week.

βœ”οΈ @Cryptonewspaper
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πŸ“° PancakeSwap plans v4 update following $836B trading volume milestone

πŸ“° Decentralized exchange PancakeSwap has reported $836 billion in cumulative trading volume and a total value locked (TVL) of about $1.72 billion in four years of operation.

πŸ“° PancakeSwap held about $1.72 billion in total value locked as of Sept. 20, which has decreased over the years, from an all-time high of $7.16 billion on May 4, 2021, according to DefiLlama. On March 30, PancakeSwap’s TVL was about $2.42 billion and has been dropping since.
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BlackRock calls Bitcoin a β€˜unique diversifier’ in document sent to clients

Asset manager BlackRock sent a 9-page document to its clients on Sept. 18 that portrays Bitcoin (BTC) as a β€œunique diversifier” for portfolios.

The document highlighted the characteristics that make Bitcoin distinct from traditional asset classes on any long-term basis and suggested a β€œmodest allocation.”

βœ”οΈ@Cryptonewspaper
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πŸ“° Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles

πŸ‘€Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge.

ℹ️ CoinGecko data shows that while top coins like Ethereum (ETH) and Solana (SOL) are recovering with a 1-3% surge after the recent dump, some meme coins pulled off double-digit gains.

βœ”οΈ@Cryptonewspaper
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