💸 Circle has been valued at $5bn ahead of its planned IPO

Stablecoin issuer USDC was valued at $9bn when it first tried to go public in a failed SPAC deal in 2022.

#USDC #CRCL

🤨 Analysts forecast the chip manufacturing and mining equipment segment in the US to reach $20bn over the next 5 years

But, subject to favourable changes in the regulatory environment should Donald Trump win.

Some companies are able to compete with leading Chinese manufacturers such as Bitmain. Annual demand for mining equipment is expected to grow by 15-30% due to increased network hash rate and the need to upgrade existing infrastructure.

#mining #usa

👀Ripple executive condemned by SEC for plan to amend Binance complaint

Further proof of the SEC's hypocrisy.

Chairman Gensler claims the rules are clear, but his SEC can't make sense of them and is applying them haphazardly, causing more confusion in the industry.

#ripple #sec

🎮 Raiinmaker Today on Coindesk.

This is an AI-centric peer-to-peer network, they are launching a decentralised app for Solana Mobile.

According to the team, the project allows users to seamlessly interact with decentralised AI capabilities directly from the mobile node of the DePIN app. With this dApp, Solana users can generate AI content, train models and run decentralised computing nodes hands-free.

Read more here 📍

website | twitter | instagram

🔥 Grayscale Bitcoin Mini Trust trading has officially launched

#grayscale #btc

🚫 The Terra network has been compromised

An attacker exploited a re-entry vulnerability to steal 60m ASTRO, 3.5m USDC, 500,000 USDT and 2.7 BTC totalling $5.2m.

Developers restarted the blockchain with validators after fixing the issue.

#Terra #LUNA

😮 Howard Lutnick (Tether custodian) said that in 2022, Sam Bankman-Fried and Circle tried to ‘destroy’ USDT

It was during this period that there was a sharp drawdown in USDT's capitalisation - from $83bn to $66bn. But this was not a problem for Tether.

#Tether #USDT

⬇️ Highlights of Jerome Powell's speech during the FOMC press conference

• Inflation figures for the second quarter added to confidence;

• A rate cut will be discussed in September. No decision has been made yet. We just need to see more good data.

• Most Chairmen believe we are close to easing credit policy

• There was a real discussion about a rate cut at this meeting. The majority has decided not to change the rate

• The time for a rate cut is approaching

#fomc #powell

😎 MtGox has paid compensation in BTC and BCH already to 17,000 creditors

This makes the data more than 70% of the previously reported 24,000.

#mtgox

🗝 Major token unlocks planned for August

3 August - 601.56 million W (6.02% of total supply)

5 August - 7.27 million GAL (3.63% of total supply)

14 August - 181.38 million SAND (6.05% of total supply)

#unlocked

🇺🇸 A bit about the BTC reserve bill

Senator Cynthia Lummis introduced the BTC Strategic Reserve Act in the U.S. Senate, and has released it for all to read.

#USA #BTC

📉 SoSoValue reports that capital outflows from spot Ethereum-ETFs resumed on 31 July

It totalled 77.2 million.

#ETF #ETH

🕯Bitcoin closes July with a 2.95% gain

Ethereum, meanwhile, showed a 5.88% drop for the month.

It should be noted that historically BTC closes July "in the plus" for the eighth time. On average, this month the asset shows growth of 7.56%.

#BTC #ETH

🇭🇰 Hong Kong's largest broker Futu Securities will start offering crypto trading services to 22,000,000 customers

Bonus for traders - Alibaba and Nvidia shares.

#futu

✋ Terra founder Do Kwon is extradited to South Korea

This decision is not subject to appeal.

#terra