π¦πͺ Tether will launch a stablecoin pegged to the UAE dirham
Reportedly, each token will be fully backed by liquid reserves. Tether aims to obtain a license from the UAE Central Bank.
π²The stablecoin is being touted as an effective tool for transactions in dirhamsβcross-border payments, trading, or simply diversifying digital assets.
π€ The new asset will be launched in partnership with the technology conglomerate Phoenix Group and supported by Green Acorn Investments.
Reportedly, each token will be fully backed by liquid reserves. Tether aims to obtain a license from the UAE Central Bank.
π²The stablecoin is being touted as an effective tool for transactions in dirhamsβcross-border payments, trading, or simply diversifying digital assets.
π€ The new asset will be launched in partnership with the technology conglomerate Phoenix Group and supported by Green Acorn Investments.
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Vitalik Buterin wrote a "bullish" post about Ethereum π
Buterin wrote on X, accompanying the post with an AI-generated image of a bull with a sign saying βEthereum is good.β π
He added that within 3 minutes of publishing, the post had garnered more reach than a technical article of 11,700 words on the Ethereum developers' blog.
π Since the start of trading for the first U.S. Ethereum-based exchange-traded funds (ETFs) at the end of July, the price of ETH has dropped by about 27%, and the decrease in network transaction fees has accelerated the inflation of "Ether."
πThe dominance index of ETH in the crypto market has fallen to a four-year low of 15%, a level not seen since early 2021.
Could a "bullish" post help turn things around? π
βI have been told that I need to "do less philosophizing and do more ethereum bullposting,β
Buterin wrote on X, accompanying the post with an AI-generated image of a bull with a sign saying βEthereum is good.β π
He added that within 3 minutes of publishing, the post had garnered more reach than a technical article of 11,700 words on the Ethereum developers' blog.
π Since the start of trading for the first U.S. Ethereum-based exchange-traded funds (ETFs) at the end of July, the price of ETH has dropped by about 27%, and the decrease in network transaction fees has accelerated the inflation of "Ether."
πThe dominance index of ETH in the crypto market has fallen to a four-year low of 15%, a level not seen since early 2021.
Could a "bullish" post help turn things around? π
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A free Bitcoin faucet has launched at Eden Mall in Curaçao, providing a QR code every hour from 10:00 AM to 7:00 PM.
This code allows users to claim Bitcoin worth $5 (10,000 satoshis) directly to their balance. βοΈ
This code allows users to claim Bitcoin worth $5 (10,000 satoshis) directly to their balance. βοΈ
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In the Bitcoin network, there was a dramatic surge in transaction fees, rising from 0.5 BTC to 60 BTC per hour! π
β° This spike was due to transactions involving sending BTC to staking on the new Babylon protocol.
The staking capacity was capped at 1,000 BTC, which led to a temporary frenzy. Each staking transaction cost users approximately 0.05 BTC. π°
Once the staking limit was reached, both fees and transaction volume started to normalize.
β° This spike was due to transactions involving sending BTC to staking on the new Babylon protocol.
The staking capacity was capped at 1,000 BTC, which led to a temporary frenzy. Each staking transaction cost users approximately 0.05 BTC. π°
Once the staking limit was reached, both fees and transaction volume started to normalize.
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π According to a CoinGecko survey, the majority of the crypto community gets their news from social media rather than news websites.
73.8% of respondents used π (Twitter), YouTube, or Telegram as their primary sources of information, while only 6.5% received news from news websites.
And where do you, friends, mainly get your crypto news from (aside from this channel π):
βͺοΈFrom other Telegram channels -π
βͺοΈTwitter - π₯
βͺοΈYouTube - β€οΈ
βͺοΈNews websites - π₯±
βͺοΈOther - π§
73.8% of respondents used π (Twitter), YouTube, or Telegram as their primary sources of information, while only 6.5% received news from news websites.
And where do you, friends, mainly get your crypto news from (aside from this channel π):
βͺοΈFrom other Telegram channels -π
βͺοΈTwitter - π₯
βͺοΈYouTube - β€οΈ
βͺοΈNews websites - π₯±
βͺοΈOther - π§
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βοΈ Clicking the coffee cup icon on the map at onbase.dev reveals a global map of coffee shops that accept USDC on Base.
There are currently just 10 locations (including the Town Mouse cafΓ© in Berlin, Europe), but this number is expected to grow.
Each entry includes a link to its Google Maps page for easy navigation if youβre interested. π§
There are currently just 10 locations (including the Town Mouse cafΓ© in Berlin, Europe), but this number is expected to grow.
Each entry includes a link to its Google Maps page for easy navigation if youβre interested. π§
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Changpeng Zhao (CZ) Still in Custody, Not Free Yet π€·
Despite Crypto Community excitement, Binance founder Changpeng Zhao (CZ) is not freeβheβs currently in a halfway house, not fully released.
π After serving time in a minimum-security prison in Southern California, Zhao has been transferred to RRM Long Beach, a residential program for inmates nearing the end of their sentences. Heβs set to be released on September 29.
Zhao remains under U.S. custody and is not free to move as he pleases. Heβs been in the U.S. since November due to a conviction for violating anti-money laundering laws, with a three-year ban from managing Binance as part of his settlement.
π° Zhao, the richest person in crypto with a $47.7 billion net worth, plans to focus on education and passive investing during his ban.
Despite Crypto Community excitement, Binance founder Changpeng Zhao (CZ) is not freeβheβs currently in a halfway house, not fully released.
π After serving time in a minimum-security prison in Southern California, Zhao has been transferred to RRM Long Beach, a residential program for inmates nearing the end of their sentences. Heβs set to be released on September 29.
Zhao remains under U.S. custody and is not free to move as he pleases. Heβs been in the U.S. since November due to a conviction for violating anti-money laundering laws, with a three-year ban from managing Binance as part of his settlement.
π° Zhao, the richest person in crypto with a $47.7 billion net worth, plans to focus on education and passive investing during his ban.
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Sony has announced the upcoming launch of its L2 solution, named Soneium. π
The blockchain will enter its testnet phase in the next few days.
Soneium is built on the OP Stack.
In its first year, the focus will be on attracting the Web3 community, with plans to integrate various Sony products like Sony Bank, Sony Music, and Sony Pictures thereafter.
The blockchain will enter its testnet phase in the next few days.
Soneium is built on the OP Stack.
In its first year, the focus will be on attracting the Web3 community, with plans to integrate various Sony products like Sony Bank, Sony Music, and Sony Pictures thereafter.
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Paolo Ardoino has stated that Tether will not be launching its own blockchain. π«π
π According to him, as long as the necessary level of security and efficiency is provided, it doesnβt matter which blockchain the USDT stablecoin operates on.
Currently, USDT has a market capitalization of $117.6 billion, with the majority of tokens issued on the Tron blockchain ($61.8 billion), Ethereum ($54 billion), Solana ($1.9 billion), Avalanche ($1.5 billion), and TON ($730 million). π°
π According to him, as long as the necessary level of security and efficiency is provided, it doesnβt matter which blockchain the USDT stablecoin operates on.
Currently, USDT has a market capitalization of $117.6 billion, with the majority of tokens issued on the Tron blockchain ($61.8 billion), Ethereum ($54 billion), Solana ($1.9 billion), Avalanche ($1.5 billion), and TON ($730 million). π°
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Crypto soothsayer
Vitalik Buterin wrote a "bullish" post about Ethereum π βI have been told that I need to "do less philosophizing and do more ethereum bullposting,β Buterin wrote on X, accompanying the post with an AI-generated image of a bull with a sign saying βEthereumβ¦
π€ Vitalik Buterin's Response from the HTX Exchange
Of course, we're not talking about the center of the solar system, but about Justin Sun's token β $SUN.
And with SUN, everything is simple, it's growing: up 26% in the last 24 hours and up 170% over the week. ETH hasnβt seen those kinds of gains lately π
"What is going to the Sun?"
Of course, we're not talking about the center of the solar system, but about Justin Sun's token β $SUN.
And with SUN, everything is simple, it's growing: up 26% in the last 24 hours and up 170% over the week. ETH hasnβt seen those kinds of gains lately π
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Bitcoin Hits $65,000 Following Rate Cut Expectations π
During his speech in Jackson Hole (Wyoming, USA), Fed Chair Jerome Powell stated that "the time has come for a rate cut." The pace of monetary policy easing will depend on economic indicators.
The next meeting is scheduled for September 18. Market participants are anticipating a 0.25% rate cut with a 67.5% probability, and a 0.5% cut with a 32.5% probability. π§
After Powellβs speech, Bitcoin experienced significant volatility. It first broke through the $62,000 level, then dropped nearly to $60,000, and subsequently made a remarkable leap to $65,000. The cryptocurrency has since corrected slightly and is currently trading around $64,000. π
During his speech in Jackson Hole (Wyoming, USA), Fed Chair Jerome Powell stated that "the time has come for a rate cut." The pace of monetary policy easing will depend on economic indicators.
The next meeting is scheduled for September 18. Market participants are anticipating a 0.25% rate cut with a 67.5% probability, and a 0.5% cut with a 32.5% probability. π§
After Powellβs speech, Bitcoin experienced significant volatility. It first broke through the $62,000 level, then dropped nearly to $60,000, and subsequently made a remarkable leap to $65,000. The cryptocurrency has since corrected slightly and is currently trading around $64,000. π
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βοΈ Yesterday, the official "Wallet Support Team" bot in Telegram was hacked by malicious actors who used it to spread fraudulent claims.
Users started receiving spam messages urging them to transfer their funds to "secure wallets" to double their balance. π§
The developers have since regained full control. However, the reality is that we've reached a point where even official accounts are being hacked, not to mention ordinary users. π€·
Users started receiving spam messages urging them to transfer their funds to "secure wallets" to double their balance. π§
The developers have since regained full control. However, the reality is that we've reached a point where even official accounts are being hacked, not to mention ordinary users. π€·
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π Kraken Fails to Dismiss Lawsuit from the SEC
βοΈ The court has ruled that the SEC is right in asserting that at least some transactions on Kraken qualify as investment contracts.
On November 20, 2023, the SEC filed a lawsuit against Kraken for operating as an unregistered securities exchange. π€
βοΈ The court has ruled that the SEC is right in asserting that at least some transactions on Kraken qualify as investment contracts.
On November 20, 2023, the SEC filed a lawsuit against Kraken for operating as an unregistered securities exchange. π€
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Robert F. Kennedy Jr. has officially endorsed Donald Trump!
Robert F. Kennedy Jr. managed to attract a small fraction of Democratic voters who were hesitant to support Trump.
This is a well-known strategy for candidates with slim chances of winning, enabling them to position themselves for a role in a future administration. π§
Both Kennedy and Trump have made strong endorsements of Bitcoin, crypto, and mining.
Robert F. Kennedy Jr. managed to attract a small fraction of Democratic voters who were hesitant to support Trump.
This is a well-known strategy for candidates with slim chances of winning, enabling them to position themselves for a role in a future administration. π§
Both Kennedy and Trump have made strong endorsements of Bitcoin, crypto, and mining.
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