Former MtGox CEO to Launch New Cryptocurrency Exchange π
Mark Karpeles, the former Mt. Gox CEO, is launching a new crypto exchange called EllipX later this month in Poland. π With a strong focus on transparency and user-friendliness, EllipX aims to set a new standard in the industry. π‘
Karpeles plans to apply a unique structure similar to the NYSE but for crypto, separating trading from brokerage and storage to enhance transparency. The platform will also feature a new, easy-to-use wallet with multi-party computation technology. πΌπ
In addition to EllipX, Karpeles is launching Ungox, a non-profit that will rate crypto projects and exchanges. πβ¨ Former Mt. Gox users will receive special perks, including discounts and free NFTs. π
Karpeles is determined to push for industry-wide transparency and better security. π
Mark Karpeles, the former Mt. Gox CEO, is launching a new crypto exchange called EllipX later this month in Poland. π With a strong focus on transparency and user-friendliness, EllipX aims to set a new standard in the industry. π‘
Karpeles plans to apply a unique structure similar to the NYSE but for crypto, separating trading from brokerage and storage to enhance transparency. The platform will also feature a new, easy-to-use wallet with multi-party computation technology. πΌπ
In addition to EllipX, Karpeles is launching Ungox, a non-profit that will rate crypto projects and exchanges. πβ¨ Former Mt. Gox users will receive special perks, including discounts and free NFTs. π
Karpeles is determined to push for industry-wide transparency and better security. π
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In 2024, 96% of NFT collections were deemed "dead," according to a study by NFTEvening.
The average lifespan of a collection is just over a year, with one-third failing this year.
π Researchers analyzed over 5,000 collections and 5 million transactions on NFTScan, classifying projects as "dead" if they had zero trading volume, low weekly sales, or no social media activity.
About 43% of NFT holders faced losses, averaging 44.5%.
Among major collections, Azuki was profitable, while Pudgy Penguins was the most unprofitable. π€
The average lifespan of a collection is just over a year, with one-third failing this year.
π Researchers analyzed over 5,000 collections and 5 million transactions on NFTScan, classifying projects as "dead" if they had zero trading volume, low weekly sales, or no social media activity.
About 43% of NFT holders faced losses, averaging 44.5%.
Among major collections, Azuki was profitable, while Pudgy Penguins was the most unprofitable. π€
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Unknown hacked the π (Twitter) account of the NEAR project but decided not to post links to scam tokens. π§
Instead, they recommended deleting social media accounts and going for a walk. π
Additionally, they changed the preview to suggest checking out a list of all scam projects, with a link to CoinMarketCap. π€
Instead, they recommended deleting social media accounts and going for a walk. π
Additionally, they changed the preview to suggest checking out a list of all scam projects, with a link to CoinMarketCap. π€
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Changpeng Zhao Banned from Managing Binance for Life π«
π Binance has issued a lifetime ban on its founder, Changpeng Zhao (CZ), from overseeing the company, as confirmed by Richard Teng, the current CEO of the world's largest cryptocurrency exchange, to Axios.
Zhao is currently serving a four-month prison sentence in the U.S. for money laundering and sanctions violations, with his release anticipated by the end of September. π
βοΈ The U.S. Department of Justice's indictment did not include a permanent ban on Zhao's participation; the initial restriction was planned for just three years.
Despite the ban from management, Zhao will remain a majority shareholder in Binance but will not be formally part of the board of directors. π€΅π»ββοΈ
After pleading guilty in April, Zhao announced his intention to step down as CEO of Binance and to focus instead on investments in blockchain technology, AI, and biotechnology. π°
π Binance has issued a lifetime ban on its founder, Changpeng Zhao (CZ), from overseeing the company, as confirmed by Richard Teng, the current CEO of the world's largest cryptocurrency exchange, to Axios.
Zhao is currently serving a four-month prison sentence in the U.S. for money laundering and sanctions violations, with his release anticipated by the end of September. π
βοΈ The U.S. Department of Justice's indictment did not include a permanent ban on Zhao's participation; the initial restriction was planned for just three years.
Despite the ban from management, Zhao will remain a majority shareholder in Binance but will not be formally part of the board of directors. π€΅π»ββοΈ
After pleading guilty in April, Zhao announced his intention to step down as CEO of Binance and to focus instead on investments in blockchain technology, AI, and biotechnology. π°
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Crypto soothsayer
Unknown hacked the π (Twitter) account of the NEAR project but decided not to post links to scam tokens. π§ Instead, they recommended deleting social media accounts and going for a walk. π Additionally, they changed the preview to suggest checking out a listβ¦
Near Protocol has regained control of the account and acknowledged the breach πͺ
π No security incidents (infected links or contract addresses) resuting from the hacker's actions have been detected.
π No security incidents (infected links or contract addresses) resuting from the hacker's actions have been detected.
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Here's what the cryptocurrency top 8 looked like 10 years ago
Since then:
βͺοΈ Litecoin (the first Bitcoin clone) has dropped from 2nd to 19th
βͺοΈ Ripple has moved from 3rd to 7th
βͺοΈ BitSharesX (the great-grandfather of EOS, and yes, itβs now forgotten) has fallen from 4th to 1203rd
βͺοΈ NXT (Iβve forgotten what this even is) has dropped from 5th to 8100th
βͺοΈ Peercoin (another obscure one) has fallen from 6th to 978th
βͺοΈ Dogecoin lost little ground, moving from 7th to 8th
βͺοΈ Darkcoin, which became DASH, fell from 8th to 152nd (DASH was the first coin to reach a price of $1000, not ETH as some might think now)
And Bitcoin is still Bitcoin π«‘
Since then:
βͺοΈ Litecoin (the first Bitcoin clone) has dropped from 2nd to 19th
βͺοΈ Ripple has moved from 3rd to 7th
βͺοΈ BitSharesX (the great-grandfather of EOS, and yes, itβs now forgotten) has fallen from 4th to 1203rd
βͺοΈ NXT (Iβve forgotten what this even is) has dropped from 5th to 8100th
βͺοΈ Peercoin (another obscure one) has fallen from 6th to 978th
βͺοΈ Dogecoin lost little ground, moving from 7th to 8th
βͺοΈ Darkcoin, which became DASH, fell from 8th to 152nd (DASH was the first coin to reach a price of $1000, not ETH as some might think now)
And Bitcoin is still Bitcoin π«‘
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Crypto is listed among the 15 least attractive hobbies for men from a female perspective, coming in 9th from the bottom. π§
It ranks below clubbing, porn, smoking cigars and marijuana, and gambling. π€·ββοΈ
On the other hand, the most appealing hobbies include reading, speaking foreign languages, playing musical instruments, and cooking. π€
It ranks below clubbing, porn, smoking cigars and marijuana, and gambling. π€·ββοΈ
On the other hand, the most appealing hobbies include reading, speaking foreign languages, playing musical instruments, and cooking. π€
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Crypto soothsayer
The Binance exchange has announced the launch of the $BNSOL token for liquid staking on Solana.π
Following Binance's announcement of a token for liquid staking on the Solana blockchain, the exchange Bybit has also revealed its own token - $bbSOL
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Top 15 Blockchains by DEX Volumes in August:
- Ethereum - $52.6B
- Solana - $42.1B
- Arbitrum - $22.3B
- BNB Chain - $20.6B
- Base - $16.7B
- Polygon - $3.9B
- Tron - $3.2B
- Avalanche - $2.79B
- Optimism - $2.38B
- Ton - $1.47B
- Aptos - $1.4B
- Sui - $1.36B
- Mantle - $1.14B
- Blast - $1.14B
- Linea - $1.01B
- Ethereum - $52.6B
- Solana - $42.1B
- Arbitrum - $22.3B
- BNB Chain - $20.6B
- Base - $16.7B
- Polygon - $3.9B
- Tron - $3.2B
- Avalanche - $2.79B
- Optimism - $2.38B
- Ton - $1.47B
- Aptos - $1.4B
- Sui - $1.36B
- Mantle - $1.14B
- Blast - $1.14B
- Linea - $1.01B
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The Catizen listing is scheduled for September 20.
π The project has made an official announcement confirming that the listing will occur on ByBit on that date.
Thereβs also a strong possibility that Catizen will be listed on the OKX exchange, as a pre-market was launched there yesterday. π
The current pre-market price for the CATI token is $0.45. π§
π The project has made an official announcement confirming that the listing will occur on ByBit on that date.
Thereβs also a strong possibility that Catizen will be listed on the OKX exchange, as a pre-market was launched there yesterday. π
The current pre-market price for the CATI token is $0.45. π§
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Following Durov's detention, Telegram updated its FAQ. π
π The section that once stated, "All Telegram chats and groups are confidential for their participants. We do not process any requests related to them," has been removed.
Maybe this implies they now handle such requests. π€
π The section that once stated, "All Telegram chats and groups are confidential for their participants. We do not process any requests related to them," has been removed.
Maybe this implies they now handle such requests. π€
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π Arthur Hayes' Signal
The co-founder of Bitfinex has opened a short position on BTC, aiming for $50k, as he anticipates this price by the weekend.
Bitcoin has already fallen below $56,000. π
The co-founder of Bitfinex has opened a short position on BTC, aiming for $50k, as he anticipates this price by the weekend.
Bitcoin has already fallen below $56,000. π
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Thanks to its continuous 24/7 operation without holidays or weekends, Bitcoin now has more trading hours behind it than the stock market since the so-called "Nixon Shock" (August 15, 1971).
π³ The "Nixon Shock" refers to a series of economic measures taken by U.S. President Richard Nixon on August 15, 1971.
The most significant of these measures was the unilateral decision to suspend the convertibility of the U.S. dollar into gold. π€¦π»ββοΈ
This marked the end of the Bretton Woods system, which had tied the value of the dollar to gold, and effectively led to the transition to a system of floating exchange rates, where currencies are traded freely and their value is determined by the market. π§
This event had a major impact on global finance, shifting the world away from the gold standard and leading to greater volatility in currency markets. It also paved the way for the modern monetary system, where fiat currencies are not backed by physical commodities like gold. π€·
π³ The "Nixon Shock" refers to a series of economic measures taken by U.S. President Richard Nixon on August 15, 1971.
The most significant of these measures was the unilateral decision to suspend the convertibility of the U.S. dollar into gold. π€¦π»ββοΈ
This marked the end of the Bretton Woods system, which had tied the value of the dollar to gold, and effectively led to the transition to a system of floating exchange rates, where currencies are traded freely and their value is determined by the market. π§
This event had a major impact on global finance, shifting the world away from the gold standard and leading to greater volatility in currency markets. It also paved the way for the modern monetary system, where fiat currencies are not backed by physical commodities like gold. π€·
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The owner of the ENS domain casino.eth, who received it over 5 years ago via airdrop, has an offer from a potential buyer for 22 WETH ($52,285). π°
The domain is potentially worth a higher price (considering its application), although it's already significantly above the floor price. π₯
Buying domains can be very profitable. π€
The domain is potentially worth a higher price (considering its application), although it's already significantly above the floor price. π₯
Buying domains can be very profitable. π€
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Over the past 365 days, the Tron protocol generated $1.57 billion in revenue, marking a 115% increase compared to the same period last year. ππ°
Of that, $226 million was earned in the last month alone, a 48% increase from the previous month. This surge aligns with the launch of the meme coin creation platform, SunPump. π
Justin Sun believes that reaching their $2 billion target for the year wonβt be too challenging, and theyβre now aiming for $3 billion instead π§
Of that, $226 million was earned in the last month alone, a 48% increase from the previous month. This surge aligns with the launch of the meme coin creation platform, SunPump. π
Justin Sun believes that reaching their $2 billion target for the year wonβt be too challenging, and theyβre now aiming for $3 billion instead π§
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π Will Ethereum Reach New Heights in 2024? π§
Nick Forster, founder of Derive, believes three key factors could push Ether (ETH) to break its all-time high: a Trump victory in the 2024 U.S. election, aggressive rate cuts by the Federal Reserve, and increased global liquidity. πΊπΈπ¦π
π Currently, Ethereum isn't showing strong momentum, trading at $2,352 as of September 6th, only a 3% increase since the start of the year. Meanwhile, tech stocks like Nvidia and Meta have far outperformed, with 122% and 50% gains, respectively.
While some traders remain hopeful, options markets give Ether only a 10% chance of surpassing its peak of $4,891 by year-end. Forster stresses that Ethereum needs a strong narrative to compete with tech stocks, and upcoming political and financial shifts may significantly impact ETH's trajectory. π
Nick Forster, founder of Derive, believes three key factors could push Ether (ETH) to break its all-time high: a Trump victory in the 2024 U.S. election, aggressive rate cuts by the Federal Reserve, and increased global liquidity. πΊπΈπ¦π
π Currently, Ethereum isn't showing strong momentum, trading at $2,352 as of September 6th, only a 3% increase since the start of the year. Meanwhile, tech stocks like Nvidia and Meta have far outperformed, with 122% and 50% gains, respectively.
While some traders remain hopeful, options markets give Ether only a 10% chance of surpassing its peak of $4,891 by year-end. Forster stresses that Ethereum needs a strong narrative to compete with tech stocks, and upcoming political and financial shifts may significantly impact ETH's trajectory. π
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