🚀 AI Search Engine Perplexity Teams up With Predictions Market Giant Polymarket

🤝 Partnership for the Future of Information

The AI-powered search engine and chatbot, Perplexity, has exciting news to share! In a move that promises to revolutionize information access, it has joined forces with Polymarket, the leading predictions market on the Polygon blockchain. This collaboration aims to bring users not just news summaries but also real-time probability predictions on everything from elections to market trends.

🔍 A New Era of Event-Based Data Search

Tech enthusiasts were first tipped off by techcrunch.com's Ivan Mehta, who delves into the partnership's finer points. According to Mehta, Perplexity is gearing up to introduce a dedicated search box for event-related inquiries. And that's not all – they plan to visualize Polymarket data through their AI platform Tako, as Mehta's report reveals.

📈 A Meeting of Minds in the Data Universe

Polymarket's CEO, Shayne Coplan, sees this collaboration as a natural fit. He praises Perplexity's commitment to providing reliable information in an increasingly chaotic online world. With Polymarket gaining traction during the 2024 election frenzy, this partnership couldn't have come at a better time.

📊 Perplexity: Where AI Meets Real-Time Insights

Perplexity isn't just another AI application; it's experiencing remarkable growth! With over 15 million active monthly users in Q1 2024, its multimodal capabilities and conversational search browser set it apart. Plus, unlike other language models, Perplexity doesn't rely on outdated data – it offers up-to-the-minute information with proper citations.

⚡️ The Fusion of Real-Time Data and Advanced AI

This collaboration between Perplexity and Polymarket isn't just about convenience; it's a sign of the times. As the digital landscape becomes more intricate, users crave immediate, data-driven insights. By merging real-time predictions with cutting-edge AI technology, these platforms are at the forefront of enhancing user experiences with precise and actionable information.

In a world where information is power, Perplexity and Polymarket are joining forces to empower users like never before. Get ready for a new era of search – one that combines the best of AI and real-time data analysis.

🚀 Crypto Legislation: Schumer's Optimism Signals Bipartisan Breakthrough in 2024

💡 Senate Majority Leader Chuck Schumer has set his sights on a groundbreaking achievement, expressing confidence in the Senate's ability to pass bipartisan crypto legislation before the year is out.

🤝 Speaking at the virtual town hall event "Crypto4Harris," Schumer stressed the need for collaboration across party lines, highlighting that even in these politically divided times, progress is within reach.

🌐 Recognizing the significance of innovation and America's global standing, Schumer's vision for crypto regulation is crystal clear: uniting senators from both sides to craft smart laws that keep the US at the forefront of technological advancement.

🔵 Democrats are making strategic moves to embrace the digital future, with this event serving as a platform to showcase their support. Joined by Senators Gillibrand and Stabenow, Schumer underlined that crypto is not a passing trend, but a force to be reckoned with.

⚖️ The message is loud and clear: Congress must get it right. As the world embraces cryptocurrencies, the United States aims to lead the way with sensible regulations that foster innovation and protect investors.

🚀 Bitwise Expands European Presence with ETC Group Acquisition

🌍 Bitwise, a prominent player in U.S. crypto asset management, is expanding its global reach with the acquisition of ETC Group. This move allows Bitwise to better serve European investors and offer them a wider range of investment options.

📈 Bitwise's growth has been impressive, marked by the successful launch of its bitcoin and ethereum ETFs. With over $2 billion in inflows for its bitcoin ETF alone, the company is proving its appeal to investors seeking exposure to digital assets.

💼 Hunter Horsley, CEO of Bitwise, emphasizes the company's commitment to being a top-tier partner in the crypto space. The acquisition of ETC Group enables Bitwise to provide clients with global insights and expand its product suite with innovative offerings.

💰 As of August 19, ETC Group's physical bitcoin ETF holds a substantial reserve of over 16,000 BTC, valued at around $954 million. This acquisition positions Bitwise as a significant player in the European market and reinforces its commitment to delivering cutting-edge investment solutions.

With this strategic move, Bitwise is solidifying its position as a leader in the crypto asset management industry and making waves on both sides of the Atlantic.

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🐂 Bitcoin Bulls Run Wild as Fed's Minutes Ignite Market Frenzy

📈 The Federal Reserve's minutes release sparked a surge of optimism, with markets responding positively. The report indicated a favorable stance, suggesting potential policy easing at the next meeting if economic conditions hold steady. This news propelled equity markets, with all major U.S. indices closing in the green.

💰 Globally, the crypto market expanded to a whopping $2.16 trillion, with Bitcoin (BTC) leading the charge, reaching an intraday high of $61,838 per coin. Ethereum (ETH) also saw gains, albeit more modest. BTC has risen by 4.11% over the week, while ETH lags slightly behind.

🔄 This upward momentum caused a cascade of liquidations in short positions, totaling $13.65 million for BTC and $4.66 million for ETH within just four hours. However, ETH longs took a hit, losing $16.55 million.

💥 In total, $104.76 million in derivatives positions were liquidated, with shorts accounting for the majority. Over 40,000 traders felt the impact, with one unfortunate ETH trader on Binance losing a staggering $2.98 million.

⛔️ Despite the bullish run, Bitcoin encountered resistance at the psychological level of $62,000, currently trading at around $61,350 per unit as of 4:30 p.m. EDT.

🔍 FTX’s Ryan Salame Fights Back: Plea Deal in Jeopardy Over Alleged Government Betrayal

💔 A Broken Promise: In a stunning turn of events, Ryan Salame's legal team has accused the U.S. Attorney's Office of reneging on their word. They claim that the government had promised to drop the investigation into Salame's partner, Michelle Bond, in exchange for his guilty plea. This assurance was crucial to Salame's decision, as he sought to shield Bond and their young child.

🚫 Breach of Trust: Now, with the government allegedly backtracking and pursuing charges against Bond, Salame's attorneys are fighting back. They've filed a motion urging the court to either void his guilty plea or force the government to keep its end of the bargain. The U.S. Attorney's Office has yet to respond, leaving Salame's fate hanging by a thread before his impending prison term.

⚖️ Questionable Tactics: Adding fuel to the fire, Salame's legal team raises concerns about the government's tactics. They argue that the pressure exerted to protect Bond may have unfairly influenced Salame's decision-making process, potentially rendering his plea involuntary. This not only challenges the plea deal but also raises broader questions about the fairness of the entire prosecution.

As this legal battle unfolds, it shines a spotlight on the delicate balance between justice and trust in our judicial system. Will Salame find relief from what he sees as a betrayal? Only time will tell.

📉 Bitcoin Loses Footing as Price Slips Below $62K Threshold

🌎 The global crypto market cap took a hit, dropping by 1.83% to $2.17 trillion on Tuesday. Bitcoin wasn't spared, sliding from its peak of $63,547 to a low of $61,455 at 11 a.m. EDT. By 4 p.m., it struggled just below the $62,000 mark, marking a 2% decline against the U.S. dollar.

⬇️ Ethereum faced an even sharper decline, slipping 3.7% to $2,583 per ether. In the top ten pack, SOL fell by 1.97%, while XRP defied the trend with a 2% gain and DOGE shed 1%. However, it was helium (HNT) that stole the show, rising 8%, while akash network (AKT) suffered the steepest drop, losing 5.85%.

💥 The crypto derivatives market saw a whopping $120.47 million in liquidations, mostly affecting long positions. According to coinglass metrics, around $99.12 million in long positions were wiped out by 4 p.m., with ETH and BTC taking the biggest hits.

📉 Despite recent turbulence, there's hope for stability as market attention turns to the upcoming Federal Open Market Committee (FOMC) meeting and the possibility of a rate cut. The crypto economy is holding its breath after a rollercoaster ride in early August.

🚨 Breaking: WLUNC Soars 25% As Terra Opens Shuttle Bridge, LUNC Price To Rally Next❓

WLUNC surges 28% as Terra Classic reopens Shuttle Bridge, enabling asset transfers and enhancing platform liquidity.

👉 Read more

📉 Bitcoin ETFs Experience Outflows, but ARKB Shines

💸 The US bitcoin ETFs faced a setback on Aug. 29, with a total outflow of $71.73 million. Fidelity's FBTC took the biggest hit at $31.11 million, followed by Grayscale's GBTC and Blackrock's IBIT.

📉 Bitwise's BITB and Valkyrie's BRRR also saw losses, while Ark Invest's ARKB stood out with a $5.34 million inflow. Other funds like Grayscale's Bitcoin Mini Trust had a steady day.

⚖️ The cumulative net inflows for these funds now stand at $17.78 billion, holding 4.62% of bitcoin's market value. In contrast, ETH ETFs experienced minor outflows, except for Grayscale's Ethereum Mini Trust.

💼 Despite the turbulence, the cryptocurrency market remains dynamic as investors navigate the ever-changing landscape of digital assets.

🦁 Ethereum Holds Strong: Despite challenges from Bitcoin and Solana, Ethereum remains the king of defi with a whopping $47.01 billion locked in its network, making up a significant chunk of the $82.2 billion total value locked (TVL).

🚀 Tron and Solana Rise: While Ethereum leads the pack, Tron secures its spot as the second-largest defi player with a TVL of $8.11 billion, followed by Solana at $4.778 billion. These rising stars are making their mark in the ever-expanding defi universe.

🏗 Building on Strong Foundations: Ethereum's dominance is fueled by major protocols like Lido, Eigenlayer, Aave, Maker, Etherfi, and Uniswap. Tron's success is driven by Justlend, Juststables, and Sunswap, while Solana shines with Jito, Kamino, Jupiter, and Marinade.

📉 Ups and Downs: August saw some turbulence for the top ten defi protocols, but Justlend and Binance's Staked Ether protocol managed to defy the odds. Bitcoin may be in the 15th spot with $517.97 million locked, but it's still in the game.

🌱 A Dynamic Future: As the defi landscape evolves, Ethereum's strong position underscores its foundational role. Tron and Solana's rise hints at a diversifying ecosystem. Despite recent downturns, innovation continues across various chains – defi's future remains bright and full of potential.

🔍 A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records

🚀 2024: Bitcoin's Year of Dominance

In the vast ocean of cryptocurrencies, Bitcoin (BTC) has emerged as the mighty whale, commanding over 56% of the crypto market. But it's not alone in this race. The top ten L1 chains, including BTC, together hold a staggering 81.77% of the total market share.

⚖️ Comparing Blockchains: A Closer Look at TPD and TPS

While there are many ways to measure blockchain networks, we're zooming in on one crucial metric: daily verified transactions. By breaking it down into the 86,400 seconds that make up a day, we get a glimpse of each network's transactions per second (tps).

📊 Data Sources and Accuracy Checks

To ensure accuracy in our analysis, we've tapped into trusted sources like Coin Metrics and Artemis Terminal. But we didn't stop there. Blockchain explorers and statistical sites like ycharts lent their insights to verify the numbers.

🥇 Solana Leads the Pack with Lightning Speeds

According to artemis, Solana steals the spotlight with a record-breaking 57 million transactions on Dec. 24, 2021. That's an impressive 659.72 tps! BNB follows closely with its own milestone of 32.68 million transfers on Dec. 7, 2023, clocking in at 378.24 tps.

🥉 Tron Joins the 10 Million Club

Tron secures its place among the top three by processing a whopping 13.78 million transactions on June 12, 2023, delivering a swift pace of 159.49 tps. It's in good company with Solana and BNB, both surpassing 10 million transactions per day (tpd).

💥 XRP, Avalanche, and TON Make Their Mark

XRP claims the fourth spot with 7.22 million transactions on Dec. 31, 2023, boasting a respectable 83.56 tps. Avalanche surges ahead with 6.4 million transactions on Nov. 22, 2023, at a rate of 74.07 tps. Meanwhile, The Open Network (TON) makes an impressive debut with 5.1 million daily transactions on Dec. 11, 2023, reaching 59.03 tps.

🌐 Ethereum and DOGE Hold Their Ground

Ethereum may be seventh on the list, but its 1.96 million transactions on Jan. 14, 2024, still translate to a respectable 22.69 tps. The meme-inspired DOGE network barks its way to 1.7 million transactions on Nov. 26, 2023, wagging its tail at 19.68 tps.

⚡️ Bitcoin and ADA: Steady Yet Strong

While Bitcoin's transaction count of 928,131 on April 23, 2024, may seem modest compared to others, it still manages a max tps of 10.74. ADA wraps up the top ten with 496,800 transfers on Nov. 22, 2021, clocking in at around 5.75 tps.

🏆 The Future: Scalability and Innovation Battle for Supremacy

As the crypto landscape evolves, speed isn't the only factor shaping these networks' destinies; scalability and innovation are also key. While Solana and BNB dazzle with their transaction speeds, the likes of Bitcoin and Ethereum hold their ground through market share and adoption. The race for relevance in the ever-expanding crypto economy is far from over.

🚀 Bitcoin's Hashrate Soars to 692 EH/s, Inches Closer to 700 EH/s Milestone

📈 Bitcoin's network is flexing its digital muscles once again! On September 8, 2024, the total hashrate of the world's most popular cryptocurrency skyrocketed to an impressive 692.28 EH/s, bringing it tantalizingly close to the monumental 700 EH/s mark. This achievement marks yet another all-time high for Bitcoin's network this week, showcasing its unstoppable growth.

📊 The numbers don't lie – Bitcoin's computational power has been on a steady incline throughout 2024. From a modest 393 EH/s just a year ago, it has surged by an astounding 299 EH/s, representing a jaw-dropping 76.15% increase in raw mining might. And over the past week alone, we've witnessed a hefty leap of 66 EH/s!

⛏ While miners are flexing their hardware muscles, it's not all smooth sailing. The network's mining difficulty is reaching new heights, and miner revenue has taken a bit of a dip. But these challenges are just bumps in the road for Bitcoin's resilient ecosystem.

💰 Speaking of revenue, the hashprice – that's the estimated value of 1 petahash per second (PH/s) – has experienced a slight dip. It now stands at $38.55 per PH/s, according to Luxor's hashrateindex. But don't let that fool you; Bitcoin's growing hashrate is a testament to its long-term strength.

⏱ Quicker block intervals are becoming the norm, with an average time of around 9 minutes and 28 seconds. This rapid pace sets the stage for an upcoming difficulty adjustment on September 10, projected to increase by 5.48%. If all goes as expected, this adjustment will shatter the previous all-time high set just a month ago.

In the ever-evolving world of Bitcoin, one thing is clear – its hashrate is reaching for the stars, bringing with it new milestones and setting the stage for a future where decentralized digital currency reigns supreme. 🌟

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📈 Bitcoin's All-Time High Difficulty Puts Miners in a Bind

💪 Bitcoin miners are facing an uphill battle as the cryptocurrency's difficulty hits a new high, making it 3.58% tougher to strike digital gold. The network's difficulty has soared from 89.47 trillion to a staggering 92.67 trillion, leaving miners grappling with the challenge.

⛏ The mining revenue isn't looking too rosy either, with the hashprice languishing at a meager $39.18 per petahash per second (PH/s). On top of that, onchain fees contribute just a paltry 1.7% to earnings, making it harder for miners to turn a profit.

💰 As the pressure mounts, miners are left with few options. They must either rethink their strategies, invest in more efficient tech, or even delve into the realm of artificial intelligence (AI) to stay afloat. Tough decisions lie ahead for these digital prospectors.

In this volatile landscape, survival is key, and only the most adaptable miners will weather the storm of high difficulty and dwindling returns.

😘 Bloom Era Begins: A New Chapter Unfolds 😘

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🚨 Binance Sounds the Alarm on Clipper Malware Targeting Crypto! Stay Vigilant!

📈 Clipper Malware Surges: Your Wallets at Risk!
Binance, the leading global crypto exchange, has raised a red flag on the rise of Clipper malware. This sneaky digital menace lurks in the shadows, tampering with your wallet addresses and siphoning off your hard-earned digital treasure. It's time to be on high alert!

📱 Unofficial Apps & Plugins: A Gateway for Trouble
The malware's favorite hunting grounds are unofficial apps and plugins, especially on Android and the web. But don't let your guard down if you're an iOS user – they're keeping an eye on you too! Be cautious when downloading software from unofficial sources, as these cyber-crooks often exploit language barriers and restrictions.

🔒 Binance Fights Back: Safeguarding Your Assets
In the battle against this digital menace, Binance has deployed its defenses. They've blacklisted suspicious addresses and thwarted countless attempts to pilfer funds. But they can't do it alone – users must play their part too!

✅ Triple-Check, Stay Secure: Your Shield Against Scammers
To keep those ill-intentioned attackers at bay, Binance advises users to follow a three-step mantra: verify app authenticity, double- or even triple-check withdrawal addresses, and stay up-to-date with security advisories. Remember, a little caution goes a long way in the world of crypto!

So gear up, fellow crypto enthusiasts! With Binance's watchful eye and your own cyber-savviness, we can beat back the malware monsters and keep our digital fortunes safe from harm.