ERC404: A New Token Standard

ERC404 is an innovative token standard on the Ethereum platform that combines features of ERC20 (the standard token) and ERC721 (NFT). Its goal is to bridge the gap between fungible tokens and non-fungible assets, offering new opportunities for decentralized applications and the cryptocurrency market.

How ERC404 Works

When you purchase 1 PANDORA token, after the transaction is confirmed, the holder receives both the PANDORA token and a unique Pandora NFT, which is generated by the minting contract. If 1 PANDORA is sold, the corresponding NFT is burned. This same principle applies when transferring the token from one wallet to…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

Over $592 million has already been wagered on the outcome of the U.S. elections

The Polymarket platform attracts the attention of both seasoned traders and newcomers eager to make their predictions on one of the most significant political events in the world.

Of this amount, $74 million has been placed on Donald Trump, who remains actively involved in the election race despite the controversies surrounding his political career. His supporters believe he can reclaim the presidency. Meanwhile, $64.8 million has been placed on Kamala Harris, who, as a key figure in the Democratic Party, also enjoys substantial support among voters.

Interestingly, despite the significant bets on the Republican candidate, current projections show that…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

Ripple does not believe that an SEC appeal will affect the status of the XRP token

The company’s Chief Legal Officer, Stuart Alderoty, stated that he would not be surprised if the regulator decided to appeal the court’s decision.

On August 7, Judge Analisa Torres fined Ripple $125 million as part of a long-standing dispute with the SEC. Initially, the regulator sought $2 billion.

In July 2023, Ripple won a partial victory when Torres ruled that XRP token sales do not constitute investment contracts.

The SEC has already attempted to appeal this decision, but Torres rejected the interim appeal. The commission now has the opportunity to file a new appeal, but Alderoty is confident that…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

TRON has launched a platform for creating memecoins

The TRON ecosystem has introduced a new platform for issuing meme tokens called SunPump, which is expected to become a significant player in the memecoin market.

The project is closely connected to TRON’s founder, Justin Sun. In an interview with CoinDesk, he emphasized that SunPump not only provides a platform for launching meme tokens but also carefully selects projects before their launch to ensure they meet certain standards of integrity. This helps to exclude questionable projects and build trust in the platform.

Additionally, the statement mentions that the new service will compete with a similar platform, PumpFun, which operates on the Solana network. SunPump plans to attract more developers and investors by offering more transparent conditions and higher verification standards. The competition between SunPump and PumpFun could heat up the memecoin market, offering users new exciting opportunities and potentially higher returns.

Robert Kiyosaki once again criticized the FED and urged people to invest in gold, silver, and Bitcoin

Kiyosaki emphasized that his rich dad often said that PhD stands for “poor, helpless, and desperate.”

“The Fed won’t save you. It’s time to save yourself. Invest in gold, silver, Bitcoin, and stop listening to poor, educated people,” he added.

In January, when the U.S. approved a spot Bitcoin ETF, Kiyosaki predicted that Bitcoin’s price would reach $150,000. He also advised exchanging “fake dollars” for gold, silver, and Bitcoin.

Later, Kiyosaki explained that he views Bitcoin as protection against the devaluation of savings caused by inflation, taxes, and stock price manipulation. This is why he prefers to invest in…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

The accumulation phase is back in action

Early August was unfavorable for the cryptocurrency market, but now it’s gradually recovering, bringing optimism to investors.

Long-term investors were able to secure significant profits after Bitcoin’s all-time high in March. This wave of growth prompted many to lock in their profits, leading to an increase in sales volume.

In the following months, holders continued to sell BTC, but the volume of sales significantly decreased. Over the past three months, long-term holders have increased their reserves by more than 374,000 BTC. Some of those who sold their coins in April-July are now buying crypto again at significantly lower prices,…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

The massive withdrawal of stablecoins from exchanges is causing concern

And may also indicate the formation of a bearish trend in the cryptocurrency market.
According to the analytics platform IntoTheBlock, investors have begun actively withdrawing their USDT from exchange wallets, preferring to move funds into safer assets or cold storage. This process began on Tuesday, when approximately $1 billion worth of USDT was withdrawn from exchanges, marking the largest stablecoin outflow since May 2024. Such a significant withdrawal of funds may suggest that major players are preparing for a potential market correction.

Additionally, market participants have started to revise their trading strategies, leading to a decrease in investment volumes…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

Glassnode: 74% of BTC holders have not moved their coins for over six months

Despite Bitcoin’s 21% drop from its all-time high, 74% of all coins have not been sold or moved in the past six months, reflecting long-term investors’ confidence in the future of the cryptocurrency. This is according to data from the analytics firm Glassnode.

As per the HODL Waves chart, the share of Bitcoin held by long-term investors reached 45% on August 11, indicating a significant proportion of coins are being held in anticipation of future price increases.

Analysts previously noted that the growing share of “aged” coins indicates a solidifying expectation of higher prices and reluctance to sell at…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

The likelihood of a Fed rate cut has significantly decreased

This, in turn, has slowed the inflow of funds into cryptocurrency assets. According to CoinShares, from August 11 to 17, inflows into cryptocurrency investment funds amounted to $30 million, significantly lower than the $176 million raised the previous week. This decline reflects reduced investor optimism amid macroeconomic indicators that have lowered expectations for an aggressive Fed rate cut of 50 basis points in September.

ETP trading volume nearly halved to $7.6 billion, further indicating market weakness. The most significant impact was on funds related to Solana, which saw record outflows of $39 million, coinciding with a sharp drop in…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com

The SEC Expresses Doubts About Solana’s Status as a Non-Security

The U.S. Securities and Exchange Commission (SEC) has raised concerns regarding the legal status of the cryptocurrency Solana (SOL) as a non-security during discussions with potential ETF issuers, according to a source cited by The Block.

As a result of these discussions, CBOE decided not to file Form 19b-4 with the Federal Register. If the form had been registered, it would have initiated the approval process for ETF products, putting time pressure on the SEC to make a decision, the insider noted.

Over the weekend, users noticed that the 19b-4 filings submitted on behalf of issuers had been removed…

👉 Read More

bybit | bingx | okx | Trading Academy💰 | its-crypto.com