Illegal transactions in blockchains have decreased by almost 20%

According to a report by Chainalysis, fraudulent transactions in the network have dropped by nearly 20% since the beginning of the year:

- The total volume of illegal activities has decreased by 19.6% — from $20.9 billion to $16.7 billion
- The average amount of cryptocurrency stolen in a single operation has increased by almost 80% since January (mainly due to the rise in BTC price)
- Scammers are now more focused on centralized exchanges where BTC is traded, rather than on DeFi
- Illegal activity has decreased, while the inflow of funds into legal services has reached its…

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Miners have completed the capitulation phase and are ready for a new stage

The Hash Ribbons indicator confirmed the end of capitulation among Bitcoin miners, signaling a reduction in selling pressure from miners. According to CryptoQuant, this could be a positive signal for the market.

The Hash Ribbons metric analyzes the 30-day and 60-day moving averages of the hashrate to identify periods of financial stress among miners. For the first time since the April halving, these values crossed, which experts consider a “positive signal” for the market.

“Although this indicator doesn’t always pinpoint the exact price bottom, it often precedes price growth,” CryptoQuant specialists emphasized.

Moreover, Bitcoin’s hashrate reached a new…

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Chances of Solana ETF Approval in 2024 Are Close to Zero

The likelihood of Solana ETF approval in the U.S. in 2024 is minimal, as well as in 2025. The situation could change only with a leadership change at the SEC, according to Bloomberg analyst Eric Balchunas.

The expert also noted that Kamala Harris’s victory in the presidential election is unlikely to lead to changes, while Donald Trump’s return to the White House could have an impact.

Balchunas commented on the negative outcome of the second stage of reviewing applications for the launch of the Solana ETF, relying on a procedural flowchart provided by his colleague James Seyffart.

“No…

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What are stETH, wstETH, and weETH?

If you check any cryptocurrency market capitalization rankings, except CoinMarketCap, you may notice new cryptocurrencies in the TOP-30 that you may not have encountered before.

For example, in the CoinGecko rankings, you’ll find stETH in 8th place by market cap, wstETH in 13th place, and weETH in 27th place.

Where did they come from, and why aren’t they on CoinMarketCap?

These tokens represent different forms of the cryptocurrency ETH. CoinMarketCap doesn’t display them in its rankings to avoid confusing users, while CoinGecko and Cryptorank include them, showing a more accurate picture of market capitalization. These tokens are actively…

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How to Avoid Airdrop Scams

Despite the abundance of scams, airdrops remain a popular tool for promoting various DeFi platforms. Many protocols have yet to release their native tokens, indicating that there may be new “free coin” distributions in the future. This attracts the attention of both newcomers and experienced users looking to get free crypto assets.

However, aside from fake websites heavily promoted on social media, investors sometimes find unknown tokens in their wallets. This may seem tempting, but caution is advised. It’s not uncommon for such “gifts” to be traps set for unsuspecting users.

To check the origin of such coins, users…

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Ripple announced the launch of the beta testing phase for its RLUSD stablecoin

RLUSD is a stablecoin pegged to the US dollar.

Key points from the announcement:

- RLUSD is 100% backed by US dollar deposits, short-term US Treasury bills, and other cash equivalents.
- The reserve assets will be regularly audited by an independent firm, and Ripple will publish monthly reports.
- The primary version of RLUSD will be available on Ethereum, with plans to expand to other blockchains and DeFi protocols in the future.
- Currently, RLUSD is not available for purchase or trading but is undergoing active testing on the Ethereum and XRPL blockchains.
- Ripple intends to…

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The average transaction fee in the BTC network has surged dramatically

On August 22, the average transaction fee in the Bitcoin blockchain unexpectedly increased by 937.7% compared to the previous day, jumping from $0.74 to $7.68, according to Blockchain.com data. This marked a significant deviation from the usual trend: since July, average fees in the network had remained relatively stable and stayed below the $2 mark. Notably, on August 18, the fee hit a historic low of $0.56.

This sharp increase in transaction costs forced network participants to reconsider their strategies. Some users and developers, like Bitcoin developer Mononaut, had to incur significant expenses. Mononaut spent 0.5 BTC to consolidate…

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Time to Lower the Rate

The U.S. economy is showing signs of stabilization, inflation is moving toward the target level of 2%, and the Fed chair announced plans to lower the key interest rate this fall during the recent meeting.

How might this decision impact the crypto market?

1. Increased appeal of risky assets: When central banks lower interest rates, traditional financial instruments like bonds and deposits become less attractive in terms of returns. This prompts investors to seek alternative, higher-yielding but riskier assets, such as cryptocurrencies.
2. Increased liquidity: Lower rates are often accompanied by looser monetary policy, which…

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Bitcoin remains tied to the U.S. IT sector

Bitcoin’s dependence on the U.S. stock market remains and is even intensifying.

According to Bloomberg strategist Mike McGlone, the U.S. economy is at risk of recession. If the negative scenario unfolds, we can expect a slowdown in business activity.

In 2024, the U.S. financial sector faced significant challenges, prompting investors to shift their focus to gold.

If the Federal Reserve continues to adhere to a tight monetary policy, investors are likely to avoid IT stocks.

At the moment, Bitcoin also appears weak and is not attracting significant capital inflows.

Mike McGlone believes that Bitcoin is unlikely to show significant…

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UniSwap continues to expand its presence in the market

Driven by constant updates and feature enhancements. The platform offers users access to a wide range of tokens and attractive conditions for liquidity providers, making it a preferred choice for many in the DeFi community.

Moreover, UniSwap is actively introducing innovations, such as protocols for optimizing exchanges and managing liquidity, which help it stay competitive and attract new users.

Despite the significant gap, other platforms like Curve and PancakeSwap are also evolving and offering unique solutions to their users, maintaining a competitive dynamic in the DEX market.

With the total value of locked assets on leading exchanges reaching $17.4 billion, the DeFi market continues to show steady growth and is attracting increasing attention from both individual and institutional investors.

Human-AI Symbiosis

In the 2040s, humanity will merge with artificial intelligence, forming a super-being that will no longer suffer from illnesses and will live longer. This view was expressed by futurist and former Google employee Ray Kurzweil.

In his book “The Singularity Is Nearer: When We Merge with AI,” he reflects on the coming of the singularity.

Singularity is traditionally understood as the moment when artificial intelligence reaches the level of artificial general intelligence (AGI), capable of reasoning on par with or even surpassing humans. According to Kurzweil, this event will occur as early as 2029.

In this context, AGI refers…

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More Than Half of BTC Hashrate Is Controlled by Two Pools

Foundry USA and AntPool, two leading mining pools, control over 50% of Bitcoin’s network computing power.

According to Blockchain data, these two pools hold 56.7% of the total BTC hashrate.

Over the past 72 hours, they have mined the most blocks. On Sunday, Bitcoin’s hashrate reached 651 Eh/s.

Foundry accounts for 215.79 Eh/s, while AntPool controls 153.55 Eh/s.

In the past six months, Foundry has nearly doubled its capacity, increasing its hashrate from 140.26 Eh/s at the beginning of the year to 215.79 Eh/s, a growth of 75.53 Eh/s.

AntPool’s hashrate has also slightly increased, remaining within stable ranges.…

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