🚨MEWS FLASH:
Xapo Bank & Hilbert Group to launch a #Bitcoin-denominated hedge fund.
Xapo Bank & Hilbert Group to launch a #Bitcoin-denominated hedge fund.
🚨MEWS FLASH:
Over 85,400 people held $1M+ in #Bitcoin as of mid-year, according to Henley & Partners.
Over 85,400 people held $1M+ in #Bitcoin as of mid-year, according to Henley & Partners.
TON Blockchain Faces Outage Amid Memecoin Frenzy, Halts Block Production
TON blockchain halted block production due to a surge in DOGS memecoin trading, leading to a network outage. Validators plan a restart to restore normal operations.
The Telegram Open Network (TON) has experienced a significant outage, halting block production for over three hours due to a surge in trading activity surrounding a new memecoin called DOGS. This unexpected disruption has raised concerns about the network's stability, leading exchanges to suspend transactions. As the TON community works to resolve the issue, the incident highlights the challenges of managing high transaction volumes on blockchain networks.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #TON
TON blockchain halted block production due to a surge in DOGS memecoin trading, leading to a network outage. Validators plan a restart to restore normal operations.
The Telegram Open Network (TON) has experienced a significant outage, halting block production for over three hours due to a surge in trading activity surrounding a new memecoin called DOGS. This unexpected disruption has raised concerns about the network's stability, leading exchanges to suspend transactions. As the TON community works to resolve the issue, the incident highlights the challenges of managing high transaction volumes on blockchain networks.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #TON
AI Tokens Surge Amid Crypto Slump: What’s Fueling the FET Rally?
As the crypto market struggles, AI tokens like Fetch.ai (FET) are outperforming. Investors are eyeing Nvidia’s earnings as a key driver of the recent surge.
While the broader crypto market has faced downward pressure, AI-related tokens like Fetch.ai (FET) have bucked the trend, posting significant gains. As Bitcoin retraces recent highs, the FET token has surged by 80%, driven by a combination of investor expectations around Nvidia’s earnings and the growing prominence of AI in the tech sector.
As the crypto market struggles, AI tokens like Fetch.ai (FET) are outperforming. Investors are eyeing Nvidia’s earnings as a key driver of the recent surge.
While the broader crypto market has faced downward pressure, AI-related tokens like Fetch.ai (FET) have bucked the trend, posting significant gains. As Bitcoin retraces recent highs, the FET token has surged by 80%, driven by a combination of investor expectations around Nvidia’s earnings and the growing prominence of AI in the tech sector.
Crypto Scams Cost Australians $122M in a Year, AFP Warns of Deepfakes and Pig Butchering
Australians lost $122 million to crypto scams in the past year, with most victims under 50. AFP highlights deepfakes and pig butchering as key scam methods.
Australians have fallen prey to crypto scams totaling $122 million ($180 million AUD) over the past 12 months, according to the Australian Federal Police (AFP). The AFP report reveals that younger Australians are increasingly targeted, with modern scam tactics such as deepfakes and pig butchering being the primary methods used by fraudsters. This concerning trend underscores the need for greater awareness and vigilance in the face of evolving digital threats.
Australians lost $122 million to crypto scams in the past year, with most victims under 50. AFP highlights deepfakes and pig butchering as key scam methods.
Australians have fallen prey to crypto scams totaling $122 million ($180 million AUD) over the past 12 months, according to the Australian Federal Police (AFP). The AFP report reveals that younger Australians are increasingly targeted, with modern scam tactics such as deepfakes and pig butchering being the primary methods used by fraudsters. This concerning trend underscores the need for greater awareness and vigilance in the face of evolving digital threats.
🚨MEWS FLASH:
The global crypto market cap stands at $2.11 trillion, reflecting a 0.76% increase in the last 24 hours, according to CoinMarketCap. Bitcoin (BTC) has fluctuated between $57,860 and $60,235 over the past day and is currently trading at $59,754, up 0.61% as of 09:30 AM UTC. Major cryptocurrencies show mixed performance, with top gainers being CHESS (+29%), BSW (+15%), and LOKA (+12%).
The global crypto market cap stands at $2.11 trillion, reflecting a 0.76% increase in the last 24 hours, according to CoinMarketCap. Bitcoin (BTC) has fluctuated between $57,860 and $60,235 over the past day and is currently trading at $59,754, up 0.61% as of 09:30 AM UTC. Major cryptocurrencies show mixed performance, with top gainers being CHESS (+29%), BSW (+15%), and LOKA (+12%).
🚨MEWS FLASH:
CME's "Fed Watch" data reveals a 63% chance of a 25 basis point rate cut by the Federal Reserve in September and a 37% chance of a 50 basis point cut. Looking towards November, there's a 41.4% probability of a cumulative 50 basis point cut, a 45.9% chance for 75 basis points, and a 12.7% likelihood of a total 100 basis point reduction, per Jinshi Data (August 29).
CME's "Fed Watch" data reveals a 63% chance of a 25 basis point rate cut by the Federal Reserve in September and a 37% chance of a 50 basis point cut. Looking towards November, there's a 41.4% probability of a cumulative 50 basis point cut, a 45.9% chance for 75 basis points, and a 12.7% likelihood of a total 100 basis point reduction, per Jinshi Data (August 29).
🚨MEWS FLASH:
According to Odaily, CryptoQuant analyst Joao Wedson notes a strong positive correlation between Bitcoin and altcoins, showing that most altcoins are mirroring Bitcoin's price movements, signaling market consistency and investor confidence. Altcoins like BNT, AXS, LINK, ALGO, and ADA show the highest correlation with Bitcoin, while DASH, CRV, DYDX, BNB, and ALICE have the lowest. Historically, negative correlations have preceded market downturns, so investors should stay alert for potential shifts.
According to Odaily, CryptoQuant analyst Joao Wedson notes a strong positive correlation between Bitcoin and altcoins, showing that most altcoins are mirroring Bitcoin's price movements, signaling market consistency and investor confidence. Altcoins like BNT, AXS, LINK, ALGO, and ADA show the highest correlation with Bitcoin, while DASH, CRV, DYDX, BNB, and ALICE have the lowest. Historically, negative correlations have preceded market downturns, so investors should stay alert for potential shifts.
🚨MEWS FLASH:
Telegram founder Pavel Durov has been indicted and released under judicial supervision in France, per Odaily. He must post a €5 million bond, report to the police twice weekly, and is banned from leaving France. Durov's recent arrest and these stringent conditions underscore the gravity of the situation, though the exact charges remain unclear. His legal team plans to contest these restrictions.
Telegram founder Pavel Durov has been indicted and released under judicial supervision in France, per Odaily. He must post a €5 million bond, report to the police twice weekly, and is banned from leaving France. Durov's recent arrest and these stringent conditions underscore the gravity of the situation, though the exact charges remain unclear. His legal team plans to contest these restrictions.
🚨MEWS FLASH:
Eric Trump, EVP of the Trump Organization, has launched World Liberty Financial, a new platform aimed at reshaping global finance, as reported by TechFlow. In his announcement, Eric Trump emphasized the platform's mission to cut out "corrupt, expensive, and inefficient middlemen" and to empower everyday people by modernizing the financial system. This bold move marks the Trump family's entry into the fintech space, reflecting a broader shift towards decentralized finance and financial empowerment. "A new era of finance has arrived," he stated, signaling a commitment to innovation and equal financial opportunities for all.
Eric Trump, EVP of the Trump Organization, has launched World Liberty Financial, a new platform aimed at reshaping global finance, as reported by TechFlow. In his announcement, Eric Trump emphasized the platform's mission to cut out "corrupt, expensive, and inefficient middlemen" and to empower everyday people by modernizing the financial system. This bold move marks the Trump family's entry into the fintech space, reflecting a broader shift towards decentralized finance and financial empowerment. "A new era of finance has arrived," he stated, signaling a commitment to innovation and equal financial opportunities for all.
🚨MEWS FLASH:
Nvidia's Q2 Earnings Beat Expectations, Boost AI Sector Outlook
Nvidia's Q2 earnings call, reported by Cointelegraph, has brought a wave of optimism to the AI sector. CFO Colette Kress announced that Nvidia's revenue reached $30 billion, outpacing projections by $2 billion. This better-than-expected result, disclosed on Wednesday, August 28, has been seen as a pivotal moment for the AI industry, akin to a "Groundhog's Day" in its significance for market predictions.
Investor sentiment is high following Nvidia's guidance for the upcoming quarter, projecting revenues of $32.4 billion. The company's performance was largely driven by strong GPU sales, excitement around the new Blackwell chips, and a solid showing in data services, especially in China. Production for the Blackwell platform is set to start in Q4, with ongoing demand expected to exceed supply well into next year.
Nvidia's Q2 Earnings Beat Expectations, Boost AI Sector Outlook
Nvidia's Q2 earnings call, reported by Cointelegraph, has brought a wave of optimism to the AI sector. CFO Colette Kress announced that Nvidia's revenue reached $30 billion, outpacing projections by $2 billion. This better-than-expected result, disclosed on Wednesday, August 28, has been seen as a pivotal moment for the AI industry, akin to a "Groundhog's Day" in its significance for market predictions.
Investor sentiment is high following Nvidia's guidance for the upcoming quarter, projecting revenues of $32.4 billion. The company's performance was largely driven by strong GPU sales, excitement around the new Blackwell chips, and a solid showing in data services, especially in China. Production for the Blackwell platform is set to start in Q4, with ongoing demand expected to exceed supply well into next year.
🚨MEWS FLASH:
JPMorgan has noted a surge in interest from asset management firms seeking to launch ETFs that provide exposure to both Bitcoin and Ethereum, as reported by Foresight News via CoinDesk. This growing interest stems from the comparatively lower demand for Ethereum spot ETFs versus Bitcoin spot ETFs. To address this gap and attract a broader range of investors, companies are now exploring the potential of combined Bitcoin-Ethereum ETFs. By offering exposure to both leading cryptocurrencies, these firms aim to capitalize on the strengths of each asset and better cater to the diverse preferences of the crypto investment community. This trend highlights a strategic shift towards more versatile and inclusive investment products in the rapidly evolving digital asset market.
JPMorgan has noted a surge in interest from asset management firms seeking to launch ETFs that provide exposure to both Bitcoin and Ethereum, as reported by Foresight News via CoinDesk. This growing interest stems from the comparatively lower demand for Ethereum spot ETFs versus Bitcoin spot ETFs. To address this gap and attract a broader range of investors, companies are now exploring the potential of combined Bitcoin-Ethereum ETFs. By offering exposure to both leading cryptocurrencies, these firms aim to capitalize on the strengths of each asset and better cater to the diverse preferences of the crypto investment community. This trend highlights a strategic shift towards more versatile and inclusive investment products in the rapidly evolving digital asset market.
Bitcoin Exchange Reserves Hit New Low as $60K Retest Sparks Bullish Sentiment
Bitcoin reserves on exchanges have hit a yearly low, potentially setting the stage for a bull market if demand continues to grow, as Bitcoin nears $60,000.
Bitcoin is once again approaching the $60,000 mark, but this time with a key difference—exchange reserves have dropped to their lowest levels of the year. As analysts speculate on the implications, many believe this supply squeeze could be the catalyst for a sustained bull market, provided demand continues to rise.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #BullMarket
Bitcoin reserves on exchanges have hit a yearly low, potentially setting the stage for a bull market if demand continues to grow, as Bitcoin nears $60,000.
Bitcoin is once again approaching the $60,000 mark, but this time with a key difference—exchange reserves have dropped to their lowest levels of the year. As analysts speculate on the implications, many believe this supply squeeze could be the catalyst for a sustained bull market, provided demand continues to rise.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #BullMarket