617021
Ketan

@sainiketan #617021

Exploring blockchain technology
4 Follower 68 Following
JUST IN: Blackrock's #Bitcoin spot ETF had more inflows than world's largest Gold ETF in 2025. 🔥
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🇺🇸 Trump ousts National Security Adviser Michael Waltz

President Donald Trump’s decision to oust his national security adviser, Michael Waltz, was the product of a slow accumulation of frustration with a former Green Beret officer who was seen as far more eager to use military force than his boss in the Oval Office.

📱 Waltz’s fate was sealed by his inclusion of a journalist on a sensitive Signal group chat in March. But he had been clashing with other top officials since early in the administration, including over whether to pursue military action against Iran, senior officials and Trump advisers said Friday.

🏛 The episode has left some senior White House officials questioning the need for a traditional National Security Council and content to leave Secretary of State Marco Rubio, whom Trump on Thursday named as Waltz’s interim replacement, in a caretaker role for quite some time — a decision that will likely diminish an institution that has had a powerful role
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⚡️ NEW: Warren Buffet says "The natural course of government is to make the currency worth less over time." 👀

"They devalue at rates that are breathtaking and that's continued... In the end, if you've got people that control the currency, you can issue paper money and you will."

Embrace #Bitcoin 🧡
JUST IN: Michael Saylor hints at buying more #Bitcoin
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JUST IN: Arizona Governor vetoes #Bitcoin reserve bill (SB1373), citing BTC as untested investment
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BREAKING: UK plans to ban retail investors borrowing money to invest in cryptocurrencies.
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JUST IN: Japan's Metaplanet launches US subsidiary with $250M capital to expand #Bitcoin treasury operations across globe.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/1b23fab2-4dcf-4828-afbf-2f10c1db3300/original
JUST IN: Wall Street CEOs are "ready to go bigger in crypto," CNBC reports.
🥸 Vitalik Buterin discussed the benefits of solo staking Ethereum.

Solo staking Ethereum is key to the security and decentralization of the second-largest cryptocurrency network. This was stated by its co-founder, Vitalik Buterin.

📌 According to the expert, solo stakers represent an uncoordinated and diverse group, which reduces reliance on centralized exchanges (CEX).

Even a small portion of them can add a crucial decentralized layer of protection to Ethereum. Buterin also examined the role of solo stakers in 51% attack scenarios.
✔️ He noted that the key difference lies in the level of network control by the attacker: 50-56% or 57%+. In the latter case, block finalization becomes possible, which could lead to forks, he pointed out.
❄️ The market capitalization of ADA has surpassed that of TON

The total market capitalization of ADA is $12,03T, which is $106,01M more than that of TON 💎
JUST IN: 🇺🇸 $1.78 trillion was wiped out from the US stock market in the first week of September.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/cdcaf4ce-f8ab-4d57-4ead-5ca8c92d2300/original
MR.100 aggressively bought 4000 BTC since 28th August.
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🔸 Media: CZ permanently removed from Binance

Binance has permanently banned former CEO Changpeng Zhao (CZ) from managing the company, though he remains a major shareholder with significant influence, reports Axios 🥵

Previously, his management ban was expected to last only three years. After admitting guilt, CZ stated he would not return as CEO and plans to invest in blockchain, AI, and biotech companies 🖥

Daily Scan
💸 According to Santiment, large players continue to accumulate Bitcoin while smaller traders panic—just in August, over 283 wallets surpassed the 100 BTC mark.

🔼Currently, there are 16,120 wallets on the network holding more than 100 BTC, a record high for the past 17 months. Meanwhile, the number of addresses with a balance of 10 BTC is also increasing.

In total, over the past 30 days, wallets with balances ranging from 10 to 10,000 BTC have accumulated more than 133,000 BTC, worth over $7.6 billion.
🥶A 19-year-old trader lost $64,500

According to a Reddit user, he first lost $8,500 on a short position in copper, influenced by criticism of bronze medals (88% copper) at the Paris Olympics 📉

Left with $400, he then tried trading one-day options on the S&P 500 🛍

The next day, he woke up to a requirement to purchase 100 SPY shares, resulting in a $56,000 debt to his broker 🎭
📊 The Prediction Market from Drift Surpasses Polymarket in Trading Volume

Today, the daily trading volume on the BET platform by the Drift Protocol team reached $20 million, which far exceeds Polymarket's $3.7 million.

The latter is one of the most popular platforms in this segment.
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🖼 In August, Polymarket surpassed all NFT marketplaces combined in trading volume

While NFT trading volumes reached around $377 million over the past 30 days, Polymarket recorded $463 million in transactions on its platform 🔼
❓ Report: Average Lifespan of Crypto Scams in 2024 Reduced to 42 Days

According to a Chainalysis report, from 2020 to 2024, the duration of fraudulent schemes has significantly decreased — from 271 days to 42 days, respectively.

‼️ Additionally, perpetrators are shifting from more complex and long-lasting scams to simpler ones, such as "pig butchering." This scheme involves the scammer allowing the victim to earn a small amount initially, only to then trick them into losing their funds.
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🔜 Following Binance, exchanges Bitget and Bybit are preparing an announcement.

According to rumors, the exchanges plan to launch tokens for liquid staking on the Solana blockchain.
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⚽️ The Twitter account of French footballer Kylian Mbappé was hacked to promote the MBAPPE token. The market cap of the shitcoin skyrocketed to tens of millions within minutes, followed by a rug pull. The tweet has since been deleted.

One user bought the scam token with 7,156 SOL, losing over $1,000,000 in just one hour.
⚠️ Pavel Durov is being questioned in relation to an unnamed individual against whom the following charges have been brought:
- Aiding in the administration of an online platform for conducting illegal transactions as part of an organized group;
- Refusing to provide authorities with information or documents necessary for data interception;
- Aiding in the possession of pornographic images of minors;
- Aiding in the acquisition, transportation, storage, and sale of narcotics;
- Aiding in the sale or provision of tools for unauthorized access to automated systems;
- Aiding in organized fraud;
- Participating in a criminal association for committing offenses punishable by 5 or more years of imprisonment;
- Money laundering of proceeds derived from organized group crimes;
- Providing and importing cryptographic services and tools without proper certification and prior notification.
The detention period was extended until August 25 by the investigating judge and can last up to 96 hours, i.e., until August 28.
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💵 Binance will list the MiCA-compliant stablecoin Eurite (EURI), pegged to the euro. The issuer is Banking Circle SA.

Trading will open on August 28. The exchange has also announced zero fees for EURI on both spot and margin markets until further notice.
🇨🇳 China has recognized cryptocurrency transactions as a form of money laundering

The Supreme People's Court and the Prosecutor's Office of China have incorporated the concept of virtual asset transactions into the anti-money laundering law. This marks the first significant amendment to the law, which has been in effect since 2007.

❌ Now, the transfer and conversion of digital assets obtained illegally fall under the scope of this law. Such operations will be considered as "concealing the source and nature of criminally obtained proceeds."

Violators may face fines of up to 200,000 yuan ($28,000) or prison terms of five to ten years in aggravated circumstances.
🔥 TRON is taking over the meme token market

The recently launched Sun Pump platform on the TRON network has surpassed its competitor Pump Fun on the Solana network in daily activity and revenue.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/e5a46be1-15fa-44d5-7a0b-8ef2456b0100/original
Binance plans to expand its compliance department to 700 employees.

The total number of company employees is 5,000. This was reported by the head of the company, Richard Teng.

Teng noted that Binance receives more and more requests from law enforcement agencies around the world, this year their number reached 63,000, and last year — 58,000.

The company's expenses for regulatory compliance also exceeded $158 million.

In addition, the exchange is now choosing a location for its headquarters. In particular, Dubai, Abu Dhabi and another city are being considered, which Teng did not name.

@voicetov
🪙 The regulatory status of Solana in the U.S. is hindering the launch of ETFs

The CBOE exchange has withdrawn its applications for launching Solana-based exchange-traded funds (ETFs) "at the request" of the SEC, the main securities regulator in the U.S. The agency continues to classify the SOL token as an unregistered security.

Companies aiming to launch Solana ETFs are currently in negotiations with the SEC.

In the summer of 2023, the SEC, in a lawsuit against Binance, classified several cryptocurrencies, including Solana, Polygon, Filecoin, Cardano, and others, as unregistered securities, implying that trading these assets violates U.S. laws. As a result, major trading platforms like Robinhood, eToro, and others delisted these cryptocurrencies.

Several companies, including those that launched similar funds for Bitcoin and Ethereum, have filed applications to launch so-called spot ETFs based on Solana
💸 Glassnode: 74% of Bitcoin Holders Haven’t Moved Their BTC in Over Six Months

According to data from the analytics platform Glassnode, 74% of Bitcoin holders haven’t moved their assets in more than six months.

Around 16.6% of long-term Bitcoin holders have been inactive for over ten years. Another 4.98% have been inactive for seven to ten years, while 9.15% have held their coins for five to seven years.

“The trend of holding reduces the supply of the asset available for trading, which could potentially lead to price increases as demand grows and supply diminishes,” stated Cointelegraph."
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💸 Glassnode: 74% of Bitcoin Holders Haven’t Moved Their BTC in Over Six Months

According to data from the analytics platform Glassnode, 74% of Bitcoin holders haven’t moved their assets in more than six months.

Around 16.6% of long-term Bitcoin holders have been inactive for over ten years. Another 4.98% have been inactive for seven to ten years, while 9.15% have held their coins for five to seven years.

“The trend of holding reduces the supply of the asset available for trading, which could potentially lead to price increases as demand grows and supply diminishes,” stated Cointelegraph.
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⚠️ Google has been sued over a malicious cryptocurrency wallet app — the victim intends to claim $5,000,000 from the company.

✔️ Analysts emphasize that this incident is part of a broader trend in cryptocurrency theft — there is a need for stricter app monitoring and improved regulatory frameworks.
🔼 The amount of BTC in U.S. ETFs could surpass Satoshi Nakamoto's balance

The U.S. Bitcoin ETF market is growing at an average rate of 37,510 BTC (~$2.278 billion) per month. At this pace, it could surpass the estimated holdings of Satoshi Nakamoto, noted Bloomberg ETF analyst Eric Balchunas.

The expert believes that the ETF market could exceed Satoshi's holdings as early as October 2024.

Furthermore, Balchunas suggests that without ETFs, the price of Bitcoin would be around $20,000.
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El Salvador announces private investments of $1.6 billion — the largest in the country's history.

The $1.6 billion investment from Yilport Holding will be used to modernize the port in Acajutla and to build a new port in La Unión, where Bitcoin City is planned to be constructed.
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💵 Crypto Projects Raised $2.7 Billion in Investments in Q2

Venture capital investment in cryptocurrency projects increased by 2.5% in Q2 2024, reaching $2.7 billion, according to PitchBook's report.

✔️ Analysts also noted a 12.4% reduction in the total number of deals, indicating a growth in investment volume.

The total for 2024 is expected to surpass that of 2023, with estimates of $10.8 billion compared to $10.1 billion.
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📊 Exchange BTC reserves have fallen to levels last seen on November 19, 2018.

And in 2019, one of the greatest bull runs in history began.
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🔽This week was unfortunate for spot Bitcoin ETFs in the U.S.

Over the course of five trading days, they recorded a net outflow of $159.6 million.

Meanwhile, Ethereum ETFs attracted $106.7 million. A shift in sentiment, indeed.
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🪙 The bankrupt crypto lender Celsius is filing a lawsuit against Tether, demanding $2.4 billion.
🌐 Ripple Labs fined $125M by SEC

Ripple Labs was fined $125 million and barred from future violations. Judge Analisa Torres cited concerns about potential breaches ℹ️

CEO Brad Garlinghouse noted the SEC's demands were significantly reduced, calling the outcome a victory for Ripple Labs and the XRP community 🇨🇦
How did Bitcoin investors behave during the recent market downturn?

📌 According to blockchain data, holders of wallets with between 1,000 and 10,000 coins actively increased their crypto holdings, meaning they were buying more.

📌 At the same time, owners of addresses with balances not exceeding 1 BTC were offloading their Bitcoins, note analysts from IntoTheBlock.

✔️ t appears that experienced and wealthy players clearly do not doubt the potential of digital assets and are willing to take risks. Meanwhile, relatively inexperienced investors sometimes act on emotions in their transactions. That's the difference.
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🔼 Interest in decentralized trading platforms has reached a record high

The share of trading on decentralized exchanges (DEX) has peaked compared to traditional platforms (CEX).

✔️ The monthly volume on DEX relative to CEX has reached its highest level ever—23.2%.

The previous record was set just a week ago at 14.39%.

💵 The total trading volume on DEX for the first six days of August has reached $40 billion. For the entire month of July, the figure was around $150 billion.

Nearly half of August’s volume is attributed to the Uniswap exchange.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/7e35cdb4-da44-40d6-f6ef-6363dfd2cd00/original
📊The market has trimmed more than $1 billion in the past 24 hours, but shorts are now at risk: $2.189 billion in short positions will be liquidated if there is a recovery.
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🔼 Meme Coins Propel Solana to Lead in Trading Volume on Decentralized Exchanges

Did you think Ethereum (ETH) was the unshakable titan of decentralized finance (DeFi)? It’s time to reconsider.

✔️ In July 2024, we witnessed a real revolution in the cryptocurrency market: Solana (SOL) surpassed Ethereum in trading volume on decentralized exchanges (DEX) for the first time.

Numbers don’t lie. According to DeFi Llama, in July, Solana-based decentralized exchanges processed transactions worth $56.849 billion.

And what about Ethereum? Its figure was "only" $53.867 billion. A difference of more than 5% is not insignificant when it comes to billions of dollars.

But that's not all. Solana dominated for 17 days during the month, capturing 30% of the total trading volume on DEX. Ethereum had to settle for 28.12%.

Who would have thought such a thing was possible just a year ago?
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‼️ Miner Revenue Indicator Reaches Minimum

The miner profitability indicator has reached a new low. The so-called "hashprice" has dropped to $36.

🔽 This figure represents the amount a Bitcoin miner can expect to earn per 1 PH/s (petahash per second) of computing power per day. The metric was introduced by the American mining company Luxor Technologies.

At its peak at the end of 2021, the figure reached $3,500. From the beginning of 2024 until the halving on April 20, it ranged from $77 to $120.

After the halving, the indicator jumped to $139 due to high fees earned by miners, but once the average fee size returned to normal, the hashprice value mostly declined.**

📌 According to the mining pool f2pool, with the current Bitcoin exchange rate and an average electricity cost of $0.07 per kilowatt-hour, most popular mining devices are on the verge of profitability.

In such conditions, mining remains profitable with models like the Antminer S21, Avalon A1466I, and Antminer S19XP.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/cbf45ad4-e012-4fa8-7909-9079cf09ae00/original
🔥 Women working in the cryptocurrency industry earn more than men

Based on median base salary, for every dollar earned by a man, a woman earns $1.15. In non-cryptocurrency companies, this figure for women is 84 cents.

💵 According to the survey, the Web3 industry is one of the highest-paying fields overall, following medical professions and executive roles in companies. The average weekly base salary for women exceeds $3,000.
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🥸 Donald Trump has launched "official crypto sneakers" for sale. They come in Bitcoin's signature orange color and are limited to just 1,000 pairs, priced at $499 each.

💸 What's especially amusing is that the sneakers feature a BTC logo and the phrase "Trump – the Cryptocurrency President."

All for the sake of election votes 👀
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⚠️ Authorities of the Buenos Aires province in Argentina fined the developers of the cryptocurrency Worldcoin (WLD) $200,000💵

According to officials, the blockchain startup's employees:

- Did not properly verify customers' identification documents;
- Did not provide clear information about the procedures used after collecting personal data;
- Included unlawful provisions in the service usage agreement. These oversights could have violated consumer rights.

✔️ Specifically, Worldcoin reserved the right to terminate services to a customer and refuse a refund of financial resources.

Moreover, due to a negligent approach to document verification, minors had the opportunity to bypass age restrictions and register for the project to receive rewards.
💸 Wall Street firm Cantor Fitzgerald, which has been working with Tether since 2021, is launching a Bitcoin lending and financing business. The initial funding for the project will be $2 billion, with plans for further expansion.

Individuals and companies will be able to take out fiat loans collateralized by BTC.

Cantor Fitzgerald serves over 5,000 institutional clients worldwide.
📊 Blockchain Ranking by Number of Active Addresses

The traditional leader is Tron, but for Ronin, the figure of 2 million is a new ATH (All-Time High).
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Throughout July, Bitcoin miners increased their holdings by 4,500 coins, equivalent to $300 million, according to analysts at IntoTheBlock.

🔼 It is evident that the owners of computational equipment are anticipating further growth in the crypto market.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/47bece0d-a5ca-4774-4535-6afa2c924500/original
ℹ️ Get EU citizenship: Invest €500K in Bitcoin via Golden Visa

In the European Union, funds have started offering clients the opportunity to obtain Portuguese (and therefore EU) citizenship by investing €500,000 in Bitcoin through the Golden Visa program ✨

Typically, direct participation in this program requires a similar contribution of €500,000, but in fiat currencies 🎮
JUST IN: Over $1.1 trillion was wiped out from the US stock market today.
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☄️ A user paid a $6,582 fee for a 10-cent transaction, which is 494 times the usual fee.

This occurred due to a scam where hackers altered the recipient's address. The fee was burned in the same block 🇨🇦

The transaction is now marked as conflicting in the mempool, leaving a small chance for miners to resolve the issue 🥺