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Jyoti💓

@jyoti-777

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💸 The cryptocurrency exchange Coinbase has launched a wrapped version of Bitcoin — Coinbase Wrapped BTC (cbBTC). The token will operate on the Base and Ethereum networks. The asset is backed by Bitcoin held on Coinbase at a 1:1 ratio.
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⚠️ Consumers' Research Accuses Tether of Lack of Transparency For ten years, various firms have occasionally attempted to criticize the issuer of the largest stablecoin. This time, yet another attempt has been made. ✔️ A consumer advocacy group published a report warning that Tether lacks transparency, claiming the company has not conducted a full audit of its dollar reserves. The situation is said to resemble FTX and Alameda Research. Additionally, Tether has been accused of doing business with dishonest players and failing to prevent illegal entities from operating.
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‼️ Vega Protocol has ceased to exist Members of the L1 blockchain community of Vega Protocol voted to shut down the network and discontinue support for the VEGA token due to the project's low popularity. The network will continue to operate at least until October 27 to provide users with time to withdraw their funds.
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🔗 PayPal and Venmo Have Added Support for Ethereum Name Service Domains Payment platforms PayPal and Venmo have integrated the Ethereum Name Service (ENS), which provides decentralized user domains. This will allow users to avoid long cryptocurrency wallet addresses by sending crypto to an ENS nickname. For now, the feature will only be available in the U.S.
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✔️ The TON Foundation has allocated $24 million to support the DeFi sector of the TON network The non-profit organization TON Foundation announced an additional $24 million for its program to develop DeFi projects on the TON network. The total amount of the initiative has now exceeded $75 million."
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💥 FTX promises to repay its creditors, starting at the end of this year. The total amount to be repaid will be $16 billion.
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🇶🇦 Qatar is beginning to regulate the digital assets sector—new rules include processes for tokenization and legal recognition of ownership rights over tokens, as well as agreements on the custody, transfer, and exchange of digital assets. Additionally, the framework includes provisions for the legal recognition of smart contracts.
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🥸 Vitalik Buterin stated that he hasn't sold for personal gain since 2018—all sales have been directed toward supporting various projects that he considers valuable, either within the Ethereum ecosystem or in broader philanthropic activities (e.g., biomedical research and development). By the way, Vitalik recently got a new girlfriend, and many have linked this to the drop in ETH's price.
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📊 In 2024, the category of political coins (PolitiFi) significantly outperformed the entire meme coin segment in market capitalization growth — 782.4% compared to 90.2%, according to CoinGecko. Despite this, as of August 25, PolitiFi's market share of meme tokens was 1.5% of the total $45.6 billion. At its peak on July 16, it reached 3.3%.
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🪙 Bybit has announced the launch of bbSOL, a liquid staking option for SOL. Binance (BNSOL) and Bitget (BGSOL) have also hinted at launching their own liquid staking options.
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💥 The U.S. SEC is investigating the NFT marketplace OpenSea. 💬 OpenSea's CEO, Devin Finzer, announced that the company received a notice of investigation from the SEC, in which the agency threatens to sue them. The SEC, as with other crypto platforms, equates NFT transactions to dealings in unregistered securities, which violate U.S. laws. The notices (commonly known as Wells notices), one of which was received by OpenSea administrators, warn of potential enforcement actions as part of the investigation into the company's activities. ✔️ Similar notices were previously sent to exchanges like Coinbase and Kraken, broker Robinhood, the administrators of the decentralized exchange Uniswap, and the developers of the MetaMask crypto wallet—Consensys. OpenSea is one of the first and largest players in the NFT market. Following the news of the SEC investigation, the tokens of the largest NFT marketplace Blur (BLUR) and the NFT market aggregator Tensor (TNSR) reacted with a decline.
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🛍 The founder of TRON, Justin Sun, announced that the platform for launching meme tokens, SunPump, has reduced fees by 50% and plans to do so in the future. Sun noted that SunPump’s revenues were “higher than expected,” and therefore, the SUN community intends to conduct a token burn. More details will be provided later.
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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.
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🛍 On Polymarket, the odds of Durov being released by August 31 are estimated at 25% Users of the crypto-betting platform Polymarket have estimated the chances of Telegram founder Pavel Durov being released by August 31 at 25%. ✔️ he total betting volume on this prediction exceeds $83,500. The option to bet on this outcome became available on Sunday, August 25.
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✔️ Elon Musk Supports Pavel Durov Interestingly, Twitter, like other social networks, is full of scammers, and by the logic of French law enforcement, Elon should personally be held accountable for all of this. After all, that's why they arrested Durov...
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‼️ Users of the native TON wallet on Telegram report a platform hack. Specifically, they are receiving messages from the official channel, asking them to send coins to specified addresses in order to "receive twice as much" in return. Of course, this is a scam, and you should not send your coins anywhere. ❌ In light of the situation, the wallet and its support pages have already been flagged as fraudulent. This is clearly done to protect users from further losses.
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Get more dog
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📌 Mt.Gox Has Returned BTC and BCH to Nearly 80% of Clients Mt.Gox representatives have announced that they have distributed funds in Bitcoin (BTC) and Bitcoin Cash (BCH) to over 19,000 creditors out of 25,000. ✔️ The company also urged some clients to fulfill a number of previously outlined requirements to receive their funds. Creditors who meet all the criteria are asked to wait "a little longer" by the bankrupt firm.
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🤤🤑
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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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