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Ketan

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@sainiketan
🥸 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.
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❄️ 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 💎
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JUST IN: 🇺🇸 $1.78 trillion was wiped out from the US stock market in the first week of September.
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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
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💸 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.
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🥶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 🎭
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📊 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 🔼
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❓ 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.
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⚠️ 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.
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🇨🇳 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.
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🔥 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.
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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
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🪙 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
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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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💸 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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