The crypto industry boasts a vast array of assets, posing a challenge for centralized exchanges (CEX) in selecting the right coins for listings. With around 15,000 cryptocurrencies in the market, including Bitcoin and stablecoins like Tether, major exchanges like Binance only list about 2.5% of tokens. To aid exchanges in this process, Nansen and Bitget collaborated on a report, 'Discovering Token Potential for Trading and Exchange Listing.' The report evaluates token potential based on the token cycle, using offchain metrics for early-stage tokens and onchain metrics for established ones. Bitget emphasizes principles like growth potential, quick listing of popular assets, and offering diverse options. They employ an automated onchain data monitoring system to assess coins in areas like market traction and security. Smaller exchanges face liquidity challenges and must strategically select tokens for listing to avoid future delistings. Researching the token's team, roadmap, and project details is crucial to prevent listing unreliable tokens. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin was created on Jan. 3, 2009, with the mining of the genesis block by Satoshi Nakamoto, marking the birth of the first cryptocurrency. Over time, certain wallet addresses have accumulated a significant portion of the Bitcoin supply. The Blockchain Council reports that more than 19.71 million BTC have been rewarded to miners, out of a total of 21 million available. Data from BitInfoCharts reveals that a small percentage of wallet addresses, known as 'whales,' hold over 90% of the total BTC in circulation. This concentration of wealth raises concerns about market manipulation and centralization. Experts emphasize the importance of promoting decentralization to mitigate risks associated with uneven distribution. While whales can influence market dynamics, any significant changes to the Bitcoin network require broad consensus among miners, developers, and node operators. Read more AI-generated news on: https://app.chaingpt.org/news

The article has been updated to include details about the XRP re-locking process. In August, nearly $1.5 billion in tokens from various crypto projects will be unlocked, with 1 billion XRP tokens leading the pack. Ripple, the company behind XRP, regularly unlocks tokens on the first day of each month since 2017. Despite unlocking up to 1 billion tokens, the actual circulation amount is lower due to a re-escrow process. Other projects like Avalanche, Wormhole, Sui, and dYdX will also release significant token amounts in August. Notable unlocks include ImmutableX, Aptos, The Sandbox, Starknet, and Arbitrum. These releases will impact the crypto market and provide opportunities for investors and enthusiasts to engage with these projects. Read more AI-generated news on: https://app.chaingpt.org/news

In 2024, the Ronin network outperformed other blockchains in terms of daily active users (DAU) as its gaming-focused ecosystem achieved significant milestones. On July 29, data from Token Terminal revealed that Ronin had reached a record of two million DAUs, surpassing active blockchains like Tron and Solana. Tron held the second position with 1.8 million users, while Solana had 1.2 million users in the past 24 hours. The increase in active users was attributed to factors such as the growth of the NFT marketplace Mavis Market and the listing of the Ronin (RON) token on Binance. Additionally, the network now boasts 15 playable games, with more in development. Ronin also introduced Ronin zkEVM, a ZK-rollup technology, to enhance its technology stack and prepare for handling large transaction volumes in the future. Read more AI-generated news on: https://app.chaingpt.org/news

Investors in BONK have experienced mixed feelings as the meme coin failed to meet their expectations. The current sentiment is leaning towards a drawdown, with pessimism prevailing due to the lack of anticipated profits. This negativity has also affected the funding rate, turning it negative as hopes for significant gains fade. The price of BONK is currently struggling to stay above support levels, facing resistance at $0.00003182. While some investors believe in an uptrend continuation, others predict a decline if support at $0.00002748 is breached. However, if the crucial support level holds, a potential recovery could occur if the resistance is surpassed. It is essential for investors to stay informed and conduct their research before making any financial decisions in the volatile crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

A British hacker, Elliot Gunton, received a three and a half-year prison sentence for stealing over $900,000 from 500 Coinbase accounts through phishing. Gunton's sophisticated scheme involved redirecting log-ins to a fake website. In a separate case, Abner Alejandro Tinoco and his firm were ordered to pay over $31 million for running fraudulent crypto and forex schemes. The schemes, akin to Ponzi schemes, funded Tinoco's lavish lifestyle. Additionally, a Korean man was arrested for defrauding victims of $1.3 million through a fake crypto-mining business. These cases highlight the prevalence of crypto-related scams and the legal repercussions faced by perpetrators. Investors are advised to exercise caution and be wary of solicitations offering unrealistic returns to avoid falling victim to such fraudulent schemes. Read more AI-generated news on: https://app.chaingpt.org/news

During the Bitcoin 2024 conference, Donald Trump pledged to make the US the global crypto hub, vowing to retain the country's Bitcoin reserves if re-elected. However, concerns arise over the legalities of holding seized assets. The US government currently holds 212,847 BTC, valued at $14.4 billion, originating from the Bitfinex hack. Questions loom over asset forfeiture laws and the fate of these funds. Trump's commitment to holding all BTC assets may not defy court orders, hinting at flexibility. In a separate matter, Trump proposed commuting Silk Road founder Ross Ulbricht's sentence, involving seized BTC worth $3.4 billion. While a commutation would uphold Ulbricht's conviction, a pardon could absolve him, though recent developments suggest he may have forfeited his claim to the funds. The legal complexities surrounding these crypto-related promises add layers of uncertainty to Trump's vision for the US in the crypto sphere. Read more AI-generated news on: https://app.chaingpt.org/news

The University of Wyoming is preparing to inaugurate the UW Bitcoin Research Institute in August, with the goal of producing top-notch, peer-reviewed studies on Bitcoin. Bradley Rettler, an Associate Professor and Bitcoin advocate at the university, will lead the institute. Rettler criticized the current state of Bitcoin research as inadequate and emphasized the necessity for more high-quality publications to educate the public about Bitcoin's nature and functionality. The institute plans to commence operations in August alongside the 2024-2025 Fall semester, offering workshops, academic awards, and weekly seminars. Additionally, the institute is a nonprofit organization that welcomes Bitcoin donations for research purposes. Wyoming is emerging as a prominent Bitcoin-friendly state, supported by figures like Senator Cynthia Lummis and Caitlin Long. Lummis recently proposed a Bitcoin Reserve bill to acquire 5% of the total Bitcoin supply to alleviate national debt. Read more AI-generated news on: https://app.chaingpt.org/news

Crypto investor Nic Carter, known for his influential voice in the industry, recently won a mixed martial arts bout against Coty Kuhn, a fellow crypto enthusiast. Carter's victory came after a professional-style boxing training camp, despite health challenges. In other news, Patrick O’Grady is leaving Ava Labs to start his own venture, emphasizing the importance of blockchain technology. Presidential candidate Donald Trump's comments at the Bitcoin 2024 Conference sparked discussions on strategic BTC reserves. Industry experts like Anthony Pompliano and Samson Mow weighed in on the potential impact. Additionally, the US State Department offered a reward for information on cyberattacks linked to North Korea, highlighting the country's use of cryptocurrency for illicit activities. U.S. Senator Cynthia Lummis proposed establishing a strategic Bitcoin reserve to strengthen the US dollar. Meanwhile, Elon Musk's social media platform faced scrutiny over data privacy concerns. Read more AI-generated news on: https://app.chaingpt.org/news

Token unlocking involves the release of previously restricted tokens in the crypto world. Projects strategically plan these releases to avoid market pressure and maintain token prices. Factors like liquidity issues and early investor actions can impact asset dynamics significantly. Noteworthy upcoming token unlocks include Optimism, Sui, ZetaChain, and Wormhole. Optimism, a Layer-2 scaling solution for Ethereum, will increase its circulating supply by 31.34 million OP on July 31. Sui, a high-performance Layer-1 blockchain, will unlock tokens on August 1 for governance purposes. ZetaChain, a platform for blockchain interoperability, will release nearly 54 million ZETA tokens on the same day. Wormhole, facilitating communication between Solana and other networks, plans to unlock 600 million tokens on August 3. While some view token unlocks as bearish, a well-planned schedule can enhance a project's long-term sustainability and growth. Read more AI-generated news on: https://app.chaingpt.org/news

At a Bitcoin conference in Nashville on July 27, Donald Trump pledged to replace SEC Chair Gary Gensler with a pro-industry figure, signaling potential changes in the crypto landscape. While the US leads in tokenized dollars, investor protection remains crucial. Trump's nominee should prioritize goals like enabling Ethereum ETFs and addressing staking challenges. The SEC must adapt to blockchain's strengths in reporting and settlement, while enhancing KYC and custody regulations. Decentralized exchanges offer cost-effective trading solutions but lack regulation. The SEC should clarify token classifications, establish DEX registration processes, and collaborate with the CFTC. Embracing on-chain solutions for dollarization and tokenized assets can propel the US to the forefront of the digital economy. A forward-thinking SEC chair is essential for shaping a sustainable crypto policy for the future. Read more AI-generated news on: https://app.chaingpt.org/news

Blockchain investigator Wazz recently issued a public alert on July 28 regarding the potential risks associated with the largest $Neiro token on the Ethereum network, labeling it as a honeypot scam. While initial investigations have not yielded conclusive results, Wazz highlighted several concerning aspects of the project. The lack of developer contact information raises further suspicions. The Neiro meme token in question, identified by its Ethereum address '0x3ad4f189f08cdc60496eeBb3bd70B90dF28B7455,' has a market capitalization of around $31 million. However, the project has not been 'renounced,' indicating ongoing control by the owner. Additional red flags include external wallet connections and an unlocked liquidity pool, leaving funds vulnerable to potential exploitation. This serves as a cautionary tale within the cryptocurrency community, emphasizing the importance of due diligence and vigilance against fraudulent schemes. Read more AI-generated news on: https://app.chaingpt.org/news

Compound Finance, a decentralized lending and borrowing protocol, is currently facing a contentious community dispute regarding governance. The approval of proposal 289 on July 28 sparked allegations of a governance attack by a voting bloc known as the 'Golden Boys.' Despite warnings on the Compound governance forums, the proposal to invest 5% of COMP holdings into a goldCOMP Vault was ultimately canceled. The Golden Boys aimed to create a wrapped COMP token called 'GoldCOMP' for passive income, leading to concerns about control over funds. Subsequent proposals, including one to transfer the Timelock Admin, have been met with skepticism. The approval of proposal 289, requesting 499,000 COMP for the goldCOMP treasury, signifies a significant shift in governance dynamics. The community remains divided over the implications of these decisions, highlighting the challenges of decentralized governance in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Casper Network, known for its decentralized applications, faced a security breach leading to a temporary halt in operations. The team swiftly worked with validators to suspend the network, aiming to minimize the impact and prevent exploitation. Transactions were paused until the vulnerability was addressed, with joint efforts from Casper Association, Casper Labs, and validators to find a solution. The breach has been contained, and the team is investigating the root cause to prevent future incidents. This incident mirrors the broader trend of security issues in the crypto community, as seen with WazirX's recent hack. Unlike WazirX, Casper Network identified the breach's cause and is transparent about updates. The community awaits a post-mortem report and code updates on Casper's GitHub. This event highlights the importance of security measures in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Lufina, known for changing real estate investment with tokenization, introduces ClickCity, a new tap-to-earn game, to mark the launch of FINA token on exchanges. ClickCity merges gaming with real estate investment, allowing players to earn $FINA tokens by completing tasks and building digital structures. The more you play, the more you can earn, with a top prize of over $125,000 USD. This gamified approach not only makes investing in real estate enjoyable but also introduces a wider audience to tokenization benefits. Key Features of ClickCity: Token name: Lufina, Token symbol: FINA, Total supply: 500 Million FINA tokens drive the Lufina ecosystem, providing various advantages. The inaugural season of ClickCity starts today, welcoming players to a world of fun and rewards. Whether you're a seasoned gamer or new to blockchain, ClickCity offers an interactive and profitable experience. Join the ClickCity community at clickcity.lufina.com and be part of the revolution led by Lufina in blockchain technology for real estate. Read more AI-generated news on: https://app.chaingpt.org/news

In the rapidly evolving world of cryptocurrency, Stani Kulechov, the founder of DeFi protocol AAVE, learned a valuable lesson about prioritizing health over work. Despite working long hours for years, Kulechov recently underwent surgery after neglecting persistent pain. He discovered a gallstone issue that required immediate attention, emphasizing the need for founders and builders in the crypto space to prioritize their well-being. Kulechov's experience serves as a reminder that success is not solely dependent on productivity but also on maintaining good health. He warns against sacrificing health for work, highlighting the demanding nature of the crypto industry where work seems endless. Kulechov's story sheds light on the importance of achieving a balance between work and health to ensure long-term success in the crypto world. Read more AI-generated news on: https://app.chaingpt.org/news

Following the launch of Spot Bitcoin and Ethereum ETFs, speculation arose about BlackRock filing for other crypto ETFs like Solana and XRP. However, BlackRock's digital assets head, Robert Mitchnick, indicated little interest beyond Bitcoin and Ethereum, suggesting they will stick to their current offerings. Despite community speculation, BlackRock's CEO Larry Fink's lack of knowledge about XRP makes a Spot XRP ETF unlikely. On the other hand, fund issuers like VaEck and 21Shares are eyeing Solana, predicting its rise in the market. Brian Kelly even suggested a future Solana ETF due to its potential. While Ripple's CEO anticipates a Spot XRP ETF, obstacles like Ripple's supply control and the SEC's case may delay its launch. Ultimately, the focus remains on Bitcoin and Ethereum, with Solana emerging as a potential contender for a new ETF. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency market is witnessing fluctuations, impacting established players like Chainlink and Shiba Inu. Amidst this, Raboo, a new meme coin, is gaining attention with its unique features and innovative approach, attracting investors. This shift indicates a growing interest in high-growth assets over traditional options. Chainlink's trading volume has decreased, possibly due to market saturation and competition from newer projects. To recover, Chainlink needs new partnerships and technological advancements, especially with the introduction of Chainlink staking. Shiba Inu faces challenges with its Layer 2 solution and increased meme coin competition, while Raboo's AI-driven meme curation is gaining popularity. Raboo's successful presale and strong performance make it an appealing investment opportunity, offering potential high returns. As the market evolves, Raboo presents a promising option for investors seeking innovation and growth in the crypto landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Seeking thrills and real earnings? Join us for a glimpse into the top non-UK crypto casinos in 2024. Selecting the right platform can be daunting, but our team has meticulously researched to present you with the finest choices, considering factors like welcome bonuses, customer service, transaction speed, payment options, and game variety. Among the standout brands is Instant Casino, offering a vast gaming library, fast withdrawals, and a 10% weekly cashback for all players. Incognito Casino, on the other hand, provides a diverse range of slots and live games, along with a generous first deposit bonus. Palm Casino stands out with its unique raffle section and a wide array of bonuses. Seven Casino offers an exceptional VIP program and various payment methods, including cryptocurrencies. These casinos prioritize player safety, diverse gaming options, and attractive bonuses, ensuring a rewarding gambling experience. Read more AI-generated news on: https://app.chaingpt.org/news

The US Commodity Futures Trading Commission (CFTC) has successfully secured a significant penalty against deceptive crypto trader Abner Alejandro Tinoco and his firm Kikit & Mess Investments, LLC. This outcome concludes a lengthy legal battle spanning three years. In October 2021, the CFTC filed a civil enforcement action against Tinoco and his company, alleging solicitation and misappropriation of over $3.9 million from 61 clients. Tinoco portrayed Kikit as an investment entity managing portfolios through forex and crypto trading. However, investigations uncovered that the funds were diverted for Tinoco's personal use, including a private jet and real estate, while fake profits were presented to investors in a Ponzi-like scheme. Following legal action, a final ruling in July 2024 mandated Tinoco and Kikit to pay fines exceeding $31 million, including compensation to fraud victims and a civil penalty. Tinoco is currently serving an 84-month sentence for wire fraud and ordered to compensate victims. Read more AI-generated news on: https://app.chaingpt.org/news