Okay, I tried to reduce it while retaining the key information. Here's what I tried:
Bitcoin, the first global cryptocurrency, is not only a form of currency but the cornerstone of the digital currency ecosystem.
This concept, defined by Satoshi Nakamoto (pseudonym) in 2008, uses a pure peer-to-peer electronic cash system without the involvement of financial institutions, allowing one party to directly send value to another party online.
It creates a way to store and transfer value without the involvement of a third party.
According to The Block, #Binance Binance Labs, the exchange’s venture capital arm, has invested $10 million in the cross-chain lending protocol Radiant Capital.
The funding will be used to further develop the product, including enhanced oracle support, expanded collateral options, deployment on the Ethereum mainnet, and full LayerZero messaging support.
Radiant is a protocol built on LayerZero, #LayerZero a technology that allows multiple blockchains to communicate with each other. LayerZero Labs, the development company of LayerZero, is also one of Binance Labs’ investment projects.
According to Bloomberg, the latest court documents show that Caroline Ellison, the former co-chief executive of Alameda Research, estimated that FTX.com had a cash deficit of more than $10 billion in about eight months before #FTX collapsed.
The documents also revealed that FTX executives and Ellison privately estimated last August that FTX.com owed customers more than $8 billion in fiat currency and was unable to repay this debt.
At present, Caroline Ellison has admitted to participating in the fraud and is actively cooperating with the prosecutor's investigation.
Pang Tong Exclusive: 20230719, a scam in Haiyi Community, Guicheng Street: The victim met a person through the "National Karaoke" App and was deceived into investing in virtual currencies on the foreign virtual currency trading platform "Pexpay". The other party sent a fake link through WeChat to guide the withdrawal operation, and used various excuses to defraud the victim into transferring money 46 times, totaling 3.08 million yuan. Remind everyone to pay attention to strangers’ investment suggestions and links, ensure the legality and safety of the trading platform, and guard against scams
Axelar launches new inter-chain token service: making ERC-20 token exchange more free
Blockchain project #Axelar recently launched a new service called "Interchain Token Service" (ITS). The main goal of this service is to make it easier for all ERC-20 tokens on Ethereum-compatible chains to communicate and use each other.
Ethereum is a blockchain technology, and ERC-20 tokens are like digital currencies issued on Ethereum. Axelar’s new service makes it easier to use all of these currencies in different places.
Decentralized exchange SushiSwap is one of the first institutions to use this service. It's like a market, but there is no central manager and all transactions are completed automatically.
So, to put it simply, Axelar’s new service is to make it easier to exchange and use special currencies on Ethereum.
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Over US$300 million investment! Revealing the secrets of stUSDT: TRON’s new ecological star, with an annualized rate of return of up to 4.23%
In the world of blockchain, there is a new product called stUSDT. It is like a "digital bank" where you deposit your digital currency USDT and earn about 4.23% interest after one year. Now, more than $300 million in USDT has been deposited into this "digital bank".
#stUSDT is a new product in the #TRON (TRON) ecosystem. It was launched on July 3 and is run by a platform called JustLend. This platform is not controlled by a central organization like traditional banks, but is decentralized, which makes it fairer and gives everyone the opportunity to participate.
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The number of active addresses on the Sui network has exceeded one million, and the mainnet has been online for less than 70 days, showing explosive power."
Recently, $SUI officially announced an exciting news on Twitter: in less than 70 days since the mainnet was launched, the number of active addresses on the Sui network has exceeded 1 million, and the total number of accounts has reached 156 Ten thousand.
Such data is very rare in blockchain projects, especially when it reaches such a scale within just a few months after the mainnet goes online. This fully demonstrates Sui Network’s strong user base and broad market acceptance, and is full of optimistic expectations for the future development of Sui Network.
Tokeninsight report: Binance still leads the way, with a market share of 50.6% in Q2 2023
According to the 2023 Q2 quarter cryptocurrency exchange report released by Tokeninsight, Binance’s market share is 50.6%, which remains stable compared with the same period last year and remains the first in the market.
The report further details that in the Q2 quarter of 2023, Binance’s total trading volume reached $4.3 trillion. In the spot market, Binance’s average share is 55.33%. In terms of derivatives trading, Binance’s share is 54%, and its open interest market share reaches 35.69%. These data all highlight Binance’s dominant position in the crypto market, firmly ranking first in the industry.
Binance has demonstrated a strong market position across multiple key data metrics, a trend that deserves continued attention for investors and industry observers.
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Founder of DeFiance Capital: Confirmed that the#BearMarketof 2022-2023 is officially over. Here are six reasons:
The most severe stage of macroeconomic tightening has passed, CPI has declined, real interest rates are positive, and interest rates may be cut next year.
Institutional acceptance of cryptocurrencies as an asset class began with BlackRock filing for a Bitcoin ETF.
If the SEC is unable to crack down on tokens that are considered security tokens, the likelihood that all tokens will be labeled as security tokens will be greatly reduced.
Most retail investors have exited and holders may not sell in the short term.
The market's allocation to non-BTC and ETH is seriously insufficient, and efforts need to be stepped up.
Hong Kong welcomes cryptocurrencies, opening the door for Asian financial institutions to legally enter the cryptocurrency market.
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Learn about Binance launchpad’s latest project ArkhamIntel in one article
Binance hot spot maker, Pang Tong also chased hot spots, but it doesn’t count as chasing. When @ArkhamIntel came to find me, Binance didn’t know where it was. Today Pang Tong is here to talk about Binance’s latest launchpad project ArkhamIntel. Click the link below to register. Can you know what Pang Tong wants to talk about#Binance#binance#Web3#BNB #Crypto
1. What is Arkham? What do you want to do? Arkham is a blockchain data platform that provides features such as entity analysis, token pages, and visualization tools. It works with multiple blockchain partners including @BNBChain, @Polygon, @Avalanche, @Tron and @Optimism.#Binance#binance#Web3#BNB #Crypto
According to the latest data from L2BEAT, the total value locked (TVL) of the#zkSyncEra is currently $642 million, down 11.11% from seven days ago. During the same period, the total locked value of Polygon zkEVM showed a different trend, reaching $48.76 million, an increase of 20.76%.
Behind this wave of data, we can see that the market dynamics of zkSync Era and Polygon zkEVM are completely different. The former has experienced a small decline in value, while the latter has experienced significant growth. This not only reflects the diversity of the blockchain market, but also reveals the investor mentality and market expectations of different projects.
Next week, we'll continue to follow the development of both programs to see if they can reverse or maintain this trend. Stay tuned for more analysis and news, only on PangTong Blockchain.
According to the latest data from L2BEAT, the total value locked (TVL) of the#zkSyncEra is currently $642 million, down 11.11% from seven days ago. During the same period, the total locked value of#PolygonzkEVM followed a different trend, reaching $48.76 million, an increase of 20.76%.
Behind this wave of data, we can see that the market dynamics of zkSync Era and Polygon zkEVM are completely different. The former has experienced a small decline in value, while the latter has experienced significant growth. This not only reflects the diversity of the blockchain market, but also reveals the investor mentality and market expectations of different projects.
Next week, we will continue to pay attention to the development of TVL and other data on the new second layer of these two new public chains to see if they can reverse or maintain this trend. Stay tuned for more analysis and news, only on PangTong Blockchain.
According to the latest data from L2BEAT, the total value locked (TVL) of the#zkSyncEra is currently $642 million, down 11.11% from seven days ago. During the same period, the total locked value of#PolygonzkEVM followed a different trend, reaching $48.76 million, an increase of 20.76%.
Behind this wave of data, we can see that the market dynamics of zkSync Era and Polygon zkEVM are completely different. The former has experienced a small decline in value, while the latter has experienced significant growth. This not only reflects the diversity of the blockchain market, but also reveals the investor mentality and market expectations of different projects.
Next week, we'll continue to follow the development of both programs to see if they can reverse or maintain this trend. Stay tuned for more analysis and news, only on PangTong Blockchain.
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