Binance Launchpool launches the 56th project: Toncoin (TON)
Binance announced the launch of the 56th project Toncoin (TON), a decentralized and open L1 blockchain, on Binance Launchpool. The webpage is expected to be available 24 hours before the start of Launchpool. Users can stake BNB and FDUSD in different pools to obtain TON tokens for 20 days starting from 08:00 (UTC +8) on August 15, 2024. Binance also announced the launch of Binance Super Earn, where users can enjoy special APR in the simple yield lock product by locking TON immediately after the new coin is listed. Launchpool details: Total token supply: 5.11 billion TON, Launchpool rewards 7,650,000 TON. Supported pools include staking BNB (webpage available in about 24 hours), with rewards of 6,502,500 TON (85%); staking FDUSD (webpage available in about 24 hours), with rewards of 1,147,500 TON (15%). TON super yield will be notified separately, TON is locked for 20 days, and special APR is to be announced.
Grayscale launches new MKR-focused fund, Grayscale MakerDAO Trust
Asset management company Grayscale has launched a new fund focused on MakerDAO's governance token MKR, CoinDesk reported. The new closed-end fund, Grayscale MakerDAO Trust, will be open to qualified individuals and institutional accredited investors. Similar to the company's other single-asset trusts, the fund does not allow direct withdrawals, which may lead to deviations between the price of fund shares on the secondary market and the price of the underlying assets. Maker is one of the largest protocols in the DeFi space, managing more than $7 billion in cryptocurrencies and real-world assets and issuing a $5 billion stablecoin DAI. Recently, Grayscale also launched single-asset funds for Bittensor's TAO tokens and Layer-1 blockchain Sui (SUI), as well as a fund that invests in cryptocurrencies for decentralized AI projects.
Crypto Custody Firm Copper Partners with Hedera to Provide Custody and Staking Services for HBAR Tokens
According to The Block, London-based cryptocurrency custody company Copper has partnered with Hedera to expand institutional access to HBAR tokens. Copper will provide custody and staking services for HBAR tokens and provide institutional users with access to DeFi through its ClearLoop and Connect platforms. Copper is chaired by former British Chancellor of the Exchequer Philip Hammond and has more than 300 large institutions and crypto trading platform clients. This collaboration allows institutional investors to enter the Hedera ecosystem more easily and securely. HBAR tokens will be connected to Copper's ClearLoop settlement network and can be connected to DeFi protocols such as Aave through the Copper Connect application.
Banana Gun: 2% of the total supply of BANANA tokens has been destroyed, worth approximately $8.6 million
According to official news, the Telegram Bot project Banana Gun announced that it has destroyed 2% of the total supply of BANANA tokens, worth about $8.6 million. Coingecko data shows that the price of BANANA is now $41.65, with a 24-hour increase of 15.1%.
Bloomberg analyst: The amount of BTC held by US Bitcoin ETFs is expected to exceed Satoshi Nakamoto in October
According to Decrypt, after months of accumulation, the amount of BTC held by U.S. Bitcoin ETFs will soon exceed that of its mysterious anonymous founder, Satoshi Nakamoto. A chart published on the X platform by Bloomberg ETF analyst Eric Balchunas on Monday shows that the 10 spot Bitcoin funds currently traded on U.S. stock exchanges hold a total of nearly 1 million BTC. Although the numbers in the chart are slightly deviated from the current total (for example, as investors cashed out this week and last week, Grayscale's Bitcoin ETF's digital currency has been losing), it is estimated that it will not be long before the total amount of these funds exceeds the Bitcoin data held by Satoshi Nakamoto. Balchunas estimates that based on the current accumulation rate, the total size of Bitcoin ETFs will exceed Satoshi Nakamoto's 1.1 million Bitcoins in October, and BlackRock's funds will be alone at the top of the holder list by the end of 2025. However, it is worth noting that this is just a theory, and some analysts have come out to refute this argument. But if this is true, then at today's price, Satoshi Nakamoto now holds about $67 billion worth of cryptocurrency.
Sonic Labs Appoints Andre Cronje as Chief Technology Officer
According to official news, Sonic Labs (formerly Fantom) announced the appointment of Andre Cronje as Chief Technology Officer, who will replace the outgoing Chief Technology Officer Quan Nguyen. Andre will continue to lead the design and development of the new Sonic network, especially the new native bridge technology "Sonic Gateway", which will make it safer and more convenient to transfer assets from other chains (such as from Ethereum to Sonic).
Head of Base Protocol: A huge Bitcoin economy will be built on Base
Jesse Pollak, head of the Base protocol, posted on the X platform: “Say it out loud: I love Bitcoin and am very grateful for its pioneering role in the field of cryptocurrency. We will build a huge Bitcoin economy on Base.” In addition, the crypto exchange Coinbase posted “cbBTC” and may launch related products with this name.
Solv Protocol lists BTC and BTCB as the first SolvBTC reserve assets
Solv Protocol announced that BTC and BTCB will be listed as the first SolvBTC reserve assets. SolvBTC is a decentralized Bitcoin reserve system, each SolvBTC is backed by a 1:1 Bitcoin asset, and transparency and security are guaranteed through the Liquidity Consensus Network (LCN). Solv Protocol also plans to expand the reserve pool to include WBTC, BTC.b, M-BTC, FBTC, and decentralized options such as tBTC and dlcBTC, pending consensus and SOLV governance approval. BTCB is a BEP20 asset managed by Binance and maintains a 1:1 anchor with BTC.
Essential Completes $11 Million Series A Funding Led by Archetype and Launches Essential Devnet
Essential, an "intention-based" blockchain infrastructure, announced the completion of a $11 million Series A financing round, led by Archetype, with participation from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM and PropellerHeads, as well as founders and angel investors from Celestia, Hashflow, Enso, Barter, LI.FI, Astaria, GlueX, Bebop, Sorella and other companies. Essential launched the intent-driven blockchain infrastructure and Essential Devnet (development network), aiming to make blockchain technology more intuitive and easy to use through declarative architecture. The newly developed Pint language provides constraints for programmable intents to optimize the user and developer experience. Essential plans to promote the next paradigm shift in blockchain by reducing on-chain computing and improving scalability.
Suspected BitGo address transfers nearly $2 billion in Mt. Gox bitcoins
According to Arkham, BitGo has just transferred nearly $2 billion worth of Mt. Gox bitcoins. Arkham data shows that at 22:40 Beijing time, 33,105 BTC were transferred from the address beginning with "bc1q26" to the address beginning with "bc1qpn", with a value of about $1.97 billion. The address beginning with "bc1q26" is suspected to be a BitGo address.
Tether Treasury mints 1 billion USDT on Ethereum network
WhaleAlert monitoring shows that at 20:09 Beijing time, Tether Treasury minted 1 billion USDT (Ethereum network). In response, Tether CEO Paolo Ardoino said that 1 billion USDT has been authorized but not issued. This means that the amount will be used as inventory for the next issuance request and chain exchange. According to Lookonchain statistics, Tether Treasury has minted a total of 32 billion USDT in the past year.
Polymarket predicts Harris's chances of winning the popular vote have risen to 77%
The probability of Kamala Harris winning the 2024 US presidential election "popular vote winner 2024" on the prediction market Polymarket has risen to 77%, while Trump's probability of winning the 2024 US presidential election "popular vote winner" has dropped to 21%. It is reported that the "popular vote" usually refers to the total number or result of votes cast by all voters.
The US government address received a transfer of 0.17666 BTC in the early morning
According to Arkham data, six hours ago, the US government address received a transfer of 0.17666 BTC from an unmarked address starting with bc1qnf, worth approximately $10,700.
Data: On August 13, Grayscale GBTC had a net outflow of US$28.6 million and ETHE had a net outflow of US$31 million
According to Farside Investors, on August 13, Grayscale GBTC had a net outflow of $28.6 million, Bitwise BITB had a net inflow of $16.5 million, and Ark ARKB had a net outflow of $6.1 million. At the same time, Grayscale ETHE had a net outflow of $31 million, and Bitwise ETHW, Franklin EZET, and Grayscale ETH had no inflow or outflow.
Goldman Sachs Now Holds $418 Million Worth of Bitcoin Spot ETF
Bitcoin News tweeted that Goldman Sachs' latest 13F filing showed that the company holds a total of $418 million worth of Bitcoin spot ETFs, including $238.6 million in BlackRock iShares Bitcoin Trust, $79.5 million in Fidelity Bitcoin ETF, $35.1 million in Grayscale Bitcoin Trust, $56.1 million in Invesco Galaxy Bitcoin ETF, $8.3 million in Bitwise Bitcoin ETF, $749,469 in WisdomTree Bitcoin ETF, and $299,900 in ARK 21Shares Bitcoin ETF.
DRW Venture Capital holds nearly $200 million worth of cryptocurrency ETFs, of which Grayscale ETHE accounts for more than $150 million
According to The Block, according to the latest 13F form filed with the U.S. Securities and Exchange Commission (SEC), DRW Venture Capital, the venture capital arm of Chicago-based high-frequency trading company DRW Holdings, disclosed that it currently holds more than $195 million worth of spot Bitcoin and Ethereum ETFs, of which more than $150 million is invested in Grayscale Ethereum Trust ETHE. DRW's entry into the Ethereum ETF market may signal a growing institutional interest in Ethereum. It is reported that DRW's Ethereum ETF holdings are more than three times the size of Bitcoin ETFs. In fact, Grayscale ETHE is DRW's third largest holding, second only to funds tracking the S&P 500 index fund and gold trust funds. In addition, the company's investment in Bitcoin ETFs is relatively scattered, holding Bitcoin ETFs issued by Ark and 21Shares, Bitwise, BlackRock, Fidelity and Proshares. It is reported that DRW has been involved in the crypto industry since 2018. Its subsidiary Cumberland has been selected as a liquidity provider for many Bitcoin ETFs. Cumberland also recently obtained the virtual currency license BitLicense granted by the New York State Department of Financial Services (NYDFS).
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