IMF Supports El Salvador’s Bitcoin Risk Mitigation Policies 🚨
- The IMF is focusing on Bitcoin risk mitigation policies to support El Salvador’s medium-term growth. - Progress has been made on plans to strengthen public finances, increase bank reserves, and improve transparency. - It was emphasized that Bitcoin should be governed as a legal tender and transparency should be increased.
- Nexera has identified a vulnerability on the X platform and has taken swift action to prevent further damage. - They are investigating the source of the vulnerability in collaboration with Hypernative Labs and have begun negotiations with authorities. - KuCoin and MEXC have suspended deposits and withdrawals. - Trading on DEX has also been suspended. - Bridging operations on Nexera Bridge have been suspended. 🚫💸
Nexera lost $1.8 million in this incident. Token contracts are currently suspended. 🔍
Copper Technologies, a London-based cryptocurrency custody firm, is considering a return to the US market if Trump wins. Copper, which opened an office in New York in 2021, withdrew from the US as digital asset prices fell. “I would be surprised to hear of a digital asset company that doesn’t see the US as a growth opportunity,” said founder Dmitry Tokarev. 📉🇺🇸
In Hong Kong, virtual asset ETFs reached a trading volume of HKD 54 million today. The largest share was taken by Huaxia Bitcoin ETF with HKD 46 million. Ethereum ETFs remained at lower volumes. This movement in the market shows that investors are cautious. 📉💼#Crypto#MarketAnalysis
According to Matrixport data, Bitcoin is oversold, with the RSI (Relative Strength Index) reaching 30 📉. Historically, these low RSI levels usually indicate that the Bitcoin price will bottom and recover. However, this does not mean that prices will not fall further. Matrixport noted that the last few times the RSI was this low, it presented buying opportunities over the course of a few days. 📊
CoinDCX, a major crypto exchange in India, has set up a $6M investor protection fund after the $230M WazirX hack. 💰 Founder Sumit Gupta said the fund aims to compensate for user losses and that other exchanges should take similar steps. Such measures are essential for the healthy development of the crypto ecosystem! 🚀🔒
- According to Beosin Alert, abnormal asset extractions were detected on Ronin Bridge. - The issue is caused by incorrect configuration of operator weights required for cross-chain transactions. - Result: 3,996 ETH missing! 😱 - Beosin is working to resolve the issue in collaboration with the Ronin Bridge team.
- Security firm SlowMist announced that Ronin Bridge was hacked due to an unexpected change in the weight value. - $9.33 million in funds were withdrawn without a multi-signature check. - Ronin COO stated that white hat hackers were investigating the potential MEV vulnerability and that the bridge was temporarily suspended.
America provides liquidity to crypto market! 🇺🇸💸 Coinbase saw strong buying. Bitcoin returned to $56,000, Ethereum to $2,500$ . Japanese stock market up 9% 📈. However, VIX index is still high. Market may remain volatile without clarification of Fed and Bank of Japan policies. Is now the time to accumulate Bitcoin and Ethereum? 🤔
Ethena’s USDe stablecoin has pulled back close to $1 billion since Monday! 😬
- Market fluctuations have worried users. - Although USDe is trying to maintain its link to the dollar, its price has fallen to $0.997. - Ethena founder Guy Young said the $50 million pullback was smooth.
USDe’s supply has exceeded 31 billion tokens, but these fluctuations are worrying investors. 📉
- Economic uncertainties in Japan and the US, combined with Berkshire Hathaway's 50% reduction in Apple shares, shook global markets. - BTC fell below the 50,000 $ level, altcoins such as ETH and SOL lost more than 30%. - FTX Token (FTT) rose by 4.6%, while Popcat (POPCAT) fell by 27.8%. - According to Coinglass data, $1.2 billion worth of positions were liquidated in 24 hours. 💥
Crypto world continues to fluctuate, be careful! 🚨
- Jump Trading has moved $4.4 billion worth of USDC to Coinbase since July. - These massive sales played a major role in ETH’s decline. - Projects like Solana, which Jump Crypto provides liquidity to, could also be affected. - CFTC’s investigation into Jump Crypto is adding to the uncertainty in the market.
The number of transactions on the Ethereum network has fallen to its lowest level in five months, with an average of 1.12 million transactions per day and 400,000 active wallet addresses. However, transaction activity has increased with Layer 2 solutions. Coinbase’s Layer 2 platform Base led the way with 3.83 million transactions. This raises questions about ETH’s long-term value proposition. 🌐📉
- On August 5, Ethereum suddenly dropped to $2,111. BTC also briefly fell below $50,000. - In 24 hours, $3.2 billion was liquidated on DeFi lending platforms. - Justin Sun denied claims that he lost $2.8 billion. - Jump Trading is moving a large amount of ETH to exchanges.
Justin Sun Withdraws 14,884 ETH from Binance! 💸 Valued at $35.97 million. He has purchased a total of 392,474 ETH since February, costing $1.19 billion, and currently worth $995 million. 📉 He also deposited $49 million USDT into HTX in the past 3 days, probably to buy more ETH. Markets are tense, be careful! 🚨
- Trump said in a recent interview that the US government shouldn't sell cryptocurrencies. - He called crypto a "very modern currency" and likened it to artificial intelligence. - The US government moved $2 billion worth of Bitcoin to an unknown wallet last week. - The government still has $11.1 billion worth of cryptocurrencies. 😬 #CryptoCurrency#Bitcoin #Trump
Anoma Foundation, a blockchain infrastructure company, is in talks for a new round of funding at a $1 billion valuation. 🚀 The company operates multi-chain privacy-focused Namada and privacy-preserving protocol Anoma. Namada’s innovative mechanisms include the multi-asset custody pool (MASP) and cubic proof-of-stake (CPoS). However, investors should exercise caution given market conditions. 📉
MetaDAO is revolutionizing the Solana ecosystem! 🌐
- MetaDAO raised $2.2 million in funding led by Paradigm. - META token increased by 155.60% in one month, reaching $946.45. - Paradigm became the largest single owner with 3035 META tokens. - MetaDAO's market cap is $19.77 million, its 24-hour trading volume is $1.27 million.
However, is this growth sustainable? 🤔
Technological developments and market fluctuations will shape the future of MetaDAO. 🚀