60,000 ETH deposited into Binance is L2 funds transferred back to L1, for cross-chain asset management

Coin Point News reported that 8 hours ago, a wallet deposited 60,000 ETH (about 150.33 million US dollars) into Binance. According to @ai_9684xtpa's analysis, this large transfer is funds transferred from Arbitrum to the ETH mainnet across the chain, and recharged back to the Binance hot wallet. Binance is only transferring cross-chain assets, which is part of its fund management process. $ETH

1 billion XRP unlocked from unknown wallet custody, worth about $560 million

CoinPoint News reported that according to Whale Alert monitoring, at 10:50 am Beijing time today, 1 billion XRP was unlocked from unknown wallet custody in three transactions, worth more than $560 million. @XRP #XRP

Trump: Looking forward to debating with Harris, will expose her fraudulent nature

CoinPoint News reported that Trump posted on the X platform, "I am very much looking forward to debating with Kamala Harris and exposing her fraudulent nature. Harris has changed in every position she has long supported. The United States will never allow a Marxist who weaponizes elections to become the president of the United States."

Immunefi: Cryptocurrency hackers stole more than $1.2 billion in 2024, and the amount stolen in August fell 94% from July

According to a report by CoinPoint, following the latest hack in August, cryptocurrency hackers have now stolen more than $1.2 billion, further raising concerns about the widespread adoption of cryptocurrencies. So far in 2024, there have been 154 hacking and thefts in the crypto industry, resulting in a loss of $1.21 billion worth of digital assets. According to a report from Immunefi, this figure increased by 15.5% compared to the same period in 2023, when the total loss was slightly more than $1 billion. Mitchell Amador, founder and CEO of Immunefi, said this worrying development could cause hackers to steal more than this level in 2023. "It's difficult to make predictions, but the ecosystem is always at risk of a serious and successful attack, which could significantly increase these numbers. We must always be vigilant to mitigate such risks."
It is understood that in August, hackers stole more than $15 million worth of cryptocurrency, a 94% decrease from the $274 million stolen in July.

Viewpoint: Brazil's fight with X platform may determine other countries' censorship attitude towards the platform

Coin Point News reported that in response to the "Brazilian Supreme Court's suspension of X platform", technology lawyer Preston Byrne believes that if Brazil "succeeds" in its battle with X, other countries may follow its example. "If Brazil succeeds in defeating X, the EU, the UK, Australia, and Canada will ban X next. On the contrary, if X defeats Brazil, censorship around the world will prove useless to Americans and decline rapidly," Byrne added. (Cointelegraph)

Prediction of the Bitcoin market trend in September

1. First of all, events in September: The U.S. House of Representatives plans to hold multiple cryptocurrency hearings in September. The first hearing on September 10 will be a subcommittee review of DeFi. On September 18, there will be a hearing on the enforcement practices of the U.S. Securities and Exchange Commission and the "pig killing" scam, as well as a meeting on interest rate cuts on the 18th. The full committee hearing on September 23 may have the greatest impact on cryptocurrencies. Zhao Changpeng is expected to be released on September 29.

2. The lack of liquidity may continue until September, and it is also the last wash-out rise. September will continue to rise and fall sharply to clear most of the leverage. The continued panic is the best time to grind the bottom and absorb funds.

3. The main wave is expected to start between October and November. Seizing this unilateral rise is the easiest market to make money. The big market that started in October last year accurately rose from 26,700 to 49,000 when the ETF was launched, and then from 48,000 back to 38,600 and rose to 73,000 in March. I hope that this will also be achieved in the fourth quarter of this year. Especially the catalyst of the US election on November 8, it is expected that there will be a wave of good news released before and after the election.

Summary: There is a saying in the currency circle that there is a "September curse". The market tends to fall in September every year. Historical data shows that in the past 11 years, Bitcoin has fallen 8 times in September, with a probability of up to 72%. This time, the market in September is expected to fluctuate #美联储何时降息？ #大牛初期不太平 #大饼走趋

$FLOKI UPDATE: $CAT Airdrop Snapshot Completed to $FLOKI Holders

We would like to announce that the snapshot of the $CAT airdrop to $FLOKI holders has been completed.

As mentioned in the previous announcement, the snapshot for FLOKI holders on Binance was taken on August 29, 2024 at 23:59:59 UTC, and the final snapshot for on-chain holders was taken at the same time.

We are actively coordinating with the Binance team to confirm the timing of the CAT airdrop allocation, as the on-chain airdrop will take place at the same time. Allocation is expected to take place within 2 weeks, but the final timing of the allocation will be determined by (and aligned with) Binance.

Eligibility

To confirm if your wallet is eligible for the airdrop, use the official Floki Airdrop Eligibility Checker:

airdrop.floki.com

Note: You do not need to connect your wallet to this site (or any site!) to check your eligibility or receive an airdrop. You can simply paste your wallet address to see if it qualifies. The tokens will be airdropped directly to your wallet address at the time of distribution, and you do not need to pay any fees. You do not need to connect your wallet anywhere to claim the airdrop. The Floki Airdrop Eligibility Checker is only available for on-chain Floki holders: Binance will airdrop directly to Binance exchange users into their Binance wallets. We will make an official announcement once this is done.

The terms and conditions we announced before the snapshot remain the same.

We released the Floki Airdrop Eligibility Checker before the airdrop so that users can check if they are eligible for the airdrop. If you have any complaints about airdrop eligibility, please forward them to hi@floki.com before the airdrop is distributed. Disputes reported after the airdrop will not be processed.

We will never send you private keys or ask for your private keys or wallet seed phrase first. #FLOKI🔥

【Medvedev: Telegram CEO fled Russia and thought he would never have to cooperate with security services abroad, which was a misjudgment】

Former Russian President Dmitry Medvedev said it was a misjudgment for Telegram CEO Pavel Durov to flee Russia and think he would never have to cooperate with security services abroad. Medvedev, who often uses Telegram to criticize the West, said Durov wanted to be an "excellent 'world citizen' and live a good life without a motherland." "He miscalculated," Medvedev said. "To all our common enemies, he is Russian - and therefore unpredictable and dangerous." The Russian Foreign Ministry said it had sent a note to Paris requesting a meeting with Durov, even though he already has French citizenship.

🎾🎾🎾🎾🎾🎾🎾🎾

Hundreds of wallets marked as "PlusToken" are transferring ETH
According to Lookonchain monitoring, hundreds of wallets that have been dormant for 3.3 years are transferring a large amount of ETH, possibly 789,533 ETH ($2 billion). Through on-chain tracking, these funds come from the "Plus Token Ponzi 2" wallet.

Plus Token Ponzi 2 dispersed 789,533 ETH to thousands of wallets in 2020 and has not moved since April 2021. About 3 hours ago, these wallets began to transfer ETH.

Chinese police seized ETH during their crackdown on the Ponzi scheme PlusToken, when they seized 194,775 BTC ($11.2 billion), 833,083 ETH ($2.11 billion), 487 million XRP ($252 million), 79,581 BCH ($25.8 million), 1.4 million LTC ($82.3 million), 27.6 million EOS ($12.7 million), 74,167 DASH ($1.7 million), 6 billion DOGE ($609 million), and 213,724 USDT.

Futu Securities plans to give Bitcoin and stock rewards to specific users

Coin Point News reported that Steve Zeng, managing director of Futu Group, said on Friday: "On the first day of our cryptocurrency trading service, the market response was relatively positive." Futu said that the company is the first online broker in Hong Kong to provide zero-commission cryptocurrency trading. In addition, in order to attract users, Futu also plans to give Bitcoin and Alibaba and Nvidia stocks to specific users who open an account and hold assets for a certain period of time.
In addition, Futu is applying for the SFC's virtual asset trading platform license through its wholly-owned subsidiary PantherTrade. According to the SFC's website, PantherTrade has been included in the list of applicants "deemed to have been licensed."

Trump campaign raised $138.7 million in July

On August 2, Trump's campaign announced that it raised $138.7 million in July, a figure lower than the $200 million raised by Vice President Harris in her first week of campaign. Trump's team pointed out that as of August, their cash reserves were $327 million, which put them under certain financial pressure considering that there are only three months left before the election.
Harris' campaign has not yet announced the specific fundraising total for July, but said that since she took over Biden's campaign team, she has raised a record $200 million in just 7 days, two-thirds of which came from first-time donors. This situation shows that Harris' campaign is triggering a new wave of donations and volunteer participation, enhancing her competitiveness in the upcoming election.

Ethereum privacy protocol DOP mainnet will be launched on Polygon on August 5

CoinPoint News reported that Ethereum privacy protocol Data Ownership Protocol (DOP) published a post on X stating that its mainnet will be launched on Polygon on August 5, and the NFT Encryptions function will also be launched.

Animoca Ventures' proposal to establish ApeCoin Ventures in the ApeCoin DAO community has been voted through

According to the Snapshot governance page, Animoca Ventures, the early venture capital arm of Animoca Brands, has voted through the proposal to establish ApeCoin Ventures in the ApeCoin DAO community. The voting results show that the approval rate is 84.27%, which means that ApeCoin DAO will invest $500 worth of APE tokens, and Animoca Ventures will provide $5 million worth of fiat currency for a 1:1 ratio to jointly establish an investment fund with a total size of $10 million. The fund will focus on investing in early Web3 projects in the seed and A round stages, giving priority to projects that can integrate APE tokens into their ecosystems.

The open interest of BTC contracts across the network has dropped to $35.152 billion

According to Coinglass data, the open interest of BTC futures contracts across the network is 545,200 BTC, equivalent to $35.152 billion, with a 24-hour drop of 2.07%. Among them, the open interest of CME BTC contracts is 143,300 BTC (approximately $9.218 billion), ranking first, with a 24-hour drop of 4.32%; the open interest of Binance BTC contracts is 124,600 BTC (approximately $8.03 billion), ranking second.

Beijing: Encourage the use of digital RMB in deposit custody and rent supervision

Coin Point News reported that the "Interim Measures for the Custody of Housing Rental Deposits and Rent Supervision in Beijing" was issued. The measures point out that the custody, supervision and management of deposits and rents collected from tenants by housing rental companies that rent other people's houses and engage in subletting business within the city are subject to these measures. The city encourages the use of digital RMB in deposit custody and rent supervision.

Covalent will launch an ecosystem airdrop on August 1, distributing a total of $100,000 worth of TAIKO tokens to CXT stakers

On August 1, according to official news, AI's modular data infrastructure Covalent announced TAIKO as the first cooperative project for its ecological airdrop plan. The airdrop will be carried out on Thursday, August 1, 2024, distributing a total of $100,000 worth of TAIKO tokens to CXT stakers, which will be automatically airdropped to eligible pledge wallet addresses.
It is reported that the ecological airdrop plan aims to reward loyal CXT token holders, enabling them to obtain various incentives from the Covalent ecosystem partner network. As an infrastructure that integrates more than 230 blockchains, Covalent plans to continue to provide more opportunities and rewards to its community. By working with long-term partners such as TAIKO, Covalent aims to enhance market dynamics and deepen community participation. The program is mainly aimed at long-term supporters who have experienced multiple technological changes, such as the pledge migration from Moonbeam to Ethereum and the token migration from CQT to CXT.

Johnber Kim detained and prosecuted for allegedly manipulating a "scam coin" with a market value of $58.6 million

On August 1, the Virtual Asset Crime Joint Investigation Team of the Seoul Southern District Prosecutors' Office announced on the 1st that Mr. Park (Johnber Kim) was arrested and charged with fraud and violation of legal provisions, and Mr. A (38 years old), a business partner who helped Mr. Park commit crimes, was prosecuted and not detained. The prosecution said that Mr. Park and others issued and listed the fraud token "Grape" from February 2021 to April of the following year, artificially raised the price of the token, and then sold it all, suspected of embezzling 80.9 billion won (about 58.6 million US dollars). The actual profit they made is estimated to be 21.6 billion won (about 15.81 million US dollars).

Grayscale's holdings at the end of July were updated: GBTC dropped to about 241,000 BTC, and ETHE held about 2.07 million ETH

Coin Point News reported that Grayscale officially updated the Bitcoin and Ethereum fund data as of July 31, as follows:
1. Grayscale's spot Bitcoin ETF GBTC holdings are 241,285.2003 BTC, and the asset management scale (non-GAAP) has dropped to US$15,741,057,997.62, with 302,290,100 shares outstanding;
2. Grayscale Bitcoin Mini Trust BTC holdings are 26,935.7271 BTC, the asset management scale (non-GAAP) is US$1,757,243,472.2, and the number of shares outstanding is 303,690,100 shares;
3. Grayscale's spot Ethereum ETF ETHE's holdings decreased to 2,070,848.9481 ETH, and its AUM (non-GAAP) dropped to $6,760,824,811.74, with 244,418,500 shares outstanding;
4. Grayscale Ethereum Mini Trust ETH holds 347,896.5019 ETH, with AUM (non-GAAP) of $1,135,798,583.67, and 369,198,500 shares outstanding.

CICC: The Fed’s September rate cut should be a high probability event

Coin Point New Information reported that CICC’s research report stated that the overall tone of this Fed meeting was dovish, and several adjustments in wording hinted at the approach of a September rate cut. However, we also emphasized that being able to cut interest rates does not mean that they will be cut many times, which is also the "speciality" of this round of interest rate cuts determined by this round of the US economic cycle. It is precisely because of the above special features that compared with previous interest rate cuts, which have similar impact paths, the difference this time is mainly reflected in the rhythm, which may be faster and more advanced. Failure to understand this may lead to "doing the opposite" in trading. Judging from the statement of this meeting and Powell’s speech at the press conference after the meeting, the Fed gave further hints about the September rate cut, emphasizing that inflationary pressure has eased, and emphasizing the balance of employment and inflation risks, rather than just inflation risks, all of which imply that if nothing unexpected happens (inflation continues to fall before the September rate cut), a September rate cut should be a high probability event.