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The
#Nasdaq
officially posts its worst day since December 2022, falling nearly 3%.
The
#S&P500
erased ~$650 billion of market cap today.
#Fin_Watch
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Very useful info about #Tokenomic !!!
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Tron, Tether and TRM Labs Start Financial Crime Fighting Force! A 2023 report from TRM Labs showed that the #Tron blockchain was home to nearly 45% of all illicit crypto volume. Now, the blockchain founded by Justin Sun is working with TRM Labs and USDT issuer Tether in a task force created to fight financial crime. “TRON originated with the belief that technology can be used for good and to empower people across the globe,” Sun said in a release. “By collaborating with #TRM Labs and Tether, TRON is helping to ensure that blockchain technology is used to make our world a better place, and sends a clear message that illicit activity is not welcome in our industry.” $ETH $SOL $BTC The task force, the T3 Financial Crime Unit (T3 FCU), will combat illicit activity involving $USDT , the largest stablecoin, on Tron. Data from Tether shows there’s $60.7 billion of USDT issued on Tron, $53.9 billion on the #Ethereum blockchain and $712 million on #Solana .
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⛏️ Bitcoin hashprice hits record low. 🩸 PlusToken linked wallets move lots of Ethereum $ETH. 🚀 Gitcoin launches Gitcoin Grants 21. 🪂 Aigisos $AIG Genesis Rolldrop is live. Read time: ⏰ 6 minutes Crypto News • ⭐️ $DJT, alleged Trump involved memecoin, crashes ~90% after whale sells $2M worth. • ⭐️ Bitcoin $BTC hashprice hits record low amid intense competition & recent market sell-off. • ⭐️ PlusToken linked wallets move large amounts of Ethereum $ETH. • US SEC requests court to deny Coinbase's subpoena request for documents. • Binance challenges $86M tax showcause notice from India. • MonkeDAO launches internal probe over allegations of validator earnings misappropriation. • Grayscale launches investment trusts for Sui $SUI & Bittensor $TAO. • Starknet Foundation CEO Diego Oliva steps down; James Strudwick to take over. Alpha • Linea Culture SZN by Earndrop. • ⭐️ Gitcoin launches GG21 with Celo Public Goods & ThankArbitrum Ecosystem Rounds. • Puffer launches $pufETH deposits on Mind with 1.5x boost on Puffer Points & 2x Mind XP. • #Jumper updates Jumper Loyalty Pass with July XPs + Szn 1 Boost + Szn 2 Boost. • #DeBank launches ZKsync $ZK Airdrop Hunter Web3 Badge. Airdrops • #Aigisos $AIG Genesis Rolldrop eligibility & allocation checker is live. • #Renzo Season 2 $REZ airdrop eligibility & allocation checker is live. • ICYMI Hinkal Airdrop Strategy by Earndrop. • ICYMI Zircuit launches Mainnet Phase 1 & $ZRC airdrop claim. • B3 Airdrop Strategy by Alpha Insiders. • Allora Airdrop Strategy by Alpha Insiders. Finance News • Japanese Stocks rebound Tuesday; #NIKKEI recovers. • Morgan Stanley $MS to begin offering Bitcoin ETFs to clients. • Ark Invest buys ~$3.9M of Coinbase $COIN and $2.1M of #Robinhood $HOOD; sells $16.4M of Block $SQ. • Core Scientific $CORZ announces AI deal worth $6.7B with CoreWeave. • Hut 8 $HUT hires former Citigroup executive Sean Glennan as new CFO.
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#Jerome Powell speaks today at 2pm UTC time. The speech is expected to shed light on the FED's game plan regarding the upcoming interest rate cuts, with the event titled "Reassessing the Effectiveness and Transmission of Monetary Policy". The key will be any hints that could indicate by how much they'll cut rates in September: 25bps or 50bps? $BTC $BNB $SOL
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Liquidity Lab Most Important News & Narratives For Today! Today's Events: - US PPI Data (Exp. 0.2% MoM) - $ARKM Istanbul Blockchain Week - $IMX Closing of ImmutableX - $ETH ETHWomen (13-14 August) - $NTRN Liquidity Vote - $ATLAS Star Atlas Tensor - $SWEAT Unlock of $3.31M News and Narratives: - $LUNC 3AC sued Terraform Labs for $1.3 billion - $ETH Grayscale recorded the first 0 outflows day - $BTC Marathon Digital announced a $250M offering to buy Bitcoin - $XMR Binance will start converting $XMR to USDC on September 2 - $LDO Set to bring stETH to $BNB chain - $EIGEN Competitor Symbiotic launched devnet, plans mainnet in Q3 - $OP Announced plans for an interoperability system for L2 chains - $MKR - $COMP DEF bought patent to prevent lawsuits against the 2 protocols - $ETH ICO whale deposited $154M to OKX in the past month, still holds $41M - $SOL $PYUSD supply on Solana surpassed its supply on $ETH - $BTC Metaplanet bought an additional $3.3M in Bitcoin General News: - Singapore Biggest bank DBS rolled out treasury tokens pilot - Argo Bitcoin miner repaid $35M Galaxy bailout loan - Germany State-owned bank set to issue tokenized bonds - Pumpfun Exploiter pleaded guilty in London, faces 7 years in prison
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Crypto Market Cap Falls to $2.357 Trillion with 4% Drop in 24 Hours
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Next Week’s Macro Outlook: Fed Decision and U.S. Election as Potential Crypto Market Catalysts
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