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🧙‍♂️ #Sandbox  ogłosił, że wypuścił #Sandbox   #DAO   z 25 milionami #SAND   skarbów.
$BTC $SAND 

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BTC

57 921,11

-1.99%

SAND

0,2449

-3.16%

12.1k

0

Odpowiedzi 4

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A Research Firm Shares New Data on Spot Bitcoin and ETH ETFs! Until a year ago, many crypto investors were eagerly awaiting the day when the US Securities and Exchange Commission (SEC) would approve spot Bitcoin and Ethereum ETFs. Although the SEC granted these approvals, things did not progress as crypto enthusiasts desired. Although there were some increases in the market after spot crypto ETFs, the mega-rise period that crypto investors were waiting for never started. Galaxy Research, a successful research firm, recently shared a new report on spot Bitcoin and #Ethereum ETFs and provided the following information: “Since launch, Ethereum ETFs have reached significantly less trading volume than Bitcoin ETFs. They are also trading well below ETH/BTC CEX volume and market cap ratios. This is the result of several factors, the most important of which is that top-tier trading desks do not yet offer margin for ETH ETFs.” In the coming period, the first-class trading desks, as reported by Galaxy Research analysts, will start offering #ETH ETF margins, which could revitalize the crypto market.

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XRP Price Drops to $0.5569 as 1 Billion Tokens Unlocked – Potential Rise to $4 Predicted On September 1, Ripple released 1 billion XRP tokens from its escrow account, causing a slight drop in the market value of the coin. The transaction was meticulously executed in three separate stages, with a total of 500 million, 200 million, and 300 million tokens released almost simultaneously. The value of these tokens exceeds $560 million and comes from the “Ripple 24” wallet, which has been active for the last seven years. The first stage of the transaction was executed at 02:46:22 UTC, releasing half a billion XRP tokens worth approximately $280 million. However, the increase in the number of tokens available was combined with the real-time market reaction, and XRP’s price fell to $0.5569, a loss of 2.26% during the trading day. This reaction suggests that investors are cautious in the face of increasing supply and market volatility. Ripple created an escrow mechanism in 2017 by securing 55 billion XRP tokens in various accounts. The plan to release 1 billion XRP monthly is designed to reduce centralization and effectively manage Ripple’s large stake. However, CTO David Schwartz expressed doubts about the long-term effectiveness of these measures and noted the complexities of token releases. Another dimension to market sentiment is the possibility of $XRP rising to $4 in 2020, a historical pattern seen. If #XRP manages to break out of its current bearish structure, analysts predict a significant 742% rally similar to past performances. This optimistic scenario could pave the way for a new peak in market value, in line with Ripple’s ongoing partnerships with smaller financial institutions.

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🇺🇸 48% of all institutional donations collected for the 2024 U.S. presidential election are in cryptocurrencies. -CNBC

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Hamster Kombat hit by TON: Disappointment! The Open Network (TON) overshadowed the Hamster Kombat airdrop due to systemic problems. Telegram tap-to-win gamers got some exciting news this week. The developers of viral crypto game Hamster Kombat have announced that the HMSTR token launch will now take place on The Open Network (TON) on September 26, after being delayed in July. However, the announcement was dampened by the news flow surrounding the TON ecosystem. This past weekend, Telegram co-founder and CEO Pavel Durov was arrested in France, leading to a price drop for TON and uncertainty surrounding the Telegram-affiliated network. Before the Hamster Kombat announcement, TON had its network operations down for hours due to increased demand. The TON network recovered overnight, but crashed again the next day, crashing for several more hours. TON’s core developers blamed this week’s network congestion and outages on demand for DOGS, a memecoin offered via an airdrop from the Telegram app. Despite the network issues, DOGS briefly entered the top 100 overall coins by market cap on Wednesday, reaching $1.8 billion in trading volume over the previous day. The rise of The Open Network, which has been fueled by increased integration within Telegram over the past year and the success of Notcoin and subsequent crypto games, has driven more traffic to TON than ever before. On Friday, developers said on Telegram that the network had hit a new daily user record of 1.1 million.

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British Columbia Court Forces Daniel Tambosso to Repay $1.2 Million Bitcoin Loan Amid Ponzi Scheme Allegations In a significant legal development, a judge in British Columbia has ordered Daniel Tambosso to repay $1.2 million to Hung Nguyen for a 22-bitcoin loan he received in 2021. The case not only highlights the unexpected challenges in the cryptocurrency world, but also reinforces the validity of contractual agreements despite the evolution of digital currencies. Nguyen, who works as a real estate agent, said the loan represented his entire life savings and that the loss had negatively impacted his financial stability and state of mind. The court’s decision reminds us of the responsibilities that come with crypto transactions, encouraging both lenders and borrowers to understand the risks. Tambosso’s defense centered on his claim that he was the victim of a Ponzi scheme. He claimed that he was forced to borrow bitcoin to recoup losses from software linked to the fake Satoshi Nakamoto. The judge, however, rejected this argument, emphasizing that the decision was based on fundamental principles of contract law. The court stated that Tambosso’s obligation to repay the borrowed amount remained valid, despite his claims of victimization. This decision clarifies the legal situation on cryptocurrency loans, but also raises the issue of accountability in the often complex nature of navigating the crypto world. The implications of this decision go far beyond the immediate financial losses experienced by the parties involved. Both Tambosso and Nguyen reported facing major financial hardships; Tambosso noted that he suffered significant losses in the crypto market and currently works in the HVAC sector to support himself. This case highlights a growing trend where legal frameworks are beginning to adapt to the unique challenges associated with cryptocurrency lending and investments. The complexities associated with such transactions require a deeper understanding of how traditional legal principles should be applied to modern digital finance.

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