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CRYPTO BREAKING NEWS! (08/02/24) ✦ Terraform Labs Co-Founder Do Kwon Wins Second Appeal Against Extradition Requests ✦ The cryptocurrency market has experienced a resurgence, with Bitcoin and other cryptocurrencies adding over $60 billion in a day. Cardano's native token, ADA, has emerged as the top performer. ✦ Jupiter Removes JUP Tokens and Retains $63.5 Million USDC for Liquidity Support ✦ South Korean Game Company Wemade Under Investigation for Alleged Legal Violations ✦ Deus X, Bridgetower Launches $250M Digital Asset Venture in Middle East ✦ NBA Sued Over Marketing Ties with Failed Crypto Lender Voyager Digital ✦ BlackRock's Bitcoin ETF Volume Peaks, Crossing the $1B Mark

CRYPTO BREAKING NEWS! (08/02/24)

✦ Terraform Labs Co-Founder Do Kwon Wins Second Appeal Against Extradition Requests

✦ The cryptocurrency market has experienced a resurgence, with Bitcoin and other cryptocurrencies adding over $60 billion in a day. Cardano's native token, ADA, has emerged as the top performer.

✦ Jupiter Removes JUP Tokens and Retains $63.5 Million USDC for Liquidity Support

✦ South Korean Game Company Wemade Under Investigation for Alleged Legal Violations

✦ Deus X, Bridgetower Launches $250M Digital Asset Venture in Middle East

✦ NBA Sued Over Marketing Ties with Failed Crypto Lender Voyager Digital

✦ BlackRock's Bitcoin ETF Volume Peaks, Crossing the $1B Mark

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CRYPTO BREAKING NEWS! (22/5/24) ✦ According to U.Today, on this day in 2010, Florida-based software developer Laszlo Hanyecz made history by purchasing two pizzas for 10,000 Bitcoins. This marked the first commercial transaction using the original cryptocurrency. Laszlo had posted a request to buy pizzas with Bitcoin five days before the actual transaction on the renowned BitcoinTalk forum. With Bitcoin's current trading value close to $70,000, the two Papa John's pizzas would now be worth over $700 million. Fourteen years ago, these pizzas were valued at just $41. ✦ Blockchain data reveals that more than 13,300 Ethereum (ETH) tokens have been sent to the Ethereum burn address, with a current value exceeding $50 million. In addition, data from Ultrasound Money indicates that the rate of ETH burning is significantly lagging behind its issuance rate. On average, 303,000 ETH tokens are burned annually, while 918,000 are issued each year. This information provides insight into the current state of Ethereum's token economy, highlighting the disparity between the number of tokens being destroyed and those being created. ✦ The Ethereum L2 network Linea TVL has broken through the $1 billion mark, setting a new historical high. The network has seen an increase of over 40% in the past seven days. This significant growth indicates a rising interest and investment in the Ethereum L2 network Linea TVL. ✦ A significant transaction involving USDC coins has been detected. The transaction, which took place at 12:57:11 Beijing time, saw a total of 271 million USDC coins being transferred from an unknown wallet to MakerDAO. ✦ Data from Santiment reveals that the number of small Ethereum wallets, holding 10 or fewer ETH, continues to rise, reaching a record high of 121.74 million. In contrast, the number of 'Smart Money' wallets, those holding between 10 and 10,000 ETH, has decreased by 5.8% over the past year. Furthermore, the number of large 'whale' wallets, holding more than 10,000 ETH, has decreased by 10.6%.
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