Here's what happened in crypto today in short!

Trouble brewing at EigenLayer? The largest restaking protocol on Ethereum might face a major yield crisis. With over $15B in TVL, it could be growing faster than its Actively Validated Services can handle. Some fear this might lead to a significant drop in yields. 🧨

Bitcoin fees are crashing after hitting a record daily average of $128 on April 20, the day of the fourth Bitcoin halving. Just a day later, the average fee is back down to around $8-10 for medium-priority transactions. That’s quite a fall! 💸

Meanwhile, new mini-apps on Telegram might be the key to boosting crypto adoption. After Tether's USDT launched on Telegram’s Web3 ecosystem, the TON Foundation executive, Justin Hyun, mentioned that this unlocks the creator economy, making it easier for users to engage with crypto without needing a ton of tokens. Could this be the start of something big? 🚀

Stay tuned for more updates! Remember, this isn’t investment advice. Always do your research. ✨#MarketSentimentToday #DailyNews $BTC

⚡️ Highlights:

- Coinbase announces Base, an Ethereum L2 network powered by Optimism that won’t have a token.
- SEC blocked Binance US' acquisition of Voyager's assets worth $1.02B.
- Ark Invest buys another $13.2 million worth of Coinbase shares.

#CryptoMarket #DailyNews

PlayDoge: The Next Big Meme Coin in P2E Gaming

🚀 PlayDoge (PLAY) is making waves in the crypto world, combining the nostalgia of 90s Tamagotchis with modern Play-to-Earn (P2E) mechanics. Players can earn $PLAY tokens by caring for virtual pets and playing mini-games, all set in a charming 8-bit arcade world. With its ongoing presale already raising significant funds, PlayDoge is poised to be a standout project in 2024.

📈 Why it’s hot:
Nostalgic Appeal: Taps into 90s gaming nostalgia.
Earning Potential: Earn $PLAY tokens through gameplay.
Strong Backing: Operates on the Binance Smart Chain, enhancing its credibility and reach.

Ready to dive into the PlayDoge universe?
Visit playdoge.io for more info!

Thank you for reading! If you found this helpful, make sure to click the like button and follow my profile for more insightful articles like this.

#PlayDoge
#DailyNews
#Write2Earn!

🚨 WazirX Hackers Move ETH to Tornado Cash! 🚨

The hackers behind the WazirX hack have begun moving stolen Ethereum (ETH) to Tornado Cash, a popular crypto mixer used to obscure transaction trails. This move suggests the hackers are attempting to launder the stolen funds and make them harder to trace.

Tornado Cash is often used for its anonymity features, and this development poses significant challenges for investigators tracking the stolen assets. The crypto community and law enforcement agencies must stay vigilant as these hackers attempt to cash out through exchanges like Binance.

Stay updated for more info as the story unfolds! 🔍💰

#TornadoCash #Ethereum #DailyNews #wazirxhack #StaySAFU

🗞 Daily Bulletin | May 21

🔸 Bitcoin Gains 6.6%, Breaks Above $70,000 Resistance Level

🔸 Bloomberg analysts revise ETH ETF approval odds to 75% amid rumors of SEC flip

🔸 Captain Tsubasa makes historic debut on Oasys blockchain

🔸 Grayscale CEO Michael Sonnenshein steps down, replaced by Goldman exec

🔸 Brazil central bank plans year-end proposal for crypto regulation

🔸 Crypto Market Explodes as ETH Price Scales: LDO and PYTH Price Record Massive Gains

🔸 Decentralized Funding Protocol Polimec Launches on Polkadot

🔸 Web3 Gaming Firm Gala Games Suffers $206M Exploit, GALA Plummets 15%

#NewsAboutCrypto #newsdaily #CryptoWatchMay2024 #newsdaily #DailyNews

FBI Warns of North Korean Hackers Targeting Crypto Exchanges and ETF Funds.

The FBI has issued a warning that North Korean hacker groups, including the notorious Lazarus Group, are actively targeting cryptocurrency exchanges and crypto exchange-traded funds (ETFs). The agency highlighted that these groups are conducting sophisticated cyber-attacks to steal digital assets, posing a significant threat to investors and institutions. The FBI advises crypto platforms and users to implement stringent security measures and remain vigilant against potential phishing scams, malware, and other cyber threats. Stay alert and safeguard your assets as the crypto space faces increased risks from these state-sponsored hackers.
#StaySAFU #BinanceSquareFamily #DailyNews

Today, several significant developments in the crypto world are making headlines:

1. Binance Growth and Tokenization: Binance recently reported substantial growth in the tokenization of real-world assets (RWA), with a $12 billion increase in this sector. This highlights the growing trend of tokenizing physical assets on blockchain platforms, which could change how traditional markets interact with crypto.

2. New Initial Coin Offerings (ICOs): September is packed with exciting ICOs, including projects like Pepe Unchained ($PEPU) and MemeBet Token ($MEMEBET), both offering innovative approaches to staking and play-to-earn models. These projects are expected to draw attention due to their unique concepts within the meme coin space.

3. Market-Watching Events: Several major events this month could impact the crypto markets, such as the Federal Reserve FOMC meeting and the Token2049 global conference. Both are expected to influence crypto sentiment and potential price movements.

These developments, alongside ongoing regulatory discussions and new crypto ventures, make September an important month for both seasoned investors and newcomers.

#BinanceLaunchpoolCATI #DailyNews #BinanceSquareFamily #ICOAlert #CryptoNewss

The US Treasury's buyback program will have a ripple effect on the economy, impacting people in various ways:

1. *Increased liquidity*: More money in the economy means easier access to credit, potentially leading to:
- Lower interest rates on loans and credit cards
- Easier borrowing for businesses and individuals
2. *Job market boost*: Increased economic activity could lead to:
- Job creation and reduced unemployment
- Higher wages and improved working conditions
3. *Stock market growth*: The injection of funds could lead to:
- Increased investment in stocks and bonds
- Higher returns on investments
4. *Inflation concerns*: Excessive money supply can lead to:
- Higher prices for goods and services
- Reduced purchasing power
5. *Savings and debt*: The program's impact on interest rates could affect:
- Savings accounts and CD rates
- Credit card debt and loan payments
6. *Economic growth*: The program aims to stimulate economic growth, leading to:
- Improved standard of living
- Increased consumer spending and confidence

Keep in mind that the impact will vary depending on individual circumstances and the program's implementation. It's essential to stay informed and adapt to the changing economic landscape!
#usa #DailyNews $USDC

Hey there 🫵🏼

No time to keep up with crypto yesterday? No worries, I've saved the important news 💼

Ready to dive in? 〽️

🤥 XRP price surged then fell following false rumors of an ETF launch.

🤡 Australia updated its capital gains tax rules to include wrapping tokens as taxable events

📝 South Korea mandates parliamentary candidates to disclose their crypto holdings

🇫🇷 Crypto is the second most popular investment asset in France, according to a survey from spring 2023

💸 Raft protocol got exploited due to a precision calculation bug, overlooked by auditing firms. The attack resulted in a loss of $6.7 million.

🪙 Fnality, a crypto payment firm, has raised $95 million led by Goldman Sachs and BNP Paribas

👩‍⚖️ Judge rules BlockFi and FTX can begin mediation over fund disputes.

🪪 Crypto dot com received a digital asset license in Dubai

🌕 $Moon rallied 150% after r/cryptocurrency moderators promised to take over Moon token development and value accrual measures

🧯 Memetoken $GROK has tanked after ZachXBT linked the developer with multiple prior rugs

#DailyNews #dailysummary

YPF Explores Bitcoin Mining Using Gas Surpluses in Argentina
The state-owned oil company YPF, in collaboration with Norwegian company Equinor, has launched a project to power a Bitcoin mining farm in Argentina.

Bitcoin mining, leveraging gas surpluses, is gaining popularity in Argentina. Recently, a farm was established with over a thousand ASIC miners using the residual gases from YPF's oil operations in Patagonia to generate revenue.

This facility, called Central Térmica Bajo del Toro and located in Rincón de los Sauces, Neuquén, houses 1,200 ASIC units. It emerged from a collaboration between YPF, YPF Luz, and Norwegian company Equinor, along with Genesis Digital Assets Limited (GDA), which specializes in Bitcoin mining.

YPF (Yacimientos Petrolíferos Fiscales), which was renationalized by the Argentine government in 2012, has established itself as one of the leading energy companies in the country and is the third largest oil company in South America. It is involved in the exploration, production, refining, transportation, and sale of oil, natural gas, and electricity.

The total capacity of the thermal plant is 8 MW, and it is promoted as a measure to reduce greenhouse gas emissions, optimize energy use, and capitalize on gas surpluses that would otherwise have been released into the atmosphere, according to a statement from YPF.

It is highlighted that this gas is reused to generate electricity for Bitcoin mining, an industry that demands large amounts of energy, but without compromising the availability of the national power grid and offering a sustainable alternative.

🌟 You saw it first on LocademiaCripto, I swap relevant news and educational guides for your Like, for life! Don't think twice, smash that 👍 button and stay tuned because there's plenty more coming your way soon! #DailyNews #Argentina

U.S. Lawmakers Split on DeFi in First Congressional Hearing

In a recent U.S. Congressional hearing on Decentralized Finance (DeFi), lawmakers were divided over its potential and risks. Pro-crypto members advocated for DeFi as a way to create a more open and accessible financial system, while critics pointed out concerns over fraud, tax evasion, and criminal activities on DeFi platforms. This debate highlights the ongoing uncertainty about how DeFi will be regulated in the U.S., with both sides calling for clearer guidelines to balance innovation and consumer protection.
#BinanceSquareFamily #DailyNews #DefiPoolz #USACryptoTrends #TrendingBinance

Crypto Market Update: October 2024
You should read 👇🏻

As we step into the final quarter of the year, the crypto landscape is buzzing with developments.

1. Bitcoin ETF Approval: Bitcoin is rallying on the news of growing optimism for a spot Bitcoin ETF in the U.S. After years of regulatory hurdles, the potential for a green light has injected fresh enthusiasm into the market. This could mark a huge shift in institutional adoption and liquidity for BTC, paving the way for mainstream investment flows.
2. Ethereum’s Continued Expansion: Ethereum 2.0 continues to show steady growth with its transition to proof-of-stake proving successful. The ecosystem is expanding rapidly, especially with layer-2 solutions like Arbitrum and Optimism enabling cheaper and faster transactions. DeFi platforms are thriving again, especially as gas fees remain manageable, encouraging more users and projects to build.
3. TRON and Gas-Free Transactions: TRON’s recent developments in promoting gas-free stablecoin transfers have gained attention. As more users turn to cost-effective solutions, TRON is positioning itself as a go-to platform for stablecoin transfers, particularly in regions where banking systems are less accessible.
4. Ripple’s Legal Battle: Ripple’s legal saga with the SEC has entered its final stages, with both sides presenting strong arguments. A favorable outcome for Ripple could lead to a massive boost in XRP’s price and set a precedent for crypto regulation in the U.S. markets.
5. Altcoins on the Move: Projects like Solana, Avalanche, and Polkadot are making headlines again with innovations in interoperability, scalability, and cross-chain functionality. With major partnerships and ecosystem upgrades, these networks are setting the stage for the next wave of DeFi and dApp innovations.

Stay tuned as the market evolves, and remember to always stay informed before making any investment decisions!
#BTC☀ #DailyNews #NewsAboutCrypto

🔻 GameStop short sellers face a $1.2B loss today

$GME $65 premarket: #GameStop short sellers face a $1.2B loss Tuesday.

With the stock's surge, losses total $2.5B this month

#GME #Loss #TrendingTopic #DailyNews

Hey there 🫵🏼

Missed the crypto buzz today? No worries, I've got the must-know news for you 💼 💙

Ready to dive in? 〽️

🕹️ Square Enix is entering crypto gaming with a bang. Their new project SYMBIOGENESIS is starting today. Their Discord activities to earn points and “buy” rewards and win one of the 500 characters is live.

🇰🇷 South Korean authorities busted a large-scale crypto scam worth $14 million. 25 people have been arrested. The scam was an MLM clothed as an exchange

🇪🇺 The European Union has published a draft on liquidity and capital requirements for offering a euro stablecoin

🔶 Binance launched a self-custody wallet for its 150 million users. The wallet contains an airdrop area, bridging, lending, and staking features

🇨🇭 Swiss crypto bank SEBA received a license in Hong Kong

🥖 The Head of the Bank for International Settlements (BIS) says that CBDCs are vital for innovating financial systems

🥃 Grayscale's Chainlink Trust soars to a 200% premium, indicating high institutional demand.

🌊 Coatue reduced its stake in OpenSea and Moonpay by 90%, significantly lowering both platforms' valuations.

🗠 USDC issuer Circle is considering an IPO in early 2024.

📵 Wintermute claims that Near Foundation backed out of $11 million $USN stablecoin redemption deal

💰 FTX has transferred about $316 million in assets to crypto exchanges, $187 million of it in $SOL tokens (4.8 million $ SOL)

🏹 Robinhood plans to expand its crypto services into the EU and UK

₿ Both KuCoin and Gate are planning to support BRC-20 memecoin sats when “liquidity requirements are met”

🇸🇻 The second biggest merchant supplier in El Salvador is now accepting Bitcoin. The supplier has 40,000 merchants under its banner

🤖 A decentralized AI platform Ritual has raised $25 million. They aim to open access to AI infrastructure

#newsbrief #DailyNews