Today's news tips:
The United States is considering amending the Bank Secrecy Act to strengthen financial institutions’ reporting requirements for cryptocurrency transactions
DOGS: More withdrawal options will be added and the claim period will be extended. TGE will be held at 20:00 on August 23.
CryptoPunk 5822 was allegedly sold for 1,500 ETH and was sold for $23.7 million in 2022
Data: Currently only 20% of traders on the Pump.fun platform have achieved profits
Data: 75% of Bitcoin has not been moved in 6 months
Aptos set several records last week thanks to the launch of Tapos games, including a total of 326 million user transactions.
Wintermute recharged 1631.863 WBTC to Binance again, worth $97.03 million
Tether to launch USDT on Aptos blockchain
Regulatory News
The United States is considering amending the Bank Secrecy Act to strengthen financial institutions’ reporting requirements for cryptocurrency transactions
According to Cointelegraph, the U.S. Department of the Treasury (DOT) released a semi-annual regulatory agenda on August 16, revealing that the federal government is about to create a fair regulatory environment for cryptocurrencies and traditional legal tender. The Federal Reserve Board (FRS) and the Financial Crimes Enforcement Network (FinCEN) plan to amend the meaning of "currency" used in the Bank Secrecy Act (BSA) to strengthen financial institutions' reporting requirements for domestic and cross-border cryptocurrency transactions. According to the agenda: "These agencies (FRS and FinCEN) hope that the revised proposal will ensure that the rules apply to domestic and cross-border transactions involving convertible virtual currencies, which are a medium of exchange (such as cryptocurrency) that has a value equivalent to currency or can replace currency, but lacks legal tender status." However, the proposal also extends reporting requirements to digital assets with legal tender status, including central bank digital currencies (CBDC). The final notice of the proposed rulemaking is currently scheduled for September 2025 and is subject to approval.
Australian Securities and Investments Commission: Cryptocurrency fraud caused $1.3 billion in losses last year, with an average of 20 websites shut down every day
The Australian Securities and Investments Commission (ASIC) said it coordinated the removal of more than 600 cryptocurrency scams last year, helping to combat 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks and 615 crypto investment scams. The scams, which were estimated to have caused a total loss of $1.3 billion last year, were spread through fake news articles and deep fake videos of local public figures. ASIC said an average of 20 sites were taken down every day, with scammers constantly adapting their tactics and finding new ways to entice victims.
ASIC refers suspicious websites to third-party companies that specialize in detecting and combating cybercrime. Once malicious activity is confirmed, the removal process begins, including identifying relevant parties who can assist in stopping the attack. Targeted websites often include fake or imposter entities offering investment scams to Australians, such as fraudulent trading platforms and cryptocurrency investment scams. Despite a surge in crypto-related scams around the Bitcoin halving event in April, data provided by the regulator shows that the number of crypto-related scams has decreased month-on-month.
Project News
DOGS: More withdrawal options will be added and the claim period will be extended. TGE will be held at 20:00 on August 23.
The DOGS community said on Telegram that so far, 6 million verified users have requested to deposit their DOGS directly into exchanges and Telegram wallets. The team decided to add more withdrawal options and extend the claim period so that everyone has enough time.
Claims from exchanges and Telegram wallets will remain open until 2:00AM (UTC+8) on August 22.
Claims for non-custodial wallets will begin at 16:00 (UTC+8) on August 23;
The TGE and listing will take place on August 23 at 20:00.
Swell Network: Completed White Pearls snapshot, points holders will share all Swell L2 airdrops
Liquidity re-staking platform Swell Network stated on the X platform that the Voyage activity (White Pearls) snapshot has been completed. Black Pearls holders will be able to claim SWELL in the first wavedrop in October, and ecosystem points holders will share all Swell L2 airdrops.
Ava Labs COO's X account is suspected to be stolen, please do not interact
According to PeckShield monitoring, the X account of Ava Labs COO Luigi D'Onorio DeMeo is suspected to be stolen and publishes false token information. Please do not interact with any addresses or links published by it.
Polygon executives: 90% of L1/L2 BD teams will ask for shares/airdrops from ecological projects
Polygon CISO Mudit Gupta said on the X platform that people are panicking about Eigen Labs employees asking for airdrops from ecosystem sub-projects, but in fact 90% of L1/L2 BD teams will directly ask for shares/airdrops in the name of consultants. If any reporter really wants to investigate, they just need to start a new fake DEX and contact different BD teams.
Tether to launch USDT on Aptos blockchain
Tether announced that it will soon launch USDT, which is pegged to the US dollar, on the Aptos network. The average daily active users of Aptos increased from 96,000 in January to 170,000 in July. In addition, the number of transactions processed in a single day in May 2024 set a record of 157 million.
Binance will launch SYS 1-50x USDT perpetual contract
According to the official announcement, Binance will launch the SYSUSDT perpetual contract at 20:30 (ET8) on August 19, with a maximum leverage of 50 times.
ETHGlobal announces the winning projects of SuperHack 2024
ETHGlobal announced the list of winning projects for SuperHack 2024, including more than 8 innovative applications: 1. Tamayoshi, a gas-free on-chain mobile game; 2. ChooseADelegate uses social graphs to help users’ active representatives vote on DAO proposals; 3. Century Pay, a Discord payment robot; 4. EthDrive provides a digital asset storage solution similar to Google Drive, using a directory structure to organize assets, conduct transactions and connect to dApps; 5. QuickPay enables USDC holders on Base to use the existing Qpay system to pay at physical merchants in Mongolia; 6. Farcaster’s on-chain reputation game Kiss or Slap; 7. HomeBase is a dashboard that aggregates various Base projects, simplifying the experience for people entering the on-chain world; 7. On-chain AI art game DrawDash.
Since the implementation of South Korea’s Virtual Asset User Protection Act, the number of newly listed currencies has dropped sharply
According to FN News, the number of new cryptocurrency listings on South Korea’s four major exchanges — Upbit, Bithumb, Coinone, and GoPax — has dropped dramatically since the Virtual Asset User Protection Act came into effect on July 19. Prior to the legislation, the platforms launched a total of 188 different cryptocurrencies in the first half of the year, an average of about 24.5 listings per month. However, that pace has recently dropped to more than half of that. In Upbit’s case, the exchange launched 47 new coins in the first half of the year, but has only added two new coins — Pendle and Aethir — to its won and bitcoin markets since the law was implemented. Bithumb’s average monthly listings fell from 5.73 to just three, while Coinone’s average monthly listings fell from 7.8 to four. Meanwhile, Gopax has not launched any new coins since the new regulations were enacted.
Important data
Bitcoin spot ETF had a net inflow of $32.58 million last week, while Grayscale ETF GBTC had a net outflow of $195 million
Ethereum spot ETF had a net outflow of $14.16 million last week, and Grayscale Ethereum Trust ETF ETHE had a net outflow of $118 million
Data: 75% of Bitcoin has not been moved in 6 months
According to Zerohedge, Bitcoin Magazine Pro data shows that nearly 75% of circulating Bitcoin has been idle for more than six months. Despite market volatility, this strong HODLing behavior reflects a firm belief in the long-term value of Bitcoin. The dominance of old coins (coins held for 6 months or more) shows that long-term investors are increasingly holding Bitcoin, possibly expecting future price increases.
Galaxy Digital allegedly increased its holdings by 400 BTC half an hour ago, worth $23.4 million
According to @ai_9684xtpa, Galaxy Digital is suspected to have increased its holdings by 400 BTC half an hour ago, worth $23.4 million. The institution had withdrawn a total of 6,950 BTC from Binance between July 27 and August 2, worth up to $464 million, with an average price of $66,776. Then, in the week from August 3 to August 6, it recharged 2,050 of them (about $112 million) to the exchange, and if it was sold, it would lose $24.78 million.
Ceffu has deposited 3,568 BTC, about $211.6 million, to Binance since July 31
According to Lookonchain monitoring, Ceffu has deposited 3,568 BTC ($211.6 million) to Binance since July 31. Ceffu provides custody and liquidity solutions for institutions, which means that institutions are likely selling BTC.
Wintermute recharged 1631.863 WBTC to Binance again in the past 13 hours, worth US$97.03 million
According to @ai_9684xtpa, Wintermute has recharged 1,631.863 WBTC to Binance again in the past 13 hours, worth $97.03 million. The cumulative amount transferred to the exchange since August 17 has grown to 5,860.67, with a total value of up to $348 million.
Data: As of August 16, 40 funds around the world hold more than 1.07 million BTC
According to HODL15Capital monitoring, global Bitcoin ETF data showed that as of August 16, 40 funds held 1,070,594 coins, and BlackRock IBIT continued to increase its holdings of BTC.
Q2 Spot Bitcoin ETF Institutional Holders Statistics: IBIT Increased 34% and FBTC Increased 25%
According to Trader T, three sets of data are used to summarize the institutional holders of spot Bitcoin ETFs in the second quarter. 1. BlackRock's IBIT: 582 institutional holders, up 34% from the first quarter (month-on-month); 118 million shares, excluding options, up 47% month-on-month. 2. Fidelity's FBTC: 303 institutional holders, up 25% month-on-month; 50.4 million shares, excluding options, up 35% month-on-month. 3. Bitwise's BITB: 139 institutional holders, up 35% month-on-month; 14.7 million shares, excluding options, up 50% month-on-month.
Aptos set several records last week thanks to the launch of Tapos games, including a total of 326 million user transactions.
Aptos said on the X platform that thanks to the launch of the click game Tapos, the game broke the record of more than 500 million transactions in 3 days. Aptos set a number of records last week, including: peak TPS of 12,492; total user transactions reached 326 million; daily transaction volume reached 50 million; 4100+ TPS was processed on August 15.
GSR deposited 10.89 million RARE to Binance in the past 24 hours, about 3.41 million US dollars
Data: Currently only 20% of traders on the Pump.fun platform have achieved profits
Crypto KOL arndxt published the trading data of Pump.fun platform on X platform. Only 70 traders (0.0028%) made a profit of more than $1 million; 924 (0.037%) made a profit of more than $100,000; 11,936 (0.477%) made a profit of more than $10,000; and 76,567 (3.061%) made a profit of more than $1,000. Only 20% of people made a profit. The remaining 80% suffered losses.
Later in the day, on-chain analyst Lookonchain said that the data that 0.477% of wallets made more than $10,000 in profits on Pump.Fun was not accurate.
CryptoPunk 5822 sold for an undisclosed price. It was previously sold for $23.7 million in 2022.
CryptoPunk#5822was sold for an undisclosed price and is currently held by the address starting with 0xc121. CryptoPunk 5822 was recognized by the Guinness World Records as the most expensive NFT collection in 2022. The NFT was purchased by Deepak Thapliyal (deepak.eth), CEO of blockchain technology startup Chain.com, for 8,000 ETH (worth $23.7 million) on February 12, 2022, the highest transaction price in the history of the CryptoPunk series of NFTs.
Later news came out that the buyer of CryptoPunk 5822 was suspected to be collector VOMBATUS, and the transaction price was 1,500 ETH.
Vitalik has transferred 400 ETH to Railgun
According to PeckShield monitoring, Vitalik has transferred 400 ETH (worth about $1 million) to Railgun.
According to previous news, Vitalik transferred 400 ETH (worth about 1.06 million US dollars) to the new address 0x18...F10E. The subsequent 400 ETH may be transferred to Railgun.
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