Bitcoin ETFs See $1.2 Billion Outflow in 8 Days
In today's crypto news, U.S. spot Bitcoin ETFs recorded a massive $1.2 billion in outflows over just eight days, marking their longest outflow streak since launching in January. Bitcoin's price has struggled, dropping 17% in early September, continuing a historical trend of underperformance for the month.
Friend.tech Burns Smart Contract Control, Token Plummets
The Friend.tech team shocked the crypto space by transferring control of their platform’s smart contracts to a burn address, permanently locking them with no chance of recovery. This move follows a sharp 26% drop in the platform's token, FRIEND, which has plummeted from a $233 million market cap at launch to just $6.3 million.
Telegram Disables “People Nearby” Feature Amid Privacy Concerns
Meanwhile, Telegram's founder, Pavel Durov, has disabled the controversial “People Nearby” feature to protect users from government tracking. Durov also announced that media uploads on the platform’s blog feature will be discontinued due to misuse by malicious actors, despite the arrest by French authorities continuing to loom over his actions.
@dappOS_com is transforming the Web3 industry by streamlining interactions with decentralized systems, allowing users to focus on their goals without navigating complex processes. One key feature, "earning yield while ready for use," lets users earn passive income on assets while still keeping them available for transactions. This innovation is likely to drive greater adoption of decentralized applications by increasing both convenience and profitability for users.
The "earning yield" characteristic has the potential to reshape how assets are managed in the Web3 space, encouraging more participants to engage with decentralized finance (DeFi). By maximizing asset efficiency and reducing the friction of traditional interactions, dappOS is positioned to attract a wider audience to Web3, further expanding the utility of digital assets.
A joint airdrop event between dappOS and Binance Web3 Wallet highlights this collaboration’s potential to grow both ecosystems. By incentivizing user participation, the event can onboard new users and educate them on the benefits of decentralized systems. This initiative not only promotes the platforms but also strengthens the infrastructure of both dappOS and Binance, paving the way for future integration and innovation in the Web3 space.
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