🚨 CRYPTO NEWS IN THE LAST 24H 🚨

⚫️$BTC - Japanese company Metaplanet buys another 300 million yen in Bitcoin.

⚫️$ENS - PayPal and Venmo integrate Ethereum Name Service (ENS), allowing users to transfer crypto using domain names

⚫️$BNB - BNB Chain has mentioned an upcoming Restaking feature.

⚫️$VELO - Velo Labs announces that the assets supporting $USDV will now include an investment in BlackRock's BUIDL token

⚫️$WLD - Worldcoin: Singapore is investigating a group of individuals illegally trading WLD accounts and tokens

⚫️ Sony's Layer2 network, Soneium, will partner with Sony Bank to introduce a Japanese yen stablecoin.

⚫️ $NEIRO - Since $NEIRO futures listed on Binance, Wintermute has accumulated a total of 12.16 million $NEIRO (equivalent to 2.37 million USD), according to @lookonchain and has now become a MM for NEIRO.

❗️Crypto Market Review: August 2024

➡️ August was the worst month for crypto performance in 2024; (So far)

➡️ Disappointment over poor performance, small airdrops, and lack of new stories drove investors to trade memecoin;

➡️ Memecoin was the top-performing niche in August;

➡️ Solana and TRON led the memecoin trading market, with Solana's PumpFun and TRON's SunPump platforms driving activity;

🚨 CRYPTO NEWS IN THE LAST 24H 🚨

⚫️ $BTC - Along with the recovery of the stock market, Bitcoin also had a good short-term move, hitting $58k. Whether this continues remains to be seen.

⚫️$ETH - Vitalik and the Ethereum Foundation continue to sell Ethereum. Vitalik transferred 3,800 $ETH to a Multisig wallet and exchanged it for 190 $WETH and 434,300 $USDC. The Ethereum Foundation (EF) sold 450 $ETH for 1,029,000 $DAI and transferred it to an EF wallet.

⚫️An address associated with the Ethereum Foundation has staked 3,000 $ETH ($6.9 million) on Kelp DAO. KelpDAO Mentions Token Launch in Q3

⚫️ Pump.fun Issues Public Service Announcement (PSA) Advises US Users to Avoid Accessing the Platform for the Next 48 Hours, Suggesting Pump.fun Could Face Regulatory Scrutiny and Access Restrictions in the US

⚫️ $RPL - Binance Lists $RPL on Futures Market

⚫️ $ETHFI - Ether.Fi Launches 'Cash' Visa Card on Scroll

⚫️ Binance-Backed Crypto Exchange Tokocrypto Receives License to Operate in Indonesia

🗓 09.09.2024 | QUICK OVERVIEW OF THE CRYPTO MARKET

💬💬💬💬💬💬 24h price action:

🟢 Bitcoin starts the new week at 55k

🟢 On the weekly chart, we have a second red candle after the full-force red candle last week. The price action in the D chart is quite uncomfortable. After 2 consecutive red candles, the price is accumulating sideways right above the support. However, the current price reaction is not really strong.

🟢 The greed and fear indexes have escaped from the extreme fear zone to the fear zone, not much different 😁

🟢 Altcoins have a better recovery, typically SUI, STRK, AVAX. Holders are temporarily warmed up after the stormy days 💧🌈

⚡️⚡️⚡️⚡️⚡️⚡️ Crypto News 24h:
🔴 🇺🇸 Donald Trump announced that he would impose a 100% tax on countries that abandon the use of the US Dollar if he is elected President
🔴 Ripple is about to launch the stablecoin $RLUSD, pegged to the US dollar, CEO Brad @bgarlinghouse said the expected launch time is "in the next few weeks."
🔴 Mastercard and Mercuryo cooperate to issue debit cards for non-custodial wallets

➡️ CRYPTO NEWS IN THE LAST 24H ⬅️

➡️ $BTC - According to @AxelAdlerJr, $BTC's RSI has dropped to its lowest level since July and was similarly low in September last year. Since September last year, BTC was at 26k, but 6 months later it reached 73k.

➡️ $BTC - Arthur Hayes opened a SHORT position on $BTC, noting that $BTC could correct below $50,000 over the weekend, but quickly closed the position 😅. Hayes argues that more US dollar liquidity is flowing into the market this week and bitcoin price “could go up.”

➡️ $FB - Fractal Bitcoin launches Mainnet. 80% of all tokens are allocated to the community, with only 20% for the team and contributors. This 80% includes Proof of Work mining, which accounts for 50% of the total supply.

➡️ Tether has acquired a 9.8% stake in Adecoagro, a large Latin American agricultural conglomerate.

➡️ $USDC - USDC has just minted another 50 million $USDC.

➡️ $AMB - AirDao has announced the upcoming launch of its liquid staking product, HARBOR. The liquid staking product will be launched in September, and 3 tokens - $AST $HRB $HBR - will undergo TGE in October.

TOP 7 TOKEN SẼ UNLOCK VÀO TUẦN NÀY

Aptos - $68.40M
Moca - $17.77M
Conflux - $11.38M
Hypercycle - $10.94M
SmarDex - $7.78M
Delysium - $7.60M
Worldcoin - $7.05M

🪙 Bitcoin's Hash Rate Just Hits All-Time High 🚀

A higher hash rate reflects more computing resources being used to process transactions and mine new Bitcoins.

While an increase in hash rate does not directly impact Bitcoin's price, it does strengthen the security of the underlying network. Hash rate milestones also tend to precede bullish market moves and Bitcoin halving events.

🗓 08.09.2024 | QUICK OVERVIEW OF CRYPTO MARKET

💬💬💬💬💬💬 24h price movement:
🟢 BTC recovers to the $54k6 area, however, the recovery volume is not strong
🟢 BTC is currently aiming to close the weekly candle, this will partly determine the BTC situation next week
🟢 Altcoins are also recovering significantly following BTC - Market sentiment is also more skeptical than excited

⚡️⚡️⚡️⚡️⚡️⚡️ Crypto 24h News:
🔴 Treasury Secretary Janet Yellen affirmed that the US economy is stable and the slight decrease in employment figures is a sign of a soft landing, not a recession.
🔴 WisdomTree Withdraws ETH ETF Application
🔴 ZKsync Takes New Step Towards Fully Decentralizing Project

🧬 Solana Daily Active Addresses Hit All-Time High - ATH

The 🧬 Solana network just hit a new high - 3.8 million active addresses, surpassing the combined totals of ⚪️ Ethereum (327,000), 🟠 BNB (823,000) and 🔻 Tron (2.1 million).

Interestingly, while Solana activity has skyrocketed by an impressive 363%, Ethereum has dropped by 19.3% over the past 6 months.

🗓 07.09.2024 | QUICK OVERVIEW OF THE CRYPTO MARKET

💬💬💬💬💬💬 24h price movement:
🟢 BTC plummeted to $52k5, US stocks were on fire, S&P 500 had the worst week since March 2023
🟢 BTC has now returned to the $53k8 area, but the recovery is weak
🟢 Altcoins fell slightly following BTC, there are no signs of panic selling like previous BTC dumps. Many Altcoins are performing better than Bitcoin 🤔

⚡️⚡️⚡️⚡️⚡️⚡️ Crypto News 24h:
🔴 CZ is permanently banned from running Binance exchange, but still has influence because of the amount of shares he holds [
🔴 Ripple co-founder supports Kamala Harris for President
🔴 Coinbase adds $ZK (ZKsync) to its future listing roadmap
🔴 TON Foundation invests another $24M to promote DeFi on the network

TVL of Restaking Protocols Plunges 50% 📉 in the Past 3 Months

Restaking protocols were once the "bright stars" in Q2/2024 when TVL peaked at $21.2 billion on June 7, with a series of impressive milestones such as ether.fi's TVL increasing by $1 billion in just 5 days or Symbiotic reaching $1 billion TVL just 1 month after its launch. However, this halo is gradually fading as protocols face a serious decline in TVL.

According to statistics from Protos, Pendle suffered a huge loss with a decrease of 63%. ether.fi, although retaining most of its value, also fell by more than 10%. Renzo was one of the most damaged protocols with a loss of more than 75% of its TVL value. Protocols like Puffer, Kelp, and Karak did not escape the trend with losses ranging from 32% to 44%.

🗓 06.09.2024 | QUICK OVERVIEW OF CRYPTO MARKET

💬💬💬💬💬💬 24h price movement:
🟢 After recovering to $58k, BTC continues to return to the small range sideways at the price range of $56k

🟢 Altcoins slightly decrease following BTC

🟢 Market returns to "Extremely Fearful" state after the strong dump at the end of August 6

⚡️⚡️⚡️⚡️⚡️⚡️ Crypto News 24h:
🔴 Mastercard launches crypto debit card in Europe, allowing users to spend from self-managed wallets at 100 million payment acceptance points.

🔴 US Crypto Lobbying Spending Increases 1,386%

🔴 Synthetix Builds SNAXchain App-Chain on Optimism Superchain

🚨 Outlier Ventures: Bitcoin's 4-Year Halving Cycle Is No Longer "Applicable"

Outlier Ventures published a new report on September 3, stating that investors should no longer put too much faith in the 4-year price cycle of Bitcoin after the world's largest cryptocurrency had its worst post-halving growth in history.

Outlier Ventures' head of research Jasper De Maere wrote in the report:
⚫️Four months after the latest Bitcoin halving event, we are witnessing the worst price volatility ever.
⚫️Halving has no longer had a fundamental impact on the price of BTC and other digital assets, the last time it did so was in 2016. It is time for investors and project leaders to stop believing in the 4-year cycle of the cryptocurrency market as it is now maturing more.

However, there are still notable exceptions such as the Bitcoin price in 2024 set a new ATH peak of $ 73,840 in March, before the halving took place, breaking the price model of previous halvings. This is seen as a consequence of the approval of US BTC ETFs, opening the door for large investment organizations in the US to directly access Bitcoin.

Similarly, Bitcoin after the 2020 halving also grew strongly thanks to external factors such as the COVID-19 pandemic that forced the Fed to inject money to rescue the market, the US Presidential election, or the rise of DeFi projects at that time.

Therefore, it cannot be ruled out that external factors can still affect the price outlook of Bitcoin in particular and other coins in the cryptocurrency market.

DWF Labs Announces It's Developing Its Own Stablecoin

According to Andrei Garchev, founder of DWF Labs, the investment fund and market maker is in the process of building its own stablecoin, with the unique feature of accepting many other cryptocurrencies as collateral.

Specifically, Mr. Garchev revealed that DWF Labs' stablecoin will be backed by popular stablecoins on the market today such as Tether (USDT), Circle's USD Coin (USDC), Maker's DAI and Ethena's USDE. Not stopping there, the fund also mentioned the possibility of supporting BTC, ETH and a small group of other big-cap coins and altcoins.

It is still unclear whether DWF Labs' stablecoin will have any other advantages or offer high interest rates to compete with its competitors. It is likely that this coin will “borrow” part of the idea of ​​USDE issued by Ethena, which is one of the few successful stablecoins in 2023-2024.

🚨 Zürcher Kantonalbank (ZKB), the fourth largest bank in Switzerland and ranked as the second safest bank in the world, has launched a cryptocurrency service for retail customers and third-party banks.

Customers can now trade Bitcoin and Ether via the bank's app and online banking platforms.

🗓 05.09.2024 | QUICK OVERVIEW OF THE CRYPTO MARKET

💬💬💬💬💬💬 24h price movement:
🟢 After yesterday's rekt to 56.6k, BTC has now increased slightly back to the 58k area. The whole market is cautiously covered in green 😁

🟢 ETH's gas is changing, a few weeks ago it was fluctuating below 1, now it has bounced back above 5. The greed and fear index is still at 29 - the fear level.

⚡️⚡️⚡️⚡️⚡️⚡️ Crypto News 24h:
🔴 CFTC fines Uniswap for providing illegal Crypto derivatives trading

🔴 World's 2nd safest bank Zürcher Kantonalbank - deploys Bitcoin & Ethereum trading

🔴 Former Mt. Gox CEO prepares to launch Crypto exchange

🗓 04.09.2024 | QUICK OVERVIEW OF THE CRYPTO MARKET

💬💬💬💬💬💬 24h price movement:
🟢 BTC suddenly dropped sharply this morning to 55.6k, currently trading around 56.6, which has dragged $196.57M 💵 liquidated in the past 24h

🟢 The entire market continues to be immersed in red like the early days of August, fear has begun to increase more in the psychology of investors

⚡️⚡️⚡️⚡️⚡️⚡️ Crypto News 24h:
🔴 The US Department of Justice has sent subpoenas to NVIDIA and other companies, with why this chipmaker violated antitrust laws.

🔴 Penpie is a DeFi platform tied to Pendle Finance, hacked, $27M in damage

📊 Top 15 projects with the highest TVL growth in August

Meso Finance +1046%
DYAD +930%
COREx Network +492%
SiloStake +365%
Suilend +153%
TruFin Protocol +134%
AlphaFi +103%
NX Finance +102%
Aera +90.8%
NAVI Protocol +84.9%
Jupiter +74.2%
Haedal Protocol +73.7%
Aptin Finance +65.4%
Tokan Exchange +61.3%
Lulo +57.4%

🔽 Over $1.05 Trillion Wiped Out of the US Stock Market Today

BTC's total market cap is $1.1 Trillion, meaning the $1.05 Trillion wiped out from the stock market is almost the same as BTC's entire market cap wiped out in just 1 day. 👀

💵💵💵 Top 10 Price Gainers of This Summer

GIGA +525.9%
SUN +198.5%
HNT +77.6%
BDX +61.7%
RARE +45.9%
POPCAT +42.6%
TRON +40.2%
ALPH +36.2%
BNX +28.6%
AAVE +25.1%