Pantera Capital spent over $100 million to buy TON at a 40% discount
According to Bloomberg, venture capital funds that invested in Toncoin are now considering if France's actions against Pavel Durov might lead to users leaving Telegram. 🇫🇷📉
An anonymous source revealed that Pantera Capital spent over $100 million to buy TON at a 40% discount, which means they likely purchased TON at around $2.5, and this investment remains profitable. 💵💹
The TON tokens acquired by Pantera have a one-year lock-up period, after which they can gradually sell TON. 🔒⏳ On May 2, Pantera Capital announced this as their largest investment in the Telegram TON blockchain, with estimates suggesting it could be around $250 million. 📈📊
Meanwhile, the TON Foundation stated that they have never raised funds. Other investors like Animoca Brands and Mirana Ventures declined to comment on their investments. 📧🤔
#MantaNetwork Manta Network Strengthens Position in Indonesia with Zero-Knowledge Technology at Coinfest Asia 2024
Manta Network has successfully stolen the attention of the Indonesian crypto community with the implementation of zero-knowledge technology at Coinfest Asia 2024 in Bali. At the event which took place on August 22-23, Manta appeared as the main sponsor, speaker, and optimized its presence by placing advertisements in various strategic locations.
Victor Ji, Co-founder of Manta Network, emphasized the importance of the role of the community in the development of Manta. "We don't just focus on technology, but also on user experience and community," he said in an interview with Coinvestasi. Ji saw that the Indonesian crypto community really cares about product quality, in line with Manta's vision.
In addition to focusing on the community, Manta Network also revealed strategic collaborations with large financial institutions such as BlackRock, which aim to encourage mass adoption of blockchain technology.
Manta Network itself is known as a multi-modular ecosystem that uses zero-knowledge technology to maintain data privacy, with two main networks: Manta Pacific on Ethereum and Manta Atlantic on Polkadot. With its presence in Indonesia, Manta Network is increasingly optimistic about its future in the local market. $MANTA
Bitcoin ETF experienced an outflow of US$81.4 million on Wednesday (08/14). Even so, BlackRock's ETF is still the one with the largest inflow and surpasses Grayscale's. Based on total assets under management, IBIT recorded US$22.0 billion and GBTC US$20.7 billion. #BTC $BTC
Bitcoin City, an independent city initiated by El Salvador President Nayib Bukele, seems to be a reality in the future. According to various sources, there are currently large investors who have invested their capital there.
Yilport Holdings, a terminal and port operator from Turkey, is the company in question and has an investment commitment value of US$1.6 billion or Rp25 trillion. Later, the funds will be used to build a port in Bitcoin City.
This funding makes Bukele's ambitious plan looming. Later, Yilport will collaborate with port managers in La Union and Acajutla, two El Salvador cities that face the Pacific Ocean.
The FBI and the Mystery of Satoshi Nakamoto: Will the Identity of Bitcoin’s Creator Ever Be Revealed?
The United States Federal Bureau of Investigation (FBI) recently responded to a Freedom of Information Act (FOIA) request filed by Dave Troy, a tech entrepreneur and investigative journalist, for information about Satoshi Nakamoto, the mysterious figure behind Bitcoin’s creation. Interestingly, the FBI issued a Glomar response, meaning they “neither confirm nor deny” the existence of information related to Satoshi.
Troy plans to appeal this response and notes that the FBI may have a lead that Satoshi is a “third party individual.” While Satoshi Nakamoto’s true identity remains one of the biggest mysteries in the crypto world, theories and speculation continue to emerge, with some suggesting that the CIA may have been involved in Bitcoin’s creation.
In the meantime, several individuals have claimed to be Satoshi, including Australian computer scientist Craig Wright, although he later denied this. Hal Finney, a cyberpunk legend and recipient of the first Bitcoin transaction, is often considered the most likely candidate, but he died in 2014.
To this day, Satoshi Nakamoto’s identity remains a mystery, and efforts to uncover it continue. Will the mystery ever be solved? Only time will tell.
📊 TON Weekly Overview: Market Stats & Fresh News 🚀
Ready for a quick dive into the latest TON updates? From this week’s market trends to breaking news from the last 24 hours, we’ve got you covered! Let’s explore what’s been happening in the TON ecosystem and why it’s got everyone talking. 🚀 #TONCOIN/USDT $TON
Crypto startups are starting to attract the attention of venture capital investors who are pouring in US$2.7 billion or Rp43.1 trillion. The figure is from the second quarter of this year and shows a 2.5% increase from the first quarter even though the market is slowing down.
It is known that the increase in venture capital funds in the second quarter was because crypto venture fund founders were focusing on infrastructure projects such as new blockchains.
"Although still far below the highest level in 2021, crypto venture fund investment peaked in March and April 2024. Then the venture fund market slowed down again in late April and early May," said Dragonfly crypto venture fund general partner Rob Hadick.
What are you preparing/doing to face the market which will become increasingly difficult to predict over time due to the use of AI in executing massive markets by big players?
BitGo, a cryptocurrency custody platform, plans to expand its Wrapped Bitcoin (WBTC) business to cross-jurisdiction and cross-institution. The program is a collaboration with BiT Global.
Amid the heat of the US election, a token known as Restore the Republic (RTR) recently appeared on the Solana blockchain. The currency, which is rumored to be connected to the family of Presidential Candidate Donald Trump, has defrauded investors and caused $155 billion to disappear.
Former President Donald Trump's campaign has said that some of their communications had been hacked.
The campaign blamed 'foreign sources hostile to the United States' and cited a Microsoft report on Friday that Iranian hackers attempted to hack a high-ranking official of a presidential campaign.
Here are my 10 reasons for why I remain bullish on $RENDER R for not just this cycle...
But for the long term future of Web3 too.
1⃣Caters to both Web2 & Web3 2⃣Backed by 4 largest companies 3⃣Touches DePIN/AI/Gaming & more 4⃣World class team & advisory 5⃣Super easy to understand utility 6⃣RENDER essential to platform 7⃣Industry demand for GPUs 8⃣AI starting to use GPUs for training 9⃣Partners with major media names 🔟Growing community & ecosystem
There's a lot of options out there for DePIN projects, but personally I think Render gives the safest risk reward.
Again, not just for the short term
This is one of few projects in this space that has such a fine blend of established Web2 connections paired with Web3 innovation and decentralization.
From originating via OTOY to where they're at now.
Render's come a LONG way but they've got much more building for years to come. #RNDRUSDT
Japan is the epicenter for hundreds, even thousands of animation titles, or known as anime, from various genres that are world-famous. Starting from Your Name, Attack on Titan, Pokemon, Dragon Ball, Totoro, Haikyu!! to One Piece.
Japan Financial Services Agency Commissioner Hideki Ito is skeptical about Bitcoin ETFs being an investment instrument. The reason is, it is considered inconsistent with the Japanese view of stability and long-term vision.