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We're now more prepared! Let's keep building  #Bitcoin  #CryptoFam 

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Here are the most important #CryptoNews today, august 8: 1. Russian President Vladimir Putin signed a bill officially legalizing cryptocurrency mining. 2. The Deputy Governor of the #BOJ downplayed the chances of another rate hike in the short term. 3. A U.S. district judge ruled that Ripple's $XRP violated securities laws in 1,278 institutional sales transactions and imposed a $125 million fine. 4. On August 7, the total net inflow to Spot Bitcoin ETFs ($BTC) was $45.13 million. 5. The U.S. Democratic Party launched the "Crypto for Harris" campaign, whose supporters include Mark Cuban, the founder of SkyBridge Capital, etc. 6. According to Bloomberg, MicroStrategy founder Michael Saylor has personally accumulated around $1 billion in cryptocurrencies.

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The most important #CryptoNews today 6 of August: 1. According to PeckShield, the Ronin game blockchain has been hacked. 2. Binance has challenged a tax fine notice of nearly $86 million issued by India's tax department. 3. Binance CEO Richard Teng stated that DeFiLlama showed #Binance had a net inflow of $1.2 billion in the last 24 hours. 4. Donald Trump: "Cryptocurrencies are a very modern currency". He compared them to #AI, arguing that if the U.S does not actively participate, China and other countries will dominate. 5. Markets remain turbulent until the Fed and BoJ policies are clarified. BoJ Deputy Governor Uchida is expected to give key updates on Wednesday. 6. On August 5th, the total net inflow into Ethereum Spot ETFs was $48.72 million, while Bitcoin saw an outflow of $168 million. $BTC $ETH

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Why did the Global Markets collapse? 1. Interest Rate Hike by Bank of Japan #BOJ: - The BOJ raised interest rates by 0.25%, the second time since 2007. This ended the era of cheap loans in yen. 2. What is the Yen Carry Trade? - Investors borrowed yen at low rates, converted it to other currencies, and invested it for profit. 3. Impact of the Rate Hike: - The higher interest rates make these loans expensive. - Investors now face "margin calls," forcing them to sell off investments to repay loans, causing market crashes. $BTC $ETH $SOL

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Most important #CryptoNews of today 1. Tether Holdings Limited ($USDT) released its Q2 2024 audit report, achieving a record net profit of $5.2 billion. 2. The Federal Reserve has announced that it will keep the interest rate between 5.25% and 5.5%, in line with market expectations. 3. Vitalik gave a speech on the next ten years of Ethereum at EDCON2024, saying that the focus will be on creating applications. 4. Token unlocks in August exceeding $10 million are led by DYDX, SUI, ZETA, GAL, W, IMX, XAI, APT, SAND, STARK, ARB, APE, ROSE, PIXEL, AVAX, and OP. 5. The modular blockchain project Elixir has announced the launch of a synthetic USD asset called deUSD. 6. Mt.Gox addresses transferred 33,960 $BTC (worth $2.25 billion). 7. The Ethereum Spot ETF had a net inflow of $33.66 million yesterday. 8. On July 30, the total net outflow of the Bitcoin Spot ETF was $18.30 million USD.

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💰 Tether, the issuer of the $USDT stablecoin, reported record profits of $5.2 billion in the first half of 2024 and achieved an all-time high in U.S. government bond reserves. 📈

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