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Crypto exchange @BingXOfficial has launched BingX Labs to fund and support crypto startups with technical help and strategic consulting. This move aims to boost Web3 innovation amid bullish market sentiment and increased institutional investments. #CryptoNews #Update
After the US Fed meeting, Bitcoin faced selling pressure as Jerome Powell kept rates at 5.25%, hinting at a September cut. Altcoin whales, including Ethereum, are buying dips, anticipating a rally. #Update #Crypto $BTC $ETH
Futu Securities International, Hong Kong’s largest online broker, now offers retail crypto trading for Bitcoin ($BTC) and Ethereum ($ETH). The move supports Hong Kong’s goal to be a virtual asset hub. Incentives include Bitcoin and shares in Alibaba. #Update
Futu Securities, Hong Kong’s largest online brokerage, has launched retail crypto trading for Bitcoin and Ethereum, offering incentives like Bitcoin and shares of Alibaba and Nvidia to attract new investors.
Crypto exchange BingX has launched BingX Labs, an investment arm to fund digital asset startups, offering technical, strategic, and market-making services to enhance user experience and foster blockchain innovation.
After the US Fed meeting, Bitcoin and altcoins sold off. Altcoin whales and Ethereum investors are accumulating, anticipating a rally from a potential rate cut in September. Sideways consolidation is expected until then.
VanEck’s Matthew Sigel hints Solana ETFs may debut on Wall Street soon, contrasting BlackRock’s caution. Analysts predict Solana’s price could hit $200 by year-end, but US elections might delay approvals. #Crypto #ETFs #Update
South Korea’s Virtual Asset User Protection Act imposes supervisory fees on crypto exchanges Upbit, Bithumb, and Coinone, totaling 300 million won ($220,000) based on operating income, starting next year. Coinone and GOPAX face financial challenges.
The Phoenix-1 blockchain was hacked due to an outdated IBC-go version. Terra Classic remained secure after a major upgrade by Genuine Labs, highlighting the importance of timely updates and minimizing forks for better security.
Donald Trump, in his 2024 campaign, launched Bitcoin Sneakers, available in “Bitcoin orange” and “luxurious black.” This move underscores his pro-crypto stance and promise to create a national Bitcoin reserve if elected.
Gary Cardone donated 12.8 Bitcoin ($850K) to Donald Trump’s campaign, highlighting Bitcoin’s role in freedom. This follows a push for clearer crypto regulations amid rising adoption and SEC lawsuits. #Bitcoin #CryptoNews
Elixir Network launched deUSD, a decentralized synthetic stablecoin with $1B liquidity, minted by stETH and sDAI. It integrates with DEXs to boost yields and aims for $300M TVL in the Apothecary program.
The Bahamas enacted the DARE Act 2024, enhancing crypto regulations with stricter exchange requirements and a staking framework. FTX Digital Markets Ltd. allows customers to choose liquidation proceedings by August 16. #Crypto #Update
Icebreaker, founded by ex-Coinbase and Google staff, raises $5M to build a web3 professional network, valued at $21M. Co-founders Dan Stone and Jack Dille advocate for public digital identities to enhance trust and reduce fakes.
