Mt. Gox Trustee transfers $2.25B in Bitcoin to BitGo, part of a $9B creditor repayment plan. With previous transfers to Kraken and Bitstamp, Mt. Gox now holds $3B in Bitcoin. About 17,000 of 20,000 creditors reportedly paid. #CryptoNews
The 99Bitcoins token presale ends in 6 days, raising $2.5M. The unique Learn-to-Earn model rewards users for crypto learning. Analyst Jacob Bury predicts a 10x price increase post-launch. #Update #CryptoNews $99BTC
GMX’s proposal to switch revenue distribution from $ETH to $GMX is now in on-chain voting, ending August 4. If approved, users can convert GMX to ETH, aiming to boost token value. A portion of fees will buy back GMX. #Update
Tether (@Tether_to) reports record $5.2B profit in H1 2024, with $1.3B in Q2, driven by investments in U.S. Treasuries. $USDT’s market cap hits $114B. Regulatory scrutiny continues as @Circle secures Europe’s first stablecoin license. #CryptoNews
Ki Young Ju, CEO of @cryptoquant_com, reports a surge in limit buy orders for altcoins, signaling a potential rally. Whales are establishing strong buy walls for altcoins like $LTC, indicating bullish market sentiment. #Crypto #Update
Ripple invests $10M in tokenized U.S. Treasury bills on XRP Ledger with Asia’s @OpenEden. This first-of-its-kind move allows XRP holders to access short-term U.S. government debt. Users can mint TBILLs using stablecoins. #CryptoNews
Polyhedra Network’s Proof Cloud, launched at Google ZK Summit, aims to make zero-knowledge proofs accessible in web2 & web3. Supported by @googlecloud, $MATIC, Linea, & Lita, it promises to cut computational costs by up to 90%. #Update
Aave’s V3.1 launch triggers whale activity, with $6.47M in AAVE tokens withdrawn from exchanges, driving a 7% price surge in 24 hours. Largest withdrawal: 11,185 AAVE ($1.23M) from Binance. $AAVE now at $111. #Update #DeFi
Hong Kong’s largest online broker, Futu Securities International, launches crypto trading for retail investors, offering incentives like Alibaba and Nvidia shares. Now trading $BTC and $ETH, this move supports Hong Kong’s crypto hub goal. #Update
Worldcoin faces insider trading and market manipulation allegations. With only 2.7% of $WLD tokens in circulation and a $22.4B fully diluted market cap, concerns over token dilution rise. Regulatory bans persist due to biometric data issues. #CryptoNews
Tron ($TRX) and Dogwifhat holders join Raboo’s competition for 60,000 tokens. Tron hits $0.14 resistance due to whale activity. Dogwifhat spikes 50%, reaching $2.8B market cap. Raboo’s AI-backed memecoin presale offers 20% bonus. #CryptoNews
Bitcoin ($BTC) is seen as a solution to hyper-financialization, preventing wealth concentration and serving as a hedge against inflation. With its fixed supply and decentralization, BTC supports DeFi innovations and could overtake Ethereum. #Update
.@BIS_org and @bankofengland launch Project Pyxtrial to monitor stablecoin reserves, offering real-time data on liabilities and assets. This initiative aims to enhance regulatory oversight and secure the digital asset market. #Stablecoin #Update
? In July 2024, the crypto sector lost $266M to attacks, a 51% increase from June. Major breaches: $230M at @WazirXIndia, $24M at Compound Finance, $9.73M at LI.FI, and $8M at Bittensor. #Cybersecurity #Update
