Bitcoin Mining Difficulty Up 3%
Bitcoin mining difficulty increased by 2.99% to 89.47 T on August 28, 2024, with the hash rate rising to 743.28 EH/s. Next adjustment expected on September 11, 2024, could signal further trends. $BTC #cryptocurrency
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ELFi Protocol Launches DOGS Subsidies
ELFi Protocol launches a 50,000 USDC liquidation subsidy program, new trading contracts on DOGS token and TrumpWin, and a 100,000 USDC prize campaign for ELFi NFT holders. Innovative zero-risk stablecoin liquidity pools and re-collateralized LSD pools added.
CEO Stabbed Amid Haru Invest Fraud
Haru Invest CEO Hugo Hyunsoo Lee was stabbed in a South Korean court amid allegations of embezzling $826M from 1600+ clients. The incident underscores the urgent need for enhanced security and transparency in the crypto industry. @HaruInvest
French Warrant Issued for Nikolai Durov
French authorities issued arrest warrants for Telegram co-founders Pavel and Nikolai Durov over non-cooperation in a child abuse probe. Pavel was detained on Aug 24, 2024, facing up to 20 years if convicted. Public support has surged.
TRON Blockchain: Seven Years Seamless Operation
TRON Blockchain celebrates 7 years of uninterrupted operation. With over $8.3B Total Value Locked (TVL), recent innovations include a meme coin platform and fee-free stablecoin transfers. This milestone highlights TRON’s reliability and growing influence in the blockchain space.
Arthur Hayes Sugar High Essay Insights
Arthur Hayes warns rapid yen appreciation could spark global market downturn. Fed’s rate cuts may boost liquidity but disrupt carry trades, affecting financial and cryptocurrency markets. Central banks face pressure amid labor market revisions.
Solana Workshops: Kumeka Preps Hackathon
Solana Radar Hackathon (Sep 2-Oct 8, 2024) offers a $600K prize pool. Kumeka Team’s workshops start Aug 28 to boost Web3 skills. Top 15 teams get $250K pre-seed funding and join Colosseum’s accelerator program.
Web3: Lemniscap Secures $70M Funding
Lemniscap secures $70M to fund early-stage Web3 projects, focusing on zero-knowledge proof tech and DePIN. Averaging $1M-$2M per investment, the fund, backed by @AccoladePartners, aims to drive innovation in the blockchain ecosystem.
NFTs Threatened: SEC Warns OpenSea
OpenSea ($OPSE) faces potential SEC lawsuit over NFT classification as securities. CEO Devin Finzer disputes this, emphasizing NFTs as creative assets. OpenSea sets aside $5M to support NFT creators amid rising regulatory challenges.
Web3 Event: Join 20000 at TOKEN2049
TOKEN2049 in Singapore on Sep 18-19 will gather 20,000 attendees from 150+ countries. Hear from 200+ speakers like Arthur Hayes and Richard Teng, explore 500+ VR and AI activities, and witness a Web3 startup competition.
AI Tokens Slide Ahead of Nvidia Report
AI tokens slump 5% as $NVDA stock surges to $128.3 ahead of earnings report. Broader crypto market dips, with Bitcoin and Ethereum down 6% and 10%, respectively. Market cap for AI tokens now at $23.9 billion, a 6% decrease.
Bitcoin 2024 Conference: Future in Antwerp
Future of Bitcoin 2024 Conference in Antwerp: Key figures like @TuurDemeester and @lopp to speak. With panels, workshops, and networking, this pivotal event on Oct 5, 2024, aims to boost Belgium’s crypto industry, despite lacking local exchanges.
Ethereum Foundation Sells 239,000 ETH
Ethereum Foundation strategically sold 239,000 $ETH ($589.1M) since Jan 2021, timed during price peaks. Last major sale of 35,000 $ETH ($86.2M) was on Aug 23, 2024. Current holdings: 273,542 $ETH ($674.2M). Market impact ongoing.
Petition for Pavel Durov Hits 2M+
Massive support for Telegram’s Pavel Durov after controversial arrest: Over 2M signatures demand his release, citing freedom of expression. High-profile figures like @elonmusk and @VitalikButerin back Durov. Calls for intervention from EU, UN intensify.