Discusses advancements, use cases, and technical aspects of blockchain technology, not limited to financial applications.
Tether CEO confirms no plans for a proprietary blockchain, will rely on Ethereum and Tron. $ETH holds 57% of TVL. Tether authorized 33B USDT, earning $5.2B profit in H1. Plans $1B investment in AI, mining, and data by 2024.
SatLayer raises $8M, led by @Hack_VC and @CastleIslandVC, to enhance Bitcoin’s ($BTC) security and scalability through Bitcoin Validated Services. Investments include OKX Ventures and Franklin Templeton. Initial $4M goal saw $16M interest.
Polygon processes 579.97B gas units daily at just $65.48K, outpacing BNB Mainnet and Ethereum in cost-efficiency. As DeFi grows, Polygon’s scalable solution attracts users seeking low-cost transactions.
Kamala Harris faces backlash over support for Biden’s 44.6% capital gains tax and 25% tax on unrealized gains, with crypto leaders questioning her pro-crypto stance. Critics argue the policies harm U.S. businesses and innovation. #Economy #Crypto
Story Protocol secures $80M in Series B funding led by @a16z to revolutionize IP management with blockchain. The $140M-funded project to release a public testnet next week, featuring IP registration via NFTs, aims to protect works from unauthorized AI use.
Cardano ($ADA) plans the Chang hard fork for Aug. 27, with Sept. 3 as a backup. The upgrade, featuring PlutusV3 for enhanced security and governance, sees 80% node adoption but only 34% exchange liquidity. #Crypto #Blockchain
Coinbase lists $ACX, boosting its price by 14%. Trading begins on August 21, 2024, pending liquidity conditions. Market cap hits $59.2M, daily volumes surge 49% to $650K, signaling strong interest in Across Protocol. #CryptoNews #Coinbase
Mantle rebrands its liquid staking protocol to mETH Protocol. With 500,000+ ETH staked since Nov 2023, $mETH is now the fourth-largest ETH liquid staking token. New assets $cmETH and $COOK introduced, positioning Mantle for growth in DeFi. #Ethereum
? Babylon launches Bitcoin Staking Mainnet on August 22, 2024, in three phases. Phase One allows staking up to 1000 BTC with no rewards; Phase Two introduces PoS network. 200+ partners, including @Allnodes and @GalaxyDigitalHQ, support the initiative. $BTC
Drift launches BET on the Solana blockchain, allowing users to stake over 30 cryptocurrencies like $USDC and $SOL while earning yield. BET features “structured bets” for hedging predictions and a rewards system called FUEL. #crypto #Solana
KIP Protocol raises $5M led by @animocabrands and Tribe Capital, totaling $10M in funding. Aims to decentralize AI in Web3, empowering developers with data ownership. Strategic partners include @googlecloud, Open Campus, and OKX Wallet. #AI #Blockchain #Web3
Nigeria to implement balanced crypto tax law in September 2024. The regulation aims to tax crypto companies and protect Nigeria’s financial system, while controversy with $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
IMF proposes 85% electricity tax on AI and crypto mining to curb emissions. These sectors use 2% of global electricity, potentially rising to 3.5%. Tax could generate $23.2B annually. ChatGPT uses 10x more power than Google Search. #Sustainability @IMF
Ethereum Layer 2 @Mantle introduces $FBTC, a 1:1 Bitcoin-pegged asset, enhancing Bitcoin’s DeFi utility. This launch boosts $MNT by 5%, driven by investor confidence in new yield opportunities through lending, staking, and liquidity provision. #CryptoNews
