Pepe Coin Whale Dumps 330B PEPE
Major $PEPE whale sells 330B coins for $2.53M, sparking community debate. The investor, who still holds 1T $PEPE valued at $7.57M, has incurred $3M in losses. Market downturns cited as a primary reason for sell-off.
Markets
Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Payment Platform Secures $58M Funding
Bridge secures $58M from Sequoia Capital and Ribbit Capital to revolutionize stablecoin payments. Aiming to rival credit cards and Swift, the platform partners with SpaceX and Stellar, expanding globally with licenses in 48 U.S. states and Dubai.
Crypto Mining: TeraWulf Unveils New Data Center
TeraWulf ($WULF) unveils a 2 MW Bitcoin mining facility using advanced liquid cooling technology and plans to expand to a 20 MW facility by 2024. They are exploring partnerships with @Apple and @Microsoft, eyeing $14 billion in AI sector opportunities.
Quai Network Secures $5M Funding
Quai Network raises $5M to enhance blockchain scalability and user acquisition, totaling $15M in investment. Funds will expand the team and boost user initiatives, using its Proof-of-Entropy-Minima consensus mechanism to reach 50,000 TPS.
Ethereum ETF Inflows, Bitcoin ETF Outflows
Ethereum ETFs attract $5.84M inflows as $BTC ETFs see $105.19M outflows on Aug 28, 2024. Hong Kong market shows no movements in both. Shifting investor sentiment may favor Ethereum’s DeFi and smart contract potential. @Ethereum @Bitcoin
OpenAI Secures $100B Valuation Funding
OpenAI eyes $100B valuation with new funding. Thrive Capital and @Microsoft lead the round, marking the largest since Microsoft’s $10B in early 2023. OpenAI plans GPT-4.0 customization update, fueling its influence in AI and crypto markets.
Cardano Founder Charles Hoskinson’s Latest Venture
Cardano founder Charles Hoskinson has been inactive on social media for four days, prompting concern in the crypto community. Meme token $HOSKY users amplify the issue. $ADA holders anticipate potential bullish moves if Hoskinson returns with updates.
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.
Bitcoin Crash: Today’s Crypto Market Plunge
Bitcoin’s selloff in Asia drops $BTC below $58,000, triggering $320M in liquidations. Market cap falls to $2.06T amid macro uncertainties. Binance denies asset seizure claims. Watch for potential rebound if Bitcoin surpasses $63,000.
Bitcoin Hedge Fund: $200M Launch by Hilbert, Xapo
Hilbert Group partners with @XapoBank to launch a $200M Bitcoin hedge fund in September 2024. Investors can earn Bitcoin returns through structured credit deals. Fees: 2% management, 20% performance. This signals growing institutional interest in cryptocurrency.
Investment: Space and Time Secures $20M
Space and Time secures $20M in Series A funding, bringing total investments to $50M. Leading investors include Framework Ventures and Lightspeed Faction. The company aims to merge AI and blockchain for better data transparency and verification, emphasizes CEO Nate Holiday.
RWA Funds Capitalization Hits $2 Billion
Tokenized Treasury Funds’ market cap doubled to $2.03B in five months, with TVL hitting $11.67B by Aug 27. $BLK’s USD Institutional Digital Liquidity Fund ($BUIDL) drove growth with $503M in assets in six weeks. @Franklin Templeton also saw gains.
Bitcoin ETF Inflows Surge to $224M
BlackRock’s $IBIT ETF inflows hit $224M, driving Bitcoin’s price to $70K. Other ETFs like Franklin Templeton’s EZBC saw moderate gains, while Fidelity’s FBTC faced outflows. Hong Kong’s Bitcoin ETF AUM surged to $2.2B, boosting sentiment.
Crypto Trader Scores 400% Profit Despite Dip
Crypto trader achieves 400% profit by early $DOGS trading on DEXs before CEX listings. Initial $18.4k investment in 55.9M tokens grew to $77.3k. @Binance @OKX @gate_io @Bybit listings drove a 3% price hike.