General category for all types of news related to the cryptocurrency world.
Crypto ETFs dominate U.S. market in 2024, comprising over half of new ETF launches. Spot Bitcoin ETFs lead with $2B YTD flows. Notable funds include Franklin Templeton’s $EZBC and Fidelity’s $FETH. $IBIT sees $210M inflows amid market outflows.
August 2024 saw $313.86M in crypto losses: $293.4M from phishing, $12M from Ronin Bridge hack, and $1.2B total for the year. @KMbappe’s social media was hijacked to promote a scam. @chainalysis reports a rise in simpler scams like “pig butchering”.
Crypto investors show a 50% preference for Donald Trump over Kamala Harris (38%) in the 2024 election, while non-crypto investors favor Harris (53%) over Trump (41%). This highlights the growing political influence of the cryptocurrency sector.
Singapore leads global crypto adoption with a score of 45.7, driven by innovation and supportive regulations. Hong Kong (42.1) and UAE (41.8) follow. No CIS countries in the top 20, highlighting regional disparities.
Upcoming token unlocks: $SUI ($51.60M on Sep 1), $IMX ($47.41M on Sep 6), $MODE ($6.45M on Sep 6), and $TAIKO (12M tokens on Sep 5) may cause market volatility. Traders should exercise caution.
Justin Sun announces that 100% of $SUN token revenue will go to token burns, leading to an 8% price increase to $0.0362. He also offers to buy $SUN at $0.03 from detractors, showing strong confidence in the token’s future.
CoinEx has launched a detailed CET token information page, revealing its total issuance, economic model, and buyback/burn activities. CET holders benefit from fee discounts and early access to products, showcasing its integration in the CoinEx ecosystem.
The Brazilian Supreme Court suspends social network X (formerly Twitter) for failing to remove disinformation, enforcing daily fines of $9,000 and freezing financial accounts linked to Elon Musk’s companies. Musk condemns the move, igniting global debate over content regulation.
Law firms have secured $751M in fees from cryptocurrency bankruptcies since 2022, with Sullivan & Cromwell leading at $215M from FTX cases. Kirkland & Ellis, White & Case, and Cleary Gottlieb follow with significant earnings. Fees continue to accrue.
OpenAI’s ChatGPT hits 200M weekly users, with 92% of Fortune 500 companies onboard. Significant growth in healthcare and education sectors. Apple to integrate ChatGPT into iPhones by May 2024, enhancing personalized user experiences.
U.S. House Financial Services Committee to hold key hearings on crypto regulation, DeFi, and pig butchering scams in September 2024. SEC Chairman Gary Gensler and other agency representatives to testify. Legislation on digital assets expected by year-end.
USDC surpasses $16 trillion in volume, driven by Solana’s market share. $USDC now holds 50% of stablecoin transaction volume, with $8.29 trillion moving on Solana, eclipsing $USDT on TRON.
Australia’s crypto ATM count surged from 73 in 2022 to 1,162 in 2024, ranking third globally behind the USA and Canada. This growth underscores the country’s robust crypto infrastructure and rising acceptance. More details on @HodlPress.
WhoMadeWho and Da Capo headline AFTER 2049 at Marina Bay Sands on September 20, capping off the TOKEN2049 conference. Held on the 57th floor, the event features stunning views and an open bar. Tickets sold out, with more available September 12.
