General category for all types of news related to the cryptocurrency world.
In August 2024, nearly $1B in crypto tokens will unlock, affecting SUI, W, APT, ARB, and AVAX. Major unlocks include 600M W ($180M) and 9.64M AVAX ($268M). Historical data suggests potential price declines due to increased selling pressure. #CryptoNews
Hamster Kombat’s token HMSTR will debut on OKX’s pre-market futures platform, allowing traders to engage with upcoming tokens before their official launch. The platform offers up to 2x leverage, enhancing liquidity and reducing fees, but comes with risks like lower liquidity and higher volatility.
Former Fed Vice Chair Roger W. Ferguson expects rate cuts in September due to slowing inflation and weak consumer sentiment. This could boost investments in Bitcoin and risky assets ahead of the U.S. elections. #Update #FinanceNews
The Bank of Russia warns of a 43% rise in Ponzi schemes, with over 3,490 entities reported in H1 2024. Many scams involve memecoins and tap-to-earn games, exploiting viral trends and low entry barriers. 59% accept crypto contributions.
President Biden proposed Supreme Court reforms: term limits, a binding ethics code, and a constitutional amendment, “No One Is Above the Law,” to challenge presidential immunity. This aims to restore trust and address recent controversies involving Justices Thomas and Alito.
BlackRock warns of a surge in scams using its name, urging users to be vigilant. Red flags include payment requests, guaranteed returns, and urgency. Official communications never use WhatsApp or Telegram. Verify authenticity and avoid sharing personal info. #ScamAlert
El Salvador has proposed using Bitcoin for trade with Russia to bypass sanctions, despite Russia’s ban on crypto as legal tender. This comes amid efforts to facilitate financial transactions between the two nations. #CryptoNews
XRP News: Pro-XRP lawyer John Deaton challenges Kamala Harris to demand SEC Chair Gary Gensler’s resignation, citing his harmful regulation-by-enforcement approach. XRP price rises to $0.608 amid renewed sentiment. This move could reshape crypto regulation and restore investor confidence.
Hong Kong politician Johnny Ng envisions Web3 and Bitcoin as pivotal to global financial innovation, likening Bitcoin to “digital gold.” He plans to discuss its reserve asset status, highlighting the need to accelerate Hong Kong’s Web3 ecosystem development to attract talent and maintain competitiveness.
U.S. Vice President Kamala Harris’ advisors engage with crypto firms Coinbase, Circle, and Ripple Labs to promote responsible business practices. This effort aims to balance regulation and innovation amid 2024 presidential campaign considerations. Former President Trump promises SEC leadership changes if elected.
Hong Kong politician Johnny Ng proposes a national Bitcoin reserve, inspired by Trump’s Bitcoin 2024 speech. Ng urges lawmakers to boost web3 industry development, positioning Hong Kong as a hub for technological innovation and financial resilience. #Bitcoin #Update
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
Centralized exchanges like Binance and Coinbase have risks, driving traders to decentralized exchanges (DEXs). DEXs enhance security with smart contracts but face liquidity and usability challenges. Platforms like Astrovault and QuickSwap aim to improve the user experience.
JasmyCoin (JASMY) surged 7% to $0.032, with a market cap of $1.5B, making it the 53rd largest crypto. Daily trading volume hit $224M, up 102%. Social activity increased sixfold, but RSI at 61 suggests overbought conditions. #CryptoNews
