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.
Coinbase’s AI agents have completed the first AI-to-AI cryptocurrency transaction using $USDC. This milestone highlights AI’s capability to independently perform financial tasks, potentially transforming the AI and crypto sectors with new efficiencies and opportunities.
Vitalik Buterin denies selling $ETH, attributing his declining holdings to other reasons. He asserts he hasn’t sold ETH for personal profit since 2018, with sales aimed at supporting projects. Holdings have dropped from 325K ETH to $606.65M.
Crypto sector attracts over $184M in investments across 29 projects last week. Bridge leads with $58M for stablecoin platform, while Edge Matrix Chain and Space and Time secure $20M each for AI-integrated blockchain initiatives. @Sequoia @ParaFiCapital @Lemniscap
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.
CYBRO launches AI app on Blast Blockchain to optimize crypto investments, featuring AIBroker chatbot, one-click investments, and yield farming aggregator. CYBRO token offers reduced fees, cashback, and insurance. Security audited by Assure DeFi and Certik.
Elon Musk plans to re-enable $DOGE payments for Tesla merchandise, with potential future expansion to Tesla vehicles. A judge dismissed the Dogecoin manipulation case against Musk, leading to a 1% price surge and 21% trading volume increase.
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.
SEC’s crypto scam alert on X faces backlash from $XRP lawyer Fred Rispoli, who accuses the agency of misleading investors. Rispoli requests a review via X community notes, highlighting ongoing legal tensions with major crypto firms.
Ethereum Foundation allocates $8.4M in crypto grants in Q2 2024. Focus areas include community education, cryptography, and staking. Community scrutiny rises as EF’s budget jumps from $41M in 2021 to $100M in 2024.
Ethereum Foundation allocates $8.5M to 98 projects for Q2 2024, focusing on community & education, cryptography, and developer tools. Vitalik Buterin praises transparency amid scrutiny over financial moves, highlighting a $20M investment in 2023.
U.S. cryptocurrency ETFs faced major outflows on August 29, 2024, totaling $73.5M. $BTC ETFs led with $71.7M outflows, including $31.1M from Fidelity. $ETH ETFs saw a $1.77M loss, with Grayscale’s $5.4M outflow.
Jupiter Exchange cuts borrowing fees for $SOL, $BTC, and $ETH from 0.01% to 0.008% per hour, boosting $SOL pool activity from 30% to 50%. The move aligns borrowing costs with Binance rates, potentially revitalizing market activity amidst a bearish trend.
