Bitcoin Miner IREN Hits $184.1M Revenue
$IREN reports a record $184.1M revenue in 2024, a 144% increase. Plans to double computing power and expand AI cloud services. Commits to renewable energy for Bitcoin mining.
Ethereum ETFs Rebound: Positive Flows
Ethereum ETFs rebound with $5.9M inflow on Aug. 28 after nine-day decline. $ETHA leads with $8.4M, while $ETHE sees smallest outflow since July. $FETH adds $1.3M. Renewed investor confidence drives positive market sentiment.
Crypto ATM Crackdown: UK Man Charged
UK charges Habibur Rahman, an electronics store owner, in the first criminal case for illegal crypto ATM operation. Rahman allegedly laundered £300,000 ($395,000). This marks a significant regulatory shift as UK authorities intensify their crackdown on illegal crypto activities.
Ethereum Price Up 2 Percent Today
Ethereum ($ETH) rose 2% today. Key drivers: $5.9M inflow into US Spot Ethereum ETF, positive market sentiment from Bitcoin and altcoin gains, and robust Nvidia earnings. BlackRock’s ETF saw $8.4M inflow, highlighting strong institutional interest.
Crypto Scammer South Korea’s Plastic Surgery
South Korean police arrest a crypto scammer who defrauded 158 victims of $16M. The fraudster used plastic surgery and wigs to evade capture for nearly a year. Authorities tracked him using internet searches, phone call monitoring, and surveillance footage.
Cardano Chang Hard Fork Redefines Governance
Cardano’s Chang hard fork, starting Sept. 1, marks the final phase of the Voltaire era, enhancing decentralization. The upgrade enables full community control by $ADA holders and introduces advanced governance features, empowering decentralized representatives (DReps) in three months.
Ripple SEC Case: Secondary Sales Exempt
Judge Torres rules XRP tokens are not securities, failing the Howey test. Ex-SEC lawyer Marc Fagel notes programmatic XRP sales resemble secondary sales. SEC’s claims against Kraken and Binance dismissed, signaling clearer crypto regulations and market stability.
Crypto Mining: TeraWulf Unveils New Data Center
TeraWulf ($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.
Crypto Hacks Surge Past $1.2B in 2024
Crypto industry faces over $1.2B in losses from hacker attacks in 2024. August saw a 95% decrease from July, but key targets like $ETH and $BNB projects remain vulnerable. Immunefi paid $100M to ethical hackers, aiding mitigation.
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.
Solana Liquid Staking Teased by Binance Bybit
Binance and Bybit hinted at new Solana liquid staking products, “BNSOL” and “bbSol,” possibly in partnership with Sanctum. This move could significantly boost DeFi activities on Solana, where only 7% of staked $SOL is in liquid staking platforms.
Pig Butchering Scam Soars in 2024
Pig butchering scams are on the rise in 2024, with cybercriminals shifting to shorter, targeted attacks. The average scheme duration has dropped to 42 days, and organizations like KK Park reportedly earned $101.22M this year. Stay vigilant.
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
US Inflation Surge: Bitcoin, Ethereum Liquidations
US PCE inflation for July is forecasted to hit 2.6%, potentially leading the Fed to reconsider September rate cuts. This could put significant selling pressure on $BTC and $ETH, with billions in crypto options set to expire.