BET surpasses Polymarket with $20M daily trading volume on Aug 29, 2024. BET’s volume skyrocketed from $3.2M to $23.3M in a day, reflecting increased user confidence. Launched on Aug 19, 2024, BET’s integrated farming mechanism fuels rapid growth.
$CHESS surges 41% after @Binance lists CHESS/USDT perpetual contracts with up to 75x leverage. Other exchanges like BingX follow suit, boosting optimism. However, RSI indicates potential overbought conditions, suggesting a possible price correction ahead.
Ripple burns 185 RLUSD tokens to manage stablecoin supply, following minting on XRP Ledger and Ethereum. RLUSD, pegged 1:1 to USD, ensures stability. XRP price at $0.5731 shows upward potential. Ripple’s move highlights blockchain interoperability.
Indonesia may ban $TELEGRAM due to online gambling and pornography concerns. Founder @durov faces legal issues in France. Minister @budiariesetiadi highlights repeated requests for better content moderation. A ban could significantly reduce Telegram’s user base in Indonesia.
? Binance CEO Richard Teng debunks allegations of freezing all Palestinian user funds. Only accounts linked to illicit activities were blocked. Binance follows international anti-money laundering laws to ensure compliance and remains committed to user education and regional peace. $BNB @cz_binance
Bitcoin mining difficulty increased by 2.99% to 89.47 T on August 28, 2024, with the hash rate rising to 743.28 EH/s. Next adjustment expected on September 11, 2024, could signal further trends. $BTC #cryptocurrency
ELFi Protocol launches a 50,000 USDC liquidation subsidy program, new trading contracts on DOGS token and TrumpWin, and a 100,000 USDC prize campaign for ELFi NFT holders. Innovative zero-risk stablecoin liquidity pools and re-collateralized LSD pools added.
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.
Haru Invest CEO Hugo Hyunsoo Lee was stabbed in a South Korean court amid allegations of embezzling $826M from 1600+ clients. The incident underscores the urgent need for enhanced security and transparency in the crypto industry. @HaruInvest
French authorities issued arrest warrants for Telegram co-founders Pavel and Nikolai Durov over non-cooperation in a child abuse probe. Pavel was detained on Aug 24, 2024, facing up to 20 years if convicted. Public support has surged.
TRON Blockchain celebrates 7 years of uninterrupted operation. With over $8.3B Total Value Locked (TVL), recent innovations include a meme coin platform and fee-free stablecoin transfers. This milestone highlights TRON’s reliability and growing influence in the blockchain space.
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.
Arthur Hayes warns rapid yen appreciation could spark global market downturn. Fed’s rate cuts may boost liquidity but disrupt carry trades, affecting financial and cryptocurrency markets. Central banks face pressure amid labor market revisions.
Solana Radar Hackathon (Sep 2-Oct 8, 2024) offers a $600K prize pool. Kumeka Team’s workshops start Aug 28 to boost Web3 skills. Top 15 teams get $250K pre-seed funding and join Colosseum’s accelerator program.
