65% of Ukrainians see cryptocurrencies as key to future economic growth, with 70% using crypto for international transfers. Over 50% report improved financial discipline, highlighting crypto’s broader impact. $BTC $ETH @Binance @Ukraine
Polygon processes 579.97B gas units daily at just $65.48K, outpacing BNB Mainnet and Ethereum in cost-efficiency. As DeFi grows, Polygon’s scalable solution attracts users seeking low-cost transactions.
Coinbase will migrate $MATIC tokens to $POL starting Aug. 26. Trading for both tokens begins Sept. 4. $MATIC transactions paused Aug. 26-Sept. 10. $MATIC staking rewards continue during migration. $POL enhances Polygon’s network efficiency.
India’s DEA to release a key consultation paper on crypto regulation in Sep-Oct 2024, seeking public feedback to align with G20 efforts. Finance Minister stresses need for global cooperation and local tailoring.
An anonymous Bitcoin whale transferred 142.59 BTC ($8.45M) after 11 years of dormancy. The original acquisition was in 2013 when BTC was ~$550. Transaction fee: $0.68. Current BTC value: ~$61,000.
Kamala Harris faces backlash over support for Biden’s 44.6% capital gains tax and 25% tax on unrealized gains, with crypto leaders questioning her pro-crypto stance. Critics argue the policies harm U.S. businesses and innovation. #Economy #Crypto
Ex-FTX Bahamas CEO Ryan Salame seeks to revoke his guilty plea, alleging prosecutors breached their agreement by continuing to investigate his partner, Michelle Bond. Salame, sentenced to 7.5 years and fined $11M, claims coercion. $FTX #CryptoNews
Justin Sun withdrew 12,000 BTC ($730M) from USDD reserves without TRON DAO approval, raising transparency concerns. The reserve now holds mostly TRX and USDT, shifting away from Bitcoin. This move questions USDD’s governance and reliability.
Kamala Harris endorses pro-crypto policies, sparking contrast with Biden’s tougher stance. As DNC faces backlash for omitting crypto, Harris aims to foster industry growth and innovation, potentially making the U.S. a more attractive destination for crypto investments.
Mercado Pago, a subsidiary of @MercadoLibre, launches MELI Dollar, a US Dollar stablecoin, for Brazilian users. The stablecoin can be bought and sold with no fees via the Mercado Pago app, offering financial stability amid economic volatility.
Spot $ETH ETFs see $2B inflows in four weeks, per @ETFStore. Global ETF flows hit $911B YTD, with $17B from US-traded spot crypto ETFs. Ethereum underperforms, down 40% in a month amid major sell-offs.
McDonald’s Instagram was hacked to promote $SOL-based meme coin GRIMACE, causing a temporary price spike. The hacker allegedly profited $700,000 before accounts were restored. McDonald’s Marketing Director’s X account also appeared compromised.
McDonald’s Instagram was hacked to promote the scam memecoin $GRIMACE, leading to a $25M market cap within two hours before crashing by 95%. Hackers stole $700K from investors, underscoring the risks in the memecoin frenzy on Solana.
Institutional Bitcoin ETF investors surged 14% in Q2 2024, with assets under management rising to $11 billion, per @BitwiseInvest. Notably, Goldman Sachs invested $418M in spot Bitcoin ETFs, highlighting growing mainstream financial interest. $BTC
