US Fed Prepares For Rate Cut
“Former Fed Vice Chair Roger Ferguson predicts a September rate cut, citing slowing inflation and weak consumer sentiment. This move could drive investments into cryptocurrencies like $BTC. #Finance #Update”
Crypto Perp Contracts Major Listing News
“HashKey Global launches USDT-based perpetual contracts for $SOL, $DOGE, and $AVAX with 10x leverage. Contracts feature capped funding rates and are settled every 8 hours. Regulatory approval for $BTC and $ETH futures secured. #Crypto #Update”
Bitcoin Adoption: Metaplanet Joins Corporate Initiative
“Metaplanet joins Bitcoin For Corporations with $1B BTC investment, boosting stock and driving global Bitcoin adoption. Supported by MicroStrategy and Bitcoin Magazine, the initiative aims to educate corporate leaders. #Bitcoin $BTC #Update”
Ethereum ETF Risks with Coinbase Custodian
“VanEck’s Gabor Gurbacs warns of concentration risk with $COIN as custodian for most U.S. Ethereum ETFs. Suggests multi-custodian strategy for better investor protection. #CryptoSecurity #Update”
Tether Acquires $100M Bitdeer Shares
Tether invests $100M in Bitdeer shares, with an option for $50M more. Bitdeer’s stock surged 4% post-announcement. Funds will enhance sustainable Bitcoin mining infrastructure. #Crypto $USDT $BTDR #Update
Source: coingape.com
Crypto Bill Setback Warren’s Co-Author Withdraws
“Sen. Warren’s anti-crypto bill faces a setback as co-author Sen. Marshall withdraws support, reducing backing to 18 senators. Pro-crypto lawyer Deaton challenges Warren with $1M from Winklevoss twins. #CryptoRegulation #Update $BTC $ETH”
Crypto Exchange Monitoring Launches in Ukraine
Scanbit now offers offline crypto exchange rate monitoring in Ukraine, available since July 2024. Users can sort by rate, benefit, or trust rating, improving transparency and security in cash-based crypto purchases. #Update #CryptoNews
Ecosystem Upgrade Lures Developers to Base
“? $ETH Layer 2 network Base ups gas target to 10MGas/sec on July 30, boosting efficiency and developer attraction. TPS hits 50+ for the first time, signaling major scalability improvements. #Update #CryptoNews”
SHIB Burn Rate Surges 2600 Percent
“Shiba Inu Coin ($SHIB) burn rate skyrockets 2600%, burning 14.91M coins in 24hrs. Despite this, SHIB prices dipped 3%, trading at $0.00001539. Experts urge caution amid volatility. #Crypto #Update”
Ether ETF Hits $1.1B Volume Milestone
“Spot Ether ETFs launch with $1.1B trading volume, challenging Bitcoin’s dominance. BlackRock’s $ETHA leads with 25% of trades. Analysts predict strong growth as $ETH nears key resistance levels. #CryptoUpdate #Update”
XRP Lawyer Unveils Deal’s Major Hurdle
Ripple-SEC settlement faces major hurdles, says pro-XRP lawyer Bill Morgan. A deal could complicate future XRP sales and operations, especially post-December 2020. Former SEC lawyer doubts $1B penalty is achievable. #Update $XRP #CryptoLaw
deUSD Stablecoin: Elixir Team’s Innovative Launch
? The Elixir team launched deUSD, a decentralized stablecoin backed by stETH and sDAI, in October 2023. With additional staking rewards and reduced basis risk, deUSD aims to enhance liquidity on DEXs. #DeFi #CryptoNews
Ethereum Finality Boost Near Protocol Launch
“Nethermind partners with NEAR and EigenLabs to launch the Fast Finality Layer, boosting Ethereum Layer 2 scalability and DeFi efficiency. NEAR Protocol drops 6.16%, trading at $6.96. #Blockchain #Update $ETH $NEAR”
SEC Updates Binance Lawsuit Solana Excluded
“US SEC amends Binance lawsuit: Solana ($SOL), Cardano ($ADA), and Polygon ($MATIC) are not considered securities. This shift follows a court ruling on BNB and BUSD. #CryptoRegulation #Update”