Mt. Gox Trustee transfers $2.25B in Bitcoin to BitGo, part of a $9B creditor repayment plan. With previous transfers to Kraken and Bitstamp, Mt. Gox now holds $3B in Bitcoin. About 17,000 of 20,000 creditors reportedly paid. #CryptoNews
State Street Corporation is exploring the launch of a stablecoin and deposit token to boost cross-border payment efficiency using blockchain. This move marks a key shift in integrating digital assets with traditional finance. #Update #Blockchain @StateStreet
Injective Labs and @21Shares launch the first $INJ-linked ETP on Euronext Amsterdam and Paris, attracting 25 banks and brokerages. This milestone brings traditional finance closer to decentralized markets, offering an estimated 19.38% staking reward. #Update
The 99Bitcoins token presale ends in 6 days, raising $2.5M. The unique Learn-to-Earn model rewards users for crypto learning. Analyst Jacob Bury predicts a 10x price increase post-launch. #Update #CryptoNews $99BTC
ECB plans two more rate cuts due to euro zone weakness, says policymaker Yannis Stournaras. Speculation rises on whether the U.S. Federal Reserve will follow. Recent job data and inflation trends keep Fed’s next move uncertain. #Update
Tether’s $USDT supply on @ton_blockchain surged by $580M in under two months, reaching $519M. Growth driven by ease of transactions and increased investor interest. Binance’s integration also expanded access. #Update #CryptoNews
GMX’s proposal to switch revenue distribution from $ETH to $GMX is now in on-chain voting, ending August 4. If approved, users can convert GMX to ETH, aiming to boost token value. A portion of fees will buy back GMX. #Update
Ethereum ($ETH) celebrates its 9th anniversary with a market cap over $400B, 2.45B transactions, and 7M+ active users. Key upgrades like the Merge and Dencun hard forks transition it to proof-of-stake, reducing fees. #Update #Ethereum9
Tether (@Tether_to) reports record $5.2B profit in H1 2024, with $1.3B in Q2, driven by investments in U.S. Treasuries. $USDT’s market cap hits $114B. Regulatory scrutiny continues as @Circle secures Europe’s first stablecoin license. #CryptoNews
VeChain’s new whitepaper, “Web3 for Better,” focuses on sustainable supply chains and ecological initiatives through Web3. Key features include a “phygital” concept, DEX/DeFi, wallet extension, Ethereum token bridge, and NFT marketplace. #Update #Sustainability
? New web3 startup Icebreaker, founded by ex-Coinbase & Google employees, secures $5M to create an open-source LinkedIn rival. Led by CoinFund, the platform aims to streamline professional networking across LinkedIn, Twitter & email. #Web3 #Update
Ki Young Ju, CEO of @cryptoquant_com, reports a surge in limit buy orders for altcoins, signaling a potential rally. Whales are establishing strong buy walls for altcoins like $LTC, indicating bullish market sentiment. #Crypto #Update
Litecoin’s third halving event occurs today at 3:16 pm UTC, cutting block rewards from 12.5 $LTC to 6.25 $LTC. Historically bullish, the long-term impact remains debated. Current price up less than 1% today. #Litecoin #Update
VanEck pushes forward with a $SOL ETF, potentially outpacing BlackRock’s hesitant approach. Matthew Sigel believes the US market is ripe for diverse crypto ETFs, driven by recent SEC amendments. Regulatory developments remain key. #Update
