Celsius Network distributes $2.5B to 251,000 creditors in bankruptcy process, now holds $5M on-chain balance. 121,000 creditors with small amounts unclaimed, posing logistical challenges. Broader implications for crypto include increased scrutiny and evolving DeFi landscape.
“UAE invests $500M in AI, blockchain via Hodler Investments & Gewan Holding’s DEI fund, targeting early-stage startups in energy, AI, and decentralized infrastructure, aiming to drive innovation and digital economy growth. @HodlerInvest @GewanHolding”
Buenos Aires incorporates blockchain and $ETH into high school curriculum starting August 27, 2024. The program includes a specialized Solidity course to develop Ethereum dApps, aiming to train 500 participants and 30 educators in blockchain and Web3.
Tether CEO confirms no plans for a proprietary blockchain, will rely on Ethereum and Tron. $ETH holds 57% of TVL. Tether authorized 33B USDT, earning $5.2B profit in H1. Plans $1B investment in AI, mining, and data by 2024.
SatLayer raises $8M, led by @Hack_VC and @CastleIslandVC, to enhance Bitcoin’s ($BTC) security and scalability through Bitcoin Validated Services. Investments include OKX Ventures and Franklin Templeton. Initial $4M goal saw $16M interest.
Story Protocol secures $80M in Series B funding led by @a16z to revolutionize IP management with blockchain. The $140M-funded project to release a public testnet next week, featuring IP registration via NFTs, aims to protect works from unauthorized AI use.
Coinbase lists $ACX, boosting its price by 14%. Trading begins on August 21, 2024, pending liquidity conditions. Market cap hits $59.2M, daily volumes surge 49% to $650K, signaling strong interest in Across Protocol. #CryptoNews #Coinbase
Mantle rebrands its liquid staking protocol to mETH Protocol. With 500,000+ ETH staked since Nov 2023, $mETH is now the fourth-largest ETH liquid staking token. New assets $cmETH and $COOK introduced, positioning Mantle for growth in DeFi. #Ethereum
? Babylon launches Bitcoin Staking Mainnet on August 22, 2024, in three phases. Phase One allows staking up to 1000 BTC with no rewards; Phase Two introduces PoS network. 200+ partners, including @Allnodes and @GalaxyDigitalHQ, support the initiative. $BTC
KIP Protocol raises $5M led by @animocabrands and Tribe Capital, totaling $10M in funding. Aims to decentralize AI in Web3, empowering developers with data ownership. Strategic partners include @googlecloud, Open Campus, and OKX Wallet. #AI #Blockchain #Web3
Ethereum Layer 2 @Mantle introduces $FBTC, a 1:1 Bitcoin-pegged asset, enhancing Bitcoin’s DeFi utility. This launch boosts $MNT by 5%, driven by investor confidence in new yield opportunities through lending, staking, and liquidity provision. #CryptoNews
Sahara AI raises $43M from @BinanceLabs, @PanteraCapital, and @PolychainCap to address AI copyright and privacy issues using blockchain. Investors include @Samsung, @Sequoia, and @MatrixPartners. The platform aims for transparent transactions and fair compensation. $CRYPTO #AI #Blockchain
DBS Bank ($DBS) and Ant International launch blockchain-based DBS Treasury Tokens to enhance treasury management with faster, transparent transactions. This initiative highlights $DBS’s commitment to blockchain, potentially accelerating digital currency adoption in the financial sector. #Finance #Blockchain
Symbiotic Protocol launches developer mainnet, introducing advanced security, first-ever slashing mechanisms, and ERC-20 support. Projects like Ethena and LayerZero are testing the modular platform. Public mainnet release set for Q3 2024 with top-tier audits. $SYM #Blockchain
