Crypto News

Polymarket surpasses $1 billion in trading, driven by US election betting surge. Trump leads with 57% odds; Harris’s odds rise to 40% after Biden’s withdrawal. Series B funding of $70 million and MoonPay partnership boost Polymarket’s platform growth. Polymarket, a leading crypto betting platform, has achieved a significant milestone, surpassing $1 billion in trading volume. This surge has been largely driven by intense speculation surrounding the upcoming United States presidential election. Donald Trump leading with 57% odds According to Dune Analytics , Polymarket’s bet trading volume reached $1,051,670,878 million by July 31, a substantial increase from $111 million in June and $63 million in May. The majority of this activity has been fueled by wagers on the US presidential election set for November 4, with over $458 million bet on the outcome so far. Currently, former President Donald Trump holds a strong lead with 57% odds, while Vice President Kamala Harris has seen ...

Wisconsin DFI launches tracker to combat crypto and investment fraud. Nearly $3.55M was lost to fraud in Wisconsin from Jan 2022 to June 2024. Tracker updates regularly and it is searchable by the name DFI Investment Scam Tracker. The Wisconsin Department of Financial Institutions (DFI) has introduced a new investment scam tracker aimed at protecting investors from crypto and investment fraud. Officially launched on July 30, this publicly accessible tool is designed to curb deceptive practices in the financial sector by utilizing consumer complaints to provide crucial information about potential scams. Today @WIS_DFI announced it has launched an investment scam tracker to help Wisconsinites spot and avoid financial investment scams, including cryptocurrency scams. Learn more at: https://t.co/fS6aQj4Oyg . pic.twitter.com/Pw7KrLFwP6 — Wisconsin Department of Financial Institutions (@WIS_DFI) July 30, 2024 Tracker to enhance transparency and awareness Between January 2022 ...

Toncoin price is retesting the $6.80 resistance level and could spike to a new all-time high. Poodlana price could also explode after its 30-day presale. Toncoin (TON) has pulled back from the $6.80 price zone twice in the past week, but could yet retest the resistance level as bulls target a breakout. Multiple positive catalysts for Toncoin suggest TON could break to its all-time high in the short term. Meanwhile, a resilient crypto market has analysts forecasting a major rally for altcoins. This outlook is likely the reason investors are taking a closer look at Solana-based token Poodlana (POODL) . If TON price breaks out to target the psychological $10 level, various catalysts could see POODL eye an even bigger move. Here’s more about the new meme coin What is Poodlana? Poodlana (POODL) is the hottest meme coin in the market thanks to its viral traction in Asia . The coin that merges the best of dog-themed cryptocurrency and luxury fashion has taken the Solana presale mark...

Bybit planning a livestream to explore Web3 innovations and AI integration. Key speakers from Solana, Bybit, TON, and others will discuss blockchain advancements. Participants can win up to $500 in crypto and additional rewards by sharing the event. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is set to host an exciting livestream titled “Blinks, AI, Ignition: Bridging Web3 and Web2” on July 31, 2024, at 10 AM UTC. This event aims to explore cutting-edge crypto innovations and the integration of blockchain applications into traditional digital environments like Facebook and Twitter. The hour-long session streamed via Bybit’s platform, will spotlight developments in social ecosystems and artificial intelligence, showcasing how these technologies can enhance productivity and ownership for content creators and small businesses globally. A key highlight will be the discussion on unlocking liquidity using BTC as collateral through the innovative FBTC’...

Trust Wallet partners with TON to leverage Telegram’s user base for GameFi and DApps. The integration enables 100 million users to send and receive Toncoin (TON) tokens. Future plans include TON Connect, DApps integration, and TonKeeper wallet imports. In a strategic move to further blockchain adoption, Trust Wallet, a leading self-custody Web3 wallet provider, has announced its partnership with The Open Network (TON). This collaboration aims to leverage Telegram’s extensive user base to enhance the integration of gaming finance (GameFi) and decentralized applications (DApps), promising seamless transactions with TON tokens. Trust Wallet users can now send and receive Toncoin (TON) tokens This partnership allows Trust Wallet’s 100 million users to send and receive Toncoin tokens effortlessly. According to Nate Zou, Head of Product at Trust Wallet, the integration will provide users with greater access to the TON ecosystem, including features like single-chain and cross-chain ...

Whales scoop Bitcoin as pullback dents bulls’ momentum Bitcoin price touched lows of $65,911 as US government transferred its Silk Road BTC Bitcoin pulled back from its intraday highs around $70k on Monday to wipe gains seen after former US President Donald Trump highlighted the recently concluded Bitcoin 2024 conference. But the upside move built around Trump’s speech faded abruptly after the US government moved $2 billion in BTC from the Silk Road. The news spooked investors, crashing the crypto market. The price of Bitcoin fell more than 4% to lows of $65, 911 across major crypto exchanges, pushing into the negative territory on the weekly chart and cutting 30-day gains to just 8.8% at the time of writing. Gemini co-founder Tyler Winklevoss, commenting on the BTC transfer, noted that it came only two days after Trump “pledged to never sell any of the US government’s bitcoin.” It’s a view that many across the crypto community hold, with the move seen as a continuation of the ...

Poodlana’s presale surges to $3.5M, with price set to rise further. Bitcoin hits $69,000, boosted by Trump’s pro-crypto remarks. BOOK OF MEME rises 20%, with strong technical patterns and market interest. As August approaches, the cryptocurrency market continues to evolve with exciting developments and noteworthy trends. Three cryptocurrencies stand out for their potential to capture significant attention and drive market momentum: Poodlana (POODL), Bitcoin (BTC), and BOOK OF MEME (BOME). Each of these assets is making waves in its own way, whether through innovative presales, significant price rallies, or emerging market trends. Here’s why Poodlana, Bitcoin, and BOOK OF MEME (BOME) are the ones to watch as we move deeper into August. 1. Poodlana: a new Solana meme coin making waves in presale Poodlana (POODL) is quickly gaining traction in the crypto space, particularly within the meme coin sector. Launched on July 17, 2024, Poodlana’s presale has already hit an impressive $...

Blackjack ($JACK) is a new Solana meme coin that merges crypto and meme culture. $JACK will launch via an 85% fair launch on July 31, 2024. The meme coin will list on Raydium. The cryptocurrency market continues to garner mainstream attention and no sector of the industry is churning hype as does the meme coins space. Joining this buzzing ecosystem is Blackjack ($JACK) , a new cat-themed meme coin set to launch on July 31. In this market, top feline players include the Popcat, the cat that keeps popping as it breaks higher. But looking to establish a new order is Blackjack. Here’s what to know about $JACK and what makes his upcoming launch on Solana one of the most highly-anticipated meme coin launches. Blackjack ($JACK): The gambling degenerate Blackjack ($JACK) is not your typical cat. Other than with nine lives, $JACK comes straight from ‘City of Second Chances’ ready to play at any table. $JACK knows that sometimes the only way out is to go all in, and that counting wins a...

Bitcoin price touched the $70,000 price level for the first time since June 12, reaching highs of $70,016 on Bitstamp. The rebound to above the $70k level has bulls eyeing a new upward push that could take Bitcoin beyond its all-time high above $73k reached in March. What are analysts saying about Bitcoin price? While BTC targets strengthening above the psychological level, a crypto analyst at CryptoQuant warns that miners are likely to see further outflows and contribute to new sell-off pressure for BTC. According to XBTManager, miners have moved BTC from their wallets at recent price levels. The previous support level for the miner capitulation was around $53k. Miners continue their calm before the storm “After a support level of $53,000, miner outflow continues to rise. #Bitcoin has been observed leaving miner wallets at the current price level, which could create potential selling pressure.” – By @XBTManager Full post 👇… pic.twitter.com/cZu2eLSUYp — CryptoQuant.com (@cr...

Bitcoin Cash (BCH) rose more than 14% in 24 hours to trade above $450, its highest level since mid-June. BCH gained as Bitcoin (BTC) moved to within reach of $70,000 following a 3% rise in 24 hours. The benchmark digital asset traded around $69,503 at the time of writing on July 29, slightly off its intraday highs above $69,800 reached during the Asian trading hours. BCH price: Are Bitcoin Cash bulls back? Bitcoin Cash, like Bitcoin, has in the past few weeks navigated a tough terrain in terms of sell-off pressure related to potential Mt. Gox selling . However, Bitcoin remains above $60k with a good chunk of the staggering $9 billion worth of BTC that the defunct crypto exchange announced would be going to customers. This resilience has also shown with Bitcoin Cash, which continues to ride positive sentiment as Mt. Gox customers choose to hodl rather than sell. Crypto is also upbeat after last week’s Bitcoin 2024 conference that saw former US president Donald Trump make major ...

Casper Network said it halted the network after discovering a significant security breach The team has identified the threat and contained it, Casper Network said in an update. Casper Association, Casper Labs and validators/community are collaborating to patch the vulnerability. Casper Network has halted its network operations following a security breach, the smart contracts blockchain platform announced via X. In the statement targeted at Casper Network users and the broader crypto community, the Casper team noted that it had worked with validators to halt operations and mitigate the potential impact of the breach. “We discovered a significant security breach on the Casper Network. In order to minimize the effects of this security breach, we have worked with the validators to halt the network until this security breach has been patched,” reads part of the announcement. Issue contained The temporary network pause will remain in place until the security team patches the vulner...

SOL price rose to above $187 to see over $4 million short positions liquidated. Poodlana, the FashionFi meme coin, accelerated its presale as the sector surged amid US politics and bullish crypto predictions. POODL surpassed the $3 million mark on July 27, just 10 days after the presale launch. The cryptocurrency market has witnessed over $63 million in liquidations over the past 24 hours. Data shows most of these, nearly $45 million, are in short positions.  Solana (SOL) surging above $187 has seen over $4 million in bearish bets liquidated. Meanwhile, Poodlana has soared to over $3 million in presale as Asia drives investor interest.  Solana short liquidations hit $4 million as SOL surges While Coinglass data shows the total crypto liquidations had declined 67% within the above timeframe, the market still saw a notable amount of bearish bets. Solana liquidations reached a total of $4.95 million at the time of writing, with the forced exits happening as SOL price...

The State of Michigan Retirement System holds $6.6 million in 21Shares’ ARKB ETF. Michigan pension fund’s disclosure adds to growing number of US state pension funds buying spot Bitcoin ETFs. BTC has surged to $68,000 again amid the Bitcoin 2024 conference. The State of Michigan Retirement System has disclosed an investment of $6.6 million in ARKB, the spot Bitcoin exchange-traded fund by 21Shares. Michigan’s state pension fund revealed the ETF investment in a 13-F form filed with the US Securities and Exchange Commission. Per the filing , the pension fund holds 110,000 ARKB shares, whose equivalent value of $6.6 million represents about 0.004% of the $143 billion the state holds in its pension fund. US state pension funds add Bitcoin ETFs The SEC approved spot Bitcoin ETFs for trading in January 2024, opening the cryptocurrency to further adoption as institutional investors took notice. Since then, spot BTC ETFs have accumulated over $59.4 billion in total net assets, with t...

bitFlyer has acquired 100% of FTX Japan shares and will rebrand the platform by August 26, 2024. The Tokyo-based crypto exchange will also launch a new crypto custody business via the new subsidiary. Japanese crypto exchange bitFlyer Holdings has announced the acquisition of FTX Japan, according to an announcement published on July 26. The Tokyo-based exchange noted that it had completed 100% acquisition of FTX Japan shares, a move that makes the FTX Japan business a “wholly-owned subsidiary” of bitFlyer. “We are pleased to announce that bitFlyer Holdings has today completed the acquisition of 100% of the outstanding shares of FTX Japan,” the exchange posted on X. bitFlyer Holdingsは本日、FTX Japanの発行済株式100％の取得を完了しましたのでお知らせいたします。 これによりFTX Japanは当社の完全子会社となりました。 今後は8/26までに社名を変更し、新たにクリプトカストディ事業を展開する予定です。詳しくはこちら。 https://t.co/Ks1aexAFLm pic.twitter.com/bLbqGa4Im8 — bitFlyer（ビットフライヤー） (@bitFlyer) July 26, 2024 bitFlyer to rebrand FTX Japan Following the acquisition, bitFlyer ...

Jersey City Mayor Steven Fulop plans to invest pension funds in Bitcoin ETFs. Fulop likens the investment to Wisconsin Pension Fund’s 2% crypto allocation. SEC-approved Bitcoin ETFs see minimal adoption by major financial institutions. Jersey City Mayor Steven Fulop has announced plans to invest a portion of the city’s pension fund into Bitcoin ETFs. Fulop, who has held office since 2013, revealed on July 25 that the city’s pension fund is in the process of updating its paperwork with the US Securities and Exchange Commission (SEC) to include this new investment strategy. Mayor Fulop believes in the potential of blockchain and crypto In a statement shared on X, Mayor Fulop expressed his long-standing belief in the potential of cryptocurrency and blockchain technology. He did not specify the exact percentage of the fund to be allocated to Bitcoin ETFs but indicated that it would be comparable to the 2% allocation made by the Wisconsin Pension Fund. Fulop emphasized his confiden...

Trump campaign raised $3M in crypto in Q2 2024, led by Winklevoss and Powell donations. Trump 47 Committee reported over $118M raised in crypto and fiat for Q2 2024. Kamala Harris raised $100M in 24 hours after Biden announced he won’t seek reelection. Former President Donald Trump reelection campaign has garnered $3 million in digital asset donations for the second quarter of 2024 according to the published campaign financial data . This development marks a notable change from Trump’s previous characterization of Bitcoin as a “scam” in 2021. The fundraising boost comes as Donald Trump positions himself for another run at the White House, with the Trump 47 Committee reporting substantial contributions from high-profile figures in the cryptocurrency industry. Winklevoss twins, Kraken co-founder, and former Messari CEO among donors Leading the list of donors are Cameron and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini. The twins collectively pledged $2 mil...

Crypto-friendly fintech platform Revolut has secured a banking license in the UK. The digital bank has 9 million UK customers and 45 million globally. After a three-year wait, crypto-friendly fintech firm Revolut has finally secured a banking license from United Kingdom’s banking regulator Prudential Regulation Authority (PRA). Revolut announced the milestone in a news release on Thursday, July 25, noting that the next step is the “mobilization” stage. Also known as ‘Authorisation with Restrictions’, this is a step in the licensing process that many new banks have to complete as part of building out operations before launching in the market. “We are incredibly proud to reach this important milestone in the journey of the company and we will ensure we deliver on making Revolut the bank of choice for UK customers” Nik Storonsky, CEO of Revolut, said in a statement. UK customers not impacted According to Revolut, the restricted period covering the “mobilization” stage will not ...

HSBC Australia will block all customer payments to crypto exchanges as from July 24, 2024. The bank told customers in an email that the decision is due to rising cases of crypto related investment scams. A recent report suggested Australians lost $171 millin to such crypto scams in 2023. HSBC Australia has begun blocking payments to crypto exchanges , citing rising cases of scams. The bank told its customers that the new measure took effect on July 24, with all bank accounts and credit card payments to cryptocurrency exchanges blocked. At least six major banks in Australia currently block payments to crypto exchanges, Cointelegraph noted in a report. Customer protection HSBC Australia, like other major banks to take the step in the country, say the objective is to protect its customers. Clients looking to make payments to crypto platforms will have to find alternative means, the bank wrote in the email. “From 24 July 2024, HSBC will block payments from bank accounts and cred...

Raydium’s (RAY) price targets $4.27 after a 50% surge, supported by MoonPay. LayerZero (ZRO) forecasted to hit $4.524084 by August and $6.038442 by end of September. Poodlana (POODL) presale raises $2.6M, with the final price set to $0.054. As the cryptocurrency market continues to evolve, investors are closely monitoring emerging tokens and established players alike. Among the notable names making waves are Raydium (RAY) , LayerZero (ZRO), and Poodlana (POODL) , each offering unique opportunities and risks. This article delves into the recent price movements, developments, and future predictions for these three tokens, providing insights into their potential trajectories in the ever-dynamic crypto space. Raydium (RAY) could hit $4.27 after the MoonPay integration Raydium (RAY) has recently demonstrated impressive price performance, fueled by a combination of strategic integrations and market dynamics. This price performance follows a significant increase in price over the las...

Bybit launches Spot Liquidity Pairing Program to enhance liquidity for projects. The program boosts visibility and partnerships, fostering a seamless trading experience. July’s Premium Market Makers include Amber Group, Auros, and DWF Labs. The second-largest cryptocurrency exchange by trading volume Bybit has announced the launch of its Spot Liquidity Pairing Program. This new initiative is designed to connect high-quality Market Makers with projects in need of improved liquidity, fostering a robust trading environment and advancing the digital asset ecosystem. The Bybit Spot Liquidity Pairing Program The Spot Liquidity Pairing Program aims to provide liquidity providers with significant opportunities for collaboration. One of the key features of the Spot Liquidity Pairing Program is the visibility it offers to Premium Liquidity Providers, who will be prominently featured in Bybit’s recommendation list to projects. This recognition not only helps establish strong partnership...

The US spot Ethereum exchange-traded funds market saw $106.7 million in net inflows on their first trading. BlackRock’s ETHA led with $266.5 million in inflows, while Grayscale’s ETHE recorded the most outflows. Having received the nod from the Securities and Exchange Commission following final regulatory filings, nine spot ETFs went live on July 23. Together, they raked in more than $1 billion in trading volume as BlackRock led inflows with its iShares Ethereum Trust fund. As expected, Grayscale’s Ethereum Trust recorded significant outflows. ETH spot ETFs see $106 million in net inflows According to market data, BlackRock’s ETHA registered most demand with investors scooping $266.5 million on day one. Meawhile, Bitwise had the second most inflows with $204 million for its ETHW product. Fidelity saw the third highest inflows for its FETH, with $71.3 million recorded on the ETFs trading debut. While Grayscale’s ETHE saw outflows of $484.1 million, the firm’s Ethereum Mini Trus...

dYdX v3 compromised by a DNS attack; 2 smart contracts compromised. Exchange discussing the sale of its derivatives arm to Wintermute and Selini. Founder Antonio Juliano stepped down; Ivo Crnkovic-Rubsamen now leads the company. dYdX, a prominent decentralized exchange, is grappling with a significant security breach involving its v3 protocol. On July 23, it was reported that an attacker had compromised the official website for dYdX v3 by installing a token-draining program, which could potentially siphon off users’ funds. The compromised site displayed error messages similar to those used in previous phishing scams, attempting to trick users into revealing their wallet information. What we know so far about the dYdX hack The exchange’s team promptly issued a warning on social media, advising users not to visit the affected site or click any links associated with it until further notice. Fortunately, the protocol’s v4 version, which operates on the Cosmos blockchain, remains...

Poodlana presale has raised over $2.1 million in under a week as Dogecoin price struggles for momentum. The crypto-savvy are joining in as a fashion-centric Poodlana creates waves in Asia. Poodlana’ presale opportunity is only available for 30 days and ends on August 16. Dogecoin (DOGE) recently reached highs last seen in early June, and could target a fresh bounce to year-to-date levels. Meanwhile, Poodlana (POODL) is the new Solana hit that has raced to over $2.1 million in less than a week since its 30-day presale launched. Dogecoin eyes recovery Dogecoin ’s launch brought to crypto a fun meme token inspired by the “doge” internet meme. The Shiba Inu dog helped it build one of the biggest crypto communities in the market. DOGE currently has a market cap of over $19.4 billion and reached highs of $0.73 in 2021. While its price dropped significantly since, Dogecoin remains the top pooch-themed coin. Despite recent losses, the much wow token has the potential to reach $0.2 in...

MicroStrategy’s stock outperformed major tech stocks due to its significant Bitcoin holdings, surging 15% recently. Since the start of 2024, MicroStrategy’s stock price has risen by 135%, driven by Bitcoin’s rally. The company announced a 10-for-1 stock split to make shares more accessible, effective August 1. Michael Saylor attributes MicroStrategy’s success to its aggressive Bitcoin acquisition, holding 226,331 Bitcoin worth $7.538 billion. MicroStrategy , led by Michael Saylor, has recently gained significant attention for its aggressive Bitcoin investment strategy, resulting in remarkable financial returns. As of July 17, 2024, MicroStrategy’s stock has outperformed major tech giants like Tesla, Nvidia, and Microsoft, primarily due to its substantial Bitcoin holdings. As such, its stock price mimics Bitcoin’s movement and has rallied from recent lows of $1,207 to close at $1,794 as of COB today. Its most recent rally is in tandem with Bitcoin’s from $53,500 around the same pe...