State of the Crypto Market
▪️ As of the trading session on August 15, the total capital inflow into Bitcoin funds amounted to $11.1 million.
▪️ Ethereum funds recorded an inflow of nearly $39.2 million.
▪️ The Crypto Fear and Greed Index is in the "fear" stage — 27 out of 100 points.
▪️ According to traders on Polymarket, a platform for betting on real-world events, Harris's chances of winning the presidential election have risen to 54%, and Trump's chances to 44%. The volume of bets on the US elections has exceeded $604 million.
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🇦🇪#crypto
Dubai court recognizes crypto as a valid salary payment
UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions.
Dubai court recognizes crypto as a valid salary payment
UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions.
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Protos
CHART: Listing every crypto sponsor for the 2024/25 Premier League
This season, 14 of the Premier League's 20 clubs will boast partnerships or sponsorship deals with crypto companies.
14 out of 20 clubs in the English Premier League have signed sponsorship deals with cryptocurrency companies.
Sponsorship related to cryptocurrencies and blockchain is becoming increasingly popular in the world’s most-watched football league. In the 2023/24 season, 8 different teams had an official cryptocurrency trading partner. The largest deal was made by Manchester City with the exchange OKX for 70 million dollars.
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A platform for creating meme tokens called SunPump has been launched on the Tron blockchain.
The service is being touted as a competitor to Рumр_fun, a token generator on the Solana network.
A key drawback of such platforms is that scammers take advantage of them to launch their projects. Justin Sun told reporters that SunPump conducts thorough checks of developers to ensure they "meet certain standards of honesty."
The SunPump team also announced that, in collaboration with Tron DAO, they have launched the Meme Ecosystem Boost program to support tokens issued on their platform. The allocated fund amount is $10 million.
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The stablecoin USDT will be launched on the Aptos blockchain.
According to Tether, supporting the Aptos network will allow USDT transactions to be conducted with exceptionally low fees (fractions of a cent). This should enable an expansion of USDT use cases, ranging from microtransactions to operations in large corporations.
The Aptos blockchain was also chosen for its "unprecedented speed and scalability." In May of this year, the network recorded 157 million transactions in a single day.
USDT operates on several blockchain networks, the most popular of which are Tron, Ethereum, Avalanche, Solana, and Ton.
The Aptos blockchain token (APT) is among the top 30 largest crypto assets with a market capitalization of about $3 billion.
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In India, a victim of a collapsed cryptocurrency pyramid scheme kidnapped two of its employees and extorted money from them.
Indian authorities have arrested a suspect for kidnapping two employees of the collapsed cryptocurrency pyramid scheme BitConnect and extorting over $120 million in cryptocurrencies.
It is reported that he allegedly lost funds due to the pyramid's collapse and sought to recover his investments. Along with accomplices, he kidnapped two former BitConnect employees and demanded 2091 bitcoins, 11,000 Litecoin coins, and 145 million Indian rupees (approximately $1.7 million) for their release.
The financial pyramid scheme BitConnect operated from 2016 to 2018. As a result of its collapse, around 4,000 people worldwide collectively lost over $2 billion.
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The revenue of the PumpFun platform reached $95 million in the 8 months since its inception, with over 1.8 million meme coins launched on the Solana blockchain through it.
However, analysts calculated that only 3% of traders who traded these tokens managed to earn more than $1,000. And only 20% of them made any profit at all.
▪️ The 6 most successful traders collectively earned over $140 million.
▪️ 70 traders managed to earn over $1 million, which accounts for 0.0028% of all wallets on the platform.
▪️ 924 traders managed to earn over $100,000 — this group constitutes only 0.037% of all wallets trading tokens launched through PumpFun.
▪️ 80% of traders ended up at a loss.
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X (formerly Twitter)
Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) on X
🚨 5 hours ago, a victim lost $55.43M in DAI after signing a phishing transaction targeting its DeFi Saver Proxy.
How did this happen? 👇
How did this happen? 👇
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Tether will launch a stablecoin pegged to the UAE dirham.
Reportedly, each token will be fully backed by liquid reserves. Tether intends to obtain a license from the UAE Central Bank.
The stablecoin is being touted as an effective tool for transactions in dirhams, including cross-border payments, trading, or simply diversifying digital assets.
The new asset will be launched in partnership with the tech conglomerate Phoenix Group and with support from Green Acorn Investments.
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🇷🇺 #crypto #ads
In Russia, a law on cryptocurrency mining and circulation has come into effect, which, among other things, includes a ban on advertising cryptocurrencies and various services built around their use.
▪️Participants of crypto conferences are now advised not to use images and symbols referring to cryptocurrencies or exchange services in their promotional materials, and speakers are not allowed to directly promote products related to cryptocurrency circulation.
▪️If advertisers do not want to attract unnecessary attention, they can, at their own discretion, ban the advertisement of objects not explicitly mentioned in the law.
▪️However, experts believe that the market will eventually adapt and find ways to circumvent the strict restrictions without formally violating them. Russian crypto services will have to operate more discreetly, without advertising and loud slogans. This will create more problems for new players in this sector.
In Russia, a law on cryptocurrency mining and circulation has come into effect, which, among other things, includes a ban on advertising cryptocurrencies and various services built around their use.
▪️Participants of crypto conferences are now advised not to use images and symbols referring to cryptocurrencies or exchange services in their promotional materials, and speakers are not allowed to directly promote products related to cryptocurrency circulation.
▪️If advertisers do not want to attract unnecessary attention, they can, at their own discretion, ban the advertisement of objects not explicitly mentioned in the law.
▪️However, experts believe that the market will eventually adapt and find ways to circumvent the strict restrictions without formally violating them. Russian crypto services will have to operate more discreetly, without advertising and loud slogans. This will create more problems for new players in this sector.
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Telegram
Web3 Pulse
🤑 #crypto #meme #tron
A platform for creating meme tokens called SunPump has been launched on the Tron blockchain.
The service is being touted as a competitor to Рumр_fun, a token generator on the Solana network.
A key drawback of such platforms is that…
A platform for creating meme tokens called SunPump has been launched on the Tron blockchain.
The service is being touted as a competitor to Рumр_fun, a token generator on the Solana network.
A key drawback of such platforms is that…
▪️The SunPump platform (yes, that one) has surpassed the famous PumpFun platform (yes, that one) in the number of meme coins created in a day (7,300 vs. 5,700 tokens). Traders are actively transitioning to Tron — Decrypt.
▪️Justin Sun predicts that within a 12-month horizon, the income of the TRON network could reach $3 billion and promises more significant announcements in the coming weeks.
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Tether will not launch its own blockchain.
The company's head, Paolo Ardoino, mentioned this in a comment to Bloomberg. According to him, as long as the necessary level of security and efficiency is ensured, it does not matter on which blockchain the USDT stablecoin operates.
Out of the 306 blockchain networks tracked by the Defillama service, the five largest account for 86% of total user assets (TVL).
Nearly half of the USDT supply is on the TRON blockchain (TRC-20 standard).
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Forwarded from All About TON
Notably, even after the official notice from the wallet, people continued to send coins to the "secure account."
Wallet announced that it would reimburse all affected users.
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Twitter has disabled displaying posts with the hashtag #telegram.
The API response returns:
BadRequest: Query is denylisted in Search Content Control tool.
Check here: x.com/search?q=%23Telegram&src=trend_click&vertical=trends
The API response returns:
BadRequest: Query is denylisted in Search Content Control tool.
Check here: x.com/search?q=%23Telegram&src=trend_click&vertical=trends
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Elon Musk reacted to Pavel Durov's detention:
▪️ Posted the hashtag #FreePavel
▪️ Wrote: "Europe. The year is 2030. You get executed for liking a meme."
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Vitalik Buterin (#ETH) criticized Pavel Durov's arrest.
Experts remind about the risks of investing in "centralized" crypto projects, whose founders can be subjected to persecution and arrests.
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The founder of Dogecoin (#DOGE), Shibetoshi Nakamoto: "France is a stupid country."
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