#Stablecoin inflows to exchanges have doubled to $108 billion, despite the market crash. This signals a return of investor interest, although selling pressure remains strong. ๐
#Ledger is preparing for an IPO in the US, valuing it at $4 billion. The company is in talks with Goldman Sachs, Jefferies, and Barclays. The decision is driven by rising demand for hardware crypto wallets due to digital asset thefts.๐ฐ
#SHIB: 207 billion tokens were withdrawn in a day. The price is stable because of those. barriers. The token is in the support zone, the RSI 39 signals a weak momentum.
The #HKMA has tested e-HKD and tokenized deposits, finding them to be secure and programmable. Confidence in e-HKD is high, with priority given to wholesale use by financial companies.
#Cryptocom has applied for a national banking license in the United States, aiming to expand its custody services. CEO Marchelek has emphasized the focus on regulated and secure offerings, joining other crypto companies.๐ต
#Crypto-ETFs ended a difficult week with a $366.59 million outflow. The outflow from IBIT Blackrock is leading (-$268.81 million). This is the third day in a row with an outflow. Trading activity is high, but net assets have decreased.
Kazakhstan has established the Alam Cryptocurrency Fund for strategic reserves, investing not in Bitcoin, but in Binance's BNB. The amount of the first transaction has not been disclosed.๐
#SouthKorea has banned cryptocurrency exchanges from issuing new crypto loans until regulations are adopted. Existing loans are being serviced. Reason: โgray areaโ and high risks. Over the month, 27.6K investors borrowed $1.1 billion, with 13% losing their assets.
#Nakamoto plans to buy $762.5 million worth of bitcoins (previously announced $1 billion to attract attention). The purchase will be recorded on video. This will allow Nakamoto to take 14th place among public BTC holders.
#Tether is one of the largest holders of US government debt (>$127 billion,7th place). Bonds are part of USDT reserves. There are 167 billion USDT in circulation.Profit for the first half of the year is $5.7 billion. Investments in fintech, AI, and blockchain exceed $13 billion๐ฐ
#Christie's LA offers VIP clients crypto services for real estate transactions, without banks. After the sale of Elementi for $65 million in BTC, demand has grown. Transactions are anonymous, and the origin of funds is verified by lawyers. ๐
#Bybit and #Tether are partnering to promote crypto in Brazil: institutional cooperation, event sponsorship (Blockchain Rio), educational programs. The integration of crypto into Rio tourism is discussed (discounts in USDโฎ).
Indian rich are actively investing in #cryptocurrencies, counting on a bull market. On CoinDCX, the average order of the rich has grown to 455,000 rubles. BTC, ETH, SOL, XRP are preferred. The total crypto turnover in India is growing.
#Buterin proposed EIP-7983: 16.77M gas limit per Ethereum transaction. This would increase resilience to DoS attacks, network stability, and cost predictability. Right now, there is no limit per transaction.
#ACX down 10% in 24 hours, 40% in a month. Reason: accusations of insider trading by the team (Chan, Lambour) for $23 mln. Ogle accuses them of secret offers via DAO.
#Moody's is testing a credit rating system in Solana to assess municipal bond risks. Ratings will be published on the blockchain via API, which will attract investors and reduce borrowing costs.
Taiwanese politician Ko Ju-chung believes #bitcoin could become โdigital goldโ in the event of a Chinese blockade, protecting against hyperinflation. Bitcoin is resistant to censorship and embargoes. In the event of an invasion, it will help citizens preserve their fortunes.๐ช
In Malaysia, illegal connection to the power grid for #mining has increased dramatically (610 in 2018 to 2,397 in 2024). Power engineers identify >2000 cases of energy theft per year and 340 accidents per month due to overloading. Miners use subsidized energy.
#ETH soared 20% overnight to a two-month high of $2200 following the rollout of the Pectra update. In two weeks, the growth amounted to 26%, in a month - more than 50%. $280 million of short positions were liquidated.