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💬 Polkadot has money left for two more years
💵 Polkadot's financial report for the first half of the year showed that the company spent $87 million (11 million DOT), with $37 million allocated to marketing. At the current spending rate, the funds will last for another two years.
The community criticized the company for such extravagance.
💵 Polkadot's financial report for the first half of the year showed that the company spent $87 million (11 million DOT), with $37 million allocated to marketing. At the current spending rate, the funds will last for another two years.
The community criticized the company for such extravagance.
Crypto Events Calendar for July
What's interesting and important for the crypto community in the second month of summer:
➡️ July 10 — Dash halving (planned date).
➡️ July 11 — Release of the Consumer Price Index and inflation data in the US.
➡️ July 12 — Sentencing of Alexander Vinnik in the BTC-e case.
➡️ July 14 — Seventh anniversary of Binance's founding.
➡️ July 29 — Sentencing of Avraham Eisenberg, participant in the 2022 Mango Markets attack.
➡️ July 30 — Ninth anniversary of Ethereum's creation.
➡️ July 31 — US Federal Reserve meeting on the key interest rate.
➡️ Also in July — commencement of compensation payments in the Mt.Gox case (exact date unknown).
➡️ The launch of the ETH ETF, which many expected on July, will likely be postponed. The SEC returned the S-1 forms for amendments. Corrections must be made by July 8, and the actual launch of the instruments will likely happen even later.
What's interesting and important for the crypto community in the second month of summer:
➡️ July 10 — Dash halving (planned date).
➡️ July 11 — Release of the Consumer Price Index and inflation data in the US.
➡️ July 12 — Sentencing of Alexander Vinnik in the BTC-e case.
➡️ July 14 — Seventh anniversary of Binance's founding.
➡️ July 29 — Sentencing of Avraham Eisenberg, participant in the 2022 Mango Markets attack.
➡️ July 30 — Ninth anniversary of Ethereum's creation.
➡️ July 31 — US Federal Reserve meeting on the key interest rate.
➡️ Also in July — commencement of compensation payments in the Mt.Gox case (exact date unknown).
➡️ The launch of the ETH ETF, which many expected on July, will likely be postponed. The SEC returned the S-1 forms for amendments. Corrections must be made by July 8, and the actual launch of the instruments will likely happen even later.
Historical Fact:
🔼 Looking at the Bitcoin price chart throughout its history, typically after a red June comes a green July. On average, the price has increased by 18%.
$BTC Hope and wait 🙂
🔼 Looking at the Bitcoin price chart throughout its history, typically after a red June comes a green July. On average, the price has increased by 18%.
$BTC Hope and wait 🙂
😎 Sony plans to launch its own crypto exchange
Sony is preparing to launch its own cryptocurrency exchange in Japan through the takeover of local exchange WhaleFin.
WhaleFin has been renamed S.BLOX Co. The exact launch date of the S.BLOX crypto exchange has not been announced.
Sony is preparing to launch its own cryptocurrency exchange in Japan through the takeover of local exchange WhaleFin.
WhaleFin has been renamed S.BLOX Co. The exact launch date of the S.BLOX crypto exchange has not been announced.
💩 Schedule of Major Token Unlocks for July
When a crypto project enters the market, the circulating supply of its tokens is limited: the team, various levels of investors, employees, etc., do not have tokens on hand to avoid creating additional pressure on the coin's price.
According to the schedule defined in the project's tokenomics, these participants start receiving tokens and can sell them on the market. This process is called token unlocking.
Shorting after an unlock is an old but always relevant way to make some profit.
According to the schedule defined in the project's tokenomics, these participants start receiving tokens and can sell them on the market. This process is called token unlocking.
Shorting after an unlock is an old but always relevant way to make some profit.
In the United States, a bill proposing to pay income taxes in Bitcoin will be considered.
A bill has been introduced in the US Congress that would allow federal income taxes to be paid in Bitcoin. It is authored by Republican Matt Gaetz.
✔️ If passed, the bill would require US Treasury Secretary Janet Yellen to approve corresponding amendments to federal legislation. The initiative also effectively opens the door for using cryptocurrencies to pay other fees and taxes.
$BTC
A bill has been introduced in the US Congress that would allow federal income taxes to be paid in Bitcoin. It is authored by Republican Matt Gaetz.
✔️ If passed, the bill would require US Treasury Secretary Janet Yellen to approve corresponding amendments to federal legislation. The initiative also effectively opens the door for using cryptocurrencies to pay other fees and taxes.
$BTC
❗️SEC to Approve Spot Ethereum ETFs by July 4
Negotiations between asset managers and regulators are nearing the final stage.
📌It is known that the process of amending securities offering documents has progressed to resolving "minor" issues. The statement noted that these documents must be approved before the ETF launch.
✔️Previously, SEC Chairman Gary Gensler mentioned that the agency's review of plans to launch Ethereum ETFs is proceeding smoothly.
🛍 It is worth noting that on the Polymarket platform, the likelihood of approving such
📌It is known that the process of amending securities offering documents has progressed to resolving "minor" issues. The statement noted that these documents must be approved before the ETF launch.
✔️Previously, SEC Chairman Gary Gensler mentioned that the agency's review of plans to launch Ethereum ETFs is proceeding smoothly.
🛍 It is worth noting that on the Polymarket platform, the likelihood of approving such
⚡️Dogs vs Cats.
CryptoRank shared a humorous comparison of meme coins, contrasting dog-based memes with cat memes.
🔝 As we can see, dog-themed meme coins have higher market capitalization and higher daily trading volume.
❓ Perhaps it's time to switch to cat memes, as they might grow much faster.
CryptoRank shared a humorous comparison of meme coins, contrasting dog-based memes with cat memes.
🔝 As we can see, dog-themed meme coins have higher market capitalization and higher daily trading volume.
❓ Perhaps it's time to switch to cat memes, as they might grow much faster.
Solana ETF on the horizon?
It's almost the only blockchain platform that has come close to Ethereum in terms of popularity, trading volume, app ecosystem, recognition, user base, and other metrics.
✔️ Recently, one company has applied to create a Solana ETF: VanEck.
They believe SOL is as much a digital commodity as BTC or ETH and plan to launch a spot ETF without futures, unlike previous BTC and ETH ETFs.
So far, we have:
📌 Bitcoin Spot ETF: approved and launched earlier this year
📌 Ethereum Spot ETF: approved and
✔️ Recently, one company has applied to create a Solana ETF: VanEck.
They believe SOL is as much a digital commodity as BTC or ETH and plan to launch a spot ETF without futures, unlike previous BTC and ETH ETFs.
So far, we have:
📌 Bitcoin Spot ETF: approved and launched earlier this year
📌 Ethereum Spot ETF: approved and
See original
Solv Protocol x Binance Web3 Wallet (Recommend Airdrop)
💎 Total prize: 150,000 $SOLV
➡️ At 0.15% of the total supply, if the Mcap when listed is $1.5B then the price of 1 SOLV = 10$ ~ Means a prize of around $1.5 million
🗓 END: June 17 23.59 UTC
Step By Step Tutorial
1️⃣ Set up your Binance web3 wallet
2️⃣ Prepare BTCB & BNB to your wallet
3️⃣ Deposit 0.0001 BTB to SOLV Protocol
4️⃣ Open the Solv protocrol promotional banner, send details there
How to get BTCB
1️⃣ Buy BTC on the Binance spot market, then send it to the Binance webe wallet, using the Binance smart chain network
2️⃣ After that BTC will automatically become BTCB
___
✔️ SOLV PROTOCOL INFO:
Solv Protocol is a Crypto yield protocol supported by decentralized finance.
Solv is backed by Binance Labs, NOMURA Group, Mirana, Blockchain Capital, and more.
Solv has achieved a TVL of over $122 million, delivering high-quality results to over 35,000 users.
Official Announcement & Tutorial
💎 Total prize: 150,000 $SOLV
➡️ At 0.15% of the total supply, if the Mcap when listed is $1.5B then the price of 1 SOLV = 10$ ~ Means a prize of around $1.5 million
🗓 END: June 17 23.59 UTC
Step By Step Tutorial
1️⃣ Set up your Binance web3 wallet
2️⃣ Prepare BTCB & BNB to your wallet
3️⃣ Deposit 0.0001 BTB to SOLV Protocol
4️⃣ Open the Solv protocrol promotional banner, send details there
How to get BTCB
1️⃣ Buy BTC on the Binance spot market, then send it to the Binance webe wallet, using the Binance smart chain network
2️⃣ After that BTC will automatically become BTCB
___
✔️ SOLV PROTOCOL INFO:
Solv Protocol is a Crypto yield protocol supported by decentralized finance.
Solv is backed by Binance Labs, NOMURA Group, Mirana, Blockchain Capital, and more.
Solv has achieved a TVL of over $122 million, delivering high-quality results to over 35,000 users.
Official Announcement & Tutorial
⚡️ IERC 20 has introduced a series of efficient and fuel-efficient indices built on Ethereum ⚡️
♾ The integration between PoW & DPoS in its mechanism makes IERC20 very fair and safe
✔️ The outstanding achievement of IERC20 is a TVL of up to $25M with a Stake Ratio of 60%, making it the top 100 protocol on the Ethereum network.
A lot of projects collaborate with IERC20 such as Swagga, Sparkle, MM3, Hella Labs and others 👌
Let's note that this will be a hot project of 2024
Telegram : https://t.me/IERC20OFFICIAL
Twitter : https://twitter.com/EthinscXYZ
♾ The integration between PoW & DPoS in its mechanism makes IERC20 very fair and safe
✔️ The outstanding achievement of IERC20 is a TVL of up to $25M with a Stake Ratio of 60%, making it the top 100 protocol on the Ethereum network.
A lot of projects collaborate with IERC20 such as Swagga, Sparkle, MM3, Hella Labs and others 👌
Let's note that this will be a hot project of 2024
Telegram : https://t.me/IERC20OFFICIAL
Twitter : https://twitter.com/EthinscXYZ
See original
A prominent figure in the Russian crypto world, named Valeria Fedyakina (known as Bitmama), swindled more than $150 million (Rp. 2.2 trillion).
Reportedly, several years ago, Valeria began to actively engage with local companies and individuals in the crypto-fiat exchange business. While building a relationship of trust and friendship, he launched his own money exchange business and then offered crypto investments with returns of up to 1% for three days. He quickly became one of the most influential and trusted figures in the local crypto scene. However, a few days ago, his website stopped working, and he stopped responding to all communications.
The amount of $150 million (Rp. 2.2 trillion) stolen is a preliminary estimate because most of Valeria's clients are businessmen and criminals involved in money laundering. As a result, not all of them reported their losses but it is known that the minimum investment amount received was $1 million (Rp. 15 billion).
Most likely none of the defrauded users will report the case to the police. Instead, they are now trying to unite the victims and find alternative solutions to this problem.
Reportedly, several years ago, Valeria began to actively engage with local companies and individuals in the crypto-fiat exchange business. While building a relationship of trust and friendship, he launched his own money exchange business and then offered crypto investments with returns of up to 1% for three days. He quickly became one of the most influential and trusted figures in the local crypto scene. However, a few days ago, his website stopped working, and he stopped responding to all communications.
The amount of $150 million (Rp. 2.2 trillion) stolen is a preliminary estimate because most of Valeria's clients are businessmen and criminals involved in money laundering. As a result, not all of them reported their losses but it is known that the minimum investment amount received was $1 million (Rp. 15 billion).
Most likely none of the defrauded users will report the case to the police. Instead, they are now trying to unite the victims and find alternative solutions to this problem.
See original
The New York State Department of Financial Services (NYDFS) requires higher standards for the recording and delisting of coins. NYDFS asked virtual currency companies registered in the state to submit new coin listing and delisting policies. After receiving approval, the company can self-certify its listing without seeking approval from the NYDFS. However, the company must still provide written notice to the NYDFS before using the coins and must keep the regulator informed of all coins offered or used.
The new framework calls for crypto companies to design their coin listing policies in three areas:
⚫ Governance for the coin listing process
⚫ Coin risk assessment
⚫ Procedure for monitoring coins
The new framework calls for crypto companies to design their coin listing policies in three areas:
⚫ Governance for the coin listing process
⚫ Coin risk assessment
⚫ Procedure for monitoring coins
Onlyfans Invest in Ethereum!
Adult content service Onlyfans has allocated Part of its working capital to buy $19.9 million worth of ETH.
According to their financial statements the investment has suffered an impairment loss of around $8.5 million as of November 30, 2022, so the Ethereum amount is currently worth $11.4 million.
Adult content service Onlyfans has allocated Part of its working capital to buy $19.9 million worth of ETH.
According to their financial statements the investment has suffered an impairment loss of around $8.5 million as of November 30, 2022, so the Ethereum amount is currently worth $11.4 million.
The US District Judge upheld the US Copyright Office's assertion that AI-generated art does not qualify for copyright protection.
This decision comes amid concern about AI potentially replacing human artists and writers.
The judge highlighted that copyright law aims to encourage human creativity and innovation.
This decision comes amid concern about AI potentially replacing human artists and writers.
The judge highlighted that copyright law aims to encourage human creativity and innovation.
Avalanche To Unlock 9.54 Million AVAX, Worth $103M On August 26
This week, on August 26, Token Unlocks has shown that Avalanche will be unlocking 9.54 million AVAX.
This accounts for about 2.77% of the total supply, which equates to approximately $103 million.
The allocation breakdown is as follows: 2.25 million for strategic partners, 1.67 million for foundations, 4.5 million for teams, and 1.13 million for airdrops.
As of now, the current price of AVAX is $10.81 and the 24-hour trading volume is about $80 million.
The Avalanche Foundation last week gr
This accounts for about 2.77% of the total supply, which equates to approximately $103 million.
The allocation breakdown is as follows: 2.25 million for strategic partners, 1.67 million for foundations, 4.5 million for teams, and 1.13 million for airdrops.
As of now, the current price of AVAX is $10.81 and the 24-hour trading volume is about $80 million.
The Avalanche Foundation last week gr
👀 Crypto market highlights of the week:
1. Telegram has been 10 years since its launch
2. The Taiwan Financial Supervisory Commission releases draft cryptocurrency regulations
3. First Bitcoin spot ETF launched in Europe
4. Binance Connect is shutting down and OpenSea is discontinuing BSC support on its platform
5. Global private wealth fell for the first time since the 2008 financial crisis
6. SpaceX sells $373 million Bitcoin investment, making BTC price fall 8% in 10 minutes
7. Evergrande filed for Chapter 15 bankruptcy protection
8. Bitcoin Ordinals trading volume has fallen by 97% when compared to May
1. Telegram has been 10 years since its launch
2. The Taiwan Financial Supervisory Commission releases draft cryptocurrency regulations
3. First Bitcoin spot ETF launched in Europe
4. Binance Connect is shutting down and OpenSea is discontinuing BSC support on its platform
5. Global private wealth fell for the first time since the 2008 financial crisis
6. SpaceX sells $373 million Bitcoin investment, making BTC price fall 8% in 10 minutes
7. Evergrande filed for Chapter 15 bankruptcy protection
8. Bitcoin Ordinals trading volume has fallen by 97% when compared to May
Ethereum Price Saw Key Technical Correction, But 100 SMA Is Still Strong
Ethereum price is attempting a recovery wave above the $1,620 level against the US Dollar.
ETH could start a fresh decline if it stays below the 100 hourly SMA.Ethereum is struggling to recover above the $1,690 and $1,700 levels.
The price is trading below $1,700 and the 100-hourly Simple Moving Average.There was a break above a connecting bearish trend line with resistance near $1,670 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could resume its decline if it stays below
ETH could start a fresh decline if it stays below the 100 hourly SMA.Ethereum is struggling to recover above the $1,690 and $1,700 levels.
The price is trading below $1,700 and the 100-hourly Simple Moving Average.There was a break above a connecting bearish trend line with resistance near $1,670 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could resume its decline if it stays below
Ripple Now In Bank for International Settlements (BIS) Panel XRP Rally Ahead?
Ripple, the company behind popular cryptocurrency XRP, has been announced as an official partner of a key subgroup under a Bank for International Settlements (BIS) committee. This could be a massive development in the company’s pursuit to create a crypto ecosystem between central banks around the world.
Ripple Named As Key BIS Committee PartnerThis announcement comes at a time when the altcoin is back to being in bullish space thanks to the recently delivered Summary Judgment in the Ripple laws
Ripple Named As Key BIS Committee PartnerThis announcement comes at a time when the altcoin is back to being in bullish space thanks to the recently delivered Summary Judgment in the Ripple laws
Mastercard has initiated a program of working with several blockchain and payment technology providers, including Ripple, ConsenSys, and Fireblocks, to explore and promote CBDC.
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BURNGMT
33.1M views
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$LUNC
🚨 LUNC TOKEN PRICE CRASHED 🚨
👀 LUNC Token price dumped 20.89% in just 24 trading hours . 😱
👀 LUNC TOKEN lost almost it's all bullish candles that was gained in previous weeks bullish Trend & according to my research it's best time to entry in market .
🔥🔥🔥 VOTING BURN MECHANISM AND GMT LOCKING EXPLAINED: 😮
The Voting Burn Mechanism is a novel approach designed to engage token holders in the governance and reward structure of the GMT ecosystem. At its core, this mechanism allows users to burn (permanently remove) their GMT tokens to participate in ecosystem decisions and earn rewards. Here's how it works:
1. 60-Day GMT Lock: When participants decide to take part, they must lock their GMT tokens for a period of 60 days. This lock-up ensures commitment to the ecosystem and prevents short-term speculative behavior. During this period, locked tokens cannot be traded, but participants retain the opportunity to influence ecosystem governance by voting on proposals.
2. 100M GMT Reward Pool: A substantial incentive pool of 100 million GMT tokens is set aside to reward participants. Rewards are distributed proportionally based on the number of tokens locked and the level of engagement in the voting process. The pool not only incentivizes active participation but also ensures fairness by rewarding committed users who contribute to ecosystem development.
3. Burning Mechanism: To enhance token scarcity and long-term value, participants are required to burn a portion of their GMT tokens during the process. This reduces the circulating supply, potentially increasing the token's value over time.
This innovative mechanism blends governance, user incentives, and tokenomics to create a sustainable and participatory ecosystem. It benefits both the users, who earn rewards, and the GMT network, which gains value and strengthened governance.
#BURNGMT @GMT DAO $GMT
#BinanceNextWave #2024WithBinance #Share1BNBDaily #Write2Earn! $ME
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