Following Kamala Harris’s decision to select Minnesota Governor Tim Walz as her running mate, a new meme coin on the Solana blockchain emerged, named tem walz (WALZ). The token experienced a spike on Tuesday, coinciding with Harris’s announcement, with its market cap nearly touching $1 million. However, today, the market valuation of WALZ has decreased […] Source CryptoX Portal
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In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market. Hayes begins by discussing the potential actions of the US Vice President Kamala Harris in response to an impending financial crisis, influenced by her need to secure electoral victory. He predicts, “Harris will instruct Yellen to use the monetary tools available to her to avert a financial crisis,” suggesting…
The U.S. Federal Bureau of Investigation (FBI) issued a warning to crypto traders last week about scammers who steal funds by posing as exchange employees. The FBI notes that these fraudsters will contact victims and pretend there are problems with their exchange accounts. The scammers, acting like exchange employees, will stress urgency, often claiming a hacker is trying to compromise the victim’s account, in a bid to convince the victim to provide personal information to “protect” their funds. The FBI encourages traders to never provide their account log-in information to…
Michael Saylor, the executive chairman of MicroStrategy, has revealed his personal Bitcoin holdings amount to $1 billion. Saylor, a prominent Bitcoin (BTC) advocate, has been a vocal proponent of Bitcoin’s potential, predicting future value increases and advocating for it as a great option for long-term capital management. JUST IN: Michael Saylor says he personally owns more than $1 billion worth of #Bitcoin. — Watcher.Guru (@WatcherGuru) August 7, 2024 MicroStrategy, under Saylor’s leadership, has also amassed a substantial Bitcoin reserve, holding approximately 226,500 BTC as of Aug. 1. “I think we…
Tokenized short-term liquidity funds have found product-market fit across institutions, Web 3.0 investment firms, blockchain foundations, and other crypto-native organizations this year. Six products each reached $100-plus million and one reached the $500 million mark in July 2024, eclipsing $2 billion in collective flows. Source
The concept of DePIN aims to create decentralized infrastructures that empower end-users by providing more affordable services. A unique use case of DePIN is that it enables each participant in an ecosystem to collect and contribute data to the network and be paid for their data. Using data assigned to individual users but preserving their privacy through blockchain cryptography and DePIN data sharing, enables insurers to develop more accurate assessments of driving risk for specific driverss. Unlike traditional methods that rely on broad assumptions, DePIN allows for a nuanced understanding…
As regulators scrutinize DeFi more closely, participants need to improve compliance around AML and KYC and make the process easier for customers, says Thomas Gentle, Compliance Officer, Quadrata. Source
The Aug. 5 market plunge reversed Bitcoin’s funding rate for margin positions, potentially setting the stage for a bullish fourth quarter. Pseudonymous CryptoQuant analyst ShayanBTC said that Bitcoin’s (BTC) early-August decline may benefit the digital asset before this year ends. The dip to $49,000 triggered a massive deleveraging sweep, flushing nearly $1 billion in BTC longs. The slump also wiped out over $1.2 billion in crypto margin positions and reset funding rates to negative. As a result, short sellers dominated leveraged positions. According to the CryptoQuant researcher, investors could view…
While the crypto ETFs are already available to investors on other trading platforms, Mox charges a lower fee of 0.12% of transaction volume with a minimum of HK$30 ($3.85) for Hong Kong-listed ETFs and 0.01% with a minimum of $5 for U.S.-listed ETFs. This is the cheapest among banks in the area, Henry Lau, Mox’s head of investment, told the SCMP. Source