Kovman
I have a dream that Binance will make me a fortune.
Open Trade
Occasional Trader
4.9 Years
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According to Bloomberg, Tether Holdings, the company behind the USDT stablecoin, has dropped plans to launch its own private blockchain. Company officials stated that it doesn’t really matter which blockchain USDT is traded on, as long as the highest levels of security and sustainability are maintained.
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🇷🇺 According to Kommersant, Russia will launch two cryptocurrency exchanges and stablecoins tied to the Yuan and BRICS currencies.
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Soneium, the Ethereum layer 2 (L2) network developed by Sony Group in partnership with Startale Labs, will be available in the coming weeks. Powered by Optimism Rollup technology, Soneium is built on the OP Stack infrastructure offered by the Optimism blockchain ecosystem.
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Grayscale Investments has announced the Grayscale Avalanche Trust, which offers institutional investors the ability to invest exclusively in AVAX, the native cryptocurrency of the Avalanche blockchain network.
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Magic Eden Starts a New Era in the NFT and Crypto World
Magic Eden has made a splash with a new mobile wallet app that allows users to trade NFTs and exchange popular cryptocurrencies like Bitcoin, Ethereum, Solana, and more. The innovative app will also offer ME tokens issued by the ME Foundation, which was created to support the Magic Eden ecosystem.
The application, which stands out with its ability to exchange digital assets on five different blockchains (Bitcoin, Ethereum, Solana, Polygon and Base), takes the user experience to the next level. In its future plans, Magic Eden aims to include services that provide additional income to its owners, such as staking tokens. With these developments, Magic Eden heralds the beginning of a new era in the world of NFT and cryptocurrency.
The application, which stands out with its ability to exchange digital assets on five different blockchains (Bitcoin, Ethereum, Solana, Polygon and Base), takes the user experience to the next level. In its future plans, Magic Eden aims to include services that provide additional income to its owners, such as staking tokens. With these developments, Magic Eden heralds the beginning of a new era in the world of NFT and cryptocurrency.
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Vitalik Buterin praised Optimism’s standardization efforts to increase the scalability of asset transfers in the Ethereum ecosystem.
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Stepn Go has signed an exciting partnership with popular watch brand G-Shock on the X platform. As the first fruit of this collaboration, Stepn Go Genesis Sneakers have been released in four different models inspired by the iconic G-Shock watches. The new series also makes a special reference to the G-Squad series.
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🇦🇪 Tether, the world's largest stablecoin provider, announced on August 21 that it will partner with Abu Dhabi Exchange-listed cryptocurrency firm Phoenix Group (PHX) to launch a new token pegged to the United Arab Emirates dirham (AED).
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🇸🇻 The National Bitcoin Office (ONBTC), affiliated with the Presidency of El Salvador, will soon launch a certification program to provide Bitcoin training to 80,000 Salvadoran public employees. It also announced that public schools will begin Bitcoin education with open-source Bitcoin courses 'Mi Primer Bitcoin' and 'Node Nation'.
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🇧🇷 Solana ETFs continue to gain traction in Brazil! Local asset manager Hashdex will launch its second Solana ETF in partnership with BTG Pactual. This new product will offer Brazilian investors easier access to the Solana ecosystem.
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The U.S. Securities and Exchange Commission (SEC) has rejected CBOE’s Solana ETF applications submitted by 21Shares and VanEck, according to The Block.
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A Bitcoin address that had been dormant for nearly 11 years has been reactivated, with $1.45 million worth of Bitcoin in the address making it the seventh largest cryptocurrency to be woken up this month, according to data from Whale Alert.
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According to IntoTheBlock data, the Aave network has been experiencing significant activity this month, with the number of active addresses doubling compared to the last three months, indicating increased usage of the network.
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96.42% of Arbitrum (ARB) traders are at a loss. $ARB, which is trading 77% below ATH, is up 2% (0.54 cents) in the last 24 hours.
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Elon Musk's new "Doge" move! In the image he shared, Musk, who is seen speaking on a podium decorated with the Dogecoin logo, brought this cryptocurrency back to the agenda. After this share, the value of Dogecoin increased by more than 2%. Musk's "I am ready to serve" message excited investors.
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Kamala Harris is considering SEC Chairman Gary Gensler as Treasury Secretary if elected president, according to Senate sources.
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🇮🇹 An important step has been taken in the Italian banking sector! Banca Sella, a traditional bank, has opened the doors of the cryptocurrency world to its customers. Now bank customers will be able to carry out Bitcoin trading transactions on a reliable platform. This development shows that interest in cryptocurrencies is increasing in Italy.
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MicroStrategy CEO Michael Saylor thinks that fair regulations, transparent accounting practices, and allowing big banks to store Bitcoin could increase the price of Bitcoin by 100x.
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TRON: Next Generation Meme Coin Factory
TRON has now become a new playground for meme coin enthusiasts. On August 13, Sun.io, a platform affiliated with Justin Sun, introduced the SunPump protocol, which allows users to easily create meme coins without needing coding knowledge. With this development, more than 1,000 new meme coins are being produced on the TRON network per day.
According to the data, since the launch of SunPump, 4,844 new meme coins have been created, generating approximately $246,600 in TRX (TRON’s native cryptocurrency). In just a few days, by August 17, the platform has seen remarkable growth, generating over $1.5 million in revenue.
According to the data, since the launch of SunPump, 4,844 new meme coins have been created, generating approximately $246,600 in TRX (TRON’s native cryptocurrency). In just a few days, by August 17, the platform has seen remarkable growth, generating over $1.5 million in revenue.
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