Rhythm Morning News｜A summary of important news from last night and this morning on August 29
1. The price of Neiro on the Ethereum chain exceeded $0.00008, with a 24-hour increase of 41.02%. 2. Bitcoin rebounded and briefly exceeded $59,000 3. Affected by the end of Pavel Durov's detention, TON rose by more than 12% in a short period of time 4. There is only one week left for Ethena's second quarter airdrop event, and TVL fell below $3 billion 5. Ethereum's average transaction fee hit a record low last week
Neiro on Ethereum chain breaks through $0.00008, 24-hour increase of 41.02%
BlockBeats news, on August 29, according to market data, Neiro on Ethereum chain broke through $0.00008, and is now quoted at $0.00008157, a 24-hour increase of 41.02%.
BlockBeats reminds users that meme coins have no actual use cases, and prices fluctuate greatly, so investment should be cautious.
FLOKI broke through 0.00015 US dollars, up more than 9% in 24 hours
BlockBeats news, on August 29, according to HTX market data, FLOKI broke through 0.00015 US dollars and is currently quoted at 0.00015717 US dollars, up 9.31% in 24 hours.
DOGS rose above $0.0015, and the 24-hour increase expanded to 21.16%
BlockBeats news, on August 28, according to HTX market data, DOGS rose above $0.0015 and is currently quoted at $0.00157, with a 24-hour increase expanded to 21.16%.
Ethereum fell below $2,500, down 3.83% in 24 hours
BlockBeats news, on August 28, according to HTX market data, Ethereum fell below $2,500, and is now quoted at $2,490, down 3.83% in 24 hours.
Bitcoin rebounded and briefly broke through $59,000, up about 2% in the past hour
BlockBeats news, on August 29, according to HTX market data, Bitcoin rebounded and briefly broke through $59,000, and is now quoted at $58,980, up about 2% in the past hour.
BlockBeats news, on August 28, according to Coinglass data, if Bitcoin falls below $58,000, the cumulative long order liquidation strength of mainstream CEX will reach 471 million;
On the contrary, if Bitcoin rebounds above $60,000, the cumulative short order liquidation strength of mainstream CEX will reach 389 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. The columns on the liquidation chart actually show the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation column" means that the price will react more strongly to the liquidity wave after it reaches it.
The total market value of cryptocurrency fell below $2.2 trillion, a 24-hour drop of 6.5%
BlockBeats news, on August 28, according to CoinGecko data, the total market value of cryptocurrency fell below $2.2 trillion, currently at $2.179 trillion, a 24-hour drop of 6.5%.
In addition, Bitcoin currently has a market share of 53.9%, while Ethereum has a market share of 13.6%.
Affected by the end of Pavel Durov's detention, TON rose by more than 12% in a short period of time
BlockBeats news, on August 28, according to HTX market data, affected by the end of Pavel Durov's detention, TON rose by more than 12% in a short period of time, reaching $5.98, and is now quoted at $5.67.
BlockBeats previously reported that Telegram founder Pavel Durov was transferred to court for questioning from a French police detention center on Wednesday for possible prosecution.
Nvidia's US stocks fell nearly 5% after the market closed
BlockBeats reported that on August 29, according to market data, Nvidia's US stocks fell nearly 5% after the market closed after the earnings report was released.
Ethereum's average transaction fee hit a record low last week
BlockBeats news, on August 28, Lucas, head of research at IntoTheBlock, posted on social media that the average transaction fee on the Ethereum mainnet just hit a record low last week (in ETH), only 0.000405 ETH.
Polymarket TVL exceeds $100 million
BlockBeats news, on August 28, according to DefiLlama data, Polymarket TVL exceeded $100 million, reaching $102.9 million, an increase of 25.98% in the past month.
Russian News Agency: Telegram founder Pavel Durov has been brought to court
BlockBeats news, on August 28, according to Russian News Agency, Telegram founder and CEO Pavel Durov was brought to court at around 1 pm UTC. Russian News Agency reporters reported earlier that day that two cars with flashing police lights drove away from the National Anti-Fraud Bureau building in the suburbs of Paris at high speed, possibly escorting Pavel Durov.
BNB Chain launches official cross-chain bridge to enhance user experience
BlockBeats reported that on August 28, BNB Chain, in collaboration with Celer, deBridge and Stargate, launched BNB Chain Bridge, aiming to enhance cross-chain connectivity, liquidity and user experience on BNB Chain.
BNB Chain said that integrating these advanced cross-chain protocols will improve the capital efficiency of assets on BNB Chain and promote the development of a wider range of DeFi products and services.
BlockBeats news, August 29, according to official news, Solana Labs announced that the second phase of the incubator Solana Incubator application is now open, the application deadline is October 4, 4 to 6 high-quality teams will be selected from January to April 2025 in New York City to work directly with Solana Labs to meet their specific needs, including participation in blockchain development, design and product launch planning, fundraising support and venture capital introductions.
BlockBeats news, on August 29, Jupiter announced that its spot trading has integrated pump.fun and Moonshot. Users can start trading immediately after searching for any token contract address (CA) and use a full set of spot trading tools including limit orders, DCA and value averages.
Trump's second son: New encryption project World Liberty Financial is now online
BlockBeats news, on August 29, Eric Trump, the second son of former US President Donald Trump and current executive vice president of the Trump Group, posted on social media, "I am very happy to announce the launch of World Liberty Financial. A new era of finance has arrived."
BlockBeats news, August 28, according to Arabian Business reported that the UAE-based Web3 streaming platform Myco announced the completion of a $10 million Series A financing, Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners and Enjinstarter participated in the investment. The company's valuation in this round of financing reached $80 million. The new funds will be used to further expand the Middle East and North American markets. Previously, Myco also announced a partnership with the Aptos Foundation to achieve decentralization of streaming content on the Aptos blockchain.
Mycomyco is a content traffic dApp that supports seamless integration of AVOD and SVOD functions in a decentralized environment, and uses the Web3 economic layer to provide viewers and content owners with real empowerment and ownership. The vision is driven by the current content covers live sports, movies, documentaries, and UGC content.
ParaFi Capital has raised $120 million to acquire shares in other crypto funds
BlockBeats reported that on August 29, according to Bloomberg, New York-based digital asset management company ParaFi Capital raised $120 million, with Theta Capital Management and Accolade Partners participating.
ParaFi’s new strategy is to use part of the funds to acquire general partner stakes in other crypto funds that focus on specific market sectors, strategies or geographies. ParaFi founder Ben Forman said in an interview that the company plans to build a portfolio of 30 to 50 such stakes in the next three to five years.
TON Status: Node updates will be released in the next few days to address recently discovered issues
BlockBeats reported that on August 28, TON Status said that block production has now resumed and remains stable. In the next few days, node updates will be released to address recently discovered issues.
BlockBeats previously reported that at 9:00 on August 28, according to Tonscan data, the TON network was suspected to be down and had not produced blocks for more than 3 hours. The last main chain block was marked at 06:11:46.
Only one week left for Ethena’s second season airdrop, TVL falls below $3 billion
BlockBeats news, on August 28, according to @ai_9684xtpa monitoring, there is only one week left before the end of Ethena’s second season airdrop (September 2), and the current Ethena TVL is $2.92 billion, which has fallen below $3 billion, a loss of more than $600 million from the TVL peak of $3.612 billion in early July; according to DeFiLama data, its TVL has only had two days of net growth since August, and the net outflow of assets is as high as $280 million. For example, three addresses of Abraxas Capital Mgmt redeemed USD 91.22 million from Ethena in the past week, and its fund volume ranked first among the redemption addresses.
According to Ethena Dashboard data, its protocol yield and sUSDe yield reached a peak of 113.34% in early March. As of August 21, the protocol yield was only 1.38%, and the sUSDe yield was only 2.93%. It can be clearly seen from the line chart that the platform yield is very obviously positively correlated with the market. Due to Ethena's product mechanism, the pledge income and short funding rate in a bull market will bring it considerable income, while it will be relatively weak when the market is cold or bearish.
In summary, the Sats activity will last from April 2 to September 2, and will automatically terminate when the supply of stablecoin USDe reaches 5 billion US dollars. The specific amount and rules of the airdrop have not been disclosed yet.
BlockBeats news, on August 29, according to the East Net report, after in-depth analysis, the Hong Kong law enforcement department smashed three money laundering groups this month and successfully arrested 27 people. The investigating police officer said that in March this year, the Hong Kong law enforcement department received an investigation request from the Singaporean authorities, pointing out that more than 30 fraud cases occurred in the local area, of which about 30 million Hong Kong dollars worth of fraudulent funds flowed into puppet accounts in Hong Kong after multiple transfers.
Hong Kong police officers immediately launched an analysis and investigation, and subsequently identified the group involved. They found out that the group leader would accompany the puppet to open a bank account, and then use the account to receive the criminal proceeds from Singapore. The money was then laundered through frequent transfers. It is believed that the amount laundered in the past year was as much as HK$100 million. In August this year, Hong Kong law enforcement agencies launched an operation codenamed "Black Brain", arresting a total of 7 people including the mastermind, core members and puppet account holders of the syndicate. At the same time, about HK$300,000 in cash and more than 60 bank cards were seized from one of the arrested persons, and the syndicate was promptly prevented from transferring about HK$1.3 million in criminal proceeds from the account. Five of the arrested persons have been charged with the crime of "money laundering".
On the 19th and 20th of this month, Hong Kong law enforcement agencies launched Operation Weige to target another money laundering group, during which 8 men and 3 women (aged 21 to 55) were arrested on suspicion of "money laundering" and "conspiracy to launder money", and about HK$460,000 in cash, mobile phones and bank cards of the arrested persons were seized. The arrested persons were reported to be insurance brokers, salesmen, drivers and construction workers respectively. The case is still under investigation and more arrests are not ruled out.
Investigating police officers pointed out that the group suspected that between March last year and May this year, it used at least 43 local bank accounts to collect more than HK$20 million in fraudulent funds and laundered about HK$200 million in criminal proceeds. In order to evade investigation, the group members used a large number of account transfers and made multiple cash withdrawals to purchase virtual currencies on local virtual asset trading platforms in an attempt to launder the black money. In addition, law enforcement agencies targeted a money laundering group in May this year, revealing that the group controlled 7 local bank accounts and laundered the criminal proceeds of illegal online gambling platforms from Southeast Asia from May to July, involving HK$13 million. Once the black money was transferred into the account, the group members would use bank ATMs to withdraw money to buy virtual currencies. On the 27th and 28th, police officers conducted an operation codenamed "Ghost Warrior" and arrested 7 men and 2 women (aged 19 to 38) on suspicion of "money laundering" or "conspiracy to launder money", and seized HK$490,000 in cash, 37 mobile phones and 120 bank cards. According to data, in the first half of this year, law enforcement agencies arrested 5,693 people for money laundering related crimes, a 40% increase over the same period last year; 4,465 of them were puppet account holders, accounting for 78% of the arrested persons.
Federal Reserve Chairman Bostic: Rate cuts should be brought forward to the third quarter
BlockBeats news, on August 29, Federal Reserve Chairman Bostic said that if interest rates need to be raised again after the rate cut, this is not a good idea. Inflation has fallen faster than expected, and the increase in unemployment has far exceeded my expectations. By historical standards, the labor market is still quite strong. We can't wait until inflation falls to 2% to change restrictive policies. We still need to work hard on inflation. This means we should bring forward the rate cut to the third quarter. (Jinshi)
Yesterday, the U.S. Bitcoin spot ETF had a net outflow of $105 million
BlockBeats news, on August 29, according to Trader T monitoring data, the U.S. Bitcoin spot ETF had a net outflow of $105 million yesterday.
Yesterday, the U.S. Ethereum spot ETF had a net inflow of $5.85 million
BlockBeats news, on August 29, according to Trader T monitoring data, the U.S. Ethereum spot ETF had a net inflow of $5.85 million yesterday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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