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Share link:In this post: Eric Trump has warned his followers not to bet against BTC and ETH. Ethereum recorded a jump above $4,000 to wipe out short positions worth $105 million. Analysts share mixed reactions over ETH’s rally due to its record in the third quarter dating back to 2016.
Share link:In this post: SEC has waived the “bad actor” designation for Ripple after the settlement of their 5-year dispute. The waiver means Ripple can now return to raising capital in the private markets. XRP has seen substantial gains, but analysts say there is more to come.
Share link:In this post: Microsoft has announced that it will discontinue its Lens application in the coming weeks. The company has released the timeline for the removal of the application from the iOS and Android app stores. Microsoft has urged users to switch to the Copilot artificial intelligence application.
Share link:In this post: A Colorado man has pleaded guilty to operating a multi-million-dollar fraudulent investment scheme. The suspect, Timothy McPhee, is also being charged with tax evasion and conspiracy to defraud the United States. McPhee is expected to be sentenced on October 23, facing up to 30 years in prison for his crimes.
Share link:In this post: Ethiopian Electric Power has announced plans to shut down all crypto mining operations in the country. According to the EEP, no new contracts will be taken, and all existing ones will be reconsidered. EEP wants to focus electricity on domestic consumers and strategic industries.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
- 11:37Decentralized multi-chain trading platform NuDEX completes new funding round, led by MetisDAOAccording to ChainCatcher, decentralized multi-chain trading platform NuDEX has completed a new round of financing, led by MetisDAO Foundation, with participation from Flurry Capital, Waterdrip Capital, YBB Capital, and several strategic investors. The new funds are intended for the GOAT chain mainnet upgrade and node network deployment, the development and TSS standardization of the NuOrbit protocol, as well as developer tools and API integration.
- 11:05Trade groups call for blockchain to be included in the UK-US "Tech Bridge" agreementAccording to ChainCatcher, citing Golden Ten Data, ahead of Trump's visit to the UK next week, several British trade groups are urging the government to include blockchain technology in any technological innovation cooperation agreements signed with the United States. In a letter to the UK Business Secretary, more than a dozen groups representing the financial, technology, and cryptocurrency industries stated that distributed ledger technology should be a core component of the "UK-US technology bridge." Trump’s state visit will be accompanied by a delegation of technology leaders, including OpenAI founder Sam Altman and Nvidia CEO Jensen Huang.
- 10:44Brazilian listed company Meliuz launches an options-based Bitcoin strategy to expand its capital reservesChainCatcher news, according to Bitcoin.com, Brazilian listed company Meliuz has launched a new strategy aiming to continue increasing its bitcoin holdings in a low-risk manner. Specifically, the company plans to implement an options-based strategy, using these derivatives and bitcoin price volatility to expand its current reserve of over 600 bitcoins. According to local media reports, Meliuz will sell put options with specific strike prices. For example, by selling option contracts with a strike price of $95,000, if the bitcoin price is above this level at expiration, the company can earn the option premium. To control risk, these options are collateralized with less than 10% of the company's operating cash reserves. Meliuz also stated that this innovative strategy is supported by "professional partners" in the relevant trading field, but did not disclose specific institution names.