Bitcoin has risen this morning to surpass $114,000, and Ethereum has risen to surpass $3,600.
Mars Finance reports that on August 6, according to market data, Bitcoin rose this morning to surpass $114,000, with a 24-hour decline narrowing to 0.78%; Ethereum rose to surpass $3,600, with a 24-hour decline narrowing to 2.89%.
Zhao Changpeng requests to dismiss the FTX trust's $1.76 billion claim against him.
Mars Finance reports that according to Bloomberg, Zhao Changpeng requested the U.S. Delaware bankruptcy court to dismiss the FTX trust's $1.76 billion recovery lawsuit against him. The trust claims that this fund was improperly transferred to Binance by SBF (Sam Bankman-Fried).
In a motion submitted on Monday, Zhao Changpeng stated that he is a resident of the UAE, and the trust cannot prove that he is under the jurisdiction of Delaware. He emphasized that the relevant claims have little connection to the U.S., and the laws involved do not have extraterritorial applicability.
Previously, the trust and FTX Digital Markets sued Binance and several executives over a share repurchase agreement with SBF from July 2021. In July of this year, two former Binance executives applied to be dismissed from the lawsuit. Zhao Changpeng claimed he was merely the 'nominal counterparty' in the transaction, accusing FTX of 'unreasonably' blaming Binance for its bankruptcy.
He also pointed out that serving U.S. legal documents to foreign defendants is improper, which would invalidate the complaint. Zhao Changpeng further expressed that U.S. bankruptcy law does not clearly apply to offshore fund transfers.
The lending protocol Jupiter Lend will be launched in phases, with private testing about to begin.
Mars Finance reports that according to Jupiter's announcement, the lending protocol Jupiter Lend will be launched in phases, starting with a private beta for those on the waiting list today. The official public version, which will launch later in August, will offer up to 95% loan-to-value ratio (LTV), near-zero liquidation penalties, multiple vaults, and attractive annual percentage yields (APY).
A certain whale increased their Ethereum short position to 70,000 ETH, with a liquidation price of $3,686.
Mars Finance reports that according to @EmberCN monitoring, '[Four War ETH 75% Winning Rate Whale]' continued to short ETH this morning: at 6 AM, they were still adding to their short position on ETH, currently holding as much as 70,000 ETH (approximately $252 million) in short positions. Position details: 15x leverage shorting 70,000 ETH worth $252 million, opening price $3,618, liquidation price $3,686, unrealized profit over $1.33 million.
'Insider Trader' stops loss on Ethereum short position, with their Bitcoin short liquidation price at $114,491.
Mars Finance reports that according to EmberCN monitoring, 'Insider Trader' @qwatio one hour ago closed their ETH short position to protect their BTC short from liquidation. They currently hold only $115 million worth of BTC shorts, with a liquidation price of $114,491. The current price of BTC is only $400 away.
Coinbase adds DYDX to its asset listing roadmap.
Mars Finance reports that on August 6, Coinbase announced it will add DYDX to its asset listing roadmap.
Trump: Vance is the most likely candidate for the next presidential election.
Mars Finance reports that U.S. President Trump stated on Tuesday that current Vice President Vance is 'most likely' to become the successor of his 'Make America Great Again' (MAGA) movement.
Secretary of State Rubio stated earlier on Fox News that if Vance decides to run, he would be a great nomination choice, to which Trump responded: 'I think he (Vance) is most likely.'
He added, 'We have some very outstanding talent, and some of those people are sitting on this stage today. So it's too early to talk about this now, but what’s certain is that Vance is doing a fantastic job right now, and he is probably the most favored candidate.' Earlier that day, Trump stated in an interview with CNBC that he 'might not' seek a third presidential term.
Tether CEO: 40% of blockchain transaction fees across the network come from USDT transfers.
Mars Finance reports that on August 6, Tether CEO Paolo Ardoino disclosed that '40% of blockchain transaction fees across the network are for USDT transfers. This covers 9 chains: Ethereum, TRON, TON, Solana, BSC, Avalanche, Arbitrum, Polygon, and Optimism. In emerging markets, hundreds of millions of people use Tether's digital dollar USDT daily to protect their families from currency devaluation and inflation. Those blockchains that focus on reducing gas fees and support USDT for transaction fees will dominate the world in the future.'
Coinbase will list Succinct (PROVE).
Mars Finance reports that on August 6, Coinbase will add support for Succinct (PROVE) (ERC-20 token) on the Ethereum network. If liquidity conditions are met, trading will begin later today. Once the supply of the asset is sufficient, trading for the PROVE-USD pair will be launched in phases.
