#TrumpBitcoinEmpire The cryptocurrency market has increased | Ashraf Hossain Chowdhury on Binance Square

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Ashraf Hossain Chowdhury

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#TrumpBitcoinEmpire The cryptocurrency market has increased for two consecutive days, the NFT sector has been the leader of the rise in the last 24 hours, with an increase of 9.62 %. The

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$ENA A U.S. federal judge, Jessica Clarke, has rejected a request from MIT graduates Anton and James Peraire-Bueno to dismiss a $25 million cryptocurrency fraud case against them. The brothers are accused of taking advantage of a vulnerability in the Ethereum network in May 2024. Prosecutors say they deployed 16 validator nodes and over 529 ETH to carry out a complex four-step arbitrage strategy, aiming to intercept profits from MEV bots—all within a span of just 12 seconds. Although the defence argued that the Ethereum system’s design permitted their actions, the judge ruled that what they did still qualified as wire fraud. The case is moving forward, with a trial scheduled for October 2025. The Peraire-Bueno brothers remain charged with wire fraud and conspiracy to commit money laundering.

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$CFX CFX has recently been like riding a high-speed train, racing up to recent highs. According to Coin World, on August 3rd, the price of Conflux surged approximately 11.6% within 24 hours, climbing to around $0.215, with trading volume also skyrocketing, indicating a rather enthusiastic market sentiment. CoinDesk pointed out that over the weekend, there was an overall increase of about 14%, leading the CoinDesk20 index by 4%, however, on-chain activity did not increase simultaneously, with three accounts dominating 80% of gas usage, raising concerns among analysts about network centralization. From a technical perspective, an article from CCN noted that CFX has accumulated a rise of 255% over the past 30 days, breaking through the flag consolidation area and forming a MACD golden cross, with strong short-term momentum. If the trend continues, it may challenge the $0.41 level; conversely, if selling pressure returns, it may pull back to the support level around $0.14. Overall, CFX is leading a rebound after the decline, but the fundamentals have not yet caught up, so it will be important to observe whether trading volume can continue and whether on-chain activity is truly increasing. $CFX

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#BTCReserveStrategy Coinbase CEO Brian Armstrong has called on governments around the world to establish strategic Bitcoin reserves, arguing that cryptocurrency represents "the next chapter of capitalism." This comes as several countries are considering adding Bitcoin to their national reserves as a safeguard against inflation and currency devaluation

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#CreatorPad Binance Square Introduces CreatorPad: Earn from a $500,000 WCT Token Pool Binance Square has rolled out CreatorPad, a new feature where verified users can complete easy tasks and earn rewards. The platform is offering $500,000 worth of Wallet Connect (WCT) tokens as incentives. #CreatorPad serves as a central hub for users to take part in activities and get rewarded with crypto — making it easier than ever to earn while engaging on Binance Square. WCT 0.2986 -5.44%

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