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The Web3 company Solayer launched a new travel booking platform called Solayer Travel, operating on the Solana network. The platform is exclusive to holders of their crypto Visa card, the Emerald Card. Unlike traditional online travel agencies (OTAs), Solayer Travel connects directly with suppliers, which, according to research by Alea Research, results in prices that are, on average, 35% lower than those found on sites like Booking, Expedia, and Travala. The platform fully integrates with the Emerald Card, allowing instant payments, budget control, and reward points accumulation. Additionally, cardholders can create sub-cards to manage family or team expenses. This information was disclosed by Techflow. #Solana
The Web3 company Solayer launched a new travel booking platform called Solayer Travel, operating on the Solana network. The platform is exclusive to holders of their crypto Visa card, the Emerald Card.
Unlike traditional online travel agencies (OTAs), Solayer Travel connects directly with suppliers, which, according to research by Alea Research, results in prices that are, on average, 35% lower than those found on sites like Booking, Expedia, and Travala.
The platform fully integrates with the Emerald Card, allowing instant payments, budget control, and reward points accumulation. Additionally, cardholders can create sub-cards to manage family or team expenses. This information was disclosed by Techflow.
#Solana
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O Banco Central de Hong Kong (HKMA) emitiu um alerta público, por meio de seu perfil no Facebook, sobre a circulação de um folheto promocional de stablecoins que usava o seu logotipo indevidamente. O HKMA esclareceu que não emitiu tal material e que ele não é oficial. O comunicado reforça que, em Hong Kong, a oferta de stablecoins fiduciárias a investidores – sejam eles de varejo ou profissionais – só pode ser feita por provedores autorizados. A lista desses provedores inclui: * Emissores de stablecoins com licença. * Empresas com licença da Comissão de Valores Mobiliários (SFC) para atividades regulamentadas (Tipo 1). * Plataformas de negociação de ativos virtuais licenciadas pela SFC. * Bancos. * Empresas com licença de ferramentas de pagamento armazenado. A nota também enfatiza que provedores não autorizados, como as instituições de negociação de ativos virtuais (OTC), não podem oferecer stablecoins. A fonte original da informação é a Wu Blockchain.
O Banco Central de Hong Kong (HKMA) emitiu um alerta público, por meio de seu perfil no Facebook, sobre a circulação de um folheto promocional de stablecoins que usava o seu logotipo indevidamente. O HKMA esclareceu que não emitiu tal material e que ele não é oficial.
O comunicado reforça que, em Hong Kong, a oferta de stablecoins fiduciárias a investidores – sejam eles de varejo ou profissionais – só pode ser feita por provedores autorizados. A lista desses provedores inclui:
* Emissores de stablecoins com licença.
* Empresas com licença da Comissão de Valores Mobiliários (SFC) para atividades regulamentadas (Tipo 1).
* Plataformas de negociação de ativos virtuais licenciadas pela SFC.
* Bancos.
* Empresas com licença de ferramentas de pagamento armazenado.
A nota também enfatiza que provedores não autorizados, como as instituições de negociação de ativos virtuais (OTC), não podem oferecer stablecoins. A fonte original da informação é a Wu Blockchain.
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Vitalik Buterin, o cofundador da Ethereum, recentemente comparou as diferenças culturais entre os Estados Unidos e a China com as diferenças geracionais. Ele destacou que a lacuna cultural entre esses dois países é cerca de quatro vezes maior do que a que existe entre as gerações (com uma diferença de 30 anos). No entanto, Buterin acredita que esse cenário está prestes a mudar. Com a rápida evolução tecnológica e a crescente interconexão global, ele prevê que, no futuro, as diferenças entre gerações se tornarão maiores do que as diferenças culturais nacionais. Essa mudança pode trazer uma série de consequências imprevisíveis. Como exemplo, ele mencionou a possibilidade de tecnologias como a de longevidade serem usadas como ferramentas para a preservação cultural. A informação original é do Odaily.
Vitalik Buterin, o cofundador da Ethereum, recentemente comparou as diferenças culturais entre os Estados Unidos e a China com as diferenças geracionais. Ele destacou que a lacuna cultural entre esses dois países é cerca de quatro vezes maior do que a que existe entre as gerações (com uma diferença de 30 anos).
No entanto, Buterin acredita que esse cenário está prestes a mudar. Com a rápida evolução tecnológica e a crescente interconexão global, ele prevê que, no futuro, as diferenças entre gerações se tornarão maiores do que as diferenças culturais nacionais. Essa mudança pode trazer uma série de consequências imprevisíveis.
Como exemplo, ele mencionou a possibilidade de tecnologias como a de longevidade serem usadas como ferramentas para a preservação cultural. A informação original é do Odaily.
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The co-founders of the cryptocurrency exchange Gemini, brothers Tyler and Cameron Winklevoss, invested in American Bitcoin Corp., a Bitcoin mining company with family ties to former President Donald Trump, according to a Bloomberg report. The company is partially controlled by Trump's sons, Eric and Donald Jr., who hold about 20% of the shares. American Bitcoin Corp. was spun off from the publicly traded miner Hut 8 and plans to become a public company through a merger with Gryphon Digital Mining. Currently, Gryphon's shareholders are voting on the approval of the merger, which will result in Hut 8 and the Trumps retaining 98% of the new entity. Investment Details The Winklevoss brothers' investment was part of a private offering from American Bitcoin Corp., which raised approximately $220 million in cash and Bitcoin. Hut 8's CEO, Asher Genoot, stated that the offering was "oversubscribed." Although the exact amount of the Winklevoss investment was not disclosed, they are known to be significant donors to Trump's campaign. Gemini, the brothers' exchange, is in the process of going public, having submitted a draft registration statement to the Securities and Exchange Commission (SEC) in June. Gemini did not immediately respond to The Block's request for comment. Bloomberg also reported that Eric Trump's stake in the company could be worth up to $367 million after the merger, with the new company being listed on the Nasdaq.
The co-founders of the cryptocurrency exchange Gemini, brothers Tyler and Cameron Winklevoss, invested in American Bitcoin Corp., a Bitcoin mining company with family ties to former President Donald Trump, according to a Bloomberg report. The company is partially controlled by Trump's sons, Eric and Donald Jr., who hold about 20% of the shares.
American Bitcoin Corp. was spun off from the publicly traded miner Hut 8 and plans to become a public company through a merger with Gryphon Digital Mining. Currently, Gryphon's shareholders are voting on the approval of the merger, which will result in Hut 8 and the Trumps retaining 98% of the new entity.
Investment Details
The Winklevoss brothers' investment was part of a private offering from American Bitcoin Corp., which raised approximately $220 million in cash and Bitcoin. Hut 8's CEO, Asher Genoot, stated that the offering was "oversubscribed." Although the exact amount of the Winklevoss investment was not disclosed, they are known to be significant donors to Trump's campaign.
Gemini, the brothers' exchange, is in the process of going public, having submitted a draft registration statement to the Securities and Exchange Commission (SEC) in June. Gemini did not immediately respond to The Block's request for comment.
Bloomberg also reported that Eric Trump's stake in the company could be worth up to $367 million after the merger, with the new company being listed on the Nasdaq.
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Chainlink is implementing a treasury accumulation strategy. Starting August 7, the project introduced the Chainlink Reserve, a new mechanism to convert part of its revenue into LINK tokens. How does the Chainlink Reserve work? Chainlink will use its on-chain and off-chain revenue to strengthen the reserve. Off-chain revenue, coming from businesses, includes service and maintenance fees, while on-chain revenue is generated from usage fees and revenue sharing. All this money is processed by Chainlink's Payment Abstraction system, which converts it into LINK tokens. These tokens are then stored in a smart contract on the Ethereum network, ensuring that the reserve is transparent and visible on Etherscan. Since its launch, the reserve has already accumulated over $1.2 million in LINK tokens. What is the purpose of the reserve? Unlike publicly traded companies like Strategy and Metaplanet, which use reserves to provide exposure to assets for their shareholders, Chainlink has a different purpose. The measure aims to increase the price of the LINK token by associating the company’s performance with the demand for the token. As Chainlink's revenue grows, the need to purchase more LINK tokens for the reserve increases, creating additional demand and reducing the available supply. This strategy is designed to generate upward pressure on the price of LINK in the long term. #ChainlinkUpdate
Chainlink is implementing a treasury accumulation strategy. Starting August 7, the project introduced the Chainlink Reserve, a new mechanism to convert part of its revenue into LINK tokens.
How does the Chainlink Reserve work?
Chainlink will use its on-chain and off-chain revenue to strengthen the reserve. Off-chain revenue, coming from businesses, includes service and maintenance fees, while on-chain revenue is generated from usage fees and revenue sharing.
All this money is processed by Chainlink's Payment Abstraction system, which converts it into LINK tokens. These tokens are then stored in a smart contract on the Ethereum network, ensuring that the reserve is transparent and visible on Etherscan. Since its launch, the reserve has already accumulated over $1.2 million in LINK tokens.
What is the purpose of the reserve?
Unlike publicly traded companies like Strategy and Metaplanet, which use reserves to provide exposure to assets for their shareholders, Chainlink has a different purpose. The measure aims to increase the price of the LINK token by associating the company’s performance with the demand for the token.
As Chainlink's revenue grows, the need to purchase more LINK tokens for the reserve increases, creating additional demand and reducing the available supply. This strategy is designed to generate upward pressure on the price of LINK in the long term.
#ChainlinkUpdate
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On August 5th, the Jupiter platform announced on X that its lending protocol on Solana, Jupiter Lend, has begun private testing. This initial phase is available only to those who were already on the waiting list. The main goal of Jupiter Lend is to offer users features such as: * Maximum LTV (Loan-to-Value) of 95%, * Low liquidation penalties, * Isolated risk, and * Wallet-to-wallet repayment functionality. For lenders, the protocol offers a revenue optimization tool with just one click. Currently, the private test has a loan limit of US$ 1 million per vault and supports only six vaults and some specific assets. The protocol has already undergone an audit, and three more are in progress to ensure security. The public test is expected to launch at the end of August. In this phase, more assets, vaults, Multiply vaults, and incentives from over 10 partners will be added. #Solana
On August 5th, the Jupiter platform announced on X that its lending protocol on Solana, Jupiter Lend, has begun private testing. This initial phase is available only to those who were already on the waiting list.
The main goal of Jupiter Lend is to offer users features such as:
* Maximum LTV (Loan-to-Value) of 95%,
* Low liquidation penalties,
* Isolated risk, and
* Wallet-to-wallet repayment functionality.
For lenders, the protocol offers a revenue optimization tool with just one click.
Currently, the private test has a loan limit of US$ 1 million per vault and supports only six vaults and some specific assets. The protocol has already undergone an audit, and three more are in progress to ensure security.
The public test is expected to launch at the end of August. In this phase, more assets, vaults, Multiply vaults, and incentives from over 10 partners will be added.
#Solana
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On August 5th, the Jupiter platform announced on X that its lending protocol on Solana, Jupiter Lend, has begun private testing. This initial phase is available only to those who were already on the waiting list. The main objective of Jupiter Lend is to provide users with features such as: * Maximum LTV (Loan-to-Value) of 95%, * Low liquidation penalties, * Isolated risk, and * Wallet-to-wallet repayment functionality. For lenders, the protocol offers a one-click revenue optimization tool. Currently, the private test has a loan limit of US$ 1 million per vault and supports only six vaults and a few specific assets. The protocol has already undergone an audit, and three more are in progress to ensure security. The public test is expected to be launched at the end of August. In this phase, more assets, vaults, Multiply vaults, and incentives from over 10 partners will be added. #Solana
On August 5th, the Jupiter platform announced on X that its lending protocol on Solana, Jupiter Lend, has begun private testing. This initial phase is available only to those who were already on the waiting list. The main objective of Jupiter Lend is to provide users with features such as: * Maximum LTV (Loan-to-Value) of 95%, * Low liquidation penalties, * Isolated risk, and * Wallet-to-wallet repayment functionality. For lenders, the protocol offers a one-click revenue optimization tool. Currently, the private test has a loan limit of US$ 1 million per vault and supports only six vaults and a few specific assets. The protocol has already undergone an audit, and three more are in progress to ensure security. The public test is expected to be launched at the end of August. In this phase, more assets, vaults, Multiply vaults, and incentives from over 10 partners will be added. #Solana
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The CEO of Tether, Paolo Ardoino, shared a remarkable piece of information: 40% of all transaction fees on blockchain are allocated to USDT transfers. This data encompasses nine blockchains: Ethereum, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon, and Optimism. Ardoino emphasized that, in emerging markets, USDT is being used daily by millions of people to protect their families from the devaluation and inflation of their local currencies. He predicts that the blockchains that focus on reducing gas fees and that allow for the payment of these fees directly in USDT will be the leaders in the future. #Tether
The CEO of Tether, Paolo Ardoino, shared a remarkable piece of information: 40% of all transaction fees on blockchain are allocated to USDT transfers. This data encompasses nine blockchains: Ethereum, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon, and Optimism.
Ardoino emphasized that, in emerging markets, USDT is being used daily by millions of people to protect their families from the devaluation and inflation of their local currencies. He predicts that the blockchains that focus on reducing gas fees and that allow for the payment of these fees directly in USDT will be the leaders in the future.
#Tether
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The commissioner of the U.S. Securities and Exchange Commission (SEC), Hester Peirce, made an appeal to the government at a conference on blockchain. She argued that the public has the right to financial privacy and that the government should protect this right. To do so, the government must support the use of technologies that promote privacy and the self-custody of crypto assets. Peirce acknowledged that many concerns about financial privacy arise from the need to protect national security. However, she argued that the solution is not to restrict privacy and the technologies that eliminate intermediaries. She compared the right to privacy in the transfer of value to the privacy of communications, emphasizing that both should be defended with the same rigor. #blockchains
The commissioner of the U.S. Securities and Exchange Commission (SEC), Hester Peirce, made an appeal to the government at a conference on blockchain. She argued that the public has the right to financial privacy and that the government should protect this right. To do so, the government must support the use of technologies that promote privacy and the self-custody of crypto assets.
Peirce acknowledged that many concerns about financial privacy arise from the need to protect national security. However, she argued that the solution is not to restrict privacy and the technologies that eliminate intermediaries. She compared the right to privacy in the transfer of value to the privacy of communications, emphasizing that both should be defended with the same rigor.
#blockchains
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On August 5 (UTC+8), the security company CertiK confirmed an attack on the DeFi protocol CrediX. The attack resulted in the theft of approximately 4.5 million dollars, which were transferred from the Sonic network to Ethereum. According to PeckShield, the attackers gained access to administrator permissions. This allowed them to mint uncollateralized stablecoins and then use them to drain the assets of users who were staking. SlowMist complemented the information, revealing that the attackers obtained these special permissions six days before the attack, and that the protocol's funds had already been completely drained. CrediX acknowledged the security breach, took its website offline, and promised to recover the entirety of the stolen funds within two days. #credix
On August 5 (UTC+8), the security company CertiK confirmed an attack on the DeFi protocol CrediX. The attack resulted in the theft of approximately 4.5 million dollars, which were transferred from the Sonic network to Ethereum.
According to PeckShield, the attackers gained access to administrator permissions. This allowed them to mint uncollateralized stablecoins and then use them to drain the assets of users who were staking.
SlowMist complemented the information, revealing that the attackers obtained these special permissions six days before the attack, and that the protocol's funds had already been completely drained.
CrediX acknowledged the security breach, took its website offline, and promised to recover the entirety of the stolen funds within two days.
#credix
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On August 5th (UTC+8), George Osborne, former UK Chancellor of the Exchequer, criticized the country's stance on cryptocurrency regulation. According to him, excessive caution is "leaving the United Kingdom completely behind" in global financial innovation. Osborne directed his criticisms at Rachel Reeves, the current Chancellor of the Exchequer, and Andrew Bailey, Governor of the Bank of England. He accused them of delaying the regulatory process, highlighting the central bank's policy on stablecoins as a brake on innovation. Osborne's dissatisfaction is shared by the sector. The group CryptoUK and local startups also consider the country's regulatory environment to be "very slow and overly cautious." They point out that this slowness hinders access to traditional financial services and investment products. While the United Kingdom is lagging, other jurisdictions like Singapore and Hong Kong are advancing with their own regulatory frameworks, attracting more capital and talent to those markets. #CryptoUK
On August 5th (UTC+8), George Osborne, former UK Chancellor of the Exchequer, criticized the country's stance on cryptocurrency regulation. According to him, excessive caution is "leaving the United Kingdom completely behind" in global financial innovation.
Osborne directed his criticisms at Rachel Reeves, the current Chancellor of the Exchequer, and Andrew Bailey, Governor of the Bank of England. He accused them of delaying the regulatory process, highlighting the central bank's policy on stablecoins as a brake on innovation.
Osborne's dissatisfaction is shared by the sector. The group CryptoUK and local startups also consider the country's regulatory environment to be "very slow and overly cautious." They point out that this slowness hinders access to traditional financial services and investment products.
While the United Kingdom is lagging, other jurisdictions like Singapore and Hong Kong are advancing with their own regulatory frameworks, attracting more capital and talent to those markets.
#CryptoUK
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On August 5 (UTC+8), with the recess of the U.S. Congress, the Senate Banking Committee began reviewing the written comments on its bill for the market structure. Various organizations, including the DeFi Education Fund, a16z Crypto, Uniswap, Jump Crypto, and Paradigm, submitted a joint 22-page letter. In it, they advocate for the protection of the rights of DeFi developers, non-custodial software, and self-custody users. They also request a technology-neutral regulatory framework. The letter suggests the inclusion of two legislative proposals: the "Blockchain Regulatory Certainty Act" and the "Keep Your Coins Act". The goal is to more clearly define the concept of "control" in decentralized networks, avoiding the risk that regulatory ambiguity hinders innovation in the sector. #
On August 5 (UTC+8), with the recess of the U.S. Congress, the Senate Banking Committee began reviewing the written comments on its bill for the market structure.
Various organizations, including the DeFi Education Fund, a16z Crypto, Uniswap, Jump Crypto, and Paradigm, submitted a joint 22-page letter. In it, they advocate for the protection of the rights of DeFi developers, non-custodial software, and self-custody users. They also request a technology-neutral regulatory framework.
The letter suggests the inclusion of two legislative proposals: the "Blockchain Regulatory Certainty Act" and the "Keep Your Coins Act". The goal is to more clearly define the concept of "control" in decentralized networks, avoiding the risk that regulatory ambiguity hinders innovation in the sector.
#
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On August 2nd, Bitmax, a South Korean company listed on the KOSDAQ, announced that it has expanded its Bitcoin portfolio. The company acquired an additional 56.0445 BTC, raising its total reserves to 500.123 BTC. With this move, Bitmax became the listed company with the largest amount of Bitcoin in South Korea. The company reinforced its commitment to continuing its Bitcoin accumulation strategy. Bitmax specializes in the development of augmented reality (AR) technology, providing software tools and sensor fusion location solutions, and is now actively integrating Bitcoin into its financial reserves. #bitmax
On August 2nd, Bitmax, a South Korean company listed on the KOSDAQ, announced that it has expanded its Bitcoin portfolio. The company acquired an additional 56.0445 BTC, raising its total reserves to 500.123 BTC. With this move, Bitmax became the listed company with the largest amount of Bitcoin in South Korea.
The company reinforced its commitment to continuing its Bitcoin accumulation strategy. Bitmax specializes in the development of augmented reality (AR) technology, providing software tools and sensor fusion location solutions, and is now actively integrating Bitcoin into its financial reserves.
#bitmax
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The sudden resignation of the Federal Reserve director, Mr. Kugler, last Friday opened a new opportunity for U.S. President Donald Trump. The early departure allows him to fill vacancies at the Federal Reserve and potentially decide on the name of the next president months ahead of schedule. According to Derek Tang, an economist at LH Meyer, the "ball is in Trump's court," who now has the chance to appoint people he trusts to important positions. The situation of Jerome Powell, the current Fed president, is a crucial point. Although his term as president ends in May next year, he remains as director until 2028. If Powell does not leave the director position, Trump would not have the chance to fill that vacancy before 2028. This may lead Trump to use the vacancy left by Kugler to indicate a name he considers ideal for the presidency of the Fed. Tobin Marcus of Wolfe Research highlights that this is the only position Trump can fill at the moment. If he wants to appoint someone outside the Federal Reserve for the presidency, the nomination could be announced sooner than expected.
The sudden resignation of the Federal Reserve director, Mr. Kugler, last Friday opened a new opportunity for U.S. President Donald Trump. The early departure allows him to fill vacancies at the Federal Reserve and potentially decide on the name of the next president months ahead of schedule.
According to Derek Tang, an economist at LH Meyer, the "ball is in Trump's court," who now has the chance to appoint people he trusts to important positions.
The situation of Jerome Powell, the current Fed president, is a crucial point. Although his term as president ends in May next year, he remains as director until 2028. If Powell does not leave the director position, Trump would not have the chance to fill that vacancy before 2028. This may lead Trump to use the vacancy left by Kugler to indicate a name he considers ideal for the presidency of the Fed.
Tobin Marcus of Wolfe Research highlights that this is the only position Trump can fill at the moment. If he wants to appoint someone outside the Federal Reserve for the presidency, the nomination could be announced sooner than expected.
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The on-chain analysis company Arkham identified the hacker responsible for the largest cryptocurrency theft in history, which occurred in December 2020. The hacker, nicknamed LuBian, stole a total of 127,426 BTC. The stolen amount remains in the hacker's possession, who conducted their most recent on-chain activity in July 2024. It is believed that this operation was a merging of addresses. Currently, LuBian still holds 11,886 BTC, valued at approximately 1.35 billion dollars. Arkham suggests that the theft may have been possible due to a critical vulnerability in the private key generation algorithm used by LuBian, which would be susceptible to brute force attacks. #LUBIAN
The on-chain analysis company Arkham identified the hacker responsible for the largest cryptocurrency theft in history, which occurred in December 2020. The hacker, nicknamed LuBian, stole a total of 127,426 BTC.
The stolen amount remains in the hacker's possession, who conducted their most recent on-chain activity in July 2024. It is believed that this operation was a merging of addresses. Currently, LuBian still holds 11,886 BTC, valued at approximately 1.35 billion dollars.
Arkham suggests that the theft may have been possible due to a critical vulnerability in the private key generation algorithm used by LuBian, which would be susceptible to brute force attacks.
#LUBIAN
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JuCoin announces compensation of US$ 10 million after contract system failure On August 1, 2025, at 4:06 PM, the cryptocurrency exchange JuCoin released a statement regarding a failure in its contract system that caused a short-lived anomaly. The incident resulted in a price spike in the ETHUSDT perpetual contract. During the failure, some users achieved gains of approximately 2.87 million USDT, while others suffered losses of about 7.30 million USDT. In response, JuCoin announced that it will fully compensate all losses caused by the incident, with a total estimated amount of 10 million USDT. The company stated that the funds gained abnormally by users will not be tracked or recovered. The platform promised that the compensation will be completed by August 8. #JuCoinLaunchpad
JuCoin announces compensation of US$ 10 million after contract system failure
On August 1, 2025, at 4:06 PM, the cryptocurrency exchange JuCoin released a statement regarding a failure in its contract system that caused a short-lived anomaly. The incident resulted in a price spike in the ETHUSDT perpetual contract.
During the failure, some users achieved gains of approximately 2.87 million USDT, while others suffered losses of about 7.30 million USDT.
In response, JuCoin announced that it will fully compensate all losses caused by the incident, with a total estimated amount of 10 million USDT. The company stated that the funds gained abnormally by users will not be tracked or recovered.
The platform promised that the compensation will be completed by August 8.
#JuCoinLaunchpad
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Subzero Labs raises $20 million to create the Rialo blockchain On August 2, the blockchain startup Subzero Labs secured $20 million in seed funding, as reported by Fortune magazine. The round was led by Pantera Capital, with participation from heavyweight investors such as Variant, Coinbase Ventures, and the cryptocurrency arm of Susquehanna. Subzero Labs is developing the Rialo blockchain, a platform designed to go beyond financial speculation. The goal is to overcome the current limitations of crypto technology, focusing on applications in the "real world." Co-founder Ade Adepoju, who was an engineer at Mysten Labs and participated in the development of the Sui blockchain, leads the project. His vision is to enable developers outside the crypto space to integrate external data (such as FICO credit scores) directly into the blockchain, without the need for oracles. The Subzero Labs team currently has 20 members. The funding includes rights to subscribe for shares and tokens, but the company's valuation has not been disclosed. #blockchaineconomy
Subzero Labs raises $20 million to create the Rialo blockchain
On August 2, the blockchain startup Subzero Labs secured $20 million in seed funding, as reported by Fortune magazine. The round was led by Pantera Capital, with participation from heavyweight investors such as Variant, Coinbase Ventures, and the cryptocurrency arm of Susquehanna.
Subzero Labs is developing the Rialo blockchain, a platform designed to go beyond financial speculation. The goal is to overcome the current limitations of crypto technology, focusing on applications in the "real world."
Co-founder Ade Adepoju, who was an engineer at Mysten Labs and participated in the development of the Sui blockchain, leads the project. His vision is to enable developers outside the crypto space to integrate external data (such as FICO credit scores) directly into the blockchain, without the need for oracles.
The Subzero Labs team currently has 20 members. The funding includes rights to subscribe for shares and tokens, but the company's valuation has not been disclosed.
#blockchaineconomy
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Exit Strategies in the Cryptocurrency Market On August 2nd (UTC+8), the debate on when to sell cryptocurrencies gained prominence, especially the strategy of "not selling unless it is to buy." While this approach is valid, it requires considerable financial stability, as it assumes the ability to withstand an 80% drop in the investment's value. Many investors, especially those without fixed income or adequate financial reserves, tend to sell their assets at the worst moment. To avoid this trap, it is crucial to adopt a proactive approach. One solution is to calculate monthly expenses and create a robust emergency fund. This financial base provides the necessary peace of mind to withstand market volatility, avoiding impulsive decisions. If the four-year cycle theory for Bitcoin is true, digital assets have the potential for significant appreciation, with the possibility of Bitcoin reaching the mark of US$$ 1 million. However, the future of the market is not guaranteed, and trying to accurately predict the peak is nearly impossible. For most investors, a structured and rules-based exit plan is more effective than guessing. A flexible strategy may involve partially selling assets at different stages, combined with long-term holding. However, it is essential for the investor to define their psychological limits. If the pain of missing the market peak is greater than that of selling too early, a clear and well-defined plan is essential. Ultimately, success in the cryptocurrency market depends on understanding one's own psychology and how it interacts with market dynamics. [MLion] #MarketPullback
Exit Strategies in the Cryptocurrency Market
On August 2nd (UTC+8), the debate on when to sell cryptocurrencies gained prominence, especially the strategy of "not selling unless it is to buy." While this approach is valid, it requires considerable financial stability, as it assumes the ability to withstand an 80% drop in the investment's value.
Many investors, especially those without fixed income or adequate financial reserves, tend to sell their assets at the worst moment. To avoid this trap, it is crucial to adopt a proactive approach. One solution is to calculate monthly expenses and create a robust emergency fund. This financial base provides the necessary peace of mind to withstand market volatility, avoiding impulsive decisions.
If the four-year cycle theory for Bitcoin is true, digital assets have the potential for significant appreciation, with the possibility of Bitcoin reaching the mark of US$$ 1 million. However, the future of the market is not guaranteed, and trying to accurately predict the peak is nearly impossible. For most investors, a structured and rules-based exit plan is more effective than guessing.
A flexible strategy may involve partially selling assets at different stages, combined with long-term holding. However, it is essential for the investor to define their psychological limits. If the pain of missing the market peak is greater than that of selling too early, a clear and well-defined plan is essential.
Ultimately, success in the cryptocurrency market depends on understanding one's own psychology and how it interacts with market dynamics. [MLion]
#MarketPullback
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On August 1st, the cryptocurrency market saw a total of 188,654 investors being liquidated, resulting in a total loss of US$ 808 million in the last 24 hours. Of this amount, the overwhelming majority, US$ 734 million, came from long positions, while US$ 75.83 million came from short positions. The largest individual liquidation was recorded on Binance, in the ETHUSD_PERP trading, amounting to US$ 13.79 million. The data is from Coinglass. #BinanceHODLerTree
On August 1st, the cryptocurrency market saw a total of 188,654 investors being liquidated, resulting in a total loss of US$ 808 million in the last 24 hours. Of this amount, the overwhelming majority, US$ 734 million, came from long positions, while US$ 75.83 million came from short positions.
The largest individual liquidation was recorded on Binance, in the ETHUSD_PERP trading, amounting to US$ 13.79 million. The data is from Coinglass.
#BinanceHODLerTree
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