Fed's Harker: End of easing cycle could keep federal funds rate around 3%
Hark, the Federal Reserve, stated that the end of the balance sheet reduction depends on the market. The end of the easing cycle may k...
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MakerDAO: DAI and MKR will continue to be available, and upgrading to NewStable and NewGovToken is optional
Aug 22, 202413261 Views
Aug 22, 2024
MakerDAO announced on X platform that the Endgame plan has introduced upgraded versions of DAI and MKR called NewStable and NewGovToken. However, DAI and MKR will still be available. Unless the governance department decides otherwise, these two tokens are expected to remain unchanged in the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain available indefinitely. Users can upgrade to NewStable and choose to switch back to DAI at any time. 1 DAI = 1 NewStable (NST). The ecosystem will ultimately explore ways to differentiate between DAI and NewStable, with DAI focusing on native crypto use cases and NewStable targeting mass adoption. MKR can still be used to vote on governance proposals.
MakerDAO announced on X platform that the Endgame plan has introduced upgraded versions of DAI and MKR called NewStable and NewGovToke...
Share InVitalik: The next step is to standardize on-chain specific addresses, on-chain specific ENS, and ERC-3668 light clients
Aug 22, 20249526 Views
Aug 22, 2024
Ethereum co-founder Vitalik Buterin responded on social media to the "Optimism Layer2 network's support for standardizing asset transfers within the Ethereum ecosystem," stating that Optimism's work on REMOTESTATICCALL is excellent. Vitalik But
Ethereum co-founder Vitalik Buterin responded on social media to the "Optimism Layer2 network's support for standardizing asset transf...
Share InBithumb wins second trial in corporate tax case, Seoul High Court overturns 130 million won verdict
Aug 22, 20248893 Views
Aug 22, 2024
Bithumb has won the second appeal of its 130 million won (approximately $97,000) corporate tax lawsuit. On August 20th, the Seoul High Court overturned the first ruling and ruled in favor of Bithumb. The case originated in 2019 when the tax authorities imposed a corporate tax of 180 million won (approximately $134,000), later reduced to about 130 million won, on Bithumb for changing its virtual asset valuation method. The second court ruled that there were no clear accounting rules at the time, and Bithumb's choice of the "total average method" to evaluate virtual assets was legal, and its virtual assets should not be considered inventory assets, so there was no need to declare a change in the valuation method.
Bithumb has won the second appeal of its 130 million won (approximately $97,000) corporate tax lawsuit. On August 20th, the Seoul High...
Share InUS telecom company Lingo Telecom fined $1 million for its role in Biden deepfake scam
Aug 22, 202412082 Views
Aug 22, 2024
According to Cointelegraph, Texas-based telecommunications company Lingo Telecom has been fined $1 million by the Federal Communications Commission (FCC) for participating in illegal Biden deepfake scams. The scam involved using AI-generated recordings of President Biden's voice, which were automatically dialed to spread misinformation and prevent people from voting in the New Hampshire primary.
According to Cointelegraph, Texas-based telecommunications company Lingo Telecom has been fined $1 million by the Federal Communicatio...
Share InHong Kong virtual asset ETF today's trading volume is about HK$9.5 million
Aug 22, 202414267 Views
Aug 22, 2024
According to Hong Kong stock market data, the total trading volume of all Hong Kong virtual asset ETFs today was about HKD 9.5 million. Among them, the trading volume of Huaxia Bitcoin ETF (3042.HK/9042.HK/83042.HK) was HKD 5.2533 million, the trading volume of Huaxia Ethereum ETF (03046.HK/09046.HK/83046.HK) was HKD 0.193 million, the trading volume of ChinaAMC Bitcoin ETF (03439.HK/09439.HK) was HKD 1.1912 million, the trading volume of ChinaAMC Ethereum ETF (03179.HK/09179.HK) was HKD 0.8484 million, the trading volume of Bosera Bitcoin ETF (03008.HK/09008.HK) was HKD 1.4386 million, and the trading volume of Bosera Ethereum ETF (03009.HK/09009.HK) was HKD 0.5755 million. Note: All the above virtual asset EFTs have Hong Kong dollar and US dollar counters, and only the two Huaxia ETFs have RMB counters.
According to Hong Kong stock market data, the total trading volume of all Hong Kong virtual asset ETFs today was about HKD 9.5 million...
Share InBlockchain service solution provider SOS Limited received a non-compliance letter from the New York Stock Exchange due to poor stock price performance
Aug 22, 202413587 Views
Aug 22, 2024
According to Cointelegraph, blockchain service solution provider SOS Limited has received a non-compliance letter from the New York Stock Exchange (NYSE) due to poor stock performance. The trading price of its American depositary shares (ADS) has fallen below $1 for 30 consecutive trading days. According to legal requirements, SOS must restore its stock price and average stock price to above $1 within six months, otherwise it will face the risk of being suspended and delisted from the New York Stock Exchange. This non-compliance notice will not have a direct impact on the listing of the company's American depositary receipts. During the six-month remediation period, as long as it meets the other listing requirements of the New York Stock Exchange, the company's American depositary receipts will continue to be listed and traded on the New York Stock Exchange.
According to Cointelegraph, blockchain service solution provider SOS Limited has received a non-compliance letter from the New York St...
Share InBTC and ETH options with a total notional value of approximately $1.44 billion will expire tomorrow
Aug 22, 202411182 Views
Aug 22, 2024
According to Deribit data, BTC options and ETH options with a nominal value of approximately $1.44 billion will expire tomorrow. Among them, BTC options with a nominal value of $1.11 billion are about to expire, with a Put Call Ratio of 0.82 and a maximum pain point of $60,000; ETH options with a nominal value of $330 million are about to expire, with a Put Call Ratio of 1.10 and a maximum pain point of $2,650.
According to Deribit data, BTC options and ETH options with a nominal value of approximately $1.44 billion will expire tomorrow. Among...
Share InBinance will launch POPCAT and SUN perpetual contracts with a maximum leverage of 75x
Aug 22, 20248891 Views
Aug 22, 2024
Binance will launch perpetual contracts for POPCATUSDT and SUNUSDT with a maximum leverage of 75x, scheduled to go live at 21:00 (UTC+8) and 21:05 (UTC+8), respectively, on August 22nd, 2024.
Binance will launch perpetual contracts for POPCATUSDT and SUNUSDT with a maximum leverage of 75x, scheduled to go live at 21:00 (UTC+...
Share InQCP Capital: The dovish tone in the Fed minutes boosted risk assets, and Powell's speech on Friday will be the next focus
Aug 22, 202414343 Views
Aug 22, 2024
QCP Capital, a Singapore-based cryptocurrency investment firm, published a statement overnight indicating that the downward revision of US non-farm payroll employment figures highlighted weakness in the labor market, causing concerns about the possibility of the Fed delaying rate cuts and triggering a sell-off. However, the minutes from the July Federal Open Market Committee (FOMC) meeting showed that some policymakers are willing to cut interest rates, which released a more dovish stance aimed at balancing inflation and employment goals, thus alleviating these concerns. This dovish tone boosted risk assets and pushed the price of Bitcoin above $61,800, with strong buying on Coinbase continuing until 4am Singapore time. The aggressive buying on Coinbase (indicating US domestic demand) is a good signal for short-term trends. Now, the market's focus is on Fed Chairman Powell's speech tomorrow in Jackson Hole, hoping to get more signals about rate cuts. Given the market's widespread bet on rate cuts, unexpected economic data may have a significant impact on the market.
QCP Capital, a Singapore-based cryptocurrency investment firm, published a statement overnight indicating that the downward revision o...
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From cloud computing power to super computing power, SolaRoads global AI supercomputing supply platform sets off a new form of computing power
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D-NFT officially listed tomorrow chain mining, miners mortgage D-NFT token directly to get ETH
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