Binance is set to list three tokens—Neiro (NEIRO), Turbo (TURBO), and Baby Doge (100000BABYDOGE) on September 16, 2024, at 10:00 AM (UTC), with spot trading available for all three tokens. The "Seed" tag will be applied to these tokens, indicating early-stage projects. Following the listing announcement, Baby Doge Coin surged by 40%, the NEIRO/USDT pair skyrocketed by 488%, and Turbo experienced a 7% increase. This listing is expected to attract significant attention from traders and investors.
Vincent Chok, CEO of First Digital, a crypto custody platform, has called for Hong Kong to speed up its approach to cryptocurrency regulation. In an interview, Chok acknowledged Hong Kong’s current conservative stance on crypto trading regulation, citing investor protection as the key reason. However, he emphasized the need for faster regulatory development to ensure the region stays competitive in the rapidly evolving crypto industry. Chok also highlighted that banks are unlikely to provide digital asset custody services soon, as these services come with risks beyond their comfort zones.
As of September 13, 2023, the total net asset value of Bitcoin spot ETFs reached $54.306 billion, with a net asset ratio of 4.59%. The largest single-day net inflow was Fidelity ETF FBTC at $102 million, followed by Ark Invest's ARKB at $99.27 million. Total historical net inflows stand at $17.297 billion. Ethereum spot ETFs hold a net asset value of $6.623 billion, with a 2.27% market ratio. Bitwise ETF ETHW led Ethereum inflows with $5.21 million, followed by BlackRock ETF ETHA with $3.67 million.
Starknet's latest governance vote, conducted on Snapshot X, has approved the implementation of staking for holders of over 20,000 STRK tokens starting Q4 2024. The proposal received 98.94% approval, though only 0.08% of eligible voters participated. The new mechanism aims to balance rewards and inflation. StarkWare also introduced Snapshot X to ensure genuine community participation in governance.
BlackRock, a $9 trillion asset manager, has highlighted Bitcoin as a hedge against global disorder and geopolitical uncertainty. The firm described Bitcoin as a global monetary alternative as there is a declining trust in governments, banks, and fiat currencies. Following the launch of its Bitcoin ETF, Bitcoin surged to an all-time high of $73,000 in March 2024. BlackRock's Jay Jacobs stated, "it has high volatility and behaves a bit differently than stocks and bonds".
The Brazilian Federal Police, in collaboration with the Federal Tax Service, launched a major crackdown on a $9.7 billion cryptocurrency money laundering scheme linked to drug trafficking and smuggling. The initiative was called Operation Niflheim and targeted three organizations involved in illegal activities. Authorities froze approximately $1.58 billion in assets during the operation, marking a significant blow to the criminal enterprises. The investigation, which began in 2021, has revealed extensive use of cryptocurrencies to launder illicit funds. This operation highlights Brazil's increasing focus on combating financial crimes in the crypto space.
Vega Protocol is shutting down its blockchain following an on-chain vote. Validators will maintain the network temporarily for fund withdrawals until late October. Trading has ceased, and VEGA’s price dropped 14%. A final vote will set market settlement prices and allocate $28,000 to validators. Assets left on-chain may become irretrievable. Vega launched in 2023 and was backed by Pantera Capital.
CryptoQuant analyst Tarek On-Chain notes a sharp decline in Bitcoin reserves on centralized exchanges (CEX), signaling reduced selling pressure and potential price rebounds. This suggests investors are moving Bitcoin to cold storage, limiting supply. Simultaneously, stablecoin reserves are rising, indicating traders are preparing to re-enter the market. Stablecoins represent ready-to-deploy capital, and their growth suggests strong buying interest. Historically, this supply-demand imbalance has led to significant price increases. As Bitcoin supply tightens and purchasing power builds, Tarek forecasts a potential price breakout, advising investors to stay alert for market opportunities in the coming weeks.
CryptoPunk #2386, valued at 600 ETH (about $1.42 million), was purchased for just 10 ETH by a user utilizing a "shotgun" buyout method. Anonymous developer 0xQuit revealed that this buyout was triggered through a smart contract tied to Niftex, a now-closed platform that had fractionalized the NFT into 10,000 ERC-20 tokens back in 2020. The contract's buyout function remained active on-chain, allowing the user to make an offer without objections. After 14 days, they successfully acquired full ownership of the NFT on August 28, paying a mere fraction of its current market value.
Huma Finance raised $38M in a funding round, including $10M in equity and $28M in tokenized real-world assets (RWA). Investors like Distributed Global, Hashkey Capital, and Stellar Development Foundation participated. The funds will expand Huma’s PayFi platform to Solana and Stellar's Soroban network. Merging with Arf, Huma aims to enhance tokenization of RWAs, targeting $10 billion in payments-financing transactions next year by improving trade finance liquidity via blockchain technology.
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