Archive for  July 2024

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The company’s net income again set a record and totaled $5.2 billion for the first half of 2024.

Net operating income is $1.3 billion for the second quarter.

Tether’s Treasury holdings hit the $97.6 billion mark.The company has become the 18th largest holder of U.S. government debt.

The developers briefly suspended the network, but have now resumed operations.
According to Beosin, the attack resulted in the theft of $3.5 million in USDC, $500k USDT, 2.7 BTC and over 60 million ASTRO
tokens
The attacker exploited a re-call vulnerability that was known about back in April this year.

Net inflows totaled $33 million
In turn, spot bitcoin ETFs recorded net outflows of $18 million.

However, he believes the cryptocurrency is still a speculative investment with no real use case, even though the underlying technology is “very interesting.”

Earlier it was reported that a roundtable meeting with him cost $844600 per person and a photo from $60,000.
Trump’s campaign headquarters also raised about $6 million in cryptocurrency donations.

The developers explained that this comes amid low user participation, insufficient revenue to cover operating costs, and declining token value.
ZKX has raised over $7 million from various funds such as StarkWare, Amber Group, HTX, CryptoCom, Hashkey, GCR, etc.

Specifically Ethereum, Optimism, Base, Polygon, BNB Chain, Arbitrum, Avax and Blast have been integrated.
Support for ENS domains has also been added.

In addition, users can add ERC-20 tokens by smart contract address.

The 10K BTC are believed to have been directed to an institutional custodial service. They will probably be sold on OTC.

Earlier, Donald Trump said he would not sell confiscated bitcoins if he became president.

The U.S. Securities and Exchange Commission (SEC) intends to seek permission to amend its complaint against Binance to avoid the need for an immediate court ruling on whether certain tokens are securities.

Making these amendments will allow the SEC to temporarily postpone the matter and focus on other aspects of the case.
In essence, the court will not address the legal status of certain tokens.

The document does not explicitly say that the SEC is no longer going to prove that these tokens are securities.

In the case against Binance, the SEC defined SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI as securities. This amendment may change the definition of these assets.

According to him, this is due to the fact that he likes dogs and memes. However, he also stated that he is not going to actively promote the cryptocurrency, except as a joke.

Musk added that he sees some merit in bitcoin and possibly in some other cryptocurrencies.