James Ding 23 Aug 2024 08:20 BitMEX launches SUNDOGUSDT perpetual swaps, offering traders up to 50x leverage on the new listing. Leading cryptocurrency trading platform BitMEX has announced the listing of SUNDOGUSDT, a new perpetual swap trading pair available with up to 50x leverage (see BitMEX blog). Details about the new list SUNDOGUSDT perpetual swaps began trading today at 04:00 UTC. Traders on BitMEX now have access to this new tool that allows for significant leverage, amplifying potential returns. However, this comes with increased risk. Transaction Specifications The SUNDOGUSDT pair offers up to 50x…
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Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate…
Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate…
Recent documents filed in connection with FTX’s bankruptcy filing detail how the U.S. trustee overseeing the case and a group of creditors are opposing the bankrupt cryptocurrency exchange’s revised reorganization plan.The U.S. bankruptcy trustee outlined 10 flaws in the revised reorganization plan that FTX’s estate said a significant number of creditors approved. Most notably, it included a broad statutory exemption for many people involved in the bankruptcy, unequal repayment of creditors based on size, and the bankruptcy estate’s refusal to waive costs related to a data breach the service provider suffered last year. “Estate experts have sought millions of dollars…
Polygon’s Discord server was recently hacked. After that, the blockchain regained access to the server. One user claimed he lost money due to a security breach. Polygon, a layer-2 blockchain, announced that it had regained access to its community Discord channel just hours after being hacked on Saturday.News of the hack first broke around 9:41 a.m. GMT+3 on August 23, when a user on Twitter X reported seeing a fraudulent link being shared in the Polygon announcement channel on Discord. The network’s Chief Information Security Officer, Muddy Gupta, confirmed the breach minutes later and warned users not to click on…
Jack Anderson 23 Aug 2024 08:46 Binance announces wallet maintenance for The Open Network (TON) on August 26, 2024. Deposits and withdrawals will be suspended during the maintenance period. Binance has announced the upcoming wallet maintenance for The Open Network (TON), scheduled to begin on August 26, 2024 at 01:00 UTC. According to Binance, deposits and withdrawals on the TON network will be temporarily suspended starting from 00:55 UTC on the same day. The maintenance is expected to take approximately 2 hours. Impact on users During the maintenance period, token trading on The Open…
Semilore Faleti is a crypto writer specializing in journalism and content creation. He started out writing on a variety of topics, but Semilore soon discovered a knack for tackling the complexities and nuances of the fascinating world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in terms of storing and transferring value. He strongly supports the adoption of cryptocurrencies, believing that they can improve the digitalization and transparency of the existing financial system. Semilore has been actively writing about cryptocurrencies for the past two years, covering many aspects of the digital asset space including blockchain,…
The total value of U.S.-based spot Bitcoin exchange-traded funds (ETFs) has reached a record high of about $58.4 billion so far in August, following a seventh straight day of positive inflows on Friday.According to data from SoSoValue, Friday saw the highest inflows since the streak began, with $252 million being the largest net inflow in 32 days since July 22. Unsurprisingly, BlackRock’s IBIT, the largest spot Bitcoin ETF by total asset value, saw the largest net inflows of around $87 million, extending its lead over other funds. Fidelity’s FBTC saw inflows of $64 million, the second-highest total. Grayscale’s GBTC, the…
Electronics and entertainment giant Sony is developing a new Ethereum (ETH) layer 2 blockchain called “Soneium.” In a recent press release, Sony Group announced that it is developing Soneium as a means to further expand into the web3 world. According to Sony, leveraging blockchain technology can provide users with a more streamlined, secure, and decentralized experience. “By developing blockchain, the basic infrastructure of Web3, we will be able to provide comprehensive Web3 solutions from the infrastructure layer to the application layer, rather than simply providing some services. End users will be able to access Soneium via applications compatible with Soneium’s…
Wang Long Chai 23 Aug 2024 09:10 Binance Futures will launch VIDTUSDT perpetual contracts on August 23, 2024, offering up to 75x leverage to expand trading options. Leading cryptocurrency exchange Binance has announced the launch of a new USDⓈ-margined VIDTUSDT perpetual contract, which will be launched on August 23, 2024 at 09:30 (UTC). According to Binance.com, the new product will allow traders to leverage their positions by up to 75x.Key Features and DetailsVIDTUSDT Perpetual Contract is designed to enhance the trading experience of users by expanding the list of available trading options on Binance…