Tony Kim September 6, 2024 16:26 Binance Futures will launch DOGSUSD COIN-M perpetual contracts with up to 20x leverage starting September 10, 2024. Binance Futures will launch the DOGSUSD COIN-M Perpetual Contract, offering traders up to 20x leverage. According to Binance, the new contract will be available starting from September 10, 2024 at 10:00 (UTC). Contract specifications The DOGSUSD COIN-M Perpetual Contract features a funding fee settlement frequency of every 8 hours. Binance reserves the right to adjust various specifications, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, based…
Author: Crypto Flexs
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It’s Friday! In today’s Daily, the Ethereum Foundation is set to release its financial report amid community criticism over its spending, Japan’s three megabanks plan to pilot stablecoins, and the US spot Bitcoin ETF continues to bleed.Meanwhile, former SEC Chairman Jay Clayton said in the latest episode of The Scoop podcast that the crypto industry is “evolving the infrastructure of the U.S. market.”Let’s get started.Ethereum Foundation Releases Financial Report Amid Community Criticism Over SpendingAccording to researcher Justin Drake, the Ethereum Foundation plans to release its financial report “relatively soon” to address community concerns about spending. In an AMA session on…
Solana’s sales hit their lowest point in months. Small validators have a hard time competing. Solana has already been criticized for its centralization. Solana often boasts low fees and scalability. Now, the risk of centralization may be greater than ever because of the validators who are a core part of the network. They are responsible for keeping the network running and maintaining a decentralized state. As Solana’s fees drop to monthly lows, many validators are struggling to maintain the sophisticated and expensive equipment needed to run the Solana network. Solana’s low fees risk centralizing the network. Solana’s blockchain is under…
Lawrence Jengar September 6, 2024 16:42 The Hong Kong Monetary Authority has warned the public about phishing messages involving WeChat Pay Hong Kong Limited. The Hong Kong Monetary Authority (HKMA) has issued an urgent warning to the public about phishing messages related to WeChat Pay Hong Kong Limited. According to a press release from WeChat Pay Hong Kong Limited, the phishing messages are targeting Stored Value Facility (SVF) users. Details of phishing threats The HKMA stressed that the fraudulent messages were designed to extract personal information and account credentials from unsuspecting victims. In its…
A New York judge has granted part of a motion requiring cryptocurrency exchange Coinbase to turn over documents to the U.S. Securities and Exchange Commission, but has denied the exchange’s bid to subpoena Commission Chairman Gary Gensler.In July, cryptocurrency exchanges Force to agree Gensler and the SEC are required to provide documents that Coinbase says are at the heart of its lawsuit with the agency. The judge approved and denied parts of that motion in an order filed Friday.“For the reasons set forth in the record from the conference call held on September 5, 2024, the court grants defendants’ motion…
Key Points The ASI Alliance has launched FET tokens on Cardano to promote a decentralized AI ecosystem. Enhanced tools such as the direct migration tool and the Ethereum-Cardano bridge will improve the liquidity and accessibility of FET. Share this article SingularityNET, Fetch.ai, and Ocean Protocol, all part of the Artificial Superintelligence (ASI) Alliance, have officially deployed FET (ASI) tokens on the Cardano blockchain, following an announcement from the ASI Alliance today.The Alliance said it chose Cardano for its security, speed, and low transaction costs. They believe Cardano’s robust infrastructure will aid in the development of ASI. The deployment is part…
As Bitcoin’s unspent transaction outputs (UTXOs) share of revenue falls to its lowest level this year, the cryptocurrency community is increasingly discussing the potential impact this could have on Bitcoin’s price action. According to CryptoQuant data, only 68.5% of Bitcoin UTXOs are currently profitable, a significant decline that is in line with past market conditions. Historically, the last time BTC UTXO profits reached this level was a precursor to a dramatic price surge. Bitcoin UTXO Revenues Fall to Lowest Level of the Year “At the last point when the yield on Bitcoin UTXOs fell to 68.5%, the Bitcoin price surged…
An under-the-radar altcoin is surging after being added to Coinbase’s listing roadmap. In a new thread on social media platform X, Coinbase, the largest cryptocurrency exchange platform in the United States, announced that it is adding decentralized finance (DeFi) protocol Moonwell (WELL) to its product line. In further news, WELL has surged from a low of $0.0124 on September 5th to a high of $0.0173 just a day later. That’s a gain of around 40%. The cryptocurrency asset has since bounced back and is trading at $0.0170 at the time of writing. Coinbase’s listing roadmap was created in 2022 to…
Jack Anderson September 6, 2024 17:12 According to the Sui blog, the AUSD stablecoin was launched on Sui, increasing the usability, accessibility, and interoperability of the network. According to the Sui blog, the AUSD stablecoin has officially launched on the Sui network, significantly increasing the usability, accessibility, and interoperability of the blockchain.AUSD launched on SuiRepresenting a significant development, the AUSD stablecoin is now live on the Sui network. This launch follows an announcement made by Agora in May and adds a significant asset to Sui’s growing list of native tokens. The AUSD stablecoin has…
Bitcoin (BTC) briefly surged before Wall Street opened on September 6 after U.S. jobs data fell short of expectations.BTC/USD 1-hour chart. Source: TradingViewBitcoin falls below $55,000According to data from Cointelegraph Markets Pro and TradingView, BTC price was targeting $57,000 before reversing completely after the start of the U.S. trading session.It then hit a new one-month low of $54,919 on Bitstamp.A weaker-than-expected August nonfarm payrolls report raised concerns about the strength of the labor market.Source: Michaël van de PoppeAt the same time, a senior Federal Reserve official insisted that it was time to cut rates and that a decision to do…