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Rising stablecoin supply shows an influx of capital into the crypto market
Rising stablecoin supply shows an influx of capital into the crypto market

Growing stablecoin market cap shows increased capital flow into crypto and investor readiness for market movements.

Crypto Slate·2024/02/20 03:15
Ethereum price approaches $3k amidst spot ETF anticipation, Dencun upgrade
Ethereum price approaches $3k amidst spot ETF anticipation, Dencun upgrade

Analysts at Bernstein believe a spot ETH ETF is a near certainty within one year.

Crypto Slate·2024/02/19 23:07
Top wirehouses will become involved with spot Bitcoin ETFs, Galaxy executive says
Top wirehouses will become involved with spot Bitcoin ETFs, Galaxy executive says

Galaxy's Steve Kurz predicted FOMO among major financial institutions.

Crypto Slate·2024/02/19 23:07
Flash
10:30
Hinkal suffered an attack resulting in a loss of 797,000 USDC and will fully compensate users for their funds.
Hinkal confirmed that the attacker extracted approximately 797,000 USDC from the Ethereum contract and swapped it for about 454 ETH, of which around 410 ETH was transferred into Tornado Cash and about 44.67 ETH was transferred to the Bitcoin network through THORChain. Hinkal has suspended all contracts and pledged to fully compensate affected users at a 1:1 ratio.
10:29
The New York Times: About one million investors in Trump-themed tokens have collectively lost $3.81 billion
ChainCatcher news, according to The New York Times, by the end of June, nearly 1 million investors had participated in various Trump-themed token investments, with a cumulative loss reaching 3.81 billion US dollars. Cryptocurrency analytics firm Nansen analyzed the trading mechanism and stated that the fee distribution rule for these tokens enables Trump to profit in both upward and downward market trends, with the main source of income coming from ongoing transaction fees.
10:26
New York Times: Nearly One Million Investors Lose $3.81 Billion in Trump-Themed Tokens
On July 4, the New York Times reported that a recent analysis revealed that by the end of June, nearly one million investors had cumulatively lost about $3.81 billion in investments related to Trump-themed meme coins. Crypto analytics firm Nansen stated that the trading mechanisms of these tokens allowed Trump to profit from both price fluctuations, as his earnings primarily came from transaction fees and ongoing market trading activities. Additionally, the promotion of these tokens on the social platform Truth Social further amplified trading volumes. Data shows that during his 2024 campaign, Trump shifted from being a 'crypto skeptic' to embracing the commercialization of digital assets, co-founding the crypto project World Liberty Financial with his children, which issued the $WLFI token that also experienced significant declines. Furthermore, the TRUMP token launched just days before his inauguration has been described as a 'speculative asset lacking practical use' and has already undergone a noticeable correction.
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