Google Play Store Bans Unauthorized Cryptocurrency Wallets
Infinity Hedge reported that Google Play Store has banned unauthorized cryptocurrency wallets. The Google Play Store has mandated anti-money laundering and KYC (Know Your Customer) requirements for non-custodial wallet apps in the US and EU. According to the new policy, non-custodial wallets must register with FinCEN under the US Treasury Department, possess a state bank license, or obtain a European MICA license. Infinity Hedge explained that this effectively bans non-custodial wallets in the EU.
US SEC Officially Files Invesco Galaxy SOL Spot ETF
The US Securities and Exchange Commission (SEC) has officially filed the Invesco Galaxy SOL Spot ETF.
5,400 BTC Transferred... Kraken → Anonymous
According to Whale Alert, 5,400 BTC was transferred from a Kraken address to an anonymous address. The amount is worth $660 million.
500,000,000 USDC Transferred... USDC Treasury → Anonymous
According to Whale Alert, 500,000,000 USDC was transferred from the USDC Treasury address to an anonymous address. The amount is worth $500 million.
4,228,359 OKB Transferred... OKX → Anonymous
According to Whale Alert, 4,228,359 OKB was transferred from an OKX address to an anonymous address. The amount is worth $440 million.
3.2 Billion USDC Burned
According to Whale Alert, 3.2 billion USDC was burned from the USDC Treasury address.
4 Billion USDC Newly Issued
According to Whale Alert, 4 billion USDC was newly issued from the USDC Treasury address.
2.5 Billion USDC Newly Issued
According to Whale Alert, 2.5 billion USDC was newly issued from the USDC Treasury address.
Ethereum DEX Volume Surpasses Solana for the First Time Since April
CoinDesk reported that Ethereum-based DEX (decentralized exchange) volume has surpassed Solana for the first time since April. Over the past 48 hours, Ethereum DEX volume reached $24.5 billion, while Solana's was $10 billion. Solana DEX volume is declining as the meme coin craze subsides.
MetaMask Likely to Unveil Stablecoin mUSD This Week
CoinDesk reported that MetaMask is likely to unveil its own stablecoin mUSD this week. MetaMask and Stripe's stablecoin issuance protocol M^0 declined to comment on the matter.
Thumbzup Raises $50 Million, Launches BTC Mining Operation
Nasdaq-listed social media marketing company Thumbzup (ticker: TZUP) has completed a $50 million fundraising and plans to build a large-scale Bitcoin mining infrastructure in the US. Thumbzup currently holds over $2 million in BTC and has previously stated it will purchase ETH, XRP, SOL, Doge, LTC, and USDC. Previously, Coinnews reported that Donald Trump Jr. had sold a large number of Thumbzup stocks.
Arbitrum Developer Acquires Smart Account Development Team ZeroDev
Offchain Labs, the Arbitrum developer, announced the acquisition of ZeroDev, which creates next-generation smart accounts. The specific acquisition amount was not disclosed. ZeroDev supports over 5 million smart accounts across more than 30 chains.
Bullish Debuts on NYSE... Starts Trading at $90
Cryptocurrency exchange Bullish began trading on the New York Stock Exchange. It started trading at $90, higher than its initial public offering price of $37.
Major Altcoin Open Interest Reaches All-Time High
Glassnode reported that major altcoin futures open interest has reached an all-time high of $47 billion. As leverage investments increase, price volatility and market structural vulnerabilities also increase.
Ethereum Foundation: "Did Not Sell 4,095 ETH"
Regarding the news that an Ethereum Foundation-related address sold 4,095 ETH the previous morning, co-executive director Wang Xiaowei stated, "The foundation did not sell. When the ICO was held in 2014, 9% of ETH supply was distributed to the foundation, and currently, the foundation holds less than 0.3% of the total supply. Therefore, there are numerous addresses associated with the foundation."
Trump: "Will Nominate New Fed Chair Soon... 3-4 Candidates"
President Trump said, "I will nominate a new Fed chair as soon as possible. The candidates have been narrowed down to 3-4."
Trump Jr. Sells Large Number of Thumbzup Stocks... $46 Million Profit
Donald Trump Jr. became the largest stock seller of Nasdaq-listed social media marketing company Thumbzup. The Block estimated he earned approximately $46.5 million in profit after fees. Thumbzup is a company that recently adopted a cryptocurrency purchasing strategy. In July, Coinnews previously reported that Donald Trump Jr. purchased 350,000 Thumbzup shares.
Odin.fun Suffers 58 BTC Damage from Liquidity Manipulation Attack
Decrypt reported that Odin.fun, a Bitcoin meme coin launchpad that experienced unusual withdrawal incidents, suffered a $7 million (58.2 BTC) loss due to a liquidity manipulation attack. The platform has suspended trading and plans to resume operations next week.
ETH Whale Realizes $13.6 Million Profit
OnChainLens reported that "a whale deposited 11,359 ETH to Binance, realizing a $13.6 million profit."
Canary Registers TRUMP ETF Entity in Delaware
Unfolded reported that Canary has completed the registration of a TRUMP ETF entity in Delaware. This is merely a trust registration and not an official ETF filing.
Coinbase Adds USELESS to Listing Roadmap
Coinbase has added USELESS to its listing roadmap.
Coinbase Lists WCT
Coinbase announced the listing of Wallet Connect (WCT).
Analysis: "BTC May Reach Cycle Peak in Q4"
Considering the previous cycle, Benjamin Cowen, founder of Into the Cryptoverse, predicted that Bitcoin could form a cycle peak in the fourth quarter of this year. He added, "Bitcoin has typically repeated a pattern of adjusting to the 20-week Simple Moving Average (SMA) by the end of the third quarter (September) after the halving, and then reaching its peak in the next quarter. In this cycle, if the 20-week SMA forms around $110,000, it could conservatively rise to $153,000."
Atlanta Fed President "One Rate Cut Within the Year Appropriate" Reaffirms
Rafael Bostic, President of the Atlanta Federal Reserve, stated, "One rate cut within the year is still considered appropriate. The rate cut depends on the job market."
WLFI Reaches $0.37 in Pre-market... 25x Higher Than Pre-sale Price
WLFI reached $0.37 in the pre-market Whale Market, approximately 25 times higher than its first pre-sale price.
3,000 BTC Transfer... Kraken → Anonymous
According to Whale Alert, 3,000 BTC was transferred from a Kraken address to an anonymous address. The amount is worth $360 million.
BTC Surpasses $122,000
According to Coinness market monitoring, BTC has surpassed $122,000. BTC is trading at $122,000 on the Binance USDT market.
