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Tron price climbed 4.2% to $0.33 while other major altcoins declined, driven by increased stablecoin demand as traders rotated profits into safer assets.
Conflux rallied 28% following its partnership announcement for the AxCNH offshore yuan stablecoin launch in Singapore and Malaysia, driving trading volume up 128% amid bullish technical indicators.
Quick Take South Korea’s central bank has installed a virtual asset division to monitor the crypto market and lead internal discussions on local currency stablecoins. It also renamed its existing digital currency team, likely indicating a more active stance towards digital currency initiatives.
Quick Take Rowland Marcus Andrade, the founder of AML Bitcoin, was sentenced to 84 months in prison today . The court said Andrade misled investors about AML Bitcoin’s technology, business potential, and launch timeline, defrauding them of more than $10 million.
- 06:37Blockchain fintech company Munify completes $3 million seed round financingJinse Finance reported that Egyptian blockchain fintech company Munify has announced the completion of a $3 million seed round, with strategic investment from BYLD, Digital Currency Group (the parent company of Grayscale), and others. The company leverages blockchain technology to provide individuals and businesses with multi-currency instant sending and receiving services, and has launched a stablecoin-backed virtual card. Currently, its business covers the United States, the United Kingdom, Europe, and Gulf Cooperation Council (GCC) member states. The new funds will be used to expand into other markets and grow the compliance team.
- 06:17Solana-based AI game CAT Crew 2 officially launchedAccording to ChainCatcher, CAT Crew 2, the first Web3 + AI nurturing game on Solana launched by the CAT Terminal community, has officially been upgraded and launched. It is reported that "AI Meow Mining" held its launch event in Dubai on August 16, with support from several Middle Eastern institutions including OOKC and X3 Labs. Currently, the game has attracted over 5,000 players, and the amount of CAT fed has exceeded 150 millions. This Meow Mining 2 upgrade introduces rare cat breed computing power bonuses and an adaptive feeding AI algorithm, as well as a new CAT ecosystem burn mechanism. The launch of CAT Crew 2 opens up a brand-new MEME 2 gameplay, bringing users an unprecedented on-chain interactive experience. As of press time, CAT's market capitalization is approximately $18.6 million, with the number of holding addresses reaching 9,000. .
- 06:03Avantis launches AVNT token airdrop checker, claiming will start on September 9BlockBeats News, on September 7, Base ecosystem derivatives trading platform Avantis launched the AVNT token airdrop checker. More than 65,000 wallets are eligible for the airdrop, and the airdrop claim will start at 22:00 on September 9 (UTC+8). On August 27, Avantis announced the launch of the AVNT token, with a total supply of 1 billion tokens. 51% will be allocated to the community, of which 12.5% will be distributed via airdrop. Previously, in June this year, Avantis completed an $8 million Series A funding round, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.