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Dormant Bitcoin wallets from 2010 have been activated, sparking speculation about early miners and Satoshi Nakamoto. However, blockchain analysts doubt these coins are linked to Satoshi, offering insight into Bitcoin’s early adoption.
Ethena’s ENA token continues its impressive performance, with a 14% rise in the past 24 hours, fueled by strong demand and growing market confidence heading into August.
Japan’s crypto regulation is evolving, with proposed changes that aim to better protect investors and address market growth. Key reforms include stricter oversight for fundraising tokens and a focus on transparency.
Stablecoins are considered a modern version of a "narrow bank," being private digital tokens pegged to the U.S. dollar, purportedly backed by a one-to-one liquidity reserve, but their stability relies entirely on trust, leaving intact the age-old fragility of the financial system.
Share link:In this post: The market cap of public crypto companies has surged to $160 billion. Token-to-equity swaps give large crypto holders better liquidity and smoother exits without impacting token markets. Strategy raised $2.5 billion through STRC, a new Bitcoin-backed yield product offering monthly dividends and targeting retail investors.
Share link:In this post: Samsung’s semiconductor division posted a much lower-than-expected profit of $288 million due to foundry losses and US export restrictions. Overall profit surged 15-fold to 10.4 trillion won, driven by strong AI chip demand and rising memory prices. A $16.5 billion Tesla chip deal lifted investor sentiment, but the tech firm still trails SK Hynix and TSMC in the AI memory race.
- 01:12PredictIt receives approval from the US CFTC and will launch a new prediction market exchangeForesight News: According to Bloomberg, PredictIt, a market initially focused on political predictions, announced that its operator Aristotle has received licenses from the U.S. Commodity Futures Trading Commission (CFTC) to operate an exchange and clearinghouse, which are key elements for processing trades on prediction market exchanges. The company's application had been pending since the end of 2021. PredictIt stated that the new exchange is planned to launch in October. In recent months, the CFTC has approved a series of new prediction market exchanges. This latest regulatory approval further expands the number of regulated companies, allowing customers to place bets on a variety of outcomes such as interest rate changes, sports tournaments, and political results.
- 01:12CyberKongz to launch KONG token, airdrop eligibility check now openForesight News reported that CyberKongz has announced the TGE will take place tomorrow, and the KONG token airdrop eligibility check is now open. 2% of the KONG token supply will be distributed to active OpenSea users from 2023 to the present. Specifically, addresses with a trading volume exceeding $10,000 can claim 1,650 KONG; addresses with a trading volume exceeding $100,000 can claim 11,250 KONG. The token claim will be on a first-come, first-served basis, and users can claim tokens tomorrow at 21:00 (UTC+8). According to previous Foresight News reports, CyberKongz will replace its original token BANANA with the new token KONG. KONG will be issued on the Ethereum mainnet with a total supply of 1 billion tokens. BANANA can be converted to KONG at a ratio of 1:25 (conversion will be available at TGE).
- 01:12KindlyMD subsidiary invests $30 million in MetaplanetForesight News reported that KindlyMD's subsidiary Nakamoto has announced a $30 million investment in the Japanese listed company Metaplanet. This $30 million commitment is part of the overseas fundraising announced by Metaplanet today, with the financing expected to be completed by September 16, and the issuance and delivery of common shares scheduled for September 17. Foresight News reported that the Japanese listed company Metaplanet plans to raise approximately $1.384 billions overseas for its bitcoin business.