Crypto Scam? PolitiFi Token RTR Plummets 95% After Trump Family Denies Link
This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge after its launch. However, its price quickly plunged after the former US president’s camp denied any links with it.
Sonic testnet sees 1m active wallets and 600m transactions
Sonic, a layer 2 gaming network on Solana, has announced that its testnet hit 1 million monthly active addresses and recorded more than 600 million transactions.
The L2 is the first Solana Solana
SOL
2.51%
Solana virtual machine-powered gaming platform. It’s different from Fantom Fantom
FTM
7.64%
Fantom’s Sonic upgrade.
In details shared with crypto.news on Aug. 8, Sonic SVM said the first phase of the testnet reached over 1 million active addresses. Total transactions exceeded 600 million, with Sonic Origins—the first phase of the network’s testnet—seeing users interact with games such as Rage Effect, JogoJogo, and LowLifeForms.
The latest testnet milestone comes after Sonic Testnet Odyssey went live in June.
Telegram mini-games to get a boost with Pixelverse and Azur Games
Web3 gaming platform Pixelverse has announced a strategic partnership with mobile game studio Azur Games to enhance the gameplay experience of Telegram mini-games.
This collaboration will introduce a new mobile game on the Pixelverse platform featuring characters from the Pixelverse ecosystem. The partnership will bridge the gap between Web3 and traditional mobile gaming by leveraging advanced gameplay features and integrating blockchain elements.
crypto.news/telegram-mini-games-to-get-a-boost-with-pixelverse-and-azur-games/
Decentralized crypto exchange Nexera halts trading following $1.5m exploit
Multi-chain decentralized trading platform Nexera has suffered a $1.5 million exploit, forcing it to stop all trading operations.
Decentralized crypto exchange Nexera — also known as AllianceBlock Nexera — has fallen victim to a hacker attack, resulting in a loss of $1.5 million worth of liquidity. The breach was first reported by blockchain forensic firm Cyvers through a post on X, which flagged a “suspicious transaction” involving Nexera’s proxy contract.
crypto.news/decentralized-crypto-exchange-nexera-halts-trading-following-1-5m-exploit/
ARK Invest buys $17.77 million COIN, $11.19 million HOOD as BTC fell under $50k
In addition, ARK bought 681,885 shares of Robinhood (HOOD), the crypto-friendly online brokerage, for $11.19 million, marking its first purchase since Feb. 13.
The buying activity was primarily within the ARK Innovation ETF (ARKK), which purchased 65,165 shares of Coinbase. The ARK Fintech Innovation ETF (ARKF) and the ARK Next Generation Internet ETF (ARKW) also participated, purchasing 15,629 and 13,003 shares of Coinbase, respectively.
crypto.news/ark-invest-buys-14-81m-coin-9-37m-hood-as-btc-fell-under-50k/
Final day of 99Bitoins’ presale – token defies bear market, raises $2.6M
The 99Bitcoins token presale, which has raised $2.6 million, ends today. This marks the last chance to buy at a fixed price before it lists on exchanges.
99Bitcoins token (99BTC) is the all-weather cryptocurrency. Engrossed by its unique learning platform, investors continue to buy the presale, undeterred by crypto’s recent devaluation.
crypto.news/final-day-of-99bitoins-presale-token-defies-bear-market-raises-2-6m/
Hackers use stolen funds to buy ETH amid price crash
As the price of ETH dropped over 20% on Aug. 30, hackers were seen leveraging the opportunity to buy the dip using stolen crypto.
crypto.news/hackers-use-stolen-funds-to-buy-eth-amid-price-crash/
Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%
Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend.
Bitcoin slumped under $60,000 in early U.S. hours Sunday as a market sell-off continued into its fourth day, with bullish futures bets losing nearly $200 million in the past 24 hours.
Ether (ETH) fell under $2,900, retracing all gains from its run to $3,400 in July as spot ETH exchange-traded funds (ETFs) were approved for trading in the U.S.
Solana Price Crash: SOL Breaches Crucial Support, Next Stop $125?
The Solana price prediction remains uncertain as SOL struggles to maintain stability, dropping over 6% in the past 24 hours.
This decline is driven by a broader bearish sentiment in the crypto market following the Federal Reserve’s decision to delay rate cuts, exacerbating recession fears and geopolitical tensions in the Middle East.
Additionally, concerns over FTX potentially holding 8% of the SOL supply have intensified market apprehensions, adding downward pressure on Solana’s price as investors anticipate possible further declines
Harris campaign seeks relationship reboot with crypto leaders, Ro Khanna to host virtual event
U.S. Representative Ro Khanna is set to host a roundtable discussion between representatives from Vice President Kamala Harris’ campaign and cryptocurrency “industry leaders” on Aug. 5.