ntoTheBlock posted on X that since early November, Tether has issued more than US$13 billion in USDT, which is the fastest issuance rate since 2021. According to DefiLlama data, the total market value of stablecoins is now reported at US$193.317 billion, continuing to hit a record high; in the past week, the increase was 1.44%, and the USDT market share reached 69.56%.
Foresight News reported that crypto trading platform Bitget responded to the abnormal fluctuations in BGB prices this morning and said that the team is currently making every effort to verify the reasons and provide feedback to users as soon as possible. In addition, Xie Jiayin, head of Bitget Chinese, said that Bitget will formulate a compensation plan for users who have suffered actual losses due to this incident.
The National Electricity Authority (ANDE) of Paraguay recently discovered and seized an illegal Bitcoin mining activity with 693 miners. ANDE confirmed that it was illegal to steal electrical energy. According to Law 7300/24, stealing electrical energy is a crime and carries a maximum penalty of 10 years in prison.
According to CoinDesk, citing the New York Post, the Trump Organization, the holding company of former United States President Donald · Trump's business enterprises, is about to launch a new cryptocurrency plan. Eric Trump, the son of former President Trump and executive vice president of the Trump Organization, revealed the upcoming project in an interview with The Washington Post, but declined to give any specific details, saying only that the crypto project would be publicly announced after "everything is ready." He hinted that the project could involve "digital real estate", suggesting that people could lend or borrow money through it. Eric Trump said: "This project is fair and this is collateral that anyone can get immediately. I don't know if people realize what a shock this is for the banking and finance industry. In the interview, he added that he had a "unique perspective" on "how easily people can be excluded from certain markets" and said the Trump family "certainly suffers from a fair share of financial discrimination as well." In addition, Eric Trump said: "I think at some point, we all want to achieve some form of economic independence, living in a world where we don't have to play by the big banks' playbook. That day will come soon. Previously, on August 7, Trump's son Eric Trump said that he had a strong interest in crypto/DeFi and would make a major announcement.
Bitcoin miner Riot Platforms acquired Kentucky bitcoin miner Block Mining for $92.5 million ($18.5 million in cash and $74 million in Riot common stock). Riot said the acquisition could add 60 MW of existing operating capacity. The transaction immediately increased Riot's existing self-mining computing power by 1 EH/s, and by the end of 2025, it may finally reach 16 EH/s.
Arkham data shows that about 703 BTCs were transferred to Coinbase Prime three hours ago, and about 592 BTCs were transferred to an unmarked address at the beginning of bc1 qak. Arkham data shows that about 703 BTCs were transferred to Coinbase Prime 10 minutes ago, and about 592 BTCs were transferred to an unmarked address at the beginning of bc1qak.
Base tweeted the 12th batch of winners of 2024 Base Builder Grants, including:
Evolution of Curls (nygilia.eth), Based Puppets (Sm0ggy), Paycrest (chibie.eth), Cranium (Tatout on Base), Automod (jtgi), Based collection (eneowaith.eth), Lil Sips (Elric and subtle_bubble).
According to Ember Monitoring, a giant whale sold 155.1 billion PEPE (about $ 2.58 million) on the chain three hours ago and replaced it with 36.36 WBTC.
According to ALEX officials, the top priority now is to recover a total of 13.7 million STX and develop a financial allocation plan to support the affected users.
Details of the plan will be announced soon
James Fickel currently deposits 128516 ETH ($ 404 million) and 40.97 million USDC with Aave and borrows 2266 WBTC ($ 146 million) and has been long ETH/BTC trading pairs since December 2023.