News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: SUI open interest continued to grow above $256M. The Sui network is highly active, with more than 400K reported daily wallet interactions. Sui is a VC-backed project, with 75% of the tokens still locked and waiting to enter the market.
Telegram-based Hamster Kombat said it has turned down multiple VC offers and has no external investors. The Web3 game claims it rejected VC offers to protect its players from becoming exit liquidity. Still no information on when the HMSTR airdrop will happen.
Grayscale’s two spot Ethereum ETFs posted no flows on Monday.
Share link:In this post: Ethereum (ETH) increased its inflation to 0.67% as network usage slows down. An additional 57,000 ETH increased the supply in the past month. L2 have a mixed effect on Ethereum, by taking away some of the traffic, but raising demand for blob payments.
The U.S. Producer Price Index (PPI) only went up by 0.1% in July, showing that inflation is slowing down more than expected. Investors are watching the Fed closely, wondering if they’ll cut interest rates in September as inflation cools off. Major stock indices and Ethereum prices are on the rise, with ETH seeing big inflows into spot ETFs.
Share link:In this post: Polymarket and Perplexity are partnering to integrate advanced news summarization. The collaboration will enhance user engagement with features like customizable pages. Polymarket is seeing record growth due to interest in the US presidential election.
- 20:00Total Bitcoin Contract Open Interest Across the Network Drops to $63.25 BillionAccording to Coinglass data, the total open interest in Bitcoin futures contracts across the network is 670,970 BTC (approximately $63.25 billion). Among them, the open interest in CME Bitcoin contracts is 145,910 BTC (approximately $13.75 billion), ranking first.
- 19:58US SEC Delays Decision on Canary Spot Litecoin ETF ApplicationAccording to market news, the U.S. Securities and Exchange Commission has delayed the decision on the Canary Spot Litecoin ETF application.
- 19:36DeFi Development Agrees to Acquire a Solana Validator Node for $3.5 MillionAccording to The Block, real estate software company and SOL asset accumulator DeFi Development Corporation has agreed to acquire a Solana validator node for $3.5 million. The acquisition will be completed through the issuance of $3 million in restricted stock and a $500,000 cash payment.