Cryptocurrency News Digest for the Night of August 22, 2024

As of August 22, 2024, Bitcoin (BTC) is trading at $60,890. This figure has increased by 3% over the past 24 hours. The Ethereum (ETH) rate also increased by 2.4% and reached $2,630. Yesterday, the inflow of funds into Bitcoin spot ETFs amounted to $39.42 million. The outflow from ETH funds reached $17.97 million.

BlackRock’s ETH ETF Surpasses $1 Billion

BlackRock’s iShares Ethereum Trust (ETHA) has become the first Ethereum ETF to surpass the $1 billion mark. Total outflows from Grayscale ETHE during this time have reached $440.5 million.

Brazil approves 2nd Solana ETF

Regulators have cleared the way for another fund managed by Hashdex to launch, a move that strengthens Brazil’s position in the market amid regulatory challenges for Solana in the USA.

Binance Faces Lawsuit

The exchange and its former CEO Changpeng Zhao (CZ) have been hit with new charges in a class action lawsuit alleging that the platform’s management facilitated the laundering of stolen cryptocurrencies.

Terraform Labs faces bankruptcy

The company faces a bankruptcy hearing on September 19, 2024. The organization previously paid a fine of $4.5 billion after settling claims from the US Securities and Exchange Commission (SEC).

Tether to Launch Stablecoin in UAE

The company announced a partnership with Phoenix Group PLC and Green Acorn Investments Ltd. Together, they will launch a stablecoin pegged to the United Arab Emirates dirham (AED).

El Salvador Announces New Education Program

El Salvador’s National Bitcoin Authority has launched a program to certify 80,000 public officials. The initiative aims to improve strategic understanding and management skills related to the role. Bitcoin as legal tender.

Binance Adds DOGS to Launchpool

The exchange added a meme token to its platform. This project became the 57th on Launchpool. The cryptocurrency will be traded on the exchange Binance starting from August 26.

SunPump Generated $1.1M in 11 Days

The platform that helps launch meme tokens based on TRON has generated $1.1 million in revenue since its launch. The service has created more than 18,000 digital assets. The daily revenue of the TRON network has grown to $3.84 million.

Conflux and China Mobile Launch Blockchain-Based Video Ringtones

Conflux (CFX) has teamed up with a subsidiary of Chinese mobile provider Migu to launch blockchain-based video ringtones. The partnership also aims to introduce innovative products, including digital IDs for China Mobile users.

Major Holder Loses $55 Million

Crypto whale loses $55.47 million in DAI stablecoin after holder becomes victim of hacker attack The incident, analyzed by Lookonchain and CertiK, involved an unauthorized transfer of ownership of a Maker vault.

McDonald’s Instagram account was hacked

A well-known brand’s page was attacked by hackers. The attackers posted a post promoting a Solana-based token called Grimace. The market capitalization of this asset skyrocketed to $30 million, but then fell just as quickly to below $1 million.