Crypto News Weekly Digest 04.08.2023

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2023-08-04

 

Crypto market

BTC - 29194 +0.29%.

Growth leaders among altcoins are PLS, OP, GMX.

Fall leaders are STX, COMP, LTC.

BTC dominance is 50.32%.

Altseason index 29.

 

Justin Sun supported the hacked Curve exchange!

The owner of TRON and TUSD crypto, Poloniex and Huobi exchanges bought 5 million CRV for $2.9 million.

If you short CRV, be aware that Sun will also run a pool of stUSDT on Curve.

Update. Curve supported several projects at once. However, the amount of funds blocked in Ethereum (TVL) fell by $3.55 billion.

 

Kenya bans retinal scans for Worldcoin.

On 1.08, over 350,000 Kenyans had their eyes scanned in exchange for 25 WLD tokens (~$59.09). 50% sold accounts to the Chinese.
 

Musk develops a trading platform.

The request for its creation was submitted by the largest market players. All costs will be covered by the developer.

As long as it's kept under wraps. Officially, Musk says no work is being done.

 

Tether reports a net income of $850 million for the second quarter of 2023.

USDT stablecoin issuer Tether reported a net income of $850 million in the second quarter of 2023. In an attestation report, the firm said the company had total excess reserves of about $3.3 billion.


 

FTX provided a restructuring plan.

The FTX team announced a restructuring plan. Important points to know:

Claims Conversion: All non-customer-related claims will now be subordinated. This means that FTX strives to more effectively manage liabilities and increase the transparency of its work.

News for FTT: FTT token requirements have been completely reset! This opens up new opportunities for token holders.

Offshore exchange relaunch: FTX is preparing to relaunch the offshore exchange in order to provide compensation and protect the interests of users.