Stablecoin-Focused Bitcoin Sidechain Plasma Draws $373M in Oversubscribed Token Sale
The Plasma network will hold $1 billion in stablecoins at launch and offer fee-free stablecoin transfers.
The Plasma network will hold $1 billion in stablecoins at launch and offer fee-free stablecoin transfers.
According to the website of the US Department of Justice, Arizona man Vincent Anthony Mazzotta Jr. (also known as Vincent Midnight, Delta Prime, Director Vinchenzo) recently admitted to involvement in money laundering and obstruction of justice crimes. He and his accomplices used artificial intelligence automated trading robots to obtain high returns in the cryptocurrency market through false promises, luring investors to invest in companies such as Mind Capital and Cloud9 Capital, with a total amount involved exceeding $13 million. In addition, they also fabricated the Federal Crypto Reserve (FCR) government agency to further defraud victims of funds. Mazzotta also attempted to destroy evidence and falsify company records to cover up the crime. He may face up to 15 years in prison.
According to Bloomberg, US banking technology service provider FIS (Fidelity National Information Services Inc.) announced a partnership with Circle Internet Group Inc. to provide financial institutions with trading services based on Circle stablecoin USDC. Both parties aim to assist Bank of America in providing customers with the option to use USDC for domestic and cross-border payments. FIS plans to integrate USDC into its cash flow platform, and it is expected that the service will be launched before the end of the year.
According to Bloomberg, Brevan Howard Asset Management will appoint former Thiel family office member David Kalk as the portfolio manager for its multi strategy digital asset fund. Kalk previously served as Chief Investment Officer at Reflexive Capital and has extensive experience in macro and digital asset investments. He will join Brevan Howard with two former team members and continue to manage digital asset investments at the company. Brevan Howard has been actively expanding into the cryptocurrency field in recent years, with its BH Digital fund yielding 51.3% last year.
OKX-ETH/USDT is currently trading at $3744.68, with a 5-minute decline of 0.97%. Please be aware of market fluctuations.
BlockBeats News: On July 29th, according to HyperInsight monitoring, the market experienced a pullback this morning with significant volatility. Multiple whales have changed their contract positions on the Hyperliquid platform, mainly by increasing their short positions and building long positions. Among them: The open position amount of Giant Whale ETH at address 0x880ac has increased by $868208.37, with a current profit and loss of approximately $19.324 million and a current clearing price of $4804.055; The address starting with 0xd4c1F has reduced the open position of Giant Whale ETH by 447.79, with a current profit and loss of -113840.80 US dollars and a current clearing price of 5329.503 US dollars; The address starting with 0x123db, Giant Whale kBONK, has an increase of 21349599.00 short positions, with a current profit and loss of -850048.62 and a current clearing price of 0.068 US dollars; The address starting with 0x4A207 has a decrease of 392.35 BTC long positions, with a current profit and loss of -34423.97 US dollars and a current clearing price of 90734.996 US dollars. The address has a decrease of 5768.60 ETH long positions, with a current profit and loss of -113679.21 US dollars and a current clearing price of approximately 2393 US dollars; The SOL open position at address 0x469e9a has increased by 10901.64, with a current profit and loss of -31097.76 US dollars and a current clearing price of 210.726 US dollars.