Right here Are the High Crypto Information of the Day Curated by CoinChapter.com
Solana Whale Continues Giant-Scale Token Promote-off
A Solana whale has been frequently promoting tokens since January, depositing a complete of 594,000 SOL (price $84 million) to main exchanges like Coinbase, Binance, and OKX. The newest sale was 20,000 SOL (about $2.8 million). The whale has been promoting tokens a minimum of as soon as per week.
Crypto Information: Venezuelan Authorities Blocks Binance
Following a disputed presidential election on July 28, which noticed Nicolás Maduro re-elected, Venezuela has blocked entry to a number of web sites, together with the crypto change Binance. The censorship, detected on August 9, additionally impacts social media platforms, encrypted communication instruments, and e-commerce websites.
This block considerably impacts Venezuelans who depend on Binance for monetary stability amidst extreme bolivar devaluation. Binance has assured customers that their funds stay safe and is monitoring the state of affairs intently. In the meantime, Venezuelans are turning to VPNs to bypass the restrictions and entry these platforms.
Learn Full Story Right here — Venezuelan Censorship Hits Binance Amid Submit-Election Chaos
Three Arrows Capital Liquidators Sue Terraform Labs
Liquidators of the collapsed cryptocurrency hedge fund Three Arrows Capital (3AC) have filed a $1.3 billion declare towards Terraform Labs in Delaware federal court docket. They allege that Terraform Labs misled 3AC in regards to the stability of tokens within the Terra ecosystem, together with TerraUSD (UST) and Terra Luna (LUNA).
The liquidators argue that these misrepresentations induced 3AC to take a position closely in Terra simply earlier than its collapse in Could 2022. They’re looking for damages for direct purchases of UST and Luna, in addition to related losses from the crash’s influence on 3AC’s different cryptocurrency investments. This declare follows latest authorized actions towards Terraform Labs co-founder Do Kwon.
Crypto Information: PayPal’s Stablecoin Grows on Solana, Surpassing Ethereum Provide
PayPal’s U.S. dollar-pegged stablecoin, PYUSD, has seen vital progress on the Solana community, surpassing its provide on Ethereum. The Solana-based PYUSD tokens now exceed 377 million, in comparison with 356 million on Ethereum. This progress comes simply months after PYUSD expanded to Solana in Could 2024.
Launched on Ethereum in August 2023, PYUSD’s whole provide throughout each networks has greater than tripled for the reason that finish of 2023, now surpassing 733 million tokens. This speedy enlargement has made PYUSD the fourth-largest centralized stablecoin issuer, following Tether (USDT), Circle (USDC), and First Digital (FUSD).
Jatinder Singh, 39, has been sentenced to 3 years in jail for stealing $4.4 million mistakenly refunded by Crypto.com. In Could 2021, a employees error led to Singh’s associate, Thevamanogari Manivel, receiving AU$10.47 million as a substitute of AU$100. The couple spent lavishly on luxurious items, property, and presents earlier than being caught seven months later.
Singh claimed he thought he’d received a web based raffle. He will likely be eligible for parole after serving two years, with 361 days of presentence detention acknowledged. Manivel beforehand served 209 days in jail and obtained an 18-month group corrections order for her involvement.
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