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Cryptocurrency Payment Company Mesh Completes New Funding Round with Participation from PayPal Ventures

2 hours ago

On August 14th, as reported by The Block, the cryptocurrency payment infrastructure company Mesh has successfully completed a new round of fundraising. The specific amount of the funding has not been disclosed yet. The participating investors include PayPal Ventures, Coinbase Ventures, Uphold, ByBit, SBI Japan, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures. This brings the total funding of Mesh to more than $130 million. Five months ago, Mesh raised $82 million in a Series B funding round led by Paradigm.
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Coinbase will undergo maintenance on August 19th

August 14th. According to official channels, Coinbase is scheduled to undergo maintenance at 8 a.m. on August 19th in Beijing time. During this maintenance period, there will be delays in sending and receiving BTC, LTC, BCH, ZEC, and DASH. Delays will also be experienced for all ERC20 tokens, as well as for sending and receiving on the Ethereum (ETH) and Ethereum Classic (ETC) networks. However, trading will not be impacted.

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Tom Lee: PPI Is Just a Blip, Buy the Dip Has Worked Every Time Since Late 2022

On August 14th, Tom Lee, the newly appointed chairman of BitMine, tweeted, stating, "Today's 'hot' PPI is merely a sideshow. Since the end of 2022, each dip has been a buying opportunity."

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After the release of the US July PPI data, the probability of a 25 basis point interest rate cut by the Fed in September stands at 92.5%.

On August 14th, after the release of the U.S. July PPI data, the probability of a 25-basis-point rate cut by the Fed in September slightly decreased to 92.5%, while the probability of keeping the interest rate unchanged was 7.5%.

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Ethereum Surges Above $4600

On August 14th, according to HTX market data, Ethereum has gone up above $4600, and it has a 24-hour decrease of 2.02%.

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Coinbase CEO: Over the past decade, BTC has seen a price increase of 490x, while ETH has seen a price increase of 3,500x

On August 14th, Coinbase CEO Brian Armstrong tweeted the asset performance over the past decade, which includes: · Gold: 201% · S&P 500: 207% · Bitcoin (BTC): 49,000% · Ethereum (ETH): 350,000%

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US Stock Crypto Reserve Concept Stocks Experience Widespread Decline, with Sharplink Falling by 6.29%

On August 14th, according to the market data of Rockflow, US stock cryptocurrency reserve concept stocks generally declined. This includes: · Sharplink Gaming decreased by 6.29%; · Bitmine dropped by 4.66%; · BTCS fell by 4.83%. · Strategy went down by 2.53%; · Circle increased by 1.55%; · Bullish rose by 4.93%.

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