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Ethos will launch the WHUF token auction on September 1st, with a starting fully diluted valuation (FDV) of $1 million.

53 minutes ago

According to official announcements, on-chain reputation protocol Ethos Network has announced that it will launch a WHUF token auction on September 1, with plans to sell 20% of the token’s total supply. The auction features an 85% price protection mechanism, an initial fully diluted valuation (FDV) of $1 million, and a maximum valuation cap of $99 million. Additionally, Ethos will offer extra rewards for contributor XP and referrer participants. Users can complete registration in advance to join the WHUF token auction and related incentive activities.

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Franklin Templeton plans to introduce tokenized assets into its traditional funds.

According to Bloomberg, Franklin Templeton is preparing to introduce tokenized assets into traditional investment funds. The firm stated that after securing approval from U.S. regulators, its native digital products have been cleared for use in traditional funds for the first time. Based on a letter released by the U.S. Securities and Exchange Commission (SEC) and details disclosed by company executives, Franklin Templeton plans to deploy its tokenized money market fund in ETFs and mutual funds, serving both as fund holdings and collateral. This means investors who currently invest in traditional funds may end up with tokenized assets in their portfolios in the future, even if they did not actively seek such assets.

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Peter Schiff: Bitcoin’s rise is just a "false breakout", advises selling BTC and buying gold.

Longtime Bitcoin critic Peter Schiff posted that Bitcoin’s rally to break above $72,000 is a fake breakout, not a genuine one. The U.S. Treasury’s announcement of a repurchase plan caught the market off guard. Bitcoin investors have long believed that a return to loose monetary policy would act as a catalyst for sharp gains in both gold and Bitcoin, but that view is only half correct. Schiff advised selling Bitcoin and buying gold.

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Coinbase publicly calls on X to restore the Bitcoin emoji

Coinbase’s official X account posted that now appears to be a good time to resubmit this request to the X platform, calling out to X: “Restore the Bitcoin emoji.” Previous reports noted that X (formerly Twitter) removed the orange Bitcoin emoji associated with the #Bitcoin tag on July 26, 2024.

1 seconds ago

US CFTC to Hold Inaugural Innovation Advisory Committee Meeting, Discussing Cryptocurrencies and Other Topics

Crypto journalist Eleanor Terrett stated in a post that the U.S. Commodity Futures Trading Commission (CFTC) will hold its first meeting of the Innovation Advisory Committee at 1 p.m. Eastern Time (ET) today, discussing topics including cryptocurrency, artificial intelligence, and prediction markets. Attendees will include several corporate executives who attended a White House event yesterday, as well as other leaders from the crypto industry, traditional finance, academia, and the prediction market sector.

1 seconds ago

Privacy project Beldex completes $8 million funding round, led by Sigma Capital.

Privacy public blockchain project Beldex has closed an $8 million funding round, led by Sigma Capital with participation from NTC, Nxgen, Digital Consensus Fund, and EAK Ventures. The round will be used to accelerate the development of its privacy infrastructure for Web3 and AI. As it expands its business, Beldex is extending its existing privacy ecosystem further into the infrastructure space to support developers in building private, confidential applications. The company plans to allocate the funds to key areas including developer tools, privacy applications, protocol security, AI infrastructure, and ecosystem development.

1 seconds ago

Coinbase CEO: Bitcoin could surge to $300,000 to $400,000 in the coming years

Coinbase CEO Brian Armstrong told FOX Business in an interview, "I think in the coming years, such as by 2030, we could very likely see Bitcoin reach $300,000 and $400,000."

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