Bitcoin Rises to $68,000 | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2. Cryptocurrency Trends:

• Ether.Fi signs restaking agreement with Omni Network to invest $600 million worth of Ethereum to secure the Omni Network. Both Omni and Ether.Fi have committed to using EigenLayer's pooled security model.
• MicroStrategy proposes a private placement of $600 million of senior convertible notes to purchase more Bitcoin, with interest payable semiannually starting from September 15, 2024.
• Bitcoin rises to $68,000, leaping past Meta's valuation to become the 9th largest mainstream asset in the world by market cap.
• Tether issues an additional 1 billion USDT on the TRON network at 5:00 AM (UTC+8).
• FTX begins formal liquidation proceedings and will compensate customers for Bitcoin at a price of $16,871, ETH at a price of $1258, SOL at a price of $16.24, and BNB at a price of $286.
• The Fantom Foundation intends to request the appointment of liquidators to recover at least $65 million in community assets from the Multichain Foundation.

3. Financing Trends:

• Stack, a Web3 loyalty platform, raises $3 million in a funding round with participation from Coinbase Ventures and others. The funds will be used for the development of on-chain reward points, loyalty programs, and identity.
• Hypercomic, a Web3 fan collaboration platform, completes a Series A funding round led by Logan Ventures.

4. Regulatory Trends:

• SEC delays resolution of BlackRock's Ethereum spot ETF application.
• Taiwan's Financial Supervisory Commission (FSC) plans to propose a draft of a special law on virtual currencies in September.