The Sandbox unlocks $133 million worth of tokens
Metaverse platform The Sandbox (SAND) unlocked a total of 332 million SAND tokens (16% of circulating supply). Unlocked tokens are worth approximately $133 million at the time of unlocking.
Binance delists 17 spot trading pairs
Binance delisted some trading pairs on the platform on August 17, 2023. 17 trading pairs were delisted including:
Aug 17 03:00 (UTC): ETA/BNB, BTTC/BUSD, CELR/BNB, CHZ/GBP, CTK/BUSD, DENT/BUSD
Aug 17 06:00 (UTC): ENJ/BRL, GAL/EUR, JST/BUSD, MANA/BRL, NEO/RUB, NKN/BUSD
Aug 17 08:00 (UTC): RUNE/GBP, SAND/BRL, SNT/BUSD, SUN/BUSD, VET/GBP.
On Aug 18, Binance continued to remove 8 spot trading pairs from the platform, including: CKB/BUSD, FARM/BUSD, ORN/BUSD, REN/BUSD, SKL/BUSD, UFT/BUSD, ZEN/BUSD, ZRX/BUSD.
Binance will delist SNM, SRM and YFII on Aug 22
Binance announced that it will delist 3 coins, Sonm (SNM), Serum (SRM) and DFI.Money (YFII) on Aug 18, 2023, please pay attention.
Binance shuts down crypto payments service
Crypto exchange Binance has shut down its payments service Binance Connect (formerly known as Bifinity) just 1 year after its launch. The service was disabled on August 16 because the company wanted to refocus on its key products and long-term goals, according to Binance.
Prime Trust filed for bankruptcy
Crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection in Delaware after facing a shortfall in customer funds.
Big Short trader Michael Burry bets $1.6 billion on stock market crash
Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, held bearish bets against the S&P 500 and Nasdaq, according to securities filings released Monday last week, to the tune of over a billion dollars.
SpaceX sold $373M in Bitcoin, BTC Price Dips to $25K Mark
Billionaire Elon Musk’s aerospace company SpaceX has sold $373 million worth of Bitcoin that it acquired in 2021-2022, citing documents detailing SpaceX’s financial situation obtained by Wall Street Journal.
Evergrande filed for bankruptcy in the US
On August 17, China Evergrande Group, once a leading name in the real estate industry in China, filed for bankruptcy protection in the United States.
Evergrande filed for bankruptcy under Chapter 15 of the Bankruptcy Protection Act in the United States. Chapter 15 bankruptcy protection allows a U.S. bankruptcy court to intervene in cross-border insolvency cases involving foreign companies that are undergoing restructuring from creditors. It aims to protect the debtors’ assets and facilitate the rescue of businesses that are in financial trouble.
A trader lost $55 million on Ether long yesterday
An anonymous trader suffered a $55 million loss on an ether trade against binance usd (BUSD) on crypto exchange Binance as crypto markets plunged suddenly late on Thursday, data shows.
Elon Musk backs pro-Crypto US Presidential candidate
Musk responded to a snippet of Ramaswamy’s interview on Tucker Carlson’s Tucker on Twitter podcast, saying, “Vivek Ramaswamy is the youngest-ever Republican presidential candidate.” Musk added, “He is a very promising candidate.”