BTC $77,729.67 -2.39%
ETH $2,436.90 -3.20%
BNB $689.25 -2.07%
XRP $1.39 -2.84%
SOL $104.77 -1.27%
TRX $0.3382 -0.82%
DOGE $0.0851 -2.87%
ADA $0.2009 -4.55%
BCH $245.74 -3.51%
LINK $11.41 -3.42%
HYPE $82.44 -2.29%
AAVE $123.78 -1.97%
SUI $0.7412 -3.43%
XLM $0.1787 -2.92%
ZEC $823.13 +1.00%
BTC $77,729.67 -2.39%
ETH $2,436.90 -3.20%
BNB $689.25 -2.07%
XRP $1.39 -2.84%
SOL $104.77 -1.27%
TRX $0.3382 -0.82%
DOGE $0.0851 -2.87%
ADA $0.2009 -4.55%
BCH $245.74 -3.51%
LINK $11.41 -3.42%
HYPE $82.44 -2.29%
AAVE $123.78 -1.97%
SUI $0.7412 -3.43%
XLM $0.1787 -2.92%
ZEC $823.13 +1.00%

line

LINE is a well-known instant messaging platform that has entered the blockchain and cryptocurrency field in recent years through its subsidiary LINE Tech Plus. LINE launched its own blockchain platform, LINE Blockchain, and issued the token LINK (LN) for payment and reward mechanisms within the platform. LINE's blockchain project aims to combine blockchain technology with its extensive user base to promote the adoption and use of decentralized applications.
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first_img Analysis: Federal Reserve Chairman Waller downplays the decline in inflation, Bitcoin falls below $80,000

According to Cointelegraph, Bitcoin failed to effectively break through the $80,000 mark, with BTC/USD dropping to $78,442 on the Bitstamp platform, a decline of about 1% for the day, after Federal Reserve Chairman Kevin Walsh delivered a cautiously toned speech in Jackson Hole. In his speech, Walsh reaffirmed the Fed's commitment to the 2% inflation target and downplayed the significance of the recent decline in CPI and PCE data.Walsh stated that although these broad inflation indicators have significantly retreated from their highs a few years ago, the progress over the past two years has been relatively modest. The better-than-expected PCE and CPI readings this summer do not indicate that the underlying trend has materially improved. He also noted that the forward guidance, a conventional practice introduced during the financial crisis, "is now outdated" and will not return in the future. U.S. stocks were not weighed down by his remarks, with the S&P 500 and Nasdaq indices both rising by about 0.5%.On-chain data shows that there is a dense resistance zone between the current spot price and $86,000, which suppresses upward momentum. QCP Capital analysis pointed out that even if the price breaks through, the derivatives market needs to support it by controlling funding rates and the growth rate of open interest. The key is whether the subsequent market movement is driven by spot participation or leveraged positions. As of the time of writing, BTC/USD has risen 26.35% this month, marking the best August performance since 2017.

first_img Galaxy launches crypto asset collateralized credit lines for retail customers

On August 25, Galaxy launched the GalaxyOne Crypto Portfolio Line of Credit (PLOC) product for eligible U.S. customers. Users can pledge BTC, ETH, and SOL (including staked SOL) to borrow cash within a single revolving credit limit, without having to sell any crypto assets. The product has no initiation fees, features a variable annual interest rate of 8.99%, and a 50% initial loan-to-value ratio, meaning that $100,000 in pledged assets can borrow approximately $50,000.Galaxy stated that the value of the pledged assets will be continuously monitored, and warnings will be issued in advance if the assets decline; withdrawals are typically credited instantly, and funds can be used on the platform or withdrawn as USD and USDC stablecoins. The staked crypto assets will not be re-pledged or lent out, and staked SOL can continue to earn rewards while being used as collateral. Zac Prince, Managing Director of GalaxyOne, stated that with Galaxy's institutional infrastructure, they are able to launch this product with competitive rates, security, and flexibility.This product is offered by GalaxyOne Lending LLC in 40 states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota. This move is seen as an attempt to restart retail crypto lending on a regulated track after the collapses of Celsius, BlockFi, and Voyager in 2022, contrasting with the model of freezing customer funds and forced liquidations that year.

first_img Linera opens pre-registration for the LNRA community round, subscription from September 1 to 8

The real-time market application underlying protocol Linera announces the opening of pre-registration for the $LNRA community round, aimed at traders, badge recipients, community members, and external participants, allowing for token purchases before Season 1 and TGE. Pre-registration is open from now until September 1 UTC, with the subscription period from September 1 to 8 UTC. Participants can join at a fixed price / FDV using USDC on Base through sale.linera.net, with round pricing and scale to be announced on August 28.This round is divided into a reserved pool for badge holders and an open pool for all registered users. Badges can be earned daily through trading and social activities on app.linera.xyz and claimed at portal.linera.net. Higher levels and points determine the priority order for the reserved pool; the open pool is allocated proportionally, with a single wallet limit of $100,000. For every $1 committed, 1 Commitment Credit is earned, which can be used for fee-free trading volume in Season 1 on app.linera.xyz, with refunds also counted.It is reported that 65% of the total supply belongs to the community (including reserves and this pre-sale), while investors and early contributors hold a total of 25%, with a three-year vesting period from distribution. Linera claims there are currently about 50,000 traders, over 80 million predictions, and over 2 billion test trades, nearing the launch of the mainnet.
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