Cointime

Cointime

Download App
iOS & Android

Crypto Morning Briefing: Coinbase Likely To Launch Global Crypto Trading Platform

Cointime Official

Top Stories

Binance Converts Its BUSD in SAFU Funds to Other Stablecoins

Binance – the world’s largest cryptocurrency exchange – announced that it has converted the BUSD stablecoin it its SAFU fund. The Secure Asset Fund for Users (SAFU) was launched by the exchange back in 2018 as an emergency insurance fund in order to protect users. The fund initially consisted of Bitcoin (BTC), Binance USD (BUSD), and Binance Coin (BNB).

USDC Stablecoin Sees Massive $3 Billion Outflows in Three Days

The popular stablecoin USD Coin (USDC) has seen outflows of around $3 billion over three days this week, issuer Circle said in a blog post on Thursday.

China’s Fujian Province Has Processed $22bn Worth of Digital Yuan

Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.

KuCoinLabs Backs TripleC To Incubate Fun and Sustainable Web3 Games

TripleC is a GameFi incubation and distribution platform that aims to solve the biggest pain point in the current GameFi market – poor playability and unsustainable games. KuCoinLabs, the research arm of the KuCoin cryptocurrency exchange, has recently announced its support for TripleC to incubate and publish web 3 games that are fun to play and reward players for their effort in the form of digital assets using blockchain technologies.

Coinbase Likely To Launch Global Crypto Trading Platform

US based crypto exchange Coinbase is reportedly in talks to introduce a trading platform for its overseas customers. According to latest reports, the exchange approached its institutional clients about the prospects of bringing in a new platform. If this goes on to be true and materializes, it will make full sense given the ongoing onlslaught on crypto market by US regulatory agencies. Not long ago, top exchange Binance was indirectly subject to scrutiny with the Paxos BUSD supply enforcement action by the U.S. Securities and Exchange Commission (SEC).

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $26,789.83 USD, jumped by 7.30% in the last 24 hours;

ETH’s live price is $1,744.47 USD, jumped by 4.01% in the last 24 hours;

BNB’s live price is $335.20 USD, jumped by 1.95% in the last 24 hours;

XRP's live price is $0.37 USD, jumped by 2.47% in the last 24 hours.

Fundraising News

Innovative Fan Engagement Platform GigaStar Closes $4.8M Seed Funding

GigaStar, a Chicago, IL-based company that accelerates human creativity by bringing YouTube Creators and Fans together as partners in revenue sharing securities, raised $4.8M in Seed funding.

Bitcoin Bitcoin $64,825.47
+0.8%
Binance Coinbase Bitcoin stablecoin China Web3
Comments

All Comments

Recommended for you

  • U.S. July Nonfarm Payrolls Fall by 23,000, Missing Market Expectations

    On August 7, U.S. nonfarm payrolls decreased by 23,000 in July, compared with market expectations of an increase of 80,000, and the previous value was an increase of 57,000.

  • US May and June Nonfarm Payroll Additions Revised Down by 103,000 Combined

    On August 7, the US Bureau of Labor Statistics: May nonfarm payroll additions were revised down from 129,000 to 63,000; June nonfarm payroll additions were revised down from 57,000 to 20,000. After the revisions, the combined additions for May and June were 103,000 lower than previously reported.

  • U.S. Rate Futures Market Sees Lower Odds of Fed September Hike

    On August 7, the probability of a Fed rate hike in September as priced by U.S. interest rate futures declined.

  • New York Gold Futures Top $4,400 per Ounce

    New York gold futures topped $4,400 per ounce, up 2.36% on the day.

  • Japan Finance Minister: FX Market Affected by Moves Not Driven by Actual Demand

    Japanese Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Bessent agreed that the foreign exchange market has been affected by moves not driven by actual demand.

  • BTC Breaks Through $65,000

    Market data shows BTC has broken through $65,000, currently reported at $65,007.44, with a 24-hour increase of 0.6%. The market is highly volatile, please exercise risk control.

  • Brent Crude Drops 2.00% Intraday to $81.07/Barrel

    Brent crude oil fell 2.00% during the day, now at $81.07 per barrel. (Jin Shi)

  • Trump: Data Centers May Be More Important Than Oil

    August 7 news, U.S. President Trump said in an interview with Punchbowl News, "I saw the other day that Texas seems to be opposed to building data centers. I think that's a mistake. I'm not taking a position—I just think it's a mistake, because there are other communities that want to build data centers. When a community is willing to accept data centers, it means a lot of money will flow into that community. I don't think they're ugly. Some of the data centers I've seen are the most incredible buildings I've ever seen. They are very important to the economy. If Texas says no to data centers, that's a mistake, because data centers may be more important than oil."

  • Trump to Meet with Mining Executives

    On August 7, according to CCTV International News, US President Trump will convene executives from some of the world's largest mining companies at the US State Department on August 7 local time, in an effort to take action to 'secure critical mineral supplies for the US and its allies.' Reuters reported that the US urgently needs critical minerals to replenish weapons inventories depleted during the war against Iran. During the more than five-month war with Iran, the US military expended large quantities of precision-guided missiles and air defense interceptors. US defense officials and lawmakers have warned that given existing production capacity constraints, replenishing some stockpiles could take years—although the Trump administration has denied reports of a so-called 'severe shortage of ammunition stockpiles.' According to Pentagon officials and defense companies, supplies of minerals such as rare earths, tungsten, germanium, and scandium are essential for manufacturing precision-guided missiles, fighter jets, armored vehicles, infrared sensors, and other advanced weapons systems. Expected attendees include industry giants such as global mining giant Rio Tinto Group, Australia's BHP, US Freeport-McMoRan, US Mountain Pass Materials, US Rare Earths, US Energy Fuels, and Canada's Metals Company. According to sources, the Trump administration plans to announce multiple deals and memorandums of understanding.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company