News In 4 Seconds – 4 Second Crypto News & Education

Polymarket Hits Record $472.87M in August Volume Amid Election Betting Frenzy

Sun, 01 Sep 2024 18:06:14 +0000

The blockchain-powered prediction market Polymarket saw an additional $85.84 million in trading volume during August, marking a notable uptick from July. August’s volume of $472.87 million set a new high, surpassing every month since Polymarket’s inception. Polymarket Volume Soars in August While some sectors faltered in August, Polymarket thrived, setting new records with $472.87 million […]

Are Vitalik Buterin’s $10M Ethereum sales bad news for ETH bulls?

Sun, 01 Sep 2024 16:53:06 +0000

Buterin’s recent transfer of 1,100 ETH to exchanges coincides with the Ethereum Foundation’s Ether sales worth over $200 million.

Telegram financial statement shows it holds $400 million in crypto

Sun, 01 Sep 2024 16:52:57 +0000

The messaging app had about four million premium users at the end of 2023.

Crypto losses to hacks exceed $313M in August

Sun, 01 Sep 2024 16:52:56 +0000

The two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million.

Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low

Sun, 01 Sep 2024 16:52:19 +0000

Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects […]

NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge

Sun, 01 Sep 2024 15:44:02 +0000

Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately […]

What Web3 Games Need to Do to Break into the Japanese Market – IVC Partner Ann Chien

Sun, 01 Sep 2024 15:44:00 +0000

IVC is a Web3 venture capital fund backed by leading Japanese gaming studios. They focus on Web3 gaming, digital entertainment, AI, DeFi, and infrastructure, and have invested in over 200 projects. They also host Japan’s largest Web3 conference, IVS Crypto, which attracts over 12,000 attendees annually. Ann Chien serves as a Partner at IVC. She […]

Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review

Sun, 01 Sep 2024 14:11:59 +0000

The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice to Opensea, potentially classifying NFTs as securities. Economist […]

Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings

Sun, 01 Sep 2024 12:22:39 +0000

Oasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial conglomerates in Japan. As part of this partnership, Oasys secured an undisclosed amount of funding to grow the liquidity of its token and expand the Oasys ecosystem. Yoshitaka Kitao, President and CEO of SBI Holdings, stated that […]

Rollups Are ‘Copies of the EVM,’ Not True Scaling Solutions, Says Developer

Sun, 01 Sep 2024 12:22:38 +0000

According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling solution out there” because it enables constant data posting to the main chain “regardless […]