Bitcoin Rises Above $114,000, Ethereum Breaks Through $3,600
MarsBit News, on August 6, according to market data, Bitcoin rose above $114,000 this morning, with a 24-hour decline narrowing to 0.78%; Ethereum broke through $3,600, with a 24-hour decline narrowing to 2.89%.
CZ Requests Dismissal of $1.76 Billion Claim by FTX Trust
MarsBit News, according to Bloomberg, CZ requested the Delaware bankruptcy court to dismiss the $1.76 billion recovery claim lawsuit filed by the FTX Trust. The trust claims these funds were improperly transferred to Binance by SBF (Sam Bankman-Fried).
CZ stated in a motion filed on Monday that he is a resident of the UAE and the trust cannot prove he is within Delaware's jurisdiction. He emphasized that the claims have minimal connection to the US and the relevant regulations have no extraterritorial applicability.
Previously, the trust and FTX Digital Markets sued Binance and several executives over a share repurchase agreement with SBF in July 2021. In July this year, two former Binance executives have applied to be removed from the lawsuit. CZ claimed he was only a "nominal counterparty" and accused the FTX side of blaming Binance for bankruptcy "unreasonably".
He also pointed out that serving US lawyers to foreign defendants is improper and would invalidate the lawsuit. CZ also stated that US bankruptcy law does not clearly apply to overseas fund transfers.
Lending Protocol Jupiter Lend to Be Rolled Out in Phases, Private Testing to Begin Soon
MarsBit News, according to Jupiter's announcement, the lending protocol Jupiter Lend will be rolled out in phases, first starting a private beta version for those on the waiting list today. The official public version in late August will offer up to 95% loan-to-value (LTV), near-zero liquidation penalties, multiple vaults, and attractive annual percentage yields (APY).
Whale Increases Ethereum Short Position to 70,000 ETH, Liquidation Price at $3,686
MarsBit News, according to @EmberCN monitoring, [ETH 75% win rate whale] continues to persistently short ETH: still adding to the short ETH position at 6 am, currently holding a massive 70,000 ETH short position (approximately $252 million). Position details: 15x leverage shorting 70,000 ETH, valued at $252 million, entry price $3,618, liquidation price $3,686, with over $1.33 million in floating profits.
"Insider Trader" Stops Loss on Ethereum Short, Bitcoin Short Liquidation Price at $114,491
MarsBit News, according to EmberCN monitoring, "Insider Trader" @qwatio stopped loss and closed the ETH short position an hour ago to protect the BTC short position from liquidation. Currently, he only holds a $115 million BTC short position, with a liquidation price at $114,491, just $400 away from the current BTC price.
Coinbase Adds DYDX to Asset Listing Roadmap
MarsBit News, on August 6, Coinbase announced the addition of DYDX to its asset listing roadmap.
Trump: Vance Most Likely Presidential Candidate
MarsBit News, US President Trump stated on Tuesday that current Vice President Vance is "most likely" to be the heir to his "Make America Great Again" (MAGA) movement.
Secretary of State Rubio earlier told Fox News that Vance would be an excellent nominee if he decides to run, to which Trump responded: "I think he (Vance) is the most likely."
He added: "We also have some very talented people, some sitting right here on this stage. So it's too early to talk about this now, but what's certain is that Vance is doing very well, and he might be the most favored candidate right now." Earlier that day, Trump told CNBC that he "probably won't" seek a third presidential term.
Tether CEO: 40% of Blockchain Fees Consumed by USDT Transfers
MarsBit News, on August 6, Tether CEO Paolo Ardoino disclosed that "40% of blockchain fees are used for USDT transfers. This covers 9 chains: Ethereum, TRON, TON, Solana, BSC, Avalanche, Arbitrum, Polygon, and Optimism. In emerging markets, hundreds of millions of people use Tether's digital dollars USDT daily to protect their families from local currency depreciation and inflation. Blockchains that focus on reducing gas fees and support paying fees with USDT will dominate the world."
Coinbase to List Succinct (PROVE)
MarsBit News, on August 6, Coinbase will add support for Succinct (PROVE) (ERC-20 token) on the Ethereum network. Trading will begin later today if liquidity conditions are met. Once the asset's supply is sufficient, PROVE-USD trading pair will be launched in phases.
