Crypto Roundup: Polymarket-Perplexity Alliance, Bithumb Banking Integration, Metaplanet's Bitcoin Boost, Canto Network Downtime

The crypto world is buzzing with updates! Polymarket is teaming up with AI search engine Perplexity to enhance user experience. On the other hand, South Korean crypto exchange Bithumb is making it easier for users to open bank accounts directly within its app. In investment news, Metaplanet, a Japanese firm, has increased its Bitcoin holdings significantly. However, there's a slight setback as the Canto blockchain faced an outage due to a consensus issue.

Follow the lead of our Canary to discover unseen treasures!

Alpha Offerings

Seize your daily airdrop rewards, guided by our Canary's discovery!

1. InfinityAI Testnet

   Potential: $300 - $700

   Here is a step-by-step process:

   • Go HERE

   • Connect With UNISAT Wallet

   • Switch to Fractal Bitcoin (Beta)

   • Claim Daily Points

   • Connect your X and Discord and Complete Social Tasks

   • Claim Faucet HERE

   • Click “Create”

   • Fill in the generated information

   • Click Create NEW

   • Generate your AI NFT

   • Click ‘Make it Ordinals’

   • Select gas fee and enter your address

   • Check your Transfer txid

   • Check your NFT on Unisat Wallet

2. Tapos Game Earn Points

   Potential: $600 - $1800

   Here is a step-by-step process:

   • Play the Game

   • Visit Tapos Shop

   • Check your Rank

   • Invite your friends

   • Complete the Cat Mission

   • Complete the Social Tasks

     • Go HERE

     • Access Code: BxUJDLn2AG [500 Points]

     • Connect your X/Discord

     • Complete Social Task

     • Click Wallet

     • Save your secret key

     • Copy APT Deposit Some APT

     • Click Tapos

     • Turn on Super Cat Auto Click

     • Play Game [Earn Points]

Meme of the Day

Market Movements - 13 Aug 2024

The downward trend in the crypto market continued on Tuesday. Bitcoin dipped by -1.10% to $58,933.47, while Ethereum declined by -1.23% to $2,641.31. BNB was slightly down by -0.33% to $515.16, and Solana also dipped by -2.19% to $145.71.

Among altcoins, Tron increased marginally by +0.01% to $0.127, while Toncoin was down by -4.02% to $6.34. Cardano decreased by -1.68% to $0.334, and Avalanche was in red by -3.18% to $20.84.

Movers and Shakers

In the last 24 hours, the top gainers included SATS (+6.06%), Akash Network (+5.59%), and ORDI (+4.69%). The top losers included dogwifhat (-8.15%), Sui (-7.68%), and Aptos (-7.12%).

Project Updates

1. Manta Pacific, a layer-2 blockchain, unveils a novel "MultiDA" framework. This framework incorporates data availability solutions from several providers, aiming to enhance network uptime, security, and user experience.

   Read more here

2. Optimism, a Layer 2 blockchain for Ethereum, is building a system to allow seamless transfer of assets and communication between different Layer 2 chains within its ecosystem.

   Read more here

3. American Bitcoin miner, Marathon Digital, is taking a patriotic stance by stamping "Made in USA" on every Bitcoin block mined in their facilities.

   Read more here

4. Bitget dethroned MetaMask as the most downloaded crypto wallet in July. It surpassed 30 million users and saw over 1.6 million downloads, edging out MetaMask's 1.5 million.

   Read more here

5. Symbiotic, a new restaking protocol, has launched its development network (devnet) on Ethereum's Holesky testnet.

   Read more here

Hall of Fame, Hall of Shame

Canadian Exchange Misused Funds

Canadian crypto exchange ezBTC defrauded users by gambling away $9.5M in Bitcoin and Ethereum, according to a provincial regulator.

Read more here

SEC Accuses NovaTech of $650M Fraud

The SEC accused NovaTech, a crypto firm, of running a $650M fraudulent scheme. They misled investors about safety of funds and used new investments to repay earlier ones.

Read more here

What moved in the Crypto World Today

Polymarket Partners with Perplexity

Prediction market leader Polymarket and AI-powered search engine Perplexity have announced a strategic partnership focused on information sharing. Perplexity users will now have access to Polymarket's event odds directly within their search results, while Polymarket users will benefit from Perplexity's news summaries.

Read more here

Bithumb Adds Bank Account Opening

South Korea's Bithumb exchange has simplified the account opening process for crypto trading. Users can now open bank accounts directly within the Bithumb app, eliminating the need for separate bank procedures. This move aligns with South Korean regulations requiring real-name verified accounts for fiat trading.

Read more here

Metaplanet Boosts Bitcoin Holdings

Leveraging a recent $6.8M loan, Japanese investment firm Metaplanet has strategically increased its Bitcoin holdings by acquiring nearly 60 BTC. This acquisition brings their total Bitcoin reserves to approximately 303 BTC.

Read more here

Canto Blockchain Suffers Outage

The Canto blockchain, a layer-1 protocol designed for decentralized finance applications, has encountered a technical roadblock. A "consensus issue" emerged two days ago, has prevented the network from generating new blocks. The team is working to resolve this issue.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Liquidity protocol for staked and restaked assets, Ion Protocol raised $4.80M in a funding round led by gumi Cryptos Capital (gCC).

   Read more here

Whale Movements

1. Fresh wallet bc1qr withdrew 1,500 BTC ($89.1M) from Bitfinex. Txn details here

2. BlockTower Capital transferred 9,232 ETH ($24.8M) to an exchange, trading firms, and a market maker:

   • 3,538 ETH ($9.52M) to FalconX;

   • 2,964 ETH ($7.96M) to B2C2 Group;

   • 2,090 ETH ($5.61M) to Wintermute Trading;

   • 639.3 ETH ($1.72M) to Cumberland DWR.

   Mode details here

3. Whale 0x940 further borrowed 5M DAI and swapped them for 1,878 ETH. More details here

Today’s Token Unlocks

Worldcoin (WLD) - $8.33M
Sweat Economy (SWEAT) - $3.41M
Games For A Living (GFAL) - $1.08M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@jvb_xyz thoughts on Jump supposedly leaving crypto:

@a16zcrypto shares their token launch playbook:

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