Subarna Basnet Co-founder & CEO at Bitmala

Big Money Returns to Crypto! $436 Million Invested Again

After losing money for a few weeks, people are putting their money back into crypto!

According to CoinShares, a total of $436 million was invested again in cryptocurrencies after a lot of money left before.

Why did this happen?

Some experts believe that people are hopeful the Federal Reserve (a big group that controls money in the U.S.) will lower interest rates soon.

This makes people more willing to invest in things like Bitcoin.

Here’s what happened with the different cryptos:

Bitcoin got the most money, with $436 million coming in! Before this, Bitcoin was losing money for 10 days straight.
Short-Bitcoin, which is a type of bet against Bitcoin, lost $8.5 million because people stopped betting it would go down.
Ethereum didn’t do so well, losing $19 million. This happened because some people worry about how Ethereum is doing after a recent update.
Solana did great! It had money coming in for four weeks in a row, with $3.8 million in new investments.

People are investing again, but the total trading in crypto is still lower than usual.

But everyone is watching closely to see what happens next…

KaspaFam Meetup SG: Celebrate KRC-20 Mainnet Launch with Prizes and Fun!

Get ready, Singapore!

The KaspaFam Meetup is landing on September 19, 2024, at the Barouv Rooftop Bar to celebrate the KRC-20 Mainnet launch.

Expect an evening packed with fun, networking, and major prizes!

What to Expect

Date: September 19, 2024
Time: 6:00 PM – 11:00 PM
Venue: Scarlet Hotel, 33 Erskine Rd, Singapore

Prize Pool

Online: 50,000 KAS + 3 KS5 Miners
Onsite: 5,500 KAS + 1 KS5 Miner + 2 KS0 Miners

Enjoy a live DJ, free-flow cocktails, and Kasplex mini-games with awesome rewards.

Whether you’re a Kaspa pro or new to the scene, this event is your chance to celebrate and win big!

Limited spots available—Register now and join the party!

Indonesian Crypto Exchange Indodax Hacked, $20 Million Stolen

Indodax, one of Indonesia’s largest cryptocurrency exchanges, was hacked, resulting in a loss of $20 million in assets. The hacker quickly converted the stolen funds into various cryptocurrencies.

Currently, the hacker holds 5,584 ETH ($13 million), 6.84 million POL ($2.56 million), 16.7 million TRX ($2.55 million), and 25 BTC ($1.41 million). These assets are spread across Ethereum, Optimism, Polygon, Tron, and Bitcoin networks.

The incident raises concerns about the security of cryptocurrency exchanges. Indodax has yet to release an official statement regarding the breach or recovery efforts.

This hack serves as a reminder for crypto users to ensure their assets are secured with strong measures like two-factor authentication and cold storage.

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What If DOGS Could Reach DOGE’s Market Cap?

Currently, $DOGS is priced at $0.0009522 with a market cap of $492,025,270. If DOGS were to reach DOGE’s market cap of $13,840,681,061, its price could rise significantly.

Here’s a breakdown:

Metric	DOGS	DOGE
Price	$0.0009522	$0.09488
Market Cap	$492,025,270	$13,840,681,061
24-hour Volume	$402,958,897	$372,556,095
Circulating Supply	516,750,000,000 DOGS	145,873,466,384 DOGE
Total Supply	550,000,000,000 DOGS	145,873,466,384 DOGE
Maximum Supply	550,000,000,000 DOGS	Unlimited
Fully Diluted Market Cap	$523,663,249	$13,839,877,082

Price Calculation: $DOGS VS $DOGE

If DOGS were to achieve the same market cap as DOGE, its price would be approximately $0.0268. Here’s how this is calculated:

This projection shows that DOGS could potentially increase in value if it matched DOGE’s market cap, highlighting the substantial growth potential.