🫰 GM imToken fam!
In August, the crypto market saw a decline in sentiment due to regulatory pressures from the U.S. and Europe. BTC briefly dipped below $50,000, and ETH hit a low of $2,100. Despite the market downturn, imToken launched Babylon Bitcoin staking, introduced support for Bitcoin testnet accounts, and hosted several community events, including the Tokenlon 5th Anniversary celebration, Bedrock BTC pre-staking, and Bitlayer's Paris Olympics predictions.
Let’s recap these exciting moments!
🎉 imToken Highlights
imToken Supports Babylon Bitcoin Staking
The latest version of imToken supports Babylon BTC staking, allowing BTC holders to stake their tokens in a trustless, self-custody manner. Babylon, a protocol built on the Bitcoin network, enables users to enhance their BTC utility, secure PoS chains, and earn rewards in native tokens of PoS chains
imToken now supports Babylon BTC staking, further driving innovation within the Bitcoin ecosystem. You can add a Bitcoin account supporting Babylon staking in imToken and start using the Babylon staking DApp.
Click here for a detailed tutorial.
imToken 2.15.5 Supports Adding Bitcoin Testnet Accounts
In this update, imToken has optimized BTC wallet management, supporting Bitcoin Testnet and Signet accounts, the Bitcoin PSBT standard, and added swap access for 13 networks, including Linea and Scroll. Additionally, ENS reverse resolution feature was introduced, enhancing the security of transfers.
Community Events
Tokenlon 5th Anniversary
During the event, participants had the chance to win cash prizes and gift packs by engaging in activities like following, quizzes, trading, and sharing their trading hash. Users with the most "5s" in their transaction hashes could win prizes such as the iPhone 15 Pro, Apple Watch, and AirPods.
Bedrock BTC Pre-Staking
By participating in Bedrock BTC pre-staking via imToken, users could earn Babylon and Bedrock points and stand a chance to share in a 1,200 USDT prize pool.
Bitlayer Paris Olympics Prediction
By using imToken to perform cross-chain transfers of BTC or USDT, users could earn points or gems to join Bitlayer predictions and compete for a share of a 100-million-point pool, as well as the chance to win Bitlayer’s BTR tokens.
🔥 Hot Picks
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Ethereum Gas Prices Drop to its Lowest in Five Years
The drop in gas prices is likely due to users and DApps moving to faster, more cost-efficient blockchains. Historical data indicates that after significant drops in Ethereum gas prices, ETH often experiences a strong rebound, particularly during periods of interest rate cuts. -
Telegram CEO Pavel Durov Arrested in France
On August 25, Pavel Durov was arrested in France over allegations of failing to control criminal activities on Telegram, causing TON's price to drop by 14%. French authorities accused Durov of being responsible for illegal activities on the platform, including drug trafficking. -
Russia Plans to Use Cryptocurrency to Evade Sanctions
In response to Western sanctions, Russia plans to use cryptocurrency for international transactions to bypass the restrictions of traditional financial systems. This strategy could draw scrutiny from global regulators and potentially result in tighter crypto regulations and sanctions. -
Musk and Tesla Win Lawsuit Over Dogecoin Market Manipulation Allegations
A Manhattan judge dismissed a lawsuit accusing Musk and Tesla of manipulating Dogecoin prices through social media influence. The judge said the statements were "aspirational and puffery, not factual and susceptible to being falsified," adding that "no reasonable investor could rely upon them." -
Vitalik Buterin Denies Selling ETH for Profit
Vitalik emphasized that his sale of ETH was solely to support Web3 projects and charity, stating that the proceeds were used to fund valuable initiatives both within and outside the Ethereum ecosystem. Community members supported him, acknowledging his right to profit from the sale of ETH.
📚 imToken Content Learning
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How to Participate in Bitcoin Staking through Babylon
A step-by-step guide on how to get involved in Bitcoin staking. -
Unveiling the Manipulation and Scams in the Memecoin Market
Analysis of high-yield investment scams and tips to protect your digital tokens from these scams. -
High-yield investment scam analysis
Learn how to protect your digital tokens from the latest scams. -
Guide to Using the AllChain Bridge for Cross-Chain Transfers
AllChain Bridge now supports cross-chain transfers for 7 chains and over 500 tokens. -
Crypto Shame or Pride? Keep Your Head Down and Stay Patient
Join the discussion about the recent phenomenon of "crypto shame" in the cryptocurrency community.
💡 Partner Highlights Review
imKey’s 16th Friends Day Event
During the event, imKey's store offered loyal customers a 50% discount on imToken's 8th Anniversary gift boxes. Customers who shared photos of their purchases could also win cashback rewards.
Tokenlon 5th Anniversary Data Review
Launched on July 31, 2019, Tokenlon, a decentralized exchange, has safely operated for five years, facilitating 1,242,040 transactions for 262,195 users, with a total transaction volume of $33.9 billion, capturing nearly $60 million in fees.
Additionally, the Tokenlon team actively participated in community building, introducing 39 governance proposals and optimizing the trading experience with multi-chain support and a self-developed order-splitting algorithm. The latest V6 version now supports exchanges on BSC, Arbitrum, and Polygon networks. After the launch of the anti-sandwich attack feature, it has protected 36,135 users, with a trading volume reaching $6.1 billion.
Click here to learn more.
Tokenlon 5th Anniversary AMA
On August 13, Tokenlon Product Lead Randy, imToken Market Researcher Mako, and early community member @11dizhu looked back on Tokenlon's five-year milestones and answered questions from the community.
Replay the Tokenlon 5th Anniversary AMA here.
🚀 Wonderful First Look
In the next version, imToken will optimize token management and TRON wallet features to improve the user experience. In addition, welcome to join imToken X to follow our latest developments and update to the latest version in time.
Follow imToken’s Official Channels
Keep up with all the newest announcements, progress updates, and future roadmap by following along right here.
- Website:https://token.im
- Weibo:https://weibo.com/imToken
- Chinese X account:https://x.com/imTokenCN
- English X account:https://x.com/imTokenOfficial
- Discord:https://discord.com/invite/imToken