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Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. For advertising enquiries please contact advertise@cointelegraph.com

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🗞 Missed the news? Here's what's happened over the last 24 hours!

🌚 Investors flock to ETH products over BTC as markets recover: CoinShares

🧐 Grayscale ETH ETF stems bleeding as activity spikes on Ethereum

🇨🇦 The Canadian crypto exchange ezBtc and its founder, David Smillie, misappropriated around $9.5 million in customer funds for personal use and gambling, according to the British Columbia Securities Commission.

🇺🇸 Marathon Digital is stamping "Made in USA" on all Bitcoin blocks mined by its U.S.-based MARA Pool.

🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.

🕵️ Who’s behind the $154M Ethereum dumping spree?

💎 Binance has announced the launch of Toncoin (TON) on its Launchpool

⚡️ Bitcoin back to $61K.

📈 Analysts forecast $300 to $1,000 $SOL, but network data suggests that a rally to $190 is a more realistic expectation.

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Cointelegraph

⚡️ JUST IN: Bitcoin back to $61K.

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Cointelegraph

💎 Binance has announced the launch of Toncoin (TON) on its Launchpool, allowing users to stake BNB and FDUSD to farm TON tokens over a 20-day period starting August 15, 2024.

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Cointelegraph

🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.

He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season.

What’s your prediction for Solana’s price?

🌚 - $180
❤️ - $250
⚡️ - $350
🐳 - $500

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Cointelegraph

🇨🇦 NEW: The Canadian crypto exchange ezBtc and its founder, David Smillie, misappropriated around $9.5 million in customer funds for personal use and gambling, according to the British Columbia Securities Commission.

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Cointelegraph

Investors flock to ETH products over BTC as markets recover: CoinShares

Ethereum funds also lead Bitcoin ETPs on monthly performance with $150 million in inflows so far this month.

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Cointelegraph

🐋 A massive Ethereum whale, who received 1 million ETH during the initial coin offering, has been offloading $ETH worth millions over the past month.

The latest move involved depositing 5,000 ETH, worth $13.2 million, into OKX, bringing the total dumped to $154 million.

Crypto community members speculate on the whale’s identity, with some suggesting it could be an Ethereum co-founder. Despite concerns, the whale only has 16,000 ETH left to sell.

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💰 JUST IN: Marathon Digital Holdings, world’s largest Bitcoin miner announces $250M raise to buy more Bitcoin.

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🧐 Bitcoin's price recently dropped below $59K, influenced by a halt in stablecoin purchases by institutional investors.

The dip follows a period of recovery spurred by Tether's $1.3 billion stablecoin minting, which helped $BTC bounce back from a low of $49,500 to over $60,000

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Ether ETF weekly flow hits positive for the first time since launch

The newly launched nine spot Ether ETFs had a positive overall net inflow of $105 million for the week beginning Aug. 5.

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BitGo CEO argues WBTC security is unchanged amid concerns

BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some.

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Cointelegraph

OpenAI fears people will forms bonds with the AI it developed to fool humans

The warning shows that developers are aware that anthropomorphization is a legitimate concern in the AI industry.

https://ct.com/cxh9

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Morgan Stanley’s Bitcoin ETF push a ‘death wish,’ says former SEC official

Morgan Stanley, the largest wealth manager in the United States, could face intense compliance scrutiny after allowing its entire team of financial advisers to start pitching spot Bitcoin exchange-traded funds (ETFs), warns crypto skeptic John Reed Stark, a former US Securities and Exchange Commission official.


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Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff

Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees.


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SEC and Ideanomics settle crypto revenue reporting fraud charges

The United States Securities and Exchange Commission (SEC) has settled fraud charges with electric vehicle company Ideanomics over financial reporting and “misleading the public about the company’s performance.”

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📈 Analysts forecast $300 to $1,000 $SOL, but network data suggests that a rally to $190 is a more realistic expectation.

👉 Read more

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Cointelegraph

Bitcoin is now the 6th top monetary asset in the world.

⚡️ - BULLISH

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🕵️ Who’s behind the $154M Ethereum dumping spree?

In this episode of Rise’n’Crypto, we investigate the mystery surrounding a whale that received 1 million $ETH during the ICO and has been offloading it quickly.

With a recent $13.2M deposit to OKX and speculation flying about their identity, we’ll unpack what this means for the market.

Listen now! 🎧

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🇺🇸 Marathon Digital is stamping "Made in USA" on all Bitcoin blocks mined by its U.S.-based MARA Pool.

The move aligns with Marathon's commitment to keeping Bitcoin mining domestic while continuing to acquire and hold significant amounts of $BTC as a treasury reserve asset.

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Cointelegraph

Grayscale ETH ETF stems bleeding as activity spikes on Ethereum

The Grayscale Ethereum Trust has posted its first day of zero outflows since its conversion to a spot ETF amid a surge of network activity on Ethereum and its layer-2 networks.

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Cointelegraph

🗞 Missed the news? Here's what's happened over the last 24 hours!

🗣️ BitGo CEO argues WBTC security is unchanged amid concerns

📉 Ethereum median gas price hits 5-year low

🟢 Ether ETF weekly flow hits positive for the first time since launch

💸 Crypto startup funding grows to $2.7B in Q2 despite fall in total deals

🧐 Bitcoin's price recently dropped below $59K, influenced by a halt in stablecoin purchases by institutional investors.

🎙️ Rise’n’Crypto: Celsius vs. Tether

💰 Marathon Digital Holdings, world’s largest Bitcoin miner announces $250M raise to buy more Bitcoin.

🇺🇸 Donald Trump returns to X with a campaign video, ahead of his live conversation with Elon Musk later today.

🐋 A massive Ethereum whale, who received 1 million ETH during the initial coin offering, has been offloading $ETH worth millions over the past month.

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Cointelegraph

🇺🇸 JUST IN: Donald Trump returns to X with a campaign video, ahead of his live conversation with Elon Musk later today.

Do you think they’ll talk crypto?
👍 - YESSS
👎 - No

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Cointelegraph

🎙️ Rise’n’Crypto: Celsius vs. Tether

What happens when two crypto giants collide in a multibillion-dollar face-off?

Stick around as we unravel the drama, the implications, and what it could mean for the future of digital assets.

Listen now! 🎧

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Cointelegraph

Crypto startup funding grows to $2.7B in Q2 despite fall in total deals

Crypto infrastructure projects led the way in attracting venture capital with major infra projects raising a combined $685 million in new capital in Q2.

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Ethereum median gas price hits 5-year low

The median price to send an Ethereum transaction hit 1.9 gwei on the weekend, with low-priority transactions priced even lower.

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Half of the 10 most valuable companies on Earth are making metaverse hardware

The metaverse is dead, long live the metaverse.

https://ct.com/cxho

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Tornado Cash dev Alexey Pertsev seeks more funding for legal appeal

The case of Alexey Pertsev is more than just a legal battle; it is a pivotal moment for the crypto community and advocates of digital privacy.

https://ct.com/cxgf

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Cointelegraph

African Union greenlights AI adoption across member states

The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth that aligns with Nigeria’s digital transformation goals.

https://ct.com/cxg3

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Nigerian crypto community supports activist’s fight for rights

As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment.

https://ct.com/cxei

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Cointelegraph

VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist

Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.”

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