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Base, Coinbase's layer-2 network, hit 4 million active addresses last week, spurred by its "Onchain Summer" campaign.
The initiative, running from June to August 2024, has allocated $2 million in $ETH to reward developers building on the blockchain.
⚡️JUST IN: Another $1B $USDT minted on TRON DAO by Tether, adding to the $33B total minted in the last year.
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🐋 An unknown crypto whale has accumulated over $118 million worth of Wrapped Bitcoin ($WBTC) amid controversy surrounding the token's ownership structure.
On Aug. 9, BitGo — the team behind Wrapped Bitcoin — announced plans to transfer control over WBTC to a joint venture consisting of itself, Hong Kong-based investment manager BiT Global, and Sun’s Tron ecosystem.
Debate shifts negative as Solana memecoin trading volume dips
A Messari data engineer has called it the “most extractive crypto phenomenon” since the ICO boom, but the jury's still out on that one.
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👀JUST IN: $ADA has fallen out of the top 10 cryptocurrencies on CoinMarketCap, with $TRX taking its place.
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💎 Toncoin has surged nearly 9% in the last 24 hours, driven by a breakout from a bump-and-run reversal (BARR) pattern and an inverse head-and-shoulders formation, suggesting a potential 40% price rally by September.
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🚨 Analyst Zachxbt reported a suspicious transfer of 4,064 $BTC ($238M).
The funds were moved to ThorChain, eXch, Kucoin, ChangeNow, Railgun, and Avalanche Bridge.
🇦🇪 RAKBANK, a government-owned bank in the UAE, has partnered with Bitpanda to create a digital asset management platform for residents, though it still awaits approval from the Central Bank.
This move aligns with the UAE's growing embrace of crypto, following recent advancements like the launch of RAK Digital Assets Oasis and a Dubai court's recognition of crypto for salary payments.
Goldman Sachs lowers US recession risk to 20%, what it means for Bitcoin
Goldman Sach’s economists said the Federal Reserve could also cut rates next month, and analysts say this could be welcomed by Bitcoin traders.
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75% of all Bitcoin has been hodled for over 6 months
Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.
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What does Bitcoin smell like? AI startup wants to ‘teleport’ digital scents
The technology could also help detect diseases such as cancer.
https://ct.com/cylu
Crypto analyst doubts Bitcoin dominance is ‘going back up’ to 70% again
Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024.
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Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
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Advisor holdings in Bitcoin ETFs rise, hedge fund stakes dip — Coinbase
Investment advisors are expanding their spot Bitcoin ETF holdings, but Coinbase warns that "large inflows" might not be seen immediately due to the slow summer period in the United States.
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🗞 Catch up on the news over the last 24 hours!
🔋 IMF execs consider 85% hike in crypto mining power costs.
💸 Bitcoin open interest described as 'unusual' by CoinGlass.
📈 World's third-largest pension fund acquires $34M in MicroStrategy shares.
📉 Bitcoin's $58K price sees diminished institutional interest.
💰 Donald Trump earned $7M from NFTs, disclosure reveals.
🤔 Bitcoin's price behavior, institutional buying trends, and EigenLayer's growth discussed.
🔐 Dormant Bitcoin wallet reactivates after 10.6 years, valued at $10.17M.
🎙️ Ever heard of a church going crypto?
Tune in to Rise’n’Crypto for a quick dive into this week’s craziest stories! 🚀
Malicious ‘bull checker’ chrome extension found targeting Solana users
Decentralized exchange aggregator Jupiter has alerted users of a malicious browser extension that apparently managed to sneak through Solana’s drainer checks.
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🗞 Catch up on the news over the last 24 hours!
👃 AI startup explores digital scents for Bitcoin
⚖️ Google sued over $5M scam app
💰 75% of Bitcoin held for over 6 months
🚨 Man allegedly kidnaps two BitConnect employees over losses
📉 Goldman Sachs cuts US recession risk to 20%, impact on Bitcoin?
🔍 5 Bitcoin updates this week
🇦🇪 UAE’s RAKBANK partners with Bitpanda for digital assets
🪙 Tether expands $USDT to Aptos blockchain
🚨 ZachXBT flags suspicious $238M Bitcoin transfer
🤖 Should AI have crypto wallets?
🏛 11 key moments in Ethereum's rise to No. 2 blockchain
🔄 $ADA drops from top 10, replaced by $TRX on CoinMarketCap
11 critical moments in Ethereum’s history that made it the No.2 blockchain
Nine years after Ethereum launched, we look back on the critical turning points that has seen ETH become the second most popular cryptocurrency.
What’s your favorite blockchain?
⚡️ - Ethereum
🐳 - Bitcoin
🔥 - Solana
❤️ - Cardano
👍 - Avalanche
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🎙️ Want the latest crypto scoop?
Tune into Rise’n’Crypto and get the must-know updates in just 10 minutes, featuring Bitcoin’s outlook and a shocking crypto scandal. 🌚
⚡️ JUST IN: Tether has expanded its $USDT stablecoin to the Aptos blockchain, focusing on reducing transaction fees.
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5 Things to know in Bitcoin this week:
📉 Bitcoin's price is facing pressure, with predictions indicating a potential drop to $50,000 as traders prepare for lower support levels.
🇺🇸 All eyes are on the U.S. Federal Reserve's Jackson Hole symposium this week, where markets await cues on interest rate cuts.
⚡️ Bitcoin miners have paused their sales, with reserves stabilizing despite recent price drops.
📊 Bitcoin's market dominance is slipping, suggesting a possible altcoin rally as dominance retreats from recent highs.
😟 Sentiment remains bearish, with Bitcoin trading below its 200-day moving average, signaling caution among traders.
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Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two
Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto.
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Weekend Wrap: Google sued over $5M scam app, Malaysia nabs illegal miners and more
Google allegedly dragged its feet when taking down a crypto scam app, allowing the app to do over $5 million in damage, according to a proposed lawsuit.
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Colorado Church group tokenizes $2.5M chapel
This may be the first tokenized church in the world.
https://ct.com/cyl3
In the latest Joe Rogan podcast, billionaire Peter Thiel says #Bitcoin is a big invention that is systematically underestimated for the first 10 to 11 years and the society didn’t know how to process it immediately.
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Recent data shows continued investor interest in US-based spot Bitcoin exchange-traded funds (ETFs), even after outflows earlier in August.
According to data from SoSoValue, total weekly net inflow for spot Bitcoin ETFs reached $32.58M on Aug 16, reversing previous outflows. Grayscale Bitcoin Trust (GBTC) saw $72.9M outflow, but other ETFs had inflows.
Franklin Templeton files S-1 for new crypto index ETF
Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.
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Primary Markets are broken, and CT.com is going to fix them
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