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🩸 JUST IN: MicroStrategy $MSTR and Coinbase $COIN down 25.07% and 17.82% pre-market.
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📉 Bitcoin's price has plummeted nearly $20,000 in just a week, hitting its lowest point since February. Ethereum has also dropped 40%.
🇯🇵 The Nikkei 225 in Japan is experiencing its worst drop ever, adding to the global market chaos.
🍏 Berkshire Hathaway sold nearly half its Apple stake, adding to stock market jitters.
🇺🇸 The U.S. Federal Reserve might cut interest rates more aggressively than expected to stabilize the economy.
🩸 BTC is struggling below $50,000, with many short-term holders facing heavy losses.
🚨 JUST IN: Users are claiming that Robinhood has suspended 24-hour trading.
Have you checked? Can you still trade there now? Let us know!
$300B plunge: Largest 3-day wipeout for crypto in a year
The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market.
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Prosecutor demands jail for Crypto.com user who received $6.8M by mistake
Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error.
👉 Read more
Ether’s price clings 'crucial area,' drop below $2.8K looming
Cryptocurrency traders argue that Ether’s next move is crucial not just for Ether itself, but for Bitcoin as well.
👉 Read more
Crypto community slams WazirX’s 'socialized losses' plan after hack
As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.
https://ct.com/cvvc
Sen Lummis bill gains swift support with 2,200 letters sent
A proposed decentralized network of secure Bitcoin vaults with robust cybersecurity measures aims to minimize digital asset storage risks like theft and hacking.
https://ct.com/cvui
Dogwifhat open interest declines 28% amid fears of a $1.50 'likely retest'
Crypto traders claim that Dogwifhat will "likely retest" the critical support level as its price and open interest have both plummeted since July 27.
👉 Read more
🚨 Global recession concerns wipe out $2.9 trillion from stocks, marking the worst day since the 2020 COVID crash.
Meanwhile, the Nasdaq 100 is down over 10% from its peak. 📉
Vitalik has a girlfriend now... $ETH to $10k?
🔥 - YESSSSS!
🔍 What would you do if you turned $8,500 into $800,000 in just one hour?
That’s exactly what happened with a Solana memecoin trade that has everyone talking.
Join us on this week’s Rise’n’Crypto as we dive into this jaw-dropping trade flagged by Lookonchain.
Listen now!
📉 Ethereum is facing bearish signals, with its price dipping below the key 200-day moving average.
Despite a $26.7 million inflow on Aug. 1, from spot Ethereum ETFs, ETH has declined 10% since their approval.
Ethereum ETF flows flip positive even as ETHE total outflows top $2B
Ether ETFs posted a net inflow of $26.7 million on Aug. 1, with inflows into BlackRock’s fund outpacing outflows from Grayscale’s Ethereum Trust.
👉 Read More
📉 Biggest Losers of the Day:
🔻 Crypto:
Bitcoin: -15.91%
Ethereum: -21.55%
BNB: -17.84%
Solana: -19.16%
🔻 Memecoins:
Jasmy: -30.60%
BRETT: -29.81%
Dogwifhat: -29.51%
Lido: -29.17%
🔻 Stocks:
INTC: -26.97%
TEAM: -17.76%
SNBR: -17.39%
🌏 Global Markets:
Nikkei 225: -12.40%
Taiwan Stock Exchange: -8.40%
Update: Robinhood states their overnight trading session is fully operational.
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🩸 Update: The start of the $BTC price decline resulted in $600 million in leverage-long positions taken by traders being wiped out.
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Jump Crypto unstakes $315M of ETH, now headed to exchanges
Jump still holds at least $125 million of staked-Ether, blockchain data from Arkham shows.
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Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
https://ct.com/cvzo
Amber Group calls for transparency after ZKX shutdown
The ZKX team’s shutdown serves as a reminder of the critical role that transparency and accountability play in the success and stability of cryptocurrency projects.
https://ct.com/cvz3
Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing
The two companies face antitrust probes in the US and EU over their partnership.
https://ct.com/cvyc
Crypto leaders, Harris campaign officials set for roundtable
The upcoming roundtable hosted by Ro Khanna represents a crucial opportunity for the cryptocurrency industry to influence the policy direction of the next administration.
https://ct.com/cvur
The volume of Bitcoin moved by whales from exchanges has reached a 9-year high, with 84,000 BTC added by these large holders in July alone, despite ongoing market volatility based on the data from Glassnode.
This represents the fastest pace of Bitcoin movement from exchanges since 2015, drawing parallels to a period when BTC price bottomed around $220.
Is this a bullish signal for Bitcoin? 🧐
🔥 - Super bullish!
👎 - Not bullish
🗞 Missed the news? Here's what's happened over the last 24 hours!
💰 MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B
🥷 DeFi protocol removed an important line of code that led to a $212K hack
📈 Ethereum ETF flows flip positive even as ETHE total outflows top $2B
❌ 98.6% of memecoins on pumpdotfun fail to even launch.
📉 Ethereum is facing bearish signals, with its price dipping below the key 200-day moving average.
🚨 The FBI has issued a warning about scammers impersonating crypto exchange employees to steal funds.
🔍 What would you do if you turned $8,500 into $800,000 in just one hour?
🎙️ Decentralized: Unpacking the Crypto Rollercoaster with Andrew Chow
🌚 Bitcoin is entering a historically challenging period in Q3, with August and September often seeing weaker performance.
🚨 Global recession concerns wipe out $2.9 trillion from stocks, marking the worst day since the 2020 COVID crash.
Bitcoin is entering a historically challenging period in Q3, with August and September often seeing weaker performance.
The recent 6% drop in Japan’s Nikkei, mirroring “Black Monday” 1987, adds to global market concerns.
Will $BTC stay strong or take a hit?
👍 - Stay Strong!
👎 - Take a Hit!
🎙️ Decentralized: Unpacking the Crypto Rollercoaster with Andrew Chow
Join us as we dive into the highs and lows of the industry with TIME magazine journalist Andrew Chow, author of Cryptomania.
Discover the origins of crypto, the hype cycles, and the dramatic collapse of FTX.
🎧 Listen now on Spotify, Apple Podcasts, or Cointelegraph’s podcast page!
🚨 The FBI has issued a warning about scammers impersonating crypto exchange employees to steal funds.
These fraudsters are contacting users, claiming urgent account issues to trick them into revealing personal information or clicking malicious links.
❌ 98.6% of memecoins on pumpdotfun fail to even launch.
Since May, the percentage of pumpdotfun memecoins making it onto Solana-based DEX Raydium has stayed between 1.21% and 1.41%, according to Dune Analytics data.
Are you still investing in memecoins?
❤️ - Yes
⚡️ - No
DeFi protocol removed an important line of code that led to a $212K hack
The attack occurred around 3 am UTC on Aug. 1, leading Convergence’s native token CVG to plummet over 99%.
👉 Read More
