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💰 Nasdaq-listed Semler Scientific boosts Bitcoin holdings above 1000 BTC to become top 20 holder
Nasdaq-listed medical technology firm Semler Scientific has expanded its Bitcoin holdings by purchasing an additional 83 BTC for $5.0 million, according to an Aug. 26 statement. The company’s chairman, Eric Semler, explained that the acquisition was primarily funded through cash generated from the firm’s operations and supplemented by funds from its at-the-market equity program.
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💰 Bitcoin’s Last Difficulty Drop Likely to Be Erased in 3 Days
Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% or more.
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💰 Bitcoin accumulation addresses see steady rise
Bitcoin’s accumulation addresses have experienced a notable decline in 2024. Historically, these addresses steadily increased, reflecting long-term holder confidence as Bitcoin’s price appreciated over the past decade. By 2022, accumulation addresses almost surpassed 800,000, growing further in 2023 to a peak of around 846,000 at the start of 2024.
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📊 Crypto investment products saw $528 million in net weekly outflows amid recession fears: CoinShares
Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered net outflows for the first time in a month last week, totaling $528 million, according to CoinShares' latest report. The outflows were “a reaction to fears of a recession in the US, geopolitical concerns and consequent broader market liquidations across most asset classes,” CoinShares Head of Research James Butterfill said. “The price correction from Friday’s close saw $10 billion wiped off total ETP AUM.”
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🪙 US-traded spot Ethereum ETFs amass $2 billion in inflows
Spot Ethereum (ETH) exchange-traded funds (ETFs) inflows surpassed $2 billion in nearly four weeks, when excluding Grayscale’s ETHE outflows of nearly $2.5 billion, based on Farside Investors’ data. ETF Store CEO Nate Geraci highlighted that if this cumulative value is considered under one ETF, it would equate to the fourth-largest ETF launch to date.
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🪙 Grayscale outflows overshadow Ethereum ETF inflows
Despite initial enthusiasm, spot Ethereum ETFs haven't quite met market expectations, with significant outflows overshadowing positive inflows. The on-chain holdings of Ethereum ETFs are substantial, yet they've faced a net outflow of 136,700 ETH since their launch, a drag largely due to Grayscale's ETHE. Ethereum's price has reacted predictably, dropping sharply post-launch before finding some stability.
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🟠 Binance blocks $2.4 billion in potential crypto scams in 2024
Binance, the largest crypto exchange by trading volume, announced that it had prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024, according to an Aug. 20 statement shared with CryptoSlate. Binance revealed that over $1.1 billion, or about 45%, of the $2.4 billion in averted losses involved withdrawals linked to suspected crypto scams. The exchange reported that these efforts protected more than 1.2 million users on its platform.
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💰 Malaysian authorities arrest seven individuals for power theft linked to bitcoin mining: report
Malaysian authorities have arrested seven individuals for allegedly conducting bitcoin mining operations involving electricity theft, according to local media reports. Bernama, the country’s national news agency, reported on Saturday that three local residents and four foreign nationals were arrested and detained separately last week on suspicion of stealing electricity to power their bitcoin mining operations.
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🗣️ 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
🤝 @Cryptocurrency_Inside ✅
💰 Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the US
Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, US Senator Cynthia Lummis (R-WY) officially introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate on July 31.
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💰 Over 35k BTC added to exchange balances in 2 weeks
Between July 15 and July 28, the total amount of BTC held on exchange addresses increased significantly, with over 35,000 new BTC added to exchange balances. Data from Glassnode showed exchange balances starting at 3,000,466 BTC in July and peaking at 3,046,600 BTC on July 17 before settling at 3,035,711 on July 28. This represents a significant increase, especially given the general trend of decreasing exchange balances in the past year.
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🪙 Ethereum Team Lead Péter Szilágyi says he feels 'Ethereum is losing the plot'
Ethereum Team Lead Péter Szilágyi expressed concerns about the direction of the blockchain network Ethereum. Szilágyi's view involved the Ethereum PeerDAS proposal, which would, among other changes, increase the size of Ethereum blobs to 32 MB. Szilágyi argues that the PeerDAS upgrade would hinder home stakers, typically those with simpler computing setups, from participating in the Ethereum network — which goes against the decentralized ethos of the blockchain.
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💰 MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC
Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block.
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💰 BlackRock continues to eat spot Bitcoin ETF volume share
The iShares Bitcoin Trust (ticker IBIT) has roared to a new all-time high, capturing an impressive 67% of the spot Bitcoin ETF volume market share. This surge surpasses its previous record of 61%, further cementing BlackRock's dominance in the crypto ETF space. Despite this record-breaking market share, IBIT's daily trading volume stood at $1.2 billion, which is only average for the fund. This suggests that while IBIT outperforms its competitors, overall market activity remains steady.
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🪙 Ethereum trading volume and transaction count decline in August
Trading volume and daily network transactions on Ethereum have declined throughout August. The Block's Data Dashboard indicates that the seven-day moving average of daily trading volume on the Ethereum network has declined by around 55% over the past month. The seven-day moving average of daily economic throughput on the Ethereum blockchain in U.S. dollar terms fell from $6.56 billion on July 26 to $2.9 billion today.
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🇺🇸 Hex Founder Richard Heart’s Bid to Dismiss SEC Fraud Lawsuit Fails
The US Securities and Exchange Commission has contested Hex founder Richard Heart’s attempt to dismiss its $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. In its opposition brief, filed in a New York federal court on August 22 but dated July 8, the SEC contended that Heart’s motion to dismiss fails to address the well-supported allegations in the complaint and ignores relevant legal standards.
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🇺🇸 SEC pushes back against Richard Heart’s bid to dismiss $1 billion fraud case
The SEC aggressively opposed Richard Heart’s attempt to dismiss a $1 billion fraud case, arguing that his widespread promotion of unregistered digital assets like HEX, PulseChain, and PulseX directly targeted US investors. According to the SEC, Heart, also known as Richard Schueler, allegedly raised over $1 billion from investors worldwide by selling unregistered securities and then misappropriated millions for personal luxuries, including cars and what he called the world’s largest black diamond.
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🔴 Grayscale unveils investment trust for Avalanche’s AVAX token
Grayscale Investments has expanded its portfolio of crypto investment products and launched the Grayscale Avalanche Trust. This new investment vehicle aims to offer accredited investors exposure to AVAX, the native token of Avalanche's blockchain network. The trust, now open for daily subscriptions, operates similarly to Grayscale’s existing single-asset investment products, focusing exclusively on AVAX, the firm said in a press release shared with The Block.
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🚨 Hackers compromise McDonald’s Instagram account to conduct $700k rug pull
Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised. The token — called GRIMACE — hit a $25 million market capitalization within two hours of its launch before it was rugged and lost more than 95% of its value. The scammers, who identified themselves as “India_X_Kr3w,” claim to have snagged roughly $700,000 from investors who believed the memecoin was an official McDonald’s’ token.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 VanEck’s Solana ETF Plans Remain Active Despite Cboe’s Filing Removal
Asset manager VanEck remains committed to launching a Solana exchange-traded fund (ETF) despite recent developments that have sparked speculation about the project’s future. He acknowledged that the 19b-4 for the VanEck Solana ETF has been taken off the CBOE website but confirmed that the S-1 prospectus for the product is still active. This indicates that the company is continuing with its plans, and the ETF remains in play.
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💰 SEC talks with ETF issuers over concerns of Solana being a security preceded Cboe removing 19b-4s: Source
The U.S. Securities and Exchange Commission had talks with prospective Solana ETF issuers about its concerns over Solana's potential status as a security ahead of the Cboe BZX removing related 19b-4 filings, according to a source familiar with the situation. Following the discussions, the SEC and the Cboe agreed not to file the 19b-4 forms to the Federal Register, they said, which would have started the clock on the approval process. Doing so would have placed pressure on the SEC to make decisions relating to the prospective Solana ETFs.
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💰 PayPal founder and billionaire Peter Thiel says #Bitcoin is so big that society didn't even know how to process it
🤝 @Cryptocurrency_Inside ✅
🐶 After famous Notcoin, Telegram organized new airdrop among users: #DOGS!
Your airdrop depends on
⚫ Account age
⚫ Telegram premium sub
⚫ OG status
Check and claim your #DOGS here
You can sell your tokens on Bitget premarket, price is around $0.01!
And it will be listed on OKX on the 20.th this month.
💰 Trump’s $499 Bitcoin-themed sneakers sell out swiftly, resell prices spike to $2500
Former US president Donald Trump’s Bitcoin-themed sneakers have already sold out, according to the Trump Sneakers website. Launched on July 31, the 1,000 pairs of the bright orange version of the Bitcoin-themed sneakers were priced at $499 per pair for pre-order and, within a few hours of their release, were all sold out. The site also offers several other sneaker models, including black high-tops, priced at $299, and orange low-tops, also at $299.
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🪙 Ethereum turns 9 with a $400B market cap and 2.45B transactions
The network, launched on July 30, 2015, was co-founded by several prominent crypto stakeholders, including Vitalik Buterin, Polkadot’s founder Gavin Wood, Consensys CEO Joseph Lubin, and Cardano’s founder Charles Hoskinson. Since then, it has become the second-largest blockchain with a huge ecosystem that has birthed many copy-cats. According to Etherscan, the network has processed 2.45 billion transactions in 20.4 million blocks during its nine-year history.
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💰 Riot Platforms Acquires Block Mining for $92.5M, Expands Hash Rate and Market Reach
The leading American Bitcoin mining company – Riot Platforms – has acquired the Kentucky-based firm Block Mining in a transaction valued at $92.5 million. The deal, announced on July 24, includes $18.5 million in cash from Riot’s reserves and $74 million in Riot common stock. Additionally, Block Mining could receive up to $32.5 million more, based on performance metrics through 2025.
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🇺🇸 Senator Elizabeth Warren claims foreign ‘cryptomines’ being used to spy on the US
US lawmaker Senator Elizabeth Warren has continued her anti-crypto evangelism despite her thinning support base. On July 25, she opined that foreign-owned crypto-mining operations pose a national security threat during a hearing of the Senate Committee on Banking, Housing, and Urban Affairs. The anti-crypto lawmaker further highlighted the environmental threat of these mining facilities, pointing out that their activities could pose “a disaster for the environment.”.
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💰 VanEck predicts Bitcoin could hit $2.9 million by 2050 in ‘base case scenario’
VanEck outlined an ambitious scenario in which Bitcoin (BTC) could reach a staggering $2.9 million per coin by 2050 under a “base case scenario” in its latest research report. According to the report — authored by the firm’s head of digital assets, Matthew Sigel, and senior investment analyst Patrick Bush — the projected valuation hinges on Bitcoin’s adoption as a global medium of exchange and a reserve asset, which could potentially revolutionize the international financial system.
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🇺🇸 ETHEREUM ETFs TO START TRADING TODAY
🤝 @Cryptocurrency_Inside ✅