8 Aug 2024
Bitcoin volatility slashes unrealized profits, STHs hit the hardest
Bitcoin’s extreme volatility this week has wiped out a significant amount of unrealized profits across the entire market. Data from Glassnode showed that on Aug. 1, over 85% of Bitcoin’s circulating supply was in profit, reflecting a stable and enduring bullish sentiment as the price settled at around $65,000. Read more
Saylor reveals his personal Bitcoin holdings are worth over $1 billion
MicroStrategy executive chair Michael Saylor disclosed in an interview on Aug. 7 that his personal Bitcoin holdings are worth over $1 billion, placing him among the elite group of BTC “whale hodlers. Read more
The Protocol: Death Cross, Dip Buying and Developer Nerves
Bitcoin swooned, and crypto markets followed. Should blockchain-project founders and developers be worried? PLUS: We break down Ronin Network's $12 million run-in with white-hat hackers. Read more
The Mortgage Industry Meets Digital Asset Capital Markets
Tokenized private funds primed for adoption as the industry has seen with short-term liquidity products, says Peter Gaffney, vice president, business development & strategy at Blue Water Financial Technologies Services LLC. Read more
How DePIN Can Modernize Car Insurance
Auto insurers take a blanket approach to setting premium prices, disadvantaging drivers with better records. DePINs can help individualize policies while keeping data secure, writes Hugo Feiler, CEO of Minima. Read more
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong. Read more
Synthetix Founder Have Donated Funds to Beleaguered Ex-Treasurer: EmberCN
On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge. Read more
Jump Trading Allegedly Moves $29M in ETH as Ether Tops $2.5K
According to a blockchain data tracking service, Jump Trading has moved large amounts of ether to an address previously used to deposit coins to centralized exchanges. Read more
Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Tumbles 40%
Nexera, a blockchain infrastructure protocol that focuses on tokenization, has suffered an exploit with $1.5 million being stolen, according to blockchain security firm Cyvers. Read more
Stripe Partners With Bitstamp to Make Crypto Buying Easier for European Users
The widget won't be available to customers in the U.K. Read more
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years. Read more
Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted. Read more
Crypto Bank Anchorage Adds Custody for Solana-Based Tokens
Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year. Read more
Ronin Bridge Paused, Restarted After $12M Drained in Whitehat Hack
“The bridge currently secures over $850M which is safe,” co-founder @Psycheout86 said in an X post. Read more
Bitcoin's Death Cross Is Looming Again
The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator. Read more
Ethereum ETFs Scored $49M Inflows as ETH Plunged
ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals. Read more
These Two Bitcoin Indicators Offer Light in a Gloomy Market
BTC has dropped over 13% this month, but all is not lost, according to key indicators. Read more
Bitcoin Jumps Above $56K, Solana Leads Recovery From Monday's Rout
Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session. Read more
Lookonchain: Erm, actually the $2B of ETH was sold back in 2021
Lookonchain shared that Plus Token had begun moving nearly $2 billion in ETH but it turns out most of it had already been sold in 2021. Read more
XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’
XRP’s price has surged 26% as the Ripple vs. SEC case appears to be nearing its final stages, with no signs suggesting that XRP will be classified as a security. Read more
Jump likely shuttered development arm, not trading — 1000x co-host
Jonah Van Bourg expects Jump’s quantitative crypto trading business is continuing to operate as before. Read more
3 key Bitcoin price metrics highlight traders’ lack of enthusiasm
Bitcoin price struggles as stablecoin and futures market data show declining confidence among traders. Read more
How DePIN is shaping the future of crypto — Polygon Labs exec
Real-world tokenized assets returned an average of roughly 213% this year, making the sector one of the highest-performing in the industry. Read more
Morgan Stanley advisers can officially pitch Bitcoin ETFs
For now, the advisory platform is only recommending ETFs from BlackRock and Fidelity. Read more
Real-world tokenization can drive homeownership — Quarter Homes CEO
Current 30-year fixed mortgage rates in the United States are close to 7%, as younger individuals struggle to purchase property. Read more
US Presidential election now a ‘tossup’ — Polymarket
Donald Trump still has a slight lead on the betting platform, but Harris is closing in. Read more
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