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๐Ÿช™ Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Yearโ€™s Low

๐Ÿ’ต Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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โšก๏ธ Sony Group and $Pyth Network announce collaboration. Pyth Price Feeds will be used on the #Soneium testnet to deliver reliable, high-fidelity data for participants of the #Soneium.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿช™ The Weight of Bitcoin's Latest Freefall Pushes Crypto Market Below $2 Trillion

๐Ÿ’ฅ According to the latest stats, bitcoin (BTC) has taken a 2.5% dip against the U.S. dollar in the last 24 hours and is down 5.8% over the past week. The top cryptocurrency hit an intraday low of $55,602 per coin, and by Wednesday morning just before 11 a.m. EDT, it was just skimming above $57,400 per unit.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ’ณ Mastercard launches euro non-custodial #Bitcoin and crypto debit card.

They has over 100 MILLION merchants ๐Ÿ”ฅ

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ‡ฏ๐Ÿ‡ต JUST IN: Japan's big 3 banks MUFG, Mizuho & SMBC plan to use #stablecoins for cross border payments.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿช™ Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility

๐ŸŽˆ The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿšจ๐Ÿšจ๐Ÿšจ Metalpha, a Hong Kong ๐Ÿ‡ญ๐Ÿ‡ฐ asset management company associated with Bitmain, deposits $23.45 million worth of Ethereum๐Ÿ’ฐ to #Binance ๐Ÿ’ฐ today.

Over the past 4 days, they have deposited a total of $77.55 million worth of #Ethereum. Currently, Metalpha holds $120 million worth of Ethereum.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ“ˆ Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

๐Ÿ’ฌ Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbaseโ€™s custody.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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ใ€ฐ๏ธ Bitcoin โ€™anxiety stageโ€˜ risks more September losses, but thereโ€™s a silver lining 

๐ŸŽˆ Bitcoin analysts are eying a breakout point in the coming weeks, but market sentiment and historical data threaten more potential downside in September.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿคช  Spot #Bitcoin ETFs bought 6,892 #BTC this week, while miners only produced 2,250 BTC ๐Ÿ‘€

Insane ๐Ÿคฏ

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿช™ Deutsche Digital Assets new macro #Bitcoin ETP starts trading today.

Bullish ๐Ÿ’ฅ

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿฅ‡ MicroStrategy outperforms all companies in the S&P 500 by more than 100%

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐ŸŒซ World's largest custodian bank BNY Mellon is close to rolling out custody services for spot #Bitcoin ETF funds โ€” Bloomberg ๐Ÿ”—

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ”ฅ JUST IN: ๐Ÿ‡จ๐Ÿ‡ณ China's stock market has gone PARABOLIC this week after the government announced $140B stimulus and multiple rate cuts.

This is the BIGGEST weekly gain since 2008.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ’ฐ Bitcoin typically sees larger gains in October, November, and December when it closes September with a green monthly candlestick.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿšจ๐Ÿšจ JUST IN : #FTX๐Ÿ’ฐ will sell 22.3 million $WLD tokens at a discount of up to 75%.

The bankrupt crypto exchange FTX plans to auction 22.3 million #WLD tokens (almost $38 million) at a discount of 40% to 75%, according to media reports.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ’ฐ Paypal Completes First Corporate Transaction Using PYUSD Stablecoin

โšก๏ธ Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿšจ๐Ÿšจ The total market cap of #Stablecoins has fallen ๐Ÿ“‰ by $780 million, indicating a decline in purchasing power in the market. - CryptoQuant experts

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿƒ Bitcoin Price Predictions for End of 2024 and the Forecasted Outlook for 2025

๐Ÿค Over the past week, bitcoin has been bouncing between $59,019 and $63,794 per unit. While prices have slipped slightlyโ€”down 1.29% for October so farโ€”thereโ€™s still plenty of optimism that โ€˜Uptoberโ€™ will live up to its reputation. After all, October has historically been a good month for bitcoin, with enthusiasts eagerly awaiting a potential rally as we head deeper into the next few months.

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ‘พ Pepe Price Prediction: Time to Buy as PEPE Jumps 6%?

๐Ÿ’ธ Pepe (PEPE), the marketโ€™s top frog coin, has jumped 6% in the last 24 hours โ€“ wrapping up a solid four-day rally.

๐Ÿ“Š This recent surge has PEPE holders feeling optimistic again.

But the question remains: Can the coin keep up this momentum and climb even higher?

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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๐Ÿ’ฐ Apecoin $APE is the biggest 24h gainer among the top 500 tokens by market cap

๐Ÿ’ฐ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค ๐™ฌ๐™–๐™ก๐™ก๐™š๐™ฉ๐™จ
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