Crypto Pro Updates
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๐Ÿ—ฃ #BTC Billionaire Bill Miller IV says 1% of the $60T in global retirement accounts could add $30K to BTCโ€™s price.
๐Ÿ‘1
โ›๏ธ๐Ÿง #BTC Currently, two mining pools, Foundry USA and AntPool, control 48% of Bitcoin's hashrate.

Recently, Foundry USA mined 8 Bitcoin blocks in a row.

The recent 51% attack attempt on Monero sparked debate over whether Bitcoinโ€™s mining power is becoming too centralized.
๐Ÿ—ฝ๐Ÿ“Š #BTC-#ETF's are in a neutral flows regime, mirroring the macro uncertainty of the past 10 days.

When flows sit in this regime, Bitcoinโ€™s returns tend to be flat on average, but with a wide range of possible outcomes.

Jerome Powellโ€™s Jackson Hole speech later this week might help set the tone, but even that isnโ€™t a sure signal.
๐Ÿ”ฎ๐Ÿ“ˆ #BTC Research: New model shows that Bitcoin could reach $10M by 2031 and $20M by 2035.
๐Ÿ”ฎ #BTC Coinbase CEO Brian Armstrong predicts BTC will reach $1,000,000 by 2030.
๐Ÿ‡ญ๐Ÿ‡ฐ #BTC Hong Kong-based Ming Shing said it is entering into an agreement with Winning Mission Group to buy 4,250 BTC at an average price of $113,638. theblock
๐Ÿ“‰ #BTC #ETH #ETF Yesterday, total net outflows of spot BTC-ETFs totaled ~$315.9 million.

Total net outflows of spot ETH-ETFs amounted to ~$240.2 mln.
๐Ÿฆ #ETH #RWA DBS Bank offers tokenized structured bonds on the Ethereum blockchain, expanding investor access. coindesk
๐Ÿค” The Fed's Christopher Waller urged policymakers and bankers to stop fearing DeFi and stablecoins, saying they will drive the next wave of innovation in the US payments system. cointelegraph
๐Ÿ“ˆ Cryptocurrency token buybacks hit $40 million a week as protocols replicate corporate buyback scheme. theblock
๐Ÿ”๐Ÿณ Whale Transactions:

1. US Government Wallets received 76.56 ETH ($332k) from Coinbase and currently holds 65,232 ETH ($281m);
2. 0x17E0 bought 5,001 ETH ($21.76 million) at $4352 - at a lower price than his last sale;
3. BTC OG, owning 14,837 #BTC ($1.69 billion), sold 670.1 BTC ($76 million) and opened longs for 68,130 ETH ($295 million).
๐Ÿค” #BTC Eric Trump suggests that a certain country may have bought 200,000 BTC worth $22 billion without telling anyone.
๐Ÿ”ฎ #BTC CIO Bitwise predicts BTC to grow at 30% per year over the next decade. If true, BTC will be worth over $1.4 million by 2035.
๐Ÿค‘๐Ÿ˜ฑ #BTC Fear and Greed Index has risen to 50 - neutral level
๐Ÿ“ˆ #ETH Ethereum treasuries in 69 organizations have surpassed 4 million ETH, valued at over $17 billion. theblock
๐Ÿ‘ #WLFI WLFI minted $205 million worth of #USD1, increasing total supply by 9%. cointelegraph
๐Ÿ’ฐ RWA exchange DigiFT raises $11 million in a new round led by SBI Holdings, bringing its total funding to $25 million. theblock.co
๐Ÿ‘ TRM Labs along with Coinbase, Binance and others have launched Beacon Network to track and freeze stolen cryptocurrencies. cointelegraph
๐Ÿ’ธ #BTC Over the last 24 hours, ~$345 million worth of contracts have been liquidated, of which longs have liquidated ~$126 million and shorts ~$219 million.
๐Ÿ†•๐ŸŽฐ Today, Kanye West launched the #YZY token (contract), which reached a $3 billion capitalization in half an hour before dropping to $1 billion.

Insider 6MNWV8 knew the address of the contract in advance and even tried to buy yesterday. He spent 450,611 #USDC to buy 1.29M YZY at $0.35 today and sold 1.04M YZY for $1.39M, leaving $249,907 #YZY ($600k) at a >$1.5M profit.
Another insider 2DNb2C bought the wrong YZY yesterday and lost $710k, but today he spent 761k USDC on the real YZY and made a profit of >$710k.

๐Ÿ’ธ However, many traders suffered losses:

1. 6ZFnRH spent 1.55m #USDC to buy 996,453 YZY at $1.56 and then sold for 1.05m USDC at $1.06, losing $500k in less than 2 hours;
2. 0x68c0 opened a YZY long three times and lost a combined >$200,000.
๐Ÿ“ˆ #RWA Token Terminal: The tokenized assets market set a new all-time record, reaching a capitalization of $270 billion in assets under management (AUM).

#ETH network dominates the market, controlling around 55% of total volume thanks to a mature smart contract ecosystem and ERC0 standard.