BingX Crypto & Financial News
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🌐 Your portal to the crypto and financial world. Breaking news, insights, and analysis from BingX and crypto market.
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Today's summary and tomorrow's events. | https://t.me/bingx1/2147483647
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The token #colours experienced a nearly 5,000% rally today, fueled by increased Twitter support for β€œOperation Raise The Colours,” a UK-based movement opposing leftist policies. Elon Musk announced the token at 09:37 Moscow time, with smart wallet activity beginning at 10:09, contributing to its rise to second place in SmartMoney’s purchase rankings. By 10:37, Colours had moved to third among the β€œHot New Tokens on Smart Money (SOL).” Starting at 11:40, profit-taking by smart wallet holders drove the token to the top of sales rankings on SmartMoney. CAbot πŸ‘ˆ #CAreport

😝 Telemetry -10% feats
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BingX Crypto & Financial News
FOX reports that Caroline Fem, the acting chairman of the CFTC, may join MoonPay once a permanent chairman is appointed. MoonPay declined to comment; a CFTC representative did not dismiss the speculation.
Starting September 3, the Commodity Futures Trading Commission will operate with a single member, as the agency’s five-member board will be reduced to one. The remaining commissioner will be acting Chairman Caroline Fam, a cryptocurrency advocate appointed by former President Trump.
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Kindly MD, Inc. plans to raise up to $5 billion, with part of the proceeds allocated for establishing a Bitcoin treasury. sec.gov
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Yesterday, net inflows into spot Bitcoin ETFs totaled approximately $88.1 million, while funds into spot Ether ETFs amounted to roughly $455 million.
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Santiment reports a rebound in investor confidence within the cryptocurrency sector, as August data show heightened activity among major holders of Bitcoin and Ethereum. The number of wallets containing over 1,000 BTC increased by 13 to 2,087, while wallets with holdings exceeding 10,000 ETH rose by 48 to 1,275.
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Fantom’s daily transaction count has fallen to its lowest level since April 2021, while the number of active addresses per day has remained between 20,000 and 40,000, indicating a slowdown in new user engagement. The price of FTM has declined over 90% from its all-time high, reflecting subdued demand. Analysts suggest that Fantom may need significant catalysts, including network upgrades or strategic alliances, to rekindle growth.
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Google Cloud has announced the launch of its L1 GCUL L1, a distributed ledger platform designed to streamline cross-border payments and asset transactions.
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Whale transactions highlight significant trading activity across major crypto wallets:

1. A Bitcoin OG closed a long position at 96,452 ETH, valued at $433 million, realizing a profit of $2.6 million. The wallet offloaded 3,968 BTC, worth approximately $437 million, and purchased an additional 96,531 ETH, totaling roughly $443 million. Over the past week, this wallet acquired a cumulative 641,508 ETH, amounting to $2.94 billion.

2. Eight new wallets received a total of 35,948 ETH, valued at $164 million, from FalconX and Galaxy Digital.

3. Six wallets, potentially linked to Bitmine, received 95,789 ETH, valued at $427 million, transferred from BitGo.

4. Three Wallet-Kita initiated a large long position in XPL, pushing the asset to $1.8. This move triggered liquidations of short sellers and generated nearly $38 million in profits within an hour.
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BingX Crypto & Financial News
Tom Lee, co-founder of Fundstrat and chairman of Bitmine, forecasts Bitcoin reaching $250,000 by 2025. cointelegraph
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Lee, co-founder of ETH and Chairman of Fundstrat and Bitmine, projects Ethereum will hit $5,500 in the next few weeks, with an outlook of reaching $10,000 to $12,000 by the end of the year.
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BingX Crypto & Financial News
Metaplanet acquires 103 additional Bitcoin, raising its total holdings to 18,991 BTC.
Japan's Metaplanet has secured $881 million in funding to acquire Bitcoin, according to a recent plan document.
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Bitcoin veteran liquidates $83.11 million worth of holdings in recent transaction

A seasoned Bitcoin investor has sold 750 BTC, valued at approximately $83.11 million, over the past two hours.

The trader’s entry into the digital asset dates back twelve years, when they acquired 5,000 BTC for $1.66 million. Their profit realization began once Bitcoin exceeded $90,000 in December 2024.

To date, the individual has offloaded 1,750 BTC for a total of $189.3 million, at an average exit price of $108,160 per Bitcoin. Amid these transactions, they retain approximately 3,250 BTC, now valued at around $360.75 million. Their cumulative gains are estimated at $550 million, reflecting a return of roughly 331 times the initial investment.
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BingX Crypto & Financial News
NMR rises 40% after recent announcement, prompting a surge in trading volume across centralized exchanges. The token quickly climbed to the top of purchase volume rankings, becoming the most actively traded asset on several platforms. Within ten minutes of…
NMR surged 85% after an initial 40% increase. By 22:00 Moscow time, prices for both spot and futures trading across major centralized exchanges hit their peak levels. At 01:02 Moscow time, NMR recorded its highest withdrawal volumes from these platforms. The total increase approached approximately 140%. View the chart.
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The European Union has proposed removing all tariffs on industrial goods imported from the United States.
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Rex Shares and Osprey Funds have submitted an application to the SEC to launch a BNB ETF that includes staking.
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M MANTRA announces initial OM token ransom valued at $25 million.
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Aave Labs announced the launch of Horizon, a platform offering institutional loans denominated in stablecoins as part of the broader push toward tokenized assets. The Block.
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JUP Jupiter has released a public test version of the Jupiter Lend credit protocol.
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BingX Crypto & Financial News
M MANTRA announces initial OM token ransom valued at $25 million.
M surges 8% following undisclosed announcement

The token jumped 8% after an unspecified development. Trading volume increased significantly more than an hour before the official announcement. At 14:10 Moscow time, OM ranked among the top tokens in purchase volume across centralized exchanges, reaching the top position by 15:45. Ten minutes prior to the news release, OM led in open interest growth, with data recorded at 15:36.
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BingX Crypto & Financial News
Hemi Raises $15 Million in Funding Round Ahead of Bitcoin Programmability Layer Launch. theblock.com
Hemi to be listed on Binance on August 29.
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