First Positive Dynamics for Ethereum ETFs in Two Weeks

For the first time in the past two weeks, there has been an inflow of funds into Ethereum ETFs, indicating a renewed interest from institutional investors.

Nine Ethereum ETFs collectively attracted $5.9 million, which is a significant signal for the market.

Yesterday, the Ethereum ETF from BlackRock recorded an inflow of $8.4 million, marking a key event of the day, while the Grayscale ETF experienced an outflow of $3.8 million. Despite this, the overall balance remained positive, indicating growing confidence among major players.

The price of ETH has not yet responded to the increased interest from institutional investors, remaining within its recent range. However, analysts believe that the key resistance level is $2,700. Only after breaking through this level can the market shift to a bullish trend, laying the groundwork for further growth.

Experts also note that the strengthening of Ethereum’s position amid increased ETF…

Speculators Have Reached the Point of Capitulation

Glassnode noted that the biggest losses are being incurred by traders who purchased coins between 3 and 6 months ago.

The losses began in early July, with the peak occurring in the first half of August. This capitulation has become one of the most significant.

Long-term investors have suffered much smaller losses and, moreover, have taken advantage of the situation by purchasing more than 480,000 BTC from speculators.

Speculation using perpetual swaps has significantly decreased, and investors have shifted to the spot market. Funding rates for most coins remain neutral.

In the near future, traders will focus on spot operations rather than futures. The calm continues, and investors are preparing for a phase of turbulence. However, as this phase approaches, an increase in volatility and trading volumes can be expected, which may lead to new opportunities for those who are ready to take risks.

The Cardano network has undergone the Chang hard fork

The Cardano team has executed the Chang hard fork, aimed at giving every member of the Cardano community the ability to participate in decision-making regarding the future development of the project. This significant update is focused on strengthening decentralized governance within the network and creating a more transparent and inclusive decision-making process.

Now, ADA token holders will be able to directly influence the selection of Cardano leadership representatives, significantly increasing the role of each user within the ecosystem. Additionally, this update opens new opportunities for participation in voting on critical network issues, ranging from technical solutions to strategic planning.

“I would call this the most significant event in the history of Cardano. We consider ourselves the largest L1 blockchain with on-chain governance. Of course, there are other players like Tezos and Polkadot, but if there were a ranking of…

Bitcoin miners earned over $3.4 million in a week

At the end of August, miners once again started selling off their reserves amid the stagnation of BTC, aiming to secure profits in uncertain market conditions.

Their income exceeded $3.4 million, marking a significant event for the industry.

On August 28, the difficulty of Bitcoin mining increased from 86.87 T to 89.47 T (up by 2.99%), presenting another challenge for miners operating on the edge of profitability.

The increase in Bitcoin mining difficulty is linked to a rise in hashrate following the connection of new miners to the network. This indicates ongoing competition among market participants, who strive to maximize profits under current conditions.

Another difficulty adjustment is expected on September 10, which could once again alter the market dynamics.

The hash price is still below $50 and recently dropped to $42, which prompted miners to sell in order to maintain profitability.

The largest pools — Foundry and AntPool —…

In Scotland police have seized Bitcoin for the first time during an investigation

The Edinburgh High Court ruled to confiscate 23.5 BTC (equivalent to over $1.38 million) in a case against John Ross Rennie, connected to a robbery in Blantyre. In March 2020, a group of unknown individuals, threatening a married couple with a machete, demanded that they transfer Bitcoin to them.

The incident was notable not only for its brutality but also for its unusual nature: one of the attackers repeatedly struck the victim’s wife with a Toblerone chocolate bar. After the man transferred the required crypto assets, the criminals fled the scene.

Although John Ross Rennie did not personally participate in the attack, the investigation established his involvement in the case. The prosecution proved that he advised the attackers on transferring the crypto assets and temporarily stored them in his wallets, which became a key element of the evidence. The confiscation of cryptocurrency set a precedent for…

Arthur Hayes explained why the Federal Reserve’s rate cuts might not have a significant impact on the price of BTC

The main reason lies in the widening spread between repo operations and the yield on Treasury bonds, which currently offer 5.3% and 4.3%, respectively. This gap makes reverse repo transactions more attractive to large funds.

As a result, investors are withdrawing funds from Treasury bonds and moving them into reverse repo transactions, which, according to Hayes, reduces the amount of liquidity available for investments in risky assets like cryptocurrencies. In an environment of limited money supply, there are fewer resources available to support the growth of Bitcoin and other digital assets.

Since mid-August, $120 billion has been converted in this manner, leading to a 10% drop in Bitcoin’s price following Federal Reserve Chairman Jerome Powell’s speech on August 23. Although Bitcoin partially recovered the next day, there is still uncertainty in the market regarding the…

The activity on the TON network has reached an eight-month high

Confirming the steady growth of interest in the platform.

Last week, the TON network delivered impressive results by processing over 46 million transactions, which is a significant indicator of the blockchain’s infrastructure development and its increasing demand among users.

This level of network activity is the highest since January of this year, highlighting the consistent rise in transaction volumes within the network.

The DOGS memecoin distribution, which caused a lot of buzz, significantly impacted address activity, encouraging users to participate in transactions.

CryptoQuant analysts support this observation, noting that DOGS has become the most popular memecoin deployed on the TON blockchain. This reflects strong community interest in the asset and its influence on the broader TON ecosystem.

The DOGS distribution temporarily overloaded the blockchain, causing the system to struggle with processing transactions…

BNB Chain tops the ranking of the most active blockchains

CryptoRank has published a ranking of the top 15 blockchains by the number of active addresses. BNB Chain leads the list with 467 million active addresses, confirming its strong position in the market due to high user activity and a wide range of applications.

Polygon and Ethereum took second and third places with 458 million and 281 million active wallets, respectively. Both blockchains continue to strengthen their ecosystems by offering scaling solutions and smart contracts, which help attract a large number of users.

Linea network closed the ranking with 7.8 million active addresses, showing steady growth despite its relatively recent launch.

The top 15 also includes blockchains with high user activity, such as Tron (254 million), the rapidly growing Fantom (178 million), as well as Optimism (162 million) and Base (112 million), which are popular among developers for providing Ethereum scaling solutions. The TON project…