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Former Binance chief Changpeng Zhao is the top Chinese-born billionaire on Forbesโ global list, ranking 24th with a net worth of $65.7 billion.
Heโs often associated with China, but Forbes confirms he holds Canadian citizenship.
His fortune soared in 2022, dipped in 2023, and has now bounced back strongly.
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In June, their combined share reached an all-time high of 31.5% of the Bitcoin network. Since April, they added 11 EH/s. ๐จ
Over the year, their hashrate nearly doubled โ while the whole network grew by 55%.
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๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐๐ก๐๐ซ๐จ๐ฌ ๐๐๐ ๐ข๐ง ๐๐๐ฌ
Special Processing Networks (SPNs): Tailored blockchains for specific tasks, offering customizable execution, flexible consensus, and mainnet security
What Powers SPNsโก๏ธ
๐ SPN Manager: Controls the networkโs lifecycle for seamless setup and management
๐ SPN Adapter: Enables smooth cross-SPN communication
๐ Restaking: Leverages mainnet validators for shared, cost-effective security
Benefits ๐
- Users: Lightning-fast, secure, and budget-friendly dApp transactions
- Devs: Craft AI or trading networks with easy tools, low costs, and top-tier mainnet security
๐ฐ https://pharosnetwork.xyz
Special Processing Networks (SPNs): Tailored blockchains for specific tasks, offering customizable execution, flexible consensus, and mainnet security
What Powers SPNsโก๏ธ
๐ SPN Manager: Controls the networkโs lifecycle for seamless setup and management
๐ SPN Adapter: Enables smooth cross-SPN communication
๐ Restaking: Leverages mainnet validators for shared, cost-effective security
Benefits ๐
- Users: Lightning-fast, secure, and budget-friendly dApp transactions
- Devs: Craft AI or trading networks with easy tools, low costs, and top-tier mainnet security
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Bitcoin mining may soon play a critical role in stabilizing power grids, thanks to a new partnership between MARA Digital and TAE Power Solutions. The collaboration aims to address a major challenge faced by data centers: energy demand can fluctuate by as much as ยฑ100% in under five minutes, placing intense pressure on critical infrastructure.
To combat this, the partnership introduces a system capable of microsecond-level demand control. By leveraging the flexible nature of Bitcoin mining, the system enables miners to dynamically adjust their power consumption in real time. This responsiveness allows grid operators to balance loads more effectively, reduce the risk of outages, and enhance overall grid efficiency.
What was once solely a race to mine blocks is now evolving into an energy technology solution. Bitcoin mining is increasingly being recognized not just as a digital currency operation, but as a powerful tool for modern energy management.
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The 30-day change in active BTC supply has fallen to -17% โ the same level seen right before the September 2024 rally began.
This metric often signals accumulation phases, hinting at a potential bullish move... if macro drama doesn't get in the way
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๐ฐ Global M2 money supply just hit a record $55.48T, and history suggests Bitcoin could soon follow โ with analysts eyeing a price target around $170K.
BTC tends to lag M2 liquidity surges by a few weeks/months, and the recent breakout above $100K may be just the beginning.
๐ต Adding fuel to the fire: the US dollar is down 10.8% YTD โ its worst H1 performance since 1973 โ while BTC gained over 13%.
๐ Past cycles show that when global liquidity expands and the dollar weakens, Bitcoin rallies hard.
With ETF inflows rising and macro trends aligning, this could be the start of a new bullish chapter.
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Over the weekend, TON Foundationโs CEO claimed that staking TON could grant eligibility for a UAE Golden Visa. The news went viral after Pavel Durov reposted it โ triggering a sharp TON price surge.
But soon after, three UAE regulators (ICP, SCA, VARA) denied any official link, stating TON is not licensed or regulated in the UAE and warning users to rely on official sources.
TON later admitted the initiative is in early development, involving a licensed partner โ but without UAE government approval.
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U.S. mining firm BitMine just bought $500M worth of Ethereum as part of its new treasury strategy.
Meanwhile, SharpLink Gaming keeps accumulating โ now holding 294,000 ETH ($866M), with 74,464 ETH already staked.
Interestingly, SharpLink directly purchased 84,953 ETH from the Ethereum Foundation itself.
Ethereum is quickly becoming a favorite among corporate treasuries โ not just Bitcoin anymore.
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The EU is ready to slap 30% tariffs on โฌ100B worth of US goods if Trump imposes his own 30% levy on European exports after August 1.
The EU's โanti-coercion instrumentโ (ACI) could trigger broader countermeasures: new taxes on US tech giants, investment curbs, and restricted market access.
Goods like Boeing planes, US-made cars, and bourbon are on the EUโs hit list. Negotiations continue, but Berlin is ready to back a full-scale trade fight if no deal is reached.
The trade war countdown is on.
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Strategy Quietly Bought 21,021 BTC Last Week!
While many were concerned after Michael Saylor skipped his usual Monday Bitcoin purchase announcement, Strategy has now confirmed the acquisition of 21,021 BTC for $2.46B at an average price of $117,256.
The company now holds 628,791 BTC, acquired for a total of $46.08B, with an average purchase price of $73,277 per BTC.
Strategy stays on its Bitcoin buying pathโno pauses after all!
While many were concerned after Michael Saylor skipped his usual Monday Bitcoin purchase announcement, Strategy has now confirmed the acquisition of 21,021 BTC for $2.46B at an average price of $117,256.
The company now holds 628,791 BTC, acquired for a total of $46.08B, with an average purchase price of $73,277 per BTC.
Strategy stays on its Bitcoin buying pathโno pauses after all!
In under two months, SharpLink Gaming has quietly accumulated over 521,000 ETH, valued at $1.87 billion.
The company has actively staked its holdings, earning more than 929 ETH in staking rewards โ signaling both long-term conviction and a strategic yield approach.
A notable move that positions SharpLink among the largest ETH holders in the market.
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Rein Lลhmus, co-founder of LHV Bank, bought 250,000 ETH for $75K during the 2015 ICO at $0.30 each. Today, that stash is worth over $1.16B โ but thereโs a catch: he lost the private key.
Since the ICO, the wallet has never been touched, and Lลhmus admits he has no way to recover access. Back then, hardware wallets were rare, and secure storage wasnโt top of mind.
Now, itโs one of the worldโs most expensive forgotten password.
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The firm, famous for its massive Bitcoin treasury ($72B BTC held), had promised not to issue stock if shares traded below 2.5x its Bitcoin holdings. Now, Saylor has eased the rule, allowing equity sales even under that threshold โwhen advantageous.โ
This gives him more flexibility to raise cash and keep stacking BTC โ but also raises dilution concerns.
Meanwhile, Strategyโs stock is down 22% since November, even as Bitcoin gained 23%. Investor confidence is being tested, and rivals (ETFs, other BTC treasuries) are competing hard for capital.
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EdgeX Labs just dropped EdgeX Cloud, a powerful GPU-driven platform that makes building and launching AI agents super easy.
With EdgeX Cloud, you can create AI faster and cheaper, scale without worrying about crazy costs, and have total freedom to work with any Large Language Model (LLM). No more tedious setupโjust dive in and grow with confidence.
This is a big deal for developers and businesses looking to tap into AI without the usual headaches or high prices. Check out EdgeXโs channels to get started and join the #EdgeXCloud hype!
๐ https://linktr.ee/edgexai
With EdgeX Cloud, you can create AI faster and cheaper, scale without worrying about crazy costs, and have total freedom to work with any Large Language Model (LLM). No more tedious setupโjust dive in and grow with confidence.
This is a big deal for developers and businesses looking to tap into AI without the usual headaches or high prices. Check out EdgeXโs channels to get started and join the #EdgeXCloud hype!
๐ https://linktr.ee/edgexai
Can Bitcoin still hit $160K by Christmas?
Research from economist Timothy Peterson suggests BTC could rally 44% on average in Q4, pushing it to ~$160K by yearโs end. Historically, Bitcoin gains 70% of the time in the last four months, though September is usually weak.
Analysts call the current dip a โfrontrunningโ of the usual September slump โ setting the stage for a strong comeback. Outlook: positive, but less volatile than past cycles.
Research from economist Timothy Peterson suggests BTC could rally 44% on average in Q4, pushing it to ~$160K by yearโs end. Historically, Bitcoin gains 70% of the time in the last four months, though September is usually weak.
Analysts call the current dip a โfrontrunningโ of the usual September slump โ setting the stage for a strong comeback. Outlook: positive, but less volatile than past cycles.
๐ณ Ethereum ICO whale wakes up
An early ETH investor who got 1,000,000 ETH during the ICO has reappeared after 8 years of inactivity.
He just moved 150,000 ETH ($645M) to a new staking wallet.
Back in 2015, he invested $310K across 3 wallets โ now worth $4.3B.
From dormancy to giga-chad staking move.
An early ETH investor who got 1,000,000 ETH during the ICO has reappeared after 8 years of inactivity.
He just moved 150,000 ETH ($645M) to a new staking wallet.
Back in 2015, he invested $310K across 3 wallets โ now worth $4.3B.
From dormancy to giga-chad staking move.
XOS Testnet V1 will end today. It has reached 4.5 million blocks and generated more than 20 million DEX trades. ๐ฅ
The token sale refund feature opens on September 17 and will remain available through November.
๐ Details: tokens.x.ink
๐ Claim NFT: x.ink/airdrop
โฐ Genesis Badge role will be available in a few days.
๐ Keep in touch:
๐ฆ https://x.com/xos_labs
โ๏ธ https://t.me/XosTelegram
๐ฎ https://discord.gg/xosnetwork
The token sale refund feature opens on September 17 and will remain available through November.
๐ Details: tokens.x.ink
๐ Claim NFT: x.ink/airdrop
โฐ Genesis Badge role will be available in a few days.
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According to an announcement from the FTX Recovery Trust, creditors will receive $1.6 billion in the third distribution round on September 30.
The amounts vary depending on the creditor class, with the largest payouts going to U.S. residents. For some, the total recovery level will reach 95% of the dollar value โ though without accounting for cryptocurrency price increases.
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๐ฐ Stablecoin market hits a new milestone: total capitalization surpasses $300B for the first time!
โช๏ธTether (USDT) leads with $176.3B (58.4%)
โช๏ธCircleโs USDC follows with $74B
โช๏ธEthenaโs USDe at $14.8B
Notable mentions: Trump-linked USD1 at #6, PayPalโs PYUSD at #8, Rippleโs RLUSD at #12.
DeFiLlama tracks ~300 pegged assets, including synthetic stablecoins from various DeFi projects.
โช๏ธTether (USDT) leads with $176.3B (58.4%)
โช๏ธCircleโs USDC follows with $74B
โช๏ธEthenaโs USDe at $14.8B
Notable mentions: Trump-linked USD1 at #6, PayPalโs PYUSD at #8, Rippleโs RLUSD at #12.
DeFiLlama tracks ~300 pegged assets, including synthetic stablecoins from various DeFi projects.