π Ethereum is closing in on its ATH β this morning it was just $250 away.
Meanwhile, Eric Trump reminded everyone he once advised buying ETH at $2,900β¦ though it later dropped by 50% π
Meanwhile, Eric Trump reminded everyone he once advised buying ETH at $2,900β¦ though it later dropped by 50% π
π7π₯4π3
π₯ OKX has announced the burn of 65,256,712 $OKB tokens
According to the exchange, this move is part of the X Layer upgrade and $OKB gas optimization.
The token instantly surged by +200% β a daily jump rarely seen even among memecoins. π
According to the exchange, this move is part of the X Layer upgrade and $OKB gas optimization.
The token instantly surged by +200% β a daily jump rarely seen even among memecoins. π
β€12π8π₯5π5π5π€5π3π―3π3π2
π° Donald Trump has earned $2.4B from crypto since 2022 (The New Yorker):
βͺοΈ $14.4M β NFT collections
βͺοΈ $412.5M β World Liberty Financial (WLFI)
βͺοΈ $243M β UAE deals (Binance investments)
βͺοΈ $13M β mining via American Bitcoin
βͺοΈ $1.3B β Trump Media & Technology Group (BTC reserves)
βͺοΈ $385M β meme coin Official Trump ($TRUMP)
βͺοΈ $65M β meme coin Melania ($MELANIA)
βͺοΈ $14.4M β NFT collections
βͺοΈ $412.5M β World Liberty Financial (WLFI)
βͺοΈ $243M β UAE deals (Binance investments)
βͺοΈ $13M β mining via American Bitcoin
βͺοΈ $1.3B β Trump Media & Technology Group (BTC reserves)
βͺοΈ $385M β meme coin Official Trump ($TRUMP)
βͺοΈ $65M β meme coin Melania ($MELANIA)
β€14π11π€©10π±6π5π5π€4π’2π―2π1
π With ETH surging, traders are now expecting a full altseason in SeptemberβOctober π
The market seems to be following the classic cycle: BTC pump β ETH pump (now) β altseason. π
Letβs just hope November doesnβt bring a correction. π
The market seems to be following the classic cycle: BTC pump β ETH pump (now) β altseason. π
Letβs just hope November doesnβt bring a correction. π
π24π―15π14π€11π9π9π΄8π6π5π’1
πΈ Estonian banker loses $1B in ETH!
Rein LΕhmus, 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 β but thereβs a catch: he lost the private key. ππ
Since the ICO, the wallet has never been touched, and LΕhmus admits he has no way to recover access. Back then, hardware wallets were rare, and secure storage wasnβt top of mind. π
Now, itβs one of the worldβs most expensive forgotten password. π€·
Rein LΕhmus, 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 β but thereβs a catch: he lost the private key. ππ
Since the ICO, the wallet has never been touched, and LΕhmus admits he has no way to recover access. Back then, hardware wallets were rare, and secure storage wasnβt top of mind. π
Now, itβs one of the worldβs most expensive forgotten password. π€·
π±28π21π€21π19π15π13π12π―11π’7π€6
π Bitcoin Hits New ATH!
BTC hit a fresh all-time high of $124,500 overnight before correcting below $122K. In the last 24h, about $400M in positions were liquidated.
Ethereum is also approaching its record, now less than $100 away. π₯
Fear & Greed Index: 75 (Greed). BTC dominance: 59.38% β a decline here could open the gates for altseason. ππ
BTC hit a fresh all-time high of $124,500 overnight before correcting below $122K. In the last 24h, about $400M in positions were liquidated.
Ethereum is also approaching its record, now less than $100 away. π₯
Fear & Greed Index: 75 (Greed). BTC dominance: 59.38% β a decline here could open the gates for altseason. ππ
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π° Bitcoin Nears Record High vs Gold
1 BTC is now worth 35.77 troy ounces of gold, closing in on its all-time high of 40.07 ounces set in December 2024 (longtermtrends.net).
The digital gold is once again challenging the real one. πͺ
1 BTC is now worth 35.77 troy ounces of gold, closing in on its all-time high of 40.07 ounces set in December 2024 (longtermtrends.net).
The digital gold is once again challenging the real one. πͺ
π₯8
Crypto soothsayer
π΅οΈββοΈ White hat hacker danielvf revealed details of the $51M Radiant Capital hack: 1οΈβ£ Hackers used a trojan to infect the devices of team members. 2οΈβ£ Hardware wallets signed a transferOwnership function, giving hackers control of the lending pool. β¦
π₯ Radiant Capital Hacker Doubles Loot!
π₯· The attacker who stole $51M from Radiant Capital swapped the funds for 21,957 ETH right after the hack.
Thanks to Ethereumβs price surge, the stash is now worth about $102M. π°π
The hacker has already sold 9,631 ETH at an average of $4,562, cashing in roughly $44M.
π₯· The attacker who stole $51M from Radiant Capital swapped the funds for 21,957 ETH right after the hack.
Thanks to Ethereumβs price surge, the stash is now worth about $102M. π°π
The hacker has already sold 9,631 ETH at an average of $4,562, cashing in roughly $44M.
π’4π1
π¦ MetaMask Prepares to Launch Its Own Stablecoin
MetaMask, with 30M+ monthly users, is set to unveil details of its USD-pegged token mUSD this week, with launch expected by monthβs end. π
The project involves Bridge (acquired by Stripe) for payments integration and Blackstone for custody & treasury management.
Like other big players, MetaMask aims to tap into yields from underlying stablecoin assets such as U.S. Treasuries. πΊπΈπ¦
MetaMask, with 30M+ monthly users, is set to unveil details of its USD-pegged token mUSD this week, with launch expected by monthβs end. π
The project involves Bridge (acquired by Stripe) for payments integration and Blackstone for custody & treasury management.
Like other big players, MetaMask aims to tap into yields from underlying stablecoin assets such as U.S. Treasuries. πΊπΈπ¦
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Crypto soothsayer
π Fed Rate Cut Odds Soar! The probability of a Fed rate cut on September 17 has reached 96%. π Meanwhile, Bitcoin hovers around $120,000βall before the rate drop! π€© Markets are buzzing as investors anticipate major moves.
β οΈ FedWatch Alert!
Markets now price a 100% chance the Fed will cut rates in September: 97.8% probability for a 0.25% cut and 2.2% for a deeper 0.5% mov π₯
Markets now price a 100% chance the Fed will cut rates in September: 97.8% probability for a 0.25% cut and 2.2% for a deeper 0.5% mov π₯
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π΅π¬ Papua New Guinea Eyes Bitcoin Reserve
Government officials in Papua New Guinea are meeting with crypto industry leaders to explore the possibility of establishing a national BTC reserve β a potential move that could place the country among Bitcoin-friendly nations. π°
Government officials in Papua New Guinea are meeting with crypto industry leaders to explore the possibility of establishing a national BTC reserve β a potential move that could place the country among Bitcoin-friendly nations. π°
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Crypto soothsayer
β οΈ FedWatch Alert! Markets now price a 100% chance the Fed will cut rates in September: 97.8% probability for a 0.25% cut and 2.2% for a deeper 0.5% mov π₯
π After Scott Bessentβs speech and fresh U.S. macro data (which briefly sent BTC to $118K), the odds of a Fed rate cut in September dropped from 100% to 92.6% β still a very high chance of a cut.
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π Coinbaseβs Q2 report sees the crypto market outlook as βconstructiveβ and hints at a possible altcoin season starting in September!
BTC dominance fell from 65% in May to 59% in August, while altcoin market cap jumped over 50% since July. π₯
Institutional interest in ETH is rising, with 2.95M ETH (~2% supply) held by crypto-reserve firms.
Coinbase links the forecast to macro trends, potential regulatory progress, and a Fed rate cut in September that could shift capital from $7T in U.S. money market funds into risk assets like crypto. π°π¨βπ»
BTC dominance fell from 65% in May to 59% in August, while altcoin market cap jumped over 50% since July. π₯
Institutional interest in ETH is rising, with 2.95M ETH (~2% supply) held by crypto-reserve firms.
Coinbase links the forecast to macro trends, potential regulatory progress, and a Fed rate cut in September that could shift capital from $7T in U.S. money market funds into risk assets like crypto. π°π¨βπ»
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