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
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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.
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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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π₯ CryptoQuant reports a massive $1.82B inflow of stablecoins to Binance π§
π΅οΈββοΈ Analysts believe these funds are likely headed for the spot market β either for strategic accumulation or short-term speculative trades.
In any case, fresh liquidity is entering the market. π°
π΅οΈββοΈ Analysts believe these funds are likely headed for the spot market β either for strategic accumulation or short-term speculative trades.
In any case, fresh liquidity is entering the market. π°
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U.S. institutions are on a Bitcoin shopping spree! πΊπΈ
The Coinbase Premium Gap β the price difference between BTC on Coinbase and other exchanges β has skyrocketed to $88.7 π.
This spike signals strong spot buying pressure from U.S. institutional investors on Coinbase, hinting at aggressive accumulation behind the scenes.π¦
The Coinbase Premium Gap β the price difference between BTC on Coinbase and other exchanges β has skyrocketed to $88.7 π.
This spike signals strong spot buying pressure from U.S. institutional investors on Coinbase, hinting at aggressive accumulation behind the scenes.π¦
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πΊπΈπ₯ US Treasury clarifies: Bitcoin purchases still on the table
After spooking the market with comments that wiped $55B off BTCβs cap, US Treasury Secretary Scott Bessent clarified theyβre still exploring budget-neutral ways to grow the Strategic Bitcoin Reserve β fulfilling Trumpβs vision of making the US a βBitcoin superpower.β π°
π Current plan: build the reserve from confiscated BTC (already worth $15β20B) and stop selling holdings. Extra buys may come from gold certificate revaluation or tariff revenue β but Congress approval is needed.
β³ Critics say five months of βexploringβ looks like stalling, warning other nations could front-run the US. Still, the Treasury holds 198,012 BTC ($23.5B) and isnβt dumping anytime soon.
After spooking the market with comments that wiped $55B off BTCβs cap, US Treasury Secretary Scott Bessent clarified theyβre still exploring budget-neutral ways to grow the Strategic Bitcoin Reserve β fulfilling Trumpβs vision of making the US a βBitcoin superpower.β π°
π Current plan: build the reserve from confiscated BTC (already worth $15β20B) and stop selling holdings. Extra buys may come from gold certificate revaluation or tariff revenue β but Congress approval is needed.
β³ Critics say five months of βexploringβ looks like stalling, warning other nations could front-run the US. Still, the Treasury holds 198,012 BTC ($23.5B) and isnβt dumping anytime soon.
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π Crypto dips after USβRussia talks stall
Overnight in Alaska, US President Trump and Russian leaders failed to reach an agreement. Trump stated: βWe couldnβt find full understanding. Unfortunately, thereβs no deal yet.β
Markets reacted instantly:
π» BTC fell to $117,500 (-1.3% in 24h)
π» ETH dropped harder, to $4,400 (-4.5%)
Meanwhile, the Fear & Greed Index slid to 56, its lowest since August 6, signaling cooling market sentiment. π§
Overnight in Alaska, US President Trump and Russian leaders failed to reach an agreement. Trump stated: βWe couldnβt find full understanding. Unfortunately, thereβs no deal yet.β
Markets reacted instantly:
π» BTC fell to $117,500 (-1.3% in 24h)
π» ETH dropped harder, to $4,400 (-4.5%)
Meanwhile, the Fear & Greed Index slid to 56, its lowest since August 6, signaling cooling market sentiment. π§
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π° Institutions keep stacking ETH
SharpLink Gaming has acquired 130,000 ETH, raising its reserves to 728,804 ETH ($3.38B). At the same time, Bitmine is also buying the dip β today adding 28,650 ETH (~$130M).
π΅ In total, Bitmine now holds a massive 1.17M ETH, valued at around $5.1B.
Big players keep accumulating Ethereum despite the correction β a strong signal of long-term confidence.
SharpLink Gaming has acquired 130,000 ETH, raising its reserves to 728,804 ETH ($3.38B). At the same time, Bitmine is also buying the dip β today adding 28,650 ETH (~$130M).
π΅ In total, Bitmine now holds a massive 1.17M ETH, valued at around $5.1B.
Big players keep accumulating Ethereum despite the correction β a strong signal of long-term confidence.
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π Litecoinβs Charlie Lee joins MEI Pharma board
Litecoin creator Charlie Lee has entered the board of directors at MEI Pharma. π§βπΌ
π Recently, MEI Pharma announced it had acquired 929,548 LTC worth $100M, giving the Litecoin ecosystem its first public market presence in the US β led by its own founder.
Litecoin creator Charlie Lee has entered the board of directors at MEI Pharma. π§βπΌ
π Recently, MEI Pharma announced it had acquired 929,548 LTC worth $100M, giving the Litecoin ecosystem its first public market presence in the US β led by its own founder.
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