"Ethereum Killers" are no longer a hot topic. 🔥

CoinMarketCap has chosen to compare all the current Solana competitors! 😁

Metrics include: market capitalization, total value locked (TVL), programming language, maximum performance (TPS), number of daily active users, and the number of engineers involved in development.

CryptoQuant: Hash Ribbons Signals End of Miner Capitulation 🚀

The Hash Ribbons indicator, which tracks mining market stress using 30- and 60-day moving averages of Hash Rate, has just marked the end of miner capitulation, according to CryptoQuant.

🏔 With Hash Rate hitting a new all-time high of 638 EH/s, miners are adopting more efficient equipment, reducing their selling, and reigniting their machines.

This is the first such signal since the halving, when miner rewards were cut to 3,125 BTC (~$185k). While the indicator doesn’t pinpoint exact price bottoms, it often signals reduced selling pressure and can precede price increases. 📈✨

VanEck buys BTC 💰

The Head of Digital Assets at VanEck stated: "All the forced selling of Bitcoin is behind us. Bitcoin really hits its stride here, so we're buyers"

We won’t argue with them, as the news anchor might have already tried, ending up with a black eye 😂.

SEC Halts Solana ETF Approval Process 🚫

👀 The SEC has expressed concerns that Solana might be classified as a security, which led to Cboe removing its 19b-4 filings for Solana ETFs.

These filings, necessary for starting the approval process, have been withdrawn from the Cboe website and the Federal Register.

VanEck’s S-1 registration for a Solana ETF is still visible on the SEC’s EDGAR system, while 21Shares’ S-1 filing has disappeared from search results, though the link still works. 🧐

The SEC's stance isn't surprising given past statements labeling Solana as a security. Experts predict that Solana ETF approvals are unlikely under the current administration, with potential new filings or amendments expected in the future. 📉

VanEck argues Solana is a commodity like Bitcoin, but the SEC's position may delay or block ETF approvals until at least 2025, contingent on political changes.

Malicious Extension "Bull Checker" Targeting Solana Users Found in Chrome Browser 🙀

🥷 A malicious extension called "Bull Checker," which drains wallets and evades detection, has been discovered. It appears normal in simulations.

🪐 Decentralized exchange Jupiter strongly recommends that you immediately remove this extension if you find it.

A user fell victim to a scam involving spam transactions and sent $79,000 to a fraudster! 🙀

Never copy wallet addresses from transaction history!

Three crypto investors have filed a class-action lawsuit against Binance and Changpeng Zhao, accusing the exchange of money laundering.

👀 The plaintiffs allege that their assets were stolen and transferred by the perpetrators to Binance, which allowed them to obscure the trail of the stolen cryptocurrency.

Changpeng Zhao is currently serving a prison sentence for money laundering and is expected to be released in September.

Do you think CZ will be released from prison as planned and become a herald of a bull run, while the new case is just a formality? - 👍

Or is there a chance that new charges could extend his prison term? - 👎

It's a lengthy process; even if new charges are proven, Changpeng Zhao may still be released on schedule and will definitely be free for some time. - 🔥

An unknown user signed a phishing transaction and lost $55,500,000. 🤷

🇧🇷 The Brazilian Securities and Exchange Commission has approved the second ETF for Solana.

The product will be offered by Hashdex in partnership with the local investment bank BTG Pactual.

$75 million has been transferred from the wallet of the bankrupt exchange Mt. Gox to an address at Bitstamp.

The wallet still holds 34,000 bitcoins worth $2 billion. The exchange's administrators have not yet made any statements regarding the movement of these coins. 🧐

♾ Today, Bitcoiners around the world are celebrating Bitcoin Infinity Day.

August 21 (or 8/21) is transformed into the symbol of "infinite demand divided by 21 million coins," which, in turn, signifies potentially infinite growth in BTC price.📈🚀

💰 Mt. Gox has returned BTC and BCH to 19,000 out of 24,000 customers!

🇦🇪 Tether will launch a stablecoin pegged to the UAE dirham

Reportedly, each token will be fully backed by liquid reserves. Tether aims to obtain a license from the UAE Central Bank.

💲The stablecoin is being touted as an effective tool for transactions in dirhams—cross-border payments, trading, or simply diversifying digital assets.

🤝 The new asset will be launched in partnership with the technology conglomerate Phoenix Group and supported by Green Acorn Investments.

According to the BTC cycle theory, the real bull market has not yet occurred, and the price peak is expected in the fall of 2025. 🚀

However, in 2021, it was smart to sell Bitcoin at $60,000 as early as April rather than waiting for $66,000 in November. 🤔

Vitalik Buterin wrote a "bullish" post about Ethereum 🐃

“I have been told that I need to "do less philosophizing and do more ethereum bullposting,”

Buterin wrote on X, accompanying the post with an AI-generated image of a bull with a sign saying “Ethereum is good.” 👍

He added that within 3 minutes of publishing, the post had garnered more reach than a technical article of 11,700 words on the Ethereum developers' blog.

👀 Since the start of trading for the first U.S. Ethereum-based exchange-traded funds (ETFs) at the end of July, the price of ETH has dropped by about 27%, and the decrease in network transaction fees has accelerated the inflation of "Ether."

📉The dominance index of ETH in the crypto market has fallen to a four-year low of 15%, a level not seen since early 2021.

Could a "bullish" post help turn things around? 😂

A free Bitcoin faucet has launched at Eden Mall in Curaçao, providing a QR code every hour from 10:00 AM to 7:00 PM.

This code allows users to claim Bitcoin worth $5 (10,000 satoshis) directly to their balance. ☕️

🔐 The decentralized exchange SUN on the TRON blockchain is now in 6th place by Total Value Locked (TVL) with $731 million.

The leader, still far ahead of all others, is Uniswap with $4.67 billion. 🏆

🔨 94% of the total supply of BTC has already been mined, leaving 1.26 million BTC to be mined over the next 110 years or so.

Additionally, institutional investors and companies have accumulated approximately 5% of the total supply of Bitcoin. 🧐

Indian auto rickshaws are making bigger strides in crypto than your local supermarket! 😁🚀

In the Bitcoin network, there was a dramatic surge in transaction fees, rising from 0.5 BTC to 60 BTC per hour! 🙀

⛰ This spike was due to transactions involving sending BTC to staking on the new Babylon protocol.

The staking capacity was capped at 1,000 BTC, which led to a temporary frenzy. Each staking transaction cost users approximately 0.05 BTC. 💰

Once the staking limit was reached, both fees and transaction volume started to normalize.