BTC reserves on centralized exchanges have fallen to a new annual low. 📉

This might ease selling pressure and potentially trigger a retest of $60,000. 🚀

OKX has announced the upcoming listing of Hamster Kombat 🐹

📆 Spot market trading for the HMSTR token will commence on September 26.

👀 The exchange also revealed plans to launch several promotional campaigns leading up to the listing, aimed at increasing user engagement and driving participation in the Hamster Kombat ecosystem.

On August 1, Hamster Kombat (HMSTR) was listed on OKX’s pre-market futures platform before its official token launch. Additionally, trading of HMSTR began on pre-market platforms Bybit and Gate.

🇺🇸 The U.S. is intensifying its cryptocurrency regulation efforts.

📅 In September 2024, the U.S. House Committee on Financial Services will start addressing various cryptocurrency issues, including DeFi, fraud, and the actions of the Securities and Exchange Commission (SEC).

👀 The committee is set to hold multiple hearings: the first on September 10, two more on September 18, and the most notable one, with SEC Chair Gary Gensler testifying, on September 23.

A solo miner has just mined a Bitcoin block and earned nearly $200,000! 🙀

On August 29, a solo miner added block #858,978 to the Bitcoin blockchain, earning 3.275 BTC ($199,101) in block subsidy and fees. 💰

🗒 CKPool administrator Kon Kolivas noted that the user has a significant hash rate for solo mining—38 PH/s. According to Kolivas, this performance allows for mining a block approximately every four months.

Kolivas also mentioned that this marks the 291st block mined by CKPool clients, who provide services to individual miners. The pool combines clients' computational power to increase the chances of finding blocks, but the entire reward goes to the miner whose equipment solved the problem. 💻

September is just around the corner, and it's historically one of the most unfavorable months for Bitcoin. 🧐

Over the past 6 years, Bitcoin has only seen positive returns in September once (+4% last year in 2023).

When looking at the average daily performance of BTC in September, the overall picture is far from optimistic. 🤷

Will Bitcoin be able to break this negative trend this year, or are we in for another decline?

▪️ This time the trend will be broken after the Fed meeting - 🔥

▪️ We'll fall towards $40,000 - 👎

▪️ September will be boring; the price won't go too far up or down - 👀

▪️ What does it matter? By the end of the year, Bitcoin will be at $100,000 - 🐳

The arrest of Pavel Durov poses a serious threat to Telegram's financial stability, according to the Financial Times.

▪️ Legal charges against Durov in France have significantly affected Telegram's financial prospects.

▪️ The company may face challenges with its IPO plans.

▪️ Telegram's bonds, in which Durov personally invested $64 million, have dropped by 10% in value—some are even calling it a "crash."

▪️ Last year, Telegram reported a net loss of $173 million, taking into account operating expenses and taxes.

▪️ The company has secured around $2.4 billion in debt financing, which is due for repayment in 2026.

Elon Musk says he is the person who wants Tesla to bring back the ability to pay for goods with Dogecoin 😁

🇧🇷 Brazil has officially blocked 𝕏 (Twitter) due to Elon Musk's refusal to appoint a company representative in the country.

👀 Anyone caught using a VPN to access the social network will be fined up to $8,874 per day.

Daily inflows and outflows in Ethereum ETFs amounted to zero dollars 🤔

Over the past week, outflows totaled $12 million, with the total cumulative outflow since the ETF's launch reaching $477 million. 🤷

Vitalik Buterin stated that he has not sold any cryptocurrency for personal profit since 2018. 🚫💰

Instead, all of his sales have been used to support various projects he deems valuable, either within the Ethereum ecosystem or for broader charitable causes, such as biomedical research and development. 🤲

Telegram's balance sheet shows nearly $400 million in cryptocurrency

The Financial Times reports that Telegram had almost $400 million in digital assets, according to the company's filings. 💰

As of December 31, 2023, the value of these tokens was significantly higher than the company's cash and cash equivalents.🧐

The specific assets are not detailed in the documents, but Pavel Durov has publicly stated that he personally holds only Bitcoin and Toncoin. 💪

Bitcoin this summer 🤪

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While people were wondering, "Who’s selling?!", Bitcoin miners offloaded 2,655 BTC over the weekend, totaling around $154 million.

Here's why there was a sell-off: Bitcoin miners' earnings dropped to an 11-month low in August. 📉

The total profits for the month were $851.4 million, marking a $100 million decrease from July. 🧐

At the end of August, Bitcoin decreased by 8.6%, while Ethereum fell by over 22%. 📉

As is often the case, the summer season proved to be a challenging period for the cryptocurrency market. 🤷

According to Santiment, while small traders are in a panic, big players are busy stacking up Bitcoin. 🐳

In August alone, over 283 wallets crossed the 100 BTC threshold.

👀 Currently, there are 16,120 wallets holding more than 100 BTC, setting a new record for the past 17 months. The number of addresses with at least 10 BTC is also rising.

In the last 30 days, wallets with balances between 10 and 10,000 BTC have collectively accumulated more than 133,000 BTC, totaling over $7.6 billion. 🧐

Solana has seen worse declines before, but today’s trading could potentially set a new record with nine consecutive red days. 📉🤷