Outflows from crypto funds became the second largest this year

This indicates continued pressure on the cryptocurrency market.

From September 1 to 7, investors withdrew $726 million from cryptocurrency investment funds, more than double the previous week’s figure of $305 million, according to data provided by CoinShares.

The main reason for the ongoing negative trend, according to analysts, is the macroeconomic indicators in the U.S., which have increased expectations of a 25 basis point rate cut by the Federal Reserve. However, by the end of the week, the pace of outflows slowed, as new U.S. employment data divided market opinions regarding the Fed’s future monetary policy.

Negative sentiment in…

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Apple Unveils New iPhones with AI

Apple held a presentation of new devices, including the iPhone 16 lineup featuring the Apple Intelligence AI system.

The new generation of smartphones is designed with AI integration in mind. Key features include:

- an updated Siri capable of holding conversations, learning, recognizing speech with pauses, working across all apps, switching between them, and assisting with phone functions;
- intelligent photo search in the gallery;
- built-in emoji and image generator;
- notification prioritization and key data extraction;
- summarizing email content;
- providing information about…

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65% of Investors Hold Cryptocurrencies

This is due to the long-term growth potential.

Gemini has published a study on the adoption of cryptocurrencies. The survey included 6,000 participants from countries such as the USA, UK, France, Singapore, and Turkey.

The study results show that 65% of respondents continue to hold cryptocurrencies, believing in their long-term investment potential. Additionally, 38% of those surveyed view this asset as a hedge against inflation, highlighting its role in modern financial strategies.

The report also addressed the issue of cryptocurrency regulation. Specifically, 38% of respondents from the USA and UK, 32% from France, and nearly half of the participants…

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Bitcoin Mining Difficulty Reaches New Record

During the latest recalculation, Bitcoin mining difficulty increased by 3.58%, setting a new all-time high at 92.67 T. This indicator continues to rise amid growing interest in Bitcoin and the expansion of the network’s computational power.

The average hashrate since the previous adjustment reached 662.34 EH/s, while the block interval shortened to 9 minutes and 40 seconds, reflecting high miner activity. According to data from Glassnode, on September 8, the network’s computational power hit a record 693.9 EH/s, based on the 7-day smoothed moving average. However, this was followed by a slight correction, with the hashrate decreasing to 672.3…

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Bitcoin Hashrate Reaches a New All-Time High

- First, this indicates that the network is now at its highest level of security, reducing the risk of attacks and strengthening trust in the blockchain’s safety.
- Second, the difficulty of mining Bitcoin has also reached a record high, making the mining process increasingly demanding in terms of equipment and energy resources.

Miners must upgrade their equipment and optimize costs to remain competitive as the difficulty continues to rise. Only those who adopt cutting-edge technologies are able to maintain their position in the market.

The increase in hashrate also encourages miners to switch to renewable energy sources to…

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The trader acquired a CryptoPunk NFT for $25,000

Even though its price was $1.3 million

On September 11, an unknown user managed to purchase CryptoPunk NFT #2386 for just 10 ETH (~$24,000), despite its market value being 600 ETH (around $1.5 million).

This profitable acquisition was made possible due to the unique operation of the Niftex platform, which previously allowed expensive NFTs to be split into smaller fractions for easier purchase. CryptoPunk #2386 was locked in escrow, and ownership rights were divided into 10,000 ERC-20 tokens.

After Niftex shut down, interaction with the asset became possible exclusively through the blockchain. The user, who had been closely monitoring…

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In the spring miners began accumulating and selling their assets

This became part of their new asset management strategy in response to the changing market dynamics.

After the halving, when block rewards were reduced, miners faced the need to adapt to declining revenues. Instead of immediately selling their mined bitcoins, they opted to hold onto the assets, waiting for more favorable market conditions to sell them at a better price.

Miners’ revenues significantly decreased after the halving, worsening their financial situation. Faced with the high costs of maintaining mining equipment and operational expenses, they sought new approaches to improve profitability.

In search of a more profitable strategy, mining pools…

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The SEC Acknowledged the Absence of the Term “Crypto Asset Security”

Today, Coinbase’s Chief Legal Officer, Paul Grewal, shared a post on the social network X, revealing an amendment filed by the U.S. Securities and Exchange Commission (SEC) in the lawsuit against Binance. In this document, the SEC expressed regret for any confusion caused by its previous statements that tokens could be considered securities. This acknowledgment marks a significant moment in the ongoing legal battle between the crypto industry and regulators, as it casts doubt on the SEC’s earlier arguments regarding cryptocurrencies.

Ripple’s lawyer, Stuart Alderoty, also commented on the amendment, noting that the SEC has finally acknowledged the absence…

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Another Launchpool on BingX — AgentLayer

Add your free BTC or USDT to the pool and farm free tokens. A good opportunity to get something for free if your liquidity doesn't work for you. General info:

— Token: AGENT
— Direction: AI
— Total allocation: 6,500,000 AGENT
— Assets for staking: BTC and USDT
— Max. limit per user: 20,000 USDT | 0.35 BTC
— Staking period: September 13 - September 18

Launchpool page here

If you are still registered on the BingX exchange, you can do so using our link and get additional bonuses and discounts 😎

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India and Nigeria lead in cryptocurrency adoption rates

Chainalysis has released a ranking of countries based on their level of cryptocurrency adoption, highlighting global trends in the industry.

India and Nigeria top the list. Despite strict measures from Indian authorities against cryptocurrency exchanges, the country continues to hold its leading position. Investors are actively using foreign platforms to bypass restrictions, demonstrating a high level of engagement in the crypto market.

Indonesia ranks third, showing significant growth in the Asia-Pacific region, outpacing its neighboring countries. The number of crypto investors in the country has increased by 200% over the past year, reflecting a sharp rise in interest in…

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Binance Labs announced its investment in the RWA platform OpenEden

This highlights their interest in the tokenization of real-world assets and their integration into the crypto ecosystem.

The fund, tokenizing U.S. Treasury bonds from OpenEden, became the first and only one to receive an “A” rating from Moody’s, demonstrating its reliability and stability. This fund, the largest of its kind outside the U.S., manages assets worth $114 million, as stated in the announcement. OpenEden’s drive to expand investment opportunities through tokenization could attract more participants seeking ways to diversify their assets via blockchain.

According to Binance Research, the total capitalization of the real-world assets (RWA) segment and Treasury bonds…

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A new report from CryptoQuant

Highlights that a parabolic rise in Ethereum’s price would require an increase in funding rates in the Ethereum futures market.

The current rate is around 0.0056%, similar to the level observed in September 2023, when this rate subsequently rose to above 0.015%, according to experts.

Coinbase representatives have stated that altcoins are causing the stagnation of Ethereum. Due to significant declines in their prices, investors are finding it difficult to exit their positions, which is “slowing down” the capital that might otherwise flow into the broader Ethereum ecosystem.

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