💰 Malaysian authorities arrest seven individuals for power theft linked to bitcoin mining: report

Malaysian authorities have arrested seven individuals for allegedly conducting bitcoin mining operations involving electricity theft, according to local media reports. Bernama, the country’s national news agency, reported on Saturday that three local residents and four foreign nationals were arrested and detained separately last week on suspicion of stealing electricity to power their bitcoin mining operations.

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💰 Bitcoin stolen in $238 million breach fails to get privacy shield, returned to original address

Privacy protocol RAILGUN said the 4,064 Bitcoin stolen in a high-profile security breach on Aug. 19 did not gain any privacy benefits on its platform. The breach, one of the largest in recent memory, was first reported by on-chain sleuth ZachXBT on Aug. 19, who revealed that a suspicious transfer involving $238 million worth of BTC was made roughly 12 hours ago.

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💰 Metaplanet bolsters Bitcoin holdings with additional 57 BTC

Tokyo-listed Metaplanet said it increased its Bitcoin holdings with the additional purchase of 57.273 BTC for ¥500 million (around $3.4 million), according to an Aug. 20 statement. The Bitcoin investment firm stated that the latest purchase completes its Aug. 8 announcement to acquire ¥1 billion worth of the flagship digital asset through a loan sourced from MMXX Ventures Limited.

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💰 Mt. Gox moves over $700 million worth of bitcoin to unknown wallet: Arkham

Mt. Gox appears to have transferred 12,000 to an unknown wallet on Tuesday night, according to blockchain analytics firm Arkham. The defunct cryptocurrency exchange sent the bitcoin worth $709.44 million to wallet address “1PuQB…nWhTb” at around 11:39 p.m. UTC on Tuesday, along with a transfer of 1264.69 BTC ($74.77 million) to address “1Jbez…LAPs6” that is identified by Arkham as a cold wallet belonging to Mt. Gox. The funds have not been further transferred to other addresses yet.

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💰 CryptoQuant cites declining growth of bitcoin whale holdings as bearish indicator

The declining monthly growth rate of bitcoin whale holdings is a bearish indicator for the digital asset's price, according to onchain data provider CryptoQuant. The report said the decreased appetite of large scale bitcoin holders was a bearish market indicator. "Historically, a monthly growth rate of more than 3% in whale holdings has been associated with increasing bitcoin prices, which is not the case at the moment," CryptoQuant analysts said.

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💰 Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September

Bitcoin (BTC) is back above $61,000 after leaping 3.5% in the past 24 hours, fueled by the release of bullish Fed minutes related to the July meeting on Aug. 21. Ethereum (ETH) followed with 1.5% growth in the same period, while Solana (SOL) remained in the red for the day — down 0.6% as of press time.

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🏦 Coinbase exec confirms talks with Kamala Harris campaign on crypto policy direction

Vice President Kamala Harris‘ team has been reaching out to key players in the crypto industry as part of an effort to mend the strained relationship with the rapidly growing sector, according to Coinbase’s Chief Policy Officer, Faryar Shirzad. In an Aug. 21 post on social media platform X, Shirzad revealed that he has participated in several discussions with the Harris team, covering topics such as fostering innovation, job creation, and consumer protection in the US.

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📊 Crypto investment products saw $528 million in net weekly outflows amid recession fears: CoinShares

Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered net outflows for the first time in a month last week, totaling $528 million, according to CoinShares' latest report. The outflows were “a reaction to fears of a recession in the US, geopolitical concerns and consequent broader market liquidations across most asset classes,” CoinShares Head of Research James Butterfill said. “The price correction from Friday’s close saw $10 billion wiped off total ETP AUM.”

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💰 Bitcoin Demand Still Weak, But Stablecoin Liquidity is Increasing: CryptoQuant

Historical on-chain data shows that high bitcoin (BTC) demand often precedes price recoveries and rallies; however, this is not the case at the moment. Current market dynamics suggest that such price movements are unlikely in the near term because BTC demand growth has remained at low levels. A recent report from CryptoQuant revealed that bitcoin demand has slowed significantly since early April, when the crypto asset hovered around $70,000.

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💰 Solana daily transaction fees drop to multi-month low as memecoin hype cools

The total daily transaction fees paid on the Solana blockchain, measured in U.S. dollars, have fallen to a level not observed since early May 2024. On Monday, daily transaction fees on Solana dropped to $639,000 — representing a 65% decrease from this month's peak of $1.83 million on August 8 and an 87% decline from the all-time high of $5.08 million on March 18, according to The Block's Data Dashboard.

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🤓The Polymarket prediction service believes that the creator of Telegram will be released only in the fall, but with a 78% chance.

Meanwhile, Telegram is in the top downloads in France and according to rumors, Macron himself often uses the messenger .

🤝 @Cryptocurrency_Inside ✅

🟢 MakerDAO rebrands as Sky, unveils new USDS stablecoin and SKY governance token

MakerDAO has rebranded to Sky and announced the names of its upcoming upgraded tokens, USDS and SKY, set for September 18. The release of the names follows its recent confirmation of upgrades to its token ecosystem. The rebranding is part of MakerDAO’s “Endgame Plan,” a vision laid out by co-founder Rune Christensen aimed at transforming the structure of the DAO to enhance DeFi’s growth, accessibility, and resilience.

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💰 Nasdaq seeks SEC approval to list and trade bitcoin index options

Nasdaq, in partnership with CF Benchmarks, has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX). Regulatory approval would enable investors to manage and hedge bitcoin positions using options that track the underlying asset through the CME CF Benchmarks Bitcoin Real-Time Index (BRTI). If approved, these bitcoin options would become the first cryptocurrency derivatives cleared by the U.S. Options Clearing Corporation (OCC).

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🪙 Vitalik Buterin advocates blockchain identity for fairer crypto airdrops

Ethereum co-founder Vitalik Buterin sees crypto airdrops as a promising initial use case for blockchain-based identity frameworks. In an Aug. 28 post on X, Buterin outlined the goals of airdrops as distributing tokens to genuine community members, rewarding project contributions, and ensuring fairness. He suggested that projects could leverage ZK-based identity, credential, and attestation frameworks to achieve these aims.

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