💰 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.

Source

🔍 More Crypto News

💰 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.

Source

🔍 More Crypto News

💰 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.

Source

🔍 More Crypto News

🏦 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.

Source

🔍 More Crypto News

📊 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.”

Source

🔍 More Crypto News

💰 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.

Source

🔍 More Crypto News

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

💰 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.

Source

🔍 More Crypto News

🤓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.

Source

🔍 More Crypto News

💰 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).

Source

🔍 More Crypto News

🪙 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.

Source

🔍 More Crypto News

🪙 Spot Ethereum ETFs end nine-day outflow streak with $5.8 million in net inflows

Spot Ethereum exchange-traded funds in the U.S. reported daily net inflows of $5.84 million on Wednesday, ending a nine-day streak of outflows. The Grayscale Ethereum Trust (ETHE) recorded a daily net outflow of $3.81 million, countered by inflows of $8.4 million into BlackRock’s spot ether fund and $1.26 million into Fidelity’s FETH, SoSoValue data showed.

Source

🔍 More Crypto News

🪙 Ethereum ETFs show positive flows after 9-day losing streak

Spot Ethereum (ETH) exchange-traded funds (ETFs) in the US registered $5.9 million in net inflows on Aug. 28 after nine consecutive days of outflows, based on Farside Investors data. Grayscale Ethereum Trust (ETHE) registered $3.8 million in outflows yesterday, the smallest amount of cash leaving the fund since the spot Ether ETFs debuted in the US on July 23.

Source

🔍 More Crypto News

💰 Bitcoin miner wallet balances continue to shrink

Bitcoin miners’ wallet balances have been on a steady decline since 2011, with the trend continuing into 2024. The first chart illustrates a significant reduction from an all-time high of over 2.5 million BTC in late 2011 to under 2 million BTC by mid-2024. This decline has been influenced by miners liquidating assets to cover operational costs, especially during periods of market volatility and post-halving events.

Source

🔍 More Crypto News