15819
Coin Trading News: Essential source for crypto market news & analysis. Stay ahead with updates on Bitcoin and altcoins. Admin 📩 @nftmaxcoll"
🪙 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
Coin | Trading | News
💰 Nasdaq and CME Group bolster Bitcoin market with new trading options
Two prominent financial institutions in the US—Nasdaq and CME Group—have launched new Bitcoin-related products as institutional adoption of the top crypto continues. According to an Aug. 27 announcement, Nasdaq has partnered with CF Benchmarks to file with the US Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX).
Source
Coin | Trading | News
🟠 Celsius bankruptcy distributions exceed $2.5 billion to 251,000 creditors
Defunct centralized crypto lender Celsius has now distributed over $2.53 billion in liquid cryptocurrency and cash owed to its creditors — some 93% of the eligible $2.73 billion value. Roughly 251,000 of 372,000 (68%) total eligible creditors from 165 countries have now received distributions, the firm claims, with the remainder mainly involving smaller amounts, Celsius’ bankruptcy plan administrator confirmed in a status report filed late Monday.
Source
Coin | Trading | News
🪙 Ethereum trading volume and transaction count decline in August
Trading volume and daily network transactions on Ethereum have declined throughout August. The Block's Data Dashboard indicates that the seven-day moving average of daily trading volume on the Ethereum network has declined by around 55% over the past month. The seven-day moving average of daily economic throughput on the Ethereum blockchain in U.S. dollar terms fell from $6.56 billion on July 26 to $2.9 billion today.
Source
Coin | Trading | News
💰 Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during this period.
Source
Coin | Trading | News
💰 Bitcoin accumulation addresses see steady rise
Bitcoin’s accumulation addresses have experienced a notable decline in 2024. Historically, these addresses steadily increased, reflecting long-term holder confidence as Bitcoin’s price appreciated over the past decade. By 2022, accumulation addresses almost surpassed 800,000, growing further in 2023 to a peak of around 846,000 at the start of 2024.
Source
Coin | Trading | News
🟢 MakerDAO unveils revamped stablecoin and governance tokens
MakerDAO introduced new upgraded versions of its DAI stablecoin and the MKR governance token, called NewStable (NST) and NewGovToken (NGT), respectively. According to the Aug. 22 announcement, upgrading to the new tokens is optional, and they will not make DAI and MKR obsolete — both will continue to be available as before unless the protocol’s governance decides otherwise.
Source
Coin | Trading | News
🪙 US-traded spot Ethereum ETFs amass $2 billion in inflows
Spot Ethereum (ETH) exchange-traded funds (ETFs) inflows surpassed $2 billion in nearly four weeks, when excluding Grayscale’s ETHE outflows of nearly $2.5 billion, based on Farside Investors’ data. ETF Store CEO Nate Geraci highlighted that if this cumulative value is considered under one ETF, it would equate to the fourth-largest ETF launch to date.
Source
Coin | Trading | News
🥇 Bitcoin miner Bitfarms to acquire Stronghold Digital in $175 million equity and debt deal
Bitcoin mining company Bitfarms (ticker: BITF) has agreed to acquire rival Stronghold Digital (ticker: SDIG) in a $175 million stock and debt-financed deal. Both firms’ boards of directors “unanimously approved” the buyout, which is expected to close in the first quarter of 2025. Both companies will merge their stocks in a $125 million equity transaction, and Bitfarms will assume $50 million worth of Stronghold’s debt.
Source
Coin | Trading | News
💰 Bloomberg analyst sees bleak future for Solana ETFs amid current SEC climate
Chances of a Solana (SOL) exchange-traded fund (ETF) being approved in the US this year are equal to “a snowball’s chance in hell” unless there is a change in leadership in SEC leadership, according to senior Bloomberg ETF analyst Eric Balchunas. Balchunas highlighted in an Aug. 20 social media post that the 19b-4 forms filed for Solana ETFs by the Chicago Board Options Exchange (Cboe) were never acknowledged by the SEC. Thus, Cboe withdrew the forms, although the S-1 forms filed by the issuers are still active.
Source
Coin | Trading | News
💰 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.
Source
Coin | Trading | 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
🐶 After famous Notcoin, Telegram organized new airdrop among users: #DOGS!
Your airdrop depends on
⚫ Account age
⚫ Telegram premium sub
⚫ OG status
Check and claim your #DOGS here
You can sell your tokens on Bitget premarket, price is around $0.01!
And it will be listed on OKX on the 20.th this month.
💰 Trump’s $499 Bitcoin-themed sneakers sell out swiftly, resell prices spike to $2500
Former US president Donald Trump’s Bitcoin-themed sneakers have already sold out, according to the Trump Sneakers website. Launched on July 31, the 1,000 pairs of the bright orange version of the Bitcoin-themed sneakers were priced at $499 per pair for pre-order and, within a few hours of their release, were all sold out. The site also offers several other sneaker models, including black high-tops, priced at $299, and orange low-tops, also at $299.
Source
Coin | Trading | News
🪙 QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin
Ethereum is anticipated to experience significantly larger price swings than bitcoin in the future, as reflected in the higher options volatility premium for the second-largest asset by market capitalization. "The volatility premium of Ethereum to bitcoin has widened to about 8% for the longer tenor expiries, up from 4% last week," QCP Capital analysts said. QCP Capital analysts also expressed a preference for accumulating Ethereum, noting its cost-effective spot price when considering the rise in the asset's implied volatility.
Source
Coin | Trading | 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
🌟 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
🇷🇺 Russia Set to Launch Crypto Payment Trials Next Week, Report
Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and regulate digital tokens for cross-border transactions under the central bank’s oversight.
Source
Coin | Trading | 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
🇺🇸 US Court Denies Kraken's Motion to Dismiss SEC Crypto Securities Lawsuit
The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed.
Source
Coin | Trading | News
💰 JPMorgan lowers bitcoin mining stock targets amid price drop and rising hashrate
JPMorgan has downgraded price targets for bitcoin miners to reflect second-quarter results and other company-specific announcements, such as fleet efficiency improvements and hashrate targets. The decline in price targets is primarily due to a drop in bitcoin prices since the last model update, reducing the spot bitcoin price assumption from $68,000 to $60,000, according to an analyst report from the investment bank released Friday.
Source
Coin | Trading | News
💰 One Bitcoin now buys over 10,000 Big Macs, up from just 51 in 2015
Bitcoin’s purchasing power, as measured by the Big Mac Index, has significantly increased over the past decade. In 2024, one Bitcoin can buy approximately 10,500 Big Macs, a substantial 20,488% rise from just 51 Big Macs in 2015. This growth highlights Bitcoin’s dramatic appreciation in value relative to a consumer staple like the Big Mac.
Source
Coin | Trading | News
JUST IN: 🇩🇪 German authorities seize 13 Bitcoin ATMs and nearly €25 million in cash in a crackdown on operators allegedly violating KYC/AML laws
🤝 @Cryptocurrency_Inside ✅
💰 El Salvador launches Bitcoin training for 80,000 public servants
El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin training and certification program for 80,000 public servants. In an Aug. 20 statement, ONBTC confirmed that Bitcoin education is now a vital component of a governance initiative designed for public sector employees. This program is part of the Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in 2021 to elevate governance standards.
Source
Coin | Trading | News
💰 BlackRock’s IBIT boosts Bitcoin ETFs with $92.7 million inflow, total now $20.5 billion
Data from Farside shows that Bitcoin ETFs experienced a net inflow of $62.1 million, marking the largest since Aug. 8. The primary contributor to this surge is BlackRock’s IBIT, which alone attracted an impressive $92.7 million, bringing its total net inflow to a staggering $20.48 billion. Fidelity also saw a modest inflow of $3.9 million. However, not all Bitcoin ETFs performed positively—Bitwise’s BITB and Galaxy Invesco’s BTCO were the only issuers to experience outflows, losing $25.7 million and $8.8 million, respectively.
Source
Coin | Trading | News
📊 Franklin Templeton files S-1 application for crypto index ETF offering BTC, ETH exposure
Franklin Templeton has filed an S-1 application with the US Securities and Exchange Commission (SEC) to launch a crypto index exchange-traded fund (ETF). According to the Aug. 16 filing, the proposed fund — dubbed “Franklin Crypto Index ETF” — aims to offer investors exposure to the performance of Bitcoin and Ethereum through a regulated financial product.
Source
Coin | Trading | News
JUST IN: 💰 Morgan Stanley reports owning 5.5 million shares in BlackRock spot #Bitcoin ETF as of June 30 in SEC filing
Morgan Stanley is now a top 5 holder of BlackRock's Bitcoin ETF
✈️@CryptoWorldNews🌐
🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.
He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season.
What’s your prediction for Solana’s price?
🌚 - $180
❤️ - $250
⚡️ - $350
🐳 - $500
🤝 @Cryptocurrency_Inside ✅
🪙 Tether generates a record $5.2 billion profit in first half of the year
Leading stablecoin firm Tether released its latest quarterly attestation Wednesday, reporting a record net profit of $5.2 billion for the first half of 2024. The company also reached a net operating profit of $1.3 billion in the second quarter, largely due to its yield-bearing investments and reserves, according to its press release. The attestation was conducted by BDO, a global independent accounting firm.
Source
Coin | Trading | News
💰 Solana overtakes Ethereum in weekly fee revenue for the first time
Solana surpassed Ethereum in total fees and MEV tips for the first time in a weekly timeframe since its launch. According to Blockworks Research, Solana generated approximately $25 million in revenue during the week of July 22, edging out Ethereum’s $21 million. SOL was trading at $185.8 as of press time amid the wider market downturn after hitting a high of $193.8 earlier in the day, based on CryptoSlate data.
Source
Coin | Trading | News