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CoinMarketCap Announcements

Ethereum's Gas Fee Plunges to Under 1 Gwei, Analysts Suggest Bottom is Near
https://coinmarketcap.com/academy/article/ethereums-gas-fee-plunges-to-under-1-gwei-analysts-suggest-bottom-is-near

Ethereum (ETH), the second-largest cryptocurrency by market cap, is witnessing a significant drop in gas fees amidst lackluster user activity, reaching their lowest levels in years.

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CoinMarketCap Announcements

Glassnode: Short-Term Holders’ “Overreaction” Led to Bitcoin’s Sharp Drop
https://coinmarketcap.com/academy/article/glassnode-short-term-holders-overreaction-led-to-bitcoins-sharp-drop

Glassnode analysts attribute the August 5 Bitcoin (BTC) crash, which saw BTC plummet by over 15% to a six-month low of $49,050, to an "overreaction" by short-term holders.

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CoinMarketCap Announcements

Tron's Sundog Meme Coin Soars Amid Launch of Justin Sun’s SunPump
https://coinmarketcap.com/academy/article/trons-sundog-meme-coin-soars-amid-launch-of-justin-suns-sunpump

MediaTron's meme coin, Sundog (SUNDOG), has gained significant attention since its launch on August 15.

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CoinMarketCap Announcements

Coinbase: Young Crypto Voters Split Between Democrats and Republicans
https://coinmarketcap.com/academy/article/coinbase-young-crypto-voters-split-between-democrats-and-republicans

MediaAccording to a research by Coinbase, in key swing states crucial for the 2024 U.S. presidential election, young crypto holders under 35 are almost evenly split.

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CoinMarketCap Announcements

Bitcoin Struggles Despite Strong Macroeconomic Data
https://coinmarketcap.com/academy/article/bitcoin-struggles-despite-strong-macroeconomic-data

MediaBitcoin (BTC) gained over 6% between August 12 to 13, only to reverse these gains after failing to maintain levels above $60,000, falling to as low as $56,000.

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CoinMarketCap Announcements

#CMCLive: Weekly Crypto Forecast 🎙️

📍 Set Reminder & Tune in:
https://coinmarketcap.com/community/post/338715152/

This Week's Hot Topics 🔥

🔹 TON on Binance: Exploring the ecosystem's growth.
🔹 XRP leads recovery post-SEC case conclusion.
🔹 Bitcoin traders: Watch the strengthening Japanese Yen.

... and more!

Exclusively on CMC Live 😉

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CoinMarketCap Announcements

Solana-based Dogwifhat Faces Sharp Decline Amid Memecoin Market Slump
https://coinmarketcap.com/academy/article/solana-based-dogwifhat-faces-sharp-decline-amid-memecoin-market-slump

MediaDogwifhat (WIF), the fourth-largest memecoin by market capitalization,is facing a significant selloff, and has nearly erased its recent V-shaped recovery following the August 5 market crash.

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CoinMarketCap Announcements

Donald Trump Discloses Millions of Dollars Worth of Ethereum Holdings
https://coinmarketcap.com/academy/article/donald-trump-discloses-millions-of-dollars-worth-of-ethereum-holdings

MediaUS presidential candidate and former president Donald Trump reportedly holds over a million dollars in Ethereum (ETH), according to a financial disclosure obtained by Citizens for Ethics

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CoinMarketCap Announcements

Franklin Templeton Files for ‘EZPZ’ Crypto Index ETF Offering Exposure to BTC and ETH
https://coinmarketcap.com/academy/article/franklin-templeton-files-for-ezpz-crypto-index-etf-offering-exposure-to-btc-and-eth

MediaFranklin Templeton, a leading asset management firm, has filed a proposal with the Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF).

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CoinMarketCap Announcements

Vitalik Buterin Donates $532K to Animal Welfare from Memecoins Sent to His Wallet
https://coinmarketcap.com/academy/article/vitalik-buterin-donates-dollar532k-to-animal-welfare-from-memecoins-sent-to-his-wallet

Memecoins, typically featuring dogs, cats, and other creatures, have frequently been sent to Buterin’s wallet without his consent.

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CoinMarketCap Announcements

BlackRock Overtakes Grayscale by AUM for Listed Crypto Products
https://coinmarketcap.com/academy/article/blackrock-overtakes-grayscale-by-aum-for-listed-crypto-products

According to CoinShares’ Head of Research, James Butterfill, BlackRock surpassed Grayscale in assets under management (AUM) for publicly-listed crypto products faster than anticipated.

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CoinMarketCap Announcements

Bitcoin Struggles to Gain Bullish Momentum Amid Market Uncertainty
https://coinmarketcap.com/academy/article/bitcoin-struggles-to-gain-bullish-momentum-amid-market-uncertainty

Bitcoin (BTC) has been unable to break through the $62,000 mark while maintaining support at $58,000.

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CoinMarketCap Announcements

Solana Meme Coin GIGA Surges After Endorsements from Gigachad Meme Figure
https://coinmarketcap.com/academy/article/solana-meme-coin-giga-surges-after-endorsements-from-gigachad-meme-figure

Solana-based meme coin Gigachad (GIGA) saw a 15% spike after the meme's iconic figure, Ernest Khalimov, endorsed it on Instagram.

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CoinMarketCap Announcements

Coinbase Announces New Wrapped Bitcoin cbBTC on Base Network
https://coinmarketcap.com/academy/article/coinbase-announces-new-wrapped-bitcoin-cbbtc-on-base-network

Coinbase has announced plans to launch cbBTC, a wrapped version of Bitcoin, on its Base network

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CoinMarketCap Announcements

U.S. Moves $600M in Seized Silk Road Bitcoin to Coinbase Wallet
https://coinmarketcap.com/academy/article/us-moves-dollar600m-in-seized-silk-road-bitcoin-to-coinbase-wallet

The U.S. government recently transferred nearly $600 million worth of Bitcoin (BTC), seized from the Silk Road dark web marketplace, to a wallet associated with Coinbase Prime.

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CoinMarketCap Announcements

Solana-based Drift Protocol Launches BET Prediction Market, Challenging Polymarket
https://coinmarketcap.com/academy/article/solana-based-drift-protocol-launches-bet-prediction-market-challenging-polymarket

Solana-based perpetual decentralized exchange Drift Protocol unveiled BET, which stands for Bullish on Everything, a prediction market platform.

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CoinMarketCap Announcements

Bitcoin Struggles to Match Gold's Record Highs Amid Market Uncertainty
https://coinmarketcap.com/academy/article/bitcoin-struggles-to-match-golds-record-highs-amid-market-uncertainty

MediaSeen as a long-term store of value, Bitcoin (BTC) has mirrored gold's performance in the past. However, this isn’t the case now.

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CoinMarketCap Announcements

Tether Launches USDT on Aptos Blockchain For Lower Transaction Fees
https://coinmarketcap.com/academy/article/tether-launches-usdt-on-aptos-blockchain-for-lower-transaction-fees

MediaTether has introduced USDT on the Aptos blockchain, aiming to reduce transaction costs significantly.

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CoinMarketCap Announcements

VanEck’s Head of Research: Solana ETF Still in the Works Despite Cboe Filing Removal
https://coinmarketcap.com/academy/article/vanecks-head-of-research-solana-etf-still-in-the-works-despite-cboe-filing-removal

MediaDespite the removal of Cboe Global Markets’ regulatory filing to list the Solana (SOL) exchange-traded fund (ETF), global asset manager VanEck's plans for a Solana fund remain active.

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CoinMarketCap Announcements

[CMC Live] Another in-depth Technical Analysis with MM Crypto

📍 Set Reminder at: https://coinmarketcap.com/community/post/339050915/

🔥 Learn how to use the best tools, spot key trends, and confidently navigate the charts.

🎙️ Exclusive on #CMCLive

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CoinMarketCap Announcements

What Happened in Crypto Today: Altcoins Seem To Be Taking Over…
https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-altcoins-seem-to-be-taking-over

MediaFrom Bitcoin losing its dominance to Coinbase suggesting AI crypto wallets, here is a 4-minute breakdown of everything important that happened in crypto today.

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CoinMarketCap Announcements

Coinbase CEO Brian Armstrong: AI LLMs like ChatGPT Should Have Crypto Wallets
https://coinmarketcap.com/academy/article/coinbase-ceo-brian-armstrong-ai-llms-like-chatgpt-should-have-crypto-wallets

MediaCEO Brian Armstrong highlighted the potential of large language models (LLMs), like OpenAI’s ChatGPT and Google’s Gemini, to handle finance-related tasks.

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CoinMarketCap Announcements

Analyst Predicts Bitcoin Dominance Unlikely to Reach Previous Highs
https://coinmarketcap.com/academy/article/analyst-predicts-bitcoin-dominance-unlikely-to-reach-previous-highs

MediaBenjamin Cowen, founder of Into The Cryptoverse, doubts that Bitcoin (BTC)’s market dominance will return to its December 2020 levels, before the asset's price surged dramatically.

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CoinMarketCap Announcements

CMC NARRATIVES: SOLANA
This week's narrative on Solana: Pump(.)fun faces backlash, Solana’s stablecoin supply is up +46% in five months, Binance Labs supports Solayer for restaking, and Hivemapper rewards over $11M...

Continue Reading:
https://coinmarketcap.com/academy/article/in-solana-this-week-the-people-vs-pumpfun-pyusd-goes-brrrr

Track the larger Solana on our New Narratives Page:
https://coinmarketcap.com/view/solana-ecosystem

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CoinMarketCap Announcements

Sygnum Predicts Limited Demand for Solana ETFs Among US Investors
https://coinmarketcap.com/academy/article/sygnum-predicts-limited-demand-for-solana-etfs-among-us-investors

Katalin Tischhauser, head of investment research at Sygnum crypto bank, believes that Solana exchange-traded funds (ETFs) are unlikely to attract significant interest from US investors.

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CoinMarketCap Announcements

ETH's Price Recovery Faces Potential Downside Risks, According to Analysts
https://coinmarketcap.com/academy/article/eths-price-recovery-faces-potential-downside-risks-according-to-analysts

Ethereum (ETH), the second-largest cryptocurrency, has seen a 3.2% drop over the past week and is currently trading at $2,590.

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What Happened in Crypto Today: Meme Coin FOMO Is Hitting the Market Again? Market Analysis
https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-meme-coin-fomo-is-hitting-the-market-again-market-analysis

From the US moving $600M in Bitcoin to TON going parabolic, here is a 4-minute breakdown of everything important that happened in crypto today.

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CoinMarketCap Announcements

Toncoin Surges Following Listing on Binance Launchpool
https://coinmarketcap.com/academy/article/toncoin-surges-following-listing-on-binance-launchpool

Toncoin (TON) has seen a significant price surge over the past week, gaining 19.2% and reaching its highest levels in nearly a month.

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CoinMarketCap Announcements

Morgan Stanley Reveals $188M Holding in BlackRock's Bitcoin ETF
https://coinmarketcap.com/academy/article/morgan-stanley-reveals-dollar188m-holding-in-blackrocks-bitcoin-etf

Morgan Stanley, a major U.S. investment bank, disclosed holding approximately $188 million in shares of BlackRock’s iShares Bitcoin Trust ETF as of June 30.

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3AC Liquidators Seek $1.3B from Terraform Labs After Terra Collapse
https://coinmarketcap.com/academy/article/3ac-liquidators-seek-dollar13b-from-terraform-labs-after-terra-collapse

Liquidators of the failed crypto hedge fund Three Arrows Capital (3AC) filed a claim in Delaware federal court on August 9, and are seeking $1.3 billion in damages from Terraform Labs.

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