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...
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https://coinmarketcap.com/academy/article/in-solana-this-week-the-people-vs-pumpfun-pyusd-goes-brrrr
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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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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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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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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.
Bitcoin Miners Sells BTC Struggle Amid Price Drop and Rising Difficulty
https://coinmarketcap.com/academy/article/bitcoin-miners-sells-btc-struggle-amid-price-drop-and-rising-difficulty
Bitcoin miners are facing challenges as Bitcoin's price drops and mining difficulty increases.
Bitcoin Reclaims Key $60,000 Level Ahead of CPI Data Release
https://coinmarketcap.com/academy/article/bitcoin-reclaims-key-dollar60000-level-ahead-of-cpi-data-release
Bitcoin (BTC) traded back above the $60,000 mark, gaining 2.9% over the past 24 hours to reach $61,100 at the time of writing.
Grayscale Predicts Growth in Crypto ETFs with New Asset Types
https://coinmarketcap.com/academy/article/grayscale-predicts-growth-in-crypto-etfs-with-new-asset-types
According to Dave Lavalle, Grayscale Investments' global head of ETFs, the cryptocurrency exchange-traded fund (ETF) market is set to expand.
Ethereum ICO Whale Offloads $154M in ETH to Exchange
https://coinmarketcap.com/academy/article/ethereum-ico-whale-offloads-dollar154m-in-eth-to-exchange
An Ethereum (ETH) whale has been dumping significant amounts of Ether, with a recent $13.2 million deposit to the OKX exchange.
What Happened in Crypto Today: Bitcoin's Already Hit the Local Bottom? Market Analysis
https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-bitcoins-already-hit-the-local-bottom-market-analysis
From Ripple launching a new stablecoin to Sahm rule hitting the 0.5% increase, here is a 4-minute breakdown of everything important that happened in crypto today.
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Former BOJ Board Member: BOJ Likely To Hold Off on Rate Hikes This Year
https://coinmarketcap.com/academy/article/former-boj-board-member-boj-likely-to-hold-off-on-rate-hikes-this-year
The Bank of Japan (BOJ) will refrain from raising its benchmark interest rate again this year, following the economic disruption caused by its recent unexpected hike.
Celsius Sues Tether for $3.5B Over Dispute During Celsius’ Bankruptcy Proceedings
https://coinmarketcap.com/academy/article/celsius-sues-tether-for-dollar35b-over-dispute-during-celsius-bankruptcy-proceedings
Bankrupt crypto platform Celsius has filed a lawsuit against Tether.
Vultisig Selected as New Incubatee of CMC Labs, CoinMarketCap's Web3 Accelerator Program
https://coinmarketcap.com/academy/article/vultisig-selected-as-new-incubatee-of-cmc-labs-coinmarketcaps-web3-accelerator-program
CMC Labs has selected 'Vultisig' in its CMC Labs Accelerator Program as an Incubatee. This partnership will accelerate Vultisig's access to strategic resources and an experienced Crypto Community to get feedback while further enhancing a new wallet standard every day, which Vultisig is aiming for. This collaboration marks a significant step in fostering innovation and growth within the cryptocurrency ecosystem.
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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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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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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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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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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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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Grayscale Launches Investment Fund for MakerDAO's MKR Token
https://coinmarketcap.com/academy/article/grayscale-launches-investment-fund-for-makerdaos-mkr-token
Grayscale Investments has introduced a new investment fund focused on MakerDAO's governance token, MKR.
Glassnode: Bitcoin Accumulation Rises Amid Market Uncertainty
https://coinmarketcap.com/academy/article/glassnode-bitcoin-accumulation-rises-amid-market-uncertainty
Signs of renewed accumulation are emerging among Bitcoin (BTC) holders, according to Glassnode.
Marathon Digital's $250M Funding Plan Raises Industry Concern
https://coinmarketcap.com/academy/article/marathon-digitals-dollar250m-funding-plan-raises-industry-concern
Marathon Digital Holdings, one of the leading Bitcoin mining companies, has announced a $250 million private offering of convertible senior notes, sparking industry debate.
Bernstein: Kamala Harris Campaign May Impact Bitcoin Prices
https://coinmarketcap.com/academy/article/bernstein-kamala-harris-campaign-may-impact-bitcoin-prices
According to a Bernstein report, the rising odds of Kamala Harris winning the US presidential elections is potentially affecting Bitcoin's recent price dip.
Bitcoin Bounces Back from $58,000 Amid Pause in Institutional Buying
https://coinmarketcap.com/academy/article/bitcoin-bounces-back-from-dollar58000-amid-pause-in-institutional-buying
Bitcoin (BTC)'s price fell below $58,000 on Monday morning as institutional investors seemed to pause their buying spree.
Pump.fun’s Latest Update Rewards Successful Meme Coin Launches With 0.5 SOL
https://coinmarketcap.com/academy/article/pumpfuns-latest-update-rewards-successful-meme-coin-launches-with-05-sol
Pump.fun, a platform for creating meme coins, has announced a new update that rewards users for launching successful tokens.
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Ripple Begins Private Beta of New Stablecoin RLUSD on Blockchain and Ethereum
https://coinmarketcap.com/academy/article/ripple-begins-private-beta-of-new-stablecoin-rlusd-on-blockchain-and-ethereum
Ripple announced today that it has started the private beta testing of its new stablecoin, Ripple USD (RLUSD), on its own blockchain and Ethereum.
Bitcoin Signals Potential Bottom as Market Indicators Turn Bullish
https://coinmarketcap.com/academy/article/bitcoin-signals-potential-bottom-as-market-indicators-turn-bullish
According to recent analysis on CryptoQuant, Bitcoin (BTC) is showing signs of hitting a "local bottom" in the recent early August sell-off.
What Happened in Crypto Today: ‘Largest Airdrop in the History of Crypto’? Market Analysis
https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-largest-airdrop-in-the-history-of-crypto-market-analysis
MediaFrom Bitcoin hitting $62K to Brazil giving Solana ETF the green light, here is a 4-minute breakdown of everything important that happened in crypto today.