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Official newscryp.to channel Only last news about bitcoin, blockchain, decentralization and crypto currencies! @CryptoNews
QCP: September is typically a bearish month not just for crypto but across all asset classes. October, however, has the strongest bullish seasonality, with BTC showing positive returns and an average gain of 22.9% in 8 out of the last 9 Octobers. This seasonality play could explain the consistent call buying in the vol market. — link
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In the past 24h, Ethereum's Pumpfun-like platform Ethervista consumed about 150 ETH in gas fees. The first token VISTA once rose more than 15x. The first and third largest holders of VISTA are controlled by the same person, who spent 10.5 WETH to buy 79,070 VISTA on September 1, and sold 42,100 VISTA in the past two days, earning 170.39 WETH, a profit of more than 16x. — link
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In a recent video, Cardano founder Charles Hoskinson criticized Bitcoin for not innovating and saying that it might gradually lose its market position. Bitcoin supporter Tuur Demeester pointed out that over the past three years, ADA's market share has dropped from 10% of Bitcoin to just 1% and fallen out of the top ten, with ADA prices down 89.2% from ATH in September 2021. — link
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JUST IN: 🚨 FTX will start repaying $16B to creditors in Q4 2024 👀
Will this be bullish for #Bitcoin?
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JUST IN: 🇶🇦 Qatar officially introduces regulatory framework for digital assets.
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NEW: 🟠 Bitcoin miners sold 2,655 $BTC in the last two days 👀
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NEW: 🟠 $6B in shorts will be liquidated when #Bitcoin hits $65K 👀
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VC Monthly Report in August, Number of Financing Decreases by 1%, Amount Decreases by 22%
Bitfarms will acquire its competitor Stronghold Digital for $175 million in stock and debt. PIP Labs, the developer of the Layer1 IP blockchain Story Protocol, announced it has completed an $80 million Series B funding round led by a16z crypto. Read more — link
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Vitalik published an article discussing a modern computing trend characterized by dividing tasks into "business logic" and "expensive work," managed through a "glue and coprocessor" architecture. This structure separates general, less intensive tasks handled by the glue, and specific, highly intensive tasks managed by coprocessors, enhancing efficiency. This architecture optimizes performance while maintaining security and openness, benefiting fields like cryptography and making computing more accessible and modular. — link
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Binance previously announced that it has completed the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). The community criticized that the total token supply increased from 90 million to 360 million, and 1 FRONT = 1 SLF was still retained. The value held by users was diluted by 75% relative to the total supply. — link
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Daniel, the first investor of the recently popular AAA game Black Myth Wukong, said: I have seen a lot of game industry entrepreneurs working on Web3 after Web3 came out, and I will never invest in those people. First of all, they don’t love games, so how can they make good games? — link
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Last week (August 26 to August 30, EST), Ethereum spot ETFs had a net outflow of $12.6 million. Grayscale ETF ETHE had a net outflow of $27.86 million, BlackRock ETF ETHA had a net inflow of $8.4 million, and Grayscale mini ETH had a net inflow of $3.57 million. — link
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The United States will release multiple employment data this week, including the August non-farm payrolls report and the August unemployment rate data. In addition, the United States will release the July JOLTS job vacancies and the August ADP employment report this week. These data will affect the extent of subsequent interest rate cuts this year. — link
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U.S. SEC Commissioner Mark T Uyeda said at an event in South Korea that the SEC needs to create a dedicated S-1 registration form for digital asset securities. The SEC should clarify which digital assets fall into the category of securities and consider the practices of other jurisdictions around the world in future rulemaking. — link
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Greekslive: Since September 2, the Bitfinex lending market has continued to see opportunities with annualized interest rates of more than 20% over the past 10 hours. Meanwhile, BTC long positions have increased by a net 3,000 since August 28th. Greens lending rates and long positions have always been an over-the-top indicator for bulls. — link
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🇺🇸 Kamala Harris wants to have full control to censor all social media platforms 👀
Bitcoin and Nostr are censorship resistant ✊
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JUST IN: 🇹🇷 Turkey officially submits application requesting to join BRICS❗️
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JUST IN: $100 billion asset manager VanEck predicts Bitcoin could reach $2.9 million per coin by 2050.
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Looking at "unique contracts" deployed, most unique contracts on Base were created recently, with >1.2M in July and >650K in August — link
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The Japanese Financial Services Agency issued tax reform requirements for fiscal year 2025, specifically mentioning the tax treatment of virtual currency transactions for the first time. Many investors have called for the current maximum tax rate of 55% for cryptocurrencies to be changed to a unified 20% single tax rate. — link
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“Pretty soon, $44 billion won’t be worth that much anyway.”
- Elon Musk on fiat money
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QCP: Historically, September seasonality is bearish with 6 of the last 7 Septembers in the red and with an average return of- 4.5% (which would take us to ~55k if we see the same this month). We expect BTC to find strong support around 54k which is the level it bounced from in July before touching 70k. — link
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According to CoinShares, digital asset investment products saw a total net outflow of $305 million last week. Bitcoin saw outflows of $319 million. Ethereum saw outflows of $5.7 million, with trading volume stagnating. Solana saw inflows of $7.6 million. Blockchain stocks saw inflows of $11 million. — link
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Cardano shifts to decentralized governance as Chang hard fork goes live — link | tl;dr
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Last week (August 26 to August 30, Eastern Time), Bitcoin spot ETFs had a net outflow of $277 million. The Bitcoin spot ETFs with the largest net outflows last week were Ark Invest and 21Shares' ETF ARKB, with a weekly net outflow of $220 million. Grayscale ETF GBTC had a weekly net outflow of $119 million. — link
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Bitcoin miners' revenue in August hit a new low this year, generating a total of $851.36 million, a decrease of $99.75 million from July, and a decrease of $4.14 million from the previous month in on-chain fees. Foundry USA mined 1,248 blocks, accounting for 29.10%, and Antpool mined 1,074 blocks, accounting for 25.04%. — link
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It’s all going to zero against Bitcoin
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