Fidelity FBTC had a net outflow of $19.8 million, and Bitwsie's BITB had a net outflow of $18.1 million
Fidelity's FBTC and Bitwise's BITB both experienced net outflows, with $19.8 million and $18.1 million, respectively. Overall, the U.S. Bitcoin spot ETF reported a net outflow of $99.3 million, although data for BlackRock's IBIT has not yet been released.
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Grayscale GBTC had a net outflow of US$77 million and ETHE had a net outflow of US$41.7 million
Grayscale's GBTC and ETHE experienced net outflows of $77 million and $41.7 million, respectively. Conversely, the Grayscale Mini BTC ETF saw a net inflow of $15.6 million, while the Mini ETH ETF had a net inflow of $2.4 million.
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Cardano Founder Charles Hoskinson Raises Concerns Over U.S. Treasury Holding 19% of BTC Supply
Bitcoin as a 🇺🇸 US Reserve Asset Is “great for [its] price” but poses significant risks, warned Charles Hoskinson. The Cardano founder voiced concerns that the prospect of the US Treasury holding 19% of the BTC supply raises serious centralization concerns.
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Justin Sun Transfers $30.3 Million in BTC to Binance and New Wallet
According to Spot On Chain, Justin Sun transferred 500 BTC ($30.3 million) to a Binance deposit address and 513.4 BTC ($31.2 million) to a new wallet about an hour ago. Since the beginning of 2024, Sun has deposited a net total of 2,969 BTC ($164 million) into HTX and Binance, with an average price of $55,185.
Earlier in February, Sun disclosed holding 28,614 BTC in his HTX account and later mentioned negotiations with the German government for over-the-counter BTC purchases, stating he had not bought BTC at the $69,000 level.
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Polymarket Data Shows Kamala Harris Leading Trump by 6% in Upcoming Presidential Election
According to data from the decentralized prediction market platform Polymarket, as reported by Jinse Finance, Vice President Kamala Harris is currently leading former President Donald Trump by 6% in predictions for the upcoming presidential election.
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Aave Sees Record Liquidations Near $300 Million Amidst ETH Drop
According to the latest data from IntoTheBlock, Aave has experienced the largest liquidation event in its history over the past week, with nearly $300 million in assets being liquidated. This surge in liquidations is primarily due to a 25% drop in ETH, affecting loans collateralized by wrapped stETH. Despite the turmoil, the protocol remains robust, adding $6 million in profit to the Aave DAO.
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Supply of USDT and USDC Surges, Tether Hits All-Time High Market Cap
Over the past week, the supply of USDT and USDC has increased by nearly $3 billion. Tether's market cap has reached a record high of over $115 billion, while Circle's USDC market cap has risen to $34.5 billion, the highest level since March 2023.
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Wintermute transferred a total of 14.094 million ARB to Binance in the past 24 hours, equivalent to approximately US$7.93 million
Wintermute deposited a total of 14.094 million ARB (approximately 7.93 million US dollars) into Binance.
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ETH falls below $2,600
ETH fell below US$2,600 and is now trading at US$2,599.33, with a 24-hour increase of 1.49%. The market fluctuates greatly, so please control risks.
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Former Twitter chairman accuses Elon Musk of defaulting on more than $20 million worth of stock
Omid Kordestani, the former chairman of Twitter (now known as Omid Kordestani, who served as Twitter's executive chairman from 2015 to 2020 and served on the board for two more years until Musk acquired the platform for $44 billion, said in the complaint that most of his compensation was in stock, but Elon Musk But refused to pay for the shares.
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In the past week, more than $1.7 billion of BTC was transferred from the cryptocurrency exchange
According to the latest data from IntoTheBlock, more than 28,000 BTC (worth more than $1.7 billion) have been transferred from cryptocurrency exchanges in the past week, which is the largest capital outflow so far in 2024.
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Bitcoin long-term holders recently purchased more than 184,500 BTC
According to data disclosed by Bitcoin Magazine, during the recent market correction period, long-term Bitcoin holders purchased more than 184,500 BTC, worth about $11.1 billion.
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Harris leads Trump in three key states in the United States, with a support rate of 50% to 46%
The New York Times/Siena poll shows that U.S. Vice President Harris is ahead of former U.S. President Trump in three key states, with a support rate of 50% to 46%.
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CME Federal Reserve observation: The probability of the Federal Reserve shating interest rates by 50 basis points in September is 49%
According to CME "Fedral Reserve Watch" data, the probability of the Federal Reserve sut of interest rates by 25 basis points in September is 51%, and the probability of interest rates cuts by 50 basis points is 49%.
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USDC circulation increased by about 1.6 billion in the past week, bringing the total circulation to 34.5 billion
Circle issued approximately $3.9 billion USDC and redeemed around $2.3 billion USDC, resulting in a net increase of about $1.6 billion in circulation. Currently, the total circulation of USDC stands at $34.5 billion. The reserve for USDC amounts to $34.6 billion, with about $4.5 billion in cash and $30.1 billion held in the Circle Reserve Fund.
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An address holding 190 BTC was activated after being dormant for 11.4 years
an address holding 190 BTC (worth approximately $11,490,704) was activated 5 hours ago after being dormant for 11.4 years, and was worth only $12,125 at the time.
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London High Court Orders Global Asset Freeze on Onecoin Co-Founder Ruja Ignatova
The London High Court has imposed a global asset freeze on Ruja Ignatova, co-founder of the Onecoin cryptocurrency scam, and her associates. This move follows lawsuits from over 400 investors who lost millions in the Onecoin fraud. The asset freeze aims to halt the further movement of Ignatova's wealth and may assist victims in recovering compensation.
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Bitcoin Nodes Increase by 20% Over the Past Year, Reaching 19,605
Over the past year, the number of Bitcoin nodes has grown by 20%, according to Bitnodes data. The current total stands at 19,605 nodes.
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IRS Unveils Updated 1099-DA Form for Digital Asset Reporting with Key Changes
The IRS has released the latest version of the 1099-DA form for reporting digital asset transactions, introducing significant changes aimed at addressing previous criticisms and privacy concerns. The new version, set to be partially implemented in 2025, removes several controversial elements from earlier drafts.
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Over 450,000 Bitcoin Addresses Hold $100,000 or More in BTC
According to data from Bitcoin Magazine PRO, more than 450,000 Bitcoin addresses now hold Bitcoin worth $100,000 or more.
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Former U.S. Treasury Secretary: A 50 basis point rate cut in September is appropriate
former U.S. Treasury Secretary Lawrence Summers warned against allowing the president to interfere in monetary policy making, otherwise it would only hurt the economy over time. "It's a stupid game to get politicians involved, and the end result is higher inflation and a weaker economy," Summers said on Friday. The day before Summers made these remarks, Republican presidential candidate Donald Trump said he believed the president should have a certain "say" in the Fed's policy making.
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The total market value of stablecoins increased by 1.23% in the past week
the total market value of stablecoins increased by 1.23% in the past week and is now reported at 165.478 billion US dollars.
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Liquidated positions reached US$55.2029 million in the past 24 hours
The liquidation amount of the entire network reached 55.2029 million U.S. dollars, of which the liquidation amount of short orders was approximately 30.6152 million U.S. dollars, and the liquidation amount of long orders was approximately 24.588 million U.S. dollars.
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Uniswap front-end transaction fees have exceeded $57 million
Uniswap front-end transaction fees (income) have reached $57.15 million.
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Fed’s enforcement action against Customers Bancorp leads community to question Harris’ sincerity in trying to repair relationship with crypto industry
The U.S. Federal Reserve previously announced enforcement action against Customers Bancorp Inc, which provides digital asset services and a tokenized instant payment platform, due to possible "significant deficiencies" in its risk management and anti-money laundering practices. This move has raised questions from the community. President Harris’ sincerity in trying to repair relations with the crypto industry.
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An address holding 25 BTC was activated after 10.6 years of hibernation
According to Whale Alert monitoring, at 21:46:28 Beijing time today, an address holding 25 BTC (worth about $1,15,099) was activated after 10.6 years of hibernation, when it was worth only $20,138.
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Wintermute has entered more than 14 million ARBs with Binance in the past 24 hours
According to The Data Nerd monitoring, Wintermute has received 14.094 million ARB (about 7.93 million US dollars) to Binance in the past 24 hours.
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U.S. Ethereum spot ETF has a cumulative net inflow of $104.8 million this week
Farside Investors data shows that the cumulative net inflow of U.S. Ethereum spot ETF was $104.8 million this week.
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CoinGecko: The decline in the crypto market in early August is not one of the most serious market corrections in the past decade
CoinGecko posted on the X platform that although the decline in the past four days caused the total market value of cryptocurrencies to fall from $2.44 trillion on August 2 to $1.99 trillion on August 6, this decline is not one of the most serious market corrections in the past decade, because of the daily decline. Less than 10%. Historical data shows that the most serious correction in the global cryptocurrency market occurred on March 13, 2020, affected by the COVID-19 pandemic, when the crypto market plummeted by 39.6%. The total market value of cryptocurrencies plummeted from $223.74 billion to $135.14 billion (DoD), compared with the largest sell-off this year in March, with a decline of 8.4%.
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