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One whale has been selling Solana regularly this year, selling 594,000 SOL for a total value of $86 million.
Share link:In this post: Inflation in the U.S. dropped to 2.9% in July, the lowest it’s been since March 2021, but the Federal Reserve is still cautious. The Fed is likely to cut interest rates next month, depending on upcoming economic data and job market trends. Rate cuts are typically good for BTC because of its correlation to interest rates in what is the largest crypto market on earth.
The U.S. government moved 10,000 Bitcoins worth about $600 million to a mysterious wallet. These Bitcoins were originally seized from the Silk Road, and the government has been slowly selling them off over the years. The U.S. government now holds over 203,200 Bitcoins, making it the largest national holder, with a stash valued at around $12 billion.
Share link:In this post: Brazil just got the green light for the first-ever Solana spot ETF, beating out America. The ETF will be created by QR Asset and managed by Vortx, but it’s still waiting for final approval from the Brazilian Stock Exchange. The U.S. isn’t close to approving Solana ETFs, with the SEC still seeing Solana as a security, making approval uncertain.
Core Scientific emerged from bankruptcy in January this year after its reorganization plan was confirmed by the bankruptcy court for the Southern District of Texas.
Bitcoin’s price dropped 3.20% today, hitting $58,912.60, largely due to over $1 billion in leveraged positions getting wiped out. The broader crypto market took a hit, with a 17% drop in market cap, and stocks like the S&P 500 and Nasdaq also saw losses. Worries about a possible recession, regulatory uncertainty, and the upcoming U.S. election are adding to the market’s anxiety.
Share link:In this post: JitoSOL is among the most attractive venues for staking, with nearly 12M SOL in its vaults. Major protocols use JitoSOL to redistribute MEV and block-building fees. JTO tokens to face cliff unlocks from January 2025, expanding the supply of the low-float token.
Share link:In this post: Bitcoin’s price is bouncing back, but it’s hitting some serious resistance, especially after a massive $1 billion USDT withdrawal from exchanges. Most Bitcoin holders are in profit, but there’s a risk of selling pressure if prices dip, which could stall the rally. The derivatives market is showing mixed signals—there’s a lot of bullish sentiment, but recent liquidations are making traders nervous.
Share link:In this post: Aptos transaction volume increased by 3,500% after the click-to-earn game Tapos 2 launched. The network’s massive transaction volume highlights its strength as an high throughput blockchain. Aptos token APT record modest gains despite struggling for most of the year.
- 02:19American Billionaire Investor Tim Draper: Bitcoin Will Replace the Dollar in 10 YearsPANews, May 14 - According to CoinDesk, American billionaire investor Tim Draper stated in an interview that Bitcoin will replace the dollar as the world's primary reserve currency within the next decade. He reiterated his prediction that Bitcoin will reach $250,000 by the end of 2025 and pointed out that when Bitcoin can be used for everyday payments and tax payments, the dollar will lose its value. Draper cited the 2023 Silicon Valley Bank collapse as an example to emphasize the fragility of the traditional financial system and suggested that companies hold both fiat currency and Bitcoin to cope with banking crises. Additionally, Draper believes that while stablecoins help in the adoption of digital currencies, they will eventually face inflation issues just like fiat currencies. He specifically mentioned that the US Dollar Index has dropped 8% this year, hitting its lowest point since April 2022, which supports his prediction of the "decline of the dollar."
- 02:19US Spot Ethereum ETF Inflows $13.37 Million YesterdayAccording to a report by Jinse Finance, monitored by FarsideInvestors, the US spot Ethereum ETF had a net inflow of $13.37 million yesterday.
- 02:18U.S. Spot Bitcoin ETF Experienced a Net Outflow of $91.39 Million YesterdayAccording to a report by Jinse Finance, monitored by TraderT, the U.S. spot Bitcoin ETF had a net outflow of $91.39 million yesterday.