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One whale has been selling Solana regularly this year, selling 594,000 SOL for a total value of $86 million.
Bitcoin climbed over $61K ahead of US inflation data update. Bitcoin ETFs see $38.94M in net inflows, Ether ETFs gain $24.34M. Observers expect interest rate cuts to keep the market rally alive.
Bitcoin reserves on centralized exchanges is now at 5-year low after last week sell-off. Glassnode experts say investors are back to accumulating BTC for long-term. Selling pressure has eased off slightly, but could return as dormant coins become active.
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.
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.