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Are Bitcoin ETFs on track to surpass Satoshi Nakamoto as the largest BTC holder?
Are Bitcoin ETFs on track to surpass Satoshi Nakamoto as the largest BTC holder?

Bitcoin ETFs are on track to surpass Satoshi Nakamoto as the largest BTC holder by 2025. Satoshi Nakamoto is currently the top Bitcoin holder, allegedly holding 1.1 million BTC. BlackRock’s IBIT Bitcoin ETF is the third-largest BTC holder as the AMC supervises $10T in AUM.

Cryptopolitan·2024/08/12 16:00
Sui open interest remains near peak, traders aim to protect long positions
Sui open interest remains near peak, traders aim to protect long positions

Share link:In this post: SUI open interest continued to grow above $256M. The Sui network is highly active, with more than 400K reported daily wallet interactions. Sui is a VC-backed project, with 75% of the tokens still locked and waiting to enter the market.

Cryptopolitan·2024/08/12 16:00
Hamster Kombat turned down VC offers to ‘protect players’
Hamster Kombat turned down VC offers to ‘protect players’

Telegram-based Hamster Kombat said it has turned down multiple VC offers and has no external investors. The Web3 game claims it rejected VC offers to protect its players from becoming exit liquidity. Still no information on when the HMSTR airdrop will happen.

Cryptopolitan·2024/08/12 16:00
Ethereum (ETH) adds $150M fresh supply in 30 days as inflation grows
Ethereum (ETH) adds $150M fresh supply in 30 days as inflation grows

Share link:In this post: Ethereum (ETH) increased its inflation to 0.67% as network usage slows down. An additional 57,000 ETH increased the supply in the past month. L2 have a mixed effect on Ethereum, by taking away some of the traffic, but raising demand for blob payments.

Cryptopolitan·2024/08/12 16:00
U.S. PPI rises 0.1% in July as inflation slows further
U.S. PPI rises 0.1% in July as inflation slows further

The U.S. Producer Price Index (PPI) only went up by 0.1% in July, showing that inflation is slowing down more than expected. Investors are watching the Fed closely, wondering if they’ll cut interest rates in September as inflation cools off. Major stock indices and Ethereum prices are on the rise, with ETH seeing big inflows into spot ETFs.

Cryptopolitan·2024/08/12 16:00
Polymarket partners with Perplexity to enhance prediction market experience
Polymarket partners with Perplexity to enhance prediction market experience

Share link:In this post: Polymarket and Perplexity are partnering to integrate advanced news summarization. The collaboration will enhance user engagement with features like customizable pages. Polymarket is seeing record growth due to interest in the US presidential election.

Cryptopolitan·2024/08/12 16:00
Flash
22:59
Chainalysis: Peptide suppliers in the grey market are increasingly using Bitcoin and stablecoins
Odaily reported that Chainalysis released a report stating that as the demand for grey-market peptide products (such as weight-loss drugs like semaglutide) grows rapidly, relevant suppliers and buyers are increasingly using cryptocurrency for transactions, with major suppliers mainly relying on Bitcoin and stablecoins. The report shows that in the first quarter of 2026, crypto funds flowing into this sector reached 32 million US dollars, representing a 159% increase from the previous quarter’s 12 million US dollars. The annualized volume has already exceeded 100 million US dollars. Chainalysis pointed out that demand for peptide products is driven by cosmetic medicine, health and wellness trends, and the popularity of GLP-1 drugs. However, as these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict such transactions, prompting the market to shift to crypto payments. The organization also noted that some leading suppliers have adopted more professional on-chain fund management methods. Especially among suppliers with an average transaction deposit over 1,000 US dollars, the share of stablecoins has increased significantly, which may be to reduce the risk of large supply chain orders being affected by crypto market volatility.
22:52
Shielded Labs discloses that the Orchard forgery vulnerability has been fixed
Shielded Labs disclosed a vulnerability in Orchard that could have been used to generate an unlimited amount of counterfeit ZEC. The issue was fixed on June 2, and zcash:native dropped by 27%. (Decrypt)
22:51
Major US banks including JPMorgan and Citi to launch tokenized deposit systems
Major U.S. banks, including JPMorgan and Citi, plan to launch a tokenized deposit system to compete with cryptocurrencies. (Watcher.Guru)
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