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Share link:In this post: Eric Trump has warned his followers not to bet against BTC and ETH. Ethereum recorded a jump above $4,000 to wipe out short positions worth $105 million. Analysts share mixed reactions over ETH’s rally due to its record in the third quarter dating back to 2016.
Share link:In this post: SEC has waived the “bad actor” designation for Ripple after the settlement of their 5-year dispute. The waiver means Ripple can now return to raising capital in the private markets. XRP has seen substantial gains, but analysts say there is more to come.
Share link:In this post: Microsoft has announced that it will discontinue its Lens application in the coming weeks. The company has released the timeline for the removal of the application from the iOS and Android app stores. Microsoft has urged users to switch to the Copilot artificial intelligence application.
Share link:In this post: A Colorado man has pleaded guilty to operating a multi-million-dollar fraudulent investment scheme. The suspect, Timothy McPhee, is also being charged with tax evasion and conspiracy to defraud the United States. McPhee is expected to be sentenced on October 23, facing up to 30 years in prison for his crimes.
Share link:In this post: Ethiopian Electric Power has announced plans to shut down all crypto mining operations in the country. According to the EEP, no new contracts will be taken, and all existing ones will be reconsidered. EEP wants to focus electricity on domestic consumers and strategic industries.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
- 01:52South Korean banks and government to launch pilot program for distributing treasury subsidies via digital currencyForesight News reported, citing Yonhap News Agency, that the six major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, and IBK) have expressed their intention to actively consider participating in tests related to treasury subsidies to the Bank of Korea. Since late August, the Bank of Korea's Digital Currency Office has been contacting the virtual asset managers of each bank by phone to inquire about their willingness to participate. The upcoming tests will focus on examining whether the government can distribute digital currency to subsidy recipients and use the current treasury payment subsidies or government-guaranteed vouchers (government-backed coupons).
- 01:52El Salvador President: Purchased 21 Bitcoins to Celebrate Bitcoin DayForesight News reported that El Salvador President Nayib Bukele tweeted that he has added 21 more bitcoin to celebrate Bitcoin Day. El Salvador's official bitcoin holdings now reach 6,313.18 BTC, valued at approximately $701 million. According to Foresight News, El Salvador became the first country to adopt bitcoin as legal tender on September 7, 2021.
- 01:42Data: Bitcoin mining difficulty hits a new high of approximately 136T, putting pressure on miners' earningsChainCatcher news, according to a report by BeInCrypto citing Mempool/Hashrate Index data, on September 7 (UTC), Bitcoin completed a difficulty adjustment at block 913,248, rising to approximately 136.0T, up 4% from the previous value, marking the fifth consecutive increase since June. During the same period, the miner Hashprice indicator dropped to around $51 (a recent low), with the August average at $56.44, down about 5% month-on-month; transaction fee contributions remained weak, with the average fee per block at about 0.025 BTC. Multiple factors have combined to tighten miners' profit margins, and future profitability will depend on a rebound in BTC price or on-chain fee rates.