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August, 2024

August, 2024

Approximately 2.5 million BTC held at a loss by short-term holders
Quick Take Bitcoin is currently hovering around the $60,000 mark, with approximately 2.5 million BTC held at a loss by short-term holders (STHs) who have held the digital asset for 155 days or less. T...
Halving cycles amplify significance of Bitcoin transaction fees
Onchain Highlights DEFINITION: The percentage of miner revenue derived from fees, i.e., fees divided by fees plus minted coins. Historically, the percentage of miner revenue from fees has exhibited pe...
SEC charges NovaTech founders, promoters with $650 million crypto fraud
The US Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd., its founders, and several people who promoted the firm for orchestrating a fraudulent scheme that victimized ov...
Crypto liquidity crisis causes major price slippages during sell-offs – Kaiko
Crypto markets continue to grapple with liquidity fragmentation, leading to persistent price discrepancies across exchanges. According to a recent Kaiko report, these disparities are diminishing over ...
Coinbase opposes SEC proposal to redefine exchanges to include DEXs
Coinbase has submitted a strongly worded comment letter to the US Securities and Exchange Commission (SEC) opposing the agency’s proposal to expand the definition of “exchange” to include decent...
Top Trader Predicts Massive Rally for Solana-Based Memecoin, Says Train About To Leave Station
A trader who continues to build his following with timely altcoin calls believes one Solana (SOL)-based memecoin is gearing up for a massive upside move. Pseudonymous analyst Bluntz tells his 268,500 ...
Crypto Venture Money Rises in Second Quarter – But Number of Deals Shrinks: Report
Crypto startups attracted $2.7 billion in venture capital (VC) during the second quarter of 2024, according to PitchBook data. As reported by Bloomberg, this represents a 2.5% increase from the previo...
Sam Altman-Funded Universal Basic Income Experiment Finds Recipients of Free Money Opt Out of Work – Here’s Why
A new universal basic income (UBI) experiment funded by tech billionaire Sam Altman has found people who receive free money generally tend to work less. In a study titled “The Employment Effects of ...
Altcoin Season Gains Momentum Amid Bitcoin Dominance Shift
Bitcoin’s (BTC) dominance, the metric that gives a sense of the coin’s value relative to other cryptocurrencies, reached a yearly high of 57.70% on August 9. This happened as BTC’s price recove...
Aptos (APT) Nears Key Moving Averages Amid Buying Pressure
Aptos (APT) has seen a significant rise in demand over the past week, indicating a potential shift in market trends. This increase is reflected in the cryptocurrency’s attempt to trade above its 20-...
Newswire > August, 2024
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