August, 2024

August, 2024

Bitcoin futures open interest sees largest drop in a year amid market volatility
Quick Take On Aug. 5, global markets experienced wild volatility, prompting a detailed assessment of trading volumes to gauge the impact. A key measure was futures open interest, representing the tota...

Bitwise CIO sees Bitcoin’s potential echoing post-COVID surge
Bitwise Chief Investment Officer Matthew Hougan said the current market conditions are a prime buying opportunity for investors interested in Bitcoin, according to an Aug. 5 investor note. Hougan poin...

Semler Scientific acquires additional 101 Bitcoin, increasing total holdings to 929 BTC
Quick Take Semler Scientific reported Q2 earnings on Aug. 5, which saw revenues of $14.5 million for the second quarter, reflecting a 22% decrease from $18.6 million in the same period last year. Seml...

OpenAI co-founders quit amid Musk’s legal firestorm
OpenAI experienced a significant shake-up as two co-founders, John Schulman and Greg Brockman, announced their departures a day after Elon Musk filed a new lawsuit against the company. On Aug. 5, Mus...

Volatile day for Bitcoin sees record $28 billion spot volume, highest since FTX collapse
Quick Take Aug. 5 was marked by significant global volatility, with the VIX soaring above 60 and Bitcoin experiencing dr...

Ripple XRP demand in the US hits pre-SEC lawsuit levels with 14% of global volume
Demand for Ripple’s XRP in the United States has surged to its highest level in four years, reaching figures last seen...

Will Bitcoin Eat Everything Else? Jurrien Timmer Doesn’t See BTC Priced in Millions of Dollars – Here’s Why
Fidelity Investments’ global macro director Jurrien Timmer predicts that Bitcoin (BTC) will never reach millions of dollars in value for one key reason. In a new interview with Scott Melker, Timmer ...

Top Trader Warns Bitcoin and Crypto Will Witness Another Leg Down Before Reversal – Here’s His Long-Term Outlook
A top crypto strategist thinks Bitcoin (BTC) and the crypto markets are due for another correction before seeing a sustained recovery. Pseudonymous analyst The Flow Horse tells his 223,400 followers o...

Caitlyn Jenner’s New MEDAL Token Brings Olympic Gold On-Chain
Caitlyn Jenner, the former Olympic athlete and member of the iconic Kardashian-Jenner family, has announced the launch of her latest blockchain venture, the 1976 Medal (MEDAL) token. This project, ...

Dogwifhat (WIF) Price Recovery Not Yet Safe After Sub-$1 Scare
Dogwifhat (WIF), the meme coin with the highest market capitalization on Solana, dropped to $1.05 on August 5. The decline sparked widespread speculation that the token would drop below $1 since March...

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