August, 2024

August, 2024

BTC down 5%, mirrors largest ETF outflows since August 6
Quick Take Bitcoin continued its sell-off overnight, dropping another 5% and settling back into the $58,000 – $59,000 range. This sharp decline is mirrored in perpetual funding rates, which have swu...

AI model generates real-time playable DOOM with no game engine
GameNGen, a neural model-based game engine, is demonstrating the potential to revolutionize how video games are generated and played. An innovative approach developed by Google Research and Tel Aviv U...

Bitcoin’s millionaire addresses rise and fall with market dynamics
Onchain Highlights DEFINITION: The number of unique addresses holding at least a value of $1M. Bitcoin addresses with a balance of at least $1 million have fluctuated significantly over the past year,...

Telegram community condemns Pavel Durov’s arrest in open letter, calls it violation of human rights
The #FreeDurov community, led by the TON Society, has called on France to release Telegram founder Pavel Durov, who was arrested by French authorities on Aug. 25. The community published an open lette...

Bitcoin crashes over 6% to $58k before attempting recovery
Bitcoin (BTC) fell over 6% on Aug. 27 to a low of $57,880 before marking a slight recovery. The majority of the losses were recorded in less than an hour after Bitcoin lost the key $61,000 support lev...

Bitcoin investors turn cautious as speculative appetite wanes – Glassnode
Bitcoin (BTC) investors are showing a reduced appetite for speculation amid a state of equilibrium across on-chain activity and perpetual futures markets, according to a recent report by Glassnode. Th...

Ethereum Foundation reveals spending after speculation over massive transfer
Ethereum Foundation (EF) contributor Josh Stark posted a breakdown of the organization’s expenditures for the past two years on social media on Aug. 27. Stark shared the information after growing sp...

Bitcoin’s net realized profit/loss stabilizes post $70k surge, signaling market maturity
Onchain Highlights DEFINITION: Net Realized Profit/Loss is the net profit or loss of all moved coins and is defined by t...

Bitwise CIO says Powell’s remarks could spark a new Bitcoin bull run
Bitwise CIO Matt Hougan believes that US Federal Reserve Chair Jerome Powell’s recent dovish comments could ignite a new bull market for Bitcoin. Hougan, in an Aug. 27 note to investors, emphasized ...

Crypto Whale Sends $24,000,000 to Binance To Take Loss on Ethereum (ETH): Lookonchain
An Ethereum whale lost nearly $4 million this summer after buying 8,825 ETH prior to the market downtick a few weeks ago, according to the crypto tracker Lookonchain. Lookonchain notes the whale bough...

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November