August, 2024

August, 2024

$FBTC Surpasses $100M In TVL Just One Month After Launch, Poised For Widespread Adoption
The total value locked (TVL) of $FBTC, an omnichain Bitcoin asset, has surged past the $100 million mark just one month after its launch, now standing at $106 million. This rapid growth reflects the s...

TRON Gains Momentum With SunPump Launch And Surging USDT Transactions
Recently, attention has shifted towards TRON, especially following the launch of @sunpumpmeme. The @trondao ecosystem has witnessed significant growth, with a 124% increase in transactions ranging fro...

Machi Big Brother Shifts Focus from $FRIEND To $BLAST With Major Investment Moves
Machi Big Brother (@machibigbrother) has recently redirected his investment strategy, moving away from accumulating $FRIEND and focusing instead on purchasing $BLAST. Since August 5, he has spent 1,46...

Runes Transactions Dominate Bitcoin Network Amid Diverging Strategies In Leadership Race
On August 18, Runes transactions accounted for an impressive 70.52% of all Bitcoin transactions, a significant leap from their usual range of 40%-70% over the past month. Despite this dominance, the R...

How traders make over $60k per week rugging 98% of memecoins on PumpFun
Rugging, a term for deceptive and fraudulent crypto practices, is rampant in some areas of the crypto industry, with some individuals, like the self-proclaimed meme coin rugger “Phantom,” exploiti...

BlackRock’s IBIT boosts Bitcoin ETFs with $92.7 million inflow, total now $20.5 billion
Quick Take Bitcoin Data from Farside shows that Bitcoin ETFs experienced a net inflow of $62.1 million, marking the largest since Aug. 8. The primary contributor to this surge is BlackRock’s IBIT, w...

The fluctuating correlation between Bitcoin and gold
The post The fluctuating correlation between Bitcoin and gold appeared first on CryptoSlate....

$1,000,000 BTC in 2027? Analyst Says Bitcoin Could Be Mirroring Japanese Stock Market’s Early Years
Bitcoin’s (BTC) chart appears to be mirroring a Japanese stock market index, according to one popular crypto analyst. The pseudonymous trader known as TechDev shares charts with his 465,800 follower...

$5,760,000,000 in Bitcoin Bought by Whales in Just Six Weeks Amid Crypto Market Correction: Santiment
Deep-pocketed Bitcoin investors are snapping up billions of dollars worth of BTC, according to analytics firm Santiment. Santiment says on the social media platform X that Bitcoin whales are showing c...

‘They’re Stuck’ – Strike’s Jack Mallers Says US Needs Dollar Liquidity Soon, Sees Bitcoin Outperforming S&P 500
The chief executive of Bitcoin wallet and payments application Strike believes the federal government is about to make moves that will be beneficial for the price of BTC. In a new Kitco News interview...

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