CRYPTO
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ETH ETFs Hit $13.7B Inflows as Corporate Treasuries Surge
Ether spot exchange-traded funds (ETFs) have seen steady growth since their US debut in July 2024, while corporate treasuries tied to the token are also on the rise. Inflows into Ether (ETH) funds climbed 44% this month, rising from $9.5 billion on Aug. 1 to $13.7 billion on Aug. 28, according to cryptocurrency research platform SoSoValue. Market participants say renewed…
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Dormant Ethereum Whale Buys Millions in ETH, Sparking Rebound Hopes
Key takeaways: Dormant whale buys $28M in ETH as price drops 13%, signaling accumulation. Whales, BitMine, and ETFs add billions in ETH, reinforcing bullish demand. “V-shaped” recovery pattern emerges, with analysts eyeing $7.5K–$20K targets. An Ethereum whale wallet has resurfaced after four years of silence, scooping up $28 million worth of Ether (ETH) in a move that has stirred bullish…
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Brazil’s Crypto Tax Grab Signals What’s Coming Next
Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless of the amount. The decision…
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UK Banks Tighten Grip on Crypto Payments as Investors Struggle to Fund Accounts
A growing share of the United Kingdom’s cryptocurrency investors are struggling to fund their accounts, highlighting the regulatory and banking hurdles facing the digital asset sector. An IG Group survey of 500 UK crypto investors and a broader sample of 2,000 adults found that 40% of users said their bank had either blocked or delayed payments to a crypto provider.…
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Bitcoin’s Next “Price Discovery Correction” Could Be Around the Corner
Key points: Bitcoin has enjoyed six weeks of its latest “price discovery uptrend” — but a correction is now due. Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks. A new dip now would still allow fresh all-time highs in Q4. Bitcoin (BTC) may start the last week of…
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Charles Schwab, Traditional Companies Hiring for Crypto Push
Charles Schwab, Fidelity and other traditional companies based in the United States are hiring for senior crypto positions to seemingly make a push into the industry. The open positions come as regulatory clarity has increased, paving the way for TradFi to enter the space. The open positions indicate a solid push into the crypto space. Schwab, for instance, is hiring…
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Bullish Raises IPO Target to $4.8B as Institutional Crypto Interest Grows
Digital asset exchange operator Bullish raised the target valuation for its initial public offering by almost 60% to potentially $990 million, a move that may reflect growing investor appetite amid renewed momentum in crypto-related stocks. Bullish now plans to sell 30 million shares at $32 to $33 apiece, Bloomberg reported Monday, citing recent regulatory filings with the US Securities and…
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How Google Gemini Helps Crypto Traders Filter Signals From Noise
Key takeaways: Gemini is now used by crypto traders to monitor market catalysts and breaking news in real time. The Gemini Pro version’s longer context window and web access boost its usefulness for macro and sentiment tracking. It lacks native support for charts, portfolios or backtesting; traders still need external tools. Gemini is a powerful signal tool, but you should…
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Cango Boosts Bitcoin Mining Output, Adds 650 BTC in July
Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition. Cango produced 650.5 Bitcoin (BTC) in July, a sharp increase from 450 BTC in June, according to data from Farside Investors.…
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Bitcoin Mining Difficulty Hits All-Time High After Sharp Drop-Off
The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by about 3% to 123.7 trillion in the next adjustment period, and the current average block time is about 10 minutes and 20 seconds, according to CoinWarz.…
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