Bitcoin miners recorded a minimal profit for July as BTC price slumped to record lows, fueling operators’ losses.
The increased fear of further crypto capitulation has given some Bitcoin whales, led by Marathon Digital, an opportunity to buy at discounted prices.
Binance, the world’s largest cryptocurrency exchange with over 200 million users, has resumed operations in India after being forced to leave the market in January due to regulatory challenges.
Senate Majority Leader Chuck Schumer said that a bipartisan bill on crypto regulation could be passed by the Senate before year-end.
Banking giant Morgan Stanley announced a near-selloff of its Grayscale holdings while liquidating a total of $269.9 million worth of GBTC shares which it held in Q1 2024.
The price of Bitcoin moved in response to the cooled-down inflation figures releases showcasing a CPI reading of 2.9% YoY.
Mt Gox Exchange has initiated another 33,000 Bitcoin movement in what is considered another repayment effort, fueling BTC sell-off scare.
WazirX is migrating its assets from Liminal to new multisig wallets as part of a strategic effort to improve security and prevent future incidents. It plans to publish a list of the new wallets once the migration is complete, enhancing transparency for its users.
Revolut, a leading fintech company based in the United Kingdom, has formed a strategic partnership with Ledger, a prominent provider of crypto-focused hardware wallets, to make digital asset purchases more accessible for users in select European countries.
The US-based crypto exchange Coinbase has hinted at the launch of a new product tagged cbBTC through a post on their X page.
Arthur Hayes projected that Bitcoin and altcoins could rally from September due to a likely increase in US liquidity injection.
Metaplanet’s Bitcoin acquisition spree has been ongoing for the past few months.
Marathon Digital said that it would offer these convertible notes to qualified institutional buyers with an aggregate principal amount of 2.125% with maturity in 2031.
The current wave of liquidations has sent shockwaves through the entire crypto community, with many traders reassessing their risk management strategies.
Further downward pressure on specific tokens is expected in the coming week due to scheduled token unlocks, with over $120 million worth of tokens set to be released.