Bitcoin Hashrate Crashes as AI Dominates
@TwentyOneCapital CEO warns Bitcoin hashrate entered its first bear market as AI demand diverts power from mining, impacting $BTC economics. #Update #Crypto $BTC
Chainlink Validates Wyoming Stable Token Reserves
The Wyoming Stable Token Commission integrates @Chainlink’s Proof of Reserve for its Frontier Stable Token, enhancing onchain reserve verification; LINK token rises 34% in a month. #Update #Crypto $LINK
Bitcoin Crash Looms Bart Simpson Pattern
Bitcoin consolidates near $77,500 after a 25% August rise, with potential for a “Bart Simpson” pattern indicating a flash crash if it breaks below $75,800. #Update #Crypto $BTC
Digital Assets Group Welcomes HashKey Partnership
@HashKeyGroup joins the DTCC Digital Assets Advisory Services Industry Working Group, becoming its first Asian digital asset service provider, as major firms explore institutional tokenization. #Update #Crypto
Bitcoin Indicator Exits Bearish Zone Amid Demand Drop
CryptoQuant reports the Bitcoin Cycle Momentum indicator has turned positive after eight months of bearish trends, but demand remains weak, raising concerns about potential declines. #Update #Crypto $BTC
Bitcoin Treasury Expansion Cuts XRP and DOGE
@Remixpoint has sold all altcoins, including $ETH, $SOL, $XRP, and $DOGE, for ¥878.8M (~$5.5M), now holding 1,506 BTC as part of a Bitcoin treasury strategy. #Update #Crypto $BTC
SEC Pressured for Novel ETF Rules
Crypto firms, asset managers, and consumer advocates urge the SEC for tailored rules on novel ETFs, emphasizing regulatory parity and innovation. #Update #Legal @SEC
Tether Faces $42M USDT Freeze Lawsuit
Tether froze $42.4M in $USDT linked to Thai investors without a warrant, leading to a lawsuit seeking damages and blacklist removal. #Update #Legal $USDT
Tether Sued for Freezing $42M in Fraud Case
Two Thai businessmen sued @Tether for allegedly freezing $42.4M in $USDT without a warrant, linked to a pig butchering scheme; they seek unfreezing and damages. #Update #Legal $USDT
Crypto Gains Ground in U.S. Primaries
@Fairshake supported Massachusetts incumbent Auchincloss in U.S. primaries, indicating growing industry influence as attention now shifts to the upcoming general election. #Update #Crypto
Bitcoin Ethereum Botnet Dismantled After 8 Years
The U.S. Justice Department and @CrowdStrike dismantled the Sality botnet, which stole $150K in cryptocurrency by hijacking wallet addresses since 2003. #Breaking #Security
Bitcoin Rises as Remixpoint Dumps Altcoins
@Remixpoint sold $5.5M in altcoins, focusing solely on $BTC with 1,506 BTC remaining, after booking a $736K gain; DOGE sale incurred a loss. #Update #Crypto $BTC
New Jersey Asks Supreme Court on Prediction Markets
New Jersey becomes the first state to request the Supreme Court of the United States (SCOTUS) to address conflicting appeals court rulings on regulating prediction markets’ sports products. #Update #Legal
Bitcoin Rally: CEO Defends Pre-Surge Sale
@MicroStrategy CEO Phong Le defends selling 3,328 BTC in August for dividend payments, stating it was the right decision; company resumes purchases with 4,603 BTC at $80,318. #Update #Crypto $BTC