INSIGHT
Major News Headlines for Today
1. Vitalik Buterin Recaps Billionaire's Title With Over $4,200 Ethereum When Ethereum(ETH) surpassed $4,000 on Aug. 10, the founder of Vitelic Buterin's fortune reached $1.04 billion. In a report published on the 10th, the on-chain analysis platform Arkham Intelligence said Buterin owned about 240,42 Ethereum and regained the title of billionaire with his wealth exceeding about $1.04 billion. 2. White House Crypto Committee Chairman Bohines Resigns Suddenly Bo Hynes, chairman of the White House Cryptocurrency Committee, anno
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Bitcoin Rises on Trump Executive Order Signatures
The cryptocurrency market rose on Aug. 8 as U.S. President Donald Trump eased regulations to include cryptocurrencies including Bitcoin (BTC) in his 401k, the representative retirement pension account. President Trump signed an executive order on the 8th instructing the U.S. Department of Labor to review guidelines on investment in alternative assets within six months from the retirement pension. As a result, the U.S. Securities and Exchange Commission (SEC) and the Treasury Department will begin reviewing related regulations. The execu
INSIGHT
Major News Headlines for Today
1. Bloomberg "Trump to Sign Executive Order to Punish Banks Discriminating Against Cryptocurrency" Bloomberg reported in a source's testimony on Aug. 7 that U.S. President Donald Trump will issue an executive order on Aug. 8 to impose fines and penalties on banks that have terminated cryptocurrency corporate accounts. Bloomberg's report comes as banking associations are trying to block four cryptocurrency companies from applying for bank accounts. 2. Ripple-SEC Closes Lawsuit with Dismissal of Appeal The lawsuit between Ripple and the U
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Bitcoin Rides On Buy-Sell Balance
Bitcoin(BTC) went sideways on Aug. 7, with supply and demand in an appropriate balance. It has been analyzed that Bitcoin has sold as much as short-term investors have sold due to its recent decline. Glassnode, an on-chain analysis platform, pointed out in a report published on the 7th that the sale of Bitcoin by short-term holders began to ease when the price of Bitcoin touched $112,000 on the 5th. According to data from Glassnode, about 70% of short-term investors in Bitcoin are making a profit. Altcoins rose as short-term investors' selling declined and Bitcoin
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Major News Headlines for Today
1. SBI Announces Plan To Launch Bitcoin-XRP Dual ETF SBI Holdings, Japan's largest financial group, has announced its plan to launch an exchange-traded fund(ETF) that can invest in Bitcoin(BTC) and XRP at the same time. SBI said in its corporate earnings report on Aug. 6 that it will launch a gold and cryptocurrency mixed ETF and a bitcoin and XRP mixed ETF to be listed on the Tokyo Stock Exchange. 2. Nomura Subsidiary Launches OTC Desk In Trading Legal Crypto Options In Duba
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Bitcoin Keeps Weak by U.S. Economic Slowdown Concerns
The cryptocurrency market, including Bitcoin(BTC), continued to remain weak on Aug. 6 due to concerns over an economic slowdown from the U.S. and the disappearance of the market itself. The cryptocurrency market began to decline with disappointing results from major U.S. economic statements. Bitcoin, which had fallen due to the announcement of major U.S. economic indicators, rebounded on low-priced buying, but fell weak as good news to lead the market to rise disappeared. Altcoins also fell slightly along Bitcoin, including Bitcoin remaining at $114,000. Maj
INSIGHT
Major News Headlines for Today
1. US SEC "Certain Staking Activities, Will Not Be Subject to Securities Act" The U.S. Securities and Exchange Commission(SEC) said in an official statement on Aug. 5 that liquidity staking of certain cryptocurrencies is not classified as a securities activity as part of clear cryptocurrency regulatory guidelines. The SEC explained that the form in which cryptocurrency holders deposit and receive compensation for cryptocurrency in the liquidity staking protocol due to the 1933 Securities Act and 1934 Securities Act will not be cla
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Bitcoin Makes Weak on Good News Vanishing
The cryptocurrency market, including Bitcoin(BTC), continued to remain weak on Aug. 5 without much good news. The cryptocurrency market, which had rebounded from low-priced buying the previous day, fell slightly as the favorable factors that could sustain the market's rise disappeared. While Bitcoin protected the $114,000 level, altcoins rose slightly. In particular, Ethereum(ETH) recorded an increase of more than 3%, driving the rise of altcoins. Institutions' purchase of Ethereum and sound on-chain signals were cited as reasons for the rise of Ethereum. Fo
INSIGHT
Major News Headlines for Today
1. Metaplanet Buys 463 More Bitcoin Amid Fall Metaplanet, a Japanese Bitcoin(BTC) broker, invested a total of about $53.7 million on Aug. 4, buying about 463 additional Bitcoin. The purchase took place during a brief drop in Bitcoin, and the average purchase price of Bitcoin for Meta Planet is about $115,895. With this purchase, Meta Planet has a total of about 17,595 Bitcoin purchases. 2. French Nationalist Party Prepares Bitcoin Mining Bill to Utilize Nuclear Energy The Nationalist Party, a political party in France, w
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Bitcoin Makes Up for Losses on Low-Priced Buying
The cryptocurrency market, including Bitcoin(BTC), made up for last week's decline on Jul. 4 with low-priced buying. Over the weekend, the cryptocurrency market, including Bitcoin, fell due to a slowdown in U.S. employment indicators. According to an employment report released by the U.S. Department of Labor on the 1st (local time), non-agricultural jobs in the U.S. in July were below expert forecasts, and job growth in May-June was lowered than previously announced. However, it rebounded again on the inflow of buying from the morning of the 3rd and co
INSIGHT
Major News Headlines for Today
1. Ripple JP Morgan, Citigroup, Goldman Sachs, SBI Led RWA" In a report jointly published by Ripple with CB Insights on Aug. 3, it emphasized the movement of global financial institutions to convert assets(RWA). Ripple announced that global banks have made a total of 345 investments in blockchain companies from 2020 to 2024, with Citigroup and Goldman Sachs making 18 investments each, and JP Morgan and SBI making 15 investments each. 2. Arthur Hayes "Bitcoin May Retreat To $100K On Macro-Risk" Arthur Haye
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Bitcoin Falls On U.S. PCE Market Expectations
The cryptocurrency market fell on Aug. 1 as personal consumption expenditure(PCE) in the U.S. exceeded market expectations. The U.S. Department of Commerce reported on Thursday that PCE in the U.S. rose 2.6 percent year-on-year in June. Excluding energy and food products, the core PCE price index rose 2.8 percent year-on-year and 0.3 percent month-on-month. Both PCE and core PCE beat expert estimates compiled by Dow Jones by 0.1%. Bitcoin(BTC) fell to $115,000 after PCE, a major economic indicator referenced by the U
