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Channel Posts
Danny Ryan, Key Figure in Ethereum’s Shift to Proof-of-Stake, Resigns – What’s Going On?
↘️ Danny Ryan, a prominent researcher at the Ethereum Foundation, has announced his resignation after seven years of work within the Ethereum ecosystem.
↘️ Ryan played a pivotal role in Ethereum’s transition to a proof-of-stake consensus system, most notably during “The Merge,” which marked the blockchain’s shift away from proof-of-work.
↘️ Ryan cited personal reasons for his departure, emphasizing that his decision is not a critique of Ethereum or the broader cryptocurrency space.
Community | OTC | Reviews | Twitter
| 2 |  Bitcoin Price Tests $54,000 Level – Here’s How the Latest US Jobs Report Impacted the Market
↘️ The Bitcoin (BTC) price tumbled under $54,000, its lowest level since early August, in wake of the release of the August US jobs report, which appears to have exacerbated, not eased, fears that the US is tilting towards a recession and that the Fed may be behind the curve in preventing it.
Community | OTC | Reviews | Twitter | 677 |
| 3 |  Bitcoin Mining Revenue Hit All-Year Low in August: Data
↘️ Bitcoin miners have reportedly faced their most challenging mining revenue of the year in the month of August. Last month, the revenue was $ 99.75 million less than in July, marking the lowest since September 2023.
↘️ Per data from Bitbo, miners revenue slumped to $827.56 million last month, from $927.35 million profits in July 2024. This has marked one of the worst revenue months for miners, underscoring the impact of Bitcoin’s fourth halving in April.
↘️ In September 2023, Bitcoin miners earned only $727.79 million, as the world’s leading crypto suffered a heavy blow, trading around $25,000. However, the price of BTC more than doubled ever since and is trading at $57.50K at press time.
Community | OTC | Reviews | Twitter | 906 |
| 4 |  Bitfarms Closes In on 110 MW, Takes Ownership of New US Data Center
↘️ Bitfarms Ltd., a global leader in Bitcoin mining, has officially expanded its footprint in the United States by acquiring a new data center in Sharon, Pennsylvania.
↘️ This acquisition, which follows the initial announcement on June 13, 2024, marks a significant milestone for Bitfarms as it establishes its first mega-site in the U.S., securing access to up to 120 megawatts (MW) of power.
↘️ The company has closed on 110 MW, with plans to activate 30 MW by the end of 2024 and potentially bring an additional 10 MW online by 2025, raising the total site capacity to 120 MW.
Community | OTC | Reviews | Twitter | 904 |
| 5 |  CME Group to Launch Smaller Bitcoin Futures For Retail Market
↘️CME Group Inc. is introducing a smaller and more affordable Bitcoin futures contract designed for retail investors.
↘️According to an August 27 Bloomberg report, the “Bitcoin Friday Futures” contract will be priced at one-fiftyth of a Bitcoin, offering an accessible way for investors to trade crypto. Pending regulatory approval, this new product is expected to launch on September 30.
Community | OTC | Reviews | Twitter | 900 |
| 6 |  Bitcoin Has “Room to Fall” Amid Rising Open Interest: CoinGlass
↘️ Bitcoin may still have “more room to fall” as open interest has continued to rise amid recent price action, according to crypto analysis platform CoinGlass.
↘️ In an August 16th X post, CoinGlass highlighted that the total open interest (OI) for Bitcoin futures, representing the number of contracts that have yet to be settled, reached $29 billion and has been rising throughout the week.
↘️ This uptick in OI contrasts with the 5% decline observed from Bitcoin’s spot price over the past two days, a situation the platform described as “a bit unusual,” as the OI has not yet adjusted to reflect the price drop.
Community | OTC | Reviews | Twitter | 902 |
| 7 |  ↘️Former Bank of Japan (BoJ) executive Makoto Sakurai has indicated that another interest rate hike is unlikely this year, following Japan’s recent increase which caused Bitcoin to crash.
↘️On Monday, Bitcoin dipped below the $59,000 mark trading at $58,388 during press time.
↘️“They won’t be able to hike again, at least for the rest of the year,” a former Bank of Japan board member Makoto Sakurai said in an interview. “It’s a toss-up whether they can do one hike by next March,” reports The Japan Times.
Community | OTC | Reviews | Twitter | 880 |
| 8 |  ↘️California’s Santa Monica Opens Bitcoin Office to Promote Usage
↘️California’s Santa Monica is taking a step forward in crypto education by establishing a dedicated “Bitcoin Office.”
↘️The city aims to equip residents and businesses with knowledge about Bitcoin’s potential to shape the modern economy, according to a recent announcement.
Community | OTC | Reviews | Twitter | 895 |
| 9 |  ↘️Bitcoin and Ether rebounded modestly on Tuesday after a sharp decline triggered by broader market jitters.
↘️Bitcoin rose 3.6%, trading at about $55,988 as of 5:50 UTC, but is down 16% over the past week. Similarly, Ether gained 4.4%, reaching $2,526, though it has fallen 24% in the last week.
↘️Analysts believe the recent price uptick signals that investors are taking advantage of the recent market downturn to purchase cryptocurrencies at lower prices. However, overall market sentiment remains wary as there are concerns that this could be the beginning of a more extensive liquidation of crypto holdings.
Community | OTC | Reviews | Twitter | 873 |
| 10 |  ↘️The Commodity Futures Trading Commission (CFTC) has launched an investigation into potentially fraudulent cryptocurrency activities involving 15 different tokens, including the memecoin BEN.
↘️The inquiry has led to a subpoena being issued to Hit Network, a crypto-centric media company previously associated with Ben Armstrong, widely known in the crypto community as “BitBoy.”
↘️On July 16, the CFTC issued a subpoena to Hit Network, demanding information regarding trading activities and digital wallets connected to the 15 tokens.
Community | OTC | Reviews | Twitter | 869 |
| 11 |  ↘️US Senator Cynthia Lummis reiterated her proposal for a Bitcoin reserve to assist in reducing the US national debt. It came after the Treasury Department revealed Monday that the US gross national debt surpassed $35 trillion for the first time.
↘️This dramatic increase starkly contrasts a debt level of $907b four decades ago.
↘️“A strategic Bitcoin reserve could stop this runaway train and help pay down the national debt for our future generations,” Lummis said Tuesday on X.
Community | OTC | Reviews | Twitter | 854 |
| 12 |  ↘️BitFlyer Holdings has acquired FTX Japan and integrated it as a wholly owned subsidiary.
↘️In a Friday post on X, Yuzo Kano, CEO of BitFlyer Holdings, announced the completion of the acquisition.
↘️“A company is needed that has the security technology to safely store the physical BTC that will serve as the ETF’s backing asset,” he wrote.
↘️“Through our custody business, we aim to become a public service that serves as an industry infrastructure.”
↘️FTX Japan’s acquisition follows the infamous collapse of its parent company, FTX, which was once the world’s second-largest crypto exchange by trading volume.
↘️The collapse in November 2022 resulted in significant financial losses, with at least $8.9 billion in user funds unaccounted for.
Community | OTC | Reviews | Twitter | 876 |
| 13 |  ↘️Injective, a Cosmos Layer-1 blockchain for finance, said it has integrated with Mountain Protocol, the issuer of USDM, the yield-bearing stablecoin.
↘️This integration will allow its users to earn yield on USDM’s Treasury Bill (T-Bill) backed assets while using it as a margin for trading derivatives, said the firm.
↘️T-Bill’s are short-term debt securities issued by the government to raise funds. They are considered one of the safest investments since they are backed by the government’s credit.
↘️The introduction of USDM is a significant addition to real-world assets (RWAs) in the Injective system, allowing users to directly earn yields that would traditionally go to third parties, said the firm.
Community | OTC | Reviews | Twitter | 869 |
| 14 |  ↘️Winklevoss backed UK-based non-league football club Real Bedford FC (RBFC) has made a significant acquisition of Bitcoin.
↘️Peter McCormack, the club’s founder and a prominent crypto podcaster, revealed that RBFC has acquired $4.5 million worth of Bitcoin.
Community | OTC | Reviews | Twitter | 896 |
| 15 |  ↘️One of the leading Indian crypto exchanges WazirX has been drained out of $234 million in a series of suspicious transactions today.
↘️WazirX confirmed the security breach and announced the suspension of withdrawals on the exchange temporarily.
↘️Earlier, blockchain security platform Cyvers Alerts reported that their system detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the Ethereum network.
Community | OTC | Reviews | Twitter | 875 |
| 16 |  ↘️Live event ticketing platform KYD Labs and famous New York City music venue Le Poisson Rouge (LPR) have signed a multi-year ticketing partnership to exclusively power all shows and tickets on the Layer 1 Aptos blockchain.
↘️According to the press release, this is the first that “ticketing for a venue of this magnitude” in the USA is brought completely on-chain.
↘️It represents “an unprecedented achievement for a newcomer in ticketing,” it added.
Community | OTC | Reviews | Twitter | 882 |
| 17 |  ↘️Following the recent landslide election which saw the UK Labour Party win, Prime Minister Keir Starmer has begun appointing members to the new government.
↘️Among the appointments is Member of Parliament Tulip Siddiq, who has been assigned the role of Economic Secretary to the Treasury and City Minister.
↘️The appointment places Siddiq in a position of influence over policies concerning the regulation of digital assets and central bank digital currencies in the UK.
↘️However, her previous statements suggesting a potential “crypto crackdown” have drawn scrutiny.
Community | OTC | Reviews | Twitter | 862 |
| 18 |  ↘️Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group, has been involved in facilitating online scams in Southeast Asia.
↘️The platform has facilitated transactions exceeding $11 billion, with a significant portion of these funds linked to money laundering and cyber scams, according to a recent research report by Elliptic.
↘️Using blockchain analytics, the Elliptic research team was able to quantify the cryptocurrency transactions on the Huione Guarantee.
↘️The transparency of the blockchain allowed for tracking and blocking these crypto transactions.
Community | OTC | Reviews | Twitter | 867 |
| 19 |  ↘️
El Salvador, one of the early adopters of crypto, has been continuing its “1 BTC a day program,” purchasing the crypto even during market slump.
↘️
Data from BitInfoCharts revealed that the nation’s crypto wallet address has been actively purchasing 1 Bitcoin (BTC) per day. The data emphasizes strategic accumulation through a government-controlled cold wallet since March.
↘️
The country has been consistently buying BTC daily, after the Salvadoran President Nayib Bukele announced the move in November 2022.
↘️
In March, Bukele reiterated that El Salvador will keep buying 1 Bitcoin daily, until it “becomes unaffordable with fiat currencies.” This came after the President confirmed in February that the country is currently not intending to sell its BTC reserves.
↘️
Further, the Latin American nation has transferred a “big chunk” of its crypto holdings to a cold wallet, which according to Bukele, the country’s “first Bitcoin piggy bank.”
Community | OTC | Reviews | Twitter | 874 |
| 20 |  ↘️
El Salvador, one of the early adopters of crypto, has been continuing its “1 BTC a day program,” purchasing the crypto even during market slump.
↘️
Data from BitInfoCharts revealed that the nation’s crypto wallet address has been actively purchasing 1 Bitcoin (BTC) per day. The data emphasizes strategic accumulation through a government-controlled cold wallet since March.
↘️
The country has been consistently buying BTC daily, after the Salvadoran President Nayib Bukele announced the move in November 2022.
↘️
In March, Bukele reiterated that El Salvador will keep buying 1 Bitcoin daily, until it “becomes unaffordable with fiat currencies.” This came after the President confirmed in February that the country is currently not intending to sell its BTC reserves.
↘️
Further, the Latin American nation has transferred a “big chunk” of its crypto holdings to a cold wallet, which according to Bukele, the country’s “first Bitcoin piggy bank.”
Community | OTC | Reviews | Twitter | 1 |
