Phantom will end support for Sui on September 24, urging users to move funds or swap assets beforehand with fees waived.
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🇺🇸 ETF FLOWS
Crypto spot ETFs saw broad net inflows last week, with BTC leading at $1.92B and ETH at $697.18M.
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Crypto spot ETFs saw broad net inflows last week, with BTC leading at $1.92B and ETH at $697.18M.
BTC: $1.92B
ETH: $697.18M
XRP: $39.78M
SOL: $28.34M
LINK: $13.35M
HYPE: $3.89M
AVAX: $1.30M
HBAR: $848.19K
DOGE: $654.42K
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Crypto Week Ahead: Key Events
The upcoming week is set to be eventful for the crypto market, with several key events on the horizon. The Jackson Hole Symposium, a prominent economic conference, is scheduled to take place, potentially influencing market sentiment. Additionally, the U.S. Personal Consumption Expenditures (PCE) prices will be released, providing insight into inflation rates. IREN, a renewable energy company, is also set to announce its earnings, which may have implications for the crypto market. As these events unfold, market participants will be closely watching for any potential impacts on the crypto space.
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Trump and Melania Memecoins Pump Over 100%
The memecoins TRUMP and MELANIA have seen significant price increases since the August 19 crypto summit at the White House. The crypto community is expecting further potential price pumps before the November midterm elections to the US Congress.
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Bitcoin Rallies Attract New Crypto Buyers, Study Finds
A recent Fed experiment has shed light on how bitcoin rallies influence the adoption of cryptocurrencies. Households shown bitcoin's prior-year return were 23% more likely to report owning crypto in a follow-up survey, suggesting a correlation between the two. The findings are based on an unverified source and require further investigation to confirm their accuracy.
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Bitcoin Steadies Near $78,000
Bitcoin's price remains relatively stable near $78,000 after a significant 24% surge last week. The surge was triggered by a Treasury buyback announcement that affected short positions, resulting in over $3 billion in losses. Meanwhile, gold prices are rising, and altcoins are consolidating after their best week in three years.
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🔥 Circle minted 500,000,000 $USDC on Solana.
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Strategy bought no Bitcoin last week but established a $1.59B cash pool for future BTC purchases.
Strategy still holds 840,447 $BTC.
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🇺🇸 Vivek Ramaswamy's 'Strive' buys 1,100 Bitcoin worth $85 million.
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Forwarded from Bitcoin Insights
Strive acquired an additional 1,110 $BTC for $81.5M at an average cost of $73,409 per bitcoin, bringing total holdings to ₿21,356.
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Citadel Warns of Potential US Dollar Weakening
Financial firm Citadel has expressed concerns that the US Treasury's expanded bond buybacks could lead to a weakening of the US dollar and increased inflation. The exact implications of this move are still unclear and require further monitoring.
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Illinois Digital Asset Tax Faces Court Challenge
Two digital asset advocacy groups have filed a lawsuit against Illinois, arguing that the state's 0.2% crypto tax is unconstitutional and violates due process. This is the second such lawsuit in recent months, following a similar challenge by the Digital Chamber in July.
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U.S. Treasury Secretary Scott Bessent said every country supporting Iran should be prepared to face U.S. sanctions.
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Coinbase-Backed Group Endorses US Midterm Candidates
A Coinbase-affiliated advocacy group, Stand With Crypto, has announced its support for certain candidates in the upcoming US general election. The group aims to 'elect the most pro-crypto Congress in history'.
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Forwarded from Pavel Durov (Pavel Durov)
In an unprecedented move, French authorities accused the head of a major platform of crimes committed by its users.
That investigation is still ongoing, although it makes less sense with each passing year.
Why?
Because we now have extensive evidence that Telegram was neither worse than other popular platforms at moderation, nor the worst at cooperating with authorities.
So why was Telegram singled out?
Over the last two years, we have seen a pattern emerge in multiple countries: Telegram is quietly pressured to grant political favors — such as illegal censorship or surveillance. When we refuse, local media and “non-governmental” organizations launch orchestrated campaigns portraying Telegram as a cesspool of crime, from child pornography to terrorism.
Our moderation is no worse than that of other major platforms. Yet these campaigns instill the idea that Telegram should be persecuted or restricted.
Suddenly, officials start caring about crime and protecting children — but only on platforms that reject their secret political demands. Platforms that accept such deals get away with almost anything — including literally selling ads promoting child pornography.
Is the French investigation against me political? It certainly fits the pattern we see elsewhere, mostly in authoritarian countries. And it definitely raises questions.
In time, this investigation may itself be investigated — especially now that Macron’s war against free speech is facing pushback. This month, France’s Constitutional Council struck down his social media ban for children under 15 on freedom-of-expression grounds.
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France 24
France's top court blocks Macron's social media ban for under-15s
France's constitutional council struck down a proposed ban on social media for children under 15 on Friday, citing freedom of expression. President Emmanuel Macron tasked Prime Minister Sébastien Lecornu…
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