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UK crypto advocate Andy Burnham is poised to take office as the next prime minister.

He previously championed the goal of turning Manchester into a major hub for Web3 technology.


💛 @Cryptocurrency_Inside

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Originally envisioned as a $6 billion "African Dubai," Akon City was to feature skyscrapers, a futuristic design, and its own cryptocurrency, Akoin.

However, eight years later, the only thing standing is an incomplete Welcome Center.

The project is now widely regarded as one of the most significant failures and scams of the crypto hype era.


💛 @Cryptocurrency_Inside

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BTC : $64583
ETH : $1871.13
BNB : $568.67
SOL : $76.69

Market Cap

Total : 2.29T
DeFi : 91.2B
24hr Vol : 57.22B

Sentiment

FGI : Fear (29)
Open Interest : 47.85B
24h Liquidation : $189.9M

💛 @Cryptocurrency_Inside

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Strategy has just increased its USD reserves by $225 million to $3.22 billion through common stock ATM offering to support its perpetual preferred stock dividends.

It now has over 22 months of preferred stock dividend coverage.


🔥 @Bitcoin_Insights

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Tokenized real-world assets have surged more than tenfold since the beginning of 2024.

Excluding stablecoins, they recently reached an all-time high exceeding $33 billion.

However, much of this capital remains inaccessible due to high entry barriers; some tokenized private credit funds demand a minimum of $500,000, while certain corporate credit deals start at $5 million.

Does this imply that tokenization is beyond the reach of retail investors?
Not at all.

A new report by 8lends, featured in Cointelegraph Research, explores how emerging tokenized lending models are working to close this gap.


💛 @Cryptocurrency_Inside

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🇳🇬 Nigeria Pres. Bola Tinubu signs an executive order on virtual assets and launches a council to streamline crypto regulation.


💛 @Cryptocurrency_Inside

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Following the acquisition of $2.8 billion in new AI infrastructure contracts, Bitcoin miner IREN has increased its AI cloud revenue forecast to exceed $4 billion, prompting a 16% surge in its stock price.


💛 @Cryptocurrency_Inside

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AI is making human labor more cost-effective than software. George Sivulka, CEO of Hebbia, shared insights with venture fund Andreessen Horowitz (a16z) stating that artificial intelligence isn't replacing workers, but rather reshaping how work is structured.

He highlighted a significant shift:
for the first time, humans are cheaper than software. Consequently, companies are focusing on managing AI agents instead of building new models.

Yet, despite this trend, tech firms are still conducting large-scale layoffs while increasingly automating their processes with AI.


💛 @Cryptocurrency_Inside

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London Stock Exchange plans to launch round-the-clock trading in early 2027, aiming to win back retail investors drawn to 24/7 crypto platforms.


💛 @Cryptocurrency_Inside

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A wallet with $3.7 million in Ethereum has just been activated after sitting idle for 11 years.

The owner originally purchased the #ETH when the price was just $0.31 per coin.

They held through every major market crash without selling, securing a return of 6,100 times their investment over the last decade.


💛 @Cryptocurrency_Inside

Binance Founder CZ:

"crypto is not going away."
"AI will need to use money. You will need money."


💛 @Cryptocurrency_Inside

🧠 Is the market waiting for a price drop that might never happen?

While many traders anticipate one last collapse, Bitcoin has already climbed back above $66,000 for the first time since mid-June.

The primary reason for this bearish sentiment is straightforward: historical cycles featured deeper drawdowns.

However, Bitcoin's corrections have been shrinking with each cycle, making blind comparisons to past markets increasingly unreliable.

Meanwhile, whales continue placing buy orders between $60,000 and $48,000.

This doesn't necessarily mean they are expecting a crash; rather, it likely reflects a strategy of accumulating on weakness while already holding significant positions.

A new low is still possible, but it would probably require a major catalyst, such as a sharp sell-off in equities, a severe geopolitical shock, or another unexpected black swan event.

For long-term investors, the key takeaway is simple: market bottoms are built through accumulation, not perfect timing.

💛 @Cryptocurrency_Inside

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Vitalik Buterin urges a slowdown in artificial intelligence development.

He argues that we are moving too fast without confirming whether humans will keep any unique edge over machines.

Buterin warns that once Artificial General Intelligence (AGI) arrives, it will be irreversible, automating the vast majority of jobs and ending our guaranteed role as leaders.

To mitigate the risks of power becoming too concentrated, he supports a more gradual pace of progress, open-source model creation, and a deeper integration between humans and technology.


💛 @Cryptocurrency_Inside

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According to Reuters, the US and China are scheduled to hold AI talks in September, with Treasury Secretary Scott Bessent heading the US delegation.


💛 @Cryptocurrency_Inside

Trump Agrees to Crypto Ethics Standards

Following months of discussions, lawmakers appear to have struck a deal on the CLARITY Act, the proposed legislation for U.S. crypto market oversight.

Reports from The Block indicate that Donald Trump has accepted an ethics clause barring the President, members of Congress, and other top officials from earning profits from digital assets while serving in their roles.

Should the bill pass, it aims to minimize conflicts of interest and bolster public confidence in crypto regulations. The main uncertainty remains whether these rules will be rigorous enough to block potential loopholes or if they will ultimately serve more as a symbolic gesture than a game-changer.

🔥 @Bitcoin_Insights

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BTC : $66,124
ETH : $1,624.95
BNB : $576.90
SOL : $77.97

Market Cap

Total : $2.33T
DeFi : $67.3B
24hr Vol : $70.3B

Sentiment

FGI : Fear (39)
Open Interest : $110.74B
24h Liquidation : $163.2M

The crypto market is extending its recovery, with Bitcoin pushing above $66K and total market capitalization back above $2.3T.

Sentiment has improved, but the market still remains cautious.

Open interest is elevated while liquidations are moderate, showing leverage is rebuilding without an extreme flush.


💛 @Cryptocurrency_Inside

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According to Token Terminal, Ethereum's staking ratio has hit a record high of 33.9%.


💛 @Cryptocurrency_Inside

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Russia's State Duma has approved a significant cryptocurrency law.

The legislation will take effect on September 1, pending final approval and signature from President Vladimir Putin.


🔥 @Bitcoin_Insights

🧠 New Market Signal Emerges: The FIFA World Cup

Crypto Twitter has identified a fresh "indicator"—the World Cup.

Bitcoin hit a low near $16K during the 2022 Qatar World Cup, just before the current bull market kicked off.

Now that another tournament has concluded, traders are hoping for history to repeat itself.

However, there is one key difference. In 2022, the market was recovering from the FTX collapse and a wave of bankruptcies, leading to peak capitulation.

This time, the World Cup has ended amidst uncertainty, with no major industry failures and on-chain data showing no signs of widespread panic selling.

It is an entertaining coincidence, but we would still rely on on-chain metrics, liquidity, and macro conditions far more than the football calendar when trying to predict Bitcoin's next move.

💛 @Cryptocurrency_Inside

Pavel Durov on Telegram:

🌍 This summer will see the largest rollout of a non-custodial crypto wallet in human history.

⚡️Instant zero-fee crypto transactions for over a billion users are about to become reality.

💎 We're bringing a native non-custodial Gram wallet to every Telegram app! 🏳️

💛 @Cryptocurrency_Inside