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Eric Trump denied claims Donald Trump is launching a new coin, calling them false and fraudulent.

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Super Micro Finds No Evidence of Nvidia Diversion

Super Micro has concluded its probe into allegations that Nvidia diverted $2.5 billion to China. The company found no evidence that management was aware of the alleged diversion.

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POV: You shorted the historic low

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🇺🇸 OpenAI supports California’s SB 53 and urges frontier-model monitoring and stronger cybersecurity safeguards.

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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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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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