The ETH Trueo Prediction Market Protocol has announced its move from Base to Ethereum. The developers argue that Ethereum's development potential remains significantly underestimated. By launching on Ethereum, Trueo aims to be situated near the most liquid cryptocurrency markets and within reach of the ecosystems built by major players in the industry.

Vitalik Buterin has expressed his enthusiasm, stating that Ethereum Layer 1 will soon host a new prominent participant in the prediction market. He emphasized that this project is committed to decentralization and ethical principles, setting itself apart from corporate agendas and focusing on innovative, meaningful initiatives within the blockchain ecosystem.

Santiment: FOMO for Bitcoin has reached its highest level since 2024.

As optimism becomes increasingly one-sided, caution is advised. Open interest rose by 7.6 percent to around $156 billion, despite the liquidation of approximately $800 million in short positions within 24 hours. This suggests that traders are choosing to re-enter the market with new leverage rather than scaling back their expectations. Such dynamics often precede a market correction.

Animoca Brands is suspending the previously agreed-upon merger that was intended to take the company public.

Santiment: Trading activity has surged markedly alongside rising prices. Bitcoin (#BTC) and major altcoins are recording their highest total weekly volume since early March, signaling a renewed interest in the markets.

A sudden spike in volume usually indicates that traders have shifted from caution to increased confidence. More market participants are now pursuing breakouts, shifting focus to altcoins, and re-entering leveraged positions as their optimism intensifies.

Santiment reports that trading activity has increased markedly alongside rising prices. Bitcoin (#BTC) and leading altcoins are seeing their highest weekly trading volumes since early March, signaling a renewed level of market engagement.

This abrupt surge in trading volume generally indicates a shift among traders from caution to increased confidence. More market participants are now pursuing breakouts, reallocating capital into altcoins, and returning to leveraged positions as their optimism intensifies.

In his latest essay, Arthur Hayes argues that the recent efforts by US AI laboratories such as Anthropic and OpenAI to slow down artificial general intelligence development under the guise of security concerns may, in fact, stem from a different underlying issue: weaker-than-expected demand at current price levels. Hayes highlights that declining training costs could diminish the demand for data centers and specialized chips, potentially destabilizing segments of the tech industry.

He further contends that the mounting credit stress within the financial system could compel the US government to act as a "buyer of last resort" for computing hardware or to provide support to insurers increasingly burdened with AI-related liabilities. Such measures, Hayes suggests, would likely increase dollar liquidity, thereby providing a boost to Bitcoin and other cryptocurrencies.

In his latest essay, Arthur Hayes suggests that the recent efforts by US AI laboratories such as Anthropic and OpenAI to slow the progress of artificial general intelligence (AGI) due to security concerns may actually reflect a response to subdued demand at current pricing levels. He notes that decreasing training costs could suppress the market for data centers and semiconductors.

Hayes further contends that emerging credit strains could ultimately compel the US government to act as a "buyer of last resort" for computing hardware or to assist insurers grappling with AI-related liabilities. Such measures, he argues, would bolster dollar liquidity and favor cryptocurrencies like Bitcoin and other digital assets.

Yesterday, the total net inflow into spot Bitcoin ETFs approached $999 million, marking a significant surge. Meanwhile, spot Ethereum ETFs saw net inflows of $270 million.

ETH mining operation continues aggressive accumulation: today, an additional 12,500 ETH—valued at approximately $34.55 million—was transferred from Kraken.

Kakao Pay and KakaoBank are exploring the potential integration of stablecoins in partnership with Fireblocks. cointelegraph.com

In the past 24 hours, derivatives contracts worth more than one billion dollars have been forcibly closed.

#BTC has risen by 38% since Jim Cramer made an announcement on August 3rd regarding its selling point.

At that time, BTC was valued at approximately $63,000. It has now increased to $87,000, representing a $24,000 gain over the past 49 days.

During this period, #BTC's market capitalization has expanded by $475 billion.

#BTC has risen by 38 percent since Jim Cramer announced on August 3rd its supposed selling point.

At that time, the cryptocurrency was valued at around $63,000. It has since increased to $87,000, a gain of $24,000 over the past 49 days.

During this period, Bitcoin’s market capitalization has expanded by approximately $475 billion.

SOPH (Sophon) Trading Advisory Notice
upbit.com
#Upbit #Listing
⏱️ Time (UTC): 06:00:08.904

Amid the increasing price of Bitcoin, the trader faced four liquidations within just 14 hours, culminating in the total loss of his short positions amounting to 375.8 BTC (approximately $32.55 million).

Amid the rally in Bitcoin's value, the trader faced four liquidations within a span of 14 hours, culminating in the full liquidation of his short positions totaling 375.8 BTC, equivalent to approximately $32.55 million.

Injective (INJ) Trading Restrictions Lifted

Upbit has announced the removal of trading restrictions on Injective (INJ). Details are available on their official notice page: upbit.com.

A bitcoin wallet associated with one of the earliest users of the cryptocurrency has moved its entire holdings after over 14 years of dormancy. The wallet, which received 600 BTC fourteen years ago when the cryptocurrency's value was merely $8 per bitcoin, has now transferred all its coins. The total amount, valued at approximately $51.28 million at current prices, has remained untouched for more than a decade. This movement marks the first activity in years, highlighting the astonishing growth from an initial investment of just $4,800 to a current unrealized profit exceeding fifty-one million dollars—a return of over ten thousand times the original amount.

Russia emphasizes that establishing a regulated cryptocurrency market remains a top priority.

According to Deputy Finance Minister Chebeskov in an interview with TASS, the volume of cryptocurrency transactions in Russia amounts to approximately 50 billion rubles daily.