Bitfinex analysts: altseason won't start until new crypto ETFs are approved

Bitcoin dominance has decreased by 6% over the past month.

However, experts assure that it should be expected only by the end of the year - after the restoration of stable inflows into funds based on bitcoin and the launch of new investment instruments.

The SEC is considering more than 70 applications for the launch of exchange-traded funds based on various cryptocurrencies.

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Paolo Ardoino said: "The world is getting darker, and it is in times like these that we need an island of stability"

- The next 10-20 years will not bring optimism: the world will increasingly go into darkness.
- In this reality, Tether wants to be not just an issuer of a stablecoin, but a "stable company" that gives people and communities a sense of support.
- The company has to think ahead and play "four-dimensional chess" - to anticipate the actions of tech giants, governments and central banks in a rapidly changing world.
- A special role is given to artificial intelligence: in 5-10 years, Ardoino believes, most payments will be made not by people, but by AI agents.

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Standard Chartered has labelled Ethereum and asset-buying companies as undervalued

Having absorbed about 5% of the asset issue, the valuation of the net worth of companies like SharpLink and BitMine minus their liabilities has fallen below the Strategy ratio.

Last week, SharpLink even said that if its net worth falls below a ratio of 1, the company will start buying back its shares. This will allow it to create a "bottom" below which the price won't fall.

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Bitcoin meanwhile repeats gold pattern with growth potential to $320k

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Nvidia reported record revenue of $46.7bn (+6% QoQ, +56% YoY) in the second quarter and net income of $26.4bn.

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Tether Launches USDT on Bitcoin Network via RGB Protocol

This will allow the asset to be transferred directly, stored together with BTC in one wallet, and enjoy private and scalable transactions, including offline transfers.

Tether CEO Paolo Ardoino noted that Bitcoin “deserves a truly native and lightweight stablecoin.” The company considers the launch on RGB an important step towards turning Bitcoin into a base for global money.

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The US government is now publishing statistics on blockchains

Including: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, Polygon and Optimism

These data providers use Chainlink and Pyth Network oracles.

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Spot Ethereum ETF Inflows Surpass BTC ETFs in August

Since the start of this month, total capital inflows into ETH ETFs have reached $4 billion.

Spot BTC ETFs have seen $624 million withdrawn in August.

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Two bullish megaphone patterns have formed on the daily Bitcoin chart

This may signal preparation for new historical highs.

The local formation opens the way to targets above $140,000, but the global one, which has been forming for 280 days, may launch a rally above $200,000.

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An Ethereum ICO participant remembered about his savings

So the wallet has been dormant for over 10 years, and today it made a test transaction for 0.001 ETH.

It has a total of 158 ETH ($694,000, which was purchased for $49.

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The government of El Salvador has reallocated 6,284 BTC ($680m) to 14 new addresses

According to authorities: this will reduce hacking risks and protect assets from a potential quantum threat.

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ZachXBT has accused Ripple, Cardano and Hedera of operating models that resemble insider enrichment schemes

As an example, he talks about the transfer of 50 million XRP by Ripple co-founder Chris Larsen, of which about $140 million went to exchanges, which coincided with a drop in the coin's price by more than 20 per cent.

He said holders of XRP and the other projects mentioned "bring no value to the industry other than providing liquidity for insiders."

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Individual investors control 13.83 million BTC

This was calculated by specialists from the River company. Recently, corporations and funds have approached this category, having accumulated shares of 6.2% (1.3 million BTC) and 7.8% (1.63 million BTC), respectively.

According to their estimates, 7.6% (1.58 million BTC) of the first cryptocurrency supply has been irretrievably lost for various reasons. Another 4.6% or ~1 million coins are stored at addresses attributed to Satoshi Nakamoto. It is unknown whether anyone has access to these assets.

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On Hyperliquid, one of the traders increased his deposit from $1 million to $26 million

Thus demonstrating a rare example of successful trading with high leverage.

Now he has opened a new long on ETH with 20x leverage for $29.5 million. The entry price is $4,396, the current price is $4,473, and the liquidation is at $440.

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ETH Ends Month at Highest Level for First Time Since 2021

While BTC reserves remain stable on Binance, ETH is shrinking as people prioritize hoarding Ether.

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Analyst and co-founder of Real Vision Raul Pal believes that the crypto industry is growing twice as fast as the internet and is heading towards 4 billion users by 2030

From this he derives a target market capitalisation of around $100 trillion in 2032-2034. This is more than 25 times more than today.

Among the drivers of growth he singles out: mass adoption and the influx of liquidity, which historically explain the bulk of price growth, according to his model.

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Whales have bought at least 260,000 ETH ($1.1 billion) in the last 24 hours

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A week earlier, Bitmine acquired another 153,075 ETH ($668 million). They now own 1,866,974 ETH ($8.15bn).

SharpLink acquired 39,008 ETH and now walks 837,230 ETH.

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