TinTucBitcoin.com - Continuously update the latest news about Bitcoin and the cryptocurrency market. Bring you the most accurate and fastest information.
Collins: Interest Rates Should Be Raised Early If Inflation Is Not Falling Sustainably
Fedโs Collins said U.S. inflation is still too high and that interest rates may need to be raised sooner if there is not enough evidence of a durable trend of falling inflation. She said the labor market is consistent with a state of full employment, while the economy is growing near its trend pace. Collins will monitor whether inflation can be reduced sustainably toward the 2% target in the coming months. Collins said that applying additional tariffs at a limited level and progress in reopening the Strait of Hormuz could help support a disinflation trend. Higher long-term interest rates are also expected to limit the risk of demand accelerating again.
Hivemind Digital Group raises USD 17 million, FalconX invests
Hivemind Digital Group has completed a strategic funding round worth USD 17 million led by the UK asset management firm M&G Investments, with the participation of multiple organizations in the finance and digital assets sectors. The capital will be used to develop tokenized asset infrastructure and to research the application of blockchain technology in the management, issuance, and trading of traditional financial assets.
Grayscale launched a Zcash ETF (ZCSH) on NYSE Arca on Tuesday, providing investors with direct access to Zcash (ZEC) for the first time. The product was converted from the Grayscale Zcash Trust and applies a 2.5% fee. As of Monday, the trust fund managed more than $313.5 million in assets. ETF ZCSH has a fee of 2.5%, with revenue from the fees to be redirected back to the Zcash ecosystem to support the network and development activities, as a spokesperson for Grayscale said.
U.S. Department of the Treasury establishes a quantum technology risk response group
The U.S. Department of the Treasury has launched the Quantum-Ready Working Group to support the financial industry in an orderly transition to quantum-resistant technologies and to enhance operational resilience. This group is organized according to a public-private partnership model, and aligns with the roadmap for the transition to post-quantum cryptography of the G7 Cybersecurity Expert Group. The Quantum-Ready Working Group will deploy three tracks: industry coordination and the transition to post-quantum cryptography; the readiness level of third parties and suppliers; and the associated risks related to digital assets and emerging technologies.
CASHCAT Surges 53%, Sets New ATH: Can the Bull Side Maintain the Uptrend?
CASHCAT has surpassed the 0.2 USD mark and rose 53% in 24 hours to an all-time high of 0.237 USD. The rally has shifted the value of a large whale holding from unrealized losses to unrealized gains. Trading volume, market capitalization, and activity in the derivatives market all surged as well. However, technical data also indicates that CASHCAT is in a zone with high buy pressure. MAIN CONTENT CASHCAT has risen to 0.237 USD, while the most recent stated trading price is 0.2228 USD.
SOL breaks above 100 USD, retest 103.5 USD: How long before it breaks 115 USD?
Solana (SOL) rose 7% in 24 hours and extended its weekly gains to 32% after breaking above the two-month resistance zone at 78โ79 USD. The uptrend has pushed SOL above 100 USD, but the price still needs to conquer the 103.16โ103.50 USD zone to confirm that the upward momentum continues. Source: TradingView SOL maintains its price zone after breaking above 79 USD SOL has formed a clearer recovery structure after breaking above the 78โ79 USD zone, with a new short-term support zone in the range of 92โ97 USD.
New whale group profits $1.2 billion in 3 days, record level
Bitcoin has surpassed the short-term cost basis of a new cohort of whales, around $68,900, enabling this group to record over $1.2 billion in profit over three daysโthe largest take-profit level ever in the dataset for the group. On August 20 alone, the whalesโ take-profit gains reached $614 million, also a record high for a single day. Before that, these positions had been in losses for many months. The recovery momentum allows the new whale group to exit positions at breakeven or with profit. Bitcoin needs to stay above the cost-basis zone of around $70,000 to show that new demand is absorbing the supply being sold.
Dogecoin is up 33%, but itโs still not the strongest-performing coin
Dogecoin (DOGE) is up about 33% over the month, while Official Trump (TRUMP), Pudgy Penguins (PENGU), and Pepe (PEPE) have recorded higher gains. The rally is spreading across the memecoin group, but the Altcoin Season index at 39 suggests this move is not yet enough to confirm a full-market altcoin season. Dogecoin leads the memecoin rally Dogecoin is up about 33% since the start of the month and is trading near $0.091, alongside indicators showing that buying pressure and participation in the derivatives market are both increasing.
Leveraged ETFs tied to Samsung and SK Hynix lose nearly $1 billion this month
Leveraged ETFs linked to Samsung Electronics and SK Hynix saw nearly $1 billion in outflows in August, as interest in AI trading waned and related investment activities were tightened by regulation. Cash outflows from products tracked by Samsung Electronics amounted to 381 million USD, while products linked to SK Hynix recorded 601 million USD. This is the first month these ETFs have recorded net negative cash flows since they were listed at the end of May.
Altseason is closeโare crypto markets ready for an uptrend like in 2021?
The altcoin market is sending recovery signals, as Total2 market capitalization rises by about $21.5 billion in three days and returns above the $1 trillion mark. The upward momentum is more clearly concentrated in the mid- and small-cap altcoin group, but indicators have not yet confirmed a full altcoin season. Small- and mid-cap altcoins lead the recovery rally Altcoin market capitalization, excluding Bitcoin and Ethereum, has grown 24% from August 19 to 22, bringing Total2 back above $1 trillion.
Las Vegas businessman sentenced for $24 million crypto fraud, faces up to 280 years in prison
Brent Kovar, a businessman in Las Vegas, was convicted by a jury on charges related to a crypto Ponzi scheme worth $24 million and could face a sentence of up to 280 years in prison. The U.S. Department of Justice said that Kovar used investorsโ money to run Profit Connect, and also took new funds to repay earlier investors under the guise of profits from cryptocurrency mining activities.
Can ETHFI buyers push the price up to the $0.73 imbalance zone?
ether.fi (ETHFI) has recovered after holding the $0.60 support zone, as whale activity and buying pressure in the spot market have increased. The imbalance zone from $0.69 to $0.73 is a notable technical target area if ETHFI continues its recovery momentum. ETHFI holds the $0.60 support zone ETHFI is defending the $0.60 support zone, thereby enabling the buyers to regain control after a recent weakening phase.
Trader Uses $90,000 to Leverage 50x Long 49 BTC, Earning $810,000
A trader turned $90,000 into $966,000 by opening a 50x leveraged long position of 49 BTC on Aster, according to Lookonchain data released on 25/8. The position has a notional size of $3.95 million and is recording unrealized profit of $810,000, equivalent to a 1,025% increase compared with the initial capital. Source: https://tintucbitcoin.com/trader-dung-90-000-usd-don-bay-50x-long-49-btc-lai-810-000-usd/ Thank you for reading this article!
Binance Alpha will list Teller (DEBIT) on August 26, according to an official announcement. Eligible users can receive an airdrop with Binance Alpha points after DEBIT trading opens. Users need to access the Alpha event page to submit a request to receive an airdrop. Specific details about the program have not been disclosed yet and will be announced separately. Source: https://tintucbitcoin.com/binance-alpha-niem-yet-teller-debit-vao-ngay-26-8/
AAVE Surges 11% but Meets Resistance at $145.55: Breakthrough or Rejection?
Aave (AAVE) rose 11.25%, pushing the price close to the 145.55 USD resistance level amid stronger futures buying and net capital flows in the spot market shifting to net outflows. Trading volume reached 770.74 million USD, indicating an increase accompanied by greater participation. However, AAVE still needs to decisively break above 145.55 USD to extend the rebound momentum toward the 180 USD zone. Buy-side pressure in futures contracts strengthens AAVEโs uptrend
Important news from the night of 24/8 to the morning of 25/8
Cosmos EVM encountered a security issue, leading to an attack on the TAC Blockchain and a loss of approximately $7.5 million. TAC temporarily halted the network, freezing all transactions, deposits, and withdrawals. TAC said the vulnerability lies in the precompile layer of the Cosmos EVM module, allowing an attacker to transfer approximately 2.986 billion TAC tokens from a custodial account. The incident only affects TAC tokens and does not create any new tokens. The TAC team is coordinating with exchanges to track the stolen funds. Previously, MANTRA Chain also reported an attack believed to be related to the same Cosmos EVM module.