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Bitcoin demand sharply declining since April — CryptoQuant

The slowdown in Bitcoin demand can be attributed to a sharp decline in purchases in the United States.

Private transactions now dominate Ethereum order flow: Report

Private orders consume more than 50% of gas used on Ethereum, according to Blocknative.

Donald Trump floats making Elon Musk a Cabinet member

After a public endorsement from the Tesla CEO and an X Spaces discussion, Donald Trump said he would consider placing Elon Musk in a Cabinet position in 2025.

Bitcoin whales now add just 1% to their BTC holdings per month

Bitcoin large-volume investors have slowed their BTC accumulation to a crawl versus the run-up to all-time highs earlier this year.

Beat crypto airdrop bots, Illuvium’s new features coming, PGA Tour Rise: Web3 Gamer

Illuvium founder asks: Where are all the new Web3 Games? NFT allowlist to eliminate gaming bots, official PGA golf tour game. Web3 Gamer.

Nigerian SEC to issue crypto platform licenses as market size grows: Report

In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading.

Bitcoin mining expenses surge 168% amid capacity growth

BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving.

Binance’s return to India comes with $86M tax demand

While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.

Base hits 4M active addresses amid ‘Onchain Summer’ campaign

Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year. 

Ledn secures industry-first $50M Bitcoin-backed syndicated loan

Ledn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.

Starknet set for first mainnet staking vote: What STRK holders need to know

Starknet’s inaugural staking vote introduces mechanisms for minting and parameter adjustments, paving the way for staking by October 2024.

Linea receives first contributor for open-source L2 rollup

Status partners with Linea, marking the beginning of a significant contribution to Linea’s zkEVM-powered L2 rollup as part of a broader decentralization effort.

State Street reveals digital asset platform for institutional clients

The firm revealed it has “$44.3 trillion in assets under custody and/or administration and $4.4 trillion in assets under management.”

Adobe rival Procreate bets against gen AI to support human creativity

In stark contrast to mainstream competitors, Procreate has said it would not use generative AI features in its products to protect artists.

Bitcoin seen following stocks as BTC price gains 2.5% to attack $61K

Bitcoin stands to gain from increasingly risk-on macro sentiment, but can it shift a stubborn BTC price range?

Tether mints another $1B USDT on Tron network

Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.

3 reasons why Bitcoin won’t be ‘boring’ in September

While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024.

$24M CryptoPunk NFT sold quietly as market interest fades

The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss. 

Hong Kong issues generative AI guidelines for consumer protection

The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.

Ether hits $2.6K as metrics suggest it’s in 'late stages’ of correction

Rising Open Interest of Ether and a “positive” taker-buy sell ratio has a crypto analyst optimistic that Ether’s lengthy correction is nearing its end. 

Mango Markets DAO mulls offering settlement with SEC

The proposed settlement involves Mango DAO neither admitting nor denying wrongdoing and paying a $223,228 fine. 

Unknown crypto whale has been scooping up WBTC amid controversy

According to Lookonchain, an unknown wallet address has accumulated more than $118 million worth of Wrapped Bitcoin in the last week.

Crypto super PAC Fairshake just lost a billionaire Dem donor: Report

Top Democratic Party donor Ron Conway has split from pro-crypto Fairshake PAC after it pledged to back a Republican candidate without his knowledge.

Malicious ‘bull checker’ chrome extension found targeting Solana users

Decentralized exchange aggregator Jupiter has alerted users of a malicious browser extension that apparently managed to sneak through Solana’s drainer checks. 

Judge denies SEC attempt to hamper Tron’s defense amid dismissal ploy

Justin Sun and his associated companies are “not challenging the ‘common enterprise’ element of the Howey test,” ruled the New York District Judge.  

Analysts optimistic as liquidity ticks and Bitcoin ‘forced selling’ is over

Bitcoin’s major sell-offs are over and now analysts see the US election and global liquidity as the next big drivers for Bitcoin.

Debate shifts negative as Solana memecoin trading volume dips

A Messari data engineer has called it the “most extractive crypto phenomenon” since the ICO boom, but the jury's still out on that one. 

China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’

Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019. 

Shaquille O’Neal may still be in hot water over Astral NFTs, says judge

A Miami judge didn’t dismiss a claim that basketball legend Shaquille O’Neal was a “seller” of Astrals NFTs and found they could be securities under US law.

Bitcoin’s range-bound price action could kickstart BNB, TON, AAVE and HNT

Bitcoin’s price consolidation could convince traders that it's time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph's radar.

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