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Central banks buying gold at record levels, but Bitcoin still outperforms

Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high. 

Crypto liquidations may be way worse than data has let on, suggest researchers

“Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market,” according to K33 Research.

SEC says it could challenge FTX crypto repayment plan

The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets.

Bitcoin miners see worst revenues in 11 months as difficulty climbs

August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year.

Cardano’s Chang hard fork successful as it shifts to decentralized governance

The upgrade will transform Cardano governance over the next few months, enabling ADA holders to participate in the voting process. 

Whales hoarding Bitcoin: Wallets with 100+ BTC hit 17-month high

Bitcoin whales have been increasingly active lately, gobbling up more crypto as smaller traders feel the pressure and sell their holdings. 

Dogwifhat, Popcat lead 7-day crypto slump, traders eye Oct breakout

Traders are bracing themselves for more pain in September but are looking to October and November with renewed optimism.

Ditch the memecoins — They won't motivate the next bull run

If investors want to see a bull run take off this cycle, they should shift their attention from memecoins to AI and real-world assets.

Windows previews ‘Intelligent Media Search’ that transcribes videos and audio

The feature could be very useful, but privacy analysts have raised concerns over its reach. 

Bitcoin is capped at $60K, but LTC, FET, MNT and AAVE show promise

Traders could be waiting for Bitcoin to bounce off the $55,724 support opening positions in LTC, FET, MNT and AAVE.

Vitalik Buterin has radical scheme for the pseudo-decentralization of entire cities

The Ethereum creator’s utopia seems a lot like a decentralized autonomous organization, but with taxes.

Area 51 for AI? US gov secures early access to cutting edge models

It’s unclear whether the government would be required to inform the general public in the event an AI model becomes sentient.

Bitcoin loses 8.6% in August as September starts with fresh 2-week low

BTC price conditions fail to improve over the weekend, and liquidity grabs could be on the menu next, one Bitcoin trader suggests.

Canadian court orders $1.2M Bitcoin loan repayment

The Supreme Court of British Columbia has ordered $1.2 million in damages to be paid in a Bitcoin-related loan dispute, reflecting the growing legal acceptance of cryptocurrencies.

Are Vitalik Buterin’s $10M Ethereum sales bad news for ETH bulls?

Buterin’s recent transfer of 1,100 ETH to exchanges coincides with the Ethereum Foundation’s Ether sales worth over $200 million.

Crypto losses to hacks exceed $313M in August

The two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million.

Bitcoin onchain indicator signals $58.5K price near 'favorable' buy level

A CryptoQuant contributor has indicated that a slight decrease in Bitcoin's Puell Multiple index could present a 'favorable buying opportunity.'

80-year-olds making crypto withdrawals will ‘get a call,’ says crypto exec

Independent Reserve CEO Adrian Przelozny says the exchange has a team that spends all day calling potential scam victims to question their suspicious transactions.

Telegram CEO cannot leave France, OpenSea receives Wells notice, and more: Hodler’s Digest, Aug. 25 – 31

Telegram CEO Pavel Durov has been placed under judicial supervision after a court appearance, OpenSea receives Well Notice: Hodler’s Digest

Anthropic CEO says future of AI is a hive-mind with a corporate structure

Even artificial workers can’t escape the bureaucracy.

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