The Ethereum Network is looking at the rapid signals, the network recording is a year of 1.8 million transactions in this month. More ether is being locked in the network as American regulators release guidance and definitions for stacking.
Bitcoin (BTC) is in a recession, meanwhile, the currency trading is more than 5% in the last 30 days. The trade of $ 2.7 billion whale gave rise to a flash accident on 24 August.
Bitcoin Treasury Countries continue to issue loans for their major bitcoin purchases. In August, Strategy and Metaplanet raised 5,370 BTC between them.
In the US, state regulator Crypto is working with senior citizens advocacy groups to ban ATMs, which are often used to cheat. Two states have enacted further laws in the last month.
Here is the number of August.
Ethereum transaction hit high in the year with 36 million Eth in August
The transaction on the Ethereum Network was hit on a year high on August 5 when the blockchain processed more than 1.8 million transactions.
The annual record arrives because the Ethereum Network sets new records for ether (Eth); About 30% of the Ether supply is now locked. This large number of stacked ether indicates that investors are hunk down. They stake their investment on exchanges and receive prizes compared to selling.
Connected: Spot Ether ETF staking ‘dramatically can reopen the market’
The US Securities and Exchange Commission issued a statement, defined and explained its ideas on liquid stacking. Many people meant that an ether exchange-traded fund (ETF) could be incoming with stacking.
Whale sells $ 2.7 billion in bitcoin, Sparks Meltdown
On August 24, a bitcoin whale sold the price of 24,000 BTC for about $ 2.7 billion, causing a flash crashed into the bitcoin markets. According to QCP, accident Destroyed Some $ 500 million in leveraged posts during minutes.
Prior to sale, Bitcoin was trading in a narrow range, while Ether set new records high. Bitcoin dominated by 60% to 57% in August. Bitcoin dominance is still fine where it was in the 2021 Altcoin season, but if Ether ETF is approved with stacking, it can feed the story that ETH will do better soon, QCP said.
13 American states now have boundaries at bitcoin ATMs
Road Island and Wisconsin of the US states introduced a law regulating the Crypto Kiosk in August, bringing the total number of states with such rules up to 13. Some municipalities, such as Stillwater, Minnesota and Spocane, Washington have yet gone to ban them outright.
Many ATM scams target senior citizens, which are unfamiliar with new techniques such as bitcoin and crypto. Many laws in the state were written with the support and guidance of the American Association of Retired Persons, an interest group that focuses on issues affecting people over the age of 50.
Metaplanet receives 1,859 BTC; Strategy NABS 3,511 BTC
Bitcoin Treasury, Trendsetting Firm for Strategy, purchased 3,511 BTC in August. With bitcoin at an average price of $ 116,000 in August, it purchases a total bitcoin of strategy for around $ 407.2 million.
Japanese investment company Metaplanet added more bitcoins to its cofers, scooping some 1,859 BTC. At the average price above, its total bitcoin purchase for August is more than $ 215.6 million.
Hackers net worth $ 53 million from DEFI exploits in August
Difilama data suggests that the cyber criminal stole $ 53 million from the decentralized finance (DEFI) exploits in August, with a lion part of the lion with a $ 48 million hack of the Turkish Cryptocurrency Exchange.
The crypto industry is making a concrete effort to deal with hack, which are becoming more normal. Some are not so optimistic in the industry. Rongui Gu, Professor of Computer Science at Columbia University and co-founder of Blockchain Security Platform Cartic, Said during a cointelegraph chain reaction Daily live X space shows, “This is an endless war” between hackers and security experts.
Bitcoin increases by 1.7% of global money supply
Bitcoin Financial Services Company River’s August 1 report found that Bitcoin is now 1.7% of the global money supply.
The company came to the conclusion by weighing the market capitalization of bitcoin against $ 112.9-trilian baskets and hard money in the company Fiat currencies, including silver, platinum and foreign metals.
The river study admitted that the market capitalization of bitcoin is $ 2.4 trillion. At the time of publication, the BTC market cap is $ 2.21 trillion, with a part of the global funds of bitcoins to close to 1.6%.
magazine: One thing is common in these 6 global crypto hubs all …
