The Ethereum network detects bullish signals, with a network recording of a person high of 1.8 million transactions this month. More ether is locked in the network as American regulators release guides and definitions for staking.
Bitcoin (Btc) is in a slump, meanwhile, with money trading over 5% in the last 30 days. A $ 2.7-billion whale trade led to a flash crash on August 24th.
Bitcoin treasury countries continue to release debt to fund their major Bitcoin purchases. In August, the approach and metaplanet took 5,370 BTCs between the two.
In the US, state regulators work in senior citizen advocacy groups to tighten crypto ATMs, which are often used to make fraud. Two states state the law last month.
Here’s the August of the numbers.
Transactions to Ethereum hit the year high in August with 36 million eth staked
Transactions to the Ethereum network hit a year high on August 5 when the blockchain processed more than 1.8 million transactions.
The annual note arrives as the Ethereum network sets new records for Ether (Eth) staked; Almost 30% of the ether supply is now locked. This large number of staked ether indicates that investors are declining. They would rather have their investments in exchanges and receive rewards than sell.
Related: Spot Ether ETF Staking can ‘noticeably reshape the market’
The US Securities and Exchange Commission issued a statement, defining and explaining its views on liquid staking. Many have said that an ether exchange-traded fund (ETF) with staking may come in.
Whale sells $ 2.7 billion to Bitcoin, sparks meltdown
On August 24, a Bitcoin Whale sold 24,000 BTCs worth $ 2.7 billion, which led to a flash crash in the Bitcoin markets. According to the QCP, the crashing liquid Some $ 500 million in leveraged positions over minutes.
Prior to the sale, Bitcoin traded on a narrow range, while Ether set new record highs. Bitcoin’s dominance was slipped in August from 60% to 57%. Bitcoin’s dominance is still well above where it is in the 2021 Altcoin period, but if the ETFs with the approved get approved, it can feed the narrative that the ETH will soon, the QCP said.
13 US states now have limits to Bitcoin ATMs
The US states of Rhode Island and Wisconsin introduced the law regulating crypto kiosks in August, carrying a total number of states with such policies up to 13. Some municipalities, such as Stillwater, Minnesota and Spokane, Washington went straight to them.
Many ATM scams target senior citizens, who are unfamiliar with new technologies such as bitcoin and crypto. Many of the state laws have been written with the support and guidance of the American Association of Retired Persons, a group of interest dedicated to issues that affect people aged 50 and older.
Metaplanet gets 1,859 BTC; STRATEGY NABS 3,511 BTC
The trendsetting firm for the Bitcoin Treasury, strategy, bought 3,511 BTC in August. In Bitcoin at an average price of $ 116,000 in August, which puts the total Bitcoin purchase of a month’s approach to around $ 407.2 million.
The Japanese Metaplanet investment company also added more Bitcoins to its coffers, which have been with 1,859 BTC. At the aforementioned average price, the total Bitcoin purchase for August costs only $ 215.6 million.
Hackers were net $ 53 million from Defi Exploits in August
Data from Defillama shows that cybercriminals steal $ 53 million from Decentralized Finance (DEFI) exploited in August, with a $ 48-million Turkish CryptoCurrency Exchange BTCTURK hack constitutes part of the lion.
The crypto industry produces an integrated effort to deal with hacks, making it more common. Some in the industry are not very optimistic. Ronghui Gu, Professor of Computer Science at Columbia University and co-founder of Blockchain Security Platform Certik, said during a cointelegraph chain reaction day -day live x space shows, ”It was an endless war“Between hackers and security experts.
Bitcoin grows in 1.7% of the global currency supply
An August report from the Bitcoin Financial Services Company River found that Bitcoin is now worth 1.7% of the global currency supply.
The company reached this conclusion by weighing the capitalization of the Bitcoin market against a $ 112.9-trillion basket of fiat currencies and $ 25.1 trillion in difficult money, excluding silver, platinum and unique metal.
River’s study assumes that Bitcoin has a market capitalization of $ 2.4 trillion. At the time of publishing, the BTC market cap was $ 2.21 trillion, putting part of Bitcoin’s global currency closer to 1.6%.
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