CFTC nominee Brian Quintenz is seeking crypto industry support as his confirmation is paused. Groups like the Digital Chamber & Blockchain Association are preparing a letter to President Trump highlighting his expertise. ๐Ÿš€ #crypto #CFTC #blockchain #news
BitMine & SharpLink hold significant Ethereum (ETH). BitMine: 1.52M ETH @ $3,730 avg cost (since July 9). SharpLink: 740K ETH @ $3,478 avg cost (since June 13). Data via researcher Yuzhin. #Ethereum #crypto #blockchain #news
Hong Kong crypto stocks tumbled today. New Fire Tech (01611.HK) -10%, Ouku Cloud Chain (01499.HK) -8%, & others like Bo Ya (00434.HK) also declined. #crypto #HongKong #stocks #blockchain #news
USV moved 731K UNI (~$7.43M) to Coinbase Prime โ€“ their first sale in 8 months. They still hold a large 9.675M UNI (~$96.65M). Could signal further selling, but USV remains a long-term UNI holder. #UNI #USV #crypto #blockchain #news
Ark Invest boosted its holdings in crypto exchange Bullish ($BLSH) by $21.2M (356K shares) & Robinhood ($HOOD) by $16.2M (150K shares) on Aug 19, per Ark Invest Daily data. #crypto #blockchain #news
Elon Musk is pausing plans for a new โ€œAmerica Partyโ€ to focus on his businesses (Tesla, SpaceX, etc.). Heโ€™s reportedly concerned about splitting the Republican vote & has reached out to VP Harris. No new party formation โ€œat this time.โ€ #ElonMusk #politics #crypto #blockchain #news
Chinaโ€™s central bank held key loan rates steady (3% & 3.5%), signaling a cautious approach to economic recovery. The LPR influences borrowing costs for businesses & consumers. #crypto #blockchain #news
Stablecoins could slash cross-border transfer costs! ๐Ÿ’ธ Traditional banks take ~12.66%, MTOs ~5.35%, & mobile ops ~3.87% for $200 transfers. A new report shows stablecoins can bring fees *under 1%*, making sending money internationally much cheaper & faster! ๐Ÿš€ #stablecoins #fintech #remittances #crypto #blockchain #news
Crypto Market Sentiment Shifts to โ€œPanicโ€ The cryptocurrency market has experienced a notable downturn in sentiment, with the Crypto Fear and Greed Index dropping to 44 today, according to Alternative data. This marks a shift from โ€œGreedโ€ to โ€œPanicโ€ as investors react to recent market conditions. #crypto #blockchain #news
Singer Huang Licheng (@machibigbrother) faces $13.68M in unrealized crypto losses due to leveraged positions (Ethereum, Bitcoin, HYPE, PUMP) during the market downturn, reports Onchain Lens. Highlights risks of high-leverage crypto trading. #crypto #HuangLicheng #blockchain #news #BTC #Bitcoin