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AltSeason Search Interest Drops 50% as Market Rally Fades Global search interest for "alt season" plunged to 45 from a peak of 100 just one week earlier, coinciding with BTC$BTC and altcoin retracements over the past six days. The search spike occurred on Aug. 13, a day before Bitcoin reached its new $124,128 high. DOGE$DOGE and XRP$XRP had rallied about 19% over two weeks leading up to Aug. 13 before shedding most gains, each dropping 11% over the past seven days. This reversal accompanied the dramatic decline in retail search interest. Economist Alex Krueger questioned whether the brief search spike was "organic or manufactured via bots," citing the dramatic and brief nature of the data. The timing coincided with major exchanges like #Coinbase promoting #altcoin season narratives. Crypto analyst Cristian Chifoi suggested the term's relevance as a market indicator has diminished. With spot BTC$BTC and ETH$ETH #ETFs plus corporate adoption, investors now have alternative exposure methods beyond traditional #altcoin speculation, potentially reducing the significance of search trend analysis.
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Pump fun Hits $800M Revenue Milestone Amid Solana Meme Coin Battle Solana memecoin launchpad Pump fun has surpassed $800 million in lifetime revenue, driven primarily by its 1% swap fee on all token transactions. The platform generates consistent daily revenue exceeding $1 million. Competition intensified as LetsBonk briefly overtook Pump.fun in graduated tokens last month. However, recently reclaimed the top position after major meme coin deployers migrated back to its platform, according to crypto trader @WazzCrypto. LetsBonk's daily revenue plummeted below $30,000 from around $1 million earlier this month. Meanwhile, Pump.fun launched its native token last month through an ICO, raising $600 million in just 12 minutes. The memecoin landscape has shifted as Coinbase-incubated Base overtook SOL as the dominant meme coin network. Base launched 57,970 meme coins on Monday compared to Solana's 32,760, driven by its integration with social media platform #BinanceHODLerPLUME #ETHInstitutionalFlows #PowellWatch #MarketPullback #StrategyBTCPurchase $SOL
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BTC Drops to $113K as Traders Await #Powell's Jackson Hole Speech BTC fell 2.78% to $113,234 while ETH declined 5.44% to $4,108 as traders took profits after recent market highs. Both cryptocurrencies faced pressure from leveraged liquidations following BTC all-time high earlier this month. Kronos Research CIO Vincent Liu noted traders are in wait-and-see mode, expecting market consolidation until policy clarity emerges. For ETH, $4,200 serves as the key liquidity pivot, with breaks below potentially targeting $3,900. The sell-off comes as spot BTC ETFs experienced slower inflows after a record July, while ETH ETFs saw recent #outflows following strong early August performance. Markets are now focusing on Wednesday's FOMC meeting minutes and FedChair Jerome Powell's Friday Jackson Hole speech. Analysts warn contradictory dovish signals could trigger sharp corrections, while more accommodative #Fed rhetoric may fuel rallies. The positioning reflects uncertainty ahead of expected September rate cuts. #BinanceHODLerPLUME $BTC $ETH
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KindlyMD Stock Plunges 13% After $679M Bitcoin Purchase Healthcare company KindlyMD has acquired 5,743.91 BTC for $679 million at an average price of $118,205 per coin through subsidiary Nakamoto Holdings. The stock dropped over 13% following the announcement. The company completed its merger with David Bailey's Nakamoto Holdings on Friday, marking KindlyMD's first major BTC investment. Bailey, who advised President Trump on crypto policy, aims to acquire 1 million BTC total. KindlyMD raised $200 million via convertible notes and another $540 million through private placement to fund its Bitcoin treasury strategy. The company follows #Strategy's playbook of raising cash to buy BTC for regulated exposure. CEO Bailey called BTC "the ultimate reserve asset for corporations and institutions alike." The purchase represents a small fraction of the company's ambitious 1 million #Bitcoin accumulation target #BinanceHODLerPLUME #ETHInstitutionalFlows #PowellWatch #MarketPullback #StrategyBTCPurchase $BTC
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#MetaplanetBTCPurchase SEC Chair Atkins Launches Project Crypto Initiative #SEC Chair Paul Atkins has announced the regulator will abandon "regulation by enforcement" against crypto projects, stating "we want to embrace innovation." The shift marks a complete departure from previous SEC approaches. Project Crypto will offer tailored disclosures, exemptions, and safe harbors for various crypto offerings, including ICOs, airdrops, and network rewards. Atkins believes most crypto tokens are not securities by nature. The initiative aims to attract crypto businesses to the U.S. by loosening existing securities regulations that could impact industry projects. Atkins emphasized this represents "a new day" for crypto regulation. Major crypto firms, including Andreessen Horowitz, have already submitted requests for specific exemptions. The #ProjectCrypto announcement followed the #Trump administration's 168-page crypto policy recommendations directing regulatory changes. $BTC
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