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Blockchain_Bulletin
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$SOL
is above $200 with a 16% daily gain and is still climbing. 📈
The momentum hasn’t slowed; it’s accelerating.
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SOL
203.07
+0.73%
465
0
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Bitcoin breaks into uncharted territory 🚀 $BTC touched $124,400, overtaking its previous ATH of $123,164; momentum driven by deep-pocketed buyers. Recent drivers: - MicroStrategy added 155 BTC this week, now holding 628,946 BTC (~$77.2B) - SpaceX owns 8,285 BTC (~$1.02B) - Public firms collectively control 951K+ BTC, further draining exchange supply 💡 Why it matters - Institutional accumulation is creating a real supply squeeze; MSTR’s latest buy alone equals ~8 days of new issuance - ETF inflows and corporate disclosures (e.g., Tesla’s 11,509 BTC) add layers of steady demand - Odds of a Fed rate cut in Sept sit at 80% — weaker USD often supports BTC - Google lifting its ban on non-custodial wallets signals a friendlier policy backdrop 📊 What to watch - U.S. CPI data & Fed minutes on Aug 14 for policy confirmation - Whether BTC can establish $120K+ as a strong support level amid its 0.72 correlation with the S&P 500 #BTCBreaksATH
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ether.fi ($ETHFI ) up 4.4% in 24h Momentum is building from both whales and protocol growth. - #ArthurHayes just made a bold move, adding 420K ETHFI (~$517K) as part of a wider $8.4M push into $ETH ecosystem plays. - Recent campaigns like “Base Boost” and partnerships with players like Superstate are doing more than marketing; they’re pulling liquidity in and expanding use cases. Crossing $10B in TVL gives ether.fi a stronger revenue base from protocol fees. If staking participation keeps rising, that growth can feed directly back into token demand, a feedback loop worth tracking. Near-term watchlist: staking APY & TVL on DeFiLlama, any sustained uptick could keep this rally alive.
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#MetaMask is gearing up to launch #musd It's a USD-pegged stablecoin with details expected as soon as this week. Key points: - Target launch by month-end - Built with Bridge (now under Stripe) & stablecoin protocol M^0 - Blackstone to oversee custody and treasury operations Why it matters: - With 30M+ monthly users, MetaMask could give mUSD instant market reach - Owning the stablecoin layer allows it to earn yield on reserves, a model already proven by USDT & USDC issuers - Signals a shift from “just a wallet” to a broader DeFi infrastructure player If executed well, mUSD could become one of the most widely circulated wallet-native stablecoins on the #Ethereum network.
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$BNB smashes past $860 🔥 Trading at $864 (+3.5% | 24h)- momentum’s cooling, but the bulls aren’t letting go.#BNBBreaksATH
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#Arbitrum surges 14.13% in 24h 📈 Confidence is returning to its DeFi stack. - GMX reimburses $44M from July exploit, pivots to fortified V2; TVL rebounds to $600M. - GLP redemptions resume in 10 days, a trust milestone to watch. - Offchain Labs acquires ZeroDev (5M+ wallets) to bring gasless txs & social recovery, boosting long-term dev potential. Resilience + infrastructure growth = stronger $ARB outlook.
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Bitcoin News Today: Yen Gains Against Bitcoin and Dollar as Bessent Sees Bank of Japan Rate Hike Ahead
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