The total holdings of the Ethereum Reserve Company and various ETFs have exceeded 10 million ETH.
On August 17, according to data from strategicethreserve.xyz, the current holdings of Ethereum Reserve Company and various ETH spot ETFs account for 3.06% and 5.42% of the total supply, respectively, with a total holding of 10.26 million ETH, exceeding 8.4% of Ethereum's total supply.
Standard Chartered: Norway's sovereign fund increased its Bitcoin holdings by 83% in Q2.
According to The Block, Standard Chartered analyst Geoffrey Kendrick revealed that Norges Bank Investment Management's Bitcoin-related holdings surged 83% in Q2 (from 6,200 to 11,400 BTC), mainly achieved through increasing its stake in MicroStrategy stock. Norges Bank Investment Management, also known as Norway's Government Pension Fund Global, is the world's largest sovereign wealth fund, managing $1.7 trillion in assets.
Canary Capital CEO predicts: Bitcoin could surge to $150,000 this year, while Ethereum may struggle to maintain its glory.
According to Decrypt, Canary Capital CEO Steven McClurg stated in an interview with CNBC that Bitcoin has over a 50% chance of rising to $150,000 by the end of 2024. Steven attributed this rise to increased ETF demand and the expanding pool of institutional buyers, including sovereign wealth funds, pensions, and corporate bonds. However, he is pessimistic about Ethereum's prospects, believing it will be replaced by emerging public chains like Solana. Analyst Greg Magadini noted that Ethereum's developer ecosystem advantages are difficult to surpass and expects the ETH/BTC exchange rate to rise back to 7%.
A whale transferred over 10,000 ETH to a CEX, earning over $20.68 million in profits after staking for 1.5 years.
On August 17, according to Ember monitoring, a whale liquid-staked 10,000 ETH over the past year and a half, redeeming 10,564 yesterday (including 564 in interest), and two hours ago transferred 10,819 ETH (approximately $47.79 million) to Kraken. During this period, ETH itself appreciated by $18.2 million, with staking interest reaching $2.48 million.
A whale deposited 19.38 million USDC into Hyperliquid and continued to increase its HYPE holdings.
According to Lookonchain monitoring, a whale is increasing its HYPE holdings, having deposited 19.38 million USDC into Hyperliquid over the past 5 hours to purchase more HYPE.
Analysis: Bitcoin is still expected to rise to $150,000 before 2026.
On August 16, Bitcoin reached a new high this week, with prices breaking $123,000, surpassing July's peak. The upward momentum is attributed to institutional buying, corporate financial allocation, US policy support, and continuous gains at the sovereign nation level. This trend further reinforces the prediction of global financial consulting giant deVere Group: Bitcoin could rise to $150,000 by the end of 2025. As the largest cryptocurrency in the world, Bitcoin has risen over 31% since the beginning of the year, and about 60% compared to the market low in April. Factors driving this surge include: · Unprecedented fund inflows into the US spot Bitcoin ETF; · Several large listed companies incorporating Bitcoin into their balance sheets; · Bitcoin-friendly policies from the Trump administration; · Profits from Bitcoin held by various governments. Nigel Green, founder and CEO of deVere Group, stated that a strong convergence of multiple forces is currently pushing Bitcoin to continuously break records: 'Institutional capital is flowing into spot ETFs at record levels. Listed companies view Bitcoin as a strategic reserve asset. The White House is actively supporting this asset class. Sovereign nations' Bitcoin investments have already been profitable. These are not isolated events but part of a deeper systemic change in the global financial system.'
Real-life FX warrior! Japanese streamer goes all-in on binary options, turning 30,000 into 150,000 then to 0.
Japanese streamer 'Nanahara-kun' used his last 30,000 yen to play binary options (a gambling-like short-term financial derivative), earning 155,000 yen in the first 5 minutes, but lost it all in the second attempt, collapsing in despair during the live stream. While this high-volatility investment is exciting, it essentially represents a negative expected value gamble, and similar 'gamification of trading' phenomena in the cryptocurrency circle have sparked controversy. This case warns of gambling risks and reminds investors to be rational.
Why are struggling companies aggressively buying Bitcoin?
George Kalamaras's semiconductor company Sequans Communications saw its stock price soar 160% after raising $384 million to purchase Bitcoin, driven by Bitcoin advocates like Michael Saylor. A total of 154 publicly listed companies worldwide have raised nearly $100 billion to invest in cryptocurrencies. Despite the short-term surge in stock prices, the market is concerned that a decline in cryptocurrency prices could lead to systemic risks, similar to the burst of the internet bubble. Some companies are buying coins through debt, facing debt repayment crises if prices collapse. Investors indirectly hold digital assets through these 'cryptocurrency vault companies', but the industry's high volatility raises doubts about long-term sustainability.
Google's ambition: from AI computing infrastructure to crypto.
Google accelerates its layout in the fields of AI and cryptocurrency, collaborating with Bitcoin mining company TeraWulf through its AI cloud platform Fluidstack, acquiring an 8% stake and guaranteeing $1.8 billion in project financing to obtain high-performance computing resources. At the same time, Google Play has adjusted its cryptocurrency application policy, requiring exchanges and custodial wallets to operate in compliance, but exempting non-custodial wallets. Additionally, Google is negotiating stablecoin integration with multiple companies to explore payment optimization. This series of actions indicates that Google is deeply involved in AI computing and the crypto ecosystem, balancing innovation and compliance.
