What happened last night on the crypto market?

• The Fidelity Ethereum spot ETF sold 36,250 ETH for $156.3 million on August 19

• Bitmine purchased 52,475,$ETH for $220 million, bringing its holdings to 1,575,848 ETH ($6.6 billion)

• Bullish received $1.15 billion in stablecoins during its IPO, a first in the United States

• Celsius will distribute $220.6 million to its creditors, achieving a cumulative recovery rate of about 64.9%

• Bitcoin is exposed to the risk of a 51% attack, with two pools controlling more than half of the hashrate

• Buenos Aires will allow tax payments in Bitcoin and other cryptocurrencies

• SkyBridge Capital plans to tokenize $300 million in assets on Avalanche

• Governor Bowman suggests that Fed staff hold cryptocurrencies to better understand the technology

• More than 280 Bitcoin-related domain names registered since 2010 will be auctioned

• Thumzup, backed by Donald Trump Jr., will acquire Dogehash Technologies specializing in mining $DOGE and $LTC through a stock operation

• Paul Atkins (SEC) wants a protective crypto regulatory framework and believes that a minority of tokens should be considered financial securities

• Elon Musk pauses his pro-Bitcoin "America Party" project to refocus on his businesses

• Now, 16 companies collectively hold 2.45 million ETH in cash (over $11 billion)

• Stablecoins are revolutionizing P2P transfers with much lower fees than traditional banks and operators according to unfolded.

• Donald Trump accuses Jerome Powell of ruining the real estate market and announces a significant expected drop in interest rates