World's richest man and Tesla CEO Elon Musk has expressed sc | Nazakat-f0469 on Binance Square

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World's richest man and Tesla CEO Elon Musk has expressed scepticism regarding the claims made by the Chinese AI startup 
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Harvard University Invests $117 Million in Bitcoin ETF The global symbol of education, Harvard University, has decided to invest $117 million in a Bitcoin ETF fund by the second quarter of 2025.$BTC $ETH $SOL

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BNC Acquires 200,000 BNB Worth $160 Million, Becomes the World’s Largest Corporate Holder CEA Industries (Nasdaq: BNC) has spent $160 million to acquire 200,000 Binance Coins (BNB), officially becoming the largest corporate holder of BNB globally. This marks the first step in its long-term investment plan worth up to $1.25 billion in the cryptocurrency. $BTC $BNB $ETH

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# Bitcoin Market Update: Key Moves and Drivers Price Action Summary Bitcoin is currently trading around **118,229.71 USDT**, showing consolidation after a strong upward move from **116,576.41** earlier on August 10. The past 24 hours reflect building momentum — price climbed steadily from the **116,400–117,300** range, breaking above **118,000** with increasing volume. The highest point reached was **118,754.49**, before pulling back slightly to current levels. The candlestick pattern shows a clear bullish structure: - A decisive breakout candle from 117,300 to 118,400 - Followed by sustained trading above 118,000 - Declining sell pressure in recent hours, with tighter price range Volume peaked during the 11:00–12:00 UTC session, where over **92 BTC** changed hands in a single hour — the highest in the past 24 hours — confirming strong buying interest. Key Market Drivers Recent developments are supporting bullish sentiment: - **Smarter Web Company** issued a $21 million Bitcoin-linked convertible bond — the first of its kind in the UK — signaling growing institutional use of BTC as an asset backing. - European firm **Capital B** raised €11.5 million via convertible bonds to expand its Bitcoin reserve strategy, reinforcing the "Bitcoin as treasury" narrative. - Positive supply chain news: **TSMC and Samsung** received tariff exemptions, improving mining hardware stability and reducing cost pressures for miners. - Despite rumors of a potential Bitcoin ownership ban in China, price held firm above **116,400**, showing resilience to negative headlines. Market structure remains constructive. With BTC defending key support and reacting positively to institutional adoption news, the short-term bias leans bullish. Traders on can monitor for a potential retest of **119,000** if volume picks up again. $BTC $ETH $SOL

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Total crypto cap exceeds $4 billion, meme coins leading market recovery today As cryptocurrency prices are rocketing today, the largest meme coins are delivering massive gains to their audiences. While Pepe (PEPE) is the third best performer today, Dogecoin (DOGE) and Shiba Inu (SHIB) are surging to new local highs. Shiba Inu (SHIB), Dogecoin (DOGE), Pepe (PEPE) are all in green The largest meme cryptocurrencies are surging today, on Aug. 9, 2025. Pepe (PEPE), the biggest frog coin, is the third fastest-growing coin on the 24-hour time frame. PEPE's price added 12.4% overnight and jumped to the $0.00001251 level. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme cryptocurrencies by market cap, are also performing well today. Dogecoin's (DOGE) price added 7% and hit the $0.2389 level. Dogecoin's (DOGE) market cap exceeded $35 billion yet again. Shiba Inu (SHIB), following a 7% daily surge, spiked to the $0.00001378 level, returning to the top 30 of cryptocurrencies by market cap. Bonk (BONK) added 5%, its market capitalization eclipsed $2.1 billion on surging trading volume. Pudgy Penguins' (PENGU) price increased by 2.5% and exceeded $0.03795. The aggregated capitalization of the meme coin category of assets is up by 6%, while the market benchmark only added 1.1% overnight. Mog Coin (MOG) posting double-digit gains Bitcoin (BTC), the largest cryptocurrency, is up by 0.1%. The crypto king's price is sitting at $116,700 as of printing time, while Ethereum (ETH) is changing hands at $4,175 following a 4.5% overnight upsurge. In the second hundred of cryptocurrency rankings, meme coins are also among the best performers. Mog Coin (MOG), one of the biggest cat coins, added 11.8%, while Based Brett (BRETT) is up by 6.2% in 24 hours. Popular community-centric meme coins Dogwifhat (WIF) and Floki Inu (FLOKI) are up by 3-4% on surging trading volume.$BTC $ETH $SOL

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