CEA Industry Acquires $160 Million Worth of BNB
Nasdaq-listed CEA Industry announced that it has purchased 200,000 BNB worth $160 million. Previously, CEA had announced the completion of a $500 million private funding led by EZLabs for strategic BNB investment.
FTX/Alameda Unstakes $35.52 Million SOL
On-chain analyst ai_9684xtpa reported that an estimated FTX/Alameda address unstaked 190,832 SOL ($35.52 million) an hour ago. The analyst explained that based on past on-chain transfer history, these funds are likely to be sent to a BitGo wallet or used to repay FTX creditors.
Smarter Web Company Raises $10.24 Million
UK-based web development company Smarter Web Company (SWC) announced that it has raised ยฃ7.6 million (approximately $10.24 million) through new share allocation. Smarter Web Company had previously formalized Bitcoin investment, and this fundraising is expected to be used for BTC purchases. As of August 8, the company holds 2,100 BTC.
Ethereum Whale Accumulates $120 Million ETH Since 6/22
On-chain analyst ai_9684xtpa revealed that a whale address has been accumulating a total of 68,000 ETH ($120 million) since June 22, starting when ETH was priced at $2,284. This address also withdrew 8,745 ETH from Binance about 5 minutes ago.
Ethereum's Rise Increases Vitalik's Asset Value to 1.4 Trillion Won
Beincrypto reported that with Ethereum's (ETH) rise, the asset value of founder Vitalik Buterin has surpassed $1 billion (1.38 trillion won). Currently, the estimated Vitalik address holds approximately 240,000 ETH. The media added that with increasing institutional ETH investment demand, a supply shortage is appearing in the OTC market. Institutions are turning to public markets like exchanges to purchase ETH. The market also has expectations that ETH might break $5,000.
Capital B Adds 126 BTC
European listed company Capital B announced via its official X that it has additionally purchased 126 BTC. Currently, Capital B holds 2,201 BTC.
MicroStrategy's BTC Accumulation Strategy Marks 5 Years with $28.8 Billion Unrealized Gains
Cointelegraph reported that on the 11th, MicroStrategy, the largest Bitcoin holding company, marked 5 years since implementing its Bitcoin accumulation strategy. MicroStrategy (then MicroStrategy) first purchased 21,454 BTC for $250 million on August 11, 2020, calling it a "new capital strategy". Since then, they have consistently accumulated, purchasing a total of 628,791 BTC worth $46 billion. MicroStrategy's stock price has risen 2,595% in the past 5 years, from $15 to $395. Their unrealized Bitcoin gains are estimated at $28.8 billion. They also announced plans to raise $8.4 billion over the next two years for BTC purchases.
Binance Joins Mantra Validators
Mantra (OM), an RWA tokenization platform, announced that Binance has joined its validators. Mantra plans to reduce internal validators and increase external partners to enhance network security and governance decentralization.
Ethiopia Limits Power for New Crypto Mining Companies Due to Power Shortage
Bitcoin News reported that Ethiopia, facing power shortages, has completely suspended power supply to new cryptocurrency mining companies. As a result, power supply reviews for 20 mining companies have been put on hold.
Samson Mow: "ETH Investors Will Eventually Return to BTC"
Cointelegraph reported that Jan3 CEO Samson Mow said, "When Ethereum's price reaches a sufficient peak, investors will return to Bitcoin." He emphasized that people will ultimately come to Bitcoin, which could slow down Ethereum's recent price surge. Ethereum holders will sell to others when prices rise and use the proceeds to buy Bitcoin, as there are no long-term Ethereum enthusiasts.
Ethereum ICO Participant Sells $9.91 Million ETH
LookOnChain reported that an anonymous Ethereum (ETH) ICO participant address sold 2,300 ETH ($9.91 million) 20 minutes ago. The address purchased 20,000 ETH for $6,200 during the ICO and currently holds 1,623 ETH ($6.99 million).
Binance Alpha Adds XCX
Binance Alpha announced the addition of XCX on August 11 at 5 PM (Korean time). Binance Alpha is an on-chain trading platform within the Binance Wallet, focusing on listing early-stage coins. Alpha coins may be listed on Binance spot and perpetual futures, but this is not 100% guaranteed.
Ant Group Denies Rare Earth-Based Stablecoin Development Rumors
China's largest fintech company, Ant Group, responded that rumors about jointly developing the world's first rare earth-based yuan stablecoin with the People's Bank of China and China Rare Earth Group are unfounded. According to local media Jin10, Ant Group stated, "We are not pursuing such a project. Investors should be cautious of fake news."
BTC Long/Short Ratios at Top 3 Futures Exchanges
Recent 24-hour BTC perpetual futures long/short position ratios based on open interest at the world's top 3 crypto futures exchanges are as follows:
Overall Exchanges: Long 50.68% / Short 49.32%
1. Binance: Long 51.43% / Short 48.57%
2. Bybit: Long 52.33% / Short 47.67%
3. Gate.io: Long 48.46% / Short 51.54%
Bithumb Temporarily Suspends SCR Deposits and Withdrawals
Bithumb announced a temporary suspension of Scroll (SCR) deposits and withdrawals on August 19 at 9 AM due to network upgrades.
BTC Reaches New High on Upbit
On the domestic cryptocurrency exchange Upbit, Bitcoin touched 166,840,000 won, setting a new high. Currently, BTC is trading at 166,840,000 won in the Upbit won market.
BTC Surpasses $122,000
According to Coinness market monitoring, BTC has surpassed $122,000. Based on the Binance USDT market, BTC is trading at $122,057.91.
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