Crypto News
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BlackRock drives $217M Bitcoin ETF rebound as altcoin funds extend inflow streaks
Bitcoin ETFs posted a $217 million rebound led by BlackRock, while Ether ETFs reached 11 consecutive inflow sessions. XRP and Solana funds each recorded a 10th straight positive session, Cointelegraph reported.
Cointelegraph
Bitcoin Holds Above $78,000 as HYPE Gains While Major Tokens Retreat
Bitcoin held above $78,000 and stayed flat on the week after August’s 24% gain. Ether, Solana, Tron and Dogecoin fell over 24 hours, while Hyperliquid’s HYPE token rose about 4% amid hawkish Fed expectations.
CoinDesk
Kalshi Bans George Santos for Life After State of the Union Trading Case
Kalshi permanently banned former congressman George Santos after finding he traded heavily on his own State of the Union attendance, made false statements to move prices and earned nearly $18,000, according to Decrypt.
Decrypt
Bitmine reaches 4.9% of Ethereum supply after adding 53.5K ETH
Bitmine now controls 4.9% of Ethereum’s supply after adding 53,500 ETH, Cointelegraph reported. The purchase marks 65 consecutive weeks of accumulation despite a prolonged crypto downturn and $5.1 billion in paper losses.
Cointelegraph
Bitmine Makes Its Biggest Ether Purchase Since June as Tom Lee Highlights Crypto’s Strong Q3
Bitmine reportedly made its largest ether purchase since June. Chairman Tom Lee said crypto’s strong third-quarter performance could attract more institutional investors, according to CoinDesk.
CoinDesk
Robinhood Chain Surpasses Ethereum in Daily Revenue on Memecoin Activity
Robinhood Chain recorded $2.66 million in revenue and 5.52 million transactions on Aug. 30, surpassing Ethereum’s daily revenue as memecoin tools drove most activity and users launched 22,600 tokens.
CoinDesk
Sberbank plans to accept Ether and USDT as loan collateral, CoinDesk reports
Sberbank plans to add Ether and USDT to the assets accepted as collateral for crypto-backed loans, CoinDesk reports. The plan follows the Bank of Russia’s draft inclusion of both tokens for public trading on Russian exchanges.
CoinDesk
Ethereum staking queue stretches to 35.75 days, costing depositors over $350,000 daily
Ethereum’s staking activation backlog has reached 35.75 days, with CryptoSlate estimating that deposits awaiting entry are missing more than $350,000 in rewards daily under the network’s 256 ETH-per-epoch activation limit.
CryptoSlate
Bitcoin Holds Near $78,000 as Dollar Strength Caps Crypto
Bitcoin held just below $78,000 as August ended, while CoinDesk said dollar strength was capping crypto gains and pushing the yen past its intervention line. Ether was highlighted for forming a bullish golden cross.
CoinDesk
Bitcoin Treasury’s Entire BTC Reserve Faces a Single 30-Day Reset Test
CryptoSlate reports that a mid-tier Bitcoin treasury committed its entire BTC reserve to a 30-day reset structure. The Aug. 25 unwind was added to principal, while a one-time Sept. 24 test determines whether a $75,000 ceiling applies.
CryptoSlate
Sber Plans to Expand Crypto Loan Collateral to USDT and Ether
Sber plans to accept USDT and Ether alongside Bitcoin as loan collateral as Russia introduces regulated crypto trading. The bank has also questioned demand for the digital ruble, Cointelegraph reports.
Cointelegraph