☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊Market Updates
🔸BitMine and a whale bought $882M in ETH via OTC and exchange withdrawals as institutional demand grows. BitMine now holds $5.7B ETH.
🔸US spot BTC and ETH ETFs ended inflow streaks Friday with modest outflows after record $40B weekly volume, led by BlackRock funds.
🔸Norway’s $1.7T wealth fund raised BTC exposure 83% in Q2 to 11,400 BTC, mostly via MicroStrategy shares.
🔸Bitcoin mining profitability rose 2% in July as BTC price outpaced hashrate growth with U.S.-listed miners now 26% of network.
🌟Highlights
🔸US Treasury eyes embedding digital ID checks into DeFi smart contracts under the GENIUS Act to curb illicit finance.
🔸Kraken pauses Monero deposits after Qubic pool seized 51% hashrate, reorganizing blocks and sparking security concerns. Withdrawals remain open.
🔸CoinFund’s Chris Perkins says Basel bank capital rules act as a crypto “chokepoint,” making holdings too costly and throttling growth.
🔸S&P Dow Jones is in talks with exchanges, custodians and DeFi to launch tokenized indexes, eyeing broad adoption by 2030.
🔸Ronin, the Axie Infinity sidechain, will migrate into an Ethereum Layer 2 by 2026, citing ETH’s security, ETFs, and Wall Street capital.
🔸Dormant Ethereum ICO wallet awakens after 10 years, moving 334.7 ETH ($1.5M) originally bought for $104, a 14,269x return.
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