Crypto news

Now, hold onto your fins because it doesn’t stop there. This isn’t a solo swim; we’re talking a whole pod of whales diving into the Ethereum waters with over $2.38 billion icicle-ed up since July. Analysts are all like, “Look! Institutions are waking up!” and “Oh, look! Spot ETF inflows!” It’s almost like they’ve discovered a new trend—’let’s put a ton of money into Ethereum and hope the price goes up!’ Genius move, right? 🚀💡

And this rally isn’t happening in a vacuum, oh no. The excitement is all about the highly anticipated Conflux 3.0 upgrade, scheduled to launch next month. It’s like waiting for the next season of your favorite show, but with fewer cliffhangers and more blockchain wizardry.

As Arab Chain, a CryptoQuant contributor, observed on July 29th, the Coinbase Premium Index has turned a rather unimpressive shade of negative for the first time in two months, signaling a cooling of ardor among U.S. buyers compared to their more enthusiastic global counterparts. 🌍

The feeble bulwarks of support stand at: $0.64 and $0.80.

Ethereum, that most enigmatic of blockchains, hath kindled the flames with its NFT Torch, a pyre lit in the shadow of its tenth anniversary. The faithful flock, eyes aglow with fervor, now march toward the altar of digital collectibles.

Ah, in the foggy mists of modern finance, Peter Schiff emerges as the eternal cynic, casting a weary eye upon the Bitcoin frenzy. He draws parallels to those hapless souls who once defended the dot-com delirium and the real estate roulette, labeling their modern counterparts’ excuses as the pinnacle of absurdity—truly, the “dumbest” ever uttered. … Read more

In a move that’s as exciting as watching paint dry (but way more profitable), TaskOn, the superhero platform for Web3 nerds, has teamed up with YEX Exchange—otherwise known as the digital equivalent of Fort Knox for crypto traders. By wrapping their digital arms around each other, they’re on a quest to grow the Web3 community—think of it as a high-tech rom-com with lots of “trust” and “adoption” sprinkled in, minus the awkward first dates. According to TaskOn’s announcement—because what’s more thrilling than a tweet about partnerships—they’re aiming to make the decentralized world a little less mysterious and a lot more bustling. 🎉

Why August 15 Matters

Month-to-date flows reached an astounding $11.2 billion, a figure that dwarfed the mere $7.6 billion observed after the U.S. election in December 2024, as if the gods themselves had blessed the market with a golden touch.

Remember when CoinDCX got hacked and lost a whopping $44 million? Yeah, that didn’t exactly do wonders for their reputation. But hey, they’ve managed to bounce back, even if their valuation has taken a nosedive—from a sky-high $2.2 billion to a more modest (but still impressive) $1 billion. Talk about a rollercoaster ride! 🎢