Crypto News
Bitcoin Slides on $2.7 Billion Whale Sell-off as ETH Rotation Gains Steam
Bitcoin’s brief post-Jackson Hole rally collapsed after a major wallet offloaded 24,000 BTC, triggering a $500 million liquidation cascade. Meanwhile, ether outperformed as institutional flows rotated into ETH. Bitcoin Loses Ground to Ethereum After Jackson Hole Shock The momentum generated on bitcoin’s spot price movement stalled sharply over the weekend after a legacy holder reportedlySource link
Mysterious Whale Revives Ancient BTC—2,300 Coins Shifted in August Alone
After the mega whale unloaded 24,000 BTC on Sunday evening, an old-school player moved 400 BTC on Monday morning from four separate legacy wallets first created back in the summer of 2012. This same entity has repeated this exact play 19 times already this month. Old-School 2012 Bitcoin Whale Reappears Bitcoin ( BTC) whales haveSource link
Sharps Technology Jumps 70% After Raising $400M for Solana Treasury
Nasdaq-listed firm Sharps Technology (STSS) rallied as much as 70% on Monday on raising $400 million to establish what it says could become the largest corporate digital asset treasury of Solana (SOL).The firm's fundraising drew backing from some of the most active investors in digital assets, including ParaFi, Pantera, FalconX, CoinFund and Arrington Capital. Under the deal, shares were sold at $6.50 per unit with attached warrants exercisable at $9.75. Closing is expected by August 28.The stock briefly topped $13 in the morning U.S. hours before paring gains, up 53% from $7.3 at Friday's close.The company plans to allocate the funds primarily toward acquiring SOL, the native token of the Solana blockchain. Alice Zhang, co-founder of Solana-backed project Jambo, also...
Morning Minute: Football Dot Fun Breaks Out
Plus BTC falls after an ancient whale converts 24,000 BTC to ETH on HyperliquidSource link
CoinDesk 20 Performance Update: Uniswap Drops 11.3%, Leading Index Lower from Friday
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4114.26, down 4.4% (-188.51) since 4 p.m. ET on Friday.None of the 20 assets are trading higher.Leaders: SOL (-0.3%) and AAVE (-2.9%).Laggards: UNI (-11.3%) and FIL (-10.6%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link