Global

On August 9, 2024, Cathie Wood’s Ark Invest made headlines by selling significant portions of its Ethereum futures ETFs. This move, which included the Ark Active Ethereum Futures Strategy ETF (ARKZ) and the ProShares Ethereum Strategy ETF (EETH), has sparked discussions about its implications for Ethereum’s exchange-traded products (ETPs) and the broader crypto market.

The phrase "How Bitcoin Mining Works" has recently garnered significant attention from both cryptocurrency enthusiasts and casual internet users. The surge in interest began on August 9, 2024, when the phrase appeared in a Tapswap Daily Combo code, leading to a spike in online searches and trending discussions.

Recent data from market intelligence platform IntoTheBlock reveals that Shiba Inu (SHIB) whales have been significantly reducing their holdings over the past 30 days.

The price of Bitcoin (BTC) is currently fluctuating between $53,000 and $61,000 USD, marking a significant rebound from its recent low of $49,000. As Bitcoin's value climbs, so does the performance of Bitnance (BTN), a Binance-Chain alternative store-of-value token that appears to be on the rise.

Earlier this week, the Bitcoin market faced a significant downturn, attributed primarily to growing concerns about the US economic outlook and increased volatility in the broader financial markets. Ethereum, in particular, lagged behind, influenced by heightened futures market activity and substantial selling pressure from large holders.

Worldcoin (WLD), an AI-related cryptocurrency, has recently been grappling with a downtrend on the charts, a situation further complicated by recent actions from Alameda Research, the trading arm of the now-defunct FTX.