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$4B Floods Into Ethereum in August Alone While Bitcoin Struggles With Outflows

Digital asset investment products staged a comeback last week, reversing prior outflows with $2.48 billion in inflows. August inflows now total $4.37 billion, which lifted year-to-date numbers to $35.5 billion. Activity was strong until Friday, when flows turned negative following the Core PCE release. The data dampened hopes for a September Fed rate cut and […]

Ethereum Foundation Rolls Out Next Phase of Trillion-Dollar Security Initiative

The Ethereum Foundation (EF) has revealed a plan for the next stage of its Trillion Dollar Security (1TS) project. This follows an ecosystem survey conducted to identify the most urgent issues within Ethereum’s infrastructure. Wallet Security Standard In an August 20 blog post, the EF announced that the security initiative’s first actions will mostly target […]

This Bitcoin OG Dumps BTC for Ethereum After 7 Years of Silence

A Bitcoin wallet from several years ago showed activity just today, selling at a substantial profit and shifting strategies towards the second-largest crypto asset by market capitalization. Ethereum, the asset of choice, has meanwhile been garnering considerable attention from institutions and retail investors alike. Change of Heart A dormant BTC whale has resurfaced today, as […]

BitMine Becomes World’s 2nd Largest Crypto Treasury With $6.6B

Tom Lee’s BitMine Immersion Technologies announced on Monday that it has become the second-largest crypto treasury in the world, behind Michael Saylor’s Strategy. The firm updated its Ether holdings figures to 1.52 million ETH worth around $6.6 billion. Even with the asset’s retreat, that huge stash is worth more than the $5.88 billion in Bitcoin […]

Bitcoin Sees $552M Inflows, But Ethereum’s Haul Is 5 Times Larger

Last week, digital asset investment vehicles recorded $3.75 billion in inflows, their fourth-highest figure historically, in what appears to be a recovery from the subdued momentum of previous weeks. Interestingly, the surge was almost entirely tied to iShares and one particular product under its umbrella. With market prices pushing higher, total assets under management (AuM) […]