Bitcoin Drops Below $117,000, As Altcoins Gears Up For A September Rally
Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.

Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.
Dutch cryptocurrency company Amdax is preparing to launch one of Europe’s most ambitious Bitcoin strategies yet: creating a dedicated Bitcoin treasury firm, seeking a listing on Amsterdam’s Euronext, and ultimately aiming to acquire 1% of the total Bitcoin supply.
The SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
Taiwan’s WiseLink led a $10 million funding round for Nasdaq-listed Top Win International, helping the company buy Bitcoin and expand into digital assets. The deal makes WiseLink the first public Taiwanese firm to back a Bitcoin treasury strategy and aims to combine crypto holdings with cross-border business operations.
Citigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
Metaplanet bought 518 more bitcoins for about $61.4 million, bringing its total holdings to 18,113 BTC. The company uses creative financing methods to keep buying and aims to hold 210,000 BTC by 2027.
Ethereum co-founder Vitalik Buterin’s on-chain portfolio has surged past the $1 billion mark, fueled by Ether’s recent price rally, according to blockchain intelligence firm Arkham.
Blue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
El Salvador has just approved it new Investment Banking Law, which allows investment banks to not only hold Bitcoin and other digital assets but also to offer full crypto services, but only to "sophisticated investors."
Harvard Management Company purchased around $117 million in BlackRock’s Bitcoin ETF as part of its public portfolio. This investment highlights increased institutional involvement in regulated cryptocurrency funds.
OpenAI's abrupt CEO dismissal triggers industry-wide speculation, raising concerns about the organisation's future direction and technological advancements.
Amidst the departure of CEO Sam Altman and President Greg Brockman, the ripple effect extends to the resignation of three senior OpenAI researchers.
OpenAI faces internal turmoil as founder Sam Altman is ousted, triggering resignations and casting uncertainties on the company's future stability.
Justin Sun sent blockchain messages on the Ethereum network to the hackers' addresses warning them to return the unlawfully acquired funds in exchange for a reward or face legal action.
The restructuring unfolds as the corporate parent of Facebook approaches the conclusion of its designated "year of efficiency."
The Dogecoin team has unveiled plans for a lunar mission set to launch on 23rd December 2023. Astrobotic, a pioneering space company, is spearheading this mission, transporting physical Dogecoin to the moon via the DHL Moonbox aboard ULA's Vulcan Centaur Rocket.
The security breach has led to a temporary suspension of trading operations on the Woo network, which heavily relies on Kronos.
A wallet linked to Hashkey, a Hong Kong-based crypto exchange, has recently offloaded $90 million worth of Ethereum in a ten-day span.
Bitcoin Rocks, a collection featuring 100 rock-themed digital artworks, is one of the earliest adopters of the Ordinal theory, with the lowest inscription number being #71.
Former Bithumb Chairman, Lee Jeong-hoon, faces an eight-year prison sentence over allegations of manipulating Bithumb's governance in a complex cryptocurrency scandal, with a verdict set for January 18, 2024, potentially impacting Bithumb's future and regulatory scrutiny in the industry.