Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers

The accumulation by BTC whales suggests optimism among large investors, IntoTheBlock’s head of research noted.Source

MakerDAO Should Use Solana’s Code to Build Its New Blockchain, Co-Founder Says

Some community members have already pushed back against the idea.Source

Traders Are Paying 2,000% to Buy CYBER as Social Network’s Tokens Soar

The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.Source

Robinhood to Buy Back Sam Bankman-Fried’s Stake for $605.7M

The 55 million HOOD shares owned by Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies.Source

First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.Source

Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital

Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.Source

Lira-Backed TRYB Token Becomes World’s Second-Largest Non-Dollar-Pegged Stablecoin

The market cap of BiLira’s TRYB token has increased more than 300% to $136.10 million, the second-highest among non-U.S. dollar-pegged stablecoins.Source

Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal

Genesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.”Source

HashKey Capital’s $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters

Less than half of the fund’s investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.Source