Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says

“Every time ETH gas fees have dropped to rock bottom, it has often signaled a price bottom in the mid-term,” one market watcher said.Source

Justin Sun Bets on Memecoins With Tron-Based Token Generator

Sun.io, the DeFi platform associated with Tron founder Justin Sun, has released a token generator dubbed SunPump.Source

South Korea’s Pension Fund Snaps Up Nearly $34M MicroStrategy Shares

South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to filings made public earlier this week.Source

Donald Trump Holds Over $1M in Ether, Also Receives NFT Licensing Fees

Filings show he has over $1 million in Ether.Source

NYSE Scrubs Plan to List Bitcoin ETF Options

Other exchanges have also withdrawn their applications, but some have re-filed.Source

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.Source

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon

The blame this time can’t be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.Source

Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes

Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said.Source

Stablecoin Supply Growth Isn’t Eating Into Crypto Market Share: JPMorgan

The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.Source

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).Source