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Bitcoin News Today: Trump-Backed Merger Fuels 231% Gryphon Surge as Bitcoin Push Gains Momentum
Bitcoin News Today: Trump-Backed Merger Fuels 231% Gryphon Surge as Bitcoin Push Gains Momentum

- Gryphon Digital Mining’s shares surged 231% since May amid its pending merger with American Bitcoin, a Trump-backed crypto miner, set to trade as ABTC on Nasdaq by September. - The all-stock deal sees Hut 8, American Bitcoin, and their team holding 98% of the new entity, with Winklevoss brothers as anchor investors, aiming to create the world’s largest pure-play bitcoin miner. - Strategic advantages include leveraging existing relationships for financing, with Hut 8 expanding U.S. data centers (1.53 GW)

ainvest·2025/08/29 03:12
Bitcoin News Today: Government Picks Pyth to Power Trust in Digital Data Future
Bitcoin News Today: Government Picks Pyth to Power Trust in Digital Data Future

- Bitcoin fell 0.18% on August 29 amid market volatility, while Pyth Network’s PYTH token surged 99.01% due to growing institutional interest in onchain data infrastructure. - The U.S. Department of Commerce partnered with Pyth Network to verify and distribute economic data onchain, enhancing transparency for decentralized finance and public data systems. - Bitcoin’s market dominance at 53.75% contrasted with Ethereum’s strong performance, as investor flows shifted toward Ethereum-based innovations and DeF

ainvest·2025/08/29 03:12
Paraguay Bets on Tokenized Equity via Polkadot
Paraguay Bets on Tokenized Equity via Polkadot

Paraguay invests $6M using tokenized equity on Polkadot to build a tech hub with a hotel, university, and data center.Inside the Assuncion Innovation ValleyPolkadot’s Role in Real-World Asset Tokenization

Coinomedia·2025/08/29 03:10
Mixed Crypto Signals: AAVE & SHIB Slow Down While BlockDAG Accelerates Past $386M As it Races Towards $600M
Mixed Crypto Signals: AAVE & SHIB Slow Down While BlockDAG Accelerates Past $386M As it Races Towards $600M

Explore the latest AAVE price movement and Shiba Inu (SHIB) trading volume as BlockDAG’s presale crosses $386M, aiming for $1 and securing its status as the top crypto to buyAAVE Price Movement Holds Near $329Shiba Inu Trading Volume Jumps 109% as Price DeclinesWhy BlockDAG’s Timing Could Be the Key to Long-Term GainsConclusion: The Top Crypto to Buy May Already Be Decided

Coinomedia·2025/08/29 03:10
Tether Mints $1B USDT Amid Market Buzz
Tether Mints $1B USDT Amid Market Buzz

Tether mints $1 billion USDT, sparking speculation of a market move.Major Minting: What’s Behind the $1B USDT?Liquidity Injection or Market Signal?Should You Be Watching the Charts?

Coinomedia·2025/08/29 03:10
Bitcoin Hash Ribbon Signals Flash in Rare Pattern
Bitcoin Hash Ribbon Signals Flash in Rare Pattern

Three Bitcoin Hash Ribbon buy signals appear closer than ever — a rare bullish sign.A Rare Pattern Hidden in the Hash RibbonsThree Bullish Signals — One Tight WindowWhy You Shouldn’t Ignore This Signal

Coinomedia·2025/08/29 03:10
Ethereum ETFs See $309M Inflow Surge in One Day
Ethereum ETFs See $309M Inflow Surge in One Day

Ethereum spot ETFs gained $309M in inflows on August 27, boosting total assets to $30.17B.Ethereum Spot ETFs Attract Massive InflowsWhat’s Fueling the Ethereum ETF Boom?Institutional Interest Keeps Growing

Coinomedia·2025/08/29 03:10
Flash
11:55
UniSat suspends Alkanes Marketplace, awaiting indexer upgrade completion
Jinse Finance reported on July 4 that, according to an official UniSat announcement, UniSat has temporarily suspended the Alkanes Marketplace to protect user assets due to the recent Alkanes protocol incident. UniSat stated that it is currently waiting for the Alkanes team to update the latest Alkanes indexer; once the indexer upgrade is complete and data consistency is confirmed, the Marketplace service will be reopened.
11:11
Stablecoin market under pressure: approximately $10 billion in crypto capital outflows bring the market cap to the $3 trillion level, with US stocks becoming the primary destination.
Odaily reported that, according to on-chain analyst Yujin's monitoring, under the continued correction in the crypto market, the overall market capitalization of USD stablecoins has decreased by about 10 billion dollars from previous highs, with the current total size maintained at around 300 billion dollars. Meanwhile, some funds are believed to have flowed into the U.S. stock market, which has exhibited stronger wealth effects this year. Latest quarterly data shows varying degrees of capital outflow among leading stablecoins: Tether (USDT): Total supply dropped from approximately 189.8 billion dollars to 184.1 billion dollars, net outflow of about 5.7 billion dollars USD Coin (USDC): Total supply dropped from about 79.6 billion dollars to 73 billion dollars, net outflow of about 6.6 billion dollars, making it the stablecoin with the largest outflow in this round USDC issuer Circle’s related tokens have been under pressure, and its stock price has also retreated from around 136 dollars to near 64 dollars, cooling market expectations for its growth. In contrast, stablecoin USD1 recorded a net inflow of about 500 million dollars during the same period, with total supply rising from around 4.1 billion dollars to 4.6 billion dollars, making it one of the few assets to experience contrarian growth. However, this growth is partially believed to depend on interest rate subsidy incentive mechanisms from trading platforms, such as activities on certain exchanges that guide user holdings and trading behavior.
11:11
ECB Governing Council member Muller: Favorable inflation data puts the central bank in an advantageous position
Golden Ten Data reported on July 4 that European Central Bank Governing Council member Muran stated on Saturday that following last month's rate hike, data show inflation has fallen back along with the plunge in oil prices, putting the European Central Bank in a "favorable position" at present. The European Central Bank does not provide forward guidance, so it will not reveal what will happen in July. However, the fact is that the rapid decline in oil prices has brought some relief, allowing a more favorable stance on interest rates. Muran also said that compared with other central banks, the European Central Bank’s 2.25% interest rate is "very low" and the June rate hike was "reasonable under any circumstances." He also pointed out that the European Central Bank's communication at that time indicated this rate hike was not the start of a new tightening cycle.
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