Son Min

Nasdaq-listed Bitmine Emergence's holdings of Ethereum (ETH) were found to be close to 2,416,054. This is an increase of about 270,000 compared to a week earlier. On the 22nd (local time), PR Newswire reported that Bitmine said in a press release, "Current Ethereum holdings amount to 2,416,054," adding, "the average purchase price per unit is 4,497 dollars." This is an increase of 274,387 from the figure announced on the 15th (local time), reflecting market purchases and staking returns. Bitmine also added that it holds 192 bitcoins (BTC) and 345 million dollars in cash.

Nasdaq-listed CEA Industries said it will raise funds to further stockpile Binance Coin (BNB). On the 22nd (local time), according to GlobeNewswire, CEA said in a press release, "We plan to raise an additional $500 million through a private investment (PIPE) and $750 million through warrants to acquire additional BNB," and added, "BNB is the most attractive asset in today's crypto asset market." It went on, "We will significantly increase the amount of BNB held per share for shareholders in the long term," adding, "Discussions with Changpeng Zhao, the founder of Binance, are also ongoing." Previously, CEA Industries had announced it would reserve 1% of BNB's total supply by the end of this year.

B HODL, the UK's first Bitcoin (BTC) treasury company, has been listed on the stock exchange. On the 22nd (local time), B HODL said on X (formerly Twitter), "It has been listed on the London Aquis Stock Exchange." B HODL currently holds 2470 bitcoins. Meanwhile, Adam Back, CEO of Blockstream, was reported to be a major shareholder of B HODL.

Last week, global digital asset (cryptocurrency) investment products saw inflows of $1.9 billion (2.6444 trillion won). On the 22nd (local time), CoinShares said in a report, "Last week, digital asset investment products saw a net inflow of $1.9 billion," and added, "This is the second consecutive week of net inflows, and investor sentiment has strengthened following the Federal Reserve's (Fed) rate cut." The funds that flowed in during the two days after the rate cut amounted to $746 million. It went on, "Total assets under management (AUM) for investment products reached a year-to-date high of $40.4 billion," and "it is highly likely to surpass last year's record high." By asset, Bitcoin (BTC) products ranked first with $977 million of inflows. In contrast, short (sell) Bitcoin products saw $3.5 million flow out, bringing assets under management ($83 million) to their lowest level in years. Ethereum (ETH) saw $772 million flow in. Cumulative inflows since the start of the year reached an all-time high ($12.6 billion). Major altcoins showed a good trend. Solana (SOL)-based investment products had net inflows of $127.3 million last week. XRP also showed a good trend, with $69.4 million coming in. By country, inflows from the United States were strong. U.S.-based crypto products alone had net inflows of about $1.792 billion, and Germany and Switzerland saw $51.6 million and $47.3 million respectively. Meanwhile, Sweden and Hong Kong experienced outflows of $13.6 million and $3.1 million respectively.

The education project Giggle Academy run by Binance co-founder Changpeng Zhao raised $1 million within 12 hours of launching its donation service. On the 22nd (local time), Changpeng Zhao said on X(Formerly Twitter), "Giggle Academy's donation service raised $1 million within 12 hours," adding, "We will use these donations to accelerate industry growth." He also added, "90% of the donations came from meme coins," and, "Perceptions of meme coins have changed." However, he drew a line on the possibility of issuing tokens. Changpeng Zhao emphasized, "Giggle Academy has no plans to issue tokens," adding, "We do not want to complicate a free education platform with tokenomics."

Ronin (RON), an EVM-based blockchain for P2E games, announced a token buyback plan. On the 22nd (local time), Ronin said on its official X (formerly Twitter), "On the 29th (local time) the foundation plans to swap all of its holdings of Ethereum (ETH) and USDC for RON," adding, "a token buyback worth US$4.6 million will be carried out." As of 5:13 PM, according to CoinMarketCap, RON is trading at $0.4839, down 1.77% from 24 hours ago.

Domestic virtual asset (cryptocurrency) exchange Bithumb is starting a Tether (USDT) lending service for corporate members. On the 22nd (local time), Bithumb said on its official website, "We are starting a USDT lending service for corporate members who have completed customer verification," and "The collateral asset is in Korean won, and loans can be made from 100 million to 500 million Korean won." The lending lending ratio is 95% of the deposited collateral, and the lending period is until the end of the month two months after the payment date.

Bybit has flatly denied the recently raised hacking rumors. On the 22nd (local time), Bybit said on X (formerly Twitter), "The rumors about Bybit being hacked are not true," adding, "All user funds are safe, and the system is operating smoothly." It added, "Be sure to check the latest information only through official channels." Earlier, on the Chinese social media service Xiaohongshu, a rumor spread that Bybit had $1.5 billion worth of Ethereum (ETH) stolen in a hack.

Nasdaq-listed DeFi Development is reportedly planning to launch a Solana (SOL) reserve company in South Korea. DeFi Development currently holds 2 million SOL. On the 22nd (local time), industry sources said DeFi Development plans to acquire a Korean listed company and launch a Solana reserve company through cooperation with Fragmetric, a Solana-based liquidity restaking protocol. Specific details have not yet been disclosed.

If Ethereum (ETH) price falls further, it is expected to reach the average purchase price of Nasdaq-listed Bit Mining. On the 22nd (local time), an analyst at crypto-asset analytics firm Amber CN said on X (formerly Twitter), "If Ethereum price falls another 200 dollars, it could reach Bit Mining's average ETH purchase price." He said, "Bit Mining's ETH purchase price is 3,949 dollars, and it currently holds a total of 2,151,000 ETH." However, questions were raised about Bit Mining's capacity to make additional purchases if Ethereum's price falls below its average purchase price. The analyst pointed out, "Bit Mining has stated that it will not sell Ethereum in the short term," but "if the price falls below the average purchase price, it is uncertain whether Bit Mining will carry out additional purchases." As of 4:11 p.m., based on the Binance USDT market, Ethereum is trading at 4192 dollars, down 6.5% from 24 hours earlier.

French-listed company CapitalB (formerly The Blockchain Group) was reported to have purchased an additional 551 Bitcoin (BTC). On the 22nd (local time), CapitalB said on X (formerly Twitter), "We purchased an additional 551BTC," and "We are recording a year-to-date return of 1651%." Currently, CapitalB holds 2800BTC.

Over the past 24 hours, positions in the perpetual futures market for virtual assets (cryptocurrencies) were liquidated in the amount of $1.7 billion. According to CoinGlass data on the 22nd (local time), a total of $1.7 billion worth of futures positions were liquidated in the virtual asset market over the past 24 hours. Specifically, $1.61 billion in long positions were liquidated, and $85.57 million in short positions were liquidated. The asset with the largest liquidation volume was Ethereum (ETH). Over the past 24 hours, $492.4 million worth of Ethereum positions were liquidated, of which $475.8 million were long positions and $16.6 million were short positions. During the same period, Bitcoin (BTC) saw $283.72 million in liquidations, of which $277.05 million were long positions and $6.67 million were short positions.

<Next week's major economic schedule> ▶︎22 (Mon) : △Williams FOMC member speech (Korean time 22:45, US time 09:45) △European Union (EU) September preliminary consumer confidence index (Korean time 23:00, US time 10:00) ▶︎23 (Tue) : △Korea August Producer Price Index (Korean time 06:00, US time 17:00 on 22nd) △EU September preliminary manufacturing PMI (Korean time 17:00, US time 04:00) △EU September preliminary services PMI (Korean time 17:00, US time 04:00) △UK September preliminary services PMI (Korean time 17:30, US time 04:30) △US September preliminary manufacturing PMI (Korean time 22:45, US time 09:45) △US September preliminary services PMI (Korean time 22:45, US time 09:45) ▶︎24 (Wed) : △US Powell Fed Chair speech (Korean time 01:35, US time 12:35 on 23rd) △Korea September consumer confidence index (Korean time 06:00, US time 17:00 on 23rd) △Japan September preliminary services PMI (Korean time 09:30, US time 20:30 on 23rd) △US August new home sales (Korean time 23:00, US time 10:00) △US crude oil inventories (Korean time 23:30, US time 10:30) ▶︎25 (Thu) : △Switzerland Q3 interest rate decision (Korean time 16:30, US time 03:30) △Swiss National Bank press conference (Korean time 17:00, US time 04:00) △US Q2 GDP (Korean time 21:30, US time 08:30) △US initial jobless claims (Korean time 21:30, US time 08:30) △US August existing home sales (Korean time 23:00, US time 10:00) ▶︎26 (Fri) : △US August core personal consumption expenditures price index (Korean time 21:30, US time 08:30) △US August core personal consumption expenditures index (Korean time 21:30, US time 08:30) <Next week's major cryptocurrency schedule> ▶︎22 (Mon) : △Mantra (OM) AMA △Kaia (KAIA) stablecoin gathering ▶︎23 (Tue) : △Pyth Network (PYTH) CO-PIP 9 vote ▶︎24 (Wed) : △Etena (ENA) AMA ▶︎25 (Thu) : △Alchemy Pay (ACH) community AMA △Kaia townhall ▶︎26 (Fri) : △

Solana(SOL) reserve companies' holdings have exceeded 17 million. On the 21st (local time), Cointelegraph said on X (formerly Twitter) that "Solana reserve companies hold 17 million Solana," and "this is about $4.1 billion," it reported. In particular, Forward Industries holds 6.8 million SOL, accounting for 40% of the total reserves.

Crypto Now Large purchases by global listed companies have a major impact Intraday $253…eight-month high Solana's price has recently surged. Backed by corporate treasuries and expectations of spot exchange-traded fund (ETF) approval, some forecasts suggest a full-fledged bull market could begin. On the 21st, according to CoinMarketCap, Solana rose 5% over the past week and was trading around $246. On the 18th, it even surged intraday to $253, marking an eight-month high. That represents a rise of up to 44% from the $175 recorded in mid-last month. Expectations for further gains have also increased. According to decentralized prediction platform Polymarket, the probability that Solana will surpass its all-time high ($295) within the year is 62%, roughly double that of a month ago. A major reason for optimism about Solana is large-scale purchases by listed companies. On the 15th, Nasdaq-listed Forward Industries secured 6,820,000 Solana, worth about $1.69 billion at current prices. Nasdaq-listed DeFi Development also bought an additional 62,745 this week alone, bringing its holdings to over 2,090,000. The total amount of Solana held by 17 global listed companies now accounts for about 3% of the total circulating supply. Corporate buying of Solana is expected to strengthen further. On the 17th, Forward Industries announced it would raise an additional $4 billion to buy Solana. Nasdaq-listed Helius Medical Technologies also unveiled fundraising plans to join Solana accumulation, seeking $500 million to up to $1.25 billion. The possibility of spot ETF approval is another factor fueling hopes of further gains. On the 17th, the U.S. Securities and Exchange Commission (SEC) approved the "ETF general listing standards," which simplify the listing process for spot ETFs. Under this change, assets that meet certain requirements—such as having perpetual futures traded on an exchange for at least six months—can be listed as ETFs automatically without individual SEC review. Eric Balchunas, a Bloomberg ETF analyst, said, "Cryptocurrencies like Solana and XRP, which have had futures traded on Coinbase for more than six months, can have ETFs launched faster," explaining that the likelihood of ETF approval has increased. Sonmin, Bloomingbit reporter sonmin@bloomingbit.io

Toyota, Yamaha, BYD have allowed Tether(USDT) payments in Bolivia, On 21 (local time), Paolo Ardoino, Tether CEO, said on X (formerly Twitter), 'Toyota, Yamaha, BYD support Tether payments in Bolivia,' and 'Tether is performing the role of a digital dollar in emerging countries.'

A claim has emerged that low-risk decentralized finance (DeFi) will become a core application of Ethereum (ETH). On the 21st (local time), Vitalik Buterin, co-founder of Ethereum, stated, "Like Google's search function, low-risk DeFi can become a core application of Ethereum." He continued, "DeFi protocols have become more stable than before," and explained, "Low-risk DeFi such as payments, savings, synthetic assets, and collateralized lending can, aligned with Ethereum's decentralization values, continuously sustain the network." He added that through this, innovations such as prediction markets and reputation-based lending could occur, promoting financial inclusion worldwide.

The altcoin season index provided by CoinMarketCap, a virtual asset (cryptocurrency) market reporting site, was shown to have reached 79 points. 121 (local time) According to CoinMarketCap, the 'Altcoin Season Index' recorded 79 points, up 1 point from the previous day. CoinMarketCap classifies an altcoin season starting from 75 points. The altcoin market capitalization also increased by US$20 billion from the previous day, recovering to US$1.74 trillion. The Altcoin Season Index is calculated by comparing price movements between the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) and Bitcoin (BTC). The one-year high is 87 points, recorded on December 4 last year.

Sei (SEI)'s decentralized finance (DeFi) ecosystem's total value locked (TVL) has reached an all-time high. On the 21st (local time), Sei stated on X (formerly Twitter), "Sei's DeFi ecosystem grew by about 68% in the second quarter," and "the lock-up deposits surpassed $600 million to set an all-time high," the company said. As of 2:54 PM, based on the Binance USDT market, Sei is trading at $0.3202, down 0.31% from 24 hours earlier.

A claim has been made that Bitcoin (BTC) must hold the $115,440 level. On the 21st (local time), Ali Martinez, a virtual asset (cryptocurrency) analyst, said on X (formerly Twitter), "Bitcoin must hold $115,440," and added, "if it falls below this, there could be problems for the price." Earlier, he analyzed, "considering the price distribution, $115,440 is a major support for Bitcoin," and said, "if it falls below this, it could fall to the $93,600 level."

An analysis said that quantum computers could neutralize the Bitcoin (BTC) cryptographic system within the next 5 years. On the 21st (local time), according to CoinDesk, Anatoly Yakovenko, founder of Solana (SOL), said, "The likelihood that quantum computers will neutralize the Bitcoin network's security within the next 5 years reaches 50%," and said, "Bitcoin must be migrated to a quantum-resistant signature scheme." However, the Bitcoin community is generally skeptical about the quantum computer threat. Bitcoin Core developers Peter Todd and Luke Dashjr assessed that quantum computers are not yet a realistic threat, and Blockstream CEO Adam Back expressed the same position..

During the past 24 hours, position liquidations in the perpetual futures market for virtual assets (cryptocurrencies) were recorded at 128.73 million dollars. On the 21st (local time), according to CoinGlass data, a total of 128.73 million dollars worth of futures positions were liquidated in the virtual assets market during the past 24 hours. Specifically, long positions worth 62.84 million dollars were liquidated, and short positions worth 65.88 million dollars were liquidated. The asset with the largest liquidation volume was Ethereum (ETH). Ethereum saw 14.24 million dollars in liquidated positions over the past 24 hours, of which long and short positions accounted for 9.33 million dollars and 4.91 million dollars, respectively. During the same period, Bitcoin (BTC) saw 4.54 million dollars liquidated, of which long positions were 1.93 million dollars and short positions were 2.6 million dollars.