On August 2, 2024, there were several important news and developments in the cryptocurrency market:
1. **Tether’s financial situation**: Tether achieved a profit of US$5.2 billion in the first half of 2024, and currently holds US$97.6 billion in US Treasury bonds, showing its strong financial stability and market influence [[ ❞]](https://thecurrencyanalytics.com/altcoins/tether-achieves-unprecedented-5-2-billion-profit-in-2024-an-in-depth-analysis-of-market-impact-128486).
2. **MicroStrategy and Bitcoin**: MicroStrategy reported that it held 226,500 Bitcoins and its revenue fell by 7.4%. The company continues to hold large amounts of Bitcoin, demonstrating long-term confidence in the digital asset [[❞]](https://cryptonews.com/).
3. **VanEck’s prediction for Bitcoin**: VanEck’s CEO predicts that the price of Bitcoin may reach $2.9 million by 2050. This prediction reflects the market’s optimistic expectations for Bitcoin’s long-term potential [[❞]] (https://cryptonews.com/).
4. **Genesis Trading**: Genesis Trading transferred 40,000 Ethereum to two addresses, which may indicate that the company is liquidating assets [[❞]](https://cryptonews.com/).
5. **Top Cryptocurrencies**: Notcoin (NOT), Bonk (BONK), and DTX Exchange (DTX) are considered cryptocurrencies to watch in August, especially amid the Ethereum ETF craze [[❞]] (https://cryptonews.com/news/august-2024-crypto-picks-amid-eth-etfs-buzz-notcoin-bonk-and-dtx-exchange.htm).
6. **Other News**: Lido launches institutional-grade liquidity staking solution; former Binance advisor to join Kamala Harris’ campaign [[❞]](https://cointelegraph.com/ category/latest-news).
These news demonstrate the diversity and dynamism of the cryptocurrency market, and investors should pay close attention to these developments in order to make informed investment decisions.
