Shiba Inu has had a tough week, losing 13% of its value. However, whales continue to show confidence in SHIB's prospects

Shiba Inu whales have continued to consistently accumulate the asset over the past few weeks. However, short-term holders (STH) have been selling their tokens, which has increased pressure on the price. We look into why SHIB sales by short-term hodlers may prevent the memecoin from growing significantly in the near future.

Mining company Riot Platforms has acquired another 1 million shares of Bitfarms, increasing its stake to 18.9% in a bid to stage a hostile takeover, The Block reports.

At the time of writing, Riot Platforms owns more than 85.29 million shares of the competitor, making it the largest shareholder.

On August 13, Bitfarms co-founder Nicolas Bonta stepped down from the board of directors and was replaced by the company's CEO Ben Gagnon.

USDT, issued by Tether, continues to dominate its category of assets, currently accounting for over 70% of stablecoin transactions.

USDT hit another major milestone this week, with its market cap growing by over $1 billion in the past seven days to a record high of $115 billion.

$XRP
Ripple SEC Case: After Judge Torres ordered Ripple to pay $125 million in fines in the damages phase, debate has raged over a possible appeal by the U.S. Securities and Exchange Commission (SEC). Some reports suggest the agency will not appeal the ruling, but legal experts say appeals of previous decisions are more likely, including summary judgment.

$DOGE
Tesla CEO Elon Musk recently stunned the X community with a memetic post titled "Just Living the Meme," which was accompanied by an image. The playful post gained attention, reflecting Musk's well-known penchant for memes and his ability to engage with the online community.

$TON
The largest crypto exchange by trading volume, Binance, has announced the listing of The Open Network (TON) for spot trading.
Trading of the asset will become available on August 8 at 13:00 (Kyiv/MSK) in pairs TON/BTC, TON/USDT, TON/FDUSD. The exchange added support for perpetual USDⓈ-M contracts based on The Open Network on March 1.

At the time of writing, deposits into TON are already open. Withdrawals from the spot account will become available on August 9.

#TON/USDT
At the same time, the listing will take place with a Seed tag - this is a tag that is added to all projects with high volatility and risks.

In fact, this is another big good sign for the TON ecosystem. And the coin itself responded to the news with a 12% increase.

The rate has actually grown by 12% in a couple of hours and is now at $6.3 per 1 coin.

TryTON project is something that will make you think about investing.
A competent team, bonus and free NFTs that can be sold, your own existing TRT token and much more.
Just come in and better yet, attend at least one ama session and you will understand everything yourself.
You will not regret.

$BTC
The press service of the Binance crypto exchange has published a report on confirmation of digital asset reserves as of August 1, 2024. The trading platform has enough funds to cover all client deposits. According to the latest data, the Bitcoin (BTC) balance on the platform is 652.37 thousand BTC. This is 6.34% higher than the liabilities to clients of 613.47 thousand BTC.

➡️ Georgian payment service CityPay has started accepting TON USDT for payment.

➡️ TON crypto wallet MyTonWallet has entered into a partnership with AvanChange, within which Russian users will now be able to purchase TON, NOT and USDT for rubles using Russian cards directly in the wallet.

➡️ Despite the fact that after Monday the stock exchanges grew slightly, the index of fear and greed on them fell to a record low in the zone of "extreme fear"

$BANANA
$BTC
Telegram bot tokens are no exception and are going through a tough day along with the entire cryptocurrency market
Bitcoin (BTC) has fallen below $50,000 today, triggering a wave of liquidations worth over $1 billion in the last 24 hours. As a result, Telegram bot tokens have also come under attack. The bearish sentiment is intensified by skeptical investors who decided to sell in the hope of profit, but ended up suffering losses.

$BTC
$ETH
Amid the latest drop in digital asset prices, the cryptocurrency market is once again facing a wave of liquidations on centralized exchanges. An analysis by CCData notes that the situation is exacerbated by a drop in aggregate liquidity for Bitcoin (BTC) and Ethereum (ETH).

$SOL
$FLOW

The editors of BeInCrypto have compiled a list of promising altcoins that can bring investors good profits in August.
The successful selection of assets for promising investments is becoming increasingly difficult in an unstable crypto market. The BeInCrypto editors will help make this process easier: we have selected the top 5 altcoins that are worth paying attention to this month.

$ETH
Daily net inflows into U.S. Ethereum exchange-traded funds (ETFs) have returned to positive despite cumulative outflows from the Grayscale Ethereum Trust (ETHE) exceeding $2 billion.
ETH Ethereum (ETH) recorded net inflows of $26.7 million on August 1, led by $89.6 million inflows into the BlackRock iShares Ethereum Trust (ETHA), according to data from Faride Investors.

$DOGE
The price of Dogecoin (DOGE) fell for the seventh day in a row. Coin holders are alarmed by the short-term prospects of the popular memcoin
On-chain analysis shows that there is reason to panic. Memcoin Dogecoin (DOGE) is facing a sell-off from current levels.

Dogecoin is under threat

Over the past seven days, the price of the popular memcoin has fallen by almost 14%. Holders are hopeful that a recovery will begin soon, but IntoTheBlock data suggests otherwise. The In/Out of Money Around Price (IOMAP) indicator foreshadows a wave of sales around the $0.11 level.

$BTC
$ETH
Wallets associated with Genesis Trading, a crypto lender owned by conglomerate Digital Currency Group, transferred more than 16,000 bitcoins (worth $1.1 billion) and 166,000 ether ($521 million) on Friday, according to blockchain data provider Arkham Research. This likely indicates that Genesis Trading will begin paying its creditors after the collapse in 2022.

According to the latest data provided by CryptoQuant, an important trend has emerged in the cryptocurrency market: large investors are actively preparing for the next altcoin rally. The founder of the company, Ki Yong-joo, said that this is confirmed by the growth in the volume of limit orders for the purchase of alternative cryptocurrencies. Evidence shows significant buy walls are forming in the market, which could be a harbinger of future growth.

$ADA

Cardano (ADA) has witnessed a significant 300% increase in exchange-traded product (ETP) inflows. An unexpected influx of capital from institutional investors could set the stage for a potential uptrend ahead of the Chang hard fork.

Cardano Fund Inflows Skyrocket 300%

$SOL
The end of July 2024 will be remembered by members of the crypto community thanks to positive news that could trigger the growth of the Solana cryptocurrency rate
We tell you what is happening with SOL and to what levels, according to investors, the cryptocurrency can grow due to the positive news background.