đ„ Daily Crypto Brief: Key Market Updates and Insights - CoinStats Analytics
CoinGecko Warns of Fake Airdrop
On August 21, CoinGecko warned about fraudulent $GECKO airdrop schemes. The company clarified it has no plans for such an airdrop and urged users to be cautious and verify sources before clicking links. Earlier, CoinGecko had dealt with similar scams involving fake promotions on Discord.
Bitcoin Mining Hashrate Rebounds
Bitcoin Mining Hashrate has recently increased, with a seven-day average peaking at 650 TH/s. This follows a dip in July and early August. The rise in hashrate indicates miners are investing in new capacity despite past challenges. BitFuFu reported a 62.5% increase in mining capacity, reflecting optimism in the sector. New mining pools, like WhitePool by WhiteBIT, are also emerging, enhancing security and competitive rewards.
Defiance Launches MicroStrategy ETF
On August 21, Defiance ETFs announced the launch of the MicroStrategy âMSTXâ ETF, providing 175% long daily exposure to Nasdaq-listed MicroStrategy (MSTR). CEO Sylvia Jablonski highlighted MSTXâs potential for managing risk and capitalizing on Bitcoin market trends.
State Streetâs Digital Asset Platform
On August 20, State Street revealed plans to create a digital asset platform for institutional clients in partnership with Taurus. The platform will offer tokenization, custody, and node management services. State Street aims to integrate traditional finance with digital assets, supporting institutional clients in managing and tokenizing their assets.
