Bitcoin Drops Below $117,000, As Altcoins Gears Up For A September Rally
Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.

Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.
Dutch cryptocurrency company Amdax is preparing to launch one of Europeโs most ambitious Bitcoin strategies yet: creating a dedicated Bitcoin treasury firm, seeking a listing on Amsterdamโs Euronext, and ultimately aiming to acquire 1% of the total Bitcoin supply.
The SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
Taiwanโs WiseLink led a $10 million funding round for Nasdaq-listed Top Win International, helping the company buy Bitcoin and expand into digital assets. The deal makes WiseLink the first public Taiwanese firm to back a Bitcoin treasury strategy and aims to combine crypto holdings with cross-border business operations.
Citigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
Metaplanet bought 518 more bitcoins for about $61.4 million, bringing its total holdings to 18,113 BTC. The company uses creative financing methods to keep buying and aims to hold 210,000 BTC by 2027.
Ethereum co-founder Vitalik Buterinโs on-chain portfolio has surged past the $1 billion mark, fueled by Etherโs recent price rally, according to blockchain intelligence firm Arkham.
Stripe is developing its own blockchain, called Tempo, to make payments faster and cheaper while staying compatible with Ethereum. The project is linked to recent crypto-related acquisitions and could help Stripe compete with major payment networks.
Blue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
El Salvador has just approved it new Investment Banking Law, which allows investment banks to not only hold Bitcoin and other digital assets but also to offer full crypto services, but only to "sophisticated investors."
Hackers breached the Saudi Law Conferenceโs X account to promote scam meme coins linked to Crown Prince Mohammed bin Salman, leading to a swift rug pull that wiped out over 90% of the tokens' value.
Meme, SOLANA, 2024 celebrity meme coins: a collective "flop" show? Golden Finance, celebrities' involvement in cryptocurrency is nothing new.
Tencentโs WeChat, the widely used social media platform, has pledged to intensify its crackdown on a growing wave of advertising scams that exploit generative artificial intelligence to create deepfake videos.
Meta is using facial recognition technology to block scam ads that misuse celebrity images and help users recover their accounts faster. The system compares faces in ads with real profile pictures to detect and stop fraud in real time.
Despite its initial price dip, Andrew Tate's new cryptocurrency, DADDY, recently experienced a 35% surge following an announcement by the former kickboxer and influencer. But there are also many controversies surrounding this coin as well. So, is this coin really trustworthy, and what are some things you should know about this coin?
71-year-old grandmother in Taipei loses over 30 million Taiwan dollars in cryptocurrency scam, deceived by fake celebrity endorsement. Suspects Xu and Wang arrested after police sting operation. Authorities warn of rising prevalence of fake investment frauds, urge public caution and reporting of suspicious activities.
They are obsessed with chasing ups and downs in the market, and fighting fiercely, but they neglect planning and risk management. They regard themselves as gods for floating profits and scold their mother for floating losses. The more they care about short-term profits and losses, the more they will be fettered by it. Become a ghost under a big machete. This is the meaning of speculating on coins and leeks.
The scam of JPEX is heavily dependent on the โcelebrity effectโ to infiltrate various platforms, channels, and even different regions for promotion.
Coinbase says it is improving the safety and user experience of its Wallet app.
A Polygon executive highlighted that NFT games have an advantage over traditional "money in, no money out" gaming business models.