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.
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.
Taiwan’s 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 Buterin’s on-chain portfolio has surged past the $1 billion mark, fueled by Ether’s recent price rally, according to blockchain intelligence firm Arkham.
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."
Harvard Management Company purchased around $117 million in BlackRock’s Bitcoin ETF as part of its public portfolio. This investment highlights increased institutional involvement in regulated cryptocurrency funds.
The dispute between BlockFi and 3AC over lending led to a New Jersey bankruptcy court's intervention, causing widespread repercussions and signaling an end to crypto lending and hedge funds.
ERC404 merges NFT uniqueness with cryptocurrency liquidity, introducing Replicants to revolutionize trading and ownership on the Ethereum blockchain, marking a pivotal evolution in digital assets.
Oobit secured $25M in Series A funding to expand its crypto payment app globally, enabling transactions at over 100 million retailers, aiming for mainstream cryptocurrency adoption.
Walmart and VeChain's collaboration achieved over 200 million transactions, showcasing blockchain's potential in revolutionising retail sustainability. This milestone underscores the importance of transparency and accountability in the food industry's journey towards a safer, more ethical future.
Bitsonic executives were sentenced for stealing $7.5 million, highlighting the need for stricter crypto market regulation and investor vigilance.
Pandora Token's price has skyrocketed to $8,780, driven by the implementation of the innovative ERC404 standard, promising enhanced functionalities. Investors are closely monitoring the rapid fluctuations, with one trader turning a $97,484 investment into a staggering $1.2 million within just two days.
B2C2 acquires a virtual asset registration in Luxembourg, expanding its European footprint alongside giants like PayPal, preparing for MiCA regulation, and led by finance veteran Denzel Walters.
Exploring the SEC's review of Ethereum ETFs, their market impact, regulatory hurdles, and the anticipation shaping the future of digital asset investments.
HKGCC proposes yuan-linked stablecoins and a Virtual Asset Connect Scheme to integrate digital currencies, enhancing Hong Kong's financial landscape and global business appeal.
BlackRock and Fidelity's Bitcoin ETFs dominate the U.S. market, showcasing rapid growth, investor confidence, and shifting preferences towards cryptocurrency investments.