Ethereum Revenue Drops but Analysts Say Network Still Strong

A Messari analyst sparked heated debate over the weekend after declaring Ethereum is “dying” as network revenue declined in August. In an X post on Saturday, Messari research manager AJC stated that “Ethereum’s fundamentals are collapsing,” as Ethereum’s revenue from fees in August was $39.2 million, down over 40% year-over-year and approximately 20% month-over-month. Source:…

Germany Missed $5B Bitcoin in Piracy Case, Says Arkham

German authorities may have missed around 45,000 Bitcoin tied to the movie piracy site Movie2K, meaning there could be another $5 billion worth of Bitcoin that could eventually be seized and sold.  Crypto intelligence platform Arkham said on Friday that it found more than 45,000 Bitcoin (BTC) that “still remains in wallets belonging to Movie2K,”…

Banking Barriers Still Frustrate Crypto Users and Exchanges in Australia

Crypto users in Australia are still facing banking barriers when engaging with exchanges and other crypto businesses, according to a recent survey, while industry executives say clearer rules from the government could be the silver bullet that fixes the problem.  A Binance survey of 1,900 Australians released on Thursday found 58% of respondents wanted easy…

ETH Whales Stack 14% More Coins Since April Low: Santiment

Ether whales have been ramping up their ETH buying since the token dipped to yearly lows in April, according to crypto sentiment platform Santiment. “In exactly 5 months, they have added 14.0% more coins,” Santiment said in an X post on Wednesday, referring to whale holders with 1,000 to 100,000 ETH, valued between $4.41 million…

El Salvador Celebrates Four-Year Bitcoin Anniversary, but Results Are Mixed

El Salvador’s Bitcoin Office is celebrating “Bitcoin Day,” the anniversary of the Bitcoin (BTC) legal tender law taking effect in September 2021. The Bitcoin Office highlighted the country’s Bitcoin strategic reserve, which now holds 6,313 BTC, valued at over $702 million, and the new banking law, which allows BTC investment banks to serve sophisticated investors,…

Chainlink CEO Sees Tokenization as Sector’s Rising Future After Meeting SEC’s Atkins

Chainlink CEO Sergey Nazarov met with U.S. Securities and Exchange Commission Chairman Paul Atkins, who Nazarov said was keenly interested in how best to bring on-chain assets into compliance with securities laws. The chief executive of Chainlink, a network specializing in authenticating real-world data for smart contracts, said he was impressed with how much the…

Here’s Why Analysts Say DOGE Price Could Rally Toward $1

Key takeaways: From memecoin to mainstream? The first $175 million DOGE treasury is launched. DOGE price bullish megaphone pattern puts a 550% rally to $1 in play. Dogecoin’s (DOGE) price rallied 10% from its monthly lows at $0.205 to an intraday high of $0.224 on Thursday. This move was fueled by the launch of the…

El Salvador Celebrates Four-Year Bitcoin Anniversary, but Results Are Mixed

El Salvador’s Bitcoin Office is celebrating “Bitcoin Day,” the anniversary of the Bitcoin (BTC) legal tender law taking effect in September 2021. The Bitcoin Office highlighted the country’s Bitcoin strategic reserve, which now holds 6,313 BTC, valued at over $702 million, and the new banking law, which allows BTC investment banks to serve sophisticated investors,…

Paxos Proposes Stablecoin for Hyperliquid with HYPE Buyback

Stablecoin infrastructure firm Paxos has submitted a proposal to launch USDH, a Hyperliquid-first stablecoin that would be fully compliant with the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) and Markets in Crypto-Assets (MiCA) regulatory standards. According to the announcement, published on Saturday, 95% of interest earned from USDH reserves would be…

Despite All-Time High ETH Prices, Network Revenue Drops 44% in August

Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240%…