Ethereum Reserve Companies and ETFs Accumulate Over 10 Million Coins
On August 17, according to strategicethreserve.xyz data, current Ethereum reserve companies and ETH spot ETFs hold 3.06% and 5.42% of total supply respectively, with a cumulative holding of 10.26 million ETH, already exceeding 8.4% of Ethereum's total supply.
Standard Chartered Bank: Norway's Sovereign Wealth Fund Increases Bitcoin Holdings by 83% in Q2
According to The Block, Standard Chartered analyst Geoffrey Kendrick disclosed that Norges Bank Investment Management's Bitcoin-related positions surged 83% in Q2 (from 6,200 to 11,400 BTC), primarily through increased MicroStrategy stock holdings. Norges Bank Investment Management, also known as Norway's Government Global Pension Fund, is the world's largest sovereign wealth fund, managing $1.7 trillion in assets.
Canary Capital CEO Predicts: Bitcoin to Reach $150,000 This Year, Ethereum's Future Uncertain
According to Decrypt, Canary Capital CEO Steven McClurg told CNBC that Bitcoin has over 50% chance of reaching $150,000 by the end of 2024, attributing this rise to growing ETF demand and expanding institutional buyers including sovereign wealth funds, pension funds, and corporate bonds. However, he is pessimistic about Ethereum's prospects, believing it will be replaced by emerging blockchains like Solana. Analyst Greg Magadini points out Ethereum's unrivaled developer ecosystem, expecting the ETH/BTC exchange rate to recover to 7%.
Whale Transfers Over 10,000 ETH to CEX, Staking for 1.5 Years Yields Over $20.68 Million Profit
On August 17, according to Yu Jin monitoring, a whale liquidity staked 10,000 ETH over the past year and a half, yesterday redeeming 10,564 ETH (including 564 ETH in interest), and transferred 10,819 ETH (approximately $47.79 million) to Kraken 2 hours ago. During this period, ETH itself appreciated by $18.2 million, with staking interest reaching $2.48 million.
Whale Deposits 19.38 Million USDC to Hyperliquid and Continues to Accumulate HYPE
According to Lookonchain monitoring, a whale is accumulating HYPE, depositing 19.38 million USDC to Hyperliquid in the past 5 hours to purchase more HYPE.
Analysis: Bitcoin Still Expected to Reach $150,000 by 2026
On August 16, Bitcoin hit a new high this week, breaking through $123,000, surpassing July's peak. Its upward momentum comes from institutional buying, corporate financial allocation, US policy support, and continuously accumulating sovereign national returns. This trend further reinforces deVere Group's prediction that Bitcoin may reach $150,000 by the end of 2025. As the world's largest cryptocurrency, Bitcoin has risen over 31% since the beginning of the year, approximately 60% from April's market low. Driving factors include: · Unprecedented capital inflow into US spot Bitcoin ETFs; · Large listed companies incorporating Bitcoin into their balance sheets; · Trump administration's Bitcoin-friendly policies; · Profits from government Bitcoin holdings. Nigel Green, founder and CEO of deVere Group, states that strong forces are converging to push Bitcoin to new records: "Institutional capital is flowing into spot ETFs at record scales. Listed companies view Bitcoin as a strategic reserve asset. The White House is actively supporting this asset class. Sovereign nations' Bitcoin investments have been profitable. These are not isolated events, but part of a deeper systemic transformation of the global financial system."
Real-Life FX Fighter! Japanese Streamer All-In on Binary Options, 30,000 Yen to 150,000 → Zero
Japanese streamer "Nanahara-kun" used his remaining 30,000 yen to play binary options (a short-term financial derivative similar to gambling), first winning 155,000 yen in 5 minutes, but losing everything in the second attempt, breaking down during the livestream. While such high-volatility investments are exciting, they are essentially negative-expectation gambling, and similar "trading entertainment" phenomena in the crypto space have also sparked controversy. The case warns of gambling risks and reminds people to invest rationally.
Why Are Struggling Companies Massively Buying Bitcoin?
George Karam's semiconductor company Sequans Communications, influenced by the Bitcoin wave, raised $384 million to buy Bitcoin, causing its stock price to surge 160%. This trend, driven by Bitcoin evangelists like Michael Saylor, has led 154 global listed companies to raise nearly $100 billion to invest in cryptocurrencies. Despite short-term stock price surges, the market fears potential systemic risks from cryptocurrency price drops, similar to the dot-com bubble burst. Some companies are buying Bitcoin through debt, risking a debt crisis if coin prices crash. Investors indirectly hold digital assets through these "crypto treasury companies", but the industry's high volatility raises doubts about long-term sustainability.
Google's Ambition: From AI Computing Infrastructure to Crypto
Google is accelerating its layout in AI and cryptocurrency, partnering with Bitcoin mining company TeraWulf through its AI cloud platform Fluidstack, acquiring 8% of its stock and guaranteeing $1.8 billion in project financing to obtain high-performance computing resources. Meanwhile, Google Play is adjusting cryptocurrency app policies, requiring exchanges and custodial wallets to operate compliantly, but exempting non-custodial wallets. Additionally, Google is discussing stablecoin integration with multiple companies, exploring payment optimization. These actions show Google is deeply involved in AI computing and crypto ecosystems, balancing innovation and compliance.
