ETH hits All Time High, Breaking Four-Year Record đ
Ethereum just casually broke its own record after holding on to it for four years, and all the while we were all watching the king of crypto show a glimpse of $117K just before fumbling the bag. Yeah, the king is taking a break right after that Fed pump⊠Classic BTC behavior, it wonât be long for sure.
In other news, weâve got market manipulation games between industry big fighesâŠ. SOL vs. BNB, who you got your money on? And just when we thought weâre finally done with the FTX movie, weâre tuned in to a new scene where FTX creditors are PISSED about their personal info getting leaked all over the dark web. đł
Letâs break it down:
- Ethereum Hits All-Time High Price After Nearly 4 Years
- Binance Faces Allegations of Market Games as Solana Nears BNB
- Bitcoin Dips Below $113K Near Six-Week Low Despite Federal Reserve Cut Expectations
- FTX creditors sue Kroll for mishandling claims, exposing sensitive data
Ethereum Hits All-Time High Price After Nearly 4 Years
Ethereum hit a new all-time high price on Friday, breaking a nearly four-year record following recent gains fueled by surging ETH treasuries, an increasingly favorable regulatory environment for the protocol, and growing interest from traditional finance firms. The second-largest cryptocurrency by market cap is up 15% over the past 24 hours to $4,879, surpassing its previous record of $4,878 set in November 2021, data from CoinGecko shows. ETH has more than doubled in price over the last two months to outpace even Bitcoin as investors flood into the exchange-traded funds.
Binance Faces Allegations of Market Games as Solana Nears BNB
New allegations surfaced, claiming Binance is deliberately holding back Solanaâs momentum to protect the BNB token, throwing the crypto market into controversy. It adds to the list of times the largest exchange on trading volume metrics has been accused of using Wintermute market maker to influence prices. Analyst Marty Party sparked the debate on X (Twitter), alleging that Binance has been working with market maker Wintermute to prevent Solanaâs market capitalization from surpassing BNB.
Bitcoin Dips Below $113K Near Six-Week Low Despite Federal Reserve Cut Expectations
Bitcoin dipped beneath the $113,000 mark on Monday, wiping out the strong rally sparked by Federal Reserve Chair Jerome Powellâs dovish comments. As of 01:27ET(05:27GMT), the top cryptocurrency traded 2.1% lower at $112,550.5. The digital asset slid to a six-week trough near $111,000 in the previous session as traders realized profits following the surge on Friday. That day, Bitcoin soared past $117,000 in response to Powellâs remarks at the Jackson Hole symposium, where he acknowledged rising labor market risks and hinted at potential adjustments to monetary policy, including a possible rate cut in September.
FTX creditors sue Kroll for mishandling claims, exposing sensitive data
FTX creditors have launched a class action lawsuit against Kroll Restructuring Administration, the firm managing claims for the bankrupt crypto exchange. The suit, filed on Aug. 20 by US-based Hall Attorneys, alleged that Krollâs handling of claims for FTX, BlockFi, and Genesis customers caused financial harm and exposed sensitive information to cybercriminals. According to the lawsuit, Kroll knew emails were unsafe, as it consistently warned about phishing risks after it suffered a data breach incident in August 2023.
Other Highlights Worth Mentioning
Philippines Lawmaker Proposes 10,000 BTC Strategic Reserve - BeInCrypto
Scammer Poses as UK Police, Steals $2.8M in Bitcoin From Hardware Wallet - Decrypt
Brazil to hold first hearing on proposed $19 billion Bitcoin Strategic Reserve - Cryptoslate
Coinbase tightens workforce security after North Korea remote-worker threats - CoinStats
COINIGY FACT OF THE DAY.
FTX DATA-BREACH ALERT!!!!!.... On this day in 2013, FTX disclosed a data breach at its claims agent Kroll, and investigators warned of phishing hitting creditors the same day.
Defunct crypto exchange FTX has announced a cybersecurity breach involving its bankruptcy case claims agent, Kroll, in which limited, non-sensitive customer data of specific claimants was exposed. FTX said it is actively overseeing the situation, assuring that account passwords, systems and funds remain unaffected. The struggling crypto exchange utilized the X platform on Aug. 25 to notify its customers, creditors and the public about a cybersecurity breach involving its claims agent, Kroll.
COINIGY MEME OF THE WEEK
