BTCSpotETF overall net outflow this month

According to monitoring data, the overall net outflow of BTC Spot ETF in the United States in August was 83 million US dollars. ARK's ARKB had a net outflow of 65 million US dollars. The price of BTC dropped from $64,600 to $59,300 in August.

Institutional Whale's Large-scale Operation

A certain Whale institution recently withdrew 29,414 ETH from the exchange and deposited it into Lido to earn stake income at Address. Another Whale Address is suspected to have closed all positions of 5419 ETH built 7 months ago, with profits withdrawing over $8.4 million.

Ethereum development ecosystem continues to heat up

The Ethereum Foundation has announced the list of funded projects and community activities for the second quarter of 2024, totaling over $8.47 million. According to the data, as of July 1st, there are 2,788 full-time developers and a total of more than 8,865 developers in the Ethereum community, with 450 researchers.

Telegram encryption business share

According to reports, Telegram held digital assets worth 400 million US dollars as of the end of 2023, with its encryption-related business accounting for about 40% of total revenue. It sold TON worth 244 million US dollars this year. The company's team has about 50 very young members with an annual salary of 500,000 US dollars.

Russia trials encryption cross-border payments

Russia will start using Crypto Assets for cross-border payments next week to evade international sanctions. The legislation allows the use of Crypto Assets for cross-border payments but prohibits the use of Crypto Assets as a means of payment within Russia.

Hong Kong Police Crack Down on Money Laundering Group

Hong Kong police have dismantled three Money Laundering groups this month, involving a total amount of over HKD 200 million. These groups collect fraudulent funds through bank accounts and then launder the black money by purchasing Virtual Money.

TRON Network Revenue Surges

In the past 12 days, the total revenue of the TRON network has exceeded $36 million, and the withdrawal fees of mainstream exchanges have significantly pumped. Among them, the revenue provided by SunPump is $463,000, and the TRON network fees have risen significantly compared to before.

The law firm made 7.51 billion dollars from the encryption bankruptcy case.

According to reports, law firms handling seven bankruptcy cases of Crypto Assets since 2022 have requested and received a total of $7.51 billion in fees. Among them, Sullivan Cromwell received the highest income, reaching $2.15 billion.