1. Santiment: Bitcoin shows signs of recovery, and cryptocurrencies are not dependent on the performance of the stock market.

2. VanEck predicts that the price of Bitcoin may reach $2.9 million per coin by 2050.

3. In August, the Ethereum network burned approximately 13,467 ETH, worth nearly $35 million. Since the implementation of EIP-1559 in early August 2021, Ethereum has burned a total of approximately 4.37 million ETH, worth about $12.3 billion. -Original

4. U.S. Senator Tim Scott and FalconX's Austin Reed discussed the future of cryptocurrencies.

U.S. Senator Tim Scott and FalconX's Austin Reed discussed the political momentum of cryptocurrencies and the future of digital assets in the United States.  -Original

5. QCP Capital: Ethereum underperformed Bitcoin in August, with Ethereum plummeting by 22.2%.

6. Zhu Su: Ethereum is like Microsoft Vista, and the high demand for tickets for the South Korean Blockchain Week is a bullish signal.

Zhu Su, the founder of Three Arrows Capital, stated on the X platform that Ethereum is like Microsoft Vista.  -Original

7. Noelle Acheson: Bitcoin is sensitive to interest rate cuts and a weakening U.S. dollar, which is favorable for price increases.

8. In August, the trading volume of centralized cryptocurrency exchanges increased by 6.6% to reach $1.2 trillion.

In August, the monthly trading volume of centralized cryptocurrency exchanges increased by 6.6% to reach $1.2 trillion.  -Original

9. In August, monthly fees for DeFi protocols decreased by 24.4% to a total of $288 million.

In August, the monthly fees for DeFi protocols decreased by 24.4% compared to July, totaling $288 million. Lido led with fees of $76.18 million, followed by Uniswap, Jito, and PancakeSwap, among others.  -Original

10. The forex trading company Cobo withdrew 56,733,702.05 USDT from Binance.

17 minutes ago, Cobo withdrew 56,733,702.05 USDT from Binance.  -Original

11. Ripple's Chief Legal Officer: The U.S. SEC should stop using the fictitious term "cryptocurrency securities" to mislead judges.

Ripple's Chief Legal Officer Stuart Alderoty stated on social media, "The term 'cryptocurrency securities' cannot be found in any law; it is a fictitious term without legal basis. The U.S. Securities and Exchange Commission (SEC) should stop using it to mislead judges."  -Original

12. Galaxy Digital: Bitcoin may remain in a range-bound state until November, and the U.S. presidential election has a significant impact on investors.

Alex Thorn, the research director of the cryptocurrency asset management company Galaxy Digital, said, "In addition to the early decline, another reason that made August so difficult is the oversupply of Bitcoin. However, it is claimed that these oversupply issues have now largely dissipated or been resolved. Most of the Bitcoin held by the U.S. government was confiscated from theft and is likely to be returned rather than sold. The German government has completed the sale, and we believe that the Bitcoin legacy from Mt. Gox has been largely distributed, and all bankrupt companies have returned available tokens to creditors. From a supply perspective, the future of Bitcoin looks bright. The distribution of the legacy of the collapsed exchange FTX may become a positive catalyst, and we expect the repayment action to be initiated within the next six months." Thorn added, "This distribution will provide a large amount of cash to a group of creditors composed of known cryptocurrency investors, who may consider reinvesting in the industry." According to Thorn, Bitcoin may remain in a range-bound state until November, as the U.S. presidential election has a significant impact on investors. He stated, "A Trump victory could be a positive catalyst, and any negative impact from a Harris victory may be negligible. I expect the market to be volatile until we have a better understanding of the expectations for interest rate cuts and the election."  -Original

13. Jack Dorsey posted the website of the anonymous eSIM card purchase platform Silent Link on Twitter.

Twitter founder Jack Dorsey posted the website of the anonymous eSIM card purchase platform Silent Link. According to the introduction, users can obtain a U.S. (+1) or U.K. (+44) phone number through Silent Link's IDENTITY program for receiving text messages, for use in registering messaging apps, and more. The platform supports payment in Bitcoin, Lightning Network, or Monero. eSIM is an electronic SIM card, which is a data file that can be downloaded to a mobile terminal via the network.  -Original

14. Ethereum gas fees surged to 21.61 Gwei, a 110.75% increase in 10 minutes, indicating increased on-chain activity.

The above are selected hotspots from the past 24 hours. For faster news, please download AICoin (aicoin.com).

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