In this episode of Coin Street headlines, we dive into the latest headlines shaping the cryptocurrency landscape.
Despite Ethereum reaching an all-time high of $4,957 on August 24, revenue from network fees dropped by 44% in August, totaling over $14 million compared to July’s $25.5 million. Sora Ventures has announced a groundbreaking $1 billion bitcoin treasury fund, backed by an initial $200 million from institutional partners across Asia. We analyze the current market sentiment, which has shifted into fear, leading investors to be more cautious and less interested in obscure altcoins. Insights from sentiment platform Santiment reveal traders are now focusing on which major assets might break out next. El Salvador has celebrated its fourth anniversary of making bitcoin legal tender. We discuss the country’s strategic reserve of over 6,000 bitcoin valued at $702 million and the recent developments in public sector involvement and bitcoin certification programs. Jane King with the latest from the NYSE.