Bitcoin Mining Hits Record Difficulty as Institutional Crypto Accumulation Continues
Bitcoin Mining Hits Record Difficulty as Institutional Crypto Accumulation Continues
⛏️ Mining hits limits
Bitcoin mining difficulty reached an all-time high of 134.7T, tightening profit margins for large operations and raising centralization concerns. However, small miners on Solo CK Pool still secured full block rewards worth over $340K each.
CFTC offshore exchange guidance faces criticism from Centrifuge's General Counsel Eli Cohen, who called the advisory outdated and emphasized that lasting regulatory clarity must come from Congress-led unified legislation.
ARK Invest expanded crypto exposure by purchasing 387K BitMine shares and 144K Bullish shares totaling ~$23.5M across ETFs. BitMine separately increased ETH holdings by $65M, now controlling 1.5% of supply.
Ethereum ETFs experienced outflows for 5 consecutive days (~$1B total), with $447M on Friday alone. ETH dropped nearly 3% last week. Despite short-term weakness, major investors increased ETH holdings by 14% over 5 months, with BitMine's Tom Lee maintaining a $60K ETH price target.
🚨 Big move in crypto: U.S. SEC & CFTC just issued a joint statement allowing registered institutions to conduct crypto spot trading. This could accelerate institutional adoption & market legitimacy.
📢 Today’s Top Crypto Headlines: 🏛️ US Commerce to Publish Data on Blockchain • Commerce Sec. Howard Lutnick announced GDP & other economic stats will be issued directly on blockchain for transparency & tamper-resistance. A pioneering step for public sector blockchain
📢 Today’s Top Crypto Headlines: ⛏️ Bitcoin Mining Difficulty Hits Record •Difficulty climbed to 134.7T, an all-time high •Profit margins tightening for large operations → centralization concerns •Yet small miners on Solo CK Pool still secured full block rewards worth
📢 Today’s Top Crypto Headlines: 🔥 Ethereum Strength Despite Market Dip • August on-chain volume hit $320B → highest since May 2021 • Driven by institutional allocations, ETF inflows & lower fees • DeFi TVL remains strong, staking continues to thrive • Reinforces $ETH as
📢 Today’s Top Crypto Headlines: 📉 Bitcoin’s “Red September” Risk • Historically, $BTC averages a -3.77% dip in Sept since 2013. • Current predictions: 75% chance of drop to $105K • Still, institutional adoption & maturing markets may cushion the seasonal effect if key
📢 Today’s Top Crypto Headlines: 🏦 BitMine Expands ETH Holdings • Despite the downturn, BitMine bought 190,500 $ETH last week. • Now holds 1.71M ETH (~$7.9B) • Maintains $562M cash reserve → capacity for further buys • Total assets down from $8.8B peak due to market dip.
📢 Today’s Top Crypto Headlines: ⚖️ SEC & CFTC Cooperation • Exchanges with existing registrations from either body can now offer spot crypto trading services legally • Aims to boost institutional trust, liquidity & compliance clarity • Positions the U.S. as a stronger hub
🚨 US Congress is back from recess and crypto is now front and center. 🏛️ Senate Banking aims to revise the market structure draft before September ends. 🌾 Senate Agriculture will follow with CFTC-focused proposals. 🇺🇸 Senator Lummis says the bill could be signed into law by
📢 Today’s Top Crypto Headlines: 🥇 Tokenized Gold Rally • Gold neared $3,499/oz, its highest since April • Tokenized gold sector hit $2.57B market cap • @tethergold $XAUT & @Paxos $PAXG see strong inflows as investors hedge with digital gold. ⚡ WLFI Frenzy on Spot Launch
📢 Today’s Top Crypto Headlines: ⚡ Aave Token Volatility & WLFI Rumors AAVE swung sharply after rumors it would receive a 7% WLFI allocation. •WLFI denied the claims ❌ •But a past Aave DAO proposal for 7% WLFI tokens + 20% protocol revenue remains active •Price dropped
📢 Today’s Top Crypto Headlines: 💳 Stablecoin Payments Race Heats Up • Fireblocks launched a global #stablecoin payment network (100+ countries, 40 compliance partners). • Stripe introduced Tempo blockchain for enterprise payments. • With stablecoins at $260B+ cap,
Bitcoin Holds Above Six Figures as Bridgers Expands Cross-Chain Support
**Bitcoin maintains strength above $100,000** as cross-chain routing protocol Bridgers enhances its Bitcoin bridging capabilities. **Key Features:** - Finds optimal cross-chain routes for Bitcoin using aggregated liquidity - Non-custodial execution through smart contracts - No fund custody - users maintain wallet control **Supported Bitcoin Wallets:** - TokenPocket, Unisat, Ctrl Wallet, OKX Wallet - SafePal, imToken, OneKey, Bybit Web3, Bitget Wallet **How It Works:** - Scans DEXs and bridges for best routes - Users authorize transactions - Smart contracts execute on-chain Bridgers operates as a routing protocol rather than a traditional exchange, allowing users to move Bitcoin across chains while maintaining full custody of their assets. [Try Bridgers](http://dapp.bridgers.xyz)
Hong Kong Stablecoin License Race Heats Up
**Hong Kong's monetary authority plans selective stablecoin licensing approach** The Hong Kong Monetary Authority (HKMA) will issue only a **limited number of stablecoin licenses** in its initial phase, despite receiving 77 applications from major financial institutions. **Key applicants include:** - HSBC - ICBC (Asia) - Bank of China (Hong Kong) - Standard Chartered **Industry frontrunners identified** Market insiders suggest **Standard Chartered and Bank of China (Hong Kong)** are positioned as leading candidates for first-round approvals. This selective approach indicates Hong Kong's cautious but strategic entry into regulated stablecoin markets, prioritizing established banking relationships over broad market access.
Community Check-in: September 8th Morning Greeting
The SWFT AllChain Bridge community continues its daily tradition with another **gm frens** greeting on September 8th, accompanied by the sun emoji. This marks the latest in a consistent pattern of morning greetings that have been shared regularly since February. The community maintains its friendly, casual tone with variations between "gm gm" and "gm frens" formats. - Weather emojis range from sunny ☀️ to partly cloudy 🌤️ - Coffee ☕ occasionally appears in the greetings - The sun with face 🌞 emoji appears periodically for variety The consistent daily engagement demonstrates an **active and committed community** that values regular connection and positive energy to start each day.
Japan Proposes Stricter Crypto Oversight Under Securities Framework
Japan's Financial Services Agency (FSA) has recommended **moving crypto oversight** from the Payment Services Act to the stricter **Financial Instruments and Exchange Act**. **Key changes:** - Stronger investor protection measures - Alignment with traditional securities frameworks - Enhanced regulatory oversight **Problems being addressed:** - Poor disclosure practices - Unregistered operations - Fraudulent activities This regulatory shift would bring digital assets under the same strict rules that govern traditional securities, marking a significant tightening of Japan's crypto regulatory landscape.