August, 2024 | The Digital Markets Network

August, 2024

Ethereum Faces Inflationary Pressure: Has the Ultra Sound Money Era Ended?
Ethereum (ETH) which is addressed as ultra-sound money due to its deflationary supply method, now appears to be facing new challenges that have prompted some analysts to question whether this narrativ...

Excess Supply of Bitcoin Could Keep Pushing BTC Down, Experts Say
A new report from Kaiko assesses the impact of large BTC sales, and others share their outlook for the months ahead....

Amazon Taps Anthropic's Claude AI to Revitalize Alexa: Report
Amazon’s proprietary LLM, built with data gathered from Alexa users, was too slow, so they’re turning to another AI developer, according to Reuters....

Can TON Even Handle the 'Hamster Kombat' Telegram Game Airdrop?
Hamster Kombat's team expects to hold the "largest airdrop in history" next month. Can The Open Network hold up after this week's downtime?...

Trump Leads Harris by 12 Points Among Crypto Owners: Poll
Crypto voters come from across the political spectrum, according to researchers at Fairleigh Dickinson University....

Coinbase sees first crypto transaction between AI agents
Coinbase CEO Brian Armstrong sees the transaction as an “important step to AIs getting useful work done.”...

Ethereum (ETH) Struggles To Break Past $2,600: What’s Driving ETH Down?
Ethereum (ETH) has been trading within a daily range between $2,300 and $2,800 since the start of August. Over the past three days, the price has struggled to break past the $2,600 mark, raising conce...

Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD
The company was authorized to choose between receiving a $30 million or a 500 Bitcoin loan from Galaxy Digital....

Bitcoin must reach a ‘higher high’ to confirm uptrend after dip below $58K
If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst....

Bitcoin Set For Further Losses As Data Points To Stormy September – Details
According to data from CoinMarketCap, Bitcoin has experienced a turbulent end to August, losing 7.75% of its market value in the final week. This price decline underscores the overall negative perform...