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Tim Draper's interest in Bitcoin began in 2011. Despite losing around 40,000 bitcoins in the Mt. Gox incident, his confidence in Bitcoin was not shaken. Instead, it strengthened his understanding of the resilience of the Bitcoin system.
Following the Israel-Iran ceasefire announcement, whales have been buying these three tokens, with significant price movements signaling potential for continued growth in these altcoins.
In the past year, the tokens of public blockchain projects with active foundations and high participation have generally experienced a decline in market performance over the past three months and one year, influenced by the overall bearish trend in the altcoin market.
The first phase of the novel distribution model, called ‘Glacier Drop,’ invites token holders from the eight launch ecosystems to claim 100% of $NIGHT Tokens The Midnight Network Tokenomics Paper is published today, detailing the economic model that will underpin the Midnight Network—the privacy enhancing, zero knowledge smart contract blockchain—and introducing Glacier Drop, the multi-phase … <a href="https://beincrypto.com/midnight-network-fair-token-distribution/">Continued</a>
NPC skyrockets 45%, while WIF and Launchcoin show promising growth. Key resistance levels for each altcoin will determine their future price action.
- 14:34Glassnode: A New Wave of Net Bullish Options Buying Emerges in the $124,000 to $130,000 Strike Price RangeAccording to a report by Jinse Finance, Glassnode data shows that positions in the Bitcoin options market have shifted significantly upward, with a new round of net call option purchases emerging in the $124,000 to $130,000 strike price range, totaling an increase of $41 million. Meanwhile, demand for put options below the spot price is unusually weak, indicating that traders are generally optimistic about the market outlook. Analysts believe that the current options position structure suggests the market is developing a price attraction zone between $120,000 and $130,000, rather than building downside risk hedges.
- 14:27U.S. Commerce Secretary Confirms Bid to Acquire Intel Shares, States No Corporate Governance RightsAccording to a report by Jinse Finance, U.S. Secretary of Commerce Luttig has confirmed that the U.S. government is in talks with Intel (INTC.O), planning to replace subsidies under the CHIPS and Science Act with equity stakes. Luttig stated on Tuesday that this plan would not grant the U.S. government any governance or voting rights in the company. He criticized the CHIPS Act signed by former President Biden, saying it provided subsidies to semiconductor manufacturers without delivering any returns to American taxpayers. In an interview, Luttig said, "This is not about governance; we are simply converting Biden-era grants into equity, and these are non-voting shares." The negotiations with Intel mark a significant shift in U.S. semiconductor policy. If finalized, this could pave the way for similar agreements with other chip manufacturers. Luttig also noted that the U.S. aims to rebuild some domestic chip manufacturing capacity for national security reasons.
- 14:27Valantis Acquires Hyperliquid Ecosystem Liquid Staking Platform StakedHYPE, TVL Exceeds $200 MillionChainCatcher reports, according to The Block, that the modular DEX protocol Valantis announced on August 19 the completion of its acquisition of StakedHYPE, the second-largest liquid staking platform on the HyperEVM blockchain. The financial details of the transaction were not disclosed by either party. Valantis stated that the operations, development, and expansion of StakedHYPE will be fully taken over by Valantis Labs. According to the acquisition agreement, Addison Spiegel, founder of Thunderhead—the entity behind StakedHYPE—will join the Valantis team as an advisor. Within the Hyperliquid ecosystem, StakedHYPE ranks second only to Kinetiq among liquid staking platforms, with a current total value locked (TVL) exceeding $200 million. This acquisition will further strengthen Valantis’s presence in the DeFi sector.