Bitcoin is trying to resist the selling pressure, so where will it end?

Bitcoin $60,791, leading altcoin
Ethereum It is trading at $2,729. The total value of the cryptocurrency market is 2.1 trillion dollars. Bitcoin’s market cap is $1.2 trillion, Ethereum’s market cap is $328 billion. The bulletin prepared by the CoinTR Research Department includes developments in the cryptocurrency industry.

$1.7 billion “sleeper” BitcoinMovement in two days may increase the risk of selling pressure on Bitcoin

The recent move of $1.7 billion “sleeping” Bitcoin has caused a stir in the crypto market. may lead to increased selling pressure. Stating that 29,206 Bitcoins were transferred on-chain between August 11-12, analyst XBTManager stated that this situation put pressure on the Bitcoin price. However, analyst Tony Sycamore suggests that Bitcoin could reach the $70,000 resistance as macro conditions improve in the medium term. Glassnode analysts emphasize that despite the uncertainty of the market, large wallet owners tend to accumulate.

Singapore’s largest bank DBS launches blockchain-powered ‘treasury tokens’ pilot

DBS Bank, Singapore’s largest bank, has launched a pilot project called “DBS Treasury Tokens” together with Ant International, the international arm of Alibaba’s fintech subsidiary Ant Group. This project aims to improve treasury and liquidity management. Working on DBS’s permissioned blockchain network, the project optimizes liquidity management by reducing the resolution time of Ant International’s intra-group transactions from days to seconds. This initiative stands out as an important step that aims to create new efficiencies in DBS’s traditional banking services.

Spot Ethereum ETFs record net inflows of $24 million, while Grayscale’s ETHE fund returns to negative flows

US spotlight Ethereum ETFs recorded net inflows of $24.34 million on Tuesday, continuing Monday’s positive run. However, Grayscale Ethereum Trust (ETHE) experienced negative flows again after zero flows the previous day, recording an outflow of $31 million. BlackRock’s ETHA had the largest inflow at $49.12 million. Spot Bitcoin ETFs also recorded net inflows of $38.94 million, with BlackRock’s IBIT making the largest contribution at $34.55 million.