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🔽 The BTC price plummeted by $8,000: from $124k to $117k after the release of US macro data and Besant's speech. In one hour, long positions worth $422 million were liquidated. 📈Crypto_Ocean

The most common causes of cryptoasset loss: 🔸 Private key leakage - 32%; 🔸 Phishing with transaction signing - 18%. 🔸 Downloading fake wallets and trading apps - 16%; 🔸 Address spoofing and Trojan phishing - 13%; 🔸 Attacks by professional hacker groups - 6%; 🔸 Phishing in messengers, including fake chat applications - 8%; 🔸 Attacks on trading platforms - 4%; 🔸 Transfer errors, Ponzi schemes, loopholes in smart contracts, etc. - 3%. 📈Crypto_Ocean

🤓 Coinbase analysts believe that alt season may begin in September: ➡️ BTC's market share fell from ~65% in May to ~59% in August — a sign of capital flowing into altcoins. ➡️ The expected Fed rate cut in September–October could free up some of the $7.2 trillion held in money market funds. ➡️ Institutional investors remain focused on BTC and ETH, while the growth of altcoins depends on the arrival of retail investors. 📈Crypto_Ocean

🔷 Will the ETH price rise to $9,600? The ETH/BTC pair crossed its 365-day moving average. At previous peaks, this rate reached 0.08, meaning that 1 ETH was worth 8% of the price of BTC. If Bitcoin stays at $120,000, Ethereum should rise to around $9,600 to reach this ratio again. 📈Crypto_Ocean

Understanding Trading Fees When buying or selling cryptocurrencies on an exchange, a small fee is charged to facilitate the trade. This trading fee, usually a percentage of the trade value, is an essential revenue stream for exchanges. Let's break it down with an example. Suppose you want to buy 1 Bitcoin (BTC) on an exchange with a 0.5% trading fee. If the current price of BTC is $10,000, you'll need to pay $10,000 for the BTC plus $50 for the fee (0.5% of $10,000), totaling $10,050. Trading fees are crucial because they: - Enable exchanges to operate and maintain their platforms - Cover costs such as security, customer support, and infrastructure - Encourage responsible trading practices - Help prevent market manipulation and abuse By understanding trading fees, you can make informed decisions and avoid unexpected costs. Remember, trading fees are a small price to pay for the convenience and security of trading on a reputable exchange! 📈Crypto_Ocean

⛏️Jack Dorsey's Block company has unveiled a new product for Bitcoin mining — Proto Rig modular rigs. They are capable of lasting 10 years and reducing miners' costs by 15-20%. 📈Crypto_Ocean

😈 Pump fun developer stole money from the platform Former Pump fun developer Jarrett Dunn pleaded guilty to stealing approximately $2 million in Solana tokens from the platform. 👮‍♂️ He is currently in custody awaiting sentencing. He faces up to 7 years in prison. Now it's a little clearer where some of the money lost by traders on the shields ended up 🤔 📈Crypto_Ocean

Understanding Trading Fees When buying or selling cryptocurrencies on an exchange, a small fee is charged to facilitate the trade. This trading fee, usually a percentage of the trade value, is an essential revenue stream for exchanges. Let's break it down with an example. Suppose you want to buy 1 Bitcoin (BTC) on an exchange with a 0.5% trading fee. If the current price of BTC is $10,000, you'll need to pay $10,000 for the BTC plus $50 for the fee (0.5% of $10,000), totaling $10,050. Trading fees are crucial because they: - Enable exchanges to operate and maintain their platforms - Cover costs such as security, customer support, and infrastructure - Encourage responsible trading practices - Help prevent market manipulation and abuse By understanding trading fees, you can make informed decisions and avoid unexpected costs. Remember, trading fees are a small price to pay for the convenience and security of trading on a reputable exchange! 📈Crypto_Ocean

Demand for bitcoins in 2025 from Bitcoin ETPs and treasury companies alone is already more than 5.6 times greater than the supply of BTC and continues to grow. 📈Crypto_Ocean

📉 The average annual salary in the US is now only 0.55 ₿. Over the past 5 years, salaries expressed in bitcoins have fallen by 87%. 📈Crypto_Ocean