The month of August was full of significant events in the crypto world. While Bitcoin slowed down, Ethereum showed strong growth. Major players also made substantial purchases, and the discussion around regulation and security continued to gain momentum.

Ethereum Transactions Reach Yearly High

On August 5, the Ethereum network reached a new milestone: more than 1.8 million transactions were processed in a single day. In addition, a record amount of ETH was staked. By now, nearly one-third of the total supply is locked, indicating that many investors prefer stability and the long term.

Bitcoin Under Pressure After 24,000 BTC Sale

On August 24, the market was shaken by the sale of no less than 24,000 Bitcoin, worth approximately $2.7 billion. This transaction triggered a short but sharp correction, during which leveraged positions were massively liquidated. Despite this setback, Bitcoin remains one of the most important players in the global financial ecosystem.

Large-Scale Purchases by Companies

In August, two well-known companies together added more than 5,300 Bitcoin to their holdings. One purchased around 3,500 BTC, while the other added nearly 1,900 BTC to its portfolio. These strategic acquisitions highlight the ongoing confidence businesses have in the long-term value of digital currencies.

Stricter Regulation for Crypto ATMs

In the United States, two additional states introduced stricter regulations for crypto ATMs in August. This brings the total number of states with such rules to thirteen. The regulations are primarily designed to better protect vulnerable groups against fraud.

Bitcoin Expands Its Share in the Global Money Supply

According to recent calculations, Bitcoin now accounts for approximately 1.7% of the global money supply. This makes the digital currency an increasingly visible player within the international financial landscape.

Disclaimer: This is not financial advice. Always conduct your own research and consider seeking professional guidance.