A trader lost $24 million shorting Ethereum in 12 seconds.

A 50,000 ETH position was liquidated in five trades as the asset rose $43. The wallet had previously made about $49 million betting against the market and now holds $35.61.

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🥴 Optimism Moves $49M in OP

Optimism (OP) redirected $49 million in OP from user airdrops to the Optimism Foundation’s Strategic Ecosystem Fund for partnerships, incentives and corporate deals.

A 8.486 million OP vote from Test in Prod, the Optimism Collective’s core development team, swung the result in the final 16 minutes 52 seconds. It approved transferring 546.9 million OP, or 12.7% of total supply. The vote ended 17.974 million to 10.931 million. Without it, approval would have been 46.47%, the quorum would have failed, and users would have kept the tokens.

L2BEAT criticized the fund’s broad mandate and the lack of audits of past partnership spending. Community members also cited signs of coordinated voting through addresses linked to the Optimism Team.

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Bloomberg says Anthropic will file IPO documents by the end of August, targeting SpaceX’s valuation or higher.

Polymarket gives an 82% chance of an IPO by the end of October.

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99% of people come to crypto for one reason: trend.

They want to be in the shitcoin while it’s running.

Then the first green candle shows up and mfers start calling tops.

Grow some balls and take the risk of buying the top.

That’s why you’re here in the first place.

That’s what you signed up for.

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Just Pump It Up.

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Jim Cramer:

August 3rd: "I’m selling my Bitcoin."

August 21st: *Bitcoin climbs $78,000.

Bro is really the inverse signal.

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POV: You shorted the historic low

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No better time to start than now.

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The memecoins TRUMP and MELANIA have pumped more than 100% since the August 19 crypto summit at the White House.

The crypto community expects further pumps before the November midterm elections to the US Congress.

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⚡️ JUST IN: Strategy bought no Bitcoin last week and increased its USD reserve by $1.9B.

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Solana developers implemented the first stage of reducing average slot times on mainnet from 400 to 350 ms under SIMD-0525.

Three subsequent upgrades are planned to reduce slot times to 300, 250 and 200 ms, lowering latency and improving censorship resistance.

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AI already writes more than one-third of new web pages.

Pew Research Center found AI involvement on about 10% of 10,000 English-language pages, rising above one-third among pages published after ChatGPT launched in November 2022.

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😂😂😂

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🫥 Phantom Ends Sui Support

Phantom will end support for Sui on September 24, following a joint decision with the network. User funds remain safe and fully under their control.

Before September 24, users can move their wallet to another app supporting Sui or swap Sui assets for another asset supported by Phantom.

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🪙 Dalio Flags Bitcoin Hedge

Ray Dalio named Bitcoin one way to protect against US debt risks.

Problems could worsen in about three years. Weak demand for US bonds could prompt more issuance, increasing inflation and pressure on the dollar.

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🔥 Trump May Have Started Altseason

Trump's statements may have triggered the early phase of altseason, CryptoQuant analysts say.

From 19 to 22 August, altcoin market cap rose more than 24%, adding $215 billion. Total2, the crypto market's value excluding Bitcoin, moved back above $1 trillion. Mid- and small-cap coins led gains.

Now, 56% of altcoins trade above their 200-day moving average, up from 15-20%. CryptoQuant calls this a regime shift, but warns the market is overbought and may pause before continuing higher.

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It's not a big deal. We just go where the easy money is.

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An anonymous Telegram number, +888 8 666, sold for 666,666 GRAM, worth about $995,000 at the time.

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