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South Korean authorities are probing a dramatic price surge of the altcoin AVAIL on the Bithumb exchange, suspecting price manipulation under the newly implemented Virtual Asset User Protection Act. This act, which came into force on July 18, empowers regulators to investigate suspected cases of market manipulation within the country’s registered crypto exchanges.

On August 5, the United States Bitcoin and Ether ETFs saw a significant surge in trading volume, reaching nearly $6 billion amidst a turbulent market. Data from CoinGlass reveals that spot Bitcoin ETFs recorded a staggering $5.24 billion in daily trading volume, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for over half of this amount.

Bitcoin investors were jolted awake this Monday as the cryptocurrency experienced a dramatic 15% drop, with its price crashing to approximately $51,500. This sharp decline follows a troubling trend that has seen Bitcoin lose over 26% of its value in just one week, down from around $70,000 on July 29.

The cryptocurrency landscape is rapidly evolving, propelled by advancements in artificial intelligence (AI) that are poised to revolutionize various sectors. One of the most promising developments is the emergence of AI coins, which integrate AI technology with blockchain to offer innovative solutions across industries.

In a groundbreaking move, SEED and Catizen have come together to change the face of Telegram gaming as is known today. The idea of this partnership is to combine the distinctive characteristics of both platforms so that users can have an innovative and engaging experience.

Bitcoin mining, once a lucrative endeavor, is facing unprecedented challenges amidst the current volatility in the cryptocurrency market. Recent analyses underscore the precarious financial position many miners find themselves in, highlighting the potential for significant industry consolidation if BTC prices continue to decline.