If you thought you could escape the excitement and that August was going to be a calm month, you’re definitely in the wrong place.
In the crypto world, tranquility is a mythical creature, and you know what? That’s part of its charm. Here, things are always happening—many things, and they happen fast.
That’s why it’s so important to stay informed, and we invite you to check out the top 3 stories of the week:
Bitcoin Hits a New Record
🏆 The network has set a new record, with over 1 million addresses holding 1 BTC.
This milestone not only reflects increased adoption of the currency but also suggests growing interest from both retail and institutional investors in accumulating BTC, driving demand.
Bitcoin Magazine notes that the number of addresses with 1 BTC has surged over the past two years. This indicates that investors are taking steps to secure their share of Bitcoin, a resource that is limited and increasingly scarce.
Can you imagine having 1 BTC? It might seem like an impossible mission at first glance. However, with a good strategy, anything is possible.
Imagine breaking down the long journey towards that Bitcoin into small steps. Every day, every week, or every month, you can take one more step and cover part of the journey until you reach your goal.
That’s what you can do with Bit2Me’s Recurring Purchases. You set the amount of BTC you want to buy and how often you want to do it (monthly, weekly, or daily). This way, you create a strategy to steadily accumulate BTC until you reach your goal 🎯
Solana Joins the Restaking Trend
Solana has launched Solayer, which will be its main restaking network. It focuses on Solana-native DApps, which can now reserve their own space and processing power on the blockchain, improving efficiency and reliability.
The restaking layer on Solana is a significant step forward, offering an essential tool for growth and innovation.
Restaking allows tokens staked in one protocol to be simultaneously used in others, enhancing rewards and boosting the security and scalability of blockchain ecosystems.
Coin of the Week: SUI
Since the beginning of the week, SUI has gained over 130%.
One reason for this growth was the announcement of two new crypto investment products by Grayscale, one based on TAO and the other on SUI.
Additionally, whales have begun accumulating large amounts of SUI, which, combined with growing interest from users and investors, has driven its surge, according to on-chain analytics platform Santiment.
