China · Tether · Federal Reserve (FED) · Ethereum · Bitcoin.com News
Tether Completes Audit, Wintermute Bets on AI and High-Frequency Trading, And More, Weekly Recap
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This week’s stories spanned old crypto fortunes, transparency, market forecasts, trading expansion, and macro shifts.
Key facts
- Ethereum’s Oldest Whales Wake up as Millions Leave Deep Storage On Tuesday, Aug
- Arthur Hayes warned bitcoin could fall to $50,000 before eventually reaching $1 million, Wintermute committed $1 billion to AI and high-frequency trading, and gold climbed above $4,400 as China kept
- Gold Hits 2-Month High Above $4,400 as China Keeps Hoarding
- Arthur Hayes Warns Bitcoin May Fall to $50,000 Before $1 Million
Summary
Ethereum whale moved 2,680 ETH after 11 years, spotlighting OG profits and possible selling pressure. KPMG gave Tether a clean 2025 audit, easing USDT reserve fears and strengthening market confidence. Arthur Hayes sees Bitcoin at $50K before $1M, as Wintermute bets $1B on AI and gold tops $4,400. Ethereum’s Oldest Whales Wake up as Millions Leave Deep Storage On Tuesday, Aug. 11, onchain trackers caught a Genesis ethereum (ETH) wallet moving 2,680 ETH worth $5.03 million after sitting untouched for 11 years.