In brief
<ul><li>Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans.</li><li>It comes as the firm posted zero … [+4437 chars]

The struggling Canadian firm aims to scale through a Litecoin-focused reserve and infrastructure model amid a pivot to the 27th-largest coin.

Decrypt

Canadian Firm Luxxfolio Plans $73M Raise to Expand Litecoin Treasury Strategy

Key takeaways:
<ul><li>Bitcoin miners sold $485 million worth of BTC during a 12-day period ending Aug. 23.
</li><li>Despite miners selling, Bitcoins network hashrate and fundamentals remain resili… [+3779 chars]

OG whales have been selling, and Bitcoin miners started selling too. Is the $485 million in BTC sold by miners a red flag or just standard profit-taking?

Cointelegraph

Bitcoin miners cash out $485M as BTC struggles to hold $112K; Red flag?

A Los Angeles woman was reportedly duped out of more than $81,000 by a scammer using AI-generated videos of “General Hospital” star Steve Burton.
Abigail Ruvalcaba sent money through prepaid cards, … [+4218 chars]

The woman sent money through prepaid cards, cash and bitcoin after being conned into believing the actor lost properties in the LA wildfires earlier this year.

Page Six

Love-struck fan duped by AI videos of popular soap star in shocking $81K scam

Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher.
Based on reports, the total crypto market cap bounced fro… [+2480 chars]

Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher. Related Reading: $160K Bitcoin By Christmas? Analysts Say It’s Still Possible Based on reports, the total crypto marke…

newsBTC

Tether Unleashes $1 Billion In New USDT As Crypto Market Recovers

In brief
<ul><li>American Bitcoin is reportedly eyeing a Nasdaq debut in September.</li><li>The firm is 80% owned by Bitcoin miner Hut 8.</li><li>American Bitcoin owned 215 Bitcoin in June.</li></ul… [+2229 chars]

Hut 8 CEO Asher Genoot told Reuters that American Bitcoin’s merger with Gryphon Digital mining is nearly complete.

American Bitcoin Eyeing Nasdaq Debut in September: Reuters

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