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Bitcoin undergoes consolidation as capital flows transition towards Ethereum

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Bitcoin undergoes consolidation as capital flows transition towards Ethereum and the broader altcoin sector…

Bitcoin (BTC) remains stable at current levels as investments extend along the risk spectrum to Ethereum and additional altcoins, as stated in news reports lately.

This transition signifies a calculated rotation of institutional liquidity that follows Bitcoin’s peak historical valuation.

Bitcoin experienced a decline of 4.5% from the weekly opening on August 18 to August 22, retreating to local range lows as investors mitigated risk in anticipation of the Federal Reserve’s symposium in Jackson Hole.

The asset peaked at $111,990 amid renewed weaknesses in the flows of U. S. spot exchange-traded funds (ETFs), with Bitcoin ETFs reflecting $1.18 billion in net outflows during the week. BTC also fell below the $110,000 mark, trading at $109,795.71.

Federal Reserve Chairman Jerome Powell’s positive comments at Jackson Hole incited a significant rebound in risk assets, triggering a widespread short squeeze across the cryptocurrency market.

Ether Spearheads Recovery

Ethereum spearheaded the recovery, soaring to a new all-time high of $4,958.70 on August 24, further establishing its position as a liquidity catalyst for institutional markets.

Spot ETH ETFs reported $197 million in outflows on August 18 alone, marking the third-largest daily withdrawal in history. Nevertheless, Ethereum treasury firms absorbed considerable selling pressure, with substantial institutional backing.

Corporate treasuries, intensified accumulation efforts, with on-chain treasury balances surpassing $10 billion. This report highlighted that this rotation illustrates diminished capital inflows into Bitcoin following its historical high of $123,640 earlier this month.

Bitcoin’s realized market capitalization increased at 6% per month during this current trend, contrasting with 13% monthly growth observed during late-2024 surges beyond $100,000, indicating a more cautious investor sentiment.

Macro indicators continue to exhibit support

As can be seen, global liquidity conditions remain favorable, with the collective M2 money supply from major central banks nearing $100 trillion. The structural upward trajectory in global liquidity strengthens the long-term optimistic outlook for digital assets, despite capital allocation becoming increasingly selective.

Solana is seen as going above $200, reaching $212.60 as the overall digital asset class advanced in conjunction with equity markets, reflecting tightening correlations between cryptocurrencies and traditional risk assets.

Meanwhile, network development progresses, exemplified by DBS Bank’s recent issuance of a tokenized note on the Ethereum platform.

Millions Deceived in Downfall of LSSC Cryptocurrency Scheme

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The downfall of a deceptive cryptocurrency initiative operating under the name Lightning Shared Scooter Co. Ltd (LSSC) has left numerous investors in the United States and Canada in distress, with losses amounting to millions of dollars and a fractured trust within immigrant communities.

The orchestrators of this operation, who for years masqueraded as entrepreneurs claiming to expand a Hong Kong scooter-sharing enterprise into North America, notified participants late Friday that no withdrawals would be permitted until March 2027—a statement broadly interpreted as an acknowledgment that investors’ funds have disappeared.

For many victims, the repercussions have been devastating. Some, particularly African immigrants who constituted the scheme’s primary demographic in cities across the U. S. and Canada, lost life savings totaling tens of thousands of dollars. Others incurred substantial debts from banks, colleagues, and relatives, drawn in by promises of guaranteed daily returns. Those who encouraged friends and family to join are now being pressured to repay funds that never materialized, straining relationships and intensifying despair.

At its peak, LSSC promised returns so extraordinary that only the most astute scam deterrents would have questioned them. Participants were informed that an investment of $2,000 would yield $67 daily, while a $5,000 investment could generate $154 each day.

The company purported to categorize investors by tier, offering higher returns for larger investments. Investors who recruited others were designated as “managers” and awarded stipends, while recruitment campaigns were embellished with luncheons, staged raffles, and promotional videos showcasing alleged winners driving away in luxury vehicles. These theatrics, combined with timely payouts to initial investors, fostered a façade of legitimacy and convinced many to invest further.

By mid-2025, the operators initiated an aggressive promotional effort aimed at expanding to “five million members. ” Within weeks, they claimed to have achieved this milestone, announcing that LSSC was on the brink of formalizing its operations in the U. S.

Concurrently, they rolled out special promotions: for $4,000, investors could purchase into “five limited-time scooters” and receive $231 daily indefinitely, with $11,760 supposedly available for withdrawal after just 20 days. Such allure attracted waves of new participants, many of whom were recruited through immigrant organizations and church groups.

As the influx of new funds increased, the organizers shifted their approach. Withdrawals began to slow in June, attributed to “system upgrades. ” Investors were then instructed to remit exorbitant “verification fees” before accessing their accounts—$498 for a $5,000 investment, and as high as $12,000 for deposits of $60,000.

The fraudsters subsequently lowered the fee to a flat $75 in a final attempt to entice holdouts, even distributing falsified videos of purported investors successfully completing the process. The scheme’s central figure, an individual identifying himself as “Francois” who primarily communicated through obscure chat platforms like Bonchat, became the face of these appeals.

Bitwise Indicates Institutions Are Neglecting Crypto’s Primary Advantage

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Institutional investors have historically been conditioned to pursue the illiquidity premium, convinced that committing capital to private equity, credit, or venture capital will yield superior returns.

However, as per Jeff Park, Active Portfolio Manager at Bitwise Asset Management and Chief Investment Officer at ProCap BTC, this paradigm does not adapt well to the cryptocurrency landscape.

Bitwise Suggests Institutions Reevaluate Their Crypto Strategies

Instead, Park champions the concept of liquid alpha, asserting that this quality distinguishes digital assets, and institutions are missing significant opportunities.

Park articulated these insights in a post, referencing the legacy of David Swensen, the esteemed Chief Investment Officer of the Yale Endowment. Swensen is celebrated for popularizing the endowment model, which allocates up to 70% of capital to alternatives.

Swensen’s philosophy reinforced the notion that patient, illiquid investments possess a return premium that justifies prolonged lockup periods. Conversely, Park argues that cryptocurrencies function under a distinct set of principles.

“In the realm of crypto, I contend that the term structure is in backwardation, with investors being overcompensated for investing at the near end of the curve compared to the long end. You receive substantial rewards for assuming liquid risks where the performance evaluations occur daily, eliminating the need for a ten-year wait,” Park elaborated.

He highlighted the efficacy of trading strategies during periods of high volatility. For example, while Bitcoin experienced a 7% decline in early April 2024, Park noted that market-making strategies achieved annualized returns of 70%, with arbitrage yielding 40% returns.

In his perspective, such opportunities challenge the core tenets of illiquidity-based portfolio theory.

However, institutions persist in allocating significant resources to crypto venture capital (VC), mirroring patterns observed in their traditional investment playbooks.

For the Bitwise executive, this oversight neglects the scalability and efficiency of liquid cryptocurrency markets, which exchanged over $2.5 trillion in spot assets, along with $2.5 trillion in Bitcoin futures in May.

“The liquid cryptocurrency market is undeniably more scalable for institutions than the venture market, which inherently must be capacity constrained for alpha generation,” he articulated.

Park even framed cryptocurrency’s volatility as an asset rather than a liability. He pointed out that if the S&P 500 exhibited realized volatility near 70%, expectations for private equity returns would appear drastically different.

In the cryptocurrency space, this volatility unveils short-term opportunities that substantial institutions could leverage without the necessity of a decade-long wait.

Bitwise itself has developed multi-strategy products centered on this thesis, aiming to harness liquid alpha through arbitrage, market-making, and trend-following strategies.

Park proposed that Swensen, who valued nontraditional approaches, might have appreciated the implementation of such strategies within the realm of cryptocurrency.

“Establishing and sustaining a nontraditional investment profile necessitates embracing uncomfortably idiosyncratic portfolios, which often seem outright imprudent to conventional wisdom…Sounds like crypto to me,” Park remarked, quoting Swensen.

Ultimately, Park posits that the next revolutionary figure in institutional investing will be one who recognizes that cryptocurrency’s advantage does not lie in replicating traditional venture or private equity models, but rather in embracing and leveraging its liquidity and volatility.

Garantex’s Downfall: 10 Lessons for the Crypto mongers

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The collapse of Garantex, once a major player in the crypto exchange space, sent shockwaves across the industry. It wasn’t just about one company failing—it was a wake-up call about the risks, weaknesses, and blind spots that still plague the crypto ecosystem.

Here are 10 lessons the crypto world can learn from Garantex’s downfall:


1. Regulatory Arbitrage Doesn’t Last Forever

Operating in loosely regulated jurisdictions may provide short-term growth, but global regulators eventually catch up. Compliance is no longer optional.

2. AML & KYC Are Non-Negotiable

Garantex’s downfall was heavily tied to money laundering concerns. Exchanges that ignore robust AML/KYC processes risk being cut off from the global financial system.

3. Transparency Builds Trust

Opaque operations can fuel growth early, but they ultimately erode credibility. Regular audits, proof-of-reserves, and open reporting are key to long-term survival.

4. High Volume ≠ Stability

Impressive transaction volumes don’t guarantee resilience. Sustainability depends on governance, liquidity, and compliance—not just numbers.

5. Reputation is Everything

Once trust is lost, it’s almost impossible to recover. A single scandal can outweigh years of growth.

6. The Illusion of Immunity

Some exchanges believe they’re “too big” or “too decentralized” to be touched. Garantex proved that no player is beyond reach.

7. Global Sanctions Have Teeth

Crypto prides itself on being borderless—but sanctions are global, and enforcement is getting stronger. Ignoring them is fatal.

8. Users Pay the Price

Every collapse hurts investors and retail users most. Protecting customer funds should always be priority #1.

9. Adapt or Die

The regulatory environment is tightening everywhere. The players that adapt—by embedding compliance, security, and transparency—will survive. Those that resist will fail.

10. The Industry Must Self-Regulate

If exchanges don’t raise standards themselves, governments will impose heavy-handed rules. Proactive self-regulation is the only way to protect innovation.


Final Thought:
Garantex’s downfall isn’t just one exchange’s story—it’s a cautionary tale for the entire crypto industry. The lesson is clear: build responsibly, or risk vanishing overnight. Or fail.

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Contempt for Manchester United and Marcus Rashford

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Contempt for Manchester United and Marcus Rashford following his transfer to Barcelona has been voiced by Simon Jordan. The former Crystal Palace owner criticized both the club and Rashford after the England forward secured his move to the Blaugrana.

Rashford, 27, has signed a loan agreement with Barcelona for the entirety of the season, with the option for the Spanish club to make the transfer permanent for £26 million. He was presented on Wednesday at Camp Nou, where he expressed, “I feel at home here – it’s where dreams come true. ”

His tenure at United under Ruben Amorim has certainly not been a fairy tale, as Rashford was removed from the first-team roster and sent on loan to Aston Villa in the latter half of the previous season. Subsequently, he became part of the club’s ‘Bomb Squad’ this summer, as the Portuguese manager made it clear he did not want him near the first team for the upcoming season.

Now, Jordan has criticized both the team and Rashford for how his tenure at United has deteriorated to the point where facilitating his loan departure without recovering any upfront transfer fee—while saving £12 million in salary—is perceived by some as a favorable outcome.

“We should regret the loss of a remarkable talent,” Jordan commented on talkSPORT when discussing Rashford’s transition. “I don’t believe he ever reached the levels to which he was elevated, but we should mourn the decline of the Manchester United culture that allowed a player to lose his way.”

More…
https://www.mirror.co.uk/sport/football/transfer-news/man-utd-marcus-rashford-barcelona-35608529

Listeriosis concerns arise as person d!es

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Listeriosis concerns arise as individual succumbs after consuming ready meal. An individual has passed away following the consumption of a ready meal amidst a potentially lethal listeriosis outbreak impacting products available at major supermarkets, including Tesco and Aldi in Ireland.

An adult has died days after becoming ill from eating a contaminated ready meal in Ireland, which is not available in the UK. This fatality represents one of several instances of listeriosis — a potentially fatal infection caused by the listeria bacteria. Supermarket executives have hurriedly worked to withdraw at-risk dishes from store shelves in response to escalating public safety apprehensions. A variety of ready meals by Ballymaguire Foods, which distributes products at both Aldi and Tesco in Ireland, have been implicated.

It remains uncertain which ready meal the individual consumed prior to their untimely death. Numerous products from the food company have been included in an extensive list of recalled items.

The Health Service Executive has confirmed that this death is presently under investigation, but additional details cannot be disclosed due to patient confidentiality.

The Food Safety Authority of Ireland stated that it is examining nine cases following an “extensive outbreak. ” A multitude of meals has been recalled, including products from Clean Cut, Good Food, Signature Taste, SuperValu, and Tesco Meals.

Gaza: Nearly 100 people killed while seeking aid

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At least 94 Palestinians were fatally injured by Israeli military gunfire throughout Gaza on Sunday while attempting to obtain food assistance, as reported by local health authorities and hospital morgue representatives, marking one of the most lethal days in recent months for those in search of aid. 

The most tragic event occurred in northern Gaza, close to the Israeli border region of Zikim, where a minimum of 81 Palestinians lost their lives while attempting to seize bags of flour for bread from U. N. World Food Programme vehicles entering from Israel. 

The Palestinian Red Crescent noted that Israeli military forces had “targeted non-combatants awaiting humanitarian aid” north of Beit Lahia. The organization indicated that a field hospital it operates in Gaza City had treated 95 individuals with injuries, several of whom were in critical condition. 

In a declaration, the Israel Defense Forces stated that its personnel confronted thousands of Palestinians assembled in northern Gaza and “discharged warning shots to mitigate an immediate threat directed at them. ” 

The Israeli military remarked that it was investigating the incident but that an “initial assessment indicates that the reported casualty figures do not correspond with the information possessed by the IDF.” 

Since May, the WFP has been providing food assistance to Gaza through a distinct program separate from the food distribution system supported by the U. S. and Israel. Numerous WFP aid trucks have been looted by armed factions and desperate crowds upon entering Gaza. 

In a statement, the WFP mentioned that its 25-truck convoy had been cleared from checkpoints to access Gaza on Sunday morning when it encountered large assemblies of “hungry civilians” and subsequently came under gunfire. 

“WFP emphasizes that any violence involving civilians pursuing humanitarian aid is wholly intolerable,” stated the organization. “We persist in urging for the safeguarding of all civilians and aid personnel delivering vital assistance. ” 

Sunday emerged as one of the most fatal days Gaza health officials have documented in recent months for Palestinians seeking aid amidst severe food shortages and pervasive hunger.

Coca-Cola under fire after undercover investigation

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An undercover inquiry uncovered violations of animal welfare at Woodcrest Dairy, which the report indicated was, at least at one point, a supplier to Coca-Cola’s Fairlife milk brand. 

As reported by World Animal News, the Animal Recovery Mission (ARM) documented numerous instances of animal abuse at the Woodcrest facility in New Mexico between December 2024 and March 2025. 

Employees were recorded forcibly extracting unborn calves from cows not yet in labor utilizing chains. Newborn calves were left to endure suffering and die from blunt force trauma and neglect. 

Investigators also captured footage of pregnant and ailing cows being whipped, punched, kicked, and battered with metal implements, including shovels, wrenches, and pipes. The maltreatment was perpetrated by various personnel, including proprietors, managers, and ranch workers. 

In a statement to The Cool Down, a Coca-Cola representative mentioned that the company has not procured milk from Woodcrest since 2023 and that it was never a principal supplier, clarifying that the company ceased sourcing milk from other farms following previous investigations by ARM. 

“Fairlife is dedicated to ensuring robust animal welfare at supplying farms and maintains a zero-tolerance policy towards animal abuse,” the spokesperson stated. “Woodcrest Dairy in New Mexico is not a supplier to Fairlife, and upon becoming aware of the incident in Arizona in February, Fairlife stopped accepting milk from those farms and has not received milk from them since. As a milk processor, Fairlife does not own farms or cows and mandates that all farms supplying milk for Fairlife products adhere to rigorous animal care standards and comply with regular third-party audits. ” 

This represents the ninth instance in which ARM has identified abuse at a Fairlife supplier, despite the company’s public assertions regarding sourcing from farms with high animal care standards. Upon learning of these findings, Fairlife has severed ties with Select Milk Producers and discreetly removed animal welfare marketing claims from its website. 

ARM founder Richard Couto remarked, “Fairlife milk is now a recurrent offender, and Coca-Cola will be perpetually recognized as the global corporate leader in animal cruelty. ” 

The recurring incidents of animal abuse across various Fairlife suppliers indicate systemic issues within Coca-Cola’s oversight of its dairy supply chain. This significantly impacts communities due to consumer deception, as many individuals select Fairlife products based on assurances of ethical treatment. 

In February 2025, ARM disclosed two additional investigations from Arizona dairies that are also part of Fairlife’s supply chain, where cows were stabbed, beaten, shot, and electrocuted. Numerous calves were confined in illegal veal crates and left to suffer. 

Legal repercussions are accumulating. In 2019, Fairlife agreed to a $21 million class action settlement for false advertising related to its animal welfare assertions after similar abuses were revealed at Indiana dairies. In June 2025, a new class action lawsuit was revised to encompass both the Arizona and New Mexico incidents. 

Coca-Cola has made substantial strides in other realms, such as water conservation and commitments to reduce plastic waste through its World Without Waste initiative. Nevertheless, these animal welfare concerns contradict the company’s public assertions regarding responsible sourcing.

Pilot makes ‘aggressive maneuver’ to avoid B-52 collision

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A Delta regional jet approaching Minot, North Dakota, executed an “aggressive maneuver” to evade a potential mid-air collision with a B-52 bomber, as reported by the Delta pilot.

The occurrence transpired on July 18, as stated by the airline. The flight, managed by SkyWest, had taken off from Minneapolis. Upon landing, the pilot expressed regret to passengers for the sudden action and clarified the circumstances.

The pilot of a Delta Connection flight operating an Embraer E175LR aircraft, similar to the one depicted here, was compelled to perform an “aggressive” maneuver on July 19, 2025, to avert a mid-air collision with an Air Force B-22 bomber. (Getty) Kevin Carter/Getty Images

“Considering their velocity. . . I cannot ascertain how swiftly they were traveling, but they were significantly faster than us, I determined it was the most secure choice to turn behind it,” the pilot remarked, according to a recorded conversation. “I sincerely apologize for the aggressive maneuver; it took me by surprise, this is not standard practice at all. I am unsure why we did not receive a warning, as the Air Force base is equipped with radar. . . in short, it was not an enjoyable experience, but I do apologize for it and appreciate your understanding. It was not an enjoyable day at work. ”

It remains unclear how close the two aircraft were to one another or if a cockpit alert was triggered to notify the pilots of a potential collision. Minot hosts an Air Force base that operates B-52 bombers.

“We are aware of the recent reports concerning commercial and Air Force aircraft operating in the airspace surrounding Minot International Airport. We are currently investigating the situation. We can confirm that a B-52 aircraft assigned to Minot AFB conducted a flyover of the North Dakota State Fair Friday evening,” an Air Force spokesperson communicated to ABC News on Sunday evening. MORE: Air India captain may have shut off fuel ahead of deadly crash, WSJ reports

SkyWest indicated that it is looking into the incident.

“SkyWest flight 3788, operating as Delta Connection from Minneapolis, Minnesota to Minot, North Dakota, landed safely in Minot after being authorized for approach by the tower but executed a go-around when another aircraft appeared in their flight path. We are investigating the event,” noted a spokesperson.

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