Cryptocurrency Live News & Updates : Peter Thiel Invests in Ethereum for Wall Street – The Economic Times
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Cryptocurrency News & Live Updates
Synopsis
Billionaire investor Peter Thiel is betting on Ethereum as Wall Street’s go-to platform for real-world assets, with significant investments from his firm, Founders Fund.
In recent developments, billionaire investor Peter Thiel has placed his bets on Ethereum, believing it could become Wall Street’s preferred platform for real-world assets. His firm, Founders Fund, has invested heavily in Ethereum-related projects. Meanwhile, Michael Saylor has highlighted Bitcoin’s current discounted value, suggesting a strategic opportunity for investors. El Salvador has also increased its Bitcoin holdings, now totaling over 6,278 Bitcoins, valued at approximately $719 million. In the Ethereum ecosystem, Vitalik Buterin has proposed measures to maintain the network’s neutrality amid concerns about potential legal risks for U.S. validators. His suggestions include enhancing the public mempool and introducing a new framework called FOCIL, which aims to distribute transaction inclusion power among multiple validators to prevent censorship. Additionally, a significant transaction was noted where an early Bitcoin holder converted 6,000 Bitcoins into Ethereum, reflecting a growing interest in Ethereum’s potential. These developments highlight the dynamic landscape of cryptocurrency investments and the ongoing shifts in asset preferences among major players.
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Bitcoin Holder Swaps 6,000 BTC for Ethereum
An early Bitcoin investor has transferred 6,000 BTC, worth about $689.5 million, to acquire Ethereum, now holding 278,490 ETH valued at approximately $1.28 billion.
Bitcoin Price Drops May Lead to Major Liquidations
Data from Coinglass reveals that if Bitcoin’s price dips below $113,000, long position liquidations could total $1.297 billion, while surpassing $116,000 could trigger $423 million in short position liquidations.
Binance Market Overview: Trends on August 24, 2025
The global cryptocurrency market cap is $3.98T, reflecting a 0.37% decline. Bitcoin (BTC) trades at $114,833, down 0.67%, while Ethereum reaches a new high of $4,870.
Binance Market Overview for August 24, 2025
The global cryptocurrency market cap is $3.99T, with Bitcoin trading at $114,833, down 0.67%. Major cryptocurrencies show mixed performance, while top gainers include BIO, RAD, and HAEDAL, rising by 25%, 17%, and 12%, respectively.
Binance Alpha Launches FreeStyle Classic Airdrop
Binance has announced that Binance Alpha will support FreeStyle Classic (FST), with trading starting on August 24, 2025. Users with 200 Binance Alpha Points can claim an airdrop of 800 FST tokens on a first-come, first-served basis.
U.S. Labor Market Weakness Triggers Fed Rate Changes
Analysts report a significant decline in the U.S. labor market, with job revisions indicating a loss of 258,000 positions. This trend may prompt the Federal Reserve to lower interest rates, although inflation remains a concern, potentially exacerbating wealth inequality.
Bitcoin (BTC) Falls Below 115,000 USDT
As of August 24, 2025, Bitcoin has dipped below 115,000 USDT, currently trading at 114,998.20 USDT, reflecting a 0.77% decrease over the last 24 hours.
Bitcoin (BTC) Falls Below 115,000 USDT
As of August 24, 2025, Bitcoin has dipped below 115,000 USDT, currently trading at 114,998.20 USDT, reflecting a 0.77% decrease over the past 24 hours.
BNB Falls Below 880 USDT Amidst Minor Gains
As of August 24, 2025, BNB has dipped below 880 USDT, currently trading at 879.78 USDT, reflecting a slight increase of 0.19% over the past 24 hours.
Whale’s Ethereum Investment Yields Massive Returns
An on-chain analyst revealed that a whale’s leveraged long position in Ethereum, initially worth $125,000, has generated a floating profit of $4.78 million, holding over 25,000 ETH valued at around $120 million.
Ethereum (ETH) Hits 4,800 USDT with Minor Dip
As of August 24, 2025, Ethereum has surpassed the 4,800 USDT mark, currently trading at 4,806.21 USDT, reflecting a slight decrease of 0.29% over the past 24 hours.