Crypto Whales 🐋

South Korean police have charged 26 Polymarket users for illegal gambling. The country blocked local access to Polymarket last month after its media regulator ruled that the platform offers illegal gambling. 📈Crypto_whales

Sam Bankman-Fried asked the US Supreme Court to overturn his conviction and $11 billion forfeiture. His defense says the court barred evidence that FTX and Alameda had enough assets to repay customers. Bankman-Fried is serving a 25-year sentence. The court has not decided whether to hear the case. 📈Crypto_whales

🔹Ethereum Gas Without ETH On August 27, Ethereum developers moved EIP-8141 (Frame Transactions) to “planned for inclusion” in the Hegotá upgrade, due in 2027. The app or another account could pay gas. A service could accept stablecoins and settle with the network in ETH. Multiple actions could also be bundled, with failed swaps automatically revoking token approvals. Accounts could set custom authorization rules and change control keys without moving assets to a new address. 📈Crypto_whales

💎💎💎💎💎 Bitcoin has held up despite higher oil prices and growing expectations for a September Fed rate hike. It's had its best August since 2017, and the focus is now on Friday's jobs report. 📈Crypto_whales

💰 Bernstein Sees Bitcoin at $150K Bernstein analysts forecast Bitcoin (BTC) will reach $150,000 by mid-2027, and around $300,000 at the next cycle’s peak in 2029. The firm is part of AllianceBernstein, which managed approximately $909 billion at the end of July 2026. Analysts cite demand for scarce assets amid high government debt and the risk of further fiat currency depreciation. 📈Crypto_whales

🇺🇸 THE U.S. STABLECOIN LAW IS FINALLY BECOMING A RULEBOOK The U.S. Treasury has released the first major proposed rules for implementing the GENIUS Act. The proposal begins defining: ➡️ Who qualifies as a stablecoin issuer ➡️ Which regulators have jurisdiction ➡️ How offshore issuers may be treated ➡️ How payment stablecoins should operate under the new framework The industry now gets a 60-day comment period before the rules move toward final form. Passing a crypto law is one thing. Turning it into rules companies can actually build around is another. That process has officially started. 📈Crypto_whales

💰 Bitcoin Miner Revenue Hits 10-Year Low Bitcoin miners' revenue from network transactions has fallen to 0.69% of total earnings, a decade low. Mining one bitcoin costs $78,254 while the price is around $64,100, making mining unprofitable without a price rise. The network's computing power dropped 33% since October last year, from 1.3 ZH/s to 898 EH/s. Many firms now shift their supercomputers to AI tasks. 📈Crypto_whales

🔐 Bybit sues North Korea over $1.5B Lazarus hack Bybit has filed a lawsuit against North Korea and the Lazarus Group following the February 21, 2025 hack that drained approximately $1.5 billion in crypto assets — the largest exchange breach in history. The exchange has secured a preliminary injunction freezing the stolen assets, marking a significant step in its recovery effort. Bybit is pursuing legal action across multiple jurisdictions as part of what it describes as a landmark crypto asset recovery case. 📈Crypto_whales

🔐 Coldcard Losses Near $89M as Bitcoin Slides Under $63K Bitcoin fell below $63,000 despite easing macro pressures, as fresh Coldcard-linked wallet sweeps weighed on sentiment alongside ETF outflows and policy delays. Oil and Treasury yields declined following U.S.-Iran talks, reducing near-term inflation fears — yet neither Bitcoin nor Ether caught a bid. Observed losses tied to Coldcard-linked sweeps reached nearly $89 million, adding a security overhang to already cautious market conditions. 📈Crypto_whales

💸 Trader Turns $16K into Over $1.2M with Meme Coin An anonymous trader bought 293.75 million PIPEDOG tokens for 8.39 ETH (about $16,000), according to Lookonchain. The trader partially took profits later, with the remaining tokens peaking at a value exceeding $1.18 million. The total gain from the trade surpassed $1.2 million, roughly a 77x return. However, the value of the leftover tokens later dropped below $900,000. 📈Crypto_whales