Shares of Bitcoin Treasury Company Nakamoto (NAKA) Collapse 50% as CEO Says Firm Expects Price Volatility To Increase

The post REX Shares’ Solana staking ETF sees $10M inflows, AUM tops $289M for first time appeared on BitcoinEthereumNews.com. Key Takeaways REX Shares’ Solana staking ETF saw $10 million in inflows in one day. Total inflows over the past three days amount to $23 million. REX Shares’ Solana staking ETF recorded $10 million in inflows yesterday, bringing total additions to $23 million over the past three days. The fund’s assets under management climbed above $289.0 million for the first time. The SSK ETF is the first U.S. exchange-traded fund focused on Solana staking. Source: https://cryptobriefing.com/rex-shares-solana-staking-etf-aum-289m/

Mantle price is on fire again. Earlier today, the token hit a new all-time high of $2.15 before pulling back slightly. At writing, it’s trading around $2.10, up almost 6% in the past day, while trading volume has surged by a massive 85%. That kind of activity usually doesn’t happen without reason. In Mantle’s case,

The post Bitcoin Exchange Balance Drops To Six-Year Low Amid Shortage appeared on BitcoinEthereumNews.com. The amount of Bitcoin held on centralized exchanges plunged to a six-year low as the asset climbed to a new all-time high. Bitcoin notched a new all-time high on Sunday morning, reaching a little over $125,700 on Coinbase, according to Tradingview. Its previous peak was $124,500 on Coinbase on Aug. 14. Bitcoin (BTC) pulled back by 13.5% by Sept. 1 but has recovered strongly over the past week as “Uptober” began.    “Bitcoin hits new all-time high … And most people still don’t even know what Bitcoin is,” commented Nova Dius President Nate Geraci. “If Bitcoin is able to convincingly break $126,500, then chances are price will go a lot higher and quickly,” said analyst Rekt Capital on Saturday, before the latest price peak. BTC prices reach a new peak above $125,000. Source: Tradingview Exchange balances drop to six-year low The total Bitcoin balance on centralized exchanges fell to a six-year low of 2.83 million BTC on Saturday, according to Glassnode. The last time that there were fewer coins stored on exchanges was early June 2019, when the asset was trading around $8,000 in the depths of a bear market. Blockchain analytics platform CryptoQuant has a slightly lower total exchange reserve figure of 2.45 million BTC, which puts it at a seven-year low.  Both platforms show that the BTC exchange balance has dropped sharply over the past couple of weeks. More than 114,000 BTC worth over $14 billion has left exchanges over the past fortnight, according to Glassnode. When Bitcoin moves off centralized exchanges into self-custody, institutional funds, or digital asset treasuries, it suggests holders are planning to keep their coins long-term rather than sell them. Bitcoin sitting on exchanges is considered “available supply” that could be liquidated and hit the market at any moment. BTC balance on exchanges dropped to…