BTC breaks through the $114500 mark

On chain data shows that a whale address recently transferred all 188.2 WBTCs to Binance after holding them for 4 years. The address initially withdrew WBTC from Binance in April 2021 at a price of $56420, and currently has an average transfer price of $114498, with a profit of approximately $10.93 million. The last transfer occurred 20 minutes ago.

Bill Gross stated that GameStop's recent market performance has gradually deviated from the characteristics of "meme stocks" and its trend is becoming increasingly similar to Bitcoin. At the beginning of this year, when Bitcoin prices fell, GameStop's stock price also fell; Currently, Bitcoin has rebounded above $110000. GameStop first purchased approximately 4710 bitcoins at the end of May this year, with a current value of approximately $537 million.

According to a report by Golden Finance, NLNico has revealed that Union Jack Oil and Reabold Resources plan to use idle natural gas for Bitcoin mining in West Newton through 360 Energy. Union Jack Oil sees this as part of its future Bitcoin reserve strategy. Reabold Resources believes that mining can yield higher investment returns compared to directly purchasing Bitcoin.

On August 7th, British gold mining company ECR Minerals announced that it will adopt a Bitcoin treasury strategy, planning to use up to 50% of its remaining cash and gold production free cash flow to purchase Bitcoin and hold it for the long term.

SentinelLABS, a cybersecurity company, reported that hackers committed fraud by disguising malicious smart contracts as encrypted trading robots and spreading them through YouTube videos. The video guides users to deploy contracts on the Remix Solidity compiler platform and provides website links pointing to malicious code. After the victim deployed the contract, the attacker's wallet was hidden and added, and the user's funds were stolen after recharging. Hackers also manage the comment section to delete negative feedback.