Cryptocurrency Market Overview: Events and Trends on August 23, 2024

🟣 As of the morning of August 23, 2024, Bitcoin (BTC) gained 0.1%, reaching $61,175, while Ethereum (ETH) rose by 1.2% to $2,670. Bitcoin spot ETFs saw an inflow of $64.91 million, while Ethereum-based products experienced an outflow of $874.6K.

🟣 The price of AVAX increased to $25 following the launch of Grayscale Avalanche Trust. The SunPump platform successfully released 7,352 tokens, surpassing Pump.fun. The WazirX exchange canceled orders after an exploit resulted in a loss of $230 million and temporarily froze trading. Former Binance CEO Changpeng Zhao has been transferred to a rehabilitation center. Coinbase is offering fee-free euro-to-EURC conversions, and TON Society is implementing on-chain ID to boost user engagement. Bitcoin network fees surged to $132 due to an increase in staking activities.