Meitu Inc. recently released its mid-term performance report for 2023. The data shows that in the first half of this year, Meitu's revenue reached 1.261 billion yuan, a year-on-year increase of 29.83%; the net profit attributable to shareholders reached 228 million yuan, turning losses into gains compared to the same period last year, and exceeding the previously forecasted range of 220 million yuan to 265 million yuan.

According to a report by Arkham Intelligence, Grayscale has amassed approximately $5 billion worth of Ethereum, making it the second-largest Ethereum entity in the world. Grayscale's Ethereum Trust Fund is one of the top-rated crypto funds in the industry.

Bitcoin's price has fallen by 4.4% to $26,050, erasing the gains made earlier this week. The cryptocurrency's market capitalization remains above $507 billion, but its decline has also caused a 3% dip in the total market value to $1.09 trillion.

A trader named Credible Crypto is reaffirming his optimistic prediction for Bitcoin, stating that the cryptocurrency will reach a new all-time high before the end of 2023. He believes that Bitcoin could rise by approximately 157% from its current level before the year is over. However, if Bitcoin continues to trade within a narrow range for the next two months, Credible Crypto admits that his bullish forecast may be in question. Despite this, he remains confident that Bitcoin will exceed its previous all-time high and rally to over $100,000.

Bitcoin investors should brace themselves for a potentially bumpy ride in September, as historical data shows that the month has often resulted in negative returns for the cryptocurrency. Crypto analyst Will Clemente also noted that September has had the least number of positive-returning months and is on a six-year negative-returning streak.

Bitcoin has lost almost all of the gains it made after Grayscale Investment's court victory against the US Securities regulator, with its price falling nearly 5% in the last 24 hours. The SEC's recent delay to seven pending spot Bitcoin ETF applications has caused the decline, despite some analysts predicting the delays.

September 1st, according to OKX market data, Bitcoin fell below $26,000 early this morning, dropping to as low as $25,655.20, wiping out all of the gains from the Grayscale lawsuit. It is currently trading at $25,965.90, with a 24-hour drop of 3.55%.

Bitcoin briefly fell below $26,000 and is now trading at $26,154 with a 24-hour drop of 3.89%. This has erased all the gains since Grayscale's victory in court.

Trust Machines is a web3 company that builds a Bitcoin application ecosystem. After acquiring Hiro Wallet and rebranding, the company announced the launch of its flagship wallet, Leather. Although the wallet already supports Stacks L2 functionality and Bitcoin Ordinals, the company stated that the improved product aims to establish a bridge between the Bitcoin network and emerging Layer 2 solutions. The statement said that the wallet is self-hosted, open-source, and audited, allowing users to protect and manage Bitcoin, Stacks L2, and other secure Bitcoin assets such as BRC-20. It also supports the deposit, viewing, creation, trading, and transfer of Ordinals, Stacks NFT, and Bitcoin Stamp.

Following Grayscale's victory over the US SEC on Tuesday, Bitcoin's price quickly recovered and surged past $27,500. However, it has since undergone a partial retracement and is currently trading at $27,240. On-chain data shows sustained trading volumes, with a significant resurgence of trader attention on Bitcoin. Large holders in the cryptocurrency space may have had insights about the Grayscale and SEC legal case's result, as wallets holding 10,000 to 10,000 Bitcoin collectively acquired around $388.3 million worth of BTC.