According to Lookonchain monitoring, a whale address purchased 486 billion PEPE coins (approximately $60.4 million) from Wintermute Trading 8 hours ago. In the past 3 days, the address has purchased a total of 1.29 trillion PEPE coins (approximately $161 million).

Bitget will hold the EmpowerX Summit in Singapore on September 12th, with the theme of empowering society with cryptocurrency and Web3. At that time, Bitget will collaborate with Hello Labs to present the Web3 project roadshow section. Inspired by the upcoming reality show "Killer Whales," four participating Web3 project teams will introduce their projects to celebrity judges from the show and conduct roadshows.

Ethereum (ETH) has remained stagnant at around $1,850 for several weeks, following Bitcoin's trajectory since the beginning of 2023. Despite this, data shows that the top 10 Ethereum addresses have continued to accumulate the cryptocurrency, now holding 34.6% of the total supply. However, since the Merge event in September 2022, ETH has lacked a major catalyst for price growth.

Aptos Network's cryptocurrency, APT, has risen by approximately 11.6% after announcing its partnership with Microsoft's Azure OpenAI service to explore innovations in asset tokenization, on-chain payments, and central bank digital currencies. The collaboration aims to advance Web3 adoption among banks and financial enterprises. Aptos Assistant, a ChatGPT-powered chatbot, will help users navigate from Web2 to Web3 by offering virtual guidance with the onboarding process.

Coinbase stated in their official blog that 19% of New York residents hold cryptocurrency. Currently, there are 692 blockchain companies and over 800 related company founders in New York. In addition, since the beginning of 2020, more than half (52%) of the Fortune 500 companies have taken measures related to cryptocurrency, blockchain, or Web3.

Parcha AI, a generative artificial intelligence financial technology startup founded by former Coinbase Senior Product Director AJ Asve, has announced the completion of a $5 million seed round of financing. Participating investors include Kindred Ventures, Initialized Capital, angel investor and YC President Garry Tan, Datadog President Amit Agarwal, and Google Vice President of Product Bradley Horowitz. The funds will be used to continue building its products and hiring more employees.

The Twitter account of the cryptocurrency investment company Blockchain Capital was apparently hacked and promoted a false BCAP token free airdrop activity. Blockchain Capital's account posted several posts promising to give away "BCAP" tokens and directed users to a counterfeit website that imitated the VC company's original appearance.

The U.S. Federal Reserve has issued a new supervisory letter stating that state banks within its system must obtain written approval before issuing, holding, or transacting in stablecoins or other dollar tokens used for payments. The Fed is also launching a new supervisory program to oversee banks' activities related to cryptocurrency, blockchain technology, and nonbank partnerships. This program aims to complement the existing supervisory process and strengthen oversight of tech-driven activities. 

Delio, a virtual asset (cryptocurrency) operator currently under investigation by South Korean prosecutors, announced on August 8 through its official news channel that it expects to suspend web hosting services after August 11.According to Delio, "Due to a preservation order issued by the bankruptcy court, any use of various expenses requires prior court approval. We have requested permission from the bankruptcy court to use funds for web hosting, personnel expenses, and other necessary costs for company operations, but approval is still pending."

In an exciting turn of events, the cryptocurrency DODO has experienced a significant increase of 32% today, reaching a price of $0.13 at the time of writing. Simultaneously, DWF Labs, a prominent player in the crypto space, received their vesting tokens valued at a total of 6 million DODO, equivalent to $760,000, seven hours ago.