Analysis: Bitcoin Sharpe Ratio Falls to Lowest Level Since March 2023, Market Reversal Imminent

Per official announcements, Binance Wallet’s Meme Rush now supports Pools Trade, Uniswap’s new launchpad on the Robinhood Chain.

Brazilian Bitcoin treasury firm OranjeBTC (B3: OBTC3) has announced the launch of the Digital Yield ETF (DIGY11), a collaboration between OranjeBTC, 3R Investimentos and MarketVector, set to list on Brazil’s B3 stock exchange in early September. DIGY11 will initially invest in preferred shares issued by Strategy via STRC and Strive via SATA, distribute monthly returns to investors in Brazilian reais, and offer daily liquidity plus currency hedging. Under current market conditions, the ETF is projected to deliver an annualized distribution yield of roughly 3% to 5% above the CDI, though this estimate excludes fund unit price volatility and does not constitute a return guarantee. Notably, the ETF does not directly invest in Bitcoin; instead, it holds preferred shares linked to Bitcoin treasury firms, providing Brazilian investors with a local channel to access dollar-denominated returns and exposure to Bitcoin ecosystem assets.

A user encountered an anomaly in their Replace-by-Fee (RBF) script that automatically increases transaction fees, leading to a Bitcoin transaction where they paid 1.60 BTC (valued at ~$102,800) in network fees while sending zero BTC to the recipient. The transaction was included in Bitcoin block 962142 on August 12. On-chain records show the transaction had one single input totaling 160,343,885 satoshis, all of which were paid to miners as fees, with zero output amount. The root cause is that the user’s automated script, which raised RBF fees every second, lacked a reasonable fee cap, causing the fees to gradually eat up the entire input sum. The block was mined by SpiderPool, and this transaction accounted for 88% of the block’s total fees of approximately 1.82 BTC.

JPMorgan Chase raised its price target for Microsoft (MSFT) from $550 to $625, while lowering its price target for Oracle (ORCL) from $210 to $200. (Jinshi)

It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08

According to monitoring by OnchainDataNerd, Maji Big Brother may face increased financial pressure recently, having withdrawn just 1,540 USDC from Binance. Meanwhile, to maintain his long Ethereum (ETH) position, he sold Bored Ape Yacht Club #5715 for 8.3 ETH (≈$15,600) — an NFT he purchased three years ago for 34.17 ETH. His current long ETH position stands at 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.