Mercado Libre Pulls the Plug on Its Ethereum-Based Token

Meta has removed over 6.8 million WhatsApp accounts tied to "pig butchering" scams in Southeast Asia this year, part of efforts to combat crypto theft by organized crime syndicates. The company proactively detects and shuts down accounts linked to scam networks in countries like Cambodia, Myanmar, and Thailand.

Bitcoin ETFs have experienced outflows for four consecutive days, totaling $1.4 billion in losses. Institutional investors are withdrawing funds after recent all-time highs, with sell-offs across U.S. funds tracking Bitcoin's spot price. Meanwhile, Ethereum ETFs saw inflows of $73.3 million on Tuesday, breaking a two-day losing streak.

AI is already integrated into American students' learning routines, with 36% using it in class and at home. Despite benefits like instant feedback, there are concerns about potential negative impacts on critical thinking skills.

The State of Michigan Retirement System has increased its Bitcoin exposure by tripling its shares of the ARK 21Shares Bitcoin ETF to 300,000, valued at $11.4 million in the second quarter. The pension fund, managing $19.3 billion in assets, also holds a significant position in Ethereum-linked investment products.

The Enforcement Directorate in India has seized $4.8 million in assets from a U.S. prisoner who scammed crypto investors through fake Coinbase websites. The agency froze properties and bank accounts connected to the individual, his relatives, and associates.

Bitcoin's recovery in August is showing signs of weakness as on-chain data reveals old whales moving significant amounts of BTC and taker sell volume on futures contracts increasing. Options data also indicates a shift in sentiment, with institutional caution evident in significant outflows from spot Bitcoin ETFs.

A former SEC official's warning about liquid staking potentially causing a crypto collapse has sparked debate on U.S. regulation of staking tokens. The official likened liquid staking to practices that led to Lehman Brothers' downfall, emphasizing the need for oversight in crypto.

A software limitation in Ledger hardware wallets is preventing some Cardano users from participating in the Midnight Foundation’s Glacier Drop due to the handling of message signing for Cardano. Despite the issue, Cardano developers are implementing a workaround to allow affected users to claim tokens.

The cryptocurrency market saw a slight decline of 1.38% to $3.7 trillion, with Ethereum layer-2 tokens leading gains. Mantle's MNT token stood out with an 8% increase today and 25% over the week, driven by its Web3 Ethereum treasury concept.

Galaxy Digital CEO Mike Novogratz revealed that the recent sale of 80,000 Bitcoin for a single client was swiftly absorbed by Bitcoin treasury firms due to high demand. Publicly traded companies like Strategy and Trump Media have been major buyers, contributing to the positive trend in crypto prices.