Latest Crypto Market News Today, September 3 – Arkham Crypto Reveals Some of The Wealthiest Investors: ARKM AI Data Shows UAE Royal Group $700M in Bitcoin
Bitcoin is holding steady at nearly $110,000, even with the ongoing market dip and Arkham Crypto’s latest data reveals the UAE’s Royal Group has quietly mined $700 million worth of Bitcoin, making them the sixth-largest sovereign crypto holder.
Unlike others who bought or seized crypto, the UAE Royal Group mined its BTC ▲0.57% using green energy, pointing to a more sustainable approach to building wealth through crypto.
(source, UAE crypto holding – Arkham Crypto)
Apart from the UAE Royal Group’s Bitcoin holding, the demand for Ethereum staking is also surging. There’s growing momentum in crypto in general as real-world assets begin blending traditional finance with decentralized tools.
Arkham owns crypto AI also uncovered big personal holders, like Michael Saylor, who owns over 17,000 BTC himself apart from Strategy. Governments, including the US and Bhutan, are in the game too. These are huge; they show that crypto is no longer a niche as it has become the place where serious money is going.
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Cathie Wood expects Bitcoin to reach $1 million within five years. Along with it, ETH ▼-1.73% was also predicted to hit $8,000 this year due to its deflationary nature. Altcoins and tokenized assets may explode in value, turning small investments into big profits.
Memecoins continue to make waves. PEPE, the likely meme winner this cycle, pumped by 300% in July alone. DOGE and SHIB are still attracting whales. Even new players like BONK, TRUMP, and SPX6900 are making noise, some with AI twists, others by just hypes.
Apart from his memecoin, Trump has also created another drama too. A Trump-backed token, WLFI, dropped after launch, very different from his TRUMP memecoin. There are some FUDs going on the token itself, especially with the ugly bubblemaps that people are complaining. As per Arkham Intelegence, the World Liberty Fi is holding more than $13 Billion in WLFI token.
(source, World Liberty Fi crypto holding – Arkham Crypto)
Arkham also shows that some of the richest Asian investors are now putting about 5% of their portfolios into crypto. Bitcoin’s dominance is easing as Ethereum and others gain ground. The rise of memecoins is giving retails a shot at financial freedom.
With Ethereum gearing up and institutional money flowing in, Q4 could be explosive.
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The post Latest Crypto Market News Today, September 3 – Arkham Crypto Reveals Some of The Wealthiest Investors: ARKM AI Data Shows UAE Royal Group $700M in Bitcoin appeared first on 99Bitcoins.