75201
• Chart • News • Fundamentals • Anything on #Crypto and on its adoption🌎 VIP & Advertising @Jeffross
💰 Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelity’s FBTC followed, gathering $64 million, while Grayscale’s Mini Bitcoin Trust absorbed $50.83 million.
Source
/channel/Bitcoin_Crypto_Signals
💰 Solana memecoin market cap suffers double-digit drop
Memecoins on the Solana network have been at the forefront of driving trading activity on the blockchain and have driven some of the most volatile cryptocurrency price action since the beginning of the year. Therefore, on a day when broader macroeconomic conditions produced volatility levels not seen since the market panic at the onset of the COVID-19 pandemic, the Solana memecoin ecosystem experienced pronounced levels of volatility.
Source
/channel/Bitcoin_Crypto_Signals
🟠 Binance plans to hire 1,000 as it ramps up compliance: Bloomberg
Richard Teng, chief executive of Binance, said the company intends to expand its workforce by 1,000 employees by the end of 2024, Bloomberg reported Wednesday. A large portion of the company’s new hires is slated for expanding its compliance team to 700 members from the current 500. The world’s largest crypto exchange is expected to spend over $200 million this year on regulatory compliance alone, including efforts in the U.S. following the plea deal with the Justice Department and other agencies, according to the report.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Grayscale outflows overshadow Ethereum ETF inflows
Despite initial enthusiasm, spot Ethereum ETFs haven't quite met market expectations, with significant outflows overshadowing positive inflows. The on-chain holdings of Ethereum ETFs are substantial, yet they've faced a net outflow of 136,700 ETH since their launch, a drag largely due to Grayscale's ETHE. Ethereum's price has reacted predictably, dropping sharply post-launch before finding some stability.
Source
/channel/Bitcoin_Crypto_Signals
💰 Metaplanet bolsters Bitcoin holdings with additional 57 BTC
Tokyo-listed Metaplanet said it increased its Bitcoin holdings with the additional purchase of 57.273 BTC for ¥500 million (around $3.4 million), according to an Aug. 20 statement. The Bitcoin investment firm stated that the latest purchase completes its Aug. 8 announcement to acquire ¥1 billion worth of the flagship digital asset through a loan sourced from MMXX Ventures Limited.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitwise acquires physical bitcoin ETP issuer ETC Group amidst European expansion
The digital asset manager Bitwise has acquired ETC Group, an issuer of cryptocurrency exchange-traded products (ETPs) based in London. The move brings Bitwise's total assets under management to over $4.5 billion, adds nine European-listed digital asset ETPs into Bitwise's product offerings and bolsters Bitwise's expansion into Europe.
Source
/channel/Bitcoin_Crypto_Signals
💰 75% of all Bitcoin has been hodled for over 6 months
Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.
🤝 @Cryptocurrency_Inside ✅
JUST IN: 💰 Financial Post says that institutional demand is continuing to grow for spot #Bitcoin ETFs 🚀
🤝 @Cryptocurrency_Inside ✅
🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.
He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season.
What’s your prediction for Solana’s price?
🌚 - $180
❤️ - $250
⚡️ - $350
🐳 - $500
🤝 @Cryptocurrency_Inside ✅
💰 Bitwise CIO says market is ‘not bullish enough’ amid rising political endorsements
Bitwise CIO Matt Hougan believes the market is “not bullish enough” about Bitcoin, and investors need to rethink the flagship crypto’s potential upside after what happened at the Bitcoin2024 conference. Hougan’s reflections on the 2024 Bitcoin Conference in Nashville suggest a dramatic shift in what’s possible for Bitcoin compared to even two years ago. He attributed the shift in sentiment to the significant political endorsements Bitcoin received at the event.
Source
/channel/Bitcoin_Crypto_Signals
💰 Over 35k BTC added to exchange balances in 2 weeks
Between July 15 and July 28, the total amount of BTC held on exchange addresses increased significantly, with over 35,000 new BTC added to exchange balances. Data from Glassnode showed exchange balances starting at 3,000,466 BTC in July and peaking at 3,046,600 BTC on July 17 before settling at 3,035,711 on July 28. This represents a significant increase, especially given the general trend of decreasing exchange balances in the past year.
Source
/channel/Bitcoin_Crypto_Signals
🇺🇸 Sen. Cynthia Lummis announces bill for US Treasury to buy 1 million bitcoin worth $68 billion: Bitcoin 2024
Senator Cynthia Lummis, of Wyoming, will introduce a bill to direct the U.S. Treasury to purchase 1 million bitcoins — worth about $68 billion at current prices — over a period of five years next week, she said in an interview with The Block. The move is made to counter the effects of dollar debasement, she said. “Bitcoin is a great store of value. Over the last four years or so it has increased about 55% per year. During the same period, the U.S. dollar has declined in value and we’ve seen increasing inflation,” Sen Lummis said.
Source
/channel/Bitcoin_Crypto_Signals
💰 ETF issuer Jan VanEck has ‘way over 30% of his portfolio in Bitcoin’
On stage at the Bitcoin Conference 2024 today, Jan van Eck announced that way over 30% of his portfolio is in Bitcoin. Van Eck, CEO of the investment management firm VanEck, frequently compares Bitcoin to gold, viewing it as “digital gold” and a potential store of value. In an environment where global monetary stimulus erodes purchasing power, van Eck suggests that Bitcoin could outperform traditional currencies. Furthermore, he emphasizes Bitcoin’s role as an uncorrelated asset in investment portfolios, offering diversification benefits.
Source
/channel/Bitcoin_Crypto_Signals
💰 VanEck predicts Bitcoin could hit $2.9 million by 2050 in ‘base case scenario’
VanEck outlined an ambitious scenario in which Bitcoin (BTC) could reach a staggering $2.9 million per coin by 2050 under a “base case scenario” in its latest research report. According to the report — authored by the firm’s head of digital assets, Matthew Sigel, and senior investment analyst Patrick Bush — the projected valuation hinges on Bitcoin’s adoption as a global medium of exchange and a reserve asset, which could potentially revolutionize the international financial system.
Source
/channel/Bitcoin_Crypto_Signals
💰 Swan to cancel public listing and shutter Bitcoin mining unit following layoffs
Swan Bitcoin, the California-based, bitcoin-only investment platform, is rolling back its mining business revealed earlier this year, and canceling plans to go public, CEO Cory Klippsten announced on X. “Swan is unlikely to continue with our Managed Mining business in the near term. Without the expectation of significant near-term revenue from our Managed Mining unit, we are pulling our plans to IPO in the near future,” Klippsten said.
Source
/channel/Bitcoin_Crypto_Signals
💰 JPMorgan lowers bitcoin mining stock targets amid price drop and rising hashrate
JPMorgan has downgraded price targets for bitcoin miners to reflect second-quarter results and other company-specific announcements, such as fleet efficiency improvements and hashrate targets. The decline in price targets is primarily due to a drop in bitcoin prices since the last model update, reducing the spot bitcoin price assumption from $68,000 to $60,000, according to an analyst report from the investment bank released Friday.
Source
/channel/Bitcoin_Crypto_Signals
🔴 Grayscale unveils investment trust for Avalanche’s AVAX token
Grayscale Investments has expanded its portfolio of crypto investment products and launched the Grayscale Avalanche Trust. This new investment vehicle aims to offer accredited investors exposure to AVAX, the native token of Avalanche's blockchain network. The trust, now open for daily subscriptions, operates similarly to Grayscale’s existing single-asset investment products, focusing exclusively on AVAX, the firm said in a press release shared with The Block.
Source
/channel/Bitcoin_Crypto_Signals
❄️ TON Blockchain Sees 7x Surge in Active Addresses Since July 2021
The TON blockchain recorded yet another milestone as the number of active addresses on the project’s Masterchain has surged to an all-time high of 946 daily. While 946 active addresses might initially seem modest, it’s crucial to understand that the TON architecture is designed with multiple “workchains” that handle the bulk of data, leaving the Masterchain primarily responsible for message routing and transaction coordination.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin ETFs see 14% growth in institutional interest during Q2 despite downturn
Bitwise CIO Matt Hougan highlighted a notable increase in institutional investments in Bitcoin exchange-traded funds (ETFs) during the second quarter despite BTC value declining 12% over the three months. According to him, the number of institutional investors holding Bitcoin ETFs grew by 14% quarter-over-quarter, rising to 1,100 from 965. These investors now control 21.15% of the total assets under management (AUM) in Bitcoin ETFs, up from 18.74%. By the end of Q2, institutional holdings in Bitcoin ETFs totaled $11 billion.
Source
/channel/Bitcoin_Crypto_Signals
📊 Crypto ETPs trading volume plummets 50% as BlackRock surpasses Grayscale
Crypto investment products experienced a lukewarm performance last week, with modest inflows of $30 million, according to CoinShares weekly report. James Butterfill, CoinShares‘ head of research, explained that these numbers were the market’s reaction to recent macroeconomic data that implied the Fed was less likely to cut interest rates by 50 basis points in September.
Source
/channel/Bitcoin_Crypto_Signals
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
🌐 Join the Top Telegram Crypto News Channel: Cryptocurrency ↪ Inside! 🌐
Discover the latest in crypto:
- 📰 Up-to-Date News: Stay informed with the newest updates.
- 🔗 Onchain Analytics: Gain deep insights from blockchain data.
- 📅 Market Updates & Insights: Keep track of important market trends.
👥 Join Our Active Community: Engage with fellow crypto enthusiasts.
🔗 Join now: @Cryptocurrency_Inside
#CryptoCommunity #Blockchain #CryptoNews #MarketInsights 🚀🌐📈🔗📅
💰 Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC
Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to a higher hashrate. Bitfarms mined 254 BTC in July, up from 189 BTC in the previous month. The firm also grew its hashrate to 11.1 EH/s by the end of July from 10.4 EH/s.
Source
/channel/Bitcoin_Crypto_Signals
💰 Goldman Sachs CEO says Bitcoin can potentially serve as store of value akin to gold
Goldman Sachs CEO David Solomon said Bitcoin could “very well” serve as a store of value akin to gold but reiterated his cautious stance toward the flagship crypto. However, he acknowledged its potential store of value case and said the underlying blockchain technology is “super interesting.” He added that the technology itself can help digitize the financial system and “remove a lot of the friction.”
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25.
Source
/channel/Bitcoin_Crypto_Signals
🇺🇸 Donald Trump says, “Tomorrow I’m going to be with the #Bitcoin people” for his plans to attend the conference today
🤝 @Cryptocurrency_Inside ✅
💰 MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC
Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Coinbase files motion to compel the SEC and Chair Gensler to hand over documents related to its case
Coinbase is asking a New York court to order the U.S. Securities and Exchange Commission to hand over documents involving internal discussions made by Chair Gary Gensler. Years before the SEC sued Coinbase, the agency's commissioners and staff met with crypto market stakeholders, including Coinbase, and posted public statements and guidance about crypto regulation, Coinbase said in its motion on Wednesday.
Source
/channel/Bitcoin_Crypto_Signals
💰 XRP price, activity rise as Ripple's CEO says he expects legal resolution 'very soon'
Recent comments from Ripple's CEO have fueled speculation that the company's years-long legal fight with the SEC could be coming to a close, driving the price of the company's token up and fueling increased user activity on the network. While Ripple CEO Brad Garlinghouse declined to comment on whether Ripple was in active settlement talks with the SEC in a recent Bloomberg interview, the executive said he expects resolution of outstanding legal issues "very soon."
Source
/channel/Bitcoin_Crypto_Signals