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Bitcoin has room to fall amid ‘unusual’ open interest: CoinGlass
Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite a decline in Bitcoin’s price.
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🗞 Catch up on the news over the last 24 hours!
🏛 Schumer Vows Pro-Crypto Legislation Under Harris Presidency
📱 USDC Teases Tap-and-Go Payments with NFC by Apple
📈 SEC Sanctions First Leverage MicroStrategy ETF
🔍 Analyst: US Gov't Bitcoin Sale Has No Market Impact
📉 Low Demand Expected for Solana ETFs, Says Sygnum Research Chief
📊 Institutional Holders Maintain or Increase Bitcoin ETF Investments in Q2
🏢 Eric Trump Reveals Upcoming Crypto Venture in Digital Real Estate
🌐 Exploring Web3 Careers or Hiring?
📉 Milder Fed Rate Cuts Anticipated by Market
👍 FTC to Crack Down on Fake Likes and Followers
📉 Bitcoin’s price fell further on August 15 as the U.S. government transferred 10,000 $BTC, worth $581 million, to Coinbase, heightening market selling pressure.
🇺🇸 Despite positive U.S. inflation data, Bitcoin remains under pressure due to this ongoing sell-off narrative. Analysts suggest that the sale itself isn’t fundamentally impactful, but bearish sentiment has intensified the market reaction.
Will we see a reversal soon?
🐳 - Hopefully!
🌚 - No way!
🧐 Fed rate cuts may not be as aggressive as the market expects, according to portfolio manager Justin Elliot, which could impact Bitcoin's performance.
Despite a recent decline in Bitcoin's price, the crypto industry remains optimistic that potential rate cuts will boost the asset’s value.
🔎 Looking for a Web3 job or scouting top talent?
Join us on Hashing It Out for an in-depth look at the future of Web3 hiring with Pedro Oliveira, co-founder and CEO of Talent Protocol.
Uncover how cutting-edge onchain reputation systems and decentralized platforms are revolutionizing recruitment in the Web3 space.
Don’t miss out—listen now! 🎧
🇺🇸 JUST IN: The Trump Organization president, Eric Trump told The New York Post in an interview on Aug. 14 that they will be announcing a new cryptocurrency initiative in the coming weeks related to digital real estate.
"It's equitable. It's collateral anyone can get access to and do so instantly. I don't know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that."Читать полностью…
Senator Chuck Schumer pledges pro-crypto laws if Harris is president
Chuck Schumer, the majority leader of the United States Senate, says he will make it his goal to introduce pro-crypto legislation by the end of this year if Kamala Harris is elected president.
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⚡ JUST IN: 10,000 BTC from Silk Road, worth $593.5 million, has been transferred to Coinbase Prime.
The receiving wallet, bc1ql, received these funds from a known U.S. Government wallet two weeks ago.
📉 Bitcoin's price suddenly dropped 5%, falling below $59,000 despite lower-than-expected CPI data that was expected to boost markets.
Traders are now eyeing potential further declines, with some predicting a drop to $55,000 before considering new long positions.
🚨 JUST IN: July CPI inflation drops to 2.9% YoY, below expectations of 3.0%.
This is the first time inflation has fallen below 3.0% since March 2021, and the first rate cut since 2020 is expected next month.
Do you think this is a bullish sign? 🔥
👍 - YES
👎 - NO
📈 A surge in stablecoin issuance, with over $2.5 billion minted by Tether and Circle recently, could trigger the next Bitcoin rally, according to 10x Research.
If this trend continues, it might provide the necessary momentum for Bitcoin to break above key resistance levels.
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.
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📈 Analysts forecast $300 to $1,000 $SOL, but network data suggests that a rally to $190 is a more realistic expectation.
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Bitcoin is now the 6th top monetary asset in the world.
⚡️ - BULLISH
🕵️ Who’s behind the $154M Ethereum dumping spree?
In this episode of Rise’n’Crypto, we investigate the mystery surrounding a whale that received 1 million $ETH during the ICO and has been offloading it quickly.
With a recent $13.2M deposit to OKX and speculation flying about their identity, we’ll unpack what this means for the market.
Listen now! 🎧
IMF execs float raising crypto mining electricity prices by 85%
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives.
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🌚 Solana ETFs are expected to see limited demand among U.S. investors, according to Sygnum's head of investment research, Katalin Tischhauser.
The low uptake of Grayscale's Solana Trust (GSOL) and its small assets under management suggest that Solana investment vehicles will not significantly impact the market.
🔍 New FTC rules are targeting fake likes and followers. Curious about how these changes might affect you?
Learn what you need to know to stay compliant and avoid potential pitfalls.
Listen to the latest episode now! 🎧
🚨 BREAKING: SEC approves the first leverage long MicroStrategy ETF.
Читать полностью…
📲 Circle is set to introduce tap-and-go USDC payments on iPhones, following Apple's decision to open up its NFC chip to third-party developers.
CEO Jeremy Allaire announced:
Tap to pay using USDC on iPhones incoming soon
Two-thirds of institutional Bitcoin ETF holders held or bought more in Q2
44% of asset managers increased their Bitcoin ETF holdings, while 22% held their position, which was a “pretty good result,” according to Bitwise’s investment chief.
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🗞 Missed the news? Here's what's happened over the last 24 hours!
🚀 US Bitcoin ETFs may soon surpass Satoshi's BTC holdings
🔄 Coinbase hints at 'cbBTC' following BitGo Wrapped Bitcoin debate
📈 Stablecoin issuance might drive the next Bitcoin rally, says 10x Research
📉 Bitcoin's price drops 5% after rejecting lower-than-expected CPI data
🏛 US government transfers 10,000 Bitcoin from the Silk Road stash
💼 Goldman Sachs holds a $419 million stake in Bitcoin ETFs
📉 July CPI inflation falls to 2.9% YoY, below the 3.0% forecast
💳 MetaMask and Mastercard launch a self-custody debit card pilot
🎙 Is Bitcoin's $60K surge just the beginning of a larger rally?
🤝 MetaMask and Mastercard team up!
MetaMask announced they're launching a debit card that allows users to make payments directly from a self-custody wallet.
🔥 Is Bitcoin’s $60K surge just the beginning?
Find out on the latest episode of Rise’n’Crypto! We’re breaking down bold predictions for 2024, why 45% of holders haven’t touched their $BTC in over six months, and the buzz around Coinbase possibly launching its own wrapped Bitcoin token.
🎧 Don’t miss out
⚡️ JUST IN: Goldman Sachs reveals a $419 million stake in Bitcoin ETFs per their latest 13F filing.
Читать полностью…
Coinbase teases 'cbBTC’ days after BitGo Wrapped Bitcoin controversy
Speculators think the post refers to Coinbase’s own wrapped Bitcoin product, which will potentially be launched on its layer-2 network Base.
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🗞 Missed the news? Here's what's happened over the last 24 hours!
🌚 Investors flock to ETH products over BTC as markets recover: CoinShares
🧐 Grayscale ETH ETF stems bleeding as activity spikes on Ethereum
🇨🇦 The Canadian crypto exchange ezBtc and its founder, David Smillie, misappropriated around $9.5 million in customer funds for personal use and gambling, according to the British Columbia Securities Commission.
🇺🇸 Marathon Digital is stamping "Made in USA" on all Bitcoin blocks mined by its U.S.-based MARA Pool.
🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.
🕵️ Who’s behind the $154M Ethereum dumping spree?
💎 Binance has announced the launch of Toncoin (TON) on its Launchpool
⚡️ Bitcoin back to $61K.
📈 Analysts forecast $300 to $1,000 $SOL, but network data suggests that a rally to $190 is a more realistic expectation.
💎 Binance has announced the launch of Toncoin (TON) on its Launchpool, allowing users to stake BNB and FDUSD to farm TON tokens over a 20-day period starting August 15, 2024.
Читать полностью…
🗣️ 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