JUST IN: 🇯🇵 Japanese public company Metaplanet buys another ¥500 million worth of Bitcoin
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💰 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.
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📣 Franklin Templeton files S-1 for new crypto index ETF
Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.
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💰 Goldman Sachs and Morgan Stanley (MS.N), opens new tab purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filings showed on Wednesday.
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ICYMI: 💰 Long-term #Bitcoin holders bought over 184,500 #BTC worth $11.1 billion during the recent dip
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💰 Bitcoin sell off is a "bear trap" and there is "a lot of institutional and retail interest" in #Bitcoin ETFs - Yahoo Finance
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💰 Michael Saylor speaks with Matt Odell on why the US Treasury should HODL Bitcoin
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💰 Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end
Judge P. Kevin Castel of the United States District Court for the Southern District of New York approved a $12.7 billion settlement agreement between FTX, Alameda Research and the Commodity Futures Trading Commission, according to a court filing on Wednesday. Defunct crypto exchange FTX and associated trading firm Alameda Research previously agreed on the settlement figure with the CFTC in July after months of negotiations, pending the consent order approval.
Source
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🇸🇻 IMF explores bitcoin risk management strategies with El Salvador
An International Monetary Fund (IMF) mission to El Salvador has released a statement focused on supporting the country's medium-term growth, including policies for reducing risks associated with bitcoin. "Progress has been made in the negotiations toward a Fund-supported program, focused on policies to strengthen public finances, boost bank reserve buffers, improve governance and transparency, and mitigate the risks from bitcoin," the IMF statement said on Tuesday.
Source
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NEW: 🇦🇺 While others are selling, the Australian #Bitcoin ETF keeps buying the dip
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JUST IN: 💰 The IMF proposed an 85% energy tax hike for #Bitcoin miners, citing a potential 75% rise in energy consumption
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📊 VanEck predicts $325,000 #Bitcoin in the coming bull market 🚀
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JUST IN: 💰 Morgan Stanley reports owning 5.5 million shares in BlackRock spot #Bitcoin ETF as of June 30 in SEC filing
Morgan Stanley is now a top 5 holder of BlackRock's Bitcoin ETF
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NEW: 🇺🇸 Vivek Ramaswamy predicts Kamala Harris will embrace the #Bitcoin and crypto industry
"I think that will be a good thing for the country... It should not be a partisan issue."
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NEW: 🇺🇸 City of Santa Monica, California, launches its website for its official Bitcoin Office 🙌
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🇹🇭 Thailand launches crypto regulatory sandbox to kick-off adoption
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SPEECH: 💰 Alex Gladstein's full speech at Bitcoin 2024 highlights dozens of specific Bitcoin use cases in commerce, freedom, and energy.
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BREAKING: 🇷🇺 Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia
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BREAKING: 💰 Judge orders Ripple to pay $125 million in civil penalties, officially ending the SEC's lawsuit & concluding $XRP is not a security.
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🇺🇸 SEC files motion pushing back against Coinbase’s discovery requests
The US Securities and Exchange Commission (SEC) has firmly opposed Coinbase’s motion to compel additional discovery in their ongoing legal battle. In a memorandum filed on Aug. 5, the SEC contended that the exchange’s discovery requests seek vast amounts of information, much of which is either irrelevant to the core issues of the case or privileged.
Source
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JUST IN: 💰 BlackRock explains how Ethereum is no competition for #Bitcoin
“Bitcoin is trying to be a global monetary alternative as a potential global payments system, ETH really isn’t trying to be that.”
- Robert Mitchnick, BlackRock Head of Digital Assets
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