Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June
Spot Bitcoin ETFs in the U.S. acquired the equivalent of around two months’ worth of the cryptocurrency’s mining supply in the first week of June.
With inflows of approximately $1.83B, the 11 ETFs bought 25,729 BTC in the trading week between June 3 and 7 — around eight times more than the 3,150 new BTC mined over the same time, according to data.
The amount of Bitcoin acquired in the week alone was almost as much as the entire of May, 29,592 BTC, and is the biggest week of buying since mid-March when Bitcoin hit its current all-time high.
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It's listed on the London stock exchange aswell. They should be launching in the US soon then Asia. They also do quarterly burns
Читать полностью…I think meme will be the next make you rich coins again when alt season finally melt faces
Читать полностью…Thanks for that, What is special about it? Can’t open the website for some reason..what unique problems does it solve?
Читать полностью…Always been, with lightening network they are a lot lower also i don’t use btc to send over I usually use an other crypto than swap back , that’s way cheaper, option with reasonable price and good user case that i use are bnb, ltc, Metis, these are my usual go to to swap back, also you can use btc in any network available don’t use btc network if possible, good luck
Читать полностью…Yes. But then I will look at BTC again, how it’s doing.
If BTC drops lower than 64K then alts will be slaughtered again.
Call of the VoYd is RPG-like mobile game with Battle Royale and Roguelite elements. recently launched their native V token. Game On is prolly the first web3 sport fantasy game. they got listed on Kucoin, Mexc and Gate recently.
Читать полностью…#DailyCryptoNews
💼 Top crypto news for Monday, June 10
📌 Ripple partners with National Bank of Georgia to digitize economy.
📌 Fireblocks adds Coinbase International for perpetual futures, spot trading.
📌 Nvidia outperforms Apple by 25x, ahead of 10-to-1 stock split.
📌 Singapore alerts businesses to Bitcoin ransomware risk.
📌 South Korea labels mass-produced NFTs as virtual assets.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
📂 Coinshares: $2bn inflows in first week of June
▪️Digital asset investment products saw inflows totaling $2bn, bringing this recent 5 week run of inflows to $4.3bn. Trading volumes in ETPs rose to $12.8bn for the week, 55% up from the week prior.
▪️Bitcoin was again the primary focus, seeing $1.97bn inflows for the week.
▪️Ethereum saw its best week of inflows since March, totaling $69m, likely in reaction to the surprise SEC decision to allow spot-base ETFs.
BTC L2s shouldn't be ignored this cycle. STX is the most promising among all of them.
Читать полностью…It has huge rewards for building, decentralised sequencing and , only L2 that is fully decentralised and cannot be switched off, by one single entity, only L2 with direct rewards for holders through node operators, you will have 20% ones initial incentives are out, which currently is between 60-80% apy , also one of the dev is Vitalik mum
Читать полностью…It's fully regulated and you are insured for upto $250 million. A good on/off ramp free deposits and withdrawals. Low fees when you stake your XTP and even lower if you use XTP to pay your fees.
Читать полностью…Looking at the chart i think the news is probably priced in and will correct then, will wait and see
Читать полностью…Don’t want to jump in between all that.
So 5$ on Near will correspond to around 64K on BTC.