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Latest crypto market insights twitter.com/cryptounfolded | ads.unfolded.io | contact: @nakamotocat

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Kraken has started distributing Mt Gox coins — link

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SEC signs off spot Ethereum ETFs for trading tomorrow — link | tl;dr

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The German Government is now out of Bitcoin — link

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Q3 tends to be the weakest seasonal period in BTC, whereas Q4 tends to be the strongest. BTC will have to endure supply distribution from bankruptcy estates in Q3.

Q4 is prone to offer strength stemming from the U.S. election, halving effects coming into play, cash distributions from the FTX estate, and easing macro conditions — link

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SEC drops Paxos investigation and decides BUSD is not a security — link | tl;dr

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Global cryptocurrency exchange BitMEX pleads guilty to Bank Secrecy Act offense — doj | theblock | tl;dr

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In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ) — link

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German government continues to transfer thousands of bitcoins to exchanges and market makers — link | tl;dr

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Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners — link

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Mt. Gox begins repayments in Bitcoin and Bitcoin Cash — link | tl;dr

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The share of stablecoins vs fiat market share of volume just hit its highest level since 2020. Currently, 84% of crypto trade volume involves stablecoins, while fiat accounts for only 16% — link

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German government transfers $175 million in Bitcoin, including $75 million to crypto exchanges — link | tl;dr

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Yesterday, US spot Bitcoin ETFs report $130 million in net inflows, largest influx in three weeks — link | theblock

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SEC sues Silvergate Bank for securities fraud in Federal Court

Silvergate settles charges with SEC over its crypto dealing, to pay $50M penalty — link | archive | sec

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German government moves additional $94 million worth of Bitcoin to exchanges — link | tl;dr

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Blackrock's IBIT sees daily inflows of over $500M

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Digital asset investment products saw further buying with inflows of $1.35bn last week, bringing the last 3 week run of inflows to $3.2bn — link

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Token distribution protocol ZAP reaches $100 million valuation with latest funding — link | tl;dr

Disclaimer: @unfolded is an investor

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SEC allows some exceptions to crypto accounting rule compliance, opens path for banks and brokerages to avoid reporting their customers’ crypto holdings on their balance sheets — link

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President Donald j. Trump to speak at Bitcoin 2024 conference in Nashville on July 27th — link

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Yesterday, US spot Bitcoin ETFs saw $216 million in net inflows — link

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DigitalX to list Bitcoin ETF on Australia’s main stock market — link

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Digital asset investment products saw inflows totalling $441m, with recent price weakness prompted by Mt Gox and the German government selling pressure likely being seen as a buying opportunity — link

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Mt Gox creditors may have to wait for up to three months to receive their Bitcoin — link | tl;dr

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Mt Gox moves 47,229 Bitcoin worth $2.71 billion — arkham | theblock

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South Korean government unveils real-time monitoring for crypto fraud — link | tl;dr

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Robinhood said to be considering listing crypto futures in the US and Europe — link | archive

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While some similar macro factors may influence both Bitcoin and equities, their correlation remains low, despite a slight increase from zero to 0.26 (90-day rolling).

The US dollar index, likely driven by other macro factors (inflation, interest rate differentials, etc.), has been more important for correlations to BTC than equities — link

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Circle snags first stablecoin license under EU's new MiCA crypto rules — link | tl;dr

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Digital asset investment products saw a third consecutive week of outflows totalling $30m, with last week indicating a significant stemming of the outflows.

In contrast to prior weeks, most providers saw minor inflows, although this was offset by incumbent Grayscale seeing $153m outflows — link

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