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
Global cryptocurrency exchange BitMEX pleads guilty to Bank Secrecy Act offense — doj | theblock | tl;dr
Читать полностью…In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ) — link
Читать полностью…German government continues to transfer thousands of bitcoins to exchanges and market makers — link | tl;dr
Читать полностью…Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners — link
Читать полностью…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
Читать полностью…German government transfers $175 million in Bitcoin, including $75 million to crypto exchanges — link | tl;dr
Читать полностью…Yesterday, US spot Bitcoin ETFs report $130 million in net inflows, largest influx in three weeks — link | theblock
Читать полностью…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
German government moves additional $94 million worth of Bitcoin to exchanges — link | tl;dr
Читать полностью…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
Читать полностью…Token distribution protocol ZAP reaches $100 million valuation with latest funding — link | tl;dr
Disclaimer: @unfolded is an investor
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
Читать полностью…President Donald j. Trump to speak at Bitcoin 2024 conference in Nashville on July 27th — link
Читать полностью…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
Читать полностью…Mt Gox creditors may have to wait for up to three months to receive their Bitcoin — link | tl;dr
Читать полностью…South Korean government unveils real-time monitoring for crypto fraud — link | tl;dr
Читать полностью…Robinhood said to be considering listing crypto futures in the US and Europe — link | archive
Читать полностью…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
Circle snags first stablecoin license under EU's new MiCA crypto rules — link | tl;dr
Читать полностью…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