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

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This Friday 8 AM UTC, 60K $BTC are set to expire on Deribit with a notional value of $3.99 billion.

Max pain price $63,000, put/call ratio: 0.62

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Crypto custodian Hex Trust receives in-principle MPI license approval in Singapore — link | tl;dr

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https://fixupx.com/EricBalchunas/status/1815848912185377005

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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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Ethereum max pain price $3,400, $1.73 billion notional value, put/call ratio 0.47

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US spot Ethereum ETFs saw net inflows of $106.7 million on first trading day — link | tl;dr

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DAY ONE for ETH ETFs, who did $1b in total volume, which is 23% of what the spot bitcoin ETFs on their first day.

$ETHA did 25% of $IBIT's volume. The gap between $ETHE and The Newborn Eight is +$625m (a sizable chunk of which *should* convert to inflow) — link

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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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