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Spot Bitcoin ETF marked an inflow of $301.04 million yesterday
16.7.2024
As of July 15, 2024, Eastern Time, the net inflow into the Spot Bitcoin ETF was $301.04 million. BlackRock’s IBIT led the trend with a daily inflow of $117.25 million. Its historical net inflow is now $18.38 billion. Grayscale’s historical net outflow stands at $18.64 billion. ArkB, Ark Invest,...
Bitcoin Alert: Mt. Gox Moves 44,527 BTC Worth $3 Billion
16.7.2024
According to on-chain data from Arkham Intelligence, the defunct Japanese crypto exchange Mt. Gox has moved Bitcoin worth $3.07 billion in the last hour. The exchange’s cold wallet (16eAG) moved 47,229 BTC to an unknown address. Mt. Gox Begins Bitcoin Repayments Bitcoin briefly tanked today...
Ether Spot ETFs Could See Up to $5.4B of Net Inflows in First 6 Months: Citi
16.7.2024
Spot ether exchange-traded funds are expected to see 30%-35% of bitcoin ETFs' net inflows, and may disappoint due to a number of other factors such as the lack of staking, the report said
Bitcoin price sheds 3% as $6B leaves Mt. Gox cold wallet
16.7.2024
Mt. Gox appears to be shifting funds from cold storage in preparation for distribution to creditors, with nearly 100,000 BTC in outflows on July 16
Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit
16.7.2024
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister...
Mt. Gox moves $3B in BTC to unknown address
16.7.2024
Mt. Gox's cold wallet transfers 47,229 BTC worth $3 billion to an unknown address, marking significant activity after a two-week lull
Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury
16.7.2024
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin...
Bitcoin Dips Below $63K As Mt. Gox Moves $2.8B BTC to Internal Wallets
16.7.2024
One observer said the movement of coins was likely a part of the exchange's creditor reimbursement plan
Ether Hedging Activity Picks Up as U.S. ETF Debut Nears
16.7.2024
Investors' focus on ether is evident from ETH's sustained volatility premium over BTC
Tech Billionaire Michael Dell Calls Bitcoin Fascinating
16.7.2024
Michael Dell, the founder and CEO of Dell Technologies, has expressed his fascination with Bitcoin on social media. Dell, who has a net worth of approximately $108 billion, shared a recent video of Blackrock CEO Larry Fink discussing bitcoin on CNBC. This move is significant as Dell’s endorsement...
Bitcoin indicators flash ‘greed and FOMO’ as ETF inflows top $300M
16.7.2024
Key Bitcoin sentiment indicators have quickly flipped into “greed” territory amid a sharp uptick in the crypto market and strengthening Bitcoin ETF inflows
Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice
16.7.2024
John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017...
Mining Company CEO Claims Silver Deficit Is Growing, Institutions Might Drive Prices Higher
16.7.2024
Keith Neumeyer, CEO of First Majestic Silver, a Canada-based mining company, discussed the silver production deficit in today’s precious metals markets. Neumeyer stated that while retail investors are interested in silver, institutions have to enter the market, supporting the activity...
Metaplanet buys another $1.2M of Bitcoin amid rebound toward $65K
16.7.2024
Metaplanet’s share price spiked 22% in the first 30-minutes on the Tokyo Stock Exchange following the news on July 16
China’s Economic Influence Noted by Majority in 35 Countries, Pew Survey Shows
16.7.2024
A Pew Research Center survey of 35 countries, published last week, highlights China’s significant economic influence, with perceptions varying by income level. The survey covers Argentina, Australia, Bangladesh, Belgium, Brazil, Canada, Czech Republic, Egypt, France, Germany, Ghana, Greece...
Uganda Presents Purchase Plan to Return to the Gold Standard
16.7.2024
Uganda is aiming to return to the gold standard at some extent with a purchase proposal that seeks to amass more gold to back its fiat currency, the Ugandan shilling. The Central Bank of Uganda will purchase gold from artisanal miners to support their activities and reduce raw gold imports. Uganda...
Resurfaced clip shows Trump’s VP pick slamming Gensler’s approach to crypto
16.7.2024
Donald Trump’s newly announced running mate, JD Vance, once referred to SEC Chair Gary Gensler as “the worst person” to regulate crypto
Santa Monica City Council Unanimously Approves Landmark Bitcoin Initiative
16.7.2024
The Santa Monica City Council has unanimously approved the creation of a Bitcoin Office. Proposed by Vice Mayor Lana Negrete and in partnership with The Proof of Workforce Foundation, the program aims to boost Bitcoin education, economic recovery, and tourism, operating at no cost to the city....
Peter Brandt Anticipates Bullish Move for Bitcoin, Says ‘Bears Are Trapped’
16.7.2024
Veteran trader Peter Brandt’s recent bitcoin analysis suggests a bullish momentum, noting that a bear trap is confirmed by the July 13 close. However, this outlook is contingent on bitcoin staying above $56,000. Brandt recently predicted a potential BTC peak at $150,000 by late 2025. Peter...
Blackrock CEO Larry Fink Explains Why Everyone Should Consider Bitcoin in Portfolios
16.7.2024
Larry Fink, the CEO of Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has explained why he shifted from skepticism to advocacy for bitcoin, viewing the cryptocurrency as “digital gold” and a hedge against economic instability....