all posts Crypto | Bitcoin | Blockchain

💰 Hut 8 expands Bitmain partnership with launch of next-gen ASIC miner, boosting hash rate by 80% Bitcoin miner Hut 8 Corp. announced Thursday the expansion of its partnership with mining rig manufacturer Bitmain Technologies with the launch of the U3S21EXPH, a next-generation ASIC miner. Hut 8 plans to deploy the model in the second quarter of 2025 through a 15 exahash per second hosting agreement leveraging custom data center infrastructure developed in-house. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 BlackRock calls Bitcoin a ‘unique diversifier’ in document sent to clients Asset manager BlackRock sent a 9-page document to its clients on Sept. 18 that portrays Bitcoin (BTC) as a “unique diversifier” for portfolios. The document highlighted the characteristics that make Bitcoin distinct from traditional asset classes on any long-term basis and suggested a “modest allocation.” Source https://t.me/Crypto_Bitcoin_Blockchain

🔥 BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years. 🤝 @Cryptocurrency_Inside ✅

🔵 Circle is launching USDC on Sui, marking its 15th network integration Circle, the issuer of the second-largest stablecoin, plans to launch a dollar-denominated token on the Layer 1 blockchain Sui as early as next week, according to Circle co-founder and CEO Jeremy Allaire on Tuesday. The move was accompanied by a series of announcements for the stablecoin giant, including an integration with MoviePass that will enable users to pay for subscriptions with crypto and news that USDC is live in Brazil and Mexico. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Coinbase reports 'degraded performance' for Polygon transactions shortly after network upgrade Coinbase, the largest U.S. cryptocurrency exchange, has put out a status update alerting users that Polygon transfers may be delayed. “We are aware that some users may be experiencing delayed sends and receives for Polygon (Matic). Buys, Sells, and Fiat withdrawals/deposits are not affected. We are investigating this issue and will provide an update shortly. Rest assured, your funds are safe,” the company’s status page read. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 ETH's underperformance tied to current crypto market structure: Coinbase Apart from declining network activity and token inflation, ether's recent underperformance compared to its peers likely stems from broader market factors following the deleveraging event in early August, according to an analyst at Coinbase. "#Ethereum’s network activity and supply inflation are important factors to consider in its underperformance, but we also think the price action has been driven by the current market structure," Coinbase Global Head of Research David Duong said in a report. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Ethereum’s Buterin vows to support only highly decentralized Layer-2 projects Ethereum co-founder Vitalik Buterin announced a change in how he will discuss Layer 2 (L2) projects starting next year. In a Sept. 12 X post, Buterin said he would only publicly recognize L2s that have reached Stage 1 or higher in their decentralization efforts regardless of his investment. According to him, a network would require 75% consensus from the council to override the proof system, with at least 26% of council members being independent of the rollup. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Cleanspark’s $27.5M expansion to boost Bitcoin mining power by 22% CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million, according to a Sept. 11 statement. The miner stated that these facilities have a combined power capacity of 85 megawatts (MW), which means the deal equates to about $324,000 per MW. Source https://t.me/Crypto_Bitcoin_Blockchain

🇺🇸 Record $4.68 billion fines mark SEC’s toughest year on crypto The US Securities and Exchange Commission (SEC) imposed $4.68 billion in fines against crypto companies in 2024, marking the most aggressive regulatory year in the agency’s history, according to a report by Social Capital Markets. This brings the total fines levied by the regulator since 2013 to $7.42 billion, with 2024 accounting for 63% of the total. The steep rise reflects the SEC’s intensified scrutiny of the crypto sector as it seeks to enforce securities regulations in the growing digital asset market. Source https://t.me/Crypto_Bitcoin_Blockchain

📊 Global crypto investment products record largest weekly outflows since March, totaling $726 million: CoinShares Crypto funds at asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered net outflows totaling $726 million globally last week, according to CoinShares’ latest report. “We believe this negative sentiment was driven by stronger-than-expected macroeconomic data from the previous week, which increased the likelihood of a 25 basis point interest rate cut by the U.S. Federal Reserve,” Butterfill said. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Tether addresses $102 million agricultural investment: land is "crucial asset class" The latest business that caught the eye—and the capital— of Tether, issuer of the world's largest stablecoin and the most valuable company in crypto, has been revealed. Between July 29 and August 16 of this year, Tether's investment division purchased shares worth about $102 million in South America-based agricultural giant Adecoagro SA, which trades on the Nasdaq stock exchange as AGRO, filings show. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Ethereum Underperforms Bitcoin 2 Years After The Merge, According to Cryptoquant Data Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Source https://t.me/Crypto_Bitcoin_Blockchain

🇯🇵 Japan’s three major banks to test cross-border stablecoin transfer platform Japan’s three megabanks — MUFG, SMBC and Mizuho — are set to trial a cross-border stablecoin transfer platform, aiming to offer faster international settlement for enterprises. The pilot test, dubbed “Project Pax,” will leverage the stablecoins issued via Progmat, a blockchain startup backed by these three banks, SBI Holdings and Japan Exchange Group, according to a Thursday press release. Source https://t.me/Crypto_Bitcoin_Blockchain

📊 DeFi and social dApps lead in monthly unique wallets for August – DappRadar DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, according to a DappRadar report. Decentralized exchanges Raydium and Uniswap v2 had 18.8 million and 4.8 million monthly unique active wallets, respectively, in August, granting them the second and fourth most active applications in the blockchain sector in the period. Source https://t.me/Crypto_Bitcoin_Blockchain

🏦 Kamala Harris turns to Coinbase for crypto campaign donations, CFO reveals Coinbase CFO Alesia Haas revealed that Vice President Kamala Harris‘s campaign is using Coinbase Commerce to accept crypto donations, Fortune reported Sept. 4. Haas made the revelation during a conversation with Citigroup‘s director of payments, Peter Christiansen, at the lender’s 2024 Global TMT Conference in New York. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin perpetual futures reflect market pessimism as funding rates stay below neutral: K33 Research The bitcoin perpetual futures market is showing considerable pessimism, with funding rates remaining below neutral for an extended period — similar to the significant price drop the digital asset experienced in November 2022 — according to an analyst. "We’re in the deepest funding rate environment since bitcoin’s 80% drawdown in November 2022," K33 Research analyst Vetle Lunde said. Source https://t.me/Crypto_Bitcoin_Blockchain

🥇 Terraform Labs moves $62.81M in BTC amid final wind-down steps On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62.81 million, to a new address (bc1q5) on Sept. 2. While the firm has yet to comment publicly on the transfer, market analysts note that it aligns with Terraform Labs’ plan to wind down operations following its record settlement with the US Securities and Exchange Commission (SEC). Source https://t.me/Crypto_Bitcoin_Blockchain

💰 SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan The FTX bankruptcy saga is moving along, with creditors now faced with the choice of pursuing claims through either the Bahamas or U.S. processes. Most customers are on track to get their full money back, plus an extra 9% interest for the trouble. For those with smaller claims under $50,000, the process is set to be even quicker, with 98% of customers likely to see their full repayment within 60 days after court approval. As for the bigger distributions, they’re expected to start rolling out in late 2024 or early 2025. Source https://t.me/Crypto_Bitcoin_Blockchain

⬜️ OKX wins Singapore license, former MAS official takes reins as regional CEO Crypto exchange OKX’s Singaporean entity, OKX SG, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and appointed former regulator Gracie Lin as CEO, according to a Sept. 2 announcement. To qualify, companies must be registered in Singapore, maintain a permanent place of business with record-keeping, have a minimum capital base of $250,000, and include at least one director who is a Singaporean resident or citizen. Source https://t.me/Crypto_Bitcoin_Blockchain

🧿 Cardano shifts to decentralized governance as Chang hard fork goes live Cardano, the Layer 1 blockchain founded by Ethereum co-founder Charles Hoskinson, has officially undergone the first stage of its Chang hard fork, becoming the first major blockchain to transition its centralized governance structure to a token-based decentralized governance system. Over the next 90 days, Cardano will undergo a full transformation to a community-led governance model overseen by an interim committee. Source https://t.me/Crypto_Bitcoin_Blockchain

🇸🇻 Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation. Source https://t.me/Crypto_Bitcoin_Blockchain

🇺🇸 Trump’s pro-Bitcoin stance helps secure 12-point lead over Harris, FDU poll finds Former President Donald Trump’s engagement with the crypto community is significantly bolstering his chances to win the 2024 presidential race, according to a Fairleigh Dickinson University (FDU) poll released on Aug. 30. The FDU poll indicated that Trump holds a notable lead among voters who own crypto or related assets, outpacing Vice President Kamala Harris by 12 points in the 2024 US Presidential race. Source https://t.me/Crypto_Bitcoin_Blockchain

🇸🇻 El Salvador’s Bukele says ‘Bitcoin hasn't had the widespread adoption we hoped for' Nayib Bukele, the president of El Salvador who passed the bill to legalize bitcoin as legal tender in the Latin American nation, said the monetary experiment has had mixed results so far. “Bitcoin hasn't had the widespread adoption we hoped for. Many Salvadorans use it. The majority of large businesses in the country have it,” Bukele said in a wide-ranging interview with TIME Magazine when asked if bitcoin monetization has “been a success.” Source https://t.me/Crypto_Bitcoin_Blockchain

🟠 Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that prioritize user privacy and autonomy. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitfarms Takes Control of Its First US Mega-Site to Expand Bitcoin Mining Capacity Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal for bitcoin mining, high-performance computing, and artificial intelligence (AI). Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Memecoin launched by address connected to Ethereum Genesis block rockets to top of Uniswap charts A wallet connected to the Ethereum network’s Genesis block appears to have launched a memecoin, according to blockchain data sites DEX Screener and Etherscan. The token peaked at a market capitalization of over $125 million after launching around 8:15 a.m. ET. The so-called PHIL token is currently trading on the decentralized exchange Uniswap V2, changing hands for about $0.08 — down from a peak price of $0.10 about an hour after launch. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Vitalik Buterin advocates blockchain identity for fairer crypto airdrops Ethereum co-founder Vitalik Buterin sees crypto airdrops as a promising initial use case for blockchain-based identity frameworks. In an Aug. 28 post on X, Buterin outlined the goals of airdrops as distributing tokens to genuine community members, rewarding project contributions, and ensuring fairness. He suggested that projects could leverage ZK-based identity, credential, and attestation frameworks to achieve these aims. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin crashes over 6% to $58k before attempting recovery Bitcoin (BTC) fell over 6% on Aug. 27 to a low of $57,880 before marking a slight recovery. The majority of the losses were recorded in less than an hour after Bitcoin lost the key $61,000 support level and continued sliding until finding a new floor. The wider market echoed the bleeding, with large caps down significantly from the highs reached over the past weekend. Source https://t.me/Crypto_Bitcoin_Blockchain

🇺🇸 US Bitcoin ETFs Surge by $202M While Ethereum ETFs Bleed $13M in Outflows U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Source https://t.me/Crypto_Bitcoin_Blockchain

🇷🇺 Russia Set to Launch Crypto Payment Trials Next Week, Report Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and regulate digital tokens for cross-border transactions under the central bank’s oversight. Source https://t.me/Crypto_Bitcoin_Blockchain

🟠 Binance Prevents $2.4 Billion in Potential Losses from Scams in 2024 Binance announced that it has prevented over $2.4 billion in losses from potential scams and fraudulent activities that could have impacted more than 1.2 million users from January to July 2024 owing to its risk management measures. According to the official press release shared with CryptoPotato, Binance employs an internal risk engine that provides 24/7 real-time monitoring using a combination of artificial intelligence (AI) and manual reviews. Source https://t.me/Crypto_Bitcoin_Blockchain

👑 WazirX says external parties are attempting to prolong its restructuring efforts Indian cryptocurrency exchange WazirX said external parties not invested in the platform may try to prolong its restructuring process for their gains. In a post on X, the exchange said these parties intend to create and maintain “uncertainty” rather than find a resolution. Source https://t.me/Crypto_Bitcoin_Blockchain

❄️ Telegram founder Pavel Durov arrested in France, TON price drops 16% Pavel Durov, the 39-year-old founder and CEO of the encrypted messaging app Telegram, was arrested around 8 PM on Saturday at Le Bourget airport in France. Durov, a French-Russian national, was detained by the Air Transport Gendarmerie (GTA) upon disembarking from his private jet. He was accompanied by a bodyguard and a woman. Source https://t.me/Crypto_Bitcoin_Blockchain

🇮🇳 India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international consensus in shaping its policy. Source https://t.me/Crypto_Bitcoin_Blockchain

🇸🇻 Arkham Intelligence reports that the wallet that is attributed to the El Salvador government, now holds 5,851 Bitcoin, valued at roughly $356.4 million 🔥 @Cryptocurrency_Inside

🏦 Crypto exchange Kraken’s motion to dismiss US SEC case denied U.S. crypto exchange Kraken has failed to dismiss the case against it brought by the Securities and Exchange Commission. “[T]he SEC has plausibly alleged that at least some of the cryptocurrency transactions that Kraken facilitates on its network constitute investment contracts, and therefore securities, and are accordingly subject to securities laws,” U.S. District Judge William H. Orrick wrote in an opinion published Friday in San Francisco federal court. Source https://t.me/Crypto_Bitcoin_Blockchain

🇷🇺 Russia to launch crypto exchanges for global trade in Moscow and St Petersburg Russia is reportedly exploring the establishment of two crypto exchanges to facilitate foreign economic activities, local media outlet Kommersant reported on Aug. 23. Mikhail Uspensky, a member of the State Duma’s legislative committee on crypto regulation, stated that these exchanges will initially be available to a limited number of users. However, they will eventually be made available to major firms, including exporters and importers in the country. Source https://t.me/Crypto_Bitcoin_Blockchain

🇮🇳 India gears up for sweeping crypto regulations with new consultation paper The Indian government is preparing to introduce comprehensive regulations for the crypto sector, local media reported on Aug. 22. Sources familiar with the matter said the first step of the plan is to release a consultation paper in the coming weeks that will invite feedback from stakeholders. The initiative highlights the government’s commitment to establishing a regulatory framework for digital currencies in India. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 US-traded spot Ethereum ETFs amass $2 billion in inflows Spot Ethereum (ETH) exchange-traded funds (ETFs) inflows surpassed $2 billion in nearly four weeks, when excluding Grayscale’s ETHE outflows of nearly $2.5 billion, based on Farside Investors’ data. ETF Store CEO Nate Geraci highlighted that if this cumulative value is considered under one ETF, it would equate to the fourth-largest ETF launch to date. Source https://t.me/Crypto_Bitcoin_Blockchain

JUST IN: 🇩🇪 German authorities seize 13 Bitcoin ATMs and nearly €25 million in cash in a crackdown on operators allegedly violating KYC/AML laws 🤝 @Cryptocurrency_Inside ✅

💰 Brazilian Regulator Grants Approval for Second Solana ETF in the Country The Brazilian Securities and Exchange Commission (CVM) has greenlighted a second Solana exchange-traded fund (ETF) weeks after it approved its first one on August 8. According to the CVM’s central database, the product will be launched by Hashdex, an asset manager based in Brazil, in collaboration with the local investment bank BTG Pactual. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 El Salvador launches Bitcoin training for 80,000 public servants El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin training and certification program for 80,000 public servants. In an Aug. 20 statement, ONBTC confirmed that Bitcoin education is now a vital component of a governance initiative designed for public sector employees. This program is part of the Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in 2021 to elevate governance standards. Source https://t.me/Crypto_Bitcoin_Blockchain

💲 Global liquidity rose to $174.67 trillion, a new all-time high The figure has grown by $1.13 trillion in the past week alone 💡Global liquidity is the total amount of money circulating in the global financial system, including cash, bank deposits, money market mutual funds, and other assets close to money. 🤝 @Cryptocurrency_Inside ✅

💰 Bitcoin ETFs see 14% growth in institutional interest during Q2 despite downturn Bitwise CIO Matt Hougan highlighted a notable increase in institutional investments in Bitcoin exchange-traded funds (ETFs) during the second quarter despite BTC value declining 12% over the three months. According to him, the number of institutional investors holding Bitcoin ETFs grew by 14% quarter-over-quarter, rising to 1,100 from 965. These investors now control 21.15% of the total assets under management (AUM) in Bitcoin ETFs, up from 18.74%. By the end of Q2, institutional holdings in Bitcoin ETFs totaled $11 billion. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 BlackRock’s IBIT boosts Bitcoin ETFs with $92.7 million inflow, total now $20.5 billion Data from Farside shows that Bitcoin ETFs experienced a net inflow of $62.1 million, marking the largest since Aug. 8. The primary contributor to this surge is BlackRock’s IBIT, which alone attracted an impressive $92.7 million, bringing its total net inflow to a staggering $20.48 billion. Fidelity also saw a modest inflow of $3.9 million. However, not all Bitcoin ETFs performed positively—Bitwise’s BITB and Galaxy Invesco’s BTCO were the only issuers to experience outflows, losing $25.7 million and $8.8 million, respectively. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitwise AUM surpasses $4.5 billion, expands to Europe with ETC Group purchase Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe’s largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise’s assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Malaysian authorities arrest seven individuals for power theft linked to bitcoin mining: report Malaysian authorities have arrested seven individuals for allegedly conducting bitcoin mining operations involving electricity theft, according to local media reports. Bernama, the country’s national news agency, reported on Saturday that three local residents and four foreign nationals were arrested and detained separately last week on suspicion of stealing electricity to power their bitcoin mining operations. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 PayPal founder and billionaire Peter Thiel says #Bitcoin is so big that society didn't even know how to process it 🤝 @Cryptocurrency_Inside ✅

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🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000. He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season. What’s your prediction for Solana’s price? 🌚 - $180 ❤️ - $250 ⚡️ - $350 🐳 - $500 🤝 @Cryptocurrency_Inside ✅

💰 Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to a higher hashrate. Bitfarms mined 254 BTC in July, up from 189 BTC in the previous month. The firm also grew its hashrate to 11.1 EH/s by the end of July from 10.4 EH/s. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the US Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, US Senator Cynthia Lummis (R-WY) officially introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate on July 31. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Ethereum turns 9 with a $400B market cap and 2.45B transactions The network, launched on July 30, 2015, was co-founded by several prominent crypto stakeholders, including Vitalik Buterin, Polkadot’s founder Gavin Wood, Consensys CEO Joseph Lubin, and Cardano’s founder Charles Hoskinson. Since then, it has become the second-largest blockchain with a huge ecosystem that has birthed many copy-cats. According to Etherscan, the network has processed 2.45 billion transactions in 20.4 million blocks during its nine-year history. Source https://t.me/Crypto_Bitcoin_Blockchain

🇺🇸 US government-associated crypto wallet transfers $2 billion of DOJ-seized bitcoin: Arkham data A wallet labeled as belonging to the U.S. government transferred $2 billion worth of bitcoin to an unidentified wallet on Monday, according to Arkham Intelligence data. The nearly 28,000 BTC, valued at over $2 billion, appears to be tied to funds the U.S. Department of Justice previously confiscated from the now-defunct dark web market Silk Road. Late last year, a U.S. appeals court finalized a mandate that formalized the forfeiture of 69,370 of bitcoin and other crypto connected to Silk Road. Source https://t.me/Crypto_Bitcoin_Blockchain

🇺🇸 Spot ETF Inflows to Have Weaker Effect on Ether Than Bitcoin – CryptoQuant The first wave of spot Ethereum exchange-traded funds (ETFs) in the United States debuted on July 23, with inflows running above $100 million. While the positive flows signal a strong start for the funds, ether (ETH) may not witness the parabolic uptrend bitcoin (BTC) saw after asset managers launched its ETFs earlier this year. Source https://t.me/Crypto_Bitcoin_Blockchain

🇺🇸 U.S. presidential candidate Robert F. Kennedy Jr. promises to issue Bitcoin-related executive orders if elected U.S. presidential candidate Robert F. Kennedy Jr. promised to issue several Bitcoin related executive orders on his first day in office if elected president. Kennedy, who is running as an independent, said he would direct the U.S. Department of Justice and the U.S. Marshals Sevice to transfer about 200,000 Bitcoin held by the U.S. government to the Department of Treasury to be held as a "strategic asset." Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Marathon Digital’s CEO hints at potential Bitcoin buys through convertible notes Bitcoin miner Marathon Digital CEO Fred Thiel suggested that the firm could raise capital through convertible bonds to purchase more of the flagship digital asset in the future. This follows the firm’s recent purchase of $100 million worth of Bitcoin, raising its total holdings to over 20,000 BTC. This statement aligns with the firm’s promise to make periodic strategic acquisitions of the top crypto and adopt a full HODL strategy. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Jersey City pension fund amends regulatory documents to include Bitcoin ETF exposure Jersey City Mayor Steven Fulop has announced plans to invest a portion of the city’s pension fund in Bitcoin exchange-traded funds (ETFs), highlighting a significant step toward integrating crypto into municipal financial strategies. In a social media post on July 25, Fulop shared that the Jersey City pension fund is updating its documentation with the US Securities and Exchange Commission (SEC) to include Bitcoin ETFs. Jersey City is the second largest city in the state of New Jersey. Source https://t.me/Crypto_Bitcoin_Blockchain

🇷🇺 Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade The Russian State Duma passed a bill legalizing Bitcoin mining and allowing the use of crypto for international trade. The bill, which was first introduced a few years ago, is expected to take effect on Sept. 1, pending final approval from the federation. Based on local reports, the vote tally from the session was conclusive, with 404 votes in favor, representing 89.8% of the total. No members voted against or abstained from voting. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Spot Ethereum ETFs generate over $1 billion in trading volume on first day Seven months after Bitcoin made its big debut on Wall Street, it was Ethereum's time to enter the spotlight. On their first day of trading on U.S. exchanges, ether ETFs generated more than $1.019 billion in cumulative trading volume, according to Yahoo Finance data compiled by The Block Pro Research. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Spot Ethereum ETFs get final sign off to begin trading Tuesday Some spot Ethereum exchange-traded funds have received the go-ahead and can begin trading on Tuesday, following weeks of back-and-forth on edits to registration statements. The U.S. Securities and Exchange Commission allowed registration forms from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck and Invesco Galaxy to go effective as of Monday afternoon. Registration forms for the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust also went effective on Monday. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day for the fund for a week. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Ether price may dip after ETF 'novelty' wears off due to surging supply Ethereum’s price might decline after the initial buzz surrounding spot Ethereum exchange-traded funds (ETF) wears off if its supply continues to increase at the current rate, according to an analyst. “If the supply of ETH keeps increasing by ~60k/month like it has been since April, then by Dec the supply will be back to what it was at the merge,” crypto trader and Into The Cryptoverse founder Benjamin Cowen wrote in a July 19 X post, referring to when the much-anticipated Merge transitioned Ethereum. Source https://t.me/Crypto_Bitcoin_Blockchain

🟠 Binance.US secures court approval to invest $40 million in US Treasury bills A US court has granted Binance US permission to invest certain customer fiat funds, currently held at BitGo, in US Treasury Bills. Earlier this week, the exchange requested court approval to invest about $40 million in $10 million increments over four weeks. On July 19, Judge Amy Berman Jackson approved the exchange to invest its customer fiat funds, provided it maintains enough funds on its platform to meet all expected customer withdrawal requests and updates its terms of use to notify customers accordingly. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin reaches local price bottom amid indicators of upcoming positive momentum: CryptoQuant The price of bitcoin seems to have bottomed out after recovering to a high of almost $66,000 earlier this week, according to CryptoQuant analysts. Thursday's CryptoQuant Weekly report noted that the recent drop in bitcoin's price to a low of around $55,000 last Wednesday resulted in the largest realized losses for the digital asset's holders so far in 2024. Source https://t.me/Crypto_Bitcoin_Blockchain

🇺🇸 Vitalik Buterin warns against supporting politicians solely based on their pro-crypto stance Ethereum creator Vitalik Buterin cautioned the crypto community against supporting politicians solely based on their pro-crypto statements and expressed particular concern over a lack of support for “internationalism.” Buterin made the statements in a July 17 blog post, where he highlighted the “growing push” for members of the crypto space to become more political amid concerns about crypto regulation in the EU and US. Source https://t.me/Crypto_Bitcoin_Blockchain

🇪🇺 Stripe enables Bitcoin, Ether and Solana crypto purchase options in EU: report Financial technology company Stripe has expanded its crypto integration into the European market, enabling shoppers to buy cryptocurrencies, including Bitcoin, Ether and Solana, using a credit or debit card. The decision by Stripe, founded by Ireland-born brothers Patrick and John Collison, is part of a move to make it easier for “normal transactions” to occur using digital assets, the Irish Independent reported on Tuesday. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Spot Ethereum ETFs likely to launch July 23: Sources Spot Ethereum ETFs will likely begin trading on Tuesday, July 23, according to multiple sources. After Bloomberg Senior ETF Analyst Eric Balchunas posted on social media site X naming July 23 as the launch date, sources at two issuers confirmed to The Block the information in Balchunas's post. "Hearing SEC finally gotten back to issuers today, asking them to return final S-1s on Wed (incl fees)," Balchunas posted on X Monday. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Tether taps Chainalysis' former Chief Economist to help communicate with regulators and stakeholders Tether announced the appointment of Philip Gradwell — who previously spent six years at Chainalysis as the blockchain analytics firm’s Chief Economist — as the stablecoin issuer’s Head of Economics. Gradwell's responsibilities will include "quantifying the Tether economy and communicating the ways Tether is used to regulators and stakeholders," according to a press release. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. At the time of writing, 13.44 million ether is locked into liquid staking protocols, with Lido holding 72.3% of that amount. On May 29, Lido had 9.51 million ETH, which has increased to 9.71 million today. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still highly concentrated, with Tether’s USDT at the forefront, its dominance has been eroding over the last two years. In 2024, USDT’s market share on centralized exchanges (CEXs) dropped from 82% to 74% per Kaiko’s estimates. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Marathon Digital Bitcoin Mine Manager Acquitted of Noise Violations In Texas David Fischer, who serves as a plant manager for a Bitcoin mine owned by Marathon Digital, a public Bitcoin mining company, has been acquitted of having responsibility for several noise complaints brought by citizens living nearby. The operation, located in Texas, is one of the least remote mines managed by the company. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin miner Bitfarms sets vote date on Riot's attempted takeover step Bitcoin miner Bitfarms has set Oct. 29, 2024, as the date for a special meeting of its shareholders to vote on reconstituting its board of directors following Riot Platforms’ requisition for the meeting on June 24. Bitfarms shareholders as of the record date of Sept. 26, 2024, are entitled to vote at the meeting, the firm said in a statement on Friday, but are not required to take any action at this time. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin ETFs achieve $15.5 billion in total inflows Farside data shows that Bitcoin Exchange Traded Funds (ETFs) experienced another inflow, marking the fifth consecutive trading day of positive inflows. Bitcoin ETFs saw an inflow of $78.9 million. This trend was observed among the four largest ETF issuers, excluding Grayscale, which reported an outflow. Source https://t.me/Crypto_Bitcoin_Blockchain

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🇺🇸 CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling that reaffirmed the status of the two largest cryptocurrencies as commodities. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Ethereum braces for spot ETF boost as 40% of supply remains locked Approximately 40% of Ethereum supply is locked as the market anticipates the final approval for ETH spot-based exchange-traded funds (ETFs). A breakdown of this “locked supply” shows that over 33 million ETH is staked on the network, representing around 28% of Ethereum’s total supply, according to Dune Analytics data. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin whales are accumulating at their fastest rate since April 2023: CryptoQuant Bitcoin long-term holders are adding to their holdings at the fastest monthly rate since April 2023, according to CryptoQuant analysts. "Bitcoin whales have been increasing their holdings at a monthly growth rate of 6.3%, the fastest pace since April 2023, indicating rising demand for bitcoin," CryptyQuant said. Wednesday's market report from the analytics firm noted that the increase in bitcoin demand from long-term holders is supporting the digital asset's price. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Spot Ethereum ETF Launch Anticipated on July 18, Bloomberg ETF Analyst Bloomberg ETF analyst Eric Balchunas predicted on X that July 18 would be the “best guess” for the spot Ethereum ETF launch. This comes after the Securities Exchange Commission (SEC) issued S-1 amendments, which required companies to amend their registration statements and submit their applications. Source https://t.me/Crypto_Bitcoin_Blockchain

🇩🇪 German receives small CoinJoin deposits amid ‘negligible’ $326 million Bitcoin sales The German government’s Bitcoin wallet received a small amount of Sats from a CoinJoin address amidst its significant selling activity. On-chain data from the crypto analytical platform Arkham Intelligence revealed that the German government wallets received less than $10 in three transactions from CoinJoin addresses today. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price of $58,600 per bitcoin. Source https://t.me/Crypto_Bitcoin_Blockchain

🇩🇪 German government continues to transfer thousands of bitcoins to exchanges and market makers The German government transferred 133.722 bitcoins to market maker Cumberland DRW today before sending 150 coins to crypto exchange Kraken and 1,000 coins to the B2C2 Group, according to blockchain analytics platform Arkham. It also transferred 300 bitcoins to Coinbase and 300 bitcoins to Bitstamp, as well as 1,000 bitcoins to market maker Flow Traders. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Tron to develop gasless stablecoin transfers by Q4 Justin Sun, the founder of Tron, announced on July 6 in a post on X that his team is working on enabling gas-free peer-to-peer (P2P) stablecoin transfers. In a post on X, Sun noted that this would mean that stablecoin “transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.” Sun, however, did not elaborate on how the gasless mechanism would work. Source https://t.me/Crypto_Bitcoin_Blockchain

🚨 Peter Schiff: Bitcoin Bear Market Has Much Further to Go, Ether to Crash to $1,500 Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think a crash down to $1,500 is coming.” Source https://t.me/Crypto_Bitcoin_Blockchain

💰 German Politician Criticizes the Government's Bitcoin Sell-Off Strategy A pro-Bitcoin member of the German Bundestag, Joana Cotar, has publicly criticized the government's decision to sell off its substantial BTC holdings. Cotar's stance comes in the wake of hundreds of millions worth of Bitcoin being transferred from government wallets to exchanges and trading desks, signaling the commencement of a large-scale liquidation process. Source https://t.me/Crypto_Bitcoin_Blockchain

🇩🇪 German MP slams government’s bitcoin sell-offs, urges holding as a strategic reserve Member of the German Bundestag, Joana Cotar, has heavily critcized the government’s decision to “hastily” sell the bitcoin in its possession, urging it to develop a comprehensive bitcoin strategy. “Instead of holding bitcoin as a strategic reserve currency, as is already being debated in the USA, our government is selling on a large scale,” the independent MP and bitcoin advocate wrote on Thursday, according to a translated X post. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin’s bullish cycle questioned as price falls below 200-day moving average Bitcoin price movements are influenced by various technical models that provide insight into market trends and potential future performance. As of July 4, Bitcoin has fallen below the 200-day moving average (DMA), which is currently at $58,373. The last time Bitcoin fell through this level was in August 2023. Since the beginning of 2024, Bitcoin’s price has shown a robust upward trajectory, peaking above $70,000 in March. Source https://t.me/Crypto_Bitcoin_Blockchain

📊 Crypto market sees $295 million in liquidations across exchanges over past 24 hours Bitcoin has been beset by heavy selling pressure in the past 24 hours, causing the digital asset to fall below the $60,000 support level and reaching a recent low of around $57,800. There were over $77 million in bitcoin long liquidations across centralized exchanges in the past 24 hours — out of a total of $92 million in liquidated BTC positions, according to data from Coinglass. The broader cryptocurrency market saw over $295 million in liquidations on centralized exchanges, with around $259 million in long positions. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 Ethereum ETFs could come as soon as next week as Bitwise files amended S-1 early Asset manager Bitwise has filed an amended S-1 form for an Ethereum exchange-traded fund several days ahead of its July 8 deadline, likely indicating the products are nearly ready for launch. Bitwise filed its updated registration form on Wednesday as some analysts say those products could begin listing in the next two weeks. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Lido sees around 100k increase in staked Ethereum amid SEC scrutiny Lido has reported a rise in staked Ethereum on its platform despite the US Securities and Exchange Commission (SEC) classifying its staking programs as securities in its lawsuit against Consensys. A July 2 report showed that Lido users staked an additional 95,616 ETH between June 24 and July 1. This increased the total value of assets staked on the platform by 1.26%, reaching $33.48 billion. Source https://t.me/Crypto_Bitcoin_Blockchain

🟠 Ripple and Coinbase aim to leverage judge's ruling in SEC's Binance case Coinbase and Ripple Labs are looking to leverage their cases with the U.S. Securities and Exchange Commission by citing a recent order that gave Binance a win for how secondary sales of crypto are treated. Over the past few days, Coinbase and Ripple have pointed to a lack of clarity on how crypto is regulated in filings submitted in their respective cases. Source https://t.me/Crypto_Bitcoin_Blockchain

📊 Robinhood looking to list crypto futures in the coming months: Bloomberg Robinhood is reportedly looking to leverage its impending Bitstamp acquisition to expand further into the futures market with crypto contracts. Robinhood Markets wants to launch CME-based Bitcoin and Ether futures in the U.S. and would use Bitstamp's licenses to offer perpetual futures for Bitcoin and other tokens in Europe, Bloomberg reported citing people familiar with the matter. Source https://t.me/Crypto_Bitcoin_Blockchain

🔵 Circle becomes first stablecoin issuer to secure regulatory approval under MiCA Circle announced on July 1 that it has received an e-money license from France, positioning it as the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. The license, issued by France’s financial regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), allows Circle to issue its stablecoins USDC and Euro Coin (EURC) across the EU under the new regulatory framework, effective immediately. Source https://t.me/Crypto_Bitcoin_Blockchain

🇯🇵Sony expands into crypto with the acquisition of Amber Japan Sony Group, a leading conglomerate in Japan, is set to launch a crypto exchange following its acquisition of Amber Japan. This acquisition comes over two years after the Singapore-based Amber Group acquired DeCurret, a regulated Japanese crypto exchange, and rebranded it as Amber Japan. Reports revealed that the exchange faced significant challenges in 2022 due to its exposure to the collapsed FTX exchange, leading to substantial losses. Source https://t.me/Crypto_Bitcoin_Blockchain

🪙 SEC returns S-1 forms to Ethereum ETF issuers, with at least one more round to go: Source The U.S. Securities and Exchange Commission returned the S-1 forms to prospective Ethereum ETF issuers in the latest round of back and forth before they go effective. The forms were handed back with light comments, according to a source at one issuer. The issuers have been asked to address the comments and refile them by July 8. Source https://t.me/Crypto_Bitcoin_Blockchain

⚫️ 21Shares becomes second major firm to apply for a spot Solana ETF this week Asset manager 21Shares has filed for a spot Solana exchange-traded fund (ETF), marking the second such application from a major firm this week. The proposed 21Shares Core Solana ETF is designed to track the performance of Solana (SOL) by aggregating the notional value of SOL trading activity across major spot exchanges, according to the S-1 registration form filed with the US Securities and Exchange Commission (SEC). Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Industry experts challenge Peter Thiel’s reservations about Bitcoin’s future price potential Peter Thiel, former PayPal CEO and co-founder of Founders Fund, recently expressed doubt about Bitcoin’s future price potential, stating it is unlikely to increase “dramatically” from its current levels. However, several industry experts challenge Thiel’s viewpoint, arguing that the flagship crypto still has significant room for growth. Bitcoin was trading at $60,300 as of press time, down almost 2% over the past 24 hours. Source https://t.me/Crypto_Bitcoin_Blockchain

💰 Bitcoin put-call ratio turns pessimistic ahead of Friday's quarterly expiry The put-call ratio for bitcoin option on Deribit leading up to today's expiry has risen to 1.66. A ratio above one means significantly more put options than call options being traded. This indicates that more investors are betting on or hedging against a price decline rather than an increase. Deribit end-of-June options data shows 107,000 bitcoin options are expiring with a max pain point of $61,500 and a notional value of $6.6 billion. As of the time of writing, bitcoin is priced at $61,398, approaching the max-pain point ahead of today's expiry. Source https://t.me/Crypto_Bitcoin_Blockchain

🆘 Crypto losses stemming from hacks, rug pulls up 112% YoY – Immunefi The crypto ecosystem experienced significant losses in the second quarter of 2024, with a total of $572.7 million lost due to hacks and frauds — up 112% compared to the same period a year ago, according to Immunefi’s latest quarterly breakdown report. Meanwhile, year-to-date (YTD) losses due to hacks and frauds have reached $920.9 million, a 24% increase compared to the previous year’s $702.9 million. Source https://t.me/Crypto_Bitcoin_Blockchain