all posts Bitcoin Magazine

🔥 BREAKING: MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per #bitcoin💰 Avg buying price $39,266 per bitcoin. https://t.me/Bitcoin_Magazine

🚨 LATEST: 💰 BlackRock is prepping for $35T Fed Dollar Crisis that's predicted to drive "institutional interest” in #Bitcoin. https://t.me/Bitcoin_Magazine

🇺🇸 Donald Trump saying this is "a new era" with 💰 #Bitcoin, "it's amazing" https://t.me/Bitcoin_Magazine

NEW: 🇺🇸 RFK Jr. sends a pro-bitcoin letter to The Economist in defense of 💰 Bitcoin mining 🙌 https://t.me/Bitcoin_Magazine

🇯🇵 Japanese public company Metaplanet stock performance after adopting the #Bitcoin strategy. https://t.me/Bitcoin_Magazine

🇺🇸 Donald Trump uses 🥇 #Bitcoin to pay at a bar in New York. https://t.me/Bitcoin_Magazine

BREAKING: 🇺🇸 Louisiana state government now accepts 💰 #Bitcoin as payment https://t.me/Bitcoin_Magazine

BREAKING: 💰 MicroStrategy increased its raise to $875 million to buy more #Bitcoin and redeem outstanding Notes 🙌 https://t.me/Bitcoin_Magazine

BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50 basis points, first cut in over 4 years❗️ https://t.me/Bitcoin_Magazine

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

💰 Massive Bitcoin Rally Predicted For Next 6 Months After Fed Rate Cut According to CME Group’s FedWatch tool, markets are currently pricing in a 59% chance of a half-percentage-point rate cut and a 41% chance of a quarter-point cut. There’s an overwhelming expectation that by the end of 2024, the Fed could implement up to 100 basis points in cuts, with nearly 60% odds of 125 basis points. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin exchange reserves drop to 2018 levels The number of Bitcoin held on exchanges significantly declined in September, dropping to levels last seen in mid-November 2018. Since the beginning of the month, Bitcoin exchange reserves have dropped from approximately 2.62 million BTC to 2.58 million BTC. This decline of nearly 38,000 BTC in just over two weeks follows a continued trend of Bitcoin flowing out of exchanges at an accelerated pace. Source https://t.me/Bitcoin_Magazine

The number of addresses transferring BTC to exchanges has fallen to 132,100, the lowest level since 2016. 📉 This could signal a reduction in selling pressure. 🧐 https://t.me/Bitcoin_Magazine

💰 Private and Public Companies have grown their #Bitcoin holdings by 587% over the past four years — River Financial https://t.me/Bitcoin_Magazine

🥇 Different stages of Bitcoin journey https://t.me/Bitcoin_Magazine

🔥 JUST IN : Tether's USDT 💰 issuance on #TON chain surpasses $1 billion. Tether's official page confirms that USDT issuance on #TON 💰 chain has exceeded $1 billion, now totaling $1,030,000,002 https://t.me/Bitcoin_Magazine

🏦 Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism Coinbase’s newly launched wrapped #Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum. Source https://t.me/Bitcoin_Magazine

💰 Sam Bankman-Fried files appeal to reverse fraud conviction. https://t.me/Bitcoin_Magazine

FUN FACT: 🇺🇸 The national debt has risen under every Republican and Democrat president. Maybe it’s time to study Bitcoin 💯 https://t.me/Bitcoin_Magazine

📈 Standard Chartered Predicts Bitcoin Will Hit New Highs Regardless of US Elections 🇺🇸 🔍 Standard Chartered analysts forecast that Bitcoin will reach new all-time highs by the end of the year, regardless of the US election results. They estimate Bitcoin could surge to $125K if Trump wins and $75K if Harris prevails. 🧐 While US political policies do influence crypto prices, the bank believes other factors play a more significant role. Earlier this year, they projected Bitcoin might hit $150K by December 2024 and $200K by the end of 2025, with Ethereum possibly reaching $8K and $14K, respectively. 🚀 In contrast, Bernstein's recent report suggests Bitcoin might peak if Trump wins but could drop to $30-40K if Harris wins. Stay tuned for more updates! 🌟📊 https://t.me/Bitcoin_Magazine

💰 Standard Chartered: #Bitcoin Could Hit $125K Under Trump, $75K Under Harris Standard Chartered has reaffirmed its projection that bitcoin will hit new all-time highs by the end of 2024, regardless of the U.S. election outcome. The bank’s digital assets head predicts bitcoin could reach $125,000 under Trump or $75,000 under Harris, with temporary drops under a Harris presidency. Regulatory concerns loom, but other factors, like U.S. Treasury curve movements, provide a positive outlook. Source https://t.me/Bitcoin_Magazine

ICYMI: 🟠 CleanSpark will acquire 7 additional #Bitcoin mining facilities in Tennessee for $27.5 million expecting to achieve 37 EH/s by EOY 🔥 https://t.me/Bitcoin_Magazine

🇺🇸 Donald Trump is launching a cryptocurrency network saying “he is leaving the slow and outdated banks behind”, launching it on X/Twitter Spaces. (Sep 16th) https://t.me/Bitcoin_Magazine

⚡️ BREAKING : BlackRock sees #Bitcoin🥇 as a hedge against declining trust in governments, banks, and fiat currencies. https://t.me/Bitcoin_Magazine

💰 #Bitcoin Climbs Above $58,000, But Experts Say Bullish Sentiment Is Waning Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report. The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and maintaining an elevated year-over-year rate of 3.2%, well above the Federal Reserve’s 2% target. Source https://t.me/Bitcoin_Magazine

Grayscale is set to launch the first U.S.-based XRP fund, with the goal of eventually converting it into a spot XRP ETF. 🚀 Investments will be available only to accredited investors who meet the requirements. 🧐 XRP's price reacted with an immediate increase. 📈 https://t.me/Bitcoin_Magazine

SAYLOR: 🟠 “We’ve beat every other company in the S&P index using the Bitcoin strategy.” 🔥 https://t.me/Bitcoin_Magazine

NEW: 🟠 JAN3's CEO explains how Bitcoin is massively undervalued and why Bitcoin will hit $1 MILLION❗️ “There is just so little bitcoin out there, you can’t double your holdings as a large entity at this point, so it’s going to shoot up.” 🚀 - Samson Mow https://t.me/Bitcoin_Magazine

DATA: 🟠 Bitwise chart shows Bitcoin historically pumps in price after being down in September 📈 Bullish. https://t.me/Bitcoin_Magazine

💰 Bitcoin mining difficulty hits record high of 92.67 trillion amid falling miner revenues Bitcoin mining difficulty climbed 3.6% on Sept. 11 to reach an all-time high of 92.67 trillion. CryptoQuant showed that the increase comes as miner profitability continues declining, further putting pressure on the firms struggling since April’s halving event. Bitcoin’s mining difficulty adjusts every two weeks after the completion of 2,016 blocks, designed to ensure stable block discovery times. Source https://t.me/Bitcoin_Magazine

🇬🇧 The UK Parliament introduces a bill to recognize Bitcoin as personal property. 📜 A new bill introduced in Parliament aims to provide legal protection for digital assets like Bitcoin, NFTs, by officially recognizing them as personal property under British law for the first time. 👍 👀 This will protect owners from fraud and scams, while helping resolve disputes involving digital assets, such as in divorce cases. https://t.me/Bitcoin_Magazine

⛹️‍♂️ Scottie Pippen tagged Michael Saylor with a question asking if he, too, had dreamed of Satoshi Nakamoto, in response to Saylor's claim that BTC will be worth $13 million per coin. 😁 https://t.me/Bitcoin_Magazine

PayPal and Venmo now support Ethereum Name Service (ENS), allowing U.S. users to send crypto using ENS names instead of wallet addresses. https://t.me/Bitcoin_Magazine

JUST IN: 🇦🇪 $800 billion Standard Chartered bank launches #Bitcoin and crypto custody service in the UAE 💪 https://t.me/Bitcoin_Magazine

You do NOT sell Bitcoin. This is how you win. https://t.me/Bitcoin_Magazine

🚀 Join the Ultimate Crypto Meme Channel! 🚀 Are you tired of the serious side of crypto? 🧠 💼 Need a daily dose of laughter to lighten up your trading day? 😂💸 Look no further! Our Crypto Meme Channel is here to brighten your day with the funniest, most relatable, and fresh-off-the-blockchain memes! 🤖🔥 👉 Why Join Us? 💥 Hilarious Memes Daily - Guaranteed to make you LOL! 💥 Relatable Content - For every HODLer, trader, and crypto enthusiast! 💥 The Best Way to Survive the Market - With laughter and a strong meme game! 🔗 Join Now and become part of the funniest crypto community on Telegram! Let’s turn the volatility into hilarity together! 🎉 HODL tight and get ready to ROFL! See you inside! 🤣 🚀 https://t.me/Bitcoin_Crypto_Memes

HISTORY: 🟠 In 2009 Hal Finney predicted $10M per #Bitcoin 🔥 He divided the world's wealth by 20 million (assuming satoshi's coins would never move). https://t.me/Bitcoin_Magazine

💎 Solana ($SOL) has reached a record for the highest number of daily active addresses in blockchain history. https://t.me/Bitcoin_Magazine

🥇 Using Bitcoin miners to heat a pool 🏊‍♂️ https://t.me/Bitcoin_Magazine

JUST IN: 🇯🇵 Japanese Public company Metaplanet buys another ¥300 million worth of #Bitcoin 🔥 https://t.me/Bitcoin_Magazine

🥇 Bitcoin addresses with non-zero balances climb over 50 million in 2024 Bitcoin’s number of addresses with a non-zero balance has seen a steady increase in 2024. After a dip in early January, the total number of unique addresses began to recover around March, with notable growth from May through September — now nearing 53.2 million. Despite fluctuations in price, which has dropped from around $70,000 to under $60,000 since March, user activity has maintained upward momentum. Source https://t.me/Bitcoin_Magazine

Stay humble. Stack sats. https://t.me/Bitcoin_Magazine

NEW: 🟠 Michael Saylor compares #Bitcoin to Apple in 2011, saying it makes no sense to trade when you know it will go up by a factor of 100 🙌 https://t.me/Bitcoin_Magazine

💰 Bitcoin Layer 2 Protocol Stacks Achieves New High in Smart Contract Deployments Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more productive network. The increase in deployments highlights the potential for decentralized finance (defi) on Bitcoin and the innovative projects being built on the layer-2 solution. Source https://t.me/Bitcoin_Magazine

🚨LATEST: Bernstein ($725 Billion AUM) predicts Bitcoin could skyrocket to $90,000 if Trump wins the election this year! https://t.me/Bitcoin_Magazine

“You buy and HODL #Bitcoin. Keep those diamond hands.” https://t.me/Bitcoin_Magazine

JUST IN: 🇺🇸 Donald Trump says he will charge a 100% tariff on countries shifting away from the US Dollar, if elected President. https://t.me/Bitcoin_Magazine

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⚡️#FriendTech, the once-popular Web3 social network, has been shut down after its developers relinquished control over its smart contracts. A revival of the platform appears unlikely as the contract ownership revocation hinders any potential takeover by a new team. https://t.me/Bitcoin_Magazine

🚀 Join the Ultimate Crypto Meme Channel! 🚀 Are you tired of the serious side of crypto? 🧠 💼 Need a daily dose of laughter to lighten up your trading day? 😂💸 Look no further! Our Crypto Meme Channel is here to brighten your day with the funniest, most relatable, and fresh-off-the-blockchain memes! 🤖🔥 👉 Why Join Us? 💥 Hilarious Memes Daily - Guaranteed to make you LOL! 💥 Relatable Content - For every HODLer, trader, and crypto enthusiast! 💥 The Best Way to Survive the Market - With laughter and a strong meme game! 🔗 Join Now and become part of the funniest crypto community on Telegram! Let’s turn the volatility into hilarity together! 🎉 HODL tight and get ready to ROFL! See you inside! 🤣 🚀 https://t.me/Bitcoin_Crypto_Memes

💰 Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. On Sunday, Sept. 8, 2024, Bitcoin’s total hashrate spiked to an impressive 692.28 EH/s, edging ever closer to the 700 EH/s milestone. This marks yet another all-time high for Bitcoin’s network this week. Source https://t.me/Bitcoin_Magazine

NEW: 🇺🇸 A new report from River, a Bitcoin fintech company, predicts that 10% of U.S.-based companies will convert 1.5% of their treasury reserves—equating to roughly $10.35 billion—into #Bitcoin over the next 18 months 👀 https://t.me/Bitcoin_Magazine

📊 Growth in GDP (current prices) between 2003-2023. 🇨🇳 China: 966% 🇮🇳 India: 503% 🇮🇩 Indonesia: 455% 🇸🇦 Saudi Arabia: 395% 🇷🇺 Russia: 303% 🇧🇷 Brazil: 281% 🇹🇷 Turkey: 265% 🇨🇦 Canada: 136% 🇺🇸 US: 135% 🇩🇪 Germany: 77% 🇫🇷 France: 65% 🇬🇧 UK: 61% 🇮🇹 Italy: 38% 🇯🇵 Japan: -6% https://t.me/Bitcoin_Magazine

JACK MALLERS: 🟠 Bitcoin is the exit door, a way to protect yourself from government-induced currency debasement." 💯 https://t.me/Bitcoin_Magazine

💰 There's a possibility of forming a bottom here. According to the half-wick fill strategy, the bottom should be around $51,500. https://t.me/Bitcoin_Magazine

NEW: 🇦🇪 The United Arab Emirates announces the opening of their first multi-unit nuclear power plant ⚡️ This comes one year after signing a major bitcoin mining deal with MARA. https://t.me/Bitcoin_Magazine

Elon Musk has done it again… 😏 https://t.me/Bitcoin_Magazine

💰 "The biggest threat to Bitcoin's dominance has and always will be Cardano" - Charles Hoskinson https://t.me/Bitcoin_Magazine

🤖 New Android malware steals private keys from screenshots and images🚨 🇰🇵 North Korean hackers are intensifying their attacks on the crypto industry with a new Android malware, SpyAgent, warns the FBI. 🔎 Discovered by McAfee, this sneaky malware steals private keys by scanning screenshots and images on your phone using optical character recognition (OCR). 🛡 How it works: ▪️ Malicious links in texts direct you to fake, seemingly legitimate sites. ▪️You download an app disguised as a banking or streaming service. ▪️The app requests permissions to access your contacts, messages, and local storage, then starts stealing your private keys from images. Currently targeting South Korean users, SpyAgent is found in over 280 fake apps. Stay vigilant and avoid downloading apps from unverified sources! 🕵️‍♂️🔒 https://t.me/Bitcoin_Magazine

NEW: 🇩🇪 German Bundestag member Joana Cotar says, "#Bitcoin is freedom. It’s our chance to reclaim sovereignty." 👏 There might be hope for Germany after all! https://t.me/Bitcoin_Magazine

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💰 Bitcoin miners battle network difficulty and Texas heat in August production updates Bitcoin miners released their August production updates, revealing a mixed performance across the sector. Many companies reported strategic efforts to optimize their operations amid network challenges and the high demand for electricity, particularly in Texas, where many miners operate. As miners prepare for the challenges ahead, many are focusing on efficiency, cost control, and strategic investments, while managing the increased difficulty in the Bitcoin network. Source https://t.me/Bitcoin_Magazine

💰 US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows Spot bitcoin exchange-traded funds in the U.S. saw $211.15 million in net outflows on Thursday, recording their seventh consecutive day of negative flows. Fidelity’s FBTC saw the largest amount of outflows among spot bitcoin ETFs, with $149.49 million, according to data from SoSoValue. Bitwise’s BITB followed with $30 million in net outflows. Both Grayscale’s GBTC and mini trust recorded outflows on Thursday. Source https://t.me/Bitcoin_Magazine

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💰 Bitcoin drives Morgan Stanley fund’s strategy with key positions in IBIT and MicroStrategy According to a recent SEC filing, the Morgan Stanley Institutional Fund, Inc. – Counterpoint Global Portfolio reported total net assets of $10,042,729 as of June 30, 2024. The portfolio holds 216 different investments and has a portfolio turnover rate of 51% for the first half of the year. Source https://t.me/Bitcoin_Magazine

💰 Low exchange stablecoin ratio hints at strong Bitcoin demand The exchange stablecoin ratio is a critical barometer of market sentiment, reflecting the balance between stablecoins and Bitcoin held on exchanges. When this ratio plummets, it typically signals increased Bitcoin accumulation, suggesting traders are confident in a price surge. As we see Bitcoin testing the $60,000 resistance, the ratio just hit its lowest point this year. Source https://t.me/Bitcoin_Magazine

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟 Stay ahead with: - 📰 Real-Time Updates: Get the latest news instantly. - 🔗 In-Depth Analytics: Powerful blockchain insights. - 📅 Market Trends: Expert analysis and forecasts. Join our vibrant community and stay updated with our active Twitter feed. The only news source you need! 🔗 Join now: @Cryptocurrency_Inside #advertising

💰 Outlier Ventures says four-year cycle is dead after bitcoin's 'worst price performance following any halving to date' Web3 accelerator Outlier Ventures said it is time to accept that the four-year cycle is dead, with bitcoin experiencing its worst price performance post-halving so far this year. “Four months after the latest Bitcoin halving, we’re witnessing the worst price performance following any halving to date,” Outlier Ventures Head of Research Jasper De Maere wrote in a Tuesday report. Source https://t.me/Bitcoin_Magazine

🥇 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/Bitcoin_Magazine

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟 Stay ahead with: - 📰 Real-Time Updates: Get the latest news instantly. - 🔗 In-Depth Analytics: Powerful blockchain insights. - 📅 Market Trends: Expert analysis and forecasts. Join our vibrant community and stay updated with our active Twitter feed. The only news source you need! 🔗 Join now: @Cryptocurrency_Inside #advertising

💰 QCP Capital highlights ether's 'significant' underperformance compared to bitcoin in August QCP Capital analysts emphasized ether's significant underperformance relative to bitcoin in August and cautioned that September might bring additional declines. "Bitcoin ended August down 8.6%. We started the month with the 'Bank of Japan crash' and bitcoin was never able to recover above $65,000. Ethereum performance in August was significantly poorer, down 22.2% in August on the back of alleged selling by Jump Trading," QCP Capital analysts said. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin slides below $58,000 as crypto market sees weekend slump The crypto market experienced a slight downturn over the weekend. Bitcoin is currently trading at $57,500 as of 1:30 a.m. ET, marking a 1.5% drop in the past day and nearly a 10% drop over the past week. The largest cryptocurrency has a market cap of $1.1 trillion and maintains a 54% market dominance. Meanwhile, ether, the second-largest cryptocurrency, is changing hands at $2,440, reflecting a 1.7% decrease over the past day and an 11% decline over the past week. Source https://t.me/Bitcoin_Magazine

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💰 Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit bitcoin due to its fixed supply and deflationary nature. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin network’s maturing phase reflected in post-halving fee stability Bitcoin transaction fees have exhibited fluctuating patterns since the beginning of 2024, with notable spikes around significant events. The most prominent surge occurred in April, correlating with the Bitcoin halving event. This period saw transaction fees spike briefly to over 1,200 BTC, highlighting the network’s increased demand during this critical period. Source https://t.me/Bitcoin_Magazine

🥇 Bitcoin still underperforming stocks since early August deleveraging event: Coinbase Bitcoin has not performed as well as U.S. stocks and other macro assets over the past few weeks following the widespread deleveraging in early August. On Monday, Aug. 4, the cryptocurrency market shed approximately $367 billion in value within a 24-hour period. This selloff coincided with a broader decline in equities in one of the worst days for risk assets since the "Black Monday" crash of 1987. Source https://t.me/Bitcoin_Magazine

JUST IN: 🇧🇷 Brazil's top court orders immediate suspension of X (Twitter). 🤝 @Cryptocurrency_Inside ✅

💰 Bitcoin volatility likely to ease as market anticipates Fed rate cuts, says QCP Capital Bitcoin price volatility is expected to decline as market participants prepare for the potential start of a rate-cutting cycle by the U.S. Federal Reserve next month. "In the lead-up to next week’s U.S. non-farm payroll report, we expect market volatility to continue its downtrend as the market positions itself for potential rate cuts by the Fed." QCP Capital analysts said. Source https://t.me/Bitcoin_Magazine

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟 Stay ahead with: - 📰 Real-Time Updates: Get the latest news instantly. - 🔗 In-Depth Analytics: Powerful blockchain insights. - 📅 Market Trends: Expert analysis and forecasts. Join our vibrant community and stay updated with our active Twitter feed. The only news source you need! 🔗 Join now: @Cryptocurrency_Inside #advertising

💰 Bitcoin falls back to $59k after bulls fail to sustain momentum Bitcoin (BTC) lost the momentum seen over the past day and slid below $59,000 after bulls failed to push prices past the key $61,000 price, which has previously acted as a support and resistance level. The flagship crypto fell to a low of $58,866, erasing almost all of the 3.2% gain recorded over the past day within an hour. As of press time, BTC was trading at $59,200 — roughly back where it started the brief rally earlier this week. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin's Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump Bitcoin’s difficulty ticked up 2.99% on Wednesday, reaching 89.47 trillion, where it will stay until Sept. 10, 2024. The network’s difficulty metric essentially functions like a self-adjusting thermostat for the Bitcoin network, maintaining a consistent pace of block creation regardless of fluctuations in mining power. Simply put, if hashpower increases and blocks are mined too quickly, the difficulty rises. Source https://t.me/Bitcoin_Magazine

🥇 Acre’s yield-bearing stBTC token is now live on Bitcoin scaling network Mezo Mezo, the yield-bearing Bitcoin Layer 2 being developed by venture studio Thesis, is launching a liquid-staked bitcoin token in what could be a first for the network. Users mint stBTC by depositing either BitGo's wrapped bitcoin (WBTC) or the bitcoin-backed Ethereum token tBTC on Mezo, paying a fee and locking their tokens. These stBTC tokens can then be ported over to the tBTC/stBTC pool on DeFi platform Curve to receive Curve LP tokens. Source https://t.me/Bitcoin_Magazine

📱Telegram founder Pavel was indicted and placed on supervised release in France. He is required to pay a €5 million deposit and is prohibited from leaving France. ➡️ @Bitcoin_Insights

💰 Bitcoin options highlight bullish sentiment towards $90,000 by September Bitcoin, approximately $3.6 billion of notional value is set to expire, with a total open interest of 60,316 BTC. The put-to-call ratio stands at 0.61, indicating a somewhat bullish sentiment. Specifically, there is 37,477 BTC in call open interest compared to 22,839 BTC in put open interest, with the max pain price positioned at $61,000. This price level, close to Bitcoin’s current trading value of around $60,000, suggests that many traders are positioning for stability or a slight upward movement in the short term. Source https://t.me/Bitcoin_Magazine

💰 Nasdaq seeks SEC approval to list and trade bitcoin index options Nasdaq, in partnership with CF Benchmarks, has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX). Regulatory approval would enable investors to manage and hedge bitcoin positions using options that track the underlying asset through the CME CF Benchmarks Bitcoin Real-Time Index (BRTI). If approved, these bitcoin options would become the first cryptocurrency derivatives cleared by the U.S. Options Clearing Corporation (OCC). Source https://t.me/Bitcoin_Magazine

🥇 Spot bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million Spot bitcoin exchange-traded funds in the U.S. saw $202.51 million in total daily net inflows on Monday, marking their eighth consecutive day of positive flows. The 12 bitcoin funds have drawn in $756 million over the past eight trading days. Monday’s largest net inflows came from BlackRock’s IBIT fund, totaling $224.06 million, its largest daily inflows since July 22, according to data from SoSoValue. Source https://t.me/Bitcoin_Magazine

💰 Nasdaq-listed Semler Scientific boosts Bitcoin holdings above 1000 BTC to become top 20 holder Nasdaq-listed medical technology firm Semler Scientific has expanded its Bitcoin holdings by purchasing an additional 83 BTC for $5.0 million, according to an Aug. 26 statement. The company’s chairman, Eric Semler, explained that the acquisition was primarily funded through cash generated from the firm’s operations and supplemented by funds from its at-the-market equity program. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin sees $543 million in inflows after Powell’s dovish remarks According to CoinShares’ latest weekly fund flow report, crypto investment products saw their largest inflows in five weeks, with $533 million pouring into the sector. James Butterfill, head of research at CoinShares, explained that these inflows followed remarks by US Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium last week. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin’s Last Difficulty Drop Likely to Be Erased in 3 Days Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% or more. Source https://t.me/Bitcoin_Magazine

💰 Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often hidden, leaving most people unaware when their bank is insolvent. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelity’s FBTC followed, gathering $64 million, while Grayscale’s Mini Bitcoin Trust absorbed $50.83 million. Source https://t.me/Bitcoin_Magazine

💰 JPMorgan lowers bitcoin mining stock targets amid price drop and rising hashrate JPMorgan has downgraded price targets for bitcoin miners to reflect second-quarter results and other company-specific announcements, such as fleet efficiency improvements and hashrate targets. The decline in price targets is primarily due to a drop in bitcoin prices since the last model update, reducing the spot bitcoin price assumption from $68,000 to $60,000, according to an analyst report from the investment bank released Friday. Source https://t.me/Bitcoin_Magazine

💰 Bybit emerges as dominant exchange with $2.5 billion BTC spot volume Bybit's recent surge to a $2.5 billion spot volume on Aug. 22 has stunned the crypto community, consistently outperforming even the behemoth Binance in daily volumes. This rapid ascent is not just a fluke; it signals a deeper trend reshaping the trading landscape. Source https://t.me/Bitcoin_Magazine

💰 One Bitcoin now buys over 10,000 Big Macs, up from just 51 in 2015 Bitcoin’s purchasing power, as measured by the Big Mac Index, has significantly increased over the past decade. In 2024, one Bitcoin can buy approximately 10,500 Big Macs, a substantial 20,488% rise from just 51 Big Macs in 2015. This growth highlights Bitcoin’s dramatic appreciation in value relative to a consumer staple like the Big Mac. Source https://t.me/Bitcoin_Magazine

💰 Spot bitcoin ETFs see fifth consecutive day of positive flows with $39 million in inflows Spot bitcoin exchange-traded funds in the U.S. hit their fifth consecutive day of positive flows, drawing in $39.42 million on Wednesday. Spot ether ETFs, on the other hand, experienced their fifth straight day of net outflows. Grayscale’s mini bitcoin trust reported $14.2 million in net inflows yesterday, along with spot bitcoin funds from Fidelity and Bitwise, which both recorded around $10 million in inflows, according to SoSoValue data. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September Bitcoin (BTC) is back above $61,000 after leaping 3.5% in the past 24 hours, fueled by the release of bullish Fed minutes related to the July meeting on Aug. 21. Ethereum (ETH) followed with 1.5% growth in the same period, while Solana (SOL) remained in the red for the day — down 0.6% as of press time. Source https://t.me/Bitcoin_Magazine

💰 Bitcoin OTC desk balances rise by 60,000 BTC in past 30 days Bitcoin’s over-the-counter (OTC) desk balances have notably increased in 2024. A significant amount of Bitcoin has been added to OTC desks over the past few months, signaling a shift towards distribution rather than accumulation. This behavior mirrors the trends seen in the second half of 2021 when Bitcoin’s price was elevated but faced increased distribution, eventually leading to a price correction in 2022. Approximately 370,000 BTC are currently held on OTC desk balances, marking a 60,000 BTC increase over the past 30 days. Source https://t.me/Bitcoin_Magazine

💰 CME BTC futures open interest dips then rebounds to $5.64 billion as institutional investors adjust to volatility Open interest (OI) of longs on CME futures by asset managers reached $4.97 billion two weeks ago. This marks the metric's lowest point since early March and is a significant drop from the all-time high of $6.74 billion observed in the first week of July. The recent dip suggests that asset managers have been reducing their long exposure to BTC, possibly in response to recent market volatility or as part of risk management strategies in a period of macroeconomic uncertainty. Source https://t.me/Bitcoin_Magazine

💰 Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market. The flagship crypto slid over 3% in an hour, giving up almost all of its gains over the previous trading day after touching a weekly high of $61,400. Bitcoin was trading at $59,000 as of press time, based on CryptoSlate data. Source https://t.me/Bitcoin_Magazine