Grayscale sheds $20B from Bitcoin and Ether ETFs – Cointelegraph
Asset management firm Grayscale Investments recorded combined outflows of more than $20.4 billion from its Bitcoin and Ethereum spot exchange-traded funds (ETFs). The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of about $137.7 million a day in the seven months since its launch on Jan. 11. As of July 29, GBTC had recorded […]
Record $39.4B Bitcoin open interest suggests imminent price breakout – Cointelegraph
Bitcoin futures open interest has hit an all-time high, suggesting growing investor demand for the world’s largest cryptocurrency. Is a price surge imminent? Bitcoin (BTC) open interest, a metric that monitors the total number of open positions in the underlying asset, reached a record high of $39.46 billion across exchanges. The current figure surpasses the […]
Hong Kong legislator eyes Bitcoin for fiscal reserves – Cointelegraph
Hong Kong Legislative Council Member Johnny Ng has announced plans to work with various stakeholders to assess the feasibility and potential benefits of incorporating Bitcoin into the special administrative region’s financial reserves. In a recent X post, Ng highlighted the growing global recognition of Bitcoin (BTC), which is often referred to as “digital gold” due […]
Sen. Lummis proposes US government purchase 5% of total Bitcoin supply – Cointelegraph
U.S. Senator Cynthia Lummis has introduced a bill proposing that the U.S. government purchase 5% of the global Bitcoin supply and hold it for at least 20 years. “It can be used for one purpose, which is to reduce debt,” Rammis said. Declared The remarks were made during a keynote speech at the Bitcoin 2024 […]
Bitcoin Beach co-founder claims Bitcoiners want to move families to El Salvador – Cointelegraph
Roman Martinez, one of the co-founders of El Salvador’s Bitcoin Beach Zone, claimed that “many Bitcoin users” are considering the country as a relocation destination following increased international restrictions on cryptocurrencies. Martinez told Cointelegraph at the Bitcoin 2024 conference in Nashville on July 27 that some people who feel excluded from the traditional financial system […]
Grayscale Ethereum Trust ETF hits historic net outflow of $1.5B – Cointelegraph
Grayscale Ethereum Trust ETF (ETHE) has seen over $1.5 billion in outflows, with a net outflow of $356 million in a single day on July 26. according to July 26 was a particularly volatile day for spot Ether (ETH) exchange-traded funds (ETFs), with net outflows totaling $163 million, according to data from SoSo Value. Grayscale’s […]
Bitcoin forming 'massive' bullish wedge pattern as trader eyes $85K – Cointelegraph
Bitcoin price has formed a bullish wedge pattern while hovering near its 2021 all-time high, with hopeful traders targeting a price target of $85,000 next. “Bitcoin is forming a massive falling wedge near the highs of the last cycle,” anonymous crypto trader Jelle wrote on Xinhua on July 26. postThis is typically seen as a […]
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets – Cointelegraph
Independent presidential candidate Robert F. Kennedy Jr., speaking to an audience at the Bitcoin2024 event on July 26, praised the role Bitcoin will play in improving the U.S. economy and the American way of life, and promised to sign several executive orders to start that process on his first day in office. Bitcoinization by Presidential […]
Hong Kong to launch Asia’s first inverse Bitcoin ETF – Cointelegraph
On July 23, the CSOP Bitcoin Futures Daily (-1x) Inverse product (7376.HK), Asia’s first Bitcoin futures inverse product, will be launched in Hong Kong. A new exchange-traded fund (ETF) from CSOP Asset Management, one of China’s largest asset managers, aims to give investors a way to profit from falling Bitcoin (BTC) prices. The development follows […]
Biden family memecoins tank 60% after Biden exits presidential race – Cointelegraph
Meme coins linked to US President Joe Biden, his wife Jill and his son Hunter have fallen more than 60% since Biden formally dropped out of the 2024 presidential race. The Joe Biden-linked Geo Boden (BODEN) token fell 62% within two hours, while Kamala Hollis (KAMA) token surged amid speculation that US Vice President Kamala […]