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Shiba Inu ($SHIB) sees a notable spike in investor optimism with a 122.54% increase in burn rate, burning 140.74M SHIB last week. Supply now at 589.27T SHIB and price rose 2.57% to $0.00001719. SHIB futures open interest up 14.36% to $40.96M. #ShibaInu
Vitalik Buterin addresses Ethereum’s ($ETH) decentralization concerns after team leader Péter Szilágyi’s comments. Buterin refutes centralization claims, citing efforts to minimize it via new mechanisms like Orbit. Szilágyi worries PeerDAS upgrade could exclude home stakers. Decentralization remains a core focus. #EthereumUpdate
Robert F. Kennedy Jr. revealed plans at the Bitcoin Conference 2024 to integrate $BTC into the U.S. economy, proposing the U.S. Treasury acquire 4M BTC. Peter Schiff criticized it as a ‘vote-buying’ strategy, arguing it lacks the stability of a gold standard. #Bitcoin #Update
Ethereum’s first week of spot ETFs in the U.S. saw $341M net outflows. Lack of staking feature and Bitcoin’s broader adoption cited. Grayscale’s ETHE lost $1.51B, while BlackRock’s ETHA gained $442M. Analysts predict U.S. elections and interest rate cuts could drive future trends. #Update
VanEck teases a spot $SOL ETF as Solana surpasses Binance Coin to become the 4th-largest cryptocurrency by market cap. SOL’s market cap milestone is significant, marking the first time in four years it has overtaken $BNB, with a 35% price surge in two weeks. #CryptoNews
Michael Saylor, co-founder of MicroStrategy, predicts Bitcoin ($BTC) could reach $13M by 2045, potentially hitting $49M in an extended rally. Saylor’s confidence is backed by MicroStrategy’s 226,331 tokens, currently worth $15B. Bitcoin’s price stands at $68,010, reflecting market optimism. #Bitcoin
Grayscale Investments has secured SEC approval for its new Grayscale Bitcoin Mini Trust ETF, launching next Wednesday. With a low fee of 15 basis points, it offers a cost-effective alternative to the Grayscale Bitcoin Trust (GBTC), making crypto investments more accessible. #CryptoNews
Anthony Scaramucci urges bipartisan regulation of Bitcoin and cryptocurrencies on CNBC’s Squawk Box. He criticizes the anti-crypto stance of Gary Gensler and Elizabeth Warren and highlights Kamala Harris’s potential centrist approach. Institutional adoption grows with investments from Wisconsin State and Jersey City. #Update #Bitcoin $BTC
Cardano founder Charles Hoskinson criticized Peter Schiff’s understanding of $BTC. Schiff called Bitcoin a “pyramid scheme,” sparking debate over Bitcoin’s role. Hoskinson argues Schiff misunderstands Bitcoin’s value, while Schiff warns of a bubble burst and increased government control. This highlights the divide between crypto advocates and skeptics. #Update
Laser Digital, part of Nomura Holdings Inc., will launch a high-yield Ether ETF with staking options by early September. Partnering with @GalaxyDigitalHQ and Dinero, this ETF targets institutional investors, offering both Ether price appreciation and staking yields. #Crypto #Ethereum
VanEck CEO Jan van Eck likens Bitcoin to gold, emphasizing its role in financial freedom at the 2024 Bitcoin conference. Predicts BTC could reach $2.9M by 2025, driving 5% of domestic and 10% of global trade. He personally invests 30% in BTC. #Bitcoin
? The Michigan Pension Fund invests $6.6M in the ARK Bitcoin ETF, joining a growing trend of pension funds embracing crypto. Bitcoin’s price surged 5% to $67,690, with $75B inflows into the U.S. Spot BTC ETF. Institutional interest in digital assets is on the rise! #Crypto
StrathCole warns Terra Luna Classic’s Tax2Gas upgrade by Genuine Labs may cause issues like impacting contracts & reduced rewards. He suggests a testnet deployment first. Despite concerns, $LUNC prices rose 1%, and the community believes the upgrade could boost $LUNC to $1. #Update
Ethereum ETFs have launched on major stock exchanges. Notably, Grayscale’s $ETHE saw outflows of $1.5B, while BlackRock’s $ETHA and Fidelity’s $FETH gained $72.9M and $34.3M respectively. Bitwise’s $ETHW debuted with $17M. Ethereum’s price rose 3.07% to $3,265.99. #Update
