BTC ETFs Surge: $295M Inflows Trigger Rebound
U.S. Spot Bitcoin ETFs saw $295M inflows on July 8, driving a market rebound. Global crypto market cap surged 4.2% to $2.22T. $BTC and $ETH prices rose 3.5% and 5.5%. #Update
Bitcoin Seized: German Govt Acquires 3673 Coins
Germany sold 16,039 Bitcoin seized from Movie2k.to for $1B, then repurchased 3,673 BTC. This caused market panic and a 3% price rise to $57,645.05. Speculation surrounds their strategy and market impact. #Bitcoin #CryptoNews
Grayscale Sets Date for Mini Ethereum ETF
Grayscale Investments (@Grayscale) to distribute shares of its new Grayscale Ethereum Mini Trust on July 18, 2024. Pending regulatory approval, the Mini Trust will list on NYSE Arca under ticker $ETH, offering lower fees and better value for long-term investors. #CryptoUpdate #Ethereum
Solana WATER Memecoin Surges After Messi’s Instagram Boost
Lionel Messi’s Instagram story featuring $WATER memecoin surged its price by over 20%. Despite no official endorsement, the token now trades at $0.001029, up 21.12% in 24 hours. Created with the Solana memecoin BEER team, it highlights the power of celebrity influence in crypto. #Update
Republicans Defend Bitcoin Mining Rights
The RNC, led by @LaraLeaTrump, adopts a platform supporting Bitcoin mining and opposing CBDCs to foster a crypto-friendly environment. Donald Trump shifts from crypto skeptic to advocate. #CryptoNews #Bitcoin
GOP Vows to Protect Bitcoin Mining Rights
The @GOP adopts a crypto-friendly platform, emphasizing the right to Bitcoin mining and opposing CBDCs. Led by Michael Whatley and Lara Trump, this shift highlights Trump’s crypto advocacy, including NFTs and crypto donations. #CryptoNews
House Votes on Overturning Biden Veto Wednesday
The U.S. House will vote on July 10 to overturn President Biden’s veto of a bill nullifying SEC’s SAB 121, which discourages banks from holding crypto. The vote needs a two-thirds majority. Outcome crucial for the crypto industry. #CryptoNews
Blockchain Enhances Dubai Customs Trade Transparency
Dubai Customs has unveiled a new blockchain platform enhancing trade transparency and efficiency, spearheaded by Sheikh Hamdan bin Mohammed. This initiative aligns with Dubai’s blockchain strategy, streamlining customs processes and boosting non-oil trade. #Blockchain #Update
Messi Endorses Solana Memecoin WATER
Football legend @LeoMessi promoted Solana memecoin Water (WATER) to 504M Instagram followers, causing a 60% surge before settling at a 4.5% gain. WATER funds global charities, boasting a $73.6M market cap. #Crypto #Update
Scammers Duped: Pink Drainer Hackers Foiled
Notorious hacker group Pink Drainer lost 10 ETH in an Address Poisoning Attack after announcing their shutdown. They had stolen over $85M from 21,000+ victims, including @FTX_Official and @BlockFi. This underscores ongoing crypto threats. #CyberSecurity #Update
Top Crypto to Invest in 2024
Investors are eyeing new cryptocurrencies like $POP, $NOT, and $TIA. Popcat’s meme coin rose 22%, Notcoin surged 56%, and Celestia’s TIA token shot up 178% in a year. MANTRA’s OM coin skyrocketed 3,590%! #Update
Crypto ETFs to Boost Hedge Funds by 2025
By 2025, crypto ETFs are projected to form 5% of hedge fund and pension fund portfolios, says blockchain expert Fiorenzo Manganiello. BlackRock’s spot bitcoin ETF has amassed $16.7B since Jan 2024, signaling strong institutional interest. #CryptoETFs #Update
Ethereum ETF: VanEck Files Updated Bid
Wealth manager @VanEck has filed an updated S-1 for its spot Ethereum ETF with the SEC, following @BitwiseInvest’s July 3 filing. Approval could lead to higher ETH prices and yields, mirroring Bitcoin’s recent performance. #EthereumETF
Bitcoin Network Ownership Shared by ZKM L2
ZKM announces GOAT Network, the first Bitcoin Layer-2 network sharing ownership, launching Q3 2024. Using decentralized sequencers, nodes earn yield on BTC. Initial launch includes a DEX and zero-gas BRC-20 trading. #Bitcoin #Update