Sen. Cynthia Lummis (@SenLummis) praises Bitcoin, criticizes CBDCs as surveillance tools, and advocates for individual Bitcoin wallets. Despite past critiques, Trump now holds cryptocurrency and opposes CBDCs. Proponents argue CBDCs can enhance transaction speed and security. #CryptoNews
Samson Mow proposes a buyback of 50,000 BTC for Germany’s national reserves after prior selloff. Joana Cotar and crypto advocates like Michael Saylor support the plan, aiming for strategic adoption and asset diversification. Mow to discuss details on Oct 17. #Bitcoin #Update
Bitcoin ETFs saw a record net inflow of $310.2M on July 12, 2024. Leading were @BlackRock’s IBIT ETF with $120M and Fidelity’s $FBTC ETF at $115M. This surge highlights growing investor confidence in crypto. #Update #Bitcoin #Crypto
U.S. Bitcoin ETFs saw a $1.1B influx, hitting a record 888,607 BTC. BlackRock’s IBIT led with $523M, followed by Fidelity’s FBTC with $356M. Global Bitcoin ETF holdings reached 1,051,569 BTC. Despite German liquidations, Bitcoin’s price stabilized, showing strong institutional demand. #CryptoNews
Germany completes its Bitcoin liquidation, selling 50,000 BTC worth $3B, causing an 18% price drop. Analysts warn it might be a strategic blunder. This event highlights the impact of large BTC holdings on the market. #Bitcoin #Update
Germany has sold its last 3,846 $BTC, totaling $223.81M, marking the end of a month-long selloff of over 46,000 BTC. This move impacted crypto markets, keeping Bitcoin below $60K. Market experts now predict potential recovery and stabilization. #Crypto #BitcoinNews
Bitcoin ($BTC) diverges from its usual correlation with the S&P 500, experiencing a 19.4% decline over 5 weeks, while the S&P 500 grew by 5.4%. Despite a minor 2.97% recovery for BTC, its bearish trend continues. This shift could signal a potential bullish period for BTC. #Update
? Texas emerges as a Bitcoin mining hub, causing health issues for residents. Noise levels from mining reach 91 decibels, leading to hearing loss, dizziness, and sleep disturbances. Major players like @MarathonDH & $HUT are central to this shift. #Update #BitcoinMining
US Senator Cynthia Lummis advocates for Bitcoin reserves to bolster the US dollar’s dominance. She supports self-custody Bitcoin wallets and opposes CBDCs, warning against government surveillance. Lummis’ pro-Bitcoin stance aims to secure economic strength and individual financial freedom. #Bitcoin #Update
Northern Data ($NB2) projects 2024 revenue to triple to €240M, driven by high-performance computing solutions. Exceeding 2023 expectations, the company eyes €570M by 2025. A potential U.S. IPO could value its AI cloud and data center units at $10-16B. #Update
U.S. PPI inflation surged to 2.6%, exceeding expectations. This marks the fifth consecutive rise, contrasting with falling CPI. Major indices remained flat, while $BTC saw a slight selloff. Treasury yields inched up, and the US Dollar Index showed volatility. #Inflation #Update
Genesis Trading has moved 12,000 BTC to Coinbase amid its bankruptcy liquidation, following reorganization approval in May 2023. With 33,000 BTC remaining, valued at $1.9B, the $760M transaction raises concerns about Bitcoin price volatility, especially with other market pressures like Mt. Gox’s anticipated liquidations. #Bitcoin
Bitcoin ETFs in the U.S. saw five consecutive days of inflows totaling $72.1M as $BTC hit $59K. Bitwise’s BITB and ARK’s ARKB also saw gains, while Grayscale’s GBTC faced $37.7M in outflows. #Update #Bitcoin #Crypto
Bitcoin ($BTC) and Ethereum ($ETH) may see significant moves as US CPI data is released today, possibly hinting at Fed rate cuts. BTC hit $57,084 after Mt. Gox turbulence; ETH gained 1.78% to $3,150. #CryptoNews
