Marathon Digital Holdings ($MARA) to issue $250M in convertible bonds for Bitcoin acquisitions and corporate purposes. The firm holds over 20,800 BTC, valued at $1.2B, signaling strong institutional interest in crypto. #Bitcoin
Bitcoin ($BTC) trades above $59,600, targeting a monthly close above July 2024’s low. Ethereum ($ETH) aims for a monthly close above $2,810. Analysts see key zones for strategic long positions. #CryptoTrends
Ethereum leads crypto inflows with a $155M surge, capturing 88% of last week’s $176M total. ETP trading volume hits $19B, surpassing the $14B average. Bitcoin ends with $13M inflows despite early outflows. #CryptoNews $ETH $BTC
El Salvador secures $1.6B from Yilport Holdings to modernize Acajutla and La Union ports, supporting Bitcoin City infrastructure. This is the largest private investment in the country’s history. @nayibbukele #Bitcoin $BTC #CryptoNews
? $CEL sues $USDT to recover $2B in Bitcoin lost in alleged fraudulent transfers. Celsius claims Tether breached loan terms, causing a “fire sale” of 39,542.42 BTC at undervalued prices before Celsius’ bankruptcy. Outcome may set crypto lending precedent.
Analysts foresee short-term declines for $BTC and $ETH due to market uncertainty. Both nearing a “Death Cross” amid U.S. election volatility. Ethereum must stay above $2,700 to avoid further losses. #CryptoNews
Bitcoin could hit $100K if Trump wins the 2024 election, predicts Michael Terpin. October and November historically strong for $BTC, with market trends aligning in support of price stability above $50K. #Bitcoin
VanEck and @Coinbase blame SEC regulations for rising Bitcoin ETF borrowing costs, citing capital inefficiencies and higher expenses. They call for solutions like short-term borrowing facilities to ease financial strain. $BTC #CryptoNews
Source: https://coingape.com/vaneck-coinbase-execs-blame-sec-for-surge-in-bitcoin-etf-driven-borrowing/
Bitcoin ETFs see $193M inflow, led by BlackRock’s $BTC with $157.6M. Meanwhile, Ethereum ETFs face a $3M outflow, with Grayscale’s $ETHE losing $19.8M. #CryptoMarket
Grayscale bullish on $BTC and $ETH amid macro shifts. Report suggests Bitcoin could hit all-time highs if US avoids recession. Institutional investors and upcoming elections boost market sentiment. Read more: https://coingape.com/grayscale-turns-more-bullish-on-bitcoin-and-ethereum-heres-why/ #crypto #Bitcoin #Ethereum
CBOE refiles for options trading on spot Bitcoin ETFs, addressing SEC concerns about manipulation. Approval anticipated Q4, resetting timeline to April 2024. BlackRock’s IBIT leads inflows, boosting Bitcoin to $61,800. #Bitcoin #BTC
Bitcoin rebounds to over $57,000 post-crash, driven by institutional investor confidence. Minimal outflow from spot Bitcoin ETFs and Morgan Stanley brokers offering stocks signal strong market support. $BTC #CryptoNews
Economists argue the US is in a recession, while executives claim resilience. JPMorgan raises recession odds to 35%. Bitcoin nears $60K, driven by institutional investors. #Bitcoin $BTC #economy
NEAR Protocol unveils Chain Signatures, enabling seamless cross-chain DeFi and Bitcoin interactions. Over 6M users benefit from bridgeless Omnichain DeFi, enhancing liquidity and simplifying transactions. #DeFi $NEAR
