BlackRock CEO Larry Fink voices concern as Bitcoin, Ethereum, and XRP prices soar after new crypto ETFs debut. $BTC jumped $13k, Ethereum ETFs drew $527M, and $XRP rose 26%. Rollblock raised $1.5M in presale. #Update
Bitcoin’s first retail transaction in 2010, trading 10,000 BTC for two pizzas, would now be worth over $580M. This highlights the massive value increase of $BTC. Convert BTC to fiat currencies via online exchanges, ATMs, or direct purchases. #Update
Marathon Digital Holdings ($MARA) buys $100M in Bitcoin, adopting a full HODL strategy. Now holding over 20,000 BTC, they plan to retain all mined Bitcoin. CEO Fred Thiel calls Bitcoin the best treasury reserve asset. Legal challenges include a $139M fine. #CryptoNews #Update
Kamala Harris (@KamalaHarris) debuts her first campaign ad, focusing on freedoms like safety from gun violence and economic security. The ad, set to Beyoncé’s “Freedom,” omits finance and cryptocurrency, sparking criticism from the crypto community. #BitcoinConference #Update
MARA (@MarathonDH), rebranded from Marathon Digital, invested $100M in Bitcoin, raising holdings to over 20,000 BTC. This aligns with Bitcoin’s fourth halving. Despite favorable conditions, $MARA stock fell 2% pre-market. CEO Fred Thiel urges Bitcoin adoption as a reserve asset. #Update
Marathon Digital (@MarathonDH) buys $100M in Bitcoin, boosting its holdings to over 20,000 BTC. Despite this, shares dipped 2.4% pre-market. Marathon aims to double its mining capacity to 50 EH/s by 2024. #Bitcoin #Update
Financial analyst Peter Schiff warns of potential market crashes without a Federal Reserve rate cut. Gold, silver, $BTC, and $ETH face sell-offs. The FOMC meeting on July 30-31 is crucial, with only a 10.9% chance of a July rate cut, but 76.7% for September. #Update
Hashdex has applied to the SEC for a spot crypto ETF focused on Bitcoin and Ethereum. If approved by March 2025, it will be the first of its kind in the U.S., offering low fees and diversification. #CryptoNews #ETF @Hashdex
Bitcoin Nashville kicks off today with key figures like Donald Trump and @CynthiaMLummis. Trump to deliver a “historic message,” while Lummis may push for Fed to hold Bitcoin. $BTC gains political traction. #Update #BitcoinNashville
On July 24, 2024, US spot Bitcoin ETFs saw a $44.51M inflow. Leading the surge, BlackRock’s IBIT fund attracted $65.99M, while Grayscale’s GBTC fund faced a $26.22M outflow. This highlights a shift in investor preferences within the crypto market. #BitcoinETFs #CryptoNews
Japan’s SBI Holdings partners with US investment firm Franklin Templeton to launch a Bitcoin ETF-focused investment company. With SBI holding a 51% stake, this move aligns with Japan’s anticipated easing of Bitcoin ETF regulations. #BitcoinETFs #CryptoMarket #FinanceNews
Coinbase liquidated a Chinese investor’s Bitcoin due to inactivity, transferring funds to Wyoming’s Unclaimed Property Division. This highlights the risks and importance of managing digital assets. “Not your keys, not your coin,” noted one commenter. Potential asset recovery is possible by proving identity. #Update
Senator Cynthia Lummis (@CynthiaMLummis) to propose a bill at Bitcoin 2024 requiring the Federal Reserve to hold Bitcoin as a strategic reserve asset. This historic move aims to strengthen U.S. financial reserves and boost cryptocurrency adoption. #Bitcoin #Update
Sen. Cynthia Lummis will propose legislation to designate Bitcoin as a strategic reserve asset at the Bitcoin 2024 conference. If passed, this bill could see the Federal Reserve holding Bitcoin, enhancing U.S. financial stability. #Bitcoin2024
