Arthur Hayes, co-founder of BitMEX, closed a $BTC short for a 3% profit. He predicts Bitcoin might rise next week if trends hold but sees potential declines until late September without US Treasury liquidity injections.
VanEck will close its $EFUT Ethereum Futures ETF by Sept 16, 2024, shifting focus to a spot Ethereum ETP. Investors will receive cash distributions on Sept 23. The move highlights changing investor preferences towards direct cryptocurrency investments.
19 crypto projects raised $52.9M in early September, with Hypernative securing $16M for AI Web3 security and Treble Technologies raising $12.16M for sound simulation. Puffpaw’s $6M funding for its Vape-to-Earn initiative highlights blockchain’s health applications.
Monochrome applies for Ethereum ETF (IETH) listing on Cboe Australia, aiming to offer regulated access to Ethereum investments for retail investors. This follows their successful Bitcoin ETF launch, signaling growing crypto acceptance in traditional finance.
US Federal Reserve orders United Texas Bank to cease crypto dealings over AML issues. Crypto ETF issuers face increased risks as hackers target custodial platforms, leading to concerns over market centralization and potential vulnerabilities.
Eric and Donald Trump Jr. launch World Liberty Financial, a crypto borrowing and lending service using code from Dough Finance. Focus includes potential real estate tokenization. Security concerns arise due to Dough Finance’s $1.8M hack in 2024.
Spot Bitcoin ETFs drive $50B in inflows, but SEC rejections and upcoming US elections could shape future regulations. Trump’s pro-crypto stance may boost sentiment, while Harris’s policies remain unclear. Grayscale judgment pivotal for Bitcoin ETF approval.
Donald Trump’s new crypto project, World Liberty Financial, will be built on $AAVE and $ETH, featuring a governance token WLFI with transfer restrictions. Similarities with compromised Dough Finance raise security concerns.
Corey Caplan, co-founder of DEX Dolomite, joins World Liberty Financial as an advisor for a real estate tokenization project led by Eric and Donald Trump Jr. The initiative aims to revolutionize real estate via blockchain technology.
$BTC ETFs in the U.S. saw a $175.67M outflow on Aug 30, doubling the previous day’s figure, marking four consecutive days of declines. $ETH ETFs remained stable, while Hong Kong ETFs had mixed movements in $BTC and $ETH. @CryptoMarketInsights
Crypto sector attracts over $184M in investments across 29 projects last week. Bridge leads with $58M for stablecoin platform, while Edge Matrix Chain and Space and Time secure $20M each for AI-integrated blockchain initiatives. @Sequoia @ParaFiCapital @Lemniscap
Bridge secures $58M from Sequoia Capital and Ribbit Capital to revolutionize stablecoin payments. Aiming to rival credit cards and Swift, the platform partners with SpaceX and Stellar, expanding globally with licenses in 48 U.S. states and Dubai.
Quai Network raises $5M to enhance blockchain scalability and user acquisition, totaling $15M in investment. Funds will expand the team and boost user initiatives, using its Proof-of-Entropy-Minima consensus mechanism to reach 50,000 TPS.
Ethereum ETFs attract $5.84M inflows as $BTC ETFs see $105.19M outflows on Aug 28, 2024. Hong Kong market shows no movements in both. Shifting investor sentiment may favor Ethereum’s DeFi and smart contract potential. @Ethereum @Bitcoin
