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
Network3 secures $5.5M in pre-seed and seed funding from investors like Borderless Capital and EV3 to expand its team and develop new mining hardware. The firm operates 240,000 nodes globally with its decentralized AI infrastructure, Edge AI. #Crypto #Update
Caldera, a Rollup-as-a-Service platform, raises $15M in Series A led by @FoundersFund, with @dragonfly_cap, @sequoia, Arkstream, and Lattice. Funds will develop Metalayer to unify L2 and L3 ecosystems, aiding over 50 projects on Optimism, ZKsync, Arbitrum, and Polygon. #Update
Polymarket partners with MoonPay, enabling bank transfers and credit card funding for crypto bets. This simplifies the betting process and introduces additional crypto assets, boosting engagement amid the U.S. presidential election. #Update #CryptoNews
Ripple’s $XRP surged 6% to $0.6378 amid ETF hopes. Ripple CEO @bgarlinghouse hinted at a possible XRP ETF, potentially involving BlackRock. XRP’s golden cross pattern suggests further price rises. #Update
Backed and @LiskHQ partner to boost real-world asset adoption in emerging markets. Leveraging @Backed’s RWA expertise and Lisk’s $LSK blockchain tech, the collaboration includes up to $100K grants for African entrepreneurs. #Update
Solana’s price rose as @FTI_US plans a Solana ETF, following Ethereum’s approvals. Solana ($SOL) is near a resistance of $188.8, with potential to hit $210. Major firms like @BlackRock and @InvescoUS may also seek ETF approvals. #Update
AI startup Cohere raises $500M from @Cisco, @AMD, and others, boosting its valuation to $5.5B. The funding, led by PSP Investments, will enhance Cohere’s team and AI solutions for businesses like Oracle and Notion Labs. #AI #TechNews #Update
Spot $ETH ETFs launched on July 23, hitting $1.1B in first-day trading. BlackRock’s $ETHA accounted for 25% of $IBIT’s volume. Despite high activity, $ETH dipped 1%. Analysts foresee a rally if $ETH breaks $3,730. This could challenge $BTC’s dominance. #CryptoNews
Swan Bitcoin (@SwanBitcoin) halts its Bitcoin mining operations and cancels IPO plans due to lack of near-term profits, announces CEO Cory Klippsten. The firm will also cut staff and focus on sustainable growth. This marks a significant shift in the crypto industry. #Update
Igloo, Inc., known for Pudgy Penguins NFTs, secured $11M led by Peter Thiel’s Founders Fund to build Abstract, a user-friendly Ethereum Layer 2 blockchain. The project aims to integrate digital ownership into daily life using zero-knowledge proof tech. #Update
Peter Schiff warns of a new threat to $BTC as Spot $ETH ETFs begin trading in the U.S., potentially shifting market dynamics. Rapid uptake noted with $461M trading volume in the first 90 minutes. BTC at $66K (down 2%), ETH at $3,412 (down 1.4%). #crypto
Bitwise (@BitwiseInvest) launched the first U.S. spot $ETH ETF, revealing Ethereum addresses and ENS names for transparency. Trading volume hit $361M within 90 minutes. This sets a new standard for ETF transparency. #CryptoNews
