BlackRock’s Bitcoin ETF, $IBIT, hits a record $18.5B AUM in just six months. On July 16, it added 4,005 BTC with a $260M inflow. Strong inflows have continued for eight consecutive days, pushing total Bitcoin ETF AUM to $16B. #Update #Bitcoin #Crypto
Spot Bitcoin ETFs have surged to $16.16B, outpacing estimates. Major players like @MillenniumMgmt, Apollo Global, and Susquehanna hold 17% of assets. Meanwhile, Grayscale Bitcoin Trust faces outflows due to high fees. #Update $BTC #CryptoNews
.@VitalikButerin calls out low investment in Web3 infrastructure, favoring niche, high-revenue projects like “casinos.” This trend hurts open-source startups vital for decentralization. He urges a shift in investment strategy for sustainable growth. #Web3
Bitcoin’s hashrate hit a post-halving low while its price climbed above $60K. Difficulty set to rise as 7-day average hashrate surpasses 600 EH/s. Despite low transaction fees, miners face challenges ahead. #Update #Bitcoin $BTC
Former Zero Edge CEO Richard Kim lost $3.7M in investor funds through risky cryptocurrency trades after the $7M seed round. Kim, an ex-JPMorgan and Goldman Sachs exec, resigned and reported his actions to the SEC, highlighting the risks in leveraged trading. #Crypto #Update
Bitcoin surged past $64,000 after $301M flowed into 11 U.S. spot Bitcoin ETFs, including @Fidelity’s FBTC ($36.15M) and Bitwise’s BITB ($15.24M). BlackRock CEO Larry Fink calls Bitcoin a “legitimate financial instrument.” #CryptoNews
US spot Bitcoin ETFs have seen inflows for 7 consecutive sessions, pushing total AUM above $16B. BlackRock’s $IBIT recorded $1.2B in trading volume, and Fidelity’s $FBTC saw $410M. CEO Larry Fink calls Bitcoin “digital gold,” boosting confidence. Institutional investors drive this trend. #Bitcoin
Spot Ethereum ETF launches on July 23, aligning with a major Bitcoin Conference in Nashville. SEC approval anticipated next week. This milestone signals broader acceptance among investors and hints at market stability. #CryptoNews
BlackRock CEO Larry Fink backs Bitcoin, calling it “digital gold” amid global economic challenges. He highlights its non-correlated returns and value during high inflation, with Bitcoin surpassing $73K this year. Fink now advocates for Bitcoin in diversified portfolios. #Update #Bitcoin #Finance
BlackRock CEO Larry Fink now sees Bitcoin as a “legitimate financial asset class,” likening it to “digital gold.” Fink plans to democratize Bitcoin, making it more accessible. BlackRock’s ETF filing marks a big institutional shift. #Update #Bitcoin
Ethereum ($ETH) has outperformed Bitcoin ($BTC) in the past two months. Analysts predict the upcoming Ethereum ETF could boost ETH’s market position, attracting $750M to $1B in monthly inflows. Meanwhile, $8.5B in BTC returned to Mt. Gox creditors might pressure Bitcoin’s price. #Update
Blockchain startups raised $150.9M, led by Partior’s $60M Series B to enhance global interbank settlements. Investors include @jpmorgan, @StanChart, and Temasek. RedStone Oracles secured $15M, and SendBlocks raised $8.2M for blockchain data management. #Update
? The past week saw a surge in #crypto investments! 15 projects secured $108.6M, led by @Partior_net with $60M. @RomeProtocol attracted $9M for Solana-based Layer 2 Ethereum networks. Investments reflect growing blockchain and DeFi interest. #Update #Blockchain #DeFi
SEC remains silent on spot Ethereum ETF approval, leaving market participants in suspense. $ETH holders and major players are accumulating in anticipation. Approval could attract $1B monthly and push $ETH past $3,200, potentially sparking a bull run to $4,000. #Ethereum #Update
