? In the first week of July 2024, 22 crypto projects secured $620.5M in investments! Leading the charge, @iris_energy raised $413.4M by selling 39.8M shares. Notable mentions: Sentient AI ($85M) and Lombard Bitcoin restaking ($16M). #Crypto #Update
WienerAI ($WAI) has raised $7M in just three months, offering crypto trading insights via an AI bot. Priced at $0.000725, it boasts a 160% APY from staking, with 6.4B tokens staked. SolidProof audit adds security. #Update
Northern Data, backed by @Tether_to, faces fraud allegations from ex-directors amid US IPO plans. Whistleblowers claim financial misconduct and tax evasion. KPMG raised liquidity concerns. IPO could value AI/data center biz at $10B-$16B. #CryptoNews
Bitget has launched an OTC trading platform for institutional investors and pro traders, supporting USD, EUR, and GBP. It features multi-party computation for security, no asset storage, and 24/7 support. Min trade size $100K, no max limit. #CryptoNews #Update
US Bitcoin ETFs saw $20.45M outflows on July 3, 2024, marking the second consecutive day of withdrawals. Grayscale’s $GBTC fund lost $27M, while Fidelity’s $FBTC gained $6.55M. Similar trends in Hong Kong signal a potential shift in global sentiment. #Update
Bitwise filed an amended S-1 for its Ethereum ETF ahead of the July 8 deadline. Analysts expect listing within two weeks and potential SEC approval by next week. The ETF includes a sponsor fee waiver for the first $500M, mirroring VanEck’s strategy. #EthereumETF #Update
Lombard, a Bitcoin restaking protocol, has raised $16M in seed funding led by @PolychainCap. The funds will develop Lombard’s ecosystem and their new token, LBTC, enabling Bitcoin’s integration into Web3 and DeFi. Partnerships with @bitgetglobal, @Bybit_Official, @okx, and HTX will enhance liquidity. #Update
Grayscale’s converted ETF, GBTC, saw outflows of $32M, lowering its AUM below $17B. Meanwhile, BlackRock’s IBIT ETF gained $14M, boosting AUM to over $19B. This highlights the cryptocurrency market’s volatility. #Update #CryptoNews
Over 50% of top US hedge funds have invested in Bitcoin ETFs, with Millennium Management holding 27,263 BTC worth $1.65B. In 2024, 600+ companies invested $3.5B in Bitcoin ETFs, signaling growing institutional confidence in cryptocurrency. #Bitcoin #Update
Northern Data AG explores IPO for AI units Taiga & Ardent, valuing them at $10B-$16B. Following a 19% share price surge to €30.6, they secured a €575M credit deal with Tether. Potential NASDAQ listing could impact crypto & AI sectors. #Update #AI #Crypto
? SCRYPT CEO Norman Wooding predicts $ETH could exceed $4,000 if the SEC approves spot Ether ETFs by Q3 2024. Approval might drive $5B in net inflows, enhancing liquidity and staking yields. #Ethereum #Update
Sentient AI secures $85M in seed funding led by @PanteraCapital and @FoundersFund, joined by 12 firms including Ethereal Ventures. Aiming to democratize AI, Sentient plans a test network launch in Q3 2024 and team expansion. #AI #Update
Ethereum spot ETFs could see $5B in inflows in the first 6 months, boosting AUM to $15B. Experts say $ETH could rise 20%-55% if the ETH/BTC ratio normalizes. Predictions include $ETH surpassing $6500 by end of 2024. #cryptonews
Source: Gemini, Galaxy Digital, Steno Research
Crypto mining stocks like Hut 8 and Bitfarms have surged, with returns of 86% and 34%, respectively, post-Bitcoin’s halving, while BTC dropped 3.62%. Analysts highlight the importance of infrastructure and scale in mining. #Crypto #Update
