JUST IN: 🟠 Billionaire investor Paul Tudor Jones has increased his fund's #Bitcoin holdings by 5x to $159.9 million through BlackRock's ETF - SEC filings
⏺Crypto_Focus🚀
NEW: 🇦🇷 Milei to dissolve Argentina's current tax collection agency, the AFIP, and replace it with a "simpler, more efficient, less costly and less bureaucratic structure" 👀
⏺Crypto_Focus🚀
LATEST: 🟠 If Bitcoin keeps tracking global M2 money supply, it could hit $90K by year-end 🤯
⏺Crypto_Focus🚀
NEW: 🟠 Polymarket bettors estimate a 60% chance that the HBO documentary will claim Len Sassaman is Satoshi Nakamoto 🤔
⏺Crypto_Focus🚀
NEW: 🟠 BlackRock continues to buy up #Bitcoin 👀
They now hold over 359,279 $BTC.
⏺Crypto_Focus🚀
ICYMI: 🟠 CleanSpark will acquire 7 additional #Bitcoin mining facilities in Tennessee for $27.5 million expecting to achieve 37 EH/s by EOY 🔥
⏺Crypto_News🚀
🟠 $5.5 TRILLION Fidelity says that Bitcoin could go as high as $1 BILLION by 2038 🚀
⏺Crypto_Focus🚀
Toncoin's market cap surged to $13.96 billion, reaching 1.1 million daily users, despite facing a sharp 25% drop following Telegram CEO Pavel Durov's arrest in France.
The event has raised concerns about market volatility, though some indicators suggest a potential rebound for $TON.
⏺Crypto_Focus🚀
NEW: 🇭🇰 Hong Kong ETF issuers are calling on South Korea to approve #Bitcoin ETFs 🇰🇷
When, not if.
⏺Crypto_Focus🚀
🪙 Ethereum Fees Plummet—Etherscan Adds Decimals to Keep Up With Gas Drop
🆗 Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei.
⏺Crypto_Focus🚀
💰 US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.
⏺Crypto_Focus🚀
NEW: 🇺🇸 18% of U.S. citizens are millionaires. If you exclude primary residence, that number drops to 2% 👀
Homes shouldn’t have to be a Store of Value (SoV).
Bitcoin solves this by absorbing the price premium assets such as houses currently have due to people buying them EXCLUSIVELY to protect their money from being printed away.
⏺Crypto_Focus🚀
"Four years ago today, MicroStrategy adopted #Bitcoin as its primary treasury reserve asset; since then $MSTR has outperformed 499 of 500 stocks in the S&P 500."
By Michael Saylor
⏺Crypto_Focus🚀
JUST IN: 🇯🇵 Metaplanet secures ¥1 billion 0.1% APR loan; proceeds to fund additional purchases of $BTC 🙌
⏺Crypto_Whales🚀
Crypto Speak: TPS
In the fast-paced world of cryptocurrencies, speed matters! Transactions Per Second (TPS) measures a blockchain network's ability to process transactions quickly, making it a crucial metric for scalability and efficiency.
For instance, Bitcoin can handle only 3-7 transactions per second due to its Proof of Work consensus mechanism. In contrast, Ethereum processes 15-30 transactions per second using Proof of Stake. Newer blockchain platforms like Ripple boast even higher TPS rates.
Improving TPS is a top priority for developers as it directly impacts network performance, fees, and adoption. Strategies to enhance transaction speeds include optimizing network performance, implementing layer 2 scaling solutions, and exploring new consensus mechanisms. As the crypto space continues to evolve, the race for TPS is on!
⏺Crypto_Whales🚀
JUST IN: 🇺🇸 Goldman Sachs just disclosed owning $710 MILLION #Bitcoin through ETFs - SEC fillings
This is via 13F filings which is what institutions file to the SEC to disclose what they are holding for their clients.
Effectively #Bitcoin is in demand everywhere and Goldman has no choice but to execute or lose their wealth management customers.
Context by Willy Woo
⏺Crypto_Focus🚀
2024: 🟠 Bitcoin retains top spot as best-performing asset in 2024, according to New York Digital Investment Group 🦾
⏺Crypto_Focus🚀
JUST IN: 🟠 PayPal now enables business accounts to buy, hold and sell #Bitcoin and crypto 👀
⏺Crypto_Focus🚀
JUST IN: 🇧🇹 The Kingdom of Bhutan now owns 13,011 Bitcoin worth $780 Million 🙌
Game theory in play!
⏺Crypto_Focus🚀
🇩🇪 German parliament member Joana Cotar said "it is very important" that more german parliament members understand #Bitcoin.
Germany selling 50k #BTC "was something very, very upsetting." 👀
⏺Crypto_Focus🚀
🇺🇸 Bitcoin usually pumps after US presidential elections 👀
Are you ready for it anon?
⏺Crypto_Focus🚀
🪙 Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January
💥 Over the past seven months, data from cryptoquant reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan 1.
⏺Crypto_Focus🚀
JUST IN: 🇩🇪 German authorities seize 13 Bitcoin ATMs and nearly €25 million in cash in a crackdown on operators allegedly violating KYC/AML laws❗️
⏺Crypto_Focus🚀
In six months, cryptocurrency hackers stole $1.58 billion worth of cryptocurrency.😮
✔️For the most part, this amount is due to the growth of rates. The number of hacks increased by only 2.76%.
✔️At the same time, crypto criminals are increasingly targeting centralized exchanges with higher potential “income” compared to DeFi platforms.
✔️Ransomware is also called a growing threat. The total amount of ransoms paid this year reached $459.8 million.
⏺Crypto_Focus🚀
JUST IN: 🏛Morgan Stanley reports owning 5.5 million shares in BlackRock spot #Bitcoin ETF as of June 30 in SEC filing❗️
Morgan Stanley is now a top 5 holder of BlackRock's Bitcoin ETF 👀
⏺Crypto_Focus🚀
NEW: 🇺🇸 City of Santa Monica, California, launches its website for its official Bitcoin Office 🙌
⏺Crypto_Focus🚀
#Bybit crypto exchange will stop offering its services in 🇫🇷 #France due to MiCA regulation.
⏺Crypto_whales🚀
🪙Crypto market saw a $500 billion sell-off since August 2 due to weak jobs data and recession fears.
💰$BTC: $54,048 | 24H: -10.94 🔽
💰$ETH: $2,323 | 24H: -20.14 🔽
💰$SOL: $129.69 | 24H: -11.20🔽
💰$TON: $5.38 | 24H: -10.68 🔽
⏺Crypto_whales🚀
💰VanEck on their website predicts that Bitcoin could reach $2.9 million by 2050.
⏺Crypto_whales🚀