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Recent data shows continued investor interest in US-based spot Bitcoin exchange-traded funds (ETFs), even after outflows earlier in August.
According to data from SoSoValue, total weekly net inflow for spot Bitcoin ETFs reached $32.58M on Aug 16, reversing previous outflows. Grayscale Bitcoin Trust (GBTC) saw $72.9M outflow, but other ETFs had inflows.
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📣 Franklin Templeton files S-1 for new crypto index ETF
Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.
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JUST IN: 🇰🇷 The world’s 3rd-largest public pension fund, South Korea’s NPS, has bought $34M in MicroStrategy shares 🙌
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💤 A long-dormant address holding 174 $BTC, now valued at $10.17 million, has just been reactivated after 10.6 years. Back in 2014, it was worth just $142,600.
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🧐 Institutional interest in Bitcoin seems to be decreasing at its current price of $58,000, as stablecoin inflows have dropped significantly over the past week.
Analyst Markus Thielen notes that while Tether remains active, USD Coin's (USDC) activity has notably quieted, indicating that institutions might be waiting for further price declines before re-entering the market.
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🇺🇸 Major financial firms buying Blackrock’s Bitcoin ETF as per recent fillings.
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📉 Bitcoin’s price fell further on August 15 as the U.S. government transferred 10,000 $BTC, worth $581 million, to Coinbase, heightening market selling pressure.
🇺🇸 Despite positive U.S. inflation data, Bitcoin remains under pressure due to this ongoing sell-off narrative. Analysts suggest that the sale itself isn’t fundamentally impactful, but bearish sentiment has intensified the market reaction.
Will we see a reversal soon?
🐳 - Hopefully!
🌚 - No way!
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💰 Two-thirds of institutional Bitcoin ETF holders held or bought more in Q2
44% of asset managers increased their Bitcoin ETF holdings, while 22% held their position, which was a “pretty good result,” according to Bitwise’s investment chief.
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🤝 MetaMask and Mastercard team up!
MetaMask announced they're launching a debit card that allows users to make payments directly from a self-custody wallet.
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🚨 JUST IN: July CPI inflation drops to 2.9% YoY, below expectations of 3.0%.
This is the first time inflation has fallen below 3.0% since March 2021, and the first rate cut since 2020 is expected next month.
Do you think this is a bullish sign? 🔥
👍 - YES
👎 - NO
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📈 A surge in stablecoin issuance, with over $2.5 billion minted by Tether and Circle recently, could trigger the next Bitcoin rally, according to 10x Research.
If this trend continues, it might provide the necessary momentum for Bitcoin to break above key resistance levels.
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❄️ Binance has announced the launch of Toncoin (TON) on its Launchpool, allowing users to stake BNB and FDUSD to farm TON tokens over a 20-day period starting August 15, 2024.
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💰 Over 1 million Bitcoin addresses now HODL 1 $BTC or more 🙌
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😎Binance Delists Cryptocurrencies
💰 Binance has announced the complete delisting of a number of cryptocurrencies:
✔️Monero (XMR)
✔️Bitcoin Gold (BTG)
✔️Bitshares (BTS)
💡On September 2, the exchange will automatically convert the balances of these cryptocurrencies into USDC.
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🇺🇸 JUST IN: Donald Trump returns to X with a campaign video, ahead of his live conversation with Elon Musk later today.
Do you think they’ll talk crypto?
👍 - YESSS
👎 - No
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JUST IN: 🟠 The IMF proposed an 85% energy tax hike for #Bitcoin miners, citing a potential 75% rise in energy consumption❗️
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The IMF has proposed introducing a tax on mining for air pollution. This could increase the price of electricity for cryptocurrency miners by 85%.🧐
According to the organization, direct taxes have pushed the industry to reduce carbon emissions. The tax rate could reach $0.089 per kilowatt-hour.
💲 According to IMF calculations, such a tax would increase annual government revenue worldwide by $5.2 billion.
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NEW: 🟠 VanEck predicts $325,000 #Bitcoin in the coming bull market 🚀
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💰 South Korea's National Pension Service, the world's third-largest public pension fund, has purchased $34 million worth of MicroStrategy shares, further increasing its exposure to Bitcoin.
The fund now holds significant stakes in other crypto-related companies, including Coinbase, Roblox, and Block.
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JUST IN: 💰 Financial Post says that institutional demand is continuing to grow for spot #Bitcoin ETFs 🚀
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💰 Yahoo Finance says #Bitcoin ETF holders have 'diamond hands.' 💎✋
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JUST IN: 💰 Goldman Sachs reveals a $419 million stake in Bitcoin ETFs per their latest 13F filing.
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💫Today Telegram celebrates its birthday. This messenger first became available in the AppStore in 2013, on August 14, when the iOS version was released.
•The idea of creating Telegram arose in 2011 with the goal of developing a universal and secure application for exchanging messages and files of various formats.
•11 years ago it was just a messenger. An attempt to make a second Whatsapp. Now Telegram is a platform that is used in work and daily communication by almost 1 billion people around the world.
•Over 11 years, Telegram has transformed, annually introducing various many convenient functions. And whatsapp remained an underdeveloped messenger.
🎂Happy Birthday, Telegram!
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🤯 This user of the Polymarket betting platform
earned about $1 million overnight by correctly guessing what words Donald Trump would or would not say during an interview with Elon Musk
Note that he only joined Polymarket in July 2024
It seems that the X's have moved from the crypto market to betting for now
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💰 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.
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JUST IN: 💰 Bitcoin back to $61K.
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🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.
He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season.
What’s your prediction for Solana’s price?
🌚 - $180
❤️ - $250
⚡️ - $350
🐳 - $500
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NEW: 🇺🇸 Vivek Ramaswamy predicts Kamala Harris will embrace the #Bitcoin and crypto industry
"I think that will be a good thing for the country... It should not be a partisan issue."
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JUST IN: 💰 Marathon Digital Holdings, world’s largest Bitcoin miner announces $250M raise to buy more Bitcoin.
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