Ethereum
Bitwise Grows by Acquiring Europe’s Top Bitcoin ETP Provider, ETC Group
Bitwise broadens its international footprint with ETC Group buyout Bitwise Asset Management has taken a significant step towards expanding its international footprint by acquiring the London-based ETC Group, which is known for issuing Europe’s largest physical Bitcoin ETP (BTCE). This strategic purchase not only bolsters Bitwise’s standing in the global cryptocurrency market but also incorporates over a billion in assets under management into their portfolio.
“Bitcoin Landmark: 94% of Overall Supply Mined, Consequences for Scarcity and Market Dynamics”
Bitcoin’s dwindling supply and halving events Furthermore, as the influx of new bitcoins diminishes, competition among miners escalates. This heightened competition, along with the increasing challenges of mining, suggests that the cost of generating each new bitcoin is likely to ascend over time.
“Bitcoin Whales: Maneuvering the Dip – Acquiring or Releasing?”
Dynamics of Long-term Holders and Their Market Effects The upsurge in retail interest, particularly in Australia, is a promising indicator for Bitcoin’s long-term outlook. While it may not suffice to trigger a significant price rally independently, it contributes a layer of support that could help stabilize the market and lay a foundation for future growth.
₿trust Unveils Q3 Grants to Enhance Open-Source Bitcoin Development
₿trust’s mission and effect Upon submitting an application, it is subjected to a detailed review process by the ₿trust team. Those who succeed are not only technically proficient but also possess a clear vision for their contributions to the decentralization and fortification of the Bitcoin network.
“Increase in Institutional Investments in Bitcoin ETFs Indicates Positive Market Outlook, According to Coinbase”
Growth of Institutional Inflows to U.S. Spot Bitcoin ETFs in Q2 2024 This trend could be particularly significant for Australian investors. As institutional enthusiasm for Bitcoin ETFs increases in the U.S., it may hint at a wider acceptance of cryptocurrency assets within traditional financial markets.
“Transforming Decentralized Finance: Lava Loans Protocol v2 Launches DLC-Driven Bitcoin Secured Loans”
Overview of the Lava Protocol For individuals unfamiliar with the concept, DLCs function as smart contracts that resolve based on the occurrence of an event outside the Bitcoin protocol. This could range from Bitcoin’s price to the outcome of a sports match.
“75% of Bitcoin Has Stressed Inactivity for More Than 6 Months, Signaling Robust HODLing Assurance”
Market Dynamics and HODL Waves The prevalence of older coins—those retained for six months or more—implies that these stakeholders are not easily influenced by transient market shifts. Rather, they seem to retain their Bitcoin with hopes for future price surges.
South Korean Pension Fund Places Million Investment in MicroStrategy Stocks as Institutional Interest in Bitcoin Expands
Institutional Investment in MicroStrategy as a Bitcoin Proxy With MicroStrategy’s recent 10-for-1 stock split, the NPS’s stake now amounts to roughly 245,000 shares. This achievement is notable, as the NPS is the largest institutional investor in South Korea, overseeing assets exceeding 7 billion.
“Coinbase Explores Bitcoin DeFi, Ushering in a New Financial Age”
coinbase’s tactical entry into wrapped bitcoin Coinbase’s vested interest in Ethereum’s advancement has intensified since the implementation of its own rollup, BASE, which was introduced late last year. Although the decision to vie against BitGo’s established wrapped offering may have been postponed, the rich potential for earnings driven by the rising appetite for on-chain Bitcoin speculation likely plays a critical role in this move.
“SEC Approves First Leveraged MicroStrategy ETF: A Milestone for Cryptocurrency Investment”
Details on SEC Approval and Launch A pivotal risk tied to MSTX is its daily rebalancing process. Leveraged ETFs are created to reach their declared leverage ratio daily, potentially leading to significant performance discrepancies over extended periods. For example, if MicroStrategy’s stock experiences erratic movements, the compounding consequences of daily rebalancing might yield returns that diverge significantly from the anticipated 175% of the stock’s performance over time.