💰 US-listed Bitcoin miners hit record $22.8 billion market cap amid stock surge

Publically traded Bitcoin mining companies in the US briefly reached a combined market cap of $22.8 billion on June 15 amid a surge in their stock price during June. According to a recent analysis by JP Morgan, the growth is driven by an increase in network hashrate share and diversification into artificial intelligence (AI) data center ventures.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Bitwise discloses $2.5 million seed investment in latest amended filing for its spot Ethereum ETF

Bitwise updated its registration form for its spot Ethereum exchange-traded fund as the asset management firm, among others, waits for the go-ahead from the U.S. Securities and Exchange Commission to list and trade those products. Bitwise included some new details in its updated S-1 form for the Bitwise Ethereum ETF, including language about a $2.5 million seed investment.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin OTC balances spike by 62,000 BTC in 30 days, highest since 2021

Bitcoin's OTC desk balances surge to levels unseen since the FTX collapse, market watchers are alarmed. Historically, this scenario has preceded significant price movements, either signaling a local top or indicating smart money is cashing out. The data reveals a startling addition of 85,000 BTC recently, juxtaposed with a miner sell-off reaching record highs. How does this intricate dance of market forces shape Bitcoin's trajectory from here? Dive into the full analysis on Alpha.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 3iq applies to launch Solana ETP in Canada

Investment firm 3iQ has applied to launch the first Solana exchange-traded product (ETP) in Canada. The proposed ETP, called Solana Fund, would offer Canadian investors exposure to SOL without requiring them to use hot wallets or other blockchain-related technology, 3iQ said Thursday in a statement. The fund, if approved, would launch on the Toronto Stock Exchange under the ticker QSOL.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Asset management giant Fidelity discloses $4.7 million seed investment in Ethereum ETF: SEC filing

Asset management behemoth Fidelity disclosed a $4.7 million seed investment in its latest amended filing for its spot Ethereum exchange-traded fund. FMR Capital, Inc., an affiliate of Fidelity, bought one share for $40 in late May. Later, on June 4, FMR bought 125,000 shares at a share price of close to $38, Fidelity said in its amended registration form filed on Friday. A mention of fees was absent in Fidelity's form, echoing previous statements released by other spot Ether ETF issuers.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin Will Soar Thanks to Failing Japanese Banks, Says Arthur Hayes

BitMEX co-founder Arthur Hayes says the Japanese banking system is in dire straits, and that the consequences will only send Bitcoin and crypto markets higher. Much like U.S. banks in March of 2023, Hayes argued on Thursday that Japanese banks will soon need a massive bailout due to the deeply underwater U.S. government bonds on their balance sheet.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Mt. Gox to begin Bitcoin repayments to creditors in July 2024 spooking market

Mt. Gox, the bankrupt Japanese crypto exchange, will repay creditors’ Bitcoin and Bitcoin Cash assets starting July 2024. Following the announcement, the market sold off, with Bitcoin dipping below $61,000. Further, the trustee assured that the defunct exchange had “taken time to ensure safe and reliable repayment to creditors, including technical remedies for safe repayments, compliance with financial regulations in each country, and discussion of repayment arrangements with the cryptocurrency exchanges.”.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

The bitcoin (BTC) mining sector is attracting a wave of investor interest following Core Scientific's (CORZ) deal with artificial intelligence (AI) company CoreWeave, JPMorgan (JPM) said in a research report on Monday. The bank notes that the total market cap of the 14 miners it tracks has grown by 22%, or $4 billion, since the announcement, versus a 7% drop for bitcoin and a 3% increase for the S&P 500 stock index.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Germany intensifies Bitcoin sell-off before 5% rebound in market rally

The German government is intensifying its divestment of Bitcoin seized from a movie piracy website, adding selling pressure to an already jittery market. According to Arkham Intelligence data, the government transferred 900 BTC, valued at over $54 million, in three transactions on June 25. Of these, 200 BTC were moved to the Coinbase exchange, another 200 BTC to the Kraken exchange, and the remaining amount to an unmarked wallet, “139Po.”

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin-focused Metaplanet sets up subsidiary in British Virgin Islands

Bitcoin bull Metaplanet has established a new subsidiary, Metaplanet Capital Limited, to enhance its Bitcoin management and expand into new regions. The subsidiary will be focused on managing the Tokyo stock exchange-listed firm’s Bitcoin holdings and strengthening its BTC-only strategy. Additionally, the firm would seek to capitalize on international growth opportunities that would aid Metaplanet’s global expansion.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💡💡💡: Julien Assange received just over 8 #Bitcoin    worth $500k in a single anonymous donation to cover his debt.

Bitcoiners love to see Assange free 🙌

🤝 @Cryptocurrency_Inside ✅
More News on X

💰 STHs faced substantial losses as Bitcoin briefly fell below $60k

Over the weekend, Bitcoin saw a dramatic drop below $60,000, sparking over $537 million in realized losses predominantly from short-term holders (STHs). This sell-off highlights the volatility and reactive behavior of these market participants, with $441 million of these losses coming from those who had held BTC for a month or less. As the market turmoil unfolded, key on-chain metrics revealed a steep decline in the percentage of STH supply in profit.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🔵 BloFin believes spot Ethereum ETFs will drive short-term surge in ETH prices

Crypto exchange BloFin believes the imminent launch of spot Ethereum exchange-traded funds (ETFs) in the US will drive a short-term surge in ETH prices as investors shift their attention from Bitcoin to the second-largest crypto asset by market capitalization, according to a June 26 research note shared with CryptoSlate. The exchange, citing various data points such as options skewness, portfolio adjustments, and whale holdings, noted that the ETFs’ launch would likely boost Ethereum’s short-term price.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Marathon Digital expands into altcoin mining to diversify revenue streams post-Bitcoin halving

Marathon Digital, the largest public Bitcoin miner by market cap, announced late Wednesday it had expanded into altcoin mining to diversify its revenue streams following Bitcoin's latest halving event. The altcoin in question is Kaspa, with Marathon deploying its first Kaspa application-specific integrated circuit (ASIC) miners in September 2023. In total, Marathon said it has purchased around 60 PH/s of Antminer KS3, KS5 and KS5 Pro ASICs from manufacturer Bitmain, each of which it claims can generate up to 95% profit margins given the current network difficulty rate and price of KAS.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Galaxy Digital sees up to $7.5 billion flowing into ETH ETFs within first five months

Galaxy Digital said exchange-traded funds tracking Ethereum’s native token, could become a multi-billion market opportunity soon after approval. The U.S. Securities and Exchange Commission recently changed course to accelerate the approval of these funds, with some analysts predicting the first ETH ETFs approvals could come in next week. The SEC has yet to approve the crucial S-1 filings needed for the funds to hit the market.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Solana outperforms major crypto tokens this week due to multiple catalysts: Coinbase

Solana has outperformed its peers this week, rising 9% over the past seven days, while bitcoin and ether have declined by over 4% and 2%, respectively, during the same period, according to The Block's price page. "This performance has been buoyed by a number of endogenous catalysts specific to the Solana ecosystem including major technological releases and VanEck’s filing of the first spot Solana ETF in the U.S.," Coinbase analysts David Duong and David Han said.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading