🏦 Crypto advocacy platform founder Paul Brigner becomes head of Coinbase Institute

Paul Brigner has joined the crypto exchange Coinbase as head of Coinbase Institute. "At Coinbase, I will have the chance to expand the Institute’s scope, driving thought leadership through research and close collaboration with a diverse technology policy community, including industry partners, think tanks, academic institutions, trade associations, advocacy organizations, and more," Brigner wrote on the social media platform X.

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@TradeCryptoNow

💰 US spot bitcoin ETFs see $300 million inflows on seventh consecutive day of positive flows

The 11 spot bitcoin exchange-traded funds in the U.S. reported a daily net inflow of $301 million, extending its positive streak to a seventh consecutive day. BlackRock’s IBIT, the biggest spot bitcoin ETF by net asset value, recorded the largest net inflows of the day with $117.25 million, according to SoSoValue data. The fund was also the most traded bitcoin ETF on Monday, with a volume of $1.24 billion. Ark Invest and 21Shares’ ARKB closely followed with net inflows of $117.19 million.

Source

@TradeCryptoNow

🪙 SEC has given ‘preliminary approval’ to at least 3 ETH ETF issuers

BlackRock, Franklin Templeton, and VanEck have reportedly received preliminary approval from the US securities regulator.

🤝 @Cryptocurrency_Inside ✅

🪙 Bitwise CIO predicts Ethereum ETF inflows will push ether prices to all-time highs above $5,000

Matt Hougan, Chief Investment Officer at crypto asset manager Bitwise, said spot Ethereum exchange-traded fund inflows could have a bigger impact on ether upon launch than the equivalent products did for bitcoin. He said he expected the first few weeks once the Ethereum ETFs go live to be “choppy” for the second largest cryptocurrency by market cap as funds potentially flow out of the $11 billion Grayscale Ethereum Trust (ETHE) after its conversion to a spot ETF.

Source

@TradeCryptoNow

💰 US spot bitcoin ETFs post ninth consecutive day of net inflows

The 11 U.S. spot bitcoin exchange-traded funds saw $53.35 million in total daily net inflows on Wednesday, extending the positive streak to its ninth day. However, Wednesday’s net inflows were significantly lower than Tuesday’s $422 million. The largest spot bitcoin ETF in terms of net asset value saw $1.21 billion worth of trade volume on Wednesday. The only other fund that posted net inflows was Fidelity’s FBTC, which reported $2.83 million.

Source

@TradeCryptoNow

🪙 Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23

The Chicago Board Options Exchange (Cboe) issued listing notifications for five new spot Ethereum exchange-traded funds (ETFs) scheduled to begin trading on July 23 — confirming reports from earlier in the week. The notifications clarify that the funds are pending final regulatory approval. The five ETFs are 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH, and VanEck’s ETHV.

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@TradeCryptoNow

💰 Bitcoin Now In French Pension Plans!

VanEck has partnered with Inter Invest to introduce Bitcoin to French pension savings plans through an innovative Exchange Traded Note (ETN). This groundbreaking collaboration marks the first time French pension investors can gain exposure to digital assets in a regulated and secure manner. The product, the $407 million VanEck Bitcoin ETN (VBTC), provides a new way to include Bitcoin in retirement portfolios, offering transparency, security, and diversification.

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@TradeCryptoNow

🪙 DOGE open interest up 19% amid price 'breaking out' to monthly high

Traders are ramping up their positions on Dogecoin as its price "breaks out," reaching its highest monthly level on July 20. However, not all are convinced that the bullish pattern is confirmed just yet. “DOGE is breaking out and looks primed for an aggressive up move,” pseudonymous crypto trader Shelby wrote in a July 20 X post. They reiterated that Doge’s price breaking out has previously been “a catalyst” for other altcoins to follow, including Floki (FLOKI) and Shiba Inu, which have increased 37% and 3.89% respectively, according to CoinMarketCap data.

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@TradeCryptoNow

🪙 Spot Ethereum ETFs get final sign off to begin trading Tuesday

Some spot Ethereum exchange-traded funds have received the go-ahead and can begin trading on Tuesday, following weeks of back-and-forth on edits to registration statements. The U.S. Securities and Exchange Commission allowed registration forms from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck and Invesco Galaxy to go effective as of Monday afternoon. Registration forms for the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust also went effective on Monday.

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@TradeCryptoNow

🏦 Mt. Gox creditors start receiving bitcoin and bitcoin cash on Kraken

Creditors of the collapsed crypto exchange Mt. Gox have begun receiving bitcoin and bitcoin cash transfers on the crypto exchange Kraken, according to a Telegram group of Mt. Gox creditors. The Block also confirmed one payout with a source. The payout comes after Kraken received 48,641 BTC, valued at over $3 billion, from the Mt. Gox Rehabilitation Trustee on July 16 to disseminate to creditors, The Block previously reported. The exchange expected creditors to retrieve their funds within one to two weeks.

Source

@TradeCryptoNow

💰 VanEck predicts Bitcoin could hit $2.9 million by 2050 in ‘base case scenario’

VanEck outlined an ambitious scenario in which Bitcoin (BTC) could reach a staggering $2.9 million per coin by 2050 under a “base case scenario” in its latest research report. According to the report — authored by the firm’s head of digital assets, Matthew Sigel, and senior investment analyst Patrick Bush — the projected valuation hinges on Bitcoin’s adoption as a global medium of exchange and a reserve asset, which could potentially revolutionize the international financial system.

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@TradeCryptoNow

📊 Bitcoin and Ethereum plunge after US tech sell-off, sparking $300 million in losses

The crypto market declined by around 5% in the last 24 hours, aligning with a significant drop in major US stock shares, which sent global markets downward. Bitcoin’s price fell almost 3%, falling from $67,000 to around $64,000, while Ethereum experienced an even steeper decline, dropping nearly 8% from $3,400 to about $3,100.

Source

@TradeCryptoNow

💰 ETF issuer Jan VanEck has ‘way over 30% of his portfolio in Bitcoin’

On stage at the Bitcoin Conference 2024 today, Jan van Eck announced that way over 30% of his portfolio is in Bitcoin. Van Eck, CEO of the investment management firm VanEck, frequently compares Bitcoin to gold, viewing it as “digital gold” and a potential store of value. In an environment where global monetary stimulus erodes purchasing power, van Eck suggests that Bitcoin could outperform traditional currencies. Furthermore, he emphasizes Bitcoin’s role as an uncorrelated asset in investment portfolios, offering diversification benefits.

Source

@TradeCryptoNow

💰 Sleeping Bitcoin Wallet From 2017 Moves 121.63 BTC Worth $8.25M After 7 Years

Bitcoin blockchain parser identified a transfer from a 2017 address, moving 121.63 BTC for the first time in seven years and three months. The Pay-to-Public-Key-Hash (P2PKH) legacy wallet was initially created on April 9, 2017, when bitcoin (BTC) was priced at $1,187 per unit, translating to a 5,617.94% increase from $144,374.81 to over $8.25 million today.

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@TradeCryptoNow

💰 Over 35k BTC added to exchange balances in 2 weeks

Between July 15 and July 28, the total amount of BTC held on exchange addresses increased significantly, with over 35,000 new BTC added to exchange balances. Data from Glassnode showed exchange balances starting at 3,000,466 BTC in July and peaking at 3,046,600 BTC on July 17 before settling at 3,035,711 on July 28. This represents a significant increase, especially given the general trend of decreasing exchange balances in the past year.

Source

@TradeCryptoNow

🪙 QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin

Ethereum is anticipated to experience significantly larger price swings than bitcoin in the future, as reflected in the higher options volatility premium for the second-largest asset by market capitalization. "The volatility premium of Ethereum to bitcoin has widened to about 8% for the longer tenor expiries, up from 4% last week," QCP Capital analysts said. QCP Capital analysts also expressed a preference for accumulating Ethereum, noting its cost-effective spot price when considering the rise in the asset's implied volatility.

Source

@TradeCryptoNow

🪙 Ethereum sees first monthly consecutive losses since August 2023 amid new ETFs

As July comes to a close, Bitcoin has finished approximately 6% higher, hovering around $66,000, nearly offsetting June’s 7% drop. In 2024, Bitcoin experienced five positive months and two negative ones. Looking ahead to August, Bitcoin has historically averaged a 2.7% gain since 2013, though it has fallen between 11% and 13% in the past two years.

Source

@TradeCryptoNow

💰 Ripple invests $10 million in tokenized US T-bills through OpenEden

Ripple has announced a $10 million investment in tokenized US Treasury bills (T-bills) through OpenEden, a tokenization platform expanding to the XRP Ledger (XRPL), according to an August 1 statement. This investment is part of a larger fund Ripple plans to allocate to tokenized T-bills from OpenEden and other yet-to-be-named issuers. Ripple has not disclosed the fund’s total size and has not yet responded to CryptoSlate’s request for further details as of press time.

Source

@TradeCryptoNow