“Republicans understand the appeal of crypto and support congressional action to establish clear and predictable rules,” Katie Biber, Paradigm’s chief legal officer, and Alex Grieve, the company’s government affairs lead, wrote in an analysis of the data. Source
CoinspeakerSpot Bitcoin ETFs See 3rd Consecutive Days of Inflow Streak, Reaching $216M Yesterday The US spot Bitcoin exchange-traded funds (ETFs) market is attracting renewed interest from institutional investors. On July 9, 2024, the market recorded a substantial $216.33 million in net inflows, marking the third straight day of positive inflows amid the potential shift in investor sentiment. According to data from SoSo Value, BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with an impressive $121.03 million. Fidelity Digital Assets’ Wise Origin Bitcoin Fund (FBTC) followed closely, drawing $90.95 million in…
Phillip Angell is Head of FOI Complaints and Appeals The fundamental right to ask questions of and hold public authorities to account is a cornerstone of our democracy. Every day our lives are enhanced by the release of information that empowers us to make informed choices. Take restaurant hygiene ratings or car make and model MOT test failure rates – these were once kept from the public but are now proactively published, enabling people to make informed decisions. As regulator of the Freedom of Information Act 2000 (FOIA), our role…
The launch of ForecastEx, a prediction exchange specializing in economic and climate events, has been postponed until later in the summer due to administrative issues, according to Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. ForecastEx Market Designations Approved ForecastEx, a wholly-owned subsidiary of Interactive Brokers Group, has received the required designations from the Commodity Futures Trading Commission (CFTC) to operate as a contract market and derivative clearing organization. The exchange was originally planned to begin operations on Monday, July 8, 2024. Steve Sanders informed Traders Magazine…
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again […] Original
Bitcoin miners have secured large amounts of power supply, and today control about 6 gigawatts (GW) of power access with a pipeline of up to 12 GW by 2027, the report noted. The miners have a lead in the “large load power interconnect queue” and therefore can help potential partners save time in securing energy supplies. Original
While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a “boogeyman.” Via X, Kling listed eight reasons to be bullish on Bitcoin. He stated: “NFA. I’m wrong often. The current “bearish” backdrop seems easier to look through and buy than most of the boogeymen we’ve had in these markets over the last 6 years.” #1 Rapid Bitcoin Liquidations By Germany Travis Kling observes…
Funding rates in perpetual futures tied to TIA are most negative since January, indicating a bias for shorts or bearish bets. Source
BlackRock’s iShares Bitcoin Trust (IBIT) now holds over $18 billion in Bitcoin (BTC) as inflows continue into the ETFs. According to data provided by Farside Investors, spot BTC ETFs saw $216.4 million in inflows on Tuesday, recording their third day of consecutive inflows. The total amount of inflows currently stands at $15.2 billion. Data shows that the IBIT ETF saw $121 million in inflows on July 9 — helping the investment product surpass a total market cap of $18.04 billion. Interestingly, BlackRock’s spot BTC ETF witnessed only one day of…
The United States Senate Committee on Armed Services recently recommended exploring Blockchain usage to enhance the country’s national security. The Committee issued a report directing the Department of Defense (DoD) to consider the emerging technology and test its potential applications within the defense sector. US Senate Military Committee Calls For Blockchain Development The US Military Senate Committee issued the National Defense Authorization Act (NDAA) for the fiscal year 2025. In the report, the committee authorized next year’s appropriations for military activities of the Department of Defense and military construction. The…