Day: August 2, 2024

Bitcoin and Ethereum ETFs see first joint positive inflows since Ether ETF launch

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Spot Bitcoin and Ethereum exchange-traded funds in the United States saw joint positive inflows for the first time on Aug. 1 since the launch of the nine spot Ether ETFs on July 23. Bitcoin ETFs see $50.6m in inflows According to data from Farside Investors, the 11 spot Bitcoin ETFs recorded a net inflow of roughly $50.6 million on Aug. 1, led by Grayscale’s newly launched Grayscale Bitcoin Mini Trust, which alone recorded a substantial $191.1 million in inflows. Blackrock’s IBIT followed with a more modest inflow of $25.9 while…

Bitcoin.com’s First VERSE Airdrop Goes Live

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Active users of the Bitcoin.com Wallet app can now claim their VERSE tokens. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that the initial airdrop of Bitcoin.com’s ecosystem token VERSE is now live. As approved by the results of a community-led proposal, active Ethereum users of the Bitcoin.com Wallet app are now […] Original

XRP Price Won’t Skyrocket After Ripple-SEC Ruling: Crypto Pundit

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As the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) inches closer to a ruling on remedies – the final ruling on district court level – the crypto community is abuzz with speculation about the potential repercussions for the XRP price. Notably, Rachelle Renee, a popular crypto pundit, has voiced a dissenting perspective via X, arguing that the forthcoming Ripple-SEC ruling will not significantly impact the price of XRP, contrary to the expectations of many investors. How Will The XRP Price React? Renee’s analysis starts…

MicroStrategy seeks raising $2b to buy more Bitcoin

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MicroStrategy is seeking to raise $2 billion by selling its class A shares to buy more Bitcoin as well as repay debt. MicroStrategy, the world’s largest public Bitcoin (BTC) holder, filed a regulatory filing on Aug. 1, seeking to raise billions worth of capital to double down on its crypto strategy as Bitcoin shows no signs of slowing down. In the regulatory filing with the U.S. Securities and Exchange Commission, the Virginia-headquartered company said that it plans to raise $2 billion by selling its class A shares. While the exact…

Hong Kong’s Largest Online Broker Launches Retail Crypto Trading for 22 Million Users

Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through Futu’s platform. “We are actively working on expanding our crypto offerings in the near future,” the company said. Last month, […] Source CryptoX Portal

Bitcoin as a Strategic Reserve

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“And so as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future, we’ll keep 100%,” Trump said. “I hope you do well, please. This will serve, in effect, as the core of the strategic national bitcoin stockpile.” Original