Crypto latest news for August 3, 2023:
Keywords: 💼 SEC, ⚡ LTC, 🛠️ KuCoin, 🔒 Binance
1. Source: SEC is preparing to consider approving Ethereum futures ETF. 💼📊
2. Bloomberg analyst: Increase the probability of passing the spot Bitcoin ETF to 65%. The key to the approval of the ETF is: if the court revokes the SEC’s veto and approves the applications of BlackRock and all 8 reporting companies at the same time, the application progress of the ETF will be smooth. 📊📈
3. Litecoin (LTC) has been halved, and the block reward has been reduced to 6.25LTC. Litecoin (LTC) drops to new monthly low after halving. ⚡🪙
4. KuCoin will suspend mining pool services from August 16. 🛠️⛏️
5. Report: The amount of funds invested in Bitcoin in 2023 will increase by 52.9% year-on-year. At the same time, at present, large financial institutions have a relatively high proportion of incremental investment. 💰🏦📈
6. Direxion, a well-known fund company, applied to the SEC to launch a Bitcoin and Ethereum strategy ETF. 💼📊
7. CZ: The number of registered Binance users reached 150 million. 💼👥
8. Worldcoin: Service in Kenya has been suspended. Previously, the Kenyan government had suspended operations of Worldcoin, an identity encryption protocol co-founded by OpenAI co-founder Sam Altman. 🛑🇰🇪
9. Encrypted KOL disclosed that the Token information named "X" appeared in the latest development version of X (Twitter). 🛠️🐦
10. WEEX, a derivatives exchange, plans to complete a new round of financing at a valuation of US$100 million, with FSN planning to lead the investment. 💰🚀
1. Herbert, who raised 400 million for a previous project, is involved.
2. Another spaces session is scheduled tonight with multiple OG Bitcoin whales.
3. 15 snipers who bought before 10k were blacklisted.
4. More key individuals are being onboarded.
5. A mystery guest will join at 10 million.
6. Around 20% of participants are blacklisted for buying below 10k, impacting the actual market capitalization.
7. Noodles mentioned that 100 million is in play.
8. x.com has a story involving many Cypherpunks who support it.
9. There are two x.com domains; one owned by Elon Musk and the other by the project owner, www.☓.com.
10. The domain was originally owned by Herbert Lim, an OG Bitcoin Whale.
11. The team aims to host 2 spaces sessions daily to cover different time zones.
12. Elon Musk's purchase of the X domain for 91 million dollars suggests his interest.
13. The team added 1.4 ETH into the liquidity pool (LP).
Link
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https://dexscreener.com/ethereum/0x60a8ea6005f7db580bc0c9341e7e6275d114e874
This will send hard 🚀🚀🚀
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Another share of more alpha to gain confidence in the project
Wrote by @Herbertrsim
For new people coming in, to be clear..
I sold the domain name to a buyer who is choosing to remain anonymous. He may choose to reveal himself in future.
He/she/they launched the project just yesterday.
That said, the project has quite a number of reputable backers.
Knowing that, I've also invested into $X myself.
Those who know me, my investment strategy is simple. I just HODL. 😏
The very same way I HODL Bitcoin, when I joined the industry in 2010, with CryptoChainUni.com (CCU) , world's first repository for compiling Blockchain research papers.
CCU used to be on xn--33h.com, because the target audience was fellow cypherpunks, computer geeks, scientists, academics.
Cypherpunk activism was the reason I joined Bitcoin in 2010. CypherpunkManifesto.com for more information.
I was formerly Global Operations Director at Huobi (2017-2018), part of the core team responsible for launching Huobi Token, which raised US$400million in 13seconds.
https://herbertrsim.com/speaking-blockchain-summit-2018-national-university-of-singapore/
https://blog.huobi.com/2018/03/09/huobi-sync-2018-singapore-blockchain-cryptocurrencies-innovation/
After I left, I focused back on TheBitcoinMan.com, a venture capital and accelerator focused on Futuristic & Transhumanism projects - Neurochip.com and GeneticsTechnology.com.
Attending crypto conferences across the world for the past decade, I am connected with all the OGs, whales, etc...
Feel free to look me up on Instagram.com/herbertrsim where you'll see photos of my crypto activities. 🤝🥂
📈 CME's encrypted options trading volume surged by 24% in July, continuing a 6-month streak of growth.
🚀 South Korean exchange Upbit outshined Coinbase and OKX, with a spot trading volume of $29.8 billion in July.
📊 ARK's report highlighted Bitcoin's 90-day volatility, reaching levels unseen since 2017.
📬 The US SEC gathered 52 public opinions on Bitcoin spot ETFs, and a whopping 85% expressed support for approval.
💰 Coinbase smashed expectations with a Q2 2023 revenue of $707.9 million, with Bitcoin contributing significantly.
💼 Analyst Tom Wan suggests the 11th largest BTC holder's address might belong to Tether.
💡 Michael Saylor envisions a Bitcoin spot ETF as a game-changer, benefiting the entire ecosystem.
💎 Fitch's U.S. credit rating downgrade is seen as reinforcing Bitcoin's status as a solid store of value.
🌐 Binance, Coinbase, and five other digital asset firms made it to the CNBC Global FinTech 200 list.
🛍️ Bloomberg's ETF analyst reported 11 Ethereum futures ETF applications, with a strong likelihood of approval.
🚀 YGG soared to 0.8 USDT, marking a whopping 38.72% increase in 24 hours.
💲 PayPal entered the stablecoin game with PYUSD. Tether's CTO remains unfazed by PayPal's entry.
🤖 US SEC Chairman warned about AI tech possibly triggering future financial crises, leading to a "herd" effect.
💼 Coinbase plans a $150 million repurchase of notes maturing in October 2031.
🌐 Patrick McHenry predicts that stablecoins will shape the 21st century's payment landscape.
🔍 Cathie Wood suggests that the SEC might approve multiple spot Bitcoin ETFs simultaneously.
💰 21e6 Capital revealed an 83% average return on BTC investment in the first half of the year.
💤 Bitfinex disclosed that 69.2% of BTC supply remained dormant for over a year, with 29.1% held for more than five years.
📊 CoinShares noted institutional investors ceased shorting Bitcoin after a three-month period.
📈 PayPal shares surged nearly 3% following the stablecoin launch. Bank of England pushes for a systemic stablecoin regime.
💼 Blockchain.com secured a major payment institution license from the Monetary Authority of Singapore.
🇨🇦 Coinbase makes a big move, entering the Canadian market officially.
💳 PayPal gears up to unveil a cryptocurrency center for select users. Experts speculate that even a 1% conversion to PYUSD could greatly impact Ethereum.
📈 Bitcoin futures open interest reaches its peak for 2023.
💱 Former U.S. OCC official suggests stablecoins can bolster the U.S. dollar's reserve currency status.
💼 Former U.S. President Trump holds around $250,000 worth of ETH.
🚀 SHIB rallies to an April-level high, hitting $0.00001095.
📊 Ether Capital's Q2 revenue hits $1.46 million, holding digital assets worth $118 million, marking a 61% increase in six months.
📉 Bitcoin Volatility Index hits a fresh low, with a 19.55% annualized 30-day volatility.
🔥 Reports indicate ChatGPT's daily burn rate at $700,000, potentially posing financial concerns for OpenAI.
💰 A massive whale transfers over 22,000 ETH to Binance, amounting to about $41.1 million.
🏦 Goldman Sachs predicts Federal Reserve's interest rate cuts in Q2 next year, at 25BP per quarter.
💹 Bernstein speculates that Bitcoin spot ETF approval could trigger a new crypto cycle, possibly growing to 50% of Bitcoin's market cap within a few years.
🔌 TeraWulf shines with a projection of 908 bitcoins in Q2 2023 and an expanding gross profit rate of 67%.
💳 MetaMask and Banxa unite forces, enabling users to use Apple Pay for cryptocurrency purchases.
🏢 Dubai's vision unfolds with plans to issue AI and Web3 business licenses.
📊 ARK Invest reportedly seeks approval for a fresh digital asset and blockchain-themed ETF.
🌊 Bitcoin's 30-day annualized volatility reaches a new low at 15.5%.
💰 SAND tokens make a splash, with 81 million of them flowing into exchanges.
🐳 A dormant BTC address awakens after over 12 years, gaining over 20,000 times in value, now worth around $29.75 million.
🚀 HPOS10I rockets up almost 30% in a day, securing the seventh spot among Meme coins by market value.
📄 Ark and 21Shares double down with three bitcoin futures ETF applications submitted in a week.
🇸🇮 Slovenia shines as the most crypto-enthusiastic country in Europe.
💼 a16z showcases its substantial crypto holdings, with UNI, COMP, and ETH valued at nearly $400 million.
📈 Coinbase's report underscores Bitcoin's appeal as a lucrative investment amidst global economic instability.
📣 Founder of Tianqiao Capital stresses the overdue launch of a Bitcoin ETF.
💼 Coinbase sets its sights on SEI trading, satisfying liquidity conditions.
📊 Santiment predicts a potential cryptocurrency market rebound in the coming weeks.
🚀 Volatility Shares gears up to introduce Ethereum futures ETF on October 12.
📈 Fasanara Capital deposits 2,201 ETH into Morpho and lends 2.9 million USDC to Circle.
🇺🇸 Trump's crypto holdings reveal nearly $5 million in Ethereum and nearly $4.9 million from NFT license fees.
💎 Long-term BTC holders showcase an all-time high of 14.6 million pieces in supply.
⛏️ Mirae Asset Global Investments and Vident Investment Advisory amplify their stakes in mining company Bitdeer.
💰 Coinbase secures approval to offer BTC and ETH futures contracts to eligible US customers.
💸 BitGo celebrates a successful $100 million financing round, valuing the company at $1.75 billion.
📜 Valkyrie seeks approval for a fresh Ethereum futures ETF application.
💼 ZetaChain secures a substantial $27 million equity financing round with Jane Street Capital and others onboard.
💰 A once-dormant wallet address awakens, mining 1005 BTC after 13 years, now valued at over $29 million.
💹 Adam Back anticipates BTC hitting $100,000 possibly before its halving.
🚀 Fundstrat Partner believes that the approval of a Spot Bitcoin ETF could propel BTC to $150,000 due to supply and demand dynamics.
🔍 Bloomberg analyst reports 16 valid applications currently filed for Ethereum futures ETFs.
🏦 Federal Reserve meeting minutes reveal revised economic projections, no longer foreseeing a mild recession this year, but expecting core inflation to drop.
⚖️ Former SEC official predicts the US Department of Justice to soon publish or file an indictment connected to Binance.
📈 Cryptocurrency exchange BIT introduces XRP option trading.
📊 The US 30-year Treasury yield hits 4.4219%, its highest level since 2011.
💼 Linkbase, parent company of CoinCatch exchange, aims to strategically invest in CoinDesk.
🛒 PayPal's stablecoin PYUSD enters Kraken's listing and trading starts today. Over 30 million PYUSD tokens have been issued.
🗣️ "Buying BTC on dips" discussions on social media hit a four-month high.
🇦🇷 Escalating depreciation of the Argentine peso drives up demand for stablecoins in Argentina.
📊 75% of available BTC is held by long-term holders.
⚙️ The Bitcoin RSI indicator records its lowest value since the FTX crash.
⏳ Bloomberg analyst predicts a response from the SEC regarding BlackRock and Bitwise ETF applications on September 1.
💼 Address 0xa22 receives 25,000 ETH from Cumberland, possibly a significant transaction.
💰 The Federal Reserve's balance sheet contracts to below $8.2 trillion, diminishing by $63 billion weekly.
📜 Speculation arises that the US SEC might approve multiple Ethereum futures ETF applications simultaneously.
📉 BTC slips below $26,000, and Grayscale suggests macro factors contributing to the week's crypto market decline.
📈 Europe's premier spot Bitcoin ETF commences, featuring an integrated renewable energy certificate.
🔍 ARK Invest reduces its Coinbase holdings by over $12 million on August 11th and 17th.
🇰🇪 Kenya initiates parliamentary committee to probe into Worldcoin activities.
💱 Kraken Pro introduces trading of PayPal stablecoin PYUSD, with PYUSD's circulation surpassing 40 million tokens.
🐋 Amidst market plunge, a significant whale wallet deposits 17,901 ETH to both Binance and OKX.
📆 Analysts predict SEC's verdict on seven Bitcoin ETFs, including BlackRock's, to be announced in September.
💼 Coinbase secures a minority stake in Circle, enhancing USDC's support for six blockchains. Circle gains full control of USDC issuance and governance, while maintaining a commercial relationship with Coinbase.
📊 Data indicates the lowest average daily trading volume of CEX spot in four months, akin to October 2020 levels.
📈 An unknown wallet becomes the world's third-largest BTC holder, accumulating over $3 billion worth of bitcoins in three months.
🔍 Growing belief in ETF spot approval as the negative premium rate of Grayscale GBTC sharply narrows.
👥 Friend.tech refutes claims of "leaked" database of over 100,000 users.
💼 Suspected Amber Group address amasses 3.73 million OP from Binance within 24 hours.
🏦 HSBC anticipates digital assets to comprise 10% of all assets by 2030, attributed to the vigorous growth of cryptocurrencies and digital currencies.
💱 Binance introduces CYBER/TUSD, LPT/TRY, SEI/TUSD, and UNI/TRY trading pairs.
🔌 Nodal Power, a mining energy firm, secures $13 million in funding.
🗳️ US presidential hopeful Robert Kennedy Jr. asserts Bitcoin safeguards civil liberties.
💱 Binance.US integrates MoonPay, offering an alternative route for purchasing and trading cryptocurrencies with USDT.
💼 Federal Reserve Discount Rate Meeting minutes reveal a preference for maintaining status quo or cautiously pursuing interest rate hikes.
📈 Uniswap's spot trading volumes surpass Coinbase's in both Q1 and Q2 of 2023.
💰 Barstool Sports' founder commits to augmenting the company's Bitcoin holdings.
🇺🇸 U.S. legislators criticize the SEC's "reckless" regulatory approach towards the crypto market.
📰 Wall Street Journal reports Binance discontinuing trading restrictions for Russian customers and potential violation of global sanctions.
💰 Ramp, a fintech firm, secures $300 million in financing led by Thrive Capital and others.
🇹🇭 Thailand's new prime minister is an active cryptocurrency investor.
💹 European crypto markets witness net inflows in June and July, while global crypto funds flow towards Europe and Asia.
💼 Survey shows 87% of global securities firms believe CBDCs can enhance settlement efficiency.
🚀 Binance Labs invests in Pendle Finance, a DeFi yield protocol.
⚖️ Marathon Digital CEO estimates over 70% chance of SEC approving spot Bitcoin ETF.
💼 BlackRock might refrain from Bitcoin purchases until an ETF is officially approved, suggests opinion.
💰 Barstool Sports' founder anticipates another Bitcoin surge and increases his BTC holdings.
💱 Membrane Finance introduces EUROe, the first Euro stablecoin on the Solana blockchain.
📈 Bitcoin registers its largest one-day gain in six weeks; US and European stocks soar amid central bank rate hike speculation.
🌐 BlackRock's Bitcoin ETF application is noted to have brought the asset class into the mainstream, according to Financial Times.
🐳 An enormous whale accumulates 42,800 ETH (about $72 million) since May, and continues to amass BTC for the upcoming bull market.
💼 Four major whale addresses collectively gather 56,100 ETH in the past week.
💹 Nvidia's stock price surges over 8%, reaching a record high of $500.
💰 An unknown wallet transfers 4,000 BTC to Binance.