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💰 Retail investors dominate demand for spot Bitcoin ETFs – Binance Research

According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63.3 billion in assets under management (AUM) — representing 5.2% of Bitcoin’s total supply, according to a recent report by Binance Research. The report highlights that net inflows for these ETFs have consistently outpaced initial projections, demonstrating strong investor demand that has led to a market reshaping of both price conditions and institutional interest.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Saylor’s disparaging remarks about self-custody provoke Bitcoin community’s ire

MicroStrategy CEO Michael Saylor has dismissed the idea of a government seizure of Bitcoin as a “trope” while advocating for custodianship through large financial institutions over self-custody. In a recent appearance on the “Markets with Madison” podcast, Saylor addressed concerns from what he called “paranoid crypto-anarchists” who fear such seizures.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level

Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level. For the week, the price of bitcoin is up about 9% and trading around $68,800 at time of writing. Ethereum follows closely behind with a gain of 8.3% over the same period while Solana is up 7.2%, according to The Block's price page. Those gains outpace the rise in traditional market indices like the S&P 500 and the Nasdaq, which are up less than 1% over the past five trading sessions.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Bitcoin miner MARA warns AI mirrors 2000s internet boom, firms risk overbuilding infrastructure: Bernstein

In a recent interview with analysts at research and brokerage firm Bernstein, Fred Thiel, CEO of bitcoin miner MARA (formerly Marathon Digital), said the current AI environment resembles the early 2000s internet boom — and many companies, particularly smaller players, risk overbuilding infrastructure without sufficient demand.

Source

@Bitcoin_Ethereum_Altcoins

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photoby_ai

July 12, 2024, 13:29

°•More on→Photo By: AI


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💰 L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security

Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling.

Source

@Bitcoin_Ethereum_Altcoins

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💰 IMF urges El Salvador to narrow Bitcoin laws amid loan negotiations

The International Monetary Fund (IMF) has recommended that El Salvador narrow the scope of its Bitcoin (BTC) law and strengthen regulatory oversight during ongoing talks regarding a potential lending program, Bloomberg News reported, citing IMF Director of Communications Julie Kozack. The discussions, held in Washington, focused on measures to enhance economic governance and bolster public finances.

Source

@Bitcoin_Ethereum_Altcoins

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💰 New HBO documentary aims to reveal Bitcoin creator Satoshi Nakamoto's true identity

An upcoming HBO documentary aims to reveal the true identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto. Nakamoto, the famously anonymous inventor of Bitcoin, apparently vanished in December 2010. Estimates are that if Nakamoto is still around, the Bitcoin creator could control as much as 1.1 million bitcoin, currently worth about $67 billion, at least on paper.

Source

@Bitcoin_Ethereum_Altcoins

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