Author: Chirag Sharma
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Morgan Stanley’s 15000 Advisors Pitching Bitcoin ETFs Today
Starting today, Morgan Stanley’s wealth advisors can actively pitch two spot bitcoin exchange-traded funds (ETFs) to some of their clients, according to CNBC. The advisors will solicit investments into BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) from eligible clients. This marks a significant shift in the traditional finance industry’s approach…
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Major Security Breach Hits Ronin Network
Peckshield, a prominent blockchain security firm, has uncovered a significant security breach impacting the Ronin Network, resulting in the loss of 3,996 $ETG tokens valued at approximately $9.8 million. The discovery was made public in a Tuesday X post. White Hat Hacker Speculation The breach has sparked speculation that a white hat hacker may have…
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Capula Investment Management’s $464M Bitcoin ETF Holdings Drop Amid Declining Prices
Capula Investment Management, a prominent London-based hedge fund, has reported owning $464 million in spot bitcoin ETFs issued by BlackRock and Fidelity. This filing, reflecting the firm’s holdings as of June 30, was submitted to the U.S. Securities and Exchange Commission. Current Valuation Due to the recent decline in Bitcoin prices, Capula’s position in these…
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Grayscale Ethereum ETF $2B Outflows : Price in Danger
The recent performance of Ethereum has been a significant source of concern for investors, with the token persistently trending downwards. Despite the launch of spot ETH ETFs (exchange-traded funds) in the United States, Ethereum has shown no signs of relief. Instead, the underwhelming performance of these ETFs with Grayscale Ethereum ETF outflow might even be…
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SAHM Indicator above 0.5: Recession Incoming?
A significant recession warning is currently flashing across financial markets, impacting both the stock and crypto sectors. The SAHM Indicator, a crucial economic measure, has crossed above 0.5, signaling a potential recession in the United States. This indicator has a long history of accurately predicting recessions, with every instance since the 1960s leading to an…
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Genesis Moves $1.5 Billion in Bitcoin and Ethereum for Creditor Repayments
BREAKING: Wallets linked with Genesis Trading have moved 16.6K BTC ($1.1B) and 166.3K ETH ($521.1M) in the past hour, likely for in-kind repayments to creditors. According to an X post by Arkham Intelligence, this substantial movement of funds by Genesis moves the market significantly. Key Details: Track live data here Market Impact Genesis moves have…
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Bitcoin Falls Below Key $63k Level: Market Analysis
Bitcoin is down below the critical $63k level, marking the fourth consecutive daily close with a bearish candle. The crypto market is feeling the strain as Bitcoin dip sentiment spreads across the board. Market Overview Reasons for the Bitcoin Dip The primary factors behind the recent Bitcoin dip are a mix of market sentiment and…
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FOMC Meeting: Impact on Crypto Market
The US Federal Reserve will announce its fifth interest rate decision for 2024 later tonight (July 31) after a two-day FOMC Meeting. Wall Street expects the US central bank to keep the benchmark interest rates between 5.25% – 5.50%. However, market participants will focus on hints that lift bets of a rate cut in September.…
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US Debt Hits $35 Trillion : Bitcoin Buy Signal?
The US debt has reached an unprecedented milestone, hitting $35 trillion for the first time in history. This astronomical figure is not just a number but a significant indicator for the financial markets, especially Bitcoin. Here’s why this news is crucial for Bitcoin investors. Track Live Debt Here US Debt and Its Implications Why US…
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Bitcoin Hashrate Hits ATH, What’s Next?
Bitcoin’s hashrate has reached an all-time high (ATH) of 662.74 EH/s as of July 29, 2024. This milestone marks a significant achievement in the Bitcoin network’s history and highlights the increasing security and computational power dedicated to the cryptocurrency. The consistent growth in hashrate is a testament to the network’s robustness and its ongoing appeal…