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Billionaire Thiel: "#Bitcoin Price Won't Surge Dramatically" #Crypto #CryptoNews

🔵Peter Thiel doubts Bitcoin's future price increase, despite owning some but less than ideal.

🔵Uncertain where new Bitcoin buyers will emerge post-#ETF; expects volatility.

🔵Thiel's Founders Fund has a lucrative history with Bitcoin since 2014, profiting significantly.

🔵Thiel laments Bitcoin's deviation from its original cypherpunk, anti-government vision; FBI preference noted.
Top #CryptoNews This Week

1️⃣
#VanEck applies for first #SolanaETF in the U.S., emphasizing blockchain benefits.

2️⃣ SEC nears approval for
#Ethereum spot #ETF launch by July 4th.

3️⃣ Former President Trump considers speaking at
#Bitcoin 2024 conference in Nashville.

4️⃣ Biden reappoints Carole House as special advisor on
#cryptocurrency to NSC.

5️⃣ Nomura: 54% of Japanese institutional investors plan cryptocurrency investments by 2027.

6️⃣ Bolivia lifts ban on
#Bitcoin and cryptocurrencies; not legal tender.

7️⃣ Turkish Parliament passes law requiring
#crypto service providers' authorization.

8️⃣
#Binance bans 297 accounts involved in Megadrop fraud attempt.

9️⃣
#Bybit undergoes senior management reshuffle amid operational adjustments.

🔟
#MtGox to start repaying creditors in #BTC and #BCH from early July 2024.

1️⃣1️⃣US court allows SEC to proceed with most claims against Binance, rejecting
#BNB trading illegality.
Top #Cryptonews in Past 12 Hours

1️⃣Martin Radev dropped his lawsuit against Keith Gill, alias
#RoaringKitty, just three days after filing.

2️⃣Sony Group, one of Japan's largest companies, acquired Amber Japan, entering the
#cryptoexchange field.

3️⃣Nate Geraci confirmed that the US SEC received the 19b-4 application for the Hashdex Nasdaq Crypto Index US
#ETF.

4️⃣Northern Data, Europe's largest
#cryptomining company, considered an IPO in the US, valued up to $16 billion.

5️⃣
#Pendle's total locked value (TVL) fell 40% last week as users withdrew nearly $3 billion since Wednesday

6️⃣
#Polkadot's first-half financial report revealed spending $87 million (11 million DOTs), with $37 million on marketing

7️⃣
#Bitcoin spot ETFs saw a total net inflow of $129 million on July 1, continuing for 5 days.
Top #Cryptonews in Past 12 Hours

1️⃣Jerome Powell was pleased with
#inflation progress but needed more assurance before rate cuts.

2️⃣Fabi, CEO of Web3 Foundation supporting
#Polkadot, advocated for community-voted on-chain treasury spending.

3️⃣The Tao Community Discord admin reported TAO Foundation investigated recent attacks on
#Bittensor wallets.

4️⃣Nate Geraci, president of The
#ETF Store, forecasted the #Ethereum spot ETF launch for mid-July (July15)

5️⃣
#Genesis Digital Assets, a Bitcoin mining firm, considered a U.S. IPO, backed by Alameda's $1 billion investment

6️⃣K33 analyst anticipated the upcoming
ETF as a strong catalyst for $ETH's performance, foreseeing potential price boosts.

7️⃣On July 2,
#Bitcoin spot ETFs experienced a net outflow of $13.6167 million, reversing five days of net inflows.
Top #CryptoNews of This Week

1️⃣June's US Consumer Price Index (
#CPI) annual inflation rose by 3.0%, which is lower than the expected 3.1%.

2️⃣ Citi predicted consecutive rate cuts by the
#Fed starting in September for eight times

3️⃣
#Trump spoke at the 2024 Bitcoin conference in Nashville, influencing #cryptocurrency support

4️⃣ U.S. Republican Party endorsed multiple pro-crypto policies for the 2024 election platform.

5️⃣ Germany's government sold its final
#Bitcoin holdings (Currently ZERO) on July 12, as reported by Arkham Intelligence.

6️⃣ The
ETF Store President Nate Geraci, anticipates #Ethereum Spot #ETF to launch Next week of July 15.

7️⃣ Cboe submitted 19b-4 form for VanEck and 21Shares
#SolanaETF to SEC.

8️⃣ Goldman Sachs plans three tokenization projects by year-end, including
#crypto derivatives trading.

9️⃣ TRM Labs reported hackers stole $1.38 billion in cryptocurrency in first half of 2024.

🔟 Vitalik warned Ethereum to prepare for potential 51% attack, emphasizing network security
.
Important Dates of this week to keep eye on:

#Crypto #CryptoNews

July 15 (Monday) :
#Fed Chair #Powell Speaks

July 17 (Wednesday) : UK
#CPI Inflation

July 18 (Thursday) : UK Unemployment

July 18 (Thursday) : EU Interest Rate Decision

July 15-18 (Estimated) :
#ETH #ETF Launch

Total of 11 Fed speaker events this week
Top #CryptoNews of This Week

1️⃣ SEC allowed spot
#ETH #ETF issuers to start trading on July 23.

2️⃣
#MtGox poll shows 55% will not sell Bitcoin compensation received.

3️⃣Trump’s
#Bitcoin conference expected record attendance; security tightened after assassination attempt.

4️⃣
#Trump announced fourth NFT release, urged Fed to avoid rate cuts before November.

5️⃣Powell stated
#Fed won’t wait for 2% inflation before cutting rates.

6️⃣
#Vitalik opposes choosing political allies based solely on crypto support.

7️⃣a16z’s Marc Andreessen backed Trump, criticizing
#Biden’s overregulation stance.

8️⃣
#BlackRock’s Larry Fink declared Bitcoin a legitimate financial instrument.

9️⃣
#Grayscale launched Decentralized AI Fund to invest in #AI and #crypto.

🔟Indian exchange
#WazirX hacked; losses exceed $230 million with significant asset theft.
Current #ETF AUMs and their fee structure

Spot
#BitcoinETFs traded over $4,6 Billion on the first day on 11 January 2024...how do you think the #ETHETFs will perform?

What Will be ETH Price? Comment Below👇
Total #Bitcoin Spot #ETF Net Inflow: $27.8689 million on August 12.

#Grayscale ETF (GBTC): Had an outflow of $11.7743 million (money went out).

#Ark Invest and 21Shares ETF (ARKB): Gained $35.4019 million in inflows (money came in).

#BlackRock ETF (IBIT): Gained $13.4455 million in inflows.
🚀 Big News! For the first time since the #Ethereum Spot #ETF launch, #Grayscale didn’t sell a single $ETH yesterday!

#crypto #cryptonews

Source:
https://farside.co.uk/eth/