Ethereum ETF Trading Has Started! 🚀

👀 The market now offers 9 funds from Grayscale, Franklin Templeton, VanEck, Bitwise, 21Shares, BlackRock, Fidelity, and Invesco Galaxy.

💰 The initial asset level of these funds is $10.255 billion. According to Bloomberg analyst James Seyffart, a significant portion of these assets consists of ETH.

Eric Balchunas expects an inflow of about 20% of BTC ETF's first-year inflow ($5-6 billion).

So far, Ethereum hasn't shown much reaction to the launch 😳

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Ferrari to Start Accepting Cryptocurrencies in Europe 🐎

Previously, the company began accepting cryptocurrency in the US in partnership with BitPay.

Specifically, Ferrari accepts BTC, ETH, and USDC.💰

By the end of 2024, the company plans to expand this service to other markets. 🧐

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🕵️‍♂️ The Kraken exchange, actively used for distributing bitcoins to Mt. Gox creditors, is experiencing a significant outflow.

This indicates that Mt. Gox coins are being withdrawn from the exchange. Even if they were sold, they are now being taken out by new holders. 🤔

In simpler terms — there is no panic in the market regarding Mt. Gox sell-offs. 💪

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📉 Ethereum Under Pressure: New Concerns After Sell-Off

10x Research has identified "signs of new problems" following Ethereum's sharp decline post spot ETF launch. 🧐

🔍 According to analysts, the sell-off mirrors past patterns seen during the launch of digital gold ETFs. Many traders expected ETH-ETFs to capture 20% of BTC-ETF inflows but underestimated the "sell the news" rule.

📊 Data shows significant outflows from Grayscale's ETHE, with $481M and $326M withdrawn in the first two days of trading.

🛑 Analysts predict bearish trends for Ethereum, highlighting overbought conditions before the ETF launch and stagnant or declining fundamental metrics like new users and revenue.

⚠️ While Bitcoin enjoys "digital gold" status, Wall Street remains unsure of Ethereum's value proposition. Experts warn of further price drops due to potential pressure from Mt.Gox clients, upcoming US corporate reports, and weak seasonal trends in August and September.

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Ethereum worth ~$288 million moved for the first time in seven years

💲 On July 25, an address likely associated with the Ethereum Foundation (EF) transferred 92,500 ETH worth about $287.7 million after seven years of inactivity.

In response to speculation about the involvement of the non-profit organization in the transactions, EthHub co-founder Eric Conner stated that it is most likely an early participant. 🐳

🔎 According to the Arkham platform, on September 1, 2015, the organization moved 96,474 ETH. From the new address, the funds were sent to an unmarked wallet seven years ago, which remained almost inactive all this time.

👀 Conner believes that the 2015 transaction was the initial transfer of EF assets to an investor. There were many such operations at that time, he added.

Comments noted that ETH was worth $1.35 at that time, and the entire amount slightly exceeded $100,000. 💰🚀

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Crypto Speak: ROI

ROI, or Return on Investment, is a crucial metric in the world of crypto. It measures the profitability of an investment relative to its cost. To calculate ROI in crypto terms, compare the initial investment amount with the current value of the asset using the formula: ROI = (Current Value - Initial Investment) / Initial Investment * 100.

For instance, if you invested $1,000 in a cryptocurrency that is now worth $1,500, the ROI would be 50%. This means your investment has generated a 50% return. Understanding ROI helps investors assess the success of their crypto ventures and make informed decisions about their portfolios.

By tracking ROI, you can maximize returns and navigate the dynamic landscape of cryptocurrency investments effectively.

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🇺🇸 Donald Trump 2024 Bitcoin Conference Speech Recap:

• On day one I will fire Gary Gensler and appoint a new SEC chairman.

• Create a US Government strategic national Bitcoin stockpile if elected.

• US Government will keep 100% of Bitcoin it owns

• Bitcoin is going to the moon.

• Never sell your Bitcoin

• Bitcoin will one day probably surpass the market cap of Gold.

• I reaffirm my pledge to commute Ross Ulbricht's sentence.

• There will never be a CBDC while I am President of the United States.

• Bitcoin and crypto will skyrocket like never before if elected president.

• Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar.

• The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.

• Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.

• I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.

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Exactly 14 years ago on this day, Satoshi Nakamoto wrote a legendary phrase on the Bitcointalk forum:

"If you don't believe me, or don't understand, I don't have the time to try to convince you, sorry."

📝 This statement was made during the early days of Bitcoin's development when Satoshi was actively engaging with the community to explain the concept and mechanics of Bitcoin.

The message reflects Satoshi's firm belief in the revolutionary potential of Bitcoin and the frustration with skeptics who didn't grasp the vision. 🚀

This phrase has since become iconic, symbolizing the unwavering conviction of Bitcoin's creator in the face of doubt and criticism.

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Top 10 blockchain protocols generating the most fees per day:

1. Tron - $4.24 million
2. Jito - $3.19 million
3. Lido Finance - $2.95 million
4. Solana - $2.31 million
5. Ethereum - $1.41 million
6. Uniswap - $1.18 million
7. Aave - $1.05 million
8. Bitcoin - $553,210
9. BNB Chain - $330,460
10. PancakeSwap - $285,810

💰 Here’s proof that blockchain is not just about token sales but also a thriving business. And Justin Sun is a standout for creating such a lucrative enterprise! 💪

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📈 Bitcoin Mining Difficulty Surges Over 10%, Reaches New High

🔨 The difficulty of Bitcoin mining, which measures the computational power needed to find a new transaction block, has surged by over 10%, setting a new record.

⛰The new target difficulty is now 90.67 T (1 T = 1 trillion), up 10.5% from the last adjustment. This sharp increase was last seen in January 2023.

👀 The average hash rate, representing the total mining power, has also risen to 635.6 EH/s (exahashes per second).

This growth in difficulty can be attributed to new miners entering the market and current miners using new or more efficient equipment. 💻

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Women in crypto earn 15% more than men💰

According to a study by Pantera Capital, women earn 15% more than men while working in crypto companies.

Based on the data, the average salary for full-time women workers is $172k per year, compared to $150k for men. 🧐

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Bitcoin's dominance has reached approximately 54%.

📈 This is the highest level since April 2021.

👀 Notably, bitcoin dominance began to rise sharply with the launch of the Ethereum ETF, when the price of ETH declined, reducing the market capitalization of the second-largest cryptocurrency and its percentage of the overall pool.

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💰 Purchasing Bitcoin today is frequently likened to the chance of buying real estate in Manhattan in the early 1900s.

👀 To better understand this analogy, consider viewing a photo of New York from 1931, before the skyscraper boom. 🏙

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Stock market crash drags cryptocurrencies down 😱

📊 S&P 500 drops 2.39%. Amazon and Intel fall 9.49% and 27.45%. The Japanese stock market also saw its biggest drop since 1987 today! Crypto market also in the red. Bitcoin dips to $60,500, Ethereum below $3000.

📉 US unemployment data rise to 4.3% in July, sparking fears of an emergency Fed rate cut. CME shows a 68% chance of a 0.5% cut on September 18 😮

😰 Investors worry about a recession, recalling crises from 2000, 2008, and 2020. Powell’s high rates may have gone on too long

Social media reports the worst stock market sell-off since March 2020, wiping out $2.9 trillion 🦠

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Crypto Speak: Leverage

In cryptocurrency trading, leverage serves as a double-edged sword, offering the potential for amplified profits while carrying heightened risks. This high-risk strategy involves borrowing funds to magnify the size of a trade, enabling traders to control larger positions in the market with a fraction of the capital required.

For example, if a trader leverages their trade at 50x, they are trading with 50 times their initial investment. If the market moves in their favor, even a modest price increase can lead to substantial gains. However, a price decline can quickly erode the entire investment, highlighting the volatile nature of leveraged trading.

Navigating crypto leverage demands a deep understanding of market dynamics and robust risk management strategies. While the allure of exponential profits is enticing, traders must tread cautiously and be mindful of the potential pitfalls that come with leveraging in the cryptocurrency space.

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Trader Plan B reminds us that HODLing isn't easy, and if you panic at a 20% drop, then maybe Bitcoin isn't for you.

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8 Best Methods to Make Money with Cryptocurrency.

Before learning how to make money with cryptocurrency, consider the eight methods listed below:

    1, Investing in Presales & Top New Coins Early - Get the Best Price
Possible on Favorable Coins such as Meta Masters Guild and Fight Out

2, Staking and Interest - Earn Passive Income on Idle Crypto Coins

3, Play-to-Earn Games - Generate Free Cryptocurrency by Playing NFT Games

4, Yield Farming & Lending - Deposit and Lend Crypto Coins to Earn Interest 

5, Day Trading - Actively Buy and Sell Crypto to Take Advantage of Volatility

6, Long-Term Investing & Holding - Buy and Hold Crypto for Long-Term Gains

7, Airdrops, Giveaways, Faucets - Get Free Crypto Tokens for Completing Tasks

8, Mining - Help Verify Blockchain Transactions Remotely Through Cloud Mining

To make money with crypto, it is best to first have an understanding of how each of the above methods works.

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Matrixport anticipates a BTC increase soon 📈

👀 The RSI indicator indicates Bitcoin is currently oversold, and with U.S. inflation data set to be released next week, BTC typically sees gains in these scenarios.

Traders could respond favorably to a decline in U.S. inflation, particularly if it dips below 3%. 🚀

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Bitcoin miners' reserves have hit a 3-year low, with the total holdings now down to 1,510,300 BTC — a 2.4% decrease from the peak in December 2020. 📉

Currently, these BTC assets are valued at around $86 billion, representing roughly 8% of all Bitcoin in circulation.

Additionally, Bitcoin miners are facing record-low profitability.

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The Pre-Sale Advantage in Crypto

Imagine being part of an exclusive group that gets early access to the next big thing in crypto. That’s the allure of a pre-sale—a unique opportunity to invest in a project at a discounted price, often with special perks like bonus tokens or early access features.

Pre-sales are a strategic tool for projects to generate excitement, raise funds, and build a dedicated community before the official public launch. It’s like being a VIP at an exclusive event—you get to be in on the action before the masses.

Take, for example, a project launching a groundbreaking gaming token. During the pre-sale, early investors might enjoy a 20% discount and exclusive access to beta testing. This approach not only raises capital but also fosters a loyal base of early adopters who amplify the project’s buzz.

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Building a Balanced Portfolio

Creating a balanced crypto portfolio is crucial for managing risk and maximizing potential returns, much like traditional finance. It involves strategically allocating assets between capital preservation (low risk/return) and growth (medium/high risk/return) investments.

Capital Preservation — In crypto, capital preservation includes stablecoins and established DeFi providers. These assets offer lower risk and help safeguard your investment.

Growth Investments — Growth investments span a range of risk profiles. Include well-known cryptocurrencies like Bitcoin and Ethereum, along with newer, speculative projects. Diversification within the growth segment is key, as crypto prices can be influenced by mainstream financial indicators and macroeconomic events.

Diversification Strategy — A balanced portfolio is fractal, with sub-allocations within the growth segment. Diversify across different sectors such as POW and POS blockchains, NFT platforms, and DeFi platforms. This approach helps mitigate risk by spreading exposure across various categories.

Why Diversification Matters

Diversification is essential for managing volatility in the crypto market. By understanding risk management and diversification principles, you can build a portfolio that aligns with your investment goals and risk tolerance.

Don’t put all your eggs in one basket. Diversify and balance your crypto portfolio for a more secure investment future.

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