💰 Bitcoin explained in 23 seconds 🧐

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⚡️ Kamala Harris will be speaking at the Bitcoin 2024 conference where Trump will also be a speaker!

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🪙 DAY ONE for ETH ETFs, who did $1b in total volume, which is 23% of what the spot bitcoin ETFs did on their first day.

$ETHA did 25% of $IBIT's volume. The gap between $ETHE and The Newborn Eight is +$625m (a sizable chunk of which *should* convert to inflow) — link

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⚡️First day of trading in Ethereum-ETF. results

✔️Cumulative trading volume: $1.11 billion.

✔️Net capital inflow to all funds (receipts minus outflows): $106.8 million.

✔️Leader in funds inflow: iShares Ethereum Trust ETF from BlackRock - $266.5 million.

The outflow of funds is expected to stop from Grayscale's $484 million fund. The difference between its ETF is that it was not created from scratch, but is a transformation of a trust fund that has existed for years, which at the time of launch had accumulated almost $11 billion in ETH coins.

The commission in this fund is noticeably higher than that of competing companies. A similar scenario was observed in the company's new funds in January.

By comparison, inflows slowed to $75.7 million on the first day of trading for the investment-based ETF in January. BlackRock's ETF received $111 million in capital on its first day.

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NEW: 🇯🇵 Metaplanet partners with Hoseki to verify $BTC holdings

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⚡️Ferrari will soon begin accepting crypto payments in Europe!

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BREAKING: 🇷🇺 Russia's parliament just passed a bill allowing companies to use cryptocurrency and Bitcoin payments for international trade - RIA Novosti

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Ethereum is preparing for new heights!

📈 Despite the weak start of spot Ethereum-ETFs, ether does not give up! Staking and limited supply of coins create fertile ground for growth.

💰 We can expect Ethereum quotes to approach the $5,000 mark, but volatility may play a role.

📉 Grayscale's ETF darkened the picture a little, but that didn't stop investors. They still believe in the potential of this altcoin.

🤓The withdrawal of assets from Grayscale caused some fluctuations, but the overall trend remains positive. Ethereum market capitalization is $415.5 billion.

🟰Total trading volumes exceeded $21 billion, and regular holders have already accumulated more than 714 thousand coins. Ether is ready for a new stage of its journey!

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Biden’s exit from the presidential race helped Bitcoin recover to $68K, but analysts expect more market uncertainty.

Vice President Kamala Harris, now the Democratic nominee, has an unclear stance on crypto, which may lead to regulatory scrutiny.

Investors are likely to wait and see Harris's policies.

Prediction markets favor Donald Trump to win, with Polymarket showing over 62% betting on Trump and 35% on Harris.

Who would you choose?

🐳 - Trump
❤️ - Harris

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💰 Kamala Harris decided NOT to speak at #Bitcoin 2024 Conference in Nashville

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⚡️ NEW: Giant #Bitcoin🥇 logo displayed on the Las Vegas Sphere 🙌

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NEW: 🇺🇸 Senator Cynthia Lummis plans to announce legislation for Strategic #Bitcoin Reserve at Bitcoin 2024 Conference In Nashville — Fox Business

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JUST IN: 🇨🇭The Swiss creator of ProtonMail launches a self-custody #Bitcoin wallet

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📉 Bitcoin recently dipped below $65,000, which analysts attribute to seasonal trends and market sentiment rather than sales by Mt. Gox creditors.

CryptoQuant founder Ki Young Ju and trader "Roman" dismiss fears of a Mt. Gox-induced sell-off. The dip, representing a 2.5% decrease in 24 hours, wiped out $24.68 million in long positions.

Overall market sentiment remains relatively bullish, with the Crypto Fear and Greed Index showing a "Greed" score of 68.

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NEW: 💰 Fox Business mentions Trump may announce a #Bitcoin strategic reserve at the Bitcoin Conference 👀

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🗣️ Wyoming Senator Lummis plans to announce legislation for a Strategic Bitcoin Reserve at an upcoming Nashville conference, according to a report by Fox News.

The bill would require the Federal Reserve to hold Bitcoin as a strategic reserve asset, similar to how it holds gold and foreign currencies. This could significantly impact the crypto industry if passed.

Do you think Bitcoin will become a strategic reserve asset for the US government? 🇺🇸

👍 - It should.
👎 - No way.

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VanEck predicts #Bitcoin 💰 could hit $2.9 million by 2050 🚀

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ICYMI: 💰 Bitcoin debit card and financial services company, Fold, to be listed on the Nasdaq 🙌

Fold has 1,000 #Bitcoin  in its corporate treasury 👀

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🤓 VanEck released an analytical report forecasting Bitcoin prices by 2050

Taking into account various macroscopic data, the price in 2050 could be:

✔️Base case: $2.9 million.

✔️Bearish scenario: $130 thousand.

✔️Bullish scenario: $52 million.

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NEW: 💰 7D Bitcoin Hashrate hits NEW ALL TIME HIGH of 661,000,000,000,000,000,000 hashes/s! ⚡️

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NEW: 🇯🇵 Metaplanet acquires exclusive license to launch Bitcoin Magazine Japan

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