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🇺🇸 University of Wyoming to Launch 'Bitcoin Research Institute' in August to Publish 'High-Quality Academic Research' on BTC

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🎯 5,000 Institutions Will Be Able to Take Out Loans Secured with BTC!

New York-based brokerage Cantor Fitzgerald has announced the launch of a new BTC lending business.

Initial funding for the project = $2,000,000,000!

Individuals and companies will be able to take out fiat loans secured by BTC.

Cantor Fitzgerald serves over 5,000 institutional clients worldwide + has been working with Tether since 2021.

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🇺🇸 SEC Approves Grayscale Bitcoin Mini Trust Listing on NYSE Arca

Grayscale's Bitcoin Mini Trust is the company's plan to stop the decline in GBTC's market cap. Some of the funds from investors in the spot Bitcoin ETF will be transferred to the new fund.

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😳 Heather Morgan spotted at the Bitcoin 2024 conference

She and her husband hacked Bitfinex for $4.5 billion in 2016

Contrary to popular belief, Heather Morgan is still NOT behind bars (she is out on bail).

Her husband remains under house arrest after pleading guilty last July.

#conspiracy Her appearance at events has sparked a ton of conspiracy theories, one of which is that “Razzlekhan” has started working for the US government.

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🔥 #SOL Solana is NOT a security!

SEC plans to amend its lawsuit against Binance US. The regulator no longer seeks to prove that #SOL, #ADA, #MATIC, #FIL, #ATOM, #SAND, #MANA, #ALGO, #AXS and #COTI are securities.

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#rumors
🤔 Kamala Harris to consider Gary Peters for US Vice President

Gary Peters in the crypto industry:

▫️“Strongly against” cryptocurrency. (according to Stand With Crypto)

▫️Co-author of the Digital Asset Anti-Money Laundering Act – aimed at limiting the use of cryptocurrency in terrorist financing.

▫️BUT supported the repeal of the sports accounting rule “SAB 121” (prevents banks from storing cryptocurrency)

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#financial flows
📊 Coinshares: Cryptocurrency financial flows report.

▫️Capital outflow from the crypto industry for the week = $528,000,000.

▫️Capital outflow from crypto products related to #BTC = $400,000,000.

▫️Capital outflow from crypto products related to #ETH = $146,300,000.

▫️Last week there was a minor inflow of funds into crypto products related to #XRP and #LTC.

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#onchain
🧐 USDC 440,000,000 was transferred from Jump Trading wallets to Coinbase exchange in the past 24 hours – Lookonchain

Another USDC 606,000,000 was withdrawn from Binance exchange.

USDC will probably be converted to fiat at a 1:1 ratio.

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Hottest coins in the last 24 hours: #AMBUDT up +46%; 24-hour volume $244M.

#STORJUSDT up +45%; 24-hour volume $384M.

#MEWUSDT up +35%; 24-hour volume $331M.

#1000SATSUSDT up +33%; 24-hour volume $798M.

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Media is too big
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🇺🇸 Donald Trump in an interview with streamer Adin Ross said that cryptocurrency is a modern form of currency. If the US does not take care of these digital assets, China will.

Trump also warned the current administration against selling BTC.

At the end of the interview, Ross gave Trump a Cybertruck.

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🫨 The US stock market lost $1,930,000,000,000+ at the opening of trading yesterday.

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✉️ US Senators Call for Ban on US Election Betting - Letter

Jeff Merkley, Richard Blumenthal, Chris Van Hollen, Elizabeth Warren and Sheldon Whitehouse sent a corresponding letter to the CFTC.

Bets on Polymarket and other services "undermine public confidence in the electoral process."

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#onchain #records
🤨 Yesterday people sold a record amount of BTC at a loss

Comparable to the period of massive sell-offs after the ban of cryptocurrency in China and the collapse of FTX.

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#etf #finflows
🔼 Spot Bitcoin ETF trading volume for yesterday = $5,240,000,000!

▫️ Outflow of funds from Bitcoin ETF for 5.08 = -$168,440,000.

▫️ Inflow of funds into Ethereum ETF for 5.08 = $48,730,000. Trading volume = $715,610,000. (sosovalue)

▫️ On the balance sheet of BlackRock 237,882 ETH ($568 million) and 344,070 BTC ($18.2 billion)

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#hack #ronin #axs
🔠 #RON Hackers hacked Ronin Network for $9,330,000 – PeckShield

Ronin Network COO: Ronin Bridge is temporarily down, issue is being resolved.

In June 2022, the Axie Infinity developers already compensated $620,000,000 in losses to victims of the Ronin Network hack.

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🕌 #IOTA IOTA Blockchain is Shariah Compliant

The Cambridge Institute of Islamic Finance has certified the IOTA blockchain and token as “compliant with all generally accepted Shariah requirements and guidelines.”

“Compliance drives trust and growth for IOTA in the Middle East and around the world.”

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🇺🇸 Kamala Harris Campaign to Meet Crypto Industry Leaders' Thursday – FOX

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#hack #ronin #axs
💸 #RON Ronin Network hacker returns stolen money – $10,000,000 in ETH (twitter)

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🧸 The Fear and Greed Index value has rolled back to the “EXTREME FEAR” zone – the minimum since July 2022.

Bearish sentiment prevails in the market.

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🇰🇪 Valour to launch cryptocurrency ETPs on #BTC, #ETH, #SOL and #HBAR in Kenya

The listing will take place on the Nairobi Stock Exchange (NSE).

ETP (Exchange Traded Products) is an exchange-traded product similar to ETF.

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🦢 Nassim Taleb: "Bitcoin is not an effective store of value."

"It is a speculative asset that behaves like expensive Manhattan real estate. Gold is an excellent store of value. Even in 10,000 years, its properties will not change."

Nassim Taleb is the author of the book "The Black Swan."

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