Today’s Bitcoin and Macro News Summary
Date: April 11, 2024
Block height: 838,809
Fiat Price: $70,172
-El Salvador is issuing its first tokenized debt on Bitcoin sidechain Liquid to fund a new Hilton hotel. The $6.25M HILSV token aims to boost tourism and adoption. 🇸🇻
-Wall Street is waking up to spot #Bitcoin ETFs. SEC filings show major institutions like Park Avenue Securities and Inscription Capital scooping up shares in Q1. The herd may be coming. 🐂
https://bitcoinmagazine.com/business/wall-street-is-buying-us-spot-bitcoin-etfs-13f-sec-fillings
-Hong Kong is set to approve 4 spot Bitcoin ETFs by April 15, positioning itself as a leader in TradFi BTC adoption. 🇭🇰 Looks like we are going to have near 24-7 ETF inflows.
https://www.tftc.io/hong-kong-bitcoin-etf-approval-imminent/
-In Clown World, Biden's student loan debt relief will cost taxpayers an extra $84 billion. Money printer go brrr! 🤡💸
https://www.tftc.io/biden-student-loan-debt-relief-cost-84-billion/
-Grayscale Bitcoin Trust (GBTC) sees record low outflows of just $17.5M, a 90% decrease from the previous day. Is the selling pressure finally subsiding? 🤔
https://cointelegraph.com/news/bitcoin-rebound-after-cpi-data-grayscale-outflows-record-low
-Ordinals inscriptions are ramping up ahead of the halving, driving Bitcoin transaction fees to 10-month highs. 🤮
https://cryptopotato.com/ordinals-activity-ramps-up-before-halving-alongside-bitcoin-fees/
-Ghostface Killah of Wu-Tang Clan fame is airdropping 10k music-infused #Bitcoin Ordinals. Protect ya neck and grab that whitelist spot! 🐝 Sorry. My affinity for Wu-Tang and distaste for ordinals are confusing me.
https://cointelegraph.com/magazine/ghostface-killah-ordinals-women-weapons-violent-nft-collector/
-The Botanix team is building an EVM-compatible layer-2 on Bitcoin, aiming to combine BTC's sound money properties with Ethereum's tech capabilities? 🤯
-Grayscale research suggests persistent inflation will drive continued demand for Bitcoin as a store of value, even if rising rates cause short-term volatility. 📊
-Paraguay pauses proposed Bitcoin mining ban bill, considers selling excess hydroelectric power to miners instead. Another nation waking up to the benefits of Bitcoin mining! ⚡
https://cointelegraph.com/news/paraguay-pauses-progress-bitcoin-mining-ban-bill
-And finally, the "Bitcoin Sign Guy" who photobombed Janet Yellen in 2017 is auctioning his famous "Buy Bitcoin" sign. You can own a piece of Bitcoin history! 📜
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