Avatar
1Bitcoiner.com
2036408a130912e2b0317226ecc4ded647c4bc99215e2a01570027870d266b02
Stack Sats

17 Aug 24 - 🎭 Following Matthew Perry's tragic passing, scammers hacked his X account in February 2024, falsely linking him to a crypto scam. The hackers promoted a fake Bitcoin donation scheme, exploiting Perry’s fame. The Matthew Perry Foundation quickly warned the public.

17 Aug 24 - 📈 Institutional interest in Bitcoin surged in Q2 2024, with over 262 new companies joining US-based spot Bitcoin ETFs, totaling 1,199 firms. Institutions now control 21.15% of Bitcoin ETF assets, up 2.41%. Despite market dips, they're doubling down on BTC.

17 Aug 24 - 💰 US Senator Ted Cruz has increased his Bitcoin holdings to $100,000, according to an August 13th filing. Cruz, a strong Bitcoin advocate, initially bought between $15K and $50K in BTC in 2022. His investment reflects the growing political focus on crypto.

16 Aug 24 - 🕵️‍♂️ The FBI reignites speculation about Bitcoin's creator, Satoshi Nakamoto, with a cryptic response to a FOIA request, neither confirming nor denying records. Journalist Dave Troy’s inquiry adds to the mystery, as theories on Nakamoto’s identity intensify.

16 Aug 24 - 📉 The NYSE has withdrawn its application to list options for Bitwise Bitcoin ETF and Grayscale Bitcoin Trust, as per an SEC filing. After multiple review extensions, the proposal was pulled before a final decision. CBOE also withdrew, but has since re-filed.

16 Aug 24 - 💼 South Korea’s National Pension Service boosted its crypto exposure, buying 24.5K MicroStrategy shares worth $33.75M. NPS, the 3rd-largest pension fund globally, also holds $51M in Coinbase and $61.5M in Jack Dorsey’s Block. MicroStrategy is up 92.5% YTD.

16 Aug 24 - 📉 Bitcoin dropped 0.1% to $58,238, set for a modest 1% weekly gain. Unclear regulatory outlook, fears of Mt Gox's $2B BTC sell-off, and $1B USDT pulled from exchanges weigh on the market. Despite improved stock sentiment, crypto struggles to rebound.

16 Aug 24 - 📉 Gold prices plunged as US inflation data came in lower than expected, leading to speculation of potential Fed rate cuts. Meanwhile, Bitcoin surged, highlighting its status as "anti-gold." Peter Schiff criticized the market's reaction, calling it a misread.

16 Aug 24 - 🏦 Morgan Stanley now manages a $190M Bitcoin spot ETF, holding BlackRock's IBIT and reducing its Grayscale ETF to just $148K. The bank is now the 5th largest IBIT holder. Notably, Goldman Sachs has nearly $500M in Bitcoin ETFs under its management.

16 Aug 24 - 💼 Despite moving 10,000 Bitcoin ($590M) to Coinbase, the US government is unlikely to sell, according to analysts. The transfer, part of assets seized from Silk Road, may just be for safekeeping. Active trading or sale is considered highly improbable.

16 Aug 24 - 💼 Hedge funds, pensions, and banks continue pouring capital into Bitcoin ETFs as traditional investors embrace the asset. Despite Bitcoin's 13% drop last quarter, 701 new funds reported BTC ETF holdings, pushing total holders to nearly 1,950.

15 Aug 24 - 📈 Farside Investors report Blackrock's Bitcoin ETF saw a daily flow of $2.7 million, highlighting a surge in investor interest. This could signal a significant market impact, with increased momentum behind Bitcoin ETFs.

14 Aug 24 - ⚠️ Bitcoin miners are feeling the pressure as BTC’s price drops and mining difficulty spikes. CryptoQuant reports miner outflows peaked at 19,000 BTC/day this month—the highest since March. Miners are now forced to sell more to cover rising costs.

14 Aug 24 - 🔍 Veteran crypto analyst Peter Brandt has identified an inverted triangle pattern in Bitcoin’s price chart, signaling potential volatility. However, Brandt advises caution, noting no breakout has occurred, and he won’t trade until the pattern is confirmed.

14 Aug 24 - 📈 Bitcoin investors are shifting back to accumulation, with Glassnode's ATS metric hitting 1.0, signaling strong buying. LTH holders have added 374,000 BTC in 3 months. Despite recent sell-offs, the market shows resilience above $51,300, indicating bullish momentum.

14 Aug 24 - 💰 Republican VP nominee JD Vance, 40, is financially thriving, revealing assets worth $250K-$500K in Bitcoin, alongside diversified ETFs. With Trump promising crypto-friendly policies, Vance's holdings could be impacted. Federal disclosure released Tuesday.

🟢 Bitcoin's presence on centralized exchanges hits a historic low, signaling a bullish trend. As investors move BTC to cold storage, confidence in long-term value grows. With institutional buying at an all-time high, a supply squeeze could push prices past $100K.

12 Aug 24 - 🪙 Bitcoin's difficulty is set to decrease by 4-5.3% on Aug. 14, after hitting an all-time high on July 31 at 90.67T. This drop follows a 10.5% surge 11 days ago. The adjustment will ease mining as block times slowed to 10m 32s, aiding miners in this low-revenue period.

11 Aug 24 - 🪙 Over 20,600 Mt. Gox creditors, waiting a decade, saw Bitcoin rise from under $500 to $58,000 when repayments began. $5.77B in BTC was returned, with $3B remaining. As some creditors sell, Bitcoin prices waver, while ETFs like BlackRock’s IBIT show inflows.

11 Aug 24 - ⚠️ Morgan Stanley, the U.S.'s largest wealth manager, faces potential SEC and FINRA scrutiny after allowing its 15,000 advisers to recommend Bitcoin ETFs. Ex-SEC official John Reed Stark warns this could trigger one of the biggest regulatory sweeps ever.