News
Bitcoin ETFs recorded $1.8 billion inflows last week.
Bitcoin exchange-traded funds (ETFs) continue to see inflows in the US Spot Bitcoin exchange-traded funds (ETFs) in the U.S. saw $1.8 billion in inflows last week, marking the 18th consecutive day of record demand. Trading volumes in these Bitcoin ETFs increased 55% week-over-week to $12.8 billion. Last week, Bitcoin ETFs acquired about 25,700 BTC, which is almost the entire amount of newly mined Bitcoin during that period, thus tightening the market. Inflows exceed total volume of May The latest inflows surpassed May's total, fueled by regulatory approvals in the UK, Australia and Thailand, as well as favorable political developments. With assets under management now exceeding $70 billion, Bitcoin ETFs are legitimizing Bitcoin as an institutional asset (financial instrument used by institutional investors). They have now attracted 5% of the total Bitcoin supply. Investors see Bitcoin as a hedge against inflation and uncertainty The increasing inflows reflect investors' view of Bitcoin as a hedge against inflation and economic uncertainty, especially as interest rate cuts take place in Canada and Europe. Bitcoin ETFs, which launched just a few months ago, have grown rapidly and could continue to attract significant institutional investment if the current momentum continues.
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Breez integrates Lightning Network into all crypto wallets.
Partnered with Cake Wallet to integrate Lightning payments into their popular crypto wallet.
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Bitcoin ownership proof and discussion on Botanix's Spiderchains.
An interview with Willem Schroé from Botanix Labs to talk about Spiderchain, a proof-of-stake sidechain on Bitcoin.
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Semler Scientific raises $150 million.
Medical device maker Semler Scientific has acquired 247 more bitcoins and plans to raise $150 million to further expand its bitcoin treasury holdings, following MicroStrategy's lead.
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Bitcoin to rise to $150,000 on Trump win, Standard Chartered predicts.
Standard Chartered says Bitcoin could reach $80,000 this month.
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Robinhood buys Bitstamp for $200 million.
Robinhood has agreed to acquire leading Bitcoin and crypto exchange Bitstamp for $200 million, marking a significant expansion of its crypto business globally.
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Bitcoin will reach $350,000.
Well-known author Robert Kiyosaki has predicted that Bitcoin will rise to $350,000 by August 2024. He justifies this with his lack of confidence in the current US leadership and supports Bitcoin as an alternative.
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HRF awards 10 BTC to projects promoting Bitcoin worldwide.
The Human Rights Foundation is releasing its latest round of grants, totaling 1 billion Satoshis.
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Bitcoin startup relies fully on new Layer 2 scaling protocol.
Ark Labs is committed to an innovative protocol and plans to develop tools to enable others to invest.
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