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🎉 Surprise, surprise! Cathie Wood's financial company, Arkham, has unintentionally become the owner of a Bitcoin Puppet worth a whopping $15,000! 🤯 This peculiar puppet found its way into a custody wallet linked to their ARKB ETF, leaving everyone curious about its journey. 🕵️‍♂️ The Puppet's tale began on January 4th, inscribed by bc1psg and passed through two Ordinals wallets. A Quantum Cat was minted on February 5th, using the Puppet’s inscribed satoshis as payment. 😺 The Puppet then hopped through several wallets associated with Wintermute, Coinbase, and Flow Traders before landing in ARK Invest’s custody wallet. 🎭 ARK has also been showered with multiple Ordinals airdrops from the Puppet community. Bitcoin Ordinals are gaining traction in the digital collectible space, even attracting financial titan Franklin Templeton, who believes Ordinals are sparking a 'Renaissance' in Bitcoin activity. 🚀 Bitcoin Puppets, along with collections like NodeMonkes, Runestone, Ordinal Maxi Biz, and Bitmap, are making waves in the NFT arena, showcasing Bitcoin's versatility beyond its traditional role as a digital currency. 💎 However, not everyone's on board. Binance, the crypto exchange behemoth, has announced plans to shut down its Bitcoin NFT marketplace, launched less than a year ago, as part of their "ongoing efforts to streamline product offerings." 📉 So, here's to the unexpected adventures of Bitcoin Puppets and the ever-evolving world of Bitcoin! 🍻

🎉 Surprise, surprise! Cathie Wood's financial company, Arkham, has unintentionally become the owner of a Bitcoin Puppet worth a whopping $15,000! 🤯 This peculiar puppet found its way into a custody wallet linked to their ARKB ETF, leaving everyone curious about its journey. 🕵️‍♂️

The Puppet's tale began on January 4th, inscribed by bc1psg and passed through two Ordinals wallets. A Quantum Cat was minted on February 5th, using the Puppet’s inscribed satoshis as payment. 😺 The Puppet then hopped through several wallets associated with Wintermute, Coinbase, and Flow Traders before landing in ARK Invest’s custody wallet. 🎭

ARK has also been showered with multiple Ordinals airdrops from the Puppet community. Bitcoin Ordinals are gaining traction in the digital collectible space, even attracting financial titan Franklin Templeton, who believes Ordinals are sparking a 'Renaissance' in Bitcoin activity. 🚀

Bitcoin Puppets, along with collections like NodeMonkes, Runestone, Ordinal Maxi Biz, and Bitmap, are making waves in the NFT arena, showcasing Bitcoin's versatility beyond its traditional role as a digital currency. 💎

However, not everyone's on board. Binance, the crypto exchange behemoth, has announced plans to shut down its Bitcoin NFT marketplace, launched less than a year ago, as part of their "ongoing efforts to streamline product offerings." 📉

So, here's to the unexpected adventures of Bitcoin Puppets and the ever-evolving world of Bitcoin! 🍻

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🚀Hold on to your crypto hats, folks! Hong Kong's Bitcoin ETFs have hit their first bump in the road since their launch on April 30th. The China Asset Management Bitcoin ETF experienced its first daily BTC outflows on Monday, while other Hong Kong-based products remained steady. 📉 Despite this, the three Bitcoin ETFs launched in Hong Kong last week have already amassed a whopping $262 million in assets under management (AUM) within their first week. However, this figure is somewhat dwarfed when compared to the billions that flowed into U.S. spot Bitcoin ETFs back in January. 🤔 Meanwhile, the world's first Hong Kong spot Ethereum ETFs didn't make a huge splash, with a combined $54.2 million in AUM and total inflows of $9.3 million as of May 6th. 🌊 Despite these figures, Bitcoin experienced a weekend surge, now trading close to $64,000, up from below $57,000 last week. 🚀 Senior Bloomberg ETF analyst Eric Balchunas has advised investors not to expect substantial numbers in Hong Kong compared to the U.S. market. He explained that the $310 million AUM of the Hong Kong ETFs is equivalent to $50 billion in the U.S. market. Therefore, these ETFs are already as substantial in their local market as U.S. ones are in theirs. 🌐 However, the Hong Kong equities sector faces liquidity challenges due to slower economic growth in mainland China since 2022. In addition, these assets are currently inaccessible to mainland Chinese investors unless they also hold Hong Kong residency. This restriction could lead to lower transaction volumes for the ETFs than the United States. 🚧 So, while the road may be a bit bumpy, it seems the journey for Bitcoin and Ethereum ETFs in Hong Kong is just getting started! 🚀🌙
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