● President of The ETF Store: US-listed spot Bitcoin ETFs hold over 900,000 Bitcoins
According to WuSay, Nate Geraci, president of The ETF Store, tweeted that currently, the spot Bitcoin ETF listed in the United States holds 900,000 Bitcoins, accounting for 4.3% of the total supply of Bitcoin.
Assets are around $60 billion. Net inflows since launch in January are $17 billion.
According to Golden Finance, a Glassnode analysis report shows that although the Bitcoin market has corrected more than 25% from its highs, realized losses have not increased significantly, indicating that panic is limited. The market has been net sellers since mid-2023, but this status has declined over the past few months, with the coin supply held at unrealized losses when Bitcoin price fell to a local low of $53,500. The proportion jumped to about 25%. This has brought the Percent Supply in Profit indicator back to 75% of its long-term average. The analysis pointed out that the Bitcoin market absorbed 48,000 BTC that the German government completed the entire allocation in the past month. The complete exhaustion of German government selling pressure provided ample relief to the market, while early signs of fresh demand spurred positive price action.
● BTC has risen 460% since MicroStrategy adopted Bitcoin strategy
According to Odaily Planet Daily, MicroStrategy co-founder Michael Saylor shared data showing that BTC has risen 460% since MicroStrategy adopted the Bitcoin strategy on August 10, 2020. During the same period, the S&P 500 rose 64%, the Nasdaq rose 62%, gold rose 21%, silver rose 8%, and bonds fell 19%.
● Crypto industry hopes US presidential election will bring about change in law enforcement attitudes
According to ChainCatcher, the cryptocurrency industry hopes that the upcoming US presidential election will bring someone who takes a more moderate approach to law enforcement to the White House, thus ending its long-standing battle with the U.S. Securities and Exchange Commission. Although Trump criticized cryptocurrencies during the last U.S. presidential term, some industry lawyers expect that if Trump wins, the U.S. Securities and Exchange Commission will stop actively enforcing the digital asset market.
● Animoca Brands participates in Hong Kong Stablecoin Issuer Sandbox Program
According to ChainCatcher, Animoca Brands announced that it has participated in the stablecoin issuer sandbox announced by the Hong Kong Monetary Authority in March this year with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom.
According to Odaily Planet Daily, BNB Chain has invested $1 million through its Meme Innovation Campaign to accelerate Meme coin innovation in its ecosystem. In the second phase of the campaign, the "Meme Heroes" support program, BNB Chain will invest funds to support BNB ecosystem meme projects and add liquidity pools (LP) to further develop and grow promising Meme projects. In this program, WHY became the first recipient of Meme Heroes LP support, and BNB Chain will provide WHY with $200,000 in BNB liquidity.
