According to Cointelegraph, asset management giant Franklin Templeton is partnering with Japanese financial group SBI Holdings to establish a new cryptocurrency exchange-traded fund (ETF) management company for "a new generation of investors." ” Provide more opportunities to obtain more diversified investment tools.

Franklin and SBI Holdings to partner on ETFs

According to reports, the two companies have officially signed a memorandum of cooperation (MoU) for the joint venture on July 26.

Jenny Johnson, Chief Executive Officer of Franklin Templeton, said: "SBI's broad reach among Japan's young audience aligns well with our commitment to helping a new generation of investors achieve their goals. This strategic partnership underscores our shared belief that investing It should be easier for investors to acquire first-class financial capabilities.”

Editor's note:

Digital Asset Research uses detailed time range, price range and time angle data to show the high probability of major events or news from August 6 to 12. The article also compares the current market cycle with previous cycles, points out the time patterns of market trend changes, and provides sufficient evidence combined with monthly and weekly chart analysis.

This is something I’ve been discussing publicly for some time, but today I wanted to reaffirm that the evidence suggests there could be a very significant shift in trend and sentiment in Bitcoin and the broader cryptocurrency market between August 6th and 12th.

Can you make money using the barbell strategy in this bull market?

Today I would like to share with you a strategy that can make a lot of money while avoiding losing everything: the barbell strategy.

The performance of the following crypto assets was analyzed through indicators:

Bitcoin’s Forever King: BTC.D Index

Ethereum lags behind Bitcoin at this stage: ETH/BTC exchange rate

The overall sluggishness of altcoins: (1) Altseason index, (2) market value of altcoins

Meme coins have high risk and high returns, outperforming Bitcoin and Ethereum: Meme Coin Index

1. What is the barbell strategy?

The barbell strategy was mentioned by Nassim Taleb in "Antifragility", which is to adopt a conservative strategy in one industry, choose an open strategy in another industry, and abandon the middle path. To put it simply, "most are conservative and a small part are radical."

Pushing Bitcoin Reserve Bill

At Bitcoin 2024, U.S. Senator Cynthia Lummis announced an ambitious plan to propose that the U.S. government purchase and hold 5% of the world’s Bitcoin supply to help reduce the national debt. The proposal aims to purchase 1 million Bitcoins over the next five years, starting with 210,000, and store them in multiple secure locations.

"We will invest in Bitcoin, an asset that will increase in value over time, rather than hold assets that will decrease in value," Loomis said during his speech.

Bitcoin surges to 69,000! Analyst: "These 4 coins" are also trending very strongly

Bitcoin has rebounded sharply from weekly lows recently, indicating positive sentiment in the market for bargain hunting. U.S. presidential candidate Trump's remarks that he would strategically reserve Bitcoin after being elected also temporarily boosted the rally.

As of the time of writing this morning (29th), Bitcoin once again exceeded $69,000 and was quoted at $69,665, with an intraday increase of 1.74%.

Rakesh Upadhyay, a senior analyst at foreign currency media "Cointelegraph", pointed out early this morning that if Bitcoin can definitely break through and stand above $70,000, it may trigger buying of altcoins. The following are the ones he believes have the strongest trends. 4 altcoins.

Why is token unlocking important to care about?

Are you unfamiliar with the term “unlocking” the cryptocurrency market? If you are an investor who intends to deeply understand the market, unlocking the possible impact on the price of tokens is an event that you must pay close attention to.                                   

What is token unlocking? When each project issues native tokens, they are usually allocated to developers, early investors, etc. in proportion. This is the token distribution model. In order to avoid the tokens encountering huge selling pressure when the project is launched, many projects will set up A "lock-up period" is set to lock the tokens held by relevant persons for a period of time so that they cannot be traded immediately. Then at a specific point in time, these tokens will be partially unlocked, allowing holders to trade freely.​

Grok 3.0 is coming soon: Musk is full of confidence

In an interview at the Gigafactory in Texas, tech giant and innovator Elon Musk discussed a number of topics with psychologist Dr. Jordan B. Peterson, one of which was his startup xAI The artificial intelligence developed - Grok AI.

Musk revealed that Grok 2.0 has completed training and will be released to the world at the end of 2024. He said that Grok 2.0 will be comparable to OpenAI’s ChatGPT-4, and even hinted that the next version of Grok may completely surpass OpenAI’s products. Musk confidently stated that Grok 2.0 has completed training using about 15,000 H100 GPUs. The xAI team is currently fixing loopholes and making detailed adjustments. Grok 2.0 is expected to be launched in August, by which time it will reach or be very close to OpenAI’s ChatGPT. -4 level.

MAS invests 74.3 million magnesium to enhance quantum computing and AI capabilities

The Monetary Authority of Singapore (MAS) recently announced that it will invest US$74.3 million (approximately S$100 million) to enhance its quantum computing and artificial intelligence (AI) capabilities in the financial industry. This capital injection is intended to help local financial institutions establish quantum computing infrastructure and accelerate the development and application of AI.

This is the latest initiative by MAS to strengthen Singapore’s position as a fintech hub. As early as 2022, MAS launched the Financial Sector Technology and Innovation Scheme (FSTI 3.0) and committed to investing US$111.5 million (approximately S$150 million) over three years. This additional investment of US$74.3 million further demonstrates the Singapore government’s determination to promote financial technology innovation.

Nomura's innovative high-yield ETF

Laser Digital, a unit of Nomura Holdings Inc., plans to launch a high-yield ethereum ETF by September. The new fund, backed by Galaxy Digital and crypto startup Dinero, aims to provide institutional investors with access to the Ethereum staking market. This is a component that other U.S.-issued ETFs have been forced to exclude in order to gain regulatory approval.

Sebastien Guglietta, head of asset management at Laser Digital, said: “This fund provides institutional investors with the opportunity to capture both the price appreciation potential of Ethereum and the additional benefits of staking. This move comes at a time when the recently launched Ethereum ETF in the United States failed to include staking. mechanism."

Gold-backed stablecoin receives lukewarm response

Five weeks ago, Tether, one of the most profitable companies in the cryptocurrency industry, launched a new token, Alloy ($aUSDT), in partnership with its subsidiaries Moon Gold and Moon Gold El Salvador. The stablecoin giant, which manages more than $114 billion in assets and generates annualized profits of $18 billion, claims that $aUSDT will “redefine stability in the digital space.” However, available data shows that only five wallets have opened $aUSDT positions, with just 34 wallets holding the token.

Source: Tether Alloy current data compilation

Sister Mumu: The future of Bitcoin lies in the integration of technology

At this year’s Bitcoin 2024, Cathie Wood, the founder and CEO of Ark Invest, once again became the focus. She discussed with Alyse Killeen, founder and managing partner of Stillmark, at the conference's "Bitcoin & Macro Investment Trends" panel, and emphasized that Bitcoin will play an important role in the integration of future technologies and will unleash new opportunities for investors. a lot of key information.

Source: Bitcoin Magazine Youtube channel screenshot Cathie Wood, founder and CEO of Ark Investment, and Alyse Killeen, founder and managing partner of Stillmark, discuss at the "Bitcoin & Macro Investment Trends" panel

The future of Bitcoin mining

At Bitcoin 2024, Marathon Digital Holdings CEO Fred Thiel joined CleanSpark CEO Zachary Bradford and Riot Platforms CEO Jason Les to discuss the future of the mining industry at the "Risk/Reward: Public Mining Companies" panel.

Source: Bitcoin 2024 Marathon Digital Holdings CEO Fred Thiel discusses the future of the mining industry with CleanSpark CEO Zachary Bradford and Riot Platforms CEO Jason Les

“In the upcoming U.S. presidential election cycle, the main points of attack for the mining industry will continue to be energy policy and banking,” Thiel said.

On July 22, Musk changed his laser eye account avatar at the request of X platform user @Chriswinig.

Due to the existence of the Bitcoin meme#LaserRayUntil100K(referring to the laser eye avatar until the price of Bitcoin exceeds $100,000), this move is regarded as another explicit support for the cryptocurrency industry from Musk (although its It has been changed back to the original avatar).

For a time, Musk once again became the "cryptocurrency focus", and it has been 3 years since he last changed his avatar to a "laser-eyed girl". Odaily Planet Daily will sort out and summarize Musk’s behaviors and concepts related to the cryptocurrency industry in this article, so that readers can get to know the “technology madman” behind SpaceX and Tesla from more perspectives.

Recently, the impact of Trump's assassination has been huge, triggering turbulence in the global financial market to a certain extent. Gold has broken new highs and Bitcoin has returned to the 60,000 mark. Two outstanding reporters at the scene captured two shocking photos with their keen lenses. In the first picture, Trump looked like a martyr who shed blood and sacrificed his life; in the second picture, he even created the image of Trump as a great warrior and leader. The two photos spread quickly, not only solidifying Trump's image as an American hero, but also unexpectedly triggering a widespread wave of support. Even business giants and social leaders who had long been critical of him have changed their stance and expressed support for him.

Beginning

Today we explore how key general economic factors—global liquidity, interest rates, inflation, and Federal Open Market Committee (FOMC) announcements—affect Bitcoin price during a bull market. Using historical data from the beginning of 2014 to the present, we use statistical and econometric analysis to identify trends and correlations, provide insights into how these factors influence market behavior and inform investment strategies.

data collection

We collect the following data from reliable sources:

Interest rates: US Federal Reserve economic data (FRED).

At the Bitcoin 2024 conference, former US President Donald Trump took the stage to give a speech for the first time. At the beginning of his speech, Trump expressed his gratitude to the Bitcoin enthusiasts present. He mentioned: "Bitcoin people, thank you very much, hello everyone, I am very happy to be with you." He also thanked the conference for cooperating with the Secret Service's request and will It was originally scheduled to start at 3:00 Taipei time, delayed by 18 minutes.

The entire speech lasts about 50 minutes. If you are interested, you can watch it on the official Youtube channel of Bitcoin Magazine

"CryptoCity" also helps you sort out the top ten key points of Trump's speech:

Toyota partners with Ethereum to advance automotive digitization

Japanese car giant Toyota is considering introducing Ethereum blockchain technology into its car systems to increase the value and safety of cars. According to a recent blog post from Toyota Blockchain Lab, Toyota is researching how to bring automotive mobility to a public blockchain. The concept, first announced in April 2023, aims to make cars more digital through blockchain technology.

Toyota has proposed a Mobility-Oriented Account (MOA) based on the Ethereum ERC-4337 standard, aiming to improve the wallet user experience and provide additional features such as multi-user operation. This standard not only eliminates the reliance on seed phrases, but also allows car owners, dealers and administrative agencies to participate in the transaction approval process.

Lawmakers blast existing leadership for blocking innovation

At the Bitcoin 2024 conference, U.S. Senators Cynthia Lummis and Tim Scott delivered speeches that attracted widespread attention. The two senators jointly said that the current leadership of the Senate Banking Committee is hindering innovation in the United States, especially regarding the development of Bitcoin and cryptocurrency.

"We have to get rid of those who stand in the way of innovation," Scott made clear, suggesting voters should overturn the Democratic majority in the upcoming November election.

Kennedy Jr.’s Bitcoin Vision

At the 2024 Bitcoin Conference, independent U.S. presidential candidate Robert F. Kennedy Jr. proposed an ambitious plan. If elected president, he would purchase 550 Bitcoins per day as a U.S. strategic reserves. This declaration triggered widespread attention and discussion in the cryptocurrency community.

In his speech, Kennedy Jr. said that if elected, he would sign an executive order requiring the U.S. government to purchase 550 Bitcoins per day until the reserve reaches 4 million Bitcoins (currently worth about $270 billion). He believed this would give the United States a dominant position in the global economy. He also plans to direct the Internal Revenue Service (IRS) to issue public guidance stating that all transactions between Bitcoin and U.S. dollars are non-reportable, tax-free transactions.

Bitcoin supporters warned of political risks

At Bitcoin Conference 2024, former National Security Agency (NSA) employee and whistleblower Edward Snowden issued a warning to Bitcoin supporters, reminding them not to blindly follow crypto-friendly politicians.

Snowden emphasized: "Vote, but don't join a cult."

Snowden began his speech by saying he did not want it to be too political, but later reiterated the call. In the middle section, he cautiously discusses the prospects for political change brought about by the election, likening it to a reshaping of authority without changing the medicine. "For the average worker, whether it's this election or any election in the last 20 years, the result is often just the same police officers in different uniforms. And that's the problem," he said.