⚡️Crypto News Digest: Key Updates You Need to Know
The current report features updates of Lumia, EigenLayer, Scroll, Worldcoin, Initia, Bitget Wallet, Hatom, Robinhood, pSTAKE, Kraken, BNB Beacon Chain, and RWA Inc.
$LUMIA $ORN $EIGEN $SCR $WLD $BWB $HTM $BTC #Bitcoin #BTC $ETH #Ethereum #ETH $PSTAKE $BNB $RWA
For the second quarter running, the asset manager of Morgan Stanley, $1.3 trillion, reported exposure to US Bitcoin spot exchange-traded funds.
In a 13F-HR/A filing with the US Securities and Exchange Commission on Thursday, Morgan Stanley disclosed it holds $272 million worth of the Bitcoin investment vehicle as of the end of the third quarter. Notably, this was a mere 0.02% of the asset manager’s $1.3 trillion holdings.
Meanwhile, a chunk of the funds were invested in the BlackRock iShare Bitcoin Trust (IBIT). Morgan Stanley revealed it owns 5.5 million shares purchased in the second quarter. The shares’ value was $187.7 million at the time of purchase. However, it has surged to $209 million over the last quarter, accounting for a 10.2% increment.
Furthermore, Morgan Stanley disclosed that it held on to its investments in the Ark 21 Shares Bitcoin ETF (ARKB) but significantly reduced its exposure to the Grayscale Bitcoin Trust (GBTC). The filing revealed that it lowered its GBTC shares from $270 million to $148,000.
#Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
🚀 Bitcoin Bulls Charging Ahead! 🚀
Anthony Pompliano, our favorite Bitcoin cheerleader, predicts a bullish run for BTC thanks to global interest rate cuts and increased liquidity. The US Fed's recent 50 basis-point cut is just the beginning, he says.
- Lower rates + more liquidity = Bitcoin boom! 📈
- This trend will continue, no matter who wins the upcoming presidential election.
Pompliano notes that every president (except Bush during the 2008 crisis) has seen stock market gains. Why? "We devalue the dollar," he says.
Agree or disagree? Drop your thoughts in the comments! 💬
For more insights, watch the full interview on our channel and subscribe!
🚀 **Bitfinex Invests in Plasma to Boost Bitcoin Payments!** 🚀
- Bitfinex has invested in Plasma, a platform focused on payments, real-world assets, and DeFi infrastructure on Bitcoin.
- Announced on Oct. 18 via X, the investment aims to scale Tether (USDT) usage on Bitcoin.
- Plasma plans a zero-fee payment rail for USDT, allowing users to send dollar-denominated assets globally with no fees.
- The platform supports BTC gas fees, staking, and Ethereum virtual machine compatibility.
- Bitfinex CTO Paolo Ardoino emphasizes the importance of building on Bitcoin's secure network.
💬 What do you think about this move? Share your thoughts in the comments!
#reef. — Panic Sell 🔽
Over the last month and a half we have seen active growth of REEF, quite significant, without any correction by more than 1500%🔼
And literally in 1 day , all the growth was swallowed up by panic selling, the price fell by more than 80%, from $0.01 to $0.0017🔽
That's because three different crypto wallets, all believed to belong to the same organization, panicked and sent 866 million REEF tokens worth $2.07 million to exchanges HTX, KuCoin, and Gateio. The whales' wallets lost $2.53 million, or 55%, as a result of these sales.
These whales now hold REEF worth only $204,000 and have a total unrealized loss of $270,000.
What do you think about REEF, is it worth buying?
#Reefpriceanalysis #REEFUSDT #REEF/USDT #ReefChain
🚀 Bitcoin Whales Are Back in Action! 🐋
- Bitcoin (BTC) is flirting with the $70,000 mark again, and whale wallets are gobbling up BTC like it's a Black Friday sale!
- CryptoQuant's Woominkyu notes this whale activity mirrors the BTC rally from July 2020 to January 2021.
- Whales have amassed over 1.5 million BTC in the past six months, each holding more than 1,000 BTC.
- New whale wallets now hold 9.3% of the total BTC supply, with a staggering 813% increase YTD.
- While long-term holders and miners might add some resistance, short-term holders are in accumulation mode.
Stay tuned, folks—Bitcoin's next move could be epic!
🚀 Bitcoin Nears $70K: Whales on a Feeding Frenzy! 🐋
Bitcoin's price is eyeing the $70,000 mark, and whale wallets are gobbling up BTC faster than a kid in a candy store! This trend mirrors the 2020-2021 rally when Bitcoin skyrocketed by 550%.
CryptoQuant's Woominkyu notes that whales are gearing up for a long-term surge, despite short-term volatility. With over 1.5 million BTC accumulated in the past six months, these whales now hold 9.3% of the total supply.
Long-term holders might stabilize, but short-term holders are in accumulation mode. What’s your take? Comment below! 💬
#Bitcoin #CryptoNews #BTC