Daily CRYPTO NEWS recapšš„- 06.07.2024
ā¢Spot Bitcoin ETFs see record inflows after $BTC 's July 4 dip
After recently dropping to around $54K, Bitcoin has experienced massive inflows from spot ETFs, with a remarkable $143.1 million flowing into these financial products. Bitcoin's pullback is often seen as a great opportunity to accumulate this asset, leading to a "buy the dip" mentality that drove people to purchase a significant number of ETFs.
ā¢Taiwan Mobile receives VASP license and enters crypto arena
Taiwan Mobile, the second-largest telecommunications provider in the country, has obtained a virtual asset service provider (VASP) license from the Financial Supervisory Commission (FSC), according to local reports. This license paves the way for Taiwan Mobile to launch a cryptocurrency exchange. To secure the VASP license, the company had to comply with several Anti-Money Laundering (AML) requirements. Meeting these requirements makes the company eligible for membership, opening another source of inflows into the cryptocurrency market and strengthening the global position of digital assets.
ā¢Mt. Goxās $8.2 billion in Bitcoin ready for distribution, could it be sold entirely?
Most of the repaid Bitcoins from the defunct crypto exchange Mt. Gox could be market-sold, potentially causing additional downward pressure on BTC. Many analysts believe that these repayments are likely to be sold immediately at market price, as this is currently happening with most of the distributed coins. However, currently distributed only around 0,1%, so this assumptions are not fully accurate.
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