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💰 Grayscale Ethereum ETF Sees $2B+ Outflows Amid Mixed ETF Trends 📉 Grayscale's Ethereum Trust (ETHE) has experienced over $2.1 billion in outflows, contributing to a net outflow of $54 million across US spot Ether ETFs on August 2. However, the ETF landscape shows varied trends, with some funds like Fidelity's FETH and Franklin's EZET seeing positive inflows. 🖥 Despite ETHE's outflows, Grayscale's Ethereum Mini Trust ETF maintained its $201 million net inflows. Overall, spot Ether ETFs have a total net asset value of $8.3 billion, with cumulative net outflows reaching $511 million since their July 23 debut. Ethereum's price has fallen 5.71% since the ETFs launched, trading at $2,987 at the time of reporting. #ETFvsBTC #grayscale #ETH #SEC #ETFEthereum
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💥 Trump Embraces Crypto: "We Can Pay US Debt with Bitcoin" 💵 Former President Donald Trump has made surprising new remarks about cryptocurrencies, signaling a shift in his stance. In a FOX Business interview, Trump emphasized the need for the US to lead in crypto technology to maintain global competitiveness, especially against China. — Trump now sees crypto as "very interesting" and "high-level, intellectually" — He criticizes the current administration's approach to crypto — Trump boldly suggests using Bitcoin to potentially pay off the $35 trillion US debt 📣 This dramatic change in Trump's crypto stance comes as he argues for increased US involvement in the rapidly advancing cryptocurrency sector. #bitcoin #BTC #MtGox #Trump2024 #TrumpCryptoSupport
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Issues that are causing the market to be corrected at the moment: 🔴 Geopolitics = Concern about the big war between Israel vs Palestine - Iran - Lebanon 🔴 Macro = A high increase in the Unemployment Rate (unemployment) has put America on the brink of recession 🔴 Crypto = MtGox distribution to creditors every day and there is an issue of accelerating distribution #MarketSentimentToday #CryptoNewss #MtGox #war #usgovernment
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⚡️ Bybit Exits French Market Due to Regulatory Pressure ▶️ Cryptocurrency exchange Bybit has announced the suspension of its operations in France, citing regulatory challenges from the Autorité des Marchés Financiers (AMF). French users' accounts will be restricted to "close-only" mode from August 2, with all positions liquidated by August 13. 🔒 Bybit, blacklisted by AMF since 2022 for failing to register as a Digital Asset Services Provider, hopes to return to France after obtaining proper licenses. This move follows increased regulatory scrutiny of crypto exchanges in France, including recent challenges faced by Binance. Bybit's French exit highlights growing regulatory pressures on crypto exchanges in Europe. #Exchange #marketcrash #CryptoNewss #bybit #Binance
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📌 Michael van de Poppe: Bitcoin Entering New Cycle, Caution Advised 📊 Crypto analyst Michael van de Poppe believes Bitcoin needs more time to solidify its position. He advises investors to be cautious when purchasing the token. Van de Poppe emphasizes that BTC is truly the "new gold" and could become a stable store of value amidst global changes. 🎙 The expert predicts a new market growth cycle starting mid-August or early September, lasting until November 2025, with 2-3 corrections along the way. He notes that Bitcoin is ready to enter a completely new development cycle. ℹ️ Van de Poppe reassures that the distrust faced by BTC during each downturn shouldn't frighten market participants. He calls this phenomenon natural and urges investors to expect new price increases, though he doesn't provide specific price targets. #bitcoin #BTC #ETH #Binance #USDT
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