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WOTD with 8 letters in it is CONTRACT
Thank me later 👌🏽
$PEPE 

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Japan's state pension fund, the world's largest, is seeking information on bitcoin ( $BTC ) as it considers options for portfolio diversification in response to changes in society, the economy and technology. The Government Pension Investment Fund (GPIF), which has $1.4 trillion in assets under management, requested data on potential investment diversification tools such as bitcoin and precious metals like gold, which the company considers illiquid and does not currently hold, it said Tuesday. For the time being, GPIF invests in domestic bonds, domestic stocks, foreign bonds, foreign stocks, private equity, real estate and infrastructure. While the pension fund is seeking information about bitcoin, there's no guarantee it will choose to invest in the world's largest cryptocurrency once the evaluation is completed. The fund is seeking basic information, including academic studies, analytical tools and indexes "including investment examples, investment philosophy, how to incorporate into the portfolio of pension funds," it said. Some pension funds, like the Houston Firefighters pension fund and South Korea's National Pension Service, already invest in bitcoin and crypto-related assets. Crypto proponents have long hailed bitcoin as an ideal investment for pension funds, citing a low correlation with traditional assets. The cryptocurrency, however, has tended to move in lockstep with technology stocks over the years. The announcement comes weeks after the Japanese cabinet signed a bill allowing venture capital firms and investment funds to hold crypto assets. The bill has yet to be passed by parliament. Edited by Sheldon Reback. $BOME $PEPE 100% soon.

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*Copy my trades on spot trading under the name Pierre971* Binance offers a Copy Trading feature that lets users replicate the trades of experienced traders, making it easier for beginners to enter the crypto market. By using this feature, you can follow and execute the same trades as your selected Lead Trader without having to constantly monitor the market In other words.. Just sit back and relax. The copy traders will do the money for you. You can copy my trades in spot trading under the name Pierre971. $BTC $PEPE $BOME

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$BTC continued its descent on Monday, sliding below $60,000 for the first time since May 3. The price of the flagship cryptocurrency was last down 7% at $59,562.54, according to Coin Metrics. Earlier, it fell as low as $59,021.42, about 19% from its March record. In the past week, it’s fallen nearly 11%. Crypto investment products notched a second consecutive week of outflows, according to crypto-focused asset manager CoinShares. Last week, they saw their lowest trading volumes globally since the U.S. bitcoin ETFs launched in January. “We have now seen $1.2 billion of outflows from crypto ETFs over the last two weeks which all began after the FOMC meeting. Our belief is that continued pessimism over the number of rate cuts is weighing on sentiment for crypto,” James Butterfill, head of research at CoinShares, told CNBC. “The Fed have indicated they need to see further evidence of inflation falling before they become more dovish, so any macro say that highlights inflation continues to fall will likely support prices, and conversely, an inflationary date will weigh on prices,” he added. Eleanor Gaywood, head of strategy at Coincover, said there are often market jitters ahead of the personal consumption expenditure index, the Fed’s preferred inflation gauge, which is due this Friday. She said signs of a rate cut in September could ease investor nerves and steady bitcoin’s price. You can copy my trades in spot trading. Just type in my name on the search in copy trading and type in: Pierre971 and tap on copy. $PEPE $BOME

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