ETFShowdown
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🚫📉 Two US Senators Rally Against Bitcoin ETFs: Coinbase Fires Back with Force! 💥
In a dramatic turn of events, Senators Jack Reed and Laphonza Butler have penned a letter to SEC President Gary Gensler, urging a halt on the approval of any further cryptocurrency ETFs, following the recent green light given to a Bitcoin ETF.
But hold onto your hats, because Coinbase, the renowned cryptocurrency exchange, isn't taking this lying down! 🛡️🔥 Responding with resolute defiance, Coinbase is making its voice heard loud and clear, challenging the senators' stance with fervor.
With the crypto community on high alert, tensions are running high as the battle between regulatory scrutiny and industry innovation reaches a fever pitch. Will the SEC heed the senators' call for a crypto ETF freeze, or will Coinbase's rallying cry for continued progress win the day?
Stay tuned as this epic clash unfolds, shaping the future of cryptocurrency regulation and investment in the United States! 💼💪 #CryptoBattle #ETFShowdown 🚀📈
In a dramatic turn of events, Senators Jack Reed and Laphonza Butler have penned a letter to SEC President Gary Gensler, urging a halt on the approval of any further cryptocurrency ETFs, following the recent green light given to a Bitcoin ETF.
But hold onto your hats, because Coinbase, the renowned cryptocurrency exchange, isn't taking this lying down! 🛡️🔥 Responding with resolute defiance, Coinbase is making its voice heard loud and clear, challenging the senators' stance with fervor.
With the crypto community on high alert, tensions are running high as the battle between regulatory scrutiny and industry innovation reaches a fever pitch. Will the SEC heed the senators' call for a crypto ETF freeze, or will Coinbase's rallying cry for continued progress win the day?
Stay tuned as this epic clash unfolds, shaping the future of cryptocurrency regulation and investment in the United States! 💼💪 #CryptoBattle #ETFShowdown 🚀📈
BREAKING: 🇭🇰 Hong Kong approves multiple spot Bitcoin and Ethereum ETFs applications.
China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum Spot ETFs have been approved by the Hong Kong Securities and Futures Commission.
#BinanceLaunchpool #bitcoinhalving #ETH🔥🔥🔥 #BTC🔥🔥🔥🔥🔥🔥 #ETFShowdown $BTC
China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum Spot ETFs have been approved by the Hong Kong Securities and Futures Commission.
#BinanceLaunchpool #bitcoinhalving #ETH🔥🔥🔥 #BTC🔥🔥🔥🔥🔥🔥 #ETFShowdown $BTC
Crypto VC Funding Declines 20% in Q3 2024: A Shift to High-Risk Investments
The crypto venture capital (VC) market experienced a significant decline in the third quarter of 2024, with funding dropping 20% to $2.4 billion, according to Galaxy Digital's report. This shift reflects a "barbell market" trend, where investors favor high-market-cap assets like Bitcoin and speculative memecoins, leaving mid-tier projects underfunded.
Key Findings:
1. Declining Funding: Crypto VC funding fell 20% to $2.4 billion in Q3 2024.
2. Fewer Deals: The number of deals decreased by 17%, with 478 agreements sealed.
3. Bitcoin Dominance: Bitcoin's spotlight, particularly with spot Bitcoin ETFs, contributed to the decline.
4. Memecoin Rise: Speculative memecoins attracted investment, further slowing mid-tier project funding.
5. Barbell Market: Investors focused on high-risk, high-reward assets, neglecting mid-sized utility tokens.
Market Analysis:
1. Broken Correlation: The link between Bitcoin's price and crypto VC funding has broken down.
2. Weak Allocator Interest: Large allocators, like pension and hedge funds, remain disengaged from early-stage crypto VC investing.
3. Shift to ETFs: Spot Bitcoin ETFs diverted attention from early-stage venture capital investments.
Bright Spots:
1. Early-Stage Deals: Captured 85% of Q3's capital.
2. Key Sectors: Crypto exchanges, trading firms and layer-1 blockchain developers received significant funding.
3. Artificial Intelligence (AI): AI firms, such as Sentient, CeTi and Sahara AI, raised substantial funds.
Outlook:
1. Resurgence Prediction: Falling interest rates may drive renewed VC funding.
2. Post-Terra Collapse: The market's adaptation could lead to increased investment.
3. Growing Demand: Ethereum's spot ETFs may attract more VC interest.
Source: Galaxy Digital's report
$BTC
$ETH
$BNB
#bitcoin☀️ #Memecoins__ #DOGSONBINANCE #ETFShowdown #artificialintelligence
Key Findings:
1. Declining Funding: Crypto VC funding fell 20% to $2.4 billion in Q3 2024.
2. Fewer Deals: The number of deals decreased by 17%, with 478 agreements sealed.
3. Bitcoin Dominance: Bitcoin's spotlight, particularly with spot Bitcoin ETFs, contributed to the decline.
4. Memecoin Rise: Speculative memecoins attracted investment, further slowing mid-tier project funding.
5. Barbell Market: Investors focused on high-risk, high-reward assets, neglecting mid-sized utility tokens.
Market Analysis:
1. Broken Correlation: The link between Bitcoin's price and crypto VC funding has broken down.
2. Weak Allocator Interest: Large allocators, like pension and hedge funds, remain disengaged from early-stage crypto VC investing.
3. Shift to ETFs: Spot Bitcoin ETFs diverted attention from early-stage venture capital investments.
Bright Spots:
1. Early-Stage Deals: Captured 85% of Q3's capital.
2. Key Sectors: Crypto exchanges, trading firms and layer-1 blockchain developers received significant funding.
3. Artificial Intelligence (AI): AI firms, such as Sentient, CeTi and Sahara AI, raised substantial funds.
Outlook:
1. Resurgence Prediction: Falling interest rates may drive renewed VC funding.
2. Post-Terra Collapse: The market's adaptation could lead to increased investment.
3. Growing Demand: Ethereum's spot ETFs may attract more VC interest.
Source: Galaxy Digital's report
$BTC
$ETH
$BNB
#bitcoin☀️ #Memecoins__ #DOGSONBINANCE #ETFShowdown #artificialintelligence
