$BTC
- The Bitcoin ETF acquired 15,421 BTC in a week, while miners only produced 3,150 BTC, indicating a potential supply shock.
- The adoption of Ordinals could bring significant new user growth to Bitcoin.
- Presidential candidate Donald Trump pledges to support Bitcoin, oppose CBDCs, and pledge to protect the cryptocurrency self-custody rights of 50M US users. This suggests that the future regulatory environment will support Bitcoin innovation.
- If re-elected, Trump vowed to commute Ross Ulbricht’s prison sentence, making himself a pro-crypto candidate to appeal to liberal voters.
- The approval of the Ethereum ETF is pushing Bitcoin stakeholders to innovate with support for Ordinals, cross-chain BTC, better wallet user experience, and more frequent consensus upgrades.
- Ethereum ETF approval paves the way for more crypto funds, with demand estimated at 20-25% of Bitcoin ETFs.
- Ethereum price fell on news of SEC approval of ETF, showing the impact of regulation on pricing.
- Spot Ethereum ETF trading may launch before the 2024 US election.
- SEC approval of an Ethereum ETF could spur the launch of more diverse crypto funds and drive billions in institutional investment. Demand is estimated at 20-25% of Bitcoin ETF levels.
- ETH’s recent price decline reflects caution over regulatory approval timelines. Ether ETF becomes political issue ahead of 2024 election.
- The key narrative for wider adoption of Ethereum is that it adds value to the proposition and is now considered a significant investment by the world’s largest asset managers.
- Hong Kong may allow spot ETH ETFs with collateral, unlike US regulations.
- Solana’s latest developments: faster competition entries, on-chain asset movement, private lending, mobile apps, liquidity/market makers.
- deBridgeFinance won the LFG community vote with 59% support and will list LFG in the next few months.
