💰 Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs?

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Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs?

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💰 Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs?

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🇺🇸 FED's Bostic says he is open to another 50bps interest rate cut in November.

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🇺🇸 Niraj Antani, Ohio State Senator introduces bill to require Ohio to accept #Bitcoin💰 for taxes.
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💰 US Bitcoin ETFs Close In on Satoshi’s BTC Stash, Holding 924,768 BTC

Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn’t include the hefty BTC stash held by Grayscale’s GBTC, which has experienced a total outflow of $20 billion. Right now, these bitcoin funds hold an impressive 924,768.09 BTC, and if they continue scooping up BTC at their current pace, they could surpass Satoshi Nakamoto’s famous 1 million BTC in just over a month.

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🔥 ECB cuts interest rates again by 0.25 percentage points.

The FED is next 🚀

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#STX (update)

After a long downtrend, we've finally broken out of the channel.

A massive bullish rally could be on the horizon! 📈

Target: 2.73 (+83.93%). Will the rally hold strong? 💪

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#FET (update)

Running in +25% Profit So Far😎

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#Ankr
On Verge Of Massive Breakout Expecting 2x Bullish Wave In Case Of Successful Breakout

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DEX wars heat up as Uniswap's dominance slips to 36% amid rising competition

The DEX landscape is undergoing some diversification, with Uniswap's once-dominant market share facing a steady erosion. This change-up in market share could signal more competition and innovation in decentralized trading. Uniswap's market share has dropped from more than 50% in October 2023 to 36% today.

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🪙 Ethereum Clocks Worst Month in Over Two Years

Ethereum had its worst month in over two years as a series of factors, from exchange-traded funds (ETFs) outflows to lack of mainnet activity, are conspiring to produce a very bearish bull market. ETH dropped 22% in August, the worst monthly performance since Terra’s implosion in June 2022, when the asset plummeted 45%. Meanwhile, Bitcoin dropped 8% in the same month, while the rest of the cryptocurrency market’s capitalization declined by 5% to $2.1 billion from $2.2 billion.

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🪙 Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise

Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Despite ethereum (ETH) facing challenges against bitcoin (BTC) and solana (SOL) throughout 2024, its network remains the reigning champion in the world of defi value.

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Ethereum's Gas Fees Remain Low While Network Turns Inflationary

According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting around 0.972 gwei as of press time. Additionally, ultrasound.money data reveals that Ethereum’s issuance rate is currently inflationary, clocking in at 0.734% per year.

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🪙 Vitalik Buterin Moves Millions in Ethereum Sparking Debates About ETH Sales

Ethereum co-founder Vitalik Buterin has once again transferred a large amount of ETH, sparking fresh discussions within the crypto community. According to a report from Lookonchain, Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. Shortly after, 190 ETH from this wallet was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar.

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Ethereum research team numbers surge 2,100% since 2019

The brainpower behind Ethereum development skyrocketed by over 2,100% during the past five years, flashing a positive sign for the world’s second-largest blockchain network. The researchers behind the Ethereum network grew from just around 25 in the first quarter of 2019 to a peak of around 550 in the first quarter of 2024, marking a 2,100% increase.

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#AAVE/USDT

Looking for a breakout of the Cup & Handle accumulation📈

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🟠 Binance exec seeks bail in Nigeria amid deteriorating health issues

Detained Binance executive Tigran Gambaryan, facing money laundering charges in Nigeria, made a fresh bail request on medical grounds during his court appearance on Sept. 2, according to a family statement shared with CryptoSlate. Gambaryan’s legal team cited his deteriorating health in prison as the basis for the application. They reported that his condition has worsened to the point where they cannot meet with him to prepare adequately for the trial.

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💰 Metaplanet teams up with Japan’s SBI for enhanced regional Bitcoin custody and trading

Bitcoin investment company Metaplanet has formed a strategic partnership with Japan’s financial giant SBI through its crypto investment service, SBI VC Trade, for Bitcoin trading and custody, according to a Sept. 2 statement. Metaplanet emphasized that this partnership aligns with its ongoing strategy to engage with key industry players in Japan who support its corporate Bitcoin accumulation plan.

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💰 #OP/USDT

Bears are exhausted!

We have a Falling Wedge completed perfectly at the Key Zone + overall Higher Lows structure🔥

I am bullish on $OP for mid-term📈

✔️TP1 - 3.4$
✔️TP2 - 4.05$
✔️TP3 - 7.2$

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