In this week’s Digital Asset Digest, we discuss what’s next for the crypto market following the global market sell off earlier this week, Morgan Stanley’s 15,000 financial advisors to begin pitching Bitcoin ETFs to eligible clients, Genesis Global’s completed restructuring and distribution of $4 billion to creditors, Ledn’s $1.16 billion of issued loans in H1 2024, the Bitcoin Fear and Greed Index being at comparable levels to post-FTX collapse, Crypto.com taking the lead in trading volume among USD-supported exchanges, staked ETH nearing 30% due to immense demand surge in liquid staking and restaking protocols, and more. Subscribe to our weekly Digest, it’s free: bit.ly/DigitalAssetDigest #Crypto #DigitalAssets #Web3 #DigitalAssetDigest #NinepointDAG
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In Asia, Bitcoin investors are navigating through turbulent market swings, allegedly influenced by automated trading bots reacting to data coming from spot Bitcoin exchange-traded funds (ETFs). Arbelos Markets president Shiliang Tang emphasized the importance of automated bots, stating they can "auto-scrape data and trade accordingly.” Despite the overheated market and considerable turbulence in the crypto space since January, Galaxy Digital CEO Novogratz remains optimistic for SEC approval of Ethereum ETFs later this year. www.trademarkets.eu Risk Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86.23% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. #tradingnews #trademarket
Asian Crypto Challenges
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In this week’s Digital Asset Digest, we discuss this recent market dip and why we remain bullish, Standard Chartered’s $150K Bitcoin price forecast, BlackRock’s partnership with Securitize to launch a digital liquidity fund, FTX’s Sam Bankman-Fried facing 40 to 50 years in prison, Utah judge’s order for SEC to pay sanctions due to bad faith actions in DEBT Box case, digital asset funds $100 billion milestone in assets under management, Bernstein’s $7.5 trillion crypto market projection in 2025, Solana’s Google search interest surpasses Ethereum, and more. Subscribe to our weekly Digest, it’s free: http://bit.ly/44icx6m #Bitcoin #Ethereum #Web3 #DigitalAssetDigest #NinepointDAG
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In this week’s Digital Asset Digest, we discuss the growing investment case for Ethereum, the London Stock Exchanges’ decision to accept Bitcoin and Ether ETNs, Bloomberg ETF analysts’ revised ETH ETF approval odds by May, Mastercard’s on-chain payment card pilot with Metamask to enable everyday purchases, Hong Kong’s Central Bank’s regulatory sandbox initiation for stablecoin issuers, Ethereum’s supply burn since the Merge, some of the largest BTC holders by category, Bitcoin flipping silver and becoming the 8thlargest asset in the world, and more. Subscribe to our weekly Digest, it’s free: http://bit.ly/44icx6m #Ethereum #ETH #Web3 #DigitalAssetDigest #NinepointDAG
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Is it time to get on the crypto train? Bitcoin is once again in the news and making record highs with the new ETFs, the promise of new regulations plus the volume of investment into it, with institutional investors taking notice. While it shows lots of promise with a radical technological approach to alternative finance, it’s still a wild ride and on a fundamental level poses challenges on how you value it against a more traditional tangible investment. Seeing knowing how fast it moves, and by how much, I won’t be betting the house on it just yet, still it’s better odds than the lottos so maybe redirect the lotto budget?
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Here are the key reads of week 09/2024 🚨 +++ Markets +++ + Wyden Announces Growth in 2023 + + Crypto Exchange Introduces Kraken Institutional + + The Role of RWAs in the Evolution of Stablecoins + + Digital Innovation Awaits the Funds Industry + + EigenLayer’s $100M Haul Ignites Series of Adjacent Investments + +++ Trading +++ + Bitcoin Holds Above $63k After Inflation Rises as Expected + + Crypto Entering Its Parabolic Phase + + Coinbase Crash Could Mean Another Bitcoin Bull Run Is Coming—Here's Why + +++ Regulation +++ + ‘No Real Progress’ on Consolidated Supervision of Crypto Intermediaries + + Market Should Prepare for Compressed Settlement Cycles Globally + ...and much more. ✅ Subscribe & join 16,000+ others: https://lnkd.in/ehTet5Cj #crypto #digitalassets #FX #quanttrading #BTC #ETH #hedgefunds #banks
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When #Bitcoin #ETFs were approved for trading one of the topics of conversation that #BTC maximalists were reticent to confront was exactly what is being described in the below article. All things equal, BTC in the form of #IBIT is far more attractive to developed market investors than BTC held on a crypto exchange. The #SEC has blessed it, BlackRock put its name on it, it sits inside a regulated and easy own traditional #brokerage account, #trading costs are nil, holding costs for now are nil - why take more risks to own the same asset? As a result of all this, ETFs and their inflows/outflows are becoming THE pricing mechanism for the underlying, or as they say, the tail is wagging the dog. Add to all this the fact that the the dog (BTC) is at this point just a "holding" asset, that anyone who is trying to build things on the network is finding that Lightning (the tool that was going to make the Bitcoin Network usable for "things" that the network cannot do) is apparently bailing out (https://lnkd.in/eZDTxYi8) and all you ave left is flows (vs. say fundamentals) to determine price. more ETF buyers = price UP, more ETF sellers = price DOWN - the independent, #decentralized, #TradFi alternative to corrupt #WallStreet is priced by the largest asset managers in the world on traditional stock exchange. That loud sound you are hearing is #Satoshi crying tears of pain. https://lnkd.in/eBWev4uC
Bitcoin Algos Tracking ETF Flows Cited for Token’s Swings in Asia
bloomberg.com
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Daily News: Standard Chartered has raised its 2024 Bitcoin forecast to $120,000. Stay informed with the Wolf Pack and access updates on crypto forecasts. Trade confidently with Werewolf.Exchange, leveraging unique features like bulk buying and over-the-counter (OTC) trading to maximize your trading potential. Stay ahead of market trends and make informed decisions about your investments. Join us and embark on your journey to financial success. #DailyNews #StandardChartered #BitcoinForecast #CryptoUpdates #WolfPack #CryptocurrencyNews #WerewolfExchange #JoinTheWolfPack #CryptoForecasts #TradeConfidently #BulkBuying #OTCTrading #FinancialSuccess #MarketTrends #InvestmentDecisions
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🚀 What's amazing about crypto is how quickly everything can change. #BTC review Just on Saturday morning, after the unclear close of the Friday daily candle, a mature double top was forming on the weekly timeframe with targets around $50,000 at best. The "It's over" vibes were strong, with thoughts of a full-fledged bear market. Everything seemed grim. On Sunday, news of another batch of SEC remarks on the ETH ETF with a deadline of July 7 emerged, meaning the launch is postponed. Not great for already struggling alts. Plus, the potential Mt. Gox distribution in July added to the full set of troubles. #MtGox 📈 And then BTC suddenly makes progress with a $2000 move on the daily Sunday candle (on a weekend!), pulling in the weekly bar. The technical picture becomes much more interesting. 💪 Therefore, I think we are in for another move towards $70,000. And then we'll see. Just in case, I drew arrows to later refer to this post and say, "I told you so." #Bitcoin #Crypto
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#OSLInsights🏛️ 💻 🚀 Bullish Signals for #Bitcoin, Michael Saylor's Optimism, #Ethereum's Challenges, and Tactical Trading Success 📈 🔹 #MicroStrategy's Michael Saylor envisions major banks as the future custodians of #BTC. 🔹 #MichaelSaylor predicts an 'unprecedented' demand surge for Bitcoin, underscoring its financial resilience. 🔹 #ETH grapples with a bear market hangover as its MVRV Ratio lags below the 180-day MA. 🔹 An astute Ethereum trader capitalises on price fluctuations with a strategic $7.6M sell-off. 🔹 Billionaire investor #StanleyDruckenmiller sees Bitcoin as a valuable brand and easy store of value. Join our Telegram channel for full updates 📲 💬 https://t.me/osldotcom
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1) Crypto derivatives popularity: As crypto markets evolve, derivatives trading is gaining traction, attracting experienced traders looking for more sophisticated options. 2) Inverse contracts: Most platforms, like Deribit, use inverse contracts, where the contract’s value is inversely related to the price of cryptocurrencies like Bitcoin. Profits and losses are settled in crypto, adding volatility and complexity. 3) Volatility risk: Inverse contracts expose traders to higher risks due to volatile pricing mechanics, making it challenging for newer traders while offering potential high returns in volatile markets. 4) Stablecoin-backed options: Platforms like Thalex offer stablecoin-backed options, reducing volatility risks and providing simpler pricing. This appeals to newer or cautious traders but might limit yield potential for risk-takers. 5) Competition and innovation: The rise of stablecoin-backed options reflects growing competition in the crypto derivatives market, driving the need for innovative and accessible trading tools. #CryptoDerivatives #InverseContracts #StablecoinOptions #CryptoTrading #VolatilityRisk #CryptoInnovation #Deribit #Thalex #CryptoFinance
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