Crypto Market on the Edge: Volatility Ahead as Macro Events and Political Uncertainty Loom
🚨Bernstein ($725 Billion AUM) predicts Bitcoin could skyrocket to $90,000 if Trump wins the election this year!
🇯🇵 A subsidiary of Japan’s power company, TEPCO, is using renewable energy to mine Bitcoin.
The company aims to prevent wasted renewable energy through curtailment and promote the widespread use of Bitcoin mining.
‘Big sybil hunt’ and durable users helped LayerZero airdrop succeed, says CEO
LayerZero’s native ZRO token has vastly outperformed the tokens of other projects including ZKsync and Starknet, which were airdropped around the same time.
🇳🇬Nigeria’s SEC is set to crack down on unregulated crypto exchanges to protect investors and promote innovation in the growing market.
🤓Investors withdrew more than $1 billion in a week from crypto ETFs
•For 8 trading days, US spot ETFs have seen capital outflow. Such long periods have never been seen since their launch in January.
•For comparison, in March, when the Bitcoin rate reached its maximum values, the daily inflow of funds into these funds averaged $1 billion. In total, 12 funds manage assets worth $46 billion. At the peak, the figure reached $62 billion.
•Similar funds based on Ethereum are in a similar situation. The net outflow of funds in "ethereum" funds (inflows minus outflows) has been continuing for several weeks in a row.
📊 Chances of winning 🇺🇸 US Presidential Election :
Trump: 52% chance
Harris: 48% chance
(Based on polls and prediction markets)
🇺🇸 Yellen says U.S. economy remains solid, on path to 'soft landing' with no meaningful layoffs
🇺🇸 US President Biden has spent 40.3% of his presidency on vacation.
🚨🚨 #Ethereum💰 Foundation sells 450 ETH for $1.04M, converts to DAI stablecoin.
🚨🚨 BIG WEEK AHEAD:
Macro Events:
Sept. 9 - Apple Event (AI)
Sept. 10 - Trump vs. Harris Debate
Sept. 11 - U.S. CPI report
Sept. 12 - ECB Interest Rate Decision👀; U.S. Jobless Claims and PPI.
Crypto Highlights:
Sept. 10 - #Coinbase💰CEO Brian Armstrong speaks at the Goldman Sachs Conference.
Expect high volatility in the market.
#cryptonews
🇯🇵 A subsidiary of Japan’s power company, TEPCO, is using renewable energy to mine Bitcoin.
The company aims to prevent wasted renewable energy through curtailment and promote the widespread use of Bitcoin mining.
‘Big sybil hunt’ and durable users helped LayerZero airdrop succeed, says CEO
LayerZero’s native ZRO token has vastly outperformed the tokens of other projects including ZKsync and Starknet, which were airdropped around the same time.
🇳🇬Nigeria’s SEC is set to crack down on unregulated crypto exchanges to protect investors and promote innovation in the growing market.
🤓Investors withdrew more than $1 billion in a week from crypto ETFs
•For 8 trading days, US spot ETFs have seen capital outflow. Such long periods have never been seen since their launch in January.
•For comparison, in March, when the Bitcoin rate reached its maximum values, the daily inflow of funds into these funds averaged $1 billion. In total, 12 funds manage assets worth $46 billion. At the peak, the figure reached $62 billion.
•Similar funds based on Ethereum are in a similar situation. The net outflow of funds in "ethereum" funds (inflows minus outflows) has been continuing for several weeks in a row.
📊 Chances of winning 🇺🇸 US Presidential Election :
Trump: 52% chance
Harris: 48% chance
(Based on polls and prediction markets)
🇺🇸 Yellen says U.S. economy remains solid, on path to 'soft landing' with no meaningful layoffs
🇺🇸 US President Biden has spent 40.3% of his presidency on vacation.
🚨🚨 #Ethereum💰 Foundation sells 450 ETH for $1.04M, converts to DAI stablecoin.
🚨🚨 BIG WEEK AHEAD:
Macro Events:
Sept. 9 - Apple Event (AI)
Sept. 10 - Trump vs. Harris Debate
Sept. 11 - U.S. CPI report
Sept. 12 - ECB Interest Rate Decision👀; U.S. Jobless Claims and PPI.
Crypto Highlights:
Sept. 10 - #Coinbase💰CEO Brian Armstrong speaks at the Goldman Sachs Conference.
Expect high volatility in the market.
#cryptonews
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