Crypto Market Update
🇺🇸 Donald Trump says "we're embracing the future with crypto and leaving the slow and outdated big banks behind."
BlackRock says Bitcoin could be a "hedge against increasing global disorder and declining trust in governments, banks, and fiat currencies."
OpenAI launches new ChatGPT model, o1, with reasoning capabilities of a PhD student
⚡️ Consumer watchdogs call for EU action on in-game digital money
Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC.
🚨Bitcoin spot ETFs recorded $39M net inflows on Sept. 12
#Bitcoin ETFs saw significant inflow after $43.9M of outflows on Sept 11.
Ark ARKB led the pack recording $18.3M of inflows, followed by Fidelity FBTC and Grayscale BTC with $11.5M and $5.2M respectively.
Only Grayscale GBTC recorded outflows of $6.5M yesterday.
Meanwhile, Ethereum ETFs recorded net outflows of $20.1M, with Grayscale ETHE leading the outflows.
⚡ Trump to launch World Liberty Financial crypto platform on Monday
Donald Trump said in a video posted to X that his World Liberty Financial crypto project would launch Sept. 16.
🚨🚨🚨Pro-Russian 🇷🇺 hackers reportedly crashed Taiwan 🇹🇼 Stock Market website on Thursday,
Local media reported this was part of a distributed denial of service, or DDoS, attack on the #Taiwanese government by a pro-#Russian hacker group in retaliation for comments made by Taiwanese President William Lai.
🚨🚨🚨 USA is paying $3 BILLION a day in interest expens.
🇺🇸 Mortgage rates in the US have dropped to the lowest since February 2023, per Bloomberg.
🚨🚨🚨 Consumers' Research report raises concerns about #Tether's💰 lack of transparency in US 🇺🇸 dollar reserves. No complete audit by reputable accounting firm has been provided.
In the first half of 2024, stablecoins facilitated transactions totaling $2.6 trillion. 💵
Visa and Castle Island Ventures project that by the end of the year, this volume could soar to $5.28 trillion.
Stablecoins are predominantly utilized for cross-border payments, remittances, payroll, and trading, especially in emerging markets like Nigeria and Brazil.
📊 Key Stats:
▪️47% use stablecoins for savings
▪️43% for better currency conversion
▪️39% for earning yields
57% of users have increased their stablecoin use over the past year, and 72% expect this trend to continue. 🌐💸
💰 CleanSpark will acquire 7 additional #Bitcoin mining facilities in Tennessee for $27.5 million expecting to achieve 37 EH/s by EOY 🔥
#BlackRock says #Bitcoin "could serve as a hedge against increasing global disorder and declining trust in governments, banks, and fiat #currencies."
🇺🇸 MARA CEO says "#Bitcoin is a national security concern for this country."❗️
"The US must maintain dominance."
#cryptonews
BlackRock says Bitcoin could be a "hedge against increasing global disorder and declining trust in governments, banks, and fiat currencies."
OpenAI launches new ChatGPT model, o1, with reasoning capabilities of a PhD student
⚡️ Consumer watchdogs call for EU action on in-game digital money
Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC.
🚨Bitcoin spot ETFs recorded $39M net inflows on Sept. 12
#Bitcoin ETFs saw significant inflow after $43.9M of outflows on Sept 11.
Ark ARKB led the pack recording $18.3M of inflows, followed by Fidelity FBTC and Grayscale BTC with $11.5M and $5.2M respectively.
Only Grayscale GBTC recorded outflows of $6.5M yesterday.
Meanwhile, Ethereum ETFs recorded net outflows of $20.1M, with Grayscale ETHE leading the outflows.
⚡ Trump to launch World Liberty Financial crypto platform on Monday
Donald Trump said in a video posted to X that his World Liberty Financial crypto project would launch Sept. 16.
🚨🚨🚨Pro-Russian 🇷🇺 hackers reportedly crashed Taiwan 🇹🇼 Stock Market website on Thursday,
Local media reported this was part of a distributed denial of service, or DDoS, attack on the #Taiwanese government by a pro-#Russian hacker group in retaliation for comments made by Taiwanese President William Lai.
🚨🚨🚨 USA is paying $3 BILLION a day in interest expens.
🇺🇸 Mortgage rates in the US have dropped to the lowest since February 2023, per Bloomberg.
🚨🚨🚨 Consumers' Research report raises concerns about #Tether's💰 lack of transparency in US 🇺🇸 dollar reserves. No complete audit by reputable accounting firm has been provided.
In the first half of 2024, stablecoins facilitated transactions totaling $2.6 trillion. 💵
Visa and Castle Island Ventures project that by the end of the year, this volume could soar to $5.28 trillion.
Stablecoins are predominantly utilized for cross-border payments, remittances, payroll, and trading, especially in emerging markets like Nigeria and Brazil.
📊 Key Stats:
▪️47% use stablecoins for savings
▪️43% for better currency conversion
▪️39% for earning yields
57% of users have increased their stablecoin use over the past year, and 72% expect this trend to continue. 🌐💸
💰 CleanSpark will acquire 7 additional #Bitcoin mining facilities in Tennessee for $27.5 million expecting to achieve 37 EH/s by EOY 🔥
#BlackRock says #Bitcoin "could serve as a hedge against increasing global disorder and declining trust in governments, banks, and fiat #currencies."
🇺🇸 MARA CEO says "#Bitcoin is a national security concern for this country."❗️
"The US must maintain dominance."
#cryptonews
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Quant Algorithm Trader | Dynamic DCA #MemeStonks #Bybit #Bitcoin Copytrade here https://linktr.ee/David900924
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