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- Mt. Gox FUD Won't Sink Bitcoin!
Mt. Gox FUD Won't Sink Bitcoin!
CryptoQuant's CEO believes the impact of Mt. Gox on Bitcoin's price is overestimated and will be used by whales to buy BTC at a discount.
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Here's what we've got for you today:
Whales to Benefit From Overestimated Mt. Gox FUD: CryptoQuant CEO
Trump Hints at 4th NFT Collection, Fears Chinese Crypto Take-Over
BlackRock’s IBIT Draws $260M as Bitcoin ETFs Notch 8th Day of Inflows
Cypherpunk Holdings Boosts Solana Portfolio and Appoints New CEO
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Ki Young Ju, the CEO of Crypto Quant, has downplayed the potential impact of Mt. Gox repayments on Bitcoin (BTC).
Ki Young Ju believes the impact of Mt. Gox's repayments on Bitcoin's price is overestimated and will be used by whales to buy BTC at a discount.
Despite some investors panic selling, "permanent holders" have accumulated 85,000 BTC in the past 30 days.
According to Ju, the potential $3 billion to $9 billion in BTC from Mt. Gox sales is minimal compared to Bitcoin's market cap increase over the last 18 months.
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During a recent interview, former United States president Donald Trump hinted at launching another NFT collection.
Former President Trump announced plans for another NFT collection, after the rapid sell-out of his "MugShot" collection.
During the interview, Trump also spoke about the importance of maintaining leadership in the crypto space to prevent China from dominating the industry.
The announcement came shortly after an assassination attempt on Trump during a rally in Butler, Pennsylvania.
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United States spot Bitcoin ETFs notched $422.5 million of net inflows on Tuesday.
BlackRock’s iShares Bitcoin Trust attracted $260 million from Bitcoin investors on July 16, which was more than half of all net inflows into spot Bitcoin ETFs for the day.
Tuesday was the eighth consecutive day of positive net inflows for US spot Bitcoin ETFs and was the best-performing day since June 5.
The Fidelity Wise Origin Bitcoin Fund saw the second-highest inflows at $61.1 million, followed by the ARK 21Shares Bitcoin ETF with $29.8 million.
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Cypherpunk Holdings announced on Tuesday that its SOL holdings now exceed 63,000 tokens.
Cypherpunk Holdings reported holding no Solana tokens at the end of Q1 2024.
Alongside the purchase of SOL, Cypherpunk also revealed plans to run its own Solana validator and stake 49,917 tokens using its proprietary Solana node.
This announcement came after Leah Wald, founder and former CEO of Valkyrie Investments, got appointed as the new CEO of Cypherpunk Holdings in early July.
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