Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds. Source: https://cointelegraph.com/news/europe-fourth-largest-hedge-fund-500-million-bitcoin-etfs-investment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Ethereum price recovery from 8-month low could take longer than expected — Analysts
Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time. Source: https://cointelegraph.com/news/ethereum-price-recovery-from-8-month-low-could-take-longer-than-expected-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Goldman Sachs Raises US Recession Risk to 25%
Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in unemployment to its highest in nearly three years and a significant slowdown in hiring, Goldman economists, led by Jan […] Source: https://news.bitcoin.com/goldman-sachs-raises-us-recession-risk-to-25/
European Hedge Fund Reveals $420 Million in Bitcoin ETF Investments
A top European hedge fund has amassed over $420 million dollars in exposure to Bitcoin via exchange-traded funds, according to a regulatory filing with the U.S. Securities and Exchange Commission. London-based Capula Management—one of the largest hedge funds in Europe, which oversees about $30 billion in assets—said in a 13F form that it had bought 4,022,346 shares of Fidelity’s Wise…
Arizona primary involving crypto Super PAC’s $1.3M is a squeaker
The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race. Source: https://cointelegraph.com/news/arizona-primary-crypto-super-pac-too-close-to-call?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Fidelity, Vanguard Go Dark Amid Bitcoin, Stock Market Panic
Several online brokerages, including Fidelity Investments and Vanguard, experienced massive service outages on Monday as markets from crypto to equities tumbled on increasingly cloudy U.S. economic forecasts. More than 2,800 Vanguard customers reported services were down at 10am ET on Monday, while nearly 4,000 Fidelity users were experiencing similar issues, data from Downdetector shows. Meanwhile, Robinhood has suspended its round-the-clock…
Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback
Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars have exited the crypto economy, but some believe a rebound similar to 2020 could still occur. Onlookers […] Source: https://news.bitcoin.com/following-the-crypto-downturn-market-observers-predict-a-2020-style-comeback/
Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing
Musk claims he was misled about the ChatGPT creator’s true purpose. Source: https://cointelegraph.com/news/elon-musk-renews-lawsuit-openai-sam-altman-filing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FOMO HOUR 172 – A VERY RED DAY FOR BITCOIN
FOMO HOUR 172 – A VERY RED DAY FOR BITCOIN Bitcoin hits $50k, liquidations hit $1bn in sell-off. Macro sell-off and end of Yen carry trade blamed. Multiple altcoins hit cycle or all-time lows. Bitcoin dominance rises to cycle-high of 58%. Robinhood halts 24hr trading. Crypto funds saw $528m outflow last week. Justin Sun denies liquidation rumours. Jump Trading continues…
Key takeaways from the Golden Boys’ attack on Compound DAO
A group of Compound DAO members called the “Golden Boys” won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn. Source: https://cointelegraph.com/news/key-takeaways-golden-boys-attack-compound-dao?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound