Bitcoin surges as US$2 billion in Mt. Gox funds moved and Bitcoin ETFs set to surpassing Satoshi's holdings. Ethereum ETFs see positive flows, and Ethereum L2 hits a record 12.4m daily transactions.
Institutions are 'buying the dip' as the crypto market stabilises following a slump. The world’s largest Bitcoin miner expanded its BTC holdings by US$124m in July 2024. Meanwhile, US Bitcoin and Ethereum ETFs reached US$6b in volume during the market rout.
U.S. strategic Bitcoin Reserve to be partly funded by revaluing Fed's gold according to draft bill. 41.5% of Mt. Gox Bitcoin distributed, creditors continue to HODL. Ethereum ETF launch boosts US$2.2b inflows.
ETH ETFs have been approved by the US SEC, with trading volume hitting US$1.08 billion. BlackRock's Bitcoin ETF inflows surpassed those of the 'Mag 7' stocks, as total US Bitcoin spot ETFs reached a record US$17 billion in net inflows.
Crypto market rebounds with Bitcoin hitting US$65,000, defying German and Mt. Gox sell offs. SEC grants preliminary approval for ETH ETFs. BlackRock's AUM hits US$10.6T record. Australian inflation expectations dip to 4.3%.
BTC Markets sponsored athlete, Tori West, has qualified for the Paris 2024 Olympic Games. US Fed Chair speech boosts crypto market amid anticipation of rate cuts. Bitcoin dropped due to the German government selling US$900M in BTC. Mt. Gox began repayments, while Bitcoin sell-offs created ETF share discounts.
