Weekly crypto wrap: 12th September 2024: Ondo (ONDO) is now live on BTC Markets. Bitcoin resilient; expectations of reaching 6- figures, despite market volatility & U.S. economic uncertainties. Grayscale’s Sui Trust; accessible to accredited investors.
Ondo (ONDO) is coming to BTC Markets. Crypto leads 2024's biggest ETF launches. Ripple expands XRP Ledger with Ethereum-compatible smart contracts. Australia's GDP growth slowed, with manufacturing contracting while services rebounded.
Bitcoin ETFs see US$250m inflows following Fed rate cut hints, while Hong Kong Bitcoin ETFs surpass US$256m AUM. ETH ETFs face mixed results with Grayscale outflows, despite strong inflows.
Spot Bitcoin ETFs record positive flows in 8 of the last 10 days. Meanwhile, Mt. Gox executes a $700 million Bitcoin transaction, the first major move in three weeks. Bitcoin mining costs surge by 168% amid capacity expansion.
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.