Global #Bitcoin

Futu Securities International, Hong Kong’s largest online broker, has made a significant leap in the cryptocurrency space by introducing Bitcoin and Ethereum trading to its platform. This move, effective August 1, 2024, represents a pivotal development for Hong Kong as it continues to establish itself as a key player in the global crypto market.

Jan Van Eck, CEO of VanEck, has made a bold prediction about Bitcoin's future, forecasting that the cryptocurrency could reach up to $2.9 million per coin by 2050.

In a recent video analysis, Aaron Arnold of Altcoin Daily delves into the potential impact of the Bitcoin Strategic Reserve bill, spearheaded by Senator Cynthia Lummis.

MicroStrategy, a prominent corporate holder of Bitcoin, has reported a second consecutive quarterly loss while significantly expanding its digital asset portfolio. The company's latest earnings reveal a net loss of $123 million for the second quarter of 2024, an improvement from the $137 million loss reported in the previous quarter.

Recent data from Grayscale Investments highlights contrasting trends in their Ethereum and Bitcoin trusts, showcasing shifting investor preferences and cost considerations within the digital asset market.

Recent data from IntoTheBlock reveals a promising trend for Bitcoin as the cryptocurrency network experiences a notable increase in daily new addresses. This uptick marks a significant reversal from earlier in the year when adoption levels had dipped to multi-year lows.

According to Kaiko’s latest report, significant bullish activity is emerging in the Bitcoin derivatives market, particularly on Deribit’s new election contracts.

On July 31, 2024, Nobuaki Kobayashi, the Rehabilitation Trustee for the defunct Mt. Gox exchange, announced a significant milestone: the completion of repayments to a substantial portion of the creditors. The exchange has successfully returned Bitcoin and Bitcoin Cash to over 17,000 creditors, with the process facilitated through exchanges such as Kraken and Bitstamp.

In a recent interview with Bloomberg, Samara Cohen, BlackRock's Chief Investment Officer of ETFs and Index Investments, forecasted that Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) will be integrated into model portfolios by the end of this year and into 2025.

In a significant development for the world's largest economy, the United States' national debt has surpassed a historic milestone, crossing $35 trillion for the first time. This staggering figure has sparked concerns about the long-term sustainability of traditional fiat currencies and has prompted discussions about alternative assets like Bitcoin.

In a surprising move today, the cryptocurrency community was abuzz with news of a substantial Bitcoin (BTC) withdrawal from Binance, executed by a prominent whale known as "12QVsf." According to Spot On Chain, this whale withdrew a staggering 1,300 BTC, valued at approximately $85.6 million at current prices.

Less than a week after its launch, the "Bitcoin for Corporation" initiative has gained significant traction with the inclusion of Japanese investment firm Metaplanet Inc (TYO: 3350) as a founding member.