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On the Margin Newsletter: What needs to happen before ETH ETFs hit your brokerage accounts

Post author By Blockworks
Post date 2Y

Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:

The latest movement in the ether ETF saga after initial SEC approvals, and what needs to happen before the products hit your brokerage account
A potential stand-off is brewing after Riot Platforms’ “hostile bid” to acquire Bitfarms
A look ahead at what Congress is up to and whether or not the new crypto bills will actually make it to the President’s desk

$19,925,658,064

That’s the assets under management in BlackRock’s iShares Bitcoin Trust (IBIT) as of Thursday, according to the fund giant’s website. That makes it…

Iggy Azalea’s anti-scam plan and crypto losses from hacks decline by 12%: Finance Redefined

Post author By cointelegraph
Post date 2Y

In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins.

Read more on Cointelegraph

Ether ETF approvals show staking may still be a security in SEC's eyes

Post author By cointelegraph
Post date 2Y

The inclusion of staking in filings for Ether ETFs could have been an indication that regulators want to keep a back door open for future scrutiny.

Read more on Cointelegraph

Lightspeed Newsletter: PayPal’s Solana integration doesn’t mean institutions are here

Post author By Blockworks
Post date 2Y

Howdy!

I hope your week has gone better than it has for the Minnesota Timberwolves. At least now they’ll be spared the trouble of losing in five games to the Celtics in the NBA Finals.

In this Friday edition, we’ll be zooming out from the week’s PayPal news to consider where Solana stands in the eyes of institutions — and their sweet, sweet liquidity.

Is this Solana’s institutional adoption moment?

PayPal launched its stablecoin on Solana this week while pledging to explore payment use cases on the network.

The news followed similar Solana interest shown in recent months by Stripe, Visa, and Shopify. That’s four integrations with payment giants in short succession —…

NEW: Veteran Trader Peter Brandt Forecasts Bitcoin Price to Skyrocket by 230%

Post author By cryptocrunchnews
Post date 2Y

Peter Brandt, a celebrated commodities trader with over five decades of experience, forecasts a significant ascent for Bitcoin against gold. Brandt, known for his accurate 2017 Bitcoin bull market prediction, now expects the bitcoin-to-gold ratio to soar to 100 ounces. Currently, purchasing one Bitcoin requires 29 ounces of gold, valued at $68,000. Should Brandt’s projection materialize, a single Bitcoin could be worth upwards of $234,000, marking a 230% increase.

This anticipated surge follows a potential consolidation period over the next 12 to 18 months. Brandt’s analysis, shared on social media, highlights Bitcoin’s historical performance, which has seen it gain over 375,000% against gold since its inception in 2009. This trend underscores Bitcoin’s growing appeal as a formidable alternative to traditional safe-haven assets.

The endorsement of US Bitcoin spot ETFs earlier this year further solidifies Bitcoin’s reputation as a reliable digital store of value. Brandt remains optimistic about Bitcoin’s potential, suggesting it will continue to dramatically outperform gold, drawing more institutional attention and investment into the crypto space.

Trump convicted: Is the pro-crypto presidential candidate at risk?

Post author By cointelegraph
Post date 2Y

Donald J. Trump is officially a criminal after being convicted for concealing a sex scandal with pornstar Stormy Daniels. Does U.S. law permit a criminal to become President?

Read more on Cointelegraph

Bitcoin to be worth 100 oz of gold, says veteran trader Peter Brandt

Post author By cointelegraph
Post date 2Y

Brandt claimed that BTC’s price would fluctuate over the next 12 to 18 months before finally surging 230% against gold.

Read more on Cointelegraph

Japanese Exchange DMM Bitcoin Hacked for Over $300 Million in BTC

Post author By BitcoinMagazine
Post date 2Y

Today, large Japanese cryptocurrency exchange DMM Bitcoin reported a significant security breach resulting in the loss of 4,502.9 BTC, currently valued at over $300 million. The incident occurred at approximately 1:26 p.m. and involved unauthorized access to the exchange’s wallet.

In an official statement, DMM Bitcoin said that measures have been taken to prevent further unauthorized access by imposing restrictions on certain services in attempt to enhance security. These restrictions include suspending new account openings, processing cryptocurrency withdrawals, and accepting new buying orders for spot trading. However, existing limit orders and withdrawals of Japanese Yen may experience…

Nostriches Flock To NYC-Based Bitcoin Bar PubKey For Nostr Village

Post author By BitcoinMagazine
Post date 2Y

Yesterday, Nostr users from around the US came together at New York City’s premiere Bitcoin bar PubKey for Nostr Village, a mini-conference focused on the open protocol that enables global, censorship-resistant social media and more.

Who’s coming to #NostrVillage tomorrow?It’s a day of censorship resistant value for value creative expression and zaps, and it’s all happening at PubKey starting at 2 PM.Meet your favorite nostriches, and ask anything!Can’t make it for the whole event? Come by at 6 PM for… pic.twitter.com/SkCecbzJdR

— PUBKEY (@PubKey_NYC) May 30, 2024

The name of the conference included a nod to the neighborhood in which PubKey is located, New York’s historic…

Bitcoin could grow by strides by being more like Ethereum

Post author By cointelegraph
Post date 2Y

Turning Bitcoin into a multi-purpose ecosystem could allow it to reach the same level of success as Ethereum — and make it several times more valuable.

Read more on Cointelegraph