Transaction URL: https://blockchain.com/btc/tx/1794d00387facab87e48ecda78ba3c899293143aee4846c079dc54251ed679de
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When I first came onto the Bitcoin scene in 2017, I had changed my Twitter (now X) handle to “@nikcantmine.” (It was a joke I thought was funny at the time since I didn’t have the resources to mine BTC in high school.) But today, I officially became “nik CAN mine”.
The other week I got gifted a Bitaxe, a fully open source (and very small) bitcoin miner, while attending the Human Rights Foundation’s Bitcoin Summit in Nashville. It’s a pretty neat device that allows you to connect to a mining pool or solo mine on your own.
nik CAN mine…
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As of October 8, 2024, the U.S. Bitcoin ETFs reported a substantial net inflow totaling 3,428 BTC, bringing the combined holdings to 924,530 BTC. BlackRock’s IBIT ETF saw the most significant increase, adding 1,548 BTC to its holdings, which now stand at 368,958 BTC. This was closely followed by Fidelity’s FBTC ETF, which gained 1,639 BTC, raising its total to 179,565 BTC.
Other ETFs also reported gains, with ARK Invest’s ARKB ETF receiving an additional 200 BTC, totaling 47,504 BTC. Bitwise’s BITB ETF added 207 BTC to its holdings, reaching 39,206 BTC. VanEck’s HODL ETF increased by 85 BTC, bringing its holdings to 11,822 BTC.
However, not all ETFs experienced inflows; Grayscale’s GBTC ETF saw a reduction of 250 BTC, bringing its total down to 220,356 BTC. Grayscale’s BTC ETF slightly decreased by 1 BTC, ending the day with 33,751 BTC. Valkyrie’s BRRR, Invesco’s BTCO, and Franklin Templeton’s EZBC ETFs saw no changes in their holdings.
The day’s activities contributed to a total value increase of approximately $213.3 million, emphasizing robust investor interest and dynamic capital movement within the Bitcoin ETF market.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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As we enter Q4, a period historically known for strong Bitcoin performance, the latest edition of The Bitcoin Report from Bitcoin Magazine Pro delivers essential insights into the evolving market dynamics of Bitcoin. With a blend of quantitative on-chain data, technical analysis, and macroeconomic perspectives, this report offers a comprehensive look at Bitcoin’s positioning, highlighting critical opportunities and challenges for both investors and market participants.
Key Highlights from the Report:
Historical Q4 Performance: Bitcoin has averaged a 23.3% return in Q4, showing a strong seasonal trend toward bullish performance.Breaking Significant Resistance: Recent technical analysis… Read more on BitcoinMagazine
Here’s my confession: I was a decentralization maxi for the first half-decade of my time in crypto.
The market has however shifted to a slightly different bent, taking me along with it. Permissionless maximalism is now the prevailing alignment.
Decentralization does tend to feed into permissionless-ness. The latter implies there is no central authority granting or denying permission to join the network — thereby making it decentralized — but permissionless systems can be centralized in nature.
Image boards like 4chan, for instance, don’t ask users to create accounts to post or view content. Setting aside the extensive moderation, there’s effectively no initial permission…
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Crypto.com said it filed a suit against the Securities and Exchange Commission after it received a Wells notice earlier this year.
The crypto firm said it’s trying to “protect the future of the crypto industry in the U.S., joining a series of our peers who are actively defending themselves and taking action against a misguided federal agency acting beyond its authorization under the law.”
A slew of other crypto firms have also received similar notices including Uniswap, Consensys and Robinhood.
“Our lawsuit contends that the SEC has unilaterally expanded its jurisdiction beyond statutory limits and separately that the SEC has established an unlawful rule that trades in…
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