Mainstream Media Bias Is Bad, But Will Only Get Worse From This Point On

I logged back on to social media after a week offline in the countryside, only to see my timeline filled with news of an assassination attempt on Trump.

My first thought, after noting my impeccable timing, was: “Let me see how CNN frames this.”

And lo and behold: The first thing they wrote was that “Trump was rushed off stage after falling at his rally”.

You may have had a similar thought process like mine, and if you did, you’ll probably agree that the media landscape has changed.

A lot.

Influenced by the political leanings of its workforce, the rise of cancel culture, and the need to make money, this shift has majorly impacted how tech and Bitcoin (and pretty much everything…

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Daily US Bitcoin ETFs Net Flow Analysis (As of July 16, 2024)

On July 16, 2024, U.S. Bitcoin ETFs demonstrated remarkable growth with a net influx of 5,383 BTC across various funds, reflecting growing investor enthusiasm and market confidence. Leading the charge, BlackRock’s IBIT ETF saw an impressive increase of 1,844 BTC, boosting its total to 318,120 BTC. This substantial gain underscores BlackRock’s strong position in the crypto ETF sector.

Fidelity’s FBTC also showed robust performance with an additional 568 BTC, signaling strong and continuous interest in Bitcoin as an investment vehicle. Similarly, Grayscale’s GBTC added 366 BTC, maintaining its appeal among investors looking for crypto exposure.

Other notable contributions came from ARK Invest’s ARKB, which matched BlackRock’s gain, and Invesco’s Galaxy BTCO with a 350 BTC increase. Despite varied performance across different funds, the total holdings for these ETFs now stand at a staggering 891,331 BTC, valued at approximately $57.5 billion. This growth highlights the expanding footprint of Bitcoin ETFs in the U.S. market, as more investors turn to cryptocurrency as a significant component of their investment portfolios.

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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SEC signals possible ETH fund launches next week: Sources

Fund issuers looking to offer spot ether ETFs in the US have heard from the Securities and Exchange Commission — with sources saying the dialogue points to launches next week.

The securities regulator has asked the companies to submit their final registration statements, or S-1s, for the proposed ETH funds by end of day on Wednesday, two people close to the filing told Blockworks.

These documents would address any final suggested revisions and include details left off some previous S-1s, including fees.  

Read more: Does the ETH ETF ‘fee war’ even matter to investors?

Per the SEC’s request, issuers expect to then request “accelerated” effectiveness of those disclosure…

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LATEST: Stripe Opens Crypto Purchases to Europeans with EU Credit or Debit Cards

Stripe, a global leader in online payment processing, has unveiled its latest advancement in the European Union, enhancing cryptocurrency accessibility. This expansion allows users across Europe to purchase major cryptocurrencies like Bitcoin, Ethereum, and Solana directly using credit or debit cards. Aimed at facilitating smoother transactions in the digital asset space, Stripe’s initiative is poised to empower consumers and vendors by integrating seamless crypto-purchasing solutions into their platforms.

Further strengthening its position in the financial technology sector, Stripe recently partnered with Coinbase and introduced support for stablecoin transactions with USD Coin (USDC). This move ensures instant settlement and conversion to fiat currencies, streamlining the payment process for online merchants. These developments highlight Stripe’s commitment to bridging the gap between traditional financial systems and the dynamic world of cryptocurrencies, fostering a more inclusive financial ecosystem.

With a robust presence in Ireland and a valuation that recently surged to $70 billion, Stripe’s expansion reflects its ongoing efforts to drive innovation and enhance the global accessibility of cryptocurrencies. By providing user-friendly and secure cryptocurrency transaction options, Stripe is not only boosting its service offerings but also significantly contributing to the broader adoption of digital currencies in everyday transactions.

Empire Newsletter: Tracking PayPal’s rise as a crypto company

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Crypto has a pal

As far as crypto adopters among fintech giants, PayPal is right up there.

Mastercard and Visa may have been working with the space a little longer, but PayPal has got its hands dirty in blockchain in a very particular way.

First, its move to let US-based users buy bitcoin and three other cryptocurrencies directly from the app in October 2020 was prescient.

While the price of bitcoin had looked strong after the COVID crash earlier in the year — more than doubling from $5,200 to $11,000 by the time of PayPal’s announcement…

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