Former President Donald Trump has gone full Bitcoin bull. In a stunning reversal, one of Bitcoin’s key adversaries, who once dismissed Bitcoin as a scam, is now leading the charge for the Bitcoin industry in American politics.

Just three years ago, in June 2021, Trump said he thinks Bitcoin seems like a scam.

Bitcoin is anti-authoritarian money. Trump is an aspiring authoritarian. I hope nobody thinks he’s actually going to keep any promises he makes if he gets power.

pic.twitter.com/39fETaE2qT

— ₿radley Rettler (@rettlerb) May 22, 2024

To the surprise of the Bitcoin community, he now has made an about-face. Trump Bitcoin pivot kicked off with a bang when he…

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Over the past 17 days, key stakeholders of Chainlink (LINK), holding between 10,000 to 1 million tokens, have markedly increased their investments. Data sourced from Santiment, a leading behavior analysis platform, reveals that these investors have added a substantial 9.2 million LINK to their portfolios since June 24th, resulting in a 4.65% uptick in their collective holdings.

This accumulation occurs against the backdrop of a subdued cryptocurrency market, underscoring a significant show of confidence from larger investors. The total holdings of these millionaire wallets have reached a new eight-month high, accumulating 207.29 million LINK.

The trend highlights a robust endorsement from Chainlink’s major investors, suggesting a potential bullish outlook for the LINK token in the near future. Market watchers are poised to observe whether this momentum will influence Chainlink’s market valuation and position as market conditions evolve.

Introduction

At Coinbits, we’re dedicated to improving the UX of bitcoin so that more people can benefit from it. In our ongoing commitment to transparency and community engagement, we recently made our product roadmap public. Now, we’re excited to share another work product which was made as a part of a Summer of Bitcoin project: Bitcoin Personas.

Persona pitfalls

Coinbits is a family-run bitcoin-only exchange. We are a small startup with a big vision – to build the first #HybridBanking platform that seamlessly combines bitcoin and fiat financial services.

Our team is mostly made up of engineers, but several of us also have a background in product and design. We recently decided to…

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U.S. Bitcoin ETFs continue to reflect significant investor activities and strategic asset allocations. BlackRock’s IBIT ETF is a notable standout, with a net inflow of 1,252 BTC, boosting its holdings to 314,204 BTC. This highlights a robust market appetite for Bitcoin investments managed by BlackRock.

Meanwhile, Grayscale’s GBTC experienced a net outflow, reducing its holdings by 153 BTC to a total of 273,329 BTC. Despite this decrease, it remains a pivotal player in the market. Conversely, Fidelity’s FBTC ETF saw a positive adjustment with an inflow of 568 BTC, bringing its total holdings to 175,005 BTC, which signals growing investor trust in Fidelity’s crypto strategies.

Additional gains were observed in Bitwise’s BITB and Invesco’s Galaxy BTCO, which received net inflows of 131 BTC and 203 BTC, respectively. Overall, these ETFs now account for a combined total of 881,762 BTC, marking a net increase of 2,133 BTC worth approximately $123 million. This active engagement underscores the vibrant dynamics and substantial capital influx in the U.S. Bitcoin ETF sector.

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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