Bitcoin ETFs purchased $250 million in BTC on Monday as investors feel bullish—again—ahead of the Fed’s potentially big announcement tomorrow….
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Money poured back into crypto investment funds—with investors primarily focusing on Bitcoin ETFs in the U.S.—after a losing streak….
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Adobe’s Firefly Video Model, set for release in beta later this year, introduces new generative AI capabilities to its Premiere Pro video suite….
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Survey data shows that stablecoins are inciting net flows into dollar instruments where U.S. dollar banking is unavailable….
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Crypto asset manager Grayscale launched the XRP Trust, a new product giving investors exposure to the Ripple-aligned asset….
Continue reading on https://decrypt.co/249124/grayscale-debuts-xrp-trust-bitcoin-ethereum-etfs
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BTC: 55.3k (+2%), ETH: 2320 (+1%), SOL: 130 (0%). Top Gainers: FTM, TAO, BTT, AAVE, TON, ATOM. Crypto mini-bounce continues, BTC reclaims $55k. BTC RSI hits lowest level since July 2021. Bitfinex longs continue to grow aggressively. BTC hashrate hits another ATH. BTC could hit $90k on Trump election: Bernstein. BlackRock settles intraday BTC trades off-chain. Spot BTC ETFs have been a failure: Bianco. Power giant Tepco explores Bitcoin mining. ETH Foundation & Vitalik continue to sell ETH. Farcaster DAU’s down 95%….
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BTC ETFs: +$29m, ETH ETFs: -$5m. BTC rallies, ETF has first inflow in 9 trading days. BTC may have put in first higher low in 6 months. Saylor predicts $13m price for BTC. Wealth advisors quickly adopting BTC: BitWise CEO. Binance among few firms to get Indonesia license. Spot trading on CEXs up 30% in August. SEC made $4.68bn from crypto firms in 2023. $5.6bn lost to scams in 2023. XRP security status may be unchallenged in appeal. EtherFi announces credit card on Scroll. Base has more DEX users than other L2s combined. Tether & Tron create taskforce against crime. TIA still only making $585 in daily fees. WLD investigated by Singapore police….
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Crypto funds saw their biggest weekly outflows since March last week, CoinShares reported, with Bitcoin ETFs leading the bleeding….
Continue reading on https://decrypt.co/248548/bitcoin-etf-buzz-cools-investors-pull-726-million-crypto-funds
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Crypto weak after continued ETF outflows. Durov breaks silence, TON bounces 3%. Telegram will start moderating private chats. Hayes & Brandt flip bearish on BTC. Coinbase shares hit 7 month lows. 90% of crypto firm applications rejected in UK. Japan’s 3 largest banks to trial stablecoins. Trump promises again to embrace crypto. INJ launches BlackRock BUIDL index. DWF to launch synthetic stablecoin. Vitalik to donate all L2 tokens to charity. Most VCs in crypto ‘will disappear’….
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While spot Ethereum ETFs have so far seen significant outflows, JP Morgan analysts highlight why a Bitcoin comparison is “apples to oranges.”…
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