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Top Performing Assets (24 Hours): $XRP 4.15% | $BNB 3.87% | $ADA 2.34%
It's Frriiddaayyy Folks! Bitcoin is trading up at $52,372 and $1.1B options expire today so expect some wild volatility. Let's get on with the news...
, Bitcoin ETFs inflows in the past 4 days is larger than the first 4 weeks; $2.2B.(2) Today, Bitcoin and Ethereum are 51% attack proof; basically.(3)
it appears that Bakkt was going bust.(6) Today, once the journalist wake up they will be talking about this run $BTC has taken in the past couple of hours.
Bitcoin is doing something different this time, rising along side the US Dollar and Treasury yields. Bitcoin hits $52K again and again and again, but there are some giant sell-off events on the horizon: Genesis selling $1.6B GBTC shares and US Government auctioning off 2,875 BTC; how will the price hold up? Apparently some thinks the TD Sequential is signaling a sell. Meanwhile, Bitwise becomes the fifth ETF to accumulate $1B in AUM. It is believed by Standard Chartered that 401k investments will boom in 2024 with Bitcoin.
It appears MicroStrategy could get listed on the S&P 500 - if it does it could expose millions to Bitcoin instantly.(2) Banks are now nudging the SEC to let them into the Bitcoin game.(2)
CoinMetrics reveals that a 51% attack on Bitcoin would require 7 million mining rigs, making such attacks unfeasible due to high costs and a 34% takeover attempt on Ethereum liquid staking dapps would cost over $34 billion in ETH, requiring the attacker to spend $1 million.(2)
Bitcoin & Politics
Lawmakers are still trying to make heads and tails of the Crypto legislation as it applies to bad actors. How can we legislate the bad actors out of Crypto? COINBASE executives told congress that Crypto ties to terrorism is overstated but regulation is needed.
Cap Hill Crypto's Weekly Newsletter
Podcast of the Day: Collaborative Custody: Securing the Next Wave of Bitcoin Adoption | Unchained & Bitcoin Magazine Partnership Announcement | Bitcoin Magazine
