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    Bitcoin Owners Shift Back to HODLing: Accumulation is Underway – Glassnode

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    Bitcoin owner behavior is shifting back to HODLing, according to the latest report by analytics firm Glassnode. Naturally, the HODLing state is accompanied by accumulation. This shift follows several months of relatively heavy distribution pressures. Notably, the market went through its largest downtrend of this cycle...
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    Dubai Court Rules in Favor of Salaries Payment in Crypto

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    In a groundbreaking decision, the Dubai Court of First Instance has ruled that crypto can be legally recognized as a valid form of salary payment under employment contracts. This ruling, which emerged from case number 1739 of 2024, marks a...
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    Institutional Bitcoin ETF Adoption Surges 21% in Q2 – K33 Research

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    North American Bitcoin miner and energy infrastructure operator Hut 8 Corp. announced Tuesday its financial results for the three and six months ending June 30, 2024. The company reported a 72% increase in revenue year-over-year, reaching $35.2 million in its latest...
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    Bitcoin Has “Room to Fall” Amid Rising Open Interest: CoinGlass

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    Bitcoin may still have “more room to fall” as open interest has continued to rise amid recent price action, according to crypto analysis platform CoinGlass. In an August 16th X post, CoinGlass highlighted that the total open interest (OI) for Bitcoin futures,...
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    US Debuts First Leveraged MicroStrategy ETF to Amplify Bitcoin Exposure

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    The U.S. Securities and Exchange Commission (SEC) gave the green light to the first leveraged single-stock exchange-traded fund (ETF) focused on MicroStrategy Incorporated. This new ETF, named MSTX, will offer investors a way to potentially amplify their exposure to Bitcoin,...
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    Crypto ‘Non-Believer’ Goldman Sachs Holds $418M in Bitcoin Spot ETFs

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    A recent 13F filing at the US Securities and Exchange Commission (SEC) revealed that banking giant Goldman Sachs holds a massive Bitcoin spot exchange-traded funds (ETF) investments. Per the bank’s quarterly (Q2) filing, Goldman Sachs currently has $418 million worth BTC...
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    US Senator Ted Cruz Praises Bitcoin Mining and Crypto Innovation at Texas Event

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    A number of politicians in the United States are taking a stance on Bitcoin (BTC) as the 2024 presidential election approaches. Ted Cruz, the junior U.S. Senator from Texas, has been particularly vocal about Bitcoin recently. On August 12, Cruz spoke...
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    Metaplanet Adds More Bitcoins to its Stash, Buys Additional 57.10 BTC

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    Japanese investment giant Metaplanet has been gradually accumulating Bitcoins in the recent past. Adding to its Bitcoin purchase spree, the firm announced purchasing 57.10 BTC on Tuesday, worth 500 million yen ($3.36 million). The company purchased it at an average...
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    Former BoJ Exec Rules out Another Rate Hike This Year, Bitcoin Dips Below $59K

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    Former Bank of Japan (BoJ) executive Makoto Sakurai has indicated that another interest rate hike is unlikely this year, following Japan’s recent increase which caused Bitcoin to crash. On Monday, Bitcoin dipped below the $59,000 mark trading at $58,388 during...
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    Bitcoin Spot ETFs See $194M Inflows, Bitcoin Price Rebounds

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    Bitcoin spot exchange-traded funds (ETFs) saw $194.6 million in inflows on Thursday, according to data shared by Fireside Investors. BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” continues to lead the pack seeing $157.6 million with over $22 billion...
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