Global stock markets fell into a panic on August 5, with Japan's Nikkei falling 12%, its biggest one-day drop since 1987, and the S&P 500 closing down 3%.
Unfortunately, Bitcoin was not immune, plunging 14.52% between August 2 and August 5. The sharp pullback has raised a lot of questions in the media: why did Bitcoin fail as a hedging tool? Is Bitcoin really a hedge asset?
Blast Ecosystem DEX MonoSwap disclosed on the X platform that the platform had been hacked, reminding users not to add liquidity or pledge. If there are any pledged positions, please withdraw them immediately to avoid capital losses.
In the realm of challenges, our spirits dance with resilience, painting the sky with hues of unwavering perseverance.
#レンズ東京ミートアップ Write down everyone's wishes!(🇯🇵七夕:TANABATA)
Tanabata, also known as the Star Festival, is celebrated in Japan on July 7th. It originates from the legend of the celestial lovers Orihime and Hikoboshi, who meet once a year on this day. People write wishes on colorful paper strips called "tanzaku" and hang them on bamboo branches. These branches are decorated and displayed in homes and public places.
@kayakiko @noxgallery @mariapaula @paris @christina @nilesh @stani
Ryan Rasmussen is the Head of Research at Bitwise.
In this episode, we uncover what Wall Street really thinks of the ETH and BTC ETFs! Speaking to one of the few people in the world who talks daily to the world's largest investors about getting exposure to crypto through these ETFs, Ryan shares what they think about BTC and ETH, what moves they've been making since the ETF approvals, and how it should impact the growth of this global asset class.
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Timestamps
0:00 - Intro 5:19 - Has BTC ETF exceeded expectations? 8:28 - Data proving success of BTC ETF 10:40 - Who's buying the BTC ETF and who's next? 16:47 - Why the ETF opens the floodgates to buyers? 22:26 - What is big money waiting for? 24:37 - Puffer Finance mid-roll 25:01 - Is BTC being suppressed by delta-neutral strategies? 26:41 - Exceeding projected AUM of spot BTC ETFs 29:14 - The shocking spot ETH ETF approval 31:53 - How will Wall St understand ETH the asset? 37:56 - When could staking yield be incorporated into an ETF? 40:09 - What's the sentiment on Wall St about ETH? 42:47 - Expectations for ETH ETF inflows 44:57 - The impact of shifting sentiments for crypto in D.C. 50:22 - Closing and expectations for ETH ETF S-1 approval
🔗 Guest Links 🔗
► Bitwise Website: bitwiseinvestments.com/ ► Bitwise on Twitter: x.com/BitwiseInvest ► Ryan on Twitter: x.com/rasterlyrock ► Link to Ryan's post on Ethereum generating more revenue in Q1: x.com/RasterlyRock/status/1800208544391975132
If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic both hold ETH and BTC. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
According to Bitget, Bitcoin fell below 69000 USDT in the wee hours of the morning and has now rebounded to 69399 USDT, down 2.04% on the day.
Etherfang fell below 3600 USDT in the early morning and rebounded to 3688 USDT, down 3.13% on the day.
Affected by BTC, other counterfeit coins ushered in general decline.
Horizen Labs, a developer of Web3 tools, recently announced the launch of modular blockchain zkVerify, which focuses on optimizing zero-knowledge proof verification for settlement and uses a modular architecture to reduce the cost of verification on Bitcoin and Ethernet Square by 91%.