Tether will issue USDT natively on the Bitcoin network using the RGB protocol, enabling users to hold and transfer USDT directly within Bitcoin wallets and improving Bitcoin liquidity while preserving
BitcoinWorld US Spot Bitcoin ETFs Witness Remarkable $179.4M Inflow Streak The world of digital assets is buzzing! US spot Bitcoin ETFs recently recorded a significant net inflow of $179.36 million, marking a robust fourth consecutive day of positive gains. This sustained interest from investors highlights a growing confidence in Bitcoin as a legitimate asset class, pushing the boundaries of traditional finance. What’s Driving the Remarkable Inflow in US Spot Bitcoin ETFs? The latest figures, reported by industry analysts, reveal a clear trend: investors are actively allocating capital into US spot Bitcoin ETFs . On August 28, the total net inflow reached an impressive $179.36 million. This consistent positive flow indicates strong market sentiment and increasing institutional participation. Several key players led this surge: Ark Invest’s ARKB: Topped the charts with a substantial $79.81 million in inflows. BlackRock’s IBIT: Followed closely, attracting $64.19 million. Bitwise’s BITB: Saw a healthy $25.02 million inflow. Grayscale’s Mini BTC: Contributed $5.45 million. Fidelity’s FBTC: Added $4.89 million to the total. These figures demonstrate a broad-based interest across different funds, reflecting a diversified approach by investors seeking exposure to Bitcoin through regulated vehicles. Why Do Consistent US Spot Bitcoin ETFs Inflows Matter? Consistent inflows into US spot Bitcoin ETFs are more than just numbers; they are a powerful indicator of market maturity and institutional acceptance. These ETFs offer a regulated and accessible pathway for both institutional and retail investors to gain exposure to Bitcoin without directly holding the cryptocurrency. Therefore, the sustained positive flow signals a deepening integration of digital assets into mainstream financial portfolios. Moreover, these inflows can contribute to Bitcoin’s price stability and overall market liquidity. As more capital enters the market through these regulated products, it often creates a more robust and resilient ecosystem. It also reduces some of the perceived risks associated with direct crypto investments, making Bitcoin more appealing to a wider audience. Navigating the Landscape: Opportunities and Considerations for US Spot Bitcoin ETFs The rise of US spot Bitcoin ETFs presents exciting opportunities for investors. They offer convenience, liquidity, and often lower entry barriers compared to direct crypto purchases. Furthermore, the regulatory oversight associated with these products provides an added layer of security and transparency. However, investors should always consider the broader market dynamics. While inflows are positive, the crypto market remains susceptible to volatility from global economic shifts, regulatory changes, and geopolitical events. It is crucial for potential investors to conduct thorough due diligence and understand the risks involved before making any investment decisions. A balanced approach, combining optimism with careful research, remains key. Key Takeaways from the Recent Bitcoin ETF Performance The recent four-day streak of net inflows into US spot Bitcoin ETFs is a significant development. It underscores the growing confidence in Bitcoin’s long-term value proposition and its increasing role within the financial system. This trend suggests that institutional adoption is not just a passing fad but a foundational shift. In conclusion, the sustained positive flows into US spot Bitcoin ETFs paint a compelling picture of a maturing market. This trend is likely to continue attracting more capital, further solidifying Bitcoin’s position as a legitimate and increasingly integral asset in the global financial landscape. It truly is an exciting time for digital asset enthusiasts and traditional investors alike. Frequently Asked Questions (FAQs) About US Spot Bitcoin ETFs Q1: What is a US spot Bitcoin ETF? A: A US spot Bitcoin ETF is an exchange-traded fund that directly holds Bitcoin. It allows investors to gain exposure to Bitcoin’s price movements without having to buy and store the cryptocurrency themselves. Q2: Why are these recent inflows significant? A: The sustained net inflows, especially over four consecutive days, indicate strong and growing institutional and retail investor confidence in Bitcoin. It suggests increased adoption and market maturity. Q3: Which US spot Bitcoin ETFs saw the most inflows recently? A: Ark Invest’s ARKB and BlackRock’s IBIT led the recent inflows, followed by Bitwise’s BITB, Grayscale’s Mini BTC, and Fidelity’s FBTC. Q4: How do US spot Bitcoin ETFs benefit investors? A: They offer a regulated, liquid, and accessible way to invest in Bitcoin. Investors can trade them on traditional stock exchanges, simplifying the investment process and potentially reducing some risks associated with direct crypto ownership. Q5: What are the potential risks associated with US spot Bitcoin ETFs? A: While regulated, these ETFs are still subject to Bitcoin’s price volatility, which can be significant. Other risks include regulatory changes, market sentiment shifts, and broader economic factors. If you found this analysis insightful, please share it with your network! Help us spread the word about the exciting developments in the digital asset space and the growing influence of US spot Bitcoin ETFs . To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post US Spot Bitcoin ETFs Witness Remarkable $179.4M Inflow Streak first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin’s price remains under pressure after retreating from its record high above $124,000 earlier this month. At the time of writing, BTC is trading at $113,146, reflecting a decline of 8.7% from its recent peak, though it has recorded a modest 1.8% daily increase. The movement highlights ongoing volatility, as investors weigh both on-chain metrics and broader market sentiment to determine whether the bull cycle can regain strength. Analysts have pointed to a shift in behavior among large traders, particularly on Binance, the world’s largest exchange by volume. According to Arab Chain, a contributor to CryptoQuant’s QuickTake platform, the activity of whales, investors with large holdings, has played a significant role in recent corrections. His analysis of August trading activity suggests that weakened momentum and renewed selling pressure may explain the inability of Bitcoin to sustain its highs. Related Reading: Bitcoin And The September Curse: Can This Time Be Different? Whale Activity on Binance Signals Weakening Momentum Arab Chain noted that throughout July, Bitcoin fluctuated between $118,000 and $122,000 in what he described as a “trendless” market, with low volatility and limited directional moves. During this period, inactive deltas, which measure the circulation of older coins, declined, suggesting whales had paused selling or temporarily exited the market. However, by mid-August, the trend reversed as inactive deltas surged, signaling that long-held coins were again being moved and potentially sold. This activity coincided with Bitcoin’s drop below $112,000, with the Delta indicator remaining near zero, an absence of clear buying pressure. Arab Chain explained that the lack of demand amid increased coin circulation typically results in corrections. “Large investors are selling again without a strong wave of new buyers emerging to balance the effect. This isn’t the end of the bullish cycle, but the momentum is starting to lose steam,” he said. He added that future price movements may depend on whether new catalysts, such as macroeconomic developments or institutional inflows, can reignite demand. Bitcoin Exchange Data Highlights Mixed Sentiment Another CryptoQuant analyst, TraderOasis, examined several metrics to provide further context. He observed that the Coinbase Premium Index, which compares trading activity between US exchanges and global platforms, showed accumulation even as prices fell. This suggests some investors, possibly institutions, were buying during the dip. However, he flagged caution given that the funding rate remained positive, a sign that traders were still leaning bullish even as prices declined, raising concerns about the risk of a liquidity reset. TraderOasis also pointed to open interest, or the number of outstanding derivatives contracts, as a key factor. He argued that open interest often acts as support or resistance relative to spot price. Currently, open interest sits above the market price, which could act as resistance unless broken. “If this level is broken, the price will continue to rise,” he noted. Together, these insights reveal a complex backdrop. While long-term adoption metrics and institutional buying remain supportive, short-term dynamics show cautious sentiment and potential for volatility. With whales selling, stablecoin inflows rising, and derivatives markets heating up, Bitcoin’s next move will likely depend on whether demand can reassert itself strongly enough to offset recent profit-taking. Featured image created with DALL-E, Chart from TradingView
BitcoinWorld Bitcoin Bull Market: Explosive Autumn Rally Predicted by Analyst The cryptocurrency world is buzzing with anticipation! An insightful analysis suggests that the long-awaited Bitcoin bull market could finally kick off this autumn. For investors closely watching the digital asset space, understanding the forces at play is crucial. This deep dive explores why an expert anticipates a significant shift in market dynamics. Is the Bitcoin Bull Market Finally Here? According to CryptoDan, a respected contributor to on-chain analytics platform CryptoQuant, the current Bitcoin market cycle is showing unique characteristics. We are experiencing a more prolonged cycle compared to historical patterns. This extended phase has led many to question the timing of the next major uptrend. One key observation from CryptoDan’s analysis involves on-chain data. The proportion of Bitcoin held for over one year is increasing, but at a noticeably slower pace than in previous cycles. This metric often signals conviction among long-term holders, and its current trajectory indicates a nuanced market sentiment. Why is This Bitcoin Bull Market Different? Several factors contribute to this evolving market landscape. CryptoDan highlights a few significant influences that are shaping the upcoming Bitcoin bull market : Spot ETF Introduction: The approval and launch of spot Bitcoin Exchange-Traded Funds (ETFs) have dramatically altered market structure. These financial products provide traditional investors with easier access to Bitcoin, changing capital flows. Institutional and National Adoption: Increased interest and adoption from institutions and even nations are also playing a role. This growing mainstream acceptance brings new money and long-term commitment into the ecosystem. Altcoin Capital Flows: Interestingly, Bitcoin’s rallies have repeatedly stalled when funds shift into altcoins. This dynamic suggests a more diversified investor base, where capital can quickly move between different digital assets, impacting Bitcoin’s momentum. These elements collectively create a market that behaves differently from past cycles, demanding a fresh perspective on future movements. Key Catalysts for the Autumn Bitcoin Bull Market Looking ahead, the analysis points to specific events that could ignite the anticipated Bitcoin bull market this autumn and winter. These potential catalysts are already on investors’ radars: September Interest Rate Cut Expectations: There is growing anticipation for a potential interest rate cut in September. Such a move by central banks typically makes risk assets, like cryptocurrencies, more attractive. It can signal a loosening of monetary policy, encouraging investment. Potential Spot Altcoin ETF Approvals: October could bring another significant development: the potential approval of spot altcoin ETFs. While focused on altcoins, this would likely be a net positive for the entire crypto market. It could attract more institutional capital, benefiting Bitcoin indirectly. These macroeconomic and regulatory shifts are expected to foster a more positive market sentiment, paving the way for a robust uptrend. Seizing Opportunities in the Next Bitcoin Bull Market For savvy investors, understanding these market dynamics offers a clear path forward. CryptoDan concludes that any further market corrections could present highly favorable buying opportunities. This perspective emphasizes a long-term strategy rather than short-term trading. The prolonged cycle, while perhaps frustrating for some, allows for more accumulation at potentially lower prices. Therefore, keeping an eye on market dips and having a clear investment strategy during this period could prove beneficial when the full force of the Bitcoin bull market eventually arrives. Summary: Preparing for the Anticipated Bitcoin Bull Market In conclusion, while the current Bitcoin market cycle is longer than previous ones, this complexity is driven by new factors like spot ETFs and broader adoption. Analyst CryptoDan’s insights suggest that upcoming economic and regulatory developments could set the stage for a powerful Bitcoin bull market this autumn and winter. Smart investors will view any dips as strategic entry points, positioning themselves for the next significant rally in the crypto space. Frequently Asked Questions (FAQs) What is causing the current Bitcoin market cycle to be prolonged? The current cycle is prolonged due to factors such as the introduction of spot Bitcoin ETFs, increased institutional and national adoption, and capital flows frequently shifting into altcoins, which can temporarily stall Bitcoin’s momentum. Who is CryptoDan and what is CryptoQuant? CryptoDan is an analyst and contributor to CryptoQuant, a reputable on-chain analytics platform. CryptoQuant provides data and insights into cryptocurrency markets based on blockchain activity. How do spot Bitcoin ETFs impact the market? Spot Bitcoin ETFs provide traditional investors with an accessible way to gain exposure to Bitcoin without directly holding the asset. This has introduced new capital into the market, influencing its structure and dynamics. What are the key catalysts expected to trigger the Bitcoin bull market? Key catalysts include the expectation of a September interest rate cut, which could make risk assets more attractive, and the potential approval of spot altcoin ETFs in October, which could boost overall crypto market sentiment. Why are altcoin capital flows relevant to Bitcoin’s price? When funds move into altcoins, Bitcoin’s rallies have often stalled. This suggests a market where capital can quickly diversify, temporarily diverting momentum from Bitcoin and influencing its short-term price action. What does ‘favorable buying opportunities’ mean for investors in a Bitcoin bull market? ‘Favorable buying opportunities’ refers to periods of market correction or dips. According to the analysis, these corrections could be strategic entry points for investors looking to accumulate Bitcoin before the anticipated bull market fully takes hold. Did you find this analysis insightful? Share this article with your network to keep them informed about the potential for an explosive Bitcoin bull market this autumn! To learn more about the latest Bitcoin bull market trends, explore our article on key developments shaping Bitcoin’s price action. This post Bitcoin Bull Market: Explosive Autumn Rally Predicted by Analyst first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG News reports on August 29 that, per Alternative Data, the Fear and Greed Index moved to 50 from 48 yesterday, signaling a prevailing Neutral market sentiment across digital assets.
Crypto asset manager 21Shares has filed an application with the U.S. Securities and Exchange Commission to launch an exchange-traded fund tied to the price of SEI. The proposal, submitted through an S-1 registration statement, would use price data from CF Benchmarks, which aggregates information across multiple crypto exchanges. If approved, the fund would mark the first SEI-linked ETF available to U.S. investors. What is SEI? SEI is the native token of the Sei blockchain, a layer-1 network launched in August 2023. The platform focuses on decentralized exchange trading infrastructure and marketplace activity. The token itself can be used to pay transaction fees and participate in governance decisions. As of now, SEI trades around $0.30, placing it in the mid-70s by market capitalization rankings. Custody and Staking Options Under the plan, Coinbase Custody Trust Company would serve as the custodian for SEI held by the ETF. In its filing, 21Shares also raised the possibility of staking SEI to generate extra income for the fund. However, the firm emphasized it is still assessing whether staking could expose investors to legal or tax complications. Competing Applications The move comes just months after Canary Capital filed for its own SEI ETF in April. That proposal would give both institutional and retail investors exposure to staked SEI, with returns boosted by staking rewards. Justin Barlow, executive director of the Sei Development Foundation, welcomed the idea of ETFs tied to the project. He said they act as “a gateway for broader adoption, providing a vital bridge between crypto and mainstream markets.” Broader ETF Landscape Currently, the only spot crypto ETFs approved in the U.S. track Bitcoin and Ethereum. However, there is a growing wave of applications for products tied to other blockchains. 21Shares itself already operates the ARK 21Shares Bitcoin ETF and has applied for funds covering assets such as SUI, XRP, and Ondo Finance. Other major issuers including VanEck, Grayscale, and Bitwise are pursuing ETFs linked to Solana, Cardano, and even memecoins like Dogecoin. Regulatory Developments In an effort to streamline the process, the SEC is reportedly considering a system that would automatically approve certain ETFs after 75 days unless the agency raises formal objections. This would reduce the lengthy back-and-forth that has often slowed crypto ETF approvals in the past. 21Shares, for its part, described its SEI filing as a “key milestone in our vision to expand exchange-traded access to the SEI Network.” Outlook With two filings now on the table, the race is on to see which firm, if any, will bring the first SEI ETF to U.S. markets. While regulatory hurdles remain, the growing number of applications suggests rising demand for diversified crypto investment products that go beyond Bitcoin and Ethereum. For SEI, approval of such a fund could mark a major step in its journey from a newly launched blockchain to a mainstream investment asset.
Cryptocurrency ETP filings have reached a notable count: Bloomberg ETF analyst James Seyffart reported 92 recorded applications and filings in the United States. These submissions, lodged by prospective issuers, align
BitcoinWorld Coinbase Crypto Lending: How Coinbase Unlocks New Horizons for Mining Giants The cryptocurrency world is constantly evolving, and a major shift is underway in how mining operations secure vital funding. In a significant development, Bloomberg reports that Coinbase is rapidly emerging as a dominant force in Coinbase crypto lending to the demanding crypto mining industry. This transformation marks a pivotal moment, especially after the dramatic collapses of previous industry giants like Celsius and BlockFi left a substantial void. The Rise of Coinbase Crypto Lending in a Shifting Landscape Coinbase, traditionally known for its robust exchange and secure custody services, is now expanding its financial infrastructure to become a crucial lifeline for mining companies. This strategic move positions the company beyond its core offerings, demonstrating its adaptability and ambition within the broader crypto ecosystem. Indeed, the need for stable financial partners has never been more critical for miners. Several prominent mining firms are already leveraging this new opportunity: CleanSpark (CLSK) : Expanding its credit lines, indicating strong confidence. Riot Platforms (RIOT) : Bolstering its financial capacity for growth. Hut 8 (HUT) : Strengthening its operational funding with reliable support. These expansions highlight the trust and reliance the industry is placing on Coinbase’s new lending capabilities. Therefore, Coinbase is not just filling a gap; it’s redefining the landscape of financial support for crypto miners. Why Mining Firms Need Robust Coinbase Crypto Lending Solutions Crypto mining is an incredibly capital-intensive endeavor. Brian Dobson, a managing director at Clear Street, a New York-based fintech firm, aptly explains the immense financial demands. Mining companies require substantial capital for various critical aspects: High-cost equipment : Advanced ASIC miners are expensive, requiring significant upfront investment. Power needs : Operating these machines consumes vast amounts of electricity, leading to considerable ongoing costs. Transition to AI infrastructure : As the industry evolves, miners are increasingly looking to diversify into AI, which also demands substantial capital outlay. Consequently, having a reliable and well-capitalized lender like Coinbase is paramount for these companies to not only sustain their operations but also to innovate and expand. The availability of consistent Coinbase crypto lending allows these firms to plan for long-term growth and stability, rather than facing uncertainty. Navigating the Future: Regulatory Tailwinds and Coinbase Crypto Lending The timing of Coinbase’s expansion into lending is particularly noteworthy. Brian Dobson also pointed out that Coinbase’s acceleration in building out its financial infrastructure is partly fueled by a more favorable regulatory environment. Specifically, the potential for a pro-cryptocurrency stance under a future Trump administration is creating optimistic conditions for growth and innovation within the sector. This supportive regulatory outlook could provide several benefits: Increased clarity : Clearer rules reduce uncertainty for lenders and borrowers alike. Reduced risk : A more predictable environment can lower the perceived risk associated with crypto-related financial services. Enhanced growth : Easier access to capital can spur further investment and expansion across the crypto mining industry. Therefore, as the regulatory landscape potentially becomes more accommodating, the role of Coinbase crypto lending is set to become even more central to the industry’s continued development and success. A New Era of Financial Stability for Crypto Mining Coinbase’s emergence as a premier lender to the crypto mining industry represents a significant evolution. By stepping into the void left by former lenders, Coinbase is not merely offering loans; it is actively shaping the future stability and growth of a crucial sector within the digital asset economy. This strategic pivot solidifies its position as a multifaceted financial powerhouse, ready to support the next wave of innovation in cryptocurrency. Frequently Asked Questions (FAQs) Q1: What prompted Coinbase to enter crypto lending for miners? A1: Coinbase stepped into this role following the collapse of previous major crypto lenders like Celsius and BlockFi, which left a significant gap in financial services for mining companies. Q2: Which major mining companies are utilizing Coinbase’s lending services? A2: Prominent firms such as CleanSpark (CLSK), Riot Platforms (RIOT), and Hut 8 (HUT) are expanding their credit lines with Coinbase. Q3: What are the primary capital needs of crypto mining companies? A3: Mining companies require substantial capital for high-cost equipment, significant power needs, and the ongoing transition toward advanced AI infrastructure. Q4: How does the regulatory environment impact Coinbase’s lending expansion? A4: A pro-cryptocurrency regulatory environment, such as the one potentially fostered by a future Trump administration, is accelerating Coinbase’s expansion by creating more favorable and predictable conditions for crypto-related financial services. Q5: What makes Coinbase a reliable lender compared to previous firms? A5: Coinbase’s established reputation as a leading exchange and custody provider, coupled with its strategic expansion into robust financial infrastructure, positions it as a more stable and trustworthy lending partner for the industry. Did you find this insight into Coinbase’s pivotal role in crypto mining finance valuable? Share this article with your network on social media to spread awareness about these exciting developments! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Coinbase Crypto Lending: How Coinbase Unlocks New Horizons for Mining Giants first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $111,000 zone. Bitcoin started a recovery wave above the $109,550 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it breaks the $110,750 support zone. Bitcoin Price Dips Again Bitcoin price attempted a fresh recovery wave from the $108,734 low. BTC was able to climb above the $109,500 and $110,000 resistance levels. The price surpassed the 23.6% Fib retracement level of the key drop from the $117,355 swing high to the $110,734 low. The bulls even pushed the price above the $112,500 resistance zone. However, the price struggled to stay above the $113,000 resistance. It retreated from the 50% Fib level of the key drop from the $117,355 swing high to the $110,734 low. Besides, there was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $112,000 and the 100 hourly Simple moving average . Immediate resistance on the upside is near the $112,400 level. The first key resistance is near the $113,000 level. The next resistance could be $113,500. A close above the $113,500 resistance might send the price further higher. In the stated case, the price could rise and test the $114,000 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. More Losses In BTC? If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,750 level. The first major support is near the $110,000 level. The next support is now near the $109,500 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $106,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $110,750, followed by $109,500. Major Resistance Levels – $112,500 and $113,000.
According to CoinDesk, Balaji Srinivasan, the former CTO of Coinbase, stated that Bitcoin could displace real estate as the predominant store of value, reframing homes and apartments principally as practical