⚫️Vortex EP. 26: CRYPTO UP even more 🆙 but SEC delaying ETH ETF?
Spaces held on 03/05/24 at 11pm SGT (GMT+8)
Market cap: BTC: 1.3T, ETH: 456B
Day to Day: BTC: +3.86%, ETH: +7.4%
$105 million worth of #Bitcoin shorts liquidated in the past 24 hours.
BlackRock files to purchase #Bitcoin ETFs for its Strategic Income Opportunities Fund.
Michael Saylor's MicroStratgey to raise $600 million to purchase more #Bitcoin. https://watcher.guru/news/michael-saylors-microstrategy-to-raise-600m-to-purchase-more-bitcoin
MicroStratgey issued new private offering of $600 Convertible Senior Notes (notes will be unsecured, senior obligations of MicroStrategy, will bear interest payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2024) It is not 100% using it to only buy BTC, but also for general corporate purposes **Early on Monday (3/4/2024), Microstrategy’s BTC profits hit $6.5 billion.
Wells Fargo & Bank of America's Merrill begins offering #Bitcoin ETFs to clients
Coinbase Crashes Following Bitcoin Pump
Bitcoin surpasses the Russian Ruble to become the 14th largest currency in the world.
JPMorgan Changes Tune on Crypto as Bitcoin Surges https://watcher.guru/news/jpmorgan-changes-tune-on-crypto-as-bitcoin-surges
“We see the higher cryptocurrency prices not only sustaining but improving” comments by JPMorgan CEO Jamie Dimon. Previously he was questioning crypto’s use cases and relevance as an asset class.
BAD: SEC delays BlackRock's Spot #Ethereum ETF again. https://www.theblock.co/post/280513/sec-delays-decision-on-blackrocks-spot-ethereum-etf-proposal-seeks-public-feedback
Reason of delay: The agency asked specifically about whether Ethereum’s proof of stake mechanism raised ” unique concerns about ether’s susceptibility to fraud and manipulation.”
This is already the 2nd delay on BlackRock's filing, they also delay the proposal from Fidelity.