23-07-2024

Author

Fernando Fierro
July 23, 2024

Howdy folks,

🚀📈 Ether ETFs are set to start trading tomorrow after the SEC's approval, marking a significant milestone for the crypto community. Experts predict these ETFs might see net inflows between $3.2 billion and $4 billion in the first year, much lower than the $32 billion expected for Bitcoin ETFs. 

This difference is attributed to the SEC’s decision against allowing staking services.

In other news:

📈💼 BlackRock’s iShares Bitcoin Trust (IBIT) saw a whopping $526.7 million in inflows on Monday, marking its highest single-day intake since March. This surge helped Bitcoin ETFs extend their positive streak to 12 days.

Meanwhile, other ETFs, like VanEck’s HODL, experienced outflows, underscoring investor preference for BlackRock's offering.

🔍💡 Prediction market Polymarket accurately forecasted Biden's resignation, with traders betting $21 million on the outcome. This boosted the platform's trading volume to a record $28 million, showing the power and influence of decentralized predictive markets.

However, the ethical implications of such markets remain a topic of debate.

📈🚀 Kamala Coin skyrocketed by 80% following President Joe Biden's announcement that he will not seek reelection, endorsing Vice President Kamala Harris instead. This move spurred traders to snap up the coin, pushing it to an all-time high of $0.026 before settling at $0.018.

With Harris now a frontrunner for the Democratic nomination, KAMA could see further gains.

DailyCoin Daily Meme

TON Foundation Taps Mocaverse in a $20M Strategic Initiative

TON Foundation deepens ties with Animoca Brands under a new $20M partnership with Mocaverse.

Memecoin Mania Ensues on Biden’s Shock Election Exit

The U.S. election saga recently took a major turn with President Biden’s exit, triggering volatile reactions across the memecoin market.

Crypto Funds Extend 3-Week Positive Streak with $1.4B Inflows

Crypto investment products have seen substantial funds inflows, marking a turnaround from weeks of underperformance. Read more on DailyCoin.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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