News Report:
Institutional Investors Hold Approximately 20% of US Bitcoin Spot ETF
Data shared by CryptoQuant CEO Ki Young Ju on the X platform shows that institutional investors hold approximately 20% of the US Bitcoin spot ETF, which is equivalent to about 193,000 BTC.
US Presidential Election Will Not Have a Significant Impact on the Stock Market
Subramanian, a strategist at Bank of America, stated that regardless of the outcome of the US presidential election in November, the US stock market will continue to rise until 2025. She predicts that the earnings per share of the S&P 500 index will increase by 13% compared to the previous year. Profit growth is the main driving force behind the stock market’s rise, making corporate profits more important than politics.
Michael Saylor Promises to Leave His Estate to Society
In an interview with Madison Market, Michael Saylor stated that as a childless bachelor, he plans to leave his entire estate to society, just like how Satoshi Nakamoto left one million bitcoins to the world.
Tether CEO: Hopes for the Swift Implementation of Sound and Reasonable Cryptocurrency Policies in the US
Paolo Ardoino, the CEO of Tether, stated at the DC Fintech Week conference that he hopes the US can swiftly implement reasonable cryptocurrency regulations. He emphasized that Tether has over 104% in excess asset reserves, with 84% backed by US Treasury bonds, providing the strongest support for the company’s stability.
Argentina Releases Draft Regulations for Virtual Asset Service Providers
The Argentine Securities Commission (CNV) recently released draft regulations for Virtual Asset Service Providers (VASPs), requiring cryptocurrency companies to disclose agreements with third parties and customers. The draft also calls for the development of corresponding cybersecurity policies to prevent money laundering and terrorism financing, significantly enhancing transparency and security in the crypto industry.
BitFuFu Acquires 80 MW Bitcoin Mining Facility in Ethiopia
BitFuFu, a cloud mining company under Bitmain, announced the acquisition of an 80 MW Bitcoin mining facility in Ethiopia, where the average electricity price is below $0.04 per kilowatt-hour. With this acquisition, BitFuFu’s hosting capacity will exceed 600 MW. Currently, most of its mining infrastructure is located in the United States.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
