The Week in Bitcoin / Crypto - Last Week / This Week
Last Week
๐1-14) 13F filing shows that Hedge Funds cut their Bitcoin Spot ETF stakes from Q1 to Q2 while long-only investors bought. Millennium, the Largest Hedge Fund, cut its exposure from $2bn to $1.1bn. RIAs such as Goldman Sachs ($418m) and Morgan Stanley ($187m) also disclosed exposure.
๐2-14) 13 filings: Many government/pension fund-related funds disclosed MicroStrategy holdings (Norges Bank, Swiss National Bank, Mitsui Sumitomo, National Pension Service of Korea, Fred Alger, Florida Retirement).
๐3-14) US CPI dropped to 2.9% while Jobless Claims came in lower, providing better macro data for risk assets.
๐4-14) Marathon Digital raised $250m (upsized to $300m) to purchase more BTC (2031 convertible note, 2.13% yield).
๐5-14) Celsius sues Tether, demanding $2.4bn worth of BTC.
๐6-14) US government transfers 10k BTC to Coinbase.
๐7-14) EigenLayer TVL reaches $12.9bn (+11% WoW)
๐8-14) BTC mining less profitable in July than in June
๐9-14) Circle says tap-to-pay on iPhone using USDC coming soon
๐10-14) Jump sold another $46m of stakes ETH
๐11-14) Coinbase launches wrapped BTC competitor
This Week
๐12-14) US Democratic National Convention (Aug 17-22)
๐13-14) Unlock Tuesday (Aug 20) AVAX $195m
๐14-14) Fed Chair Powell Jackson Hole Speech at 10:00 ET (15:00 GMT on Friday, Aug 23 โ likely about positive eco growth; OMC minutes (Aug 21, Wednesday)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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