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Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
The latest price moves in crypto markets in context for July 10, 2023.
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
- 06:31Wintermute recently increased its holdings in CHILLGUY by over 1.6 million US dollars and continues to buy moreAccording to Onchain Lens monitoring, Wintermute's wallet has accumulated over $1.6 million worth of CHILLGUY in the past 10 hours and is still continuing to buy.
- 06:3010X Research: The Tornado Cash case ruling will bring benefits to Ethereum and DeFiOn Tuesday, the court ruled that immutable smart contracts do not constitute property and cannot be sanctioned under current law. Some observers claim this is a significant victory for privacy advocates. In a report to investors on Wednesday, 10X Research stated: "While this ruling does not endorse money laundering, it sets a precedent that allows programmers to develop and release smart contract protocols without fear of sanctions and without charging fees." This move can also give developers clearer understanding of what they can build without falling into regulatory scrutiny, especially on Ethereum. "As Ethereum remains the main battlefield for DeFi, this decision has positive implications for the broader DeFi ecosystem and other protocols (especially those on the Ethereum network). It could have a huge impact." Famous cryptocurrency entrepreneur Balaji Srinivasan said on X on Wednesday: "Privacy won. Smart contracts won. Tornado Cash won. And OFAC lost."
- 05:29Brave releases BAT 3.0 roadmap, entering a new era on the chainBrave is a privacy-focused internet browser designed to change the digital advertising relationship with customers. BAT is the platform's native token used as a payment mechanism between advertisers, publishers, and users. On November 28th, the Brave team officially released the 2025 BAT Roadmap 3.0, detailing future improvement plans, including: Reward system upgrade: enhancing the reward experience for users and creators. Multi-chain support: launching multi-chain self-hosting function to expand ecological coverage. Creator tool improvement: providing more resources to support content creators and help community building. This update marks an important step in Brave's on-chain development strategy, providing users with a richer Web3 experience!
