Coin World 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 amounts to around 193,000 bitcoins.
US Presidential Election Will Not Have Significant Impact on Stock Market
Bank of America strategist Subramanian 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 S&P 500 index earnings per share will grow by 13% YoY next year. Profit growth is the main driving force behind the stock market’s rise, making corporate profits more important than politics.
Michael Saylor Commits to Leaving His Wealth to Society
In an interview with Madison Market, Michael Saylor stated that as a single man without children, he plans to leave all his wealth to society, just like Satoshi Nakamoto left one million bitcoins to the world.
Tether CEO Hopes for Prompt Implementation of Sound and Reasonable Cryptocurrency Policies in the US
Tether CEO Paolo Ardoino stated at the DC Fintech Week conference that he hopes the US will swiftly implement reasonable cryptocurrency regulations. He emphasized that Tether has over 104% in excess reserve assets, with 84% backed by US Treasury bonds, which provides the strongest support for the company’s stability.
Argentina Publishes Regulatory Draft for Virtual Asset Service Providers
The Argentine Securities Commission (CNV) recently released a regulatory draft for Virtual Asset Service Providers (VASPs), requiring cryptocurrency companies to disclose agreements with third parties and clients. The draft also calls for the development of corresponding cybersecurity policies to prevent money laundering and terrorist 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 kWh. After completion, 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.