FameEX Morning Crypto News Recap | February 18, 2024

Peter Brandt Advises Caution Regarding Dependence on SEC Chair Gary Gensler Due to His History of Not Defending Investors

Peter Brandt, a seasoned trader, advises skepticism towards SEC Chairman Gary Gensler due to his record of disregarding investor welfare. Brandt alleges Gensler played significant roles in the bankruptcies of two companies, one of which led to a staggering $100 million loss for its customers, underscoring Gensler's detrimental impact on investor security.

Recent Boom in Bitcoin ETFs: 264,232 BTC, Worth $13.5 Billion, Acquired in Just Five Weeks, Spearheaded by Blackrock's IBIT

In just 37 days, nine newly launched spot bitcoin ETFs have amassed a staggering 264,232.74 bitcoins, now worth $13.5 billion. At the forefront, Blackrock's IBIT ETF holds an impressive 43% of this, with 115,989.80 bitcoins, highlighting a significant surge in investor enthusiasm and confidence in the bitcoin ETF market.

April 2024 Bitcoin Halving Event Captures Global Attention, Data Shows

Despite bitcoin's price climbing above $50K, Google Trends data indicates a low level of search interest. Contrastingly, anticipation for the April 2024 bitcoin halving event, set to reduce the rate of new bitcoin production by half, has surged to a 90-day peak. This event is attracting considerable worldwide attention, underscoring its significance on the cryptocurrency's supply and market behavior.

US EIA Implements Requirement for Cryptocurrency Miners to Submit Energy Consumption Reports

The U.S. Energy Information Administration (EIA) has issued a requirement for cryptocurrency miners to submit data on their energy usage and mining site setups. Miners are given until February 23 to provide details of their operations for January. This initiative aims to evaluate the energy footprint of the cryptocurrency mining industry.

Microstrategy's Investment in Bitcoin Nears $10 Billion in Value

Nasdaq-listed Microstrategy's investment in 190,000 bitcoins, initially costing $5.96 billion, has appreciated to $9.88 billion, marking a 66% growth in the value of its bitcoin assets. This significant increase highlights a remarkable turnaround in the company's bitcoin portfolio performance over the past eight months.

Mexican Tycoon Highlights Four Essential Reasons to Invest in Bitcoin, Stresses Need for Knowledge in Investing

Mexican billionaire Ricardo Salinas champions investing in bitcoin, highlighting its prospects for appreciation, utility in portfolio diversification, and defense against inflation and currency depreciation. He stresses the significance of educated investment strategies, patience, and stability in the face of market volatility, cautioning against impulsive actions triggered by temporary price changes.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​