News

Timely, comprehensive, professional and accurate information and data to understand the latest information about blockchain, cryptocurrency and Bitcoin

FameEX Morning Crypto News Recap | October 23, 2024

2024-10-23 17:47:01

Institutional Holdings Make Up About 20% of US Spot Bitcoin ETFs

CryptoQuant CEO Ki Young Ju shared data on X revealing that institutional investors hold around 20% of US spot Bitcoin ETFs. Form 13F filings show asset management firms collectively own about 193,000 BTC.


US Presidential Election Unlikely to Greatly Affect Stock Market

Bank of America strategist Subramanian forecasts US stock growth in 2025, regardless of the November election outcome. She predicts a 13% year-on-year rise in S&P 500 earnings per share next year, emphasizing that profit growth drives market gains. Subramanian concludes that "corporate profits are more important than politics."


Michael Saylor Pledges to Leave His Entire Estate to Civilization

In an interview with Markets with Madison, Michael Saylor stated that, as a bachelor with no children, he plans to leave his entire estate to civilization, similar to how Satoshi Nakamoto left a million bitcoins to the world. He emphasized that his legacy would benefit future generations.


Tether CEO Anticipates Imminent U.S. Cryptocurrency Regulation

Tether CEO Paolo Ardoino, speaking at the DC Fintech Week conference, expressed hope for the swift implementation of reasonable U.S. cryptocurrency regulations. He highlighted that Tether’s reserves are over 104% collateralized, with 84% backed by U.S. Treasury bonds, emphasizing this as the strongest support for the company's stability.


Argentina Unveils Draft Regulation for Virtual Asset Service Providers

The Argentine Securities Regulatory Agency (CNV) released a draft regulation for virtual asset service providers (VASPs), requiring crypto companies to disclose agreements with third parties and clients. The draft also mandates the development of cybersecurity policies to prevent money laundering and terrorist financing, aiming to enhance transparency and security within the crypto sector.


BitFuFu Acquires 80 MW Bitcoin Mining Facility in Ethiopia

BitFuFu, a cloud mining firm affiliated with Bitmain, announced the acquisition of an 80-megawatt Bitcoin mining facility in Ethiopia, where electricity costs average below $0.04 per kWh. Upon completion, BitFuFu’s hosting capacity will exceed 600 megawatts. Most of its mining infrastructure is currently based in the United States.


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

Copyright © 2022-2023 FAMEEX.COM All Rights Reserved
FameEX APPMobile trading, anytime, anywhere