Hakan Ateşler 
It is stated that Turkey has made an official application to join the BRICS economic group established by Brazil, Russia, India, China and South Africa. According to Bloomberg, Turkey has made such a move in order to establish new alliances outside its Western allies.
Crypto funds, which saw a serious inflow of $543 million in the previous week, made a sharp U-turn last week. Crypto funds had an outflow of $305 million. While $319 million came out of Bitcoin funds, there was a second consecutive week of inflows to ‘short Bitcoin’ funds.
The Chang update, which will lead the layer 1 blockchain network Cardano, one of the old and heavyweights of the cryptocurrency world, to decentralisation, has been officially launched. At the end of this process, governance is aimed to pass to the community holding ADA tokens.
The whale, which bought 1000 BTC at a price of $59,000 in last week’s Bitcoin decline, also made purchases tonight. It is not unnoticed that the whale is waiting for declines for purchases.
In 2021, Nayib Bukele, the head of state in El Salvador, who declared Bitcoin the official currency next to the US dollar, appeared on the cover of the US TIME Magazine. In an exclusive interview, Bukele said that Bitcoin adaptation has still not reached the level they want in the world, but they themselves have only benefited from Bitcoin, not harmed.
The Q2 earnings report of Dell, which was once a computer manufacturer but has started to operate in many areas including artificial intelligence and cloud services in recent years, will be announced this evening after the US markets close. Dell founder Michael Dell has been RTing Michael Saylor’s posts many times in recent months and praising the limited supply of assets without naming names.
IREN, formerly known as Iris Energy and known for mining Bitcoin with renewable energy, announced record revenues of $184.1 million in fiscal year 2024. IREN, which announced its balance sheet figures yesterday, has also doubled its mining capacity in the last year, from 5.6 exahash to 10 exahash per second. This figure is expected to rise to 30 exahash in a few months.
The 5 Japanese company stocks in the portfolio of Berkshire Hathaway, which is much talked about with its Apple and Bank of America sales, especially in July and August, attract attention with their rise. These companies, in which Warren Buffett invests, also play a major role in Japan’s economic growth.
Two crypto whales made significant purchases today. While the whale, a strict PEPE buyer, bought $1.3 million, another whale bought $60 million worth of Bitcoin.
Stating that he has been expecting an increase in cryptocurrencies for a long time on his blog, Arthur Hayes stated that he is behind this idea and that he expects serious increases in cryptocurrencies, especially Bitcoin, especially with the Fed’s interest rate cuts. Hayes said, “I expect a very large rise in assets with limited supply, such as Bitcoin.”