SEC ends another investigation: “BUSD not a security”
The SEC, led by Gary Gensler, continues to push back against the cryptocurrency world. Today, the agency dropped its investigation into the BUSD stablecoin issued by Paxos.
Hakan Ateşler
September expectations rise in markets after US inflation
In the US, lower-than-expected inflation figures significantly increased expectations for a Fed rate cut in September. After Powell’s data-driven speeches, the numbers came in well and expectations for September rose above 80%.
Crypto meeting attended by heavyweights: Biden’s adviser couldn’t hide his surprise
Under the leadership of US Congressman and lawmaker Ro Khanna and businessman Mark Cuban, a meeting was organized in Washington with the heavyweights of the crypto industry. While Biden’s chief advisor also attended the meeting, which was closely followed by the US financial media, it was stated that the complaints and remarks of crypto company executives about the Democratic Party and SEC chairman Gensler surprised the advisor. It was stated that one participant told the advisor, “You screwed up everything in the crypto business.”
Germany started the day’s sales: How many Bitcoins are left?
The German state started Thursday’s sales. Especially this week, the German government, which has made a very serious amount of sales this week, has more than 2300 BTC out of its wallet.
Bitcoin’s comeback awaits US inflation
CPI data in the US will be released today at 15:30. Expectations are for annual inflation to fall to 3.1% from 3.3% in May… Today’s figures will also be important for whether the Fed prefers September for rate cuts.
Donald Trump to speak at Bitcoin 2024 Conference
Donald Trump, known for his recent support for cryptocurrencies, will give a speech at the Bitcoin Conference to be held this month in Nashville, USA.
Powell’s statements point to rate cuts and hikes for September: QCP report
Singapore-based crypto trading firm QCP Capital said in its analysis today that Fed chair Jerome Powell’s remarks, coupled with positive inflation figures tomorrow, suggest rate cuts in September and December are on the horizon. Analysts also pointed out that Bitcoin remained strong despite the huge selling pressure.
Bernstein reiterates $200k prediction, puts two Bitcoin companies on watch
Bernstein, which has more than $750 billion worth of assets under management, wrote a report in which it reiterated its $200,000 Bitcoin forecast for the end of 2025, while stating that it followed 2 Bitcoin mining companies for its clients and will make evaluations about these companies in its next reports.
Germans continue to melt Bitcoins: New transfer of 5800 BTC
The German government, which has sold 50 thousand units of Bitcoin since June 19, started Wednesday with new transfers. More than 5800 BTC worth $340 million were sent to market makers and exchanges.
Miner sell-off in Bitcoin continues: “Wait 2-3 months”
While Bitcoin is pushing the $60,000 levels again this morning, CryptoQuant CEO Ki Young Ju pointed to miners for the price movement. Ju, who also shared the Puell Multiple chart showing miner profitability, said, “Crypto markets to be boring for the next 2-3 months. Stay long-term bullish but avoid excessive risk.”