Hakan Ateşler 
Just days before Bitcoin halving, which will cut miner rewards in half, Matt Ballensweig, head of BitGo, claimed that the halving is still not priced in. Ballensweig defended his argument by using ETFs as an example.
Hong Kong, which has taken important and positive steps on cryptocurrencies in the last 2 years, has finally approved Bitcoin and Ether spot ETFs. The Securities and Futures Commission, the country’s regulator, officially approved the requests, including applications made by major Chinese companies.
As the halving, which will cause miners’ rewards, which are of great importance for the security of the system in the Bitcoin blockchain, to be halved, the daily number of BTC added to the supply will decrease from 900 to 450. Bloomberg, one of the US media, stated that this situation could bring a total loss of $10 billion to miners.
Bitcoin mining difficulty surpassed 86 trillion in the last adjustment before the halving, reaching an all-time high.
Metaplanet, a publicly traded investment company in Japan that focuses on Web3 and the metaverse, announced that it has received 1 billion yen ($6.5 million) in Bitcoin. After the development, the company’s value on the Japanese stock exchange increased by 90%.
Andre Cronje, known for his work on DeFi and even called the “DeFi God”, also expressed his opinion on issuing meme coins. Cronje, who offered various suggestions to reduce many risks in meme coins, stated that tokens or tokens can also be issued with the support of the Fantom Foundation.
After being announced as a Launchpool project, the general listing of SAGA, in which Binance users showed record interest by locking $13.4 billion in BNB and FDUSD, started today. The layer-1 blockchain project was almost flooded in a similar way to the interest it saw before the listing. SAGA increased by more than 19,600% and rose above $7.89.
While the debate on when the Fed will start cutting interest rates continues, Mike Novogratz stated that contrary to popular belief, the institution does not need to take such a step. “They will., and it’s a great set up for BTC, gold, silver, copper.” Novogratz said.
Interesting results emerged in the latest survey by German investment bank Deutsche Bank on Bitcoin and cryptocurrencies. One-third of the people in the survey conducted in the USA said that they think Bitcoin will drop below $20,000 by the end of 2024. However, it seems that old thoughts are slowly starting to disappear. 52% believe that cryptocurrencies will be important investment assets in the future.
The news in the Chinese media yesterday about the country’s major fund companies’ interest in the Bitcoin spot ETF brought an increase in NEO, also known as “China’s Ethereum”. NEO, which rose close to 50%, exceeded the $20 level after about 2 years.