BREAKING: BRICS Will Create Payment System Based on digital currencies and blockchain!
The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, have announced their intention to create an independent payment system based on crypto and blockchain technology. According to Kremlin aide Yury Ushakov, the primary goal of this initiative is to provide a convenient, cost-effective, and politically neutral platform for governments, businesses, and individuals within the BRICS countries. The decision to develop this innovative payment system comes as part of the BRICS nations’ broader strategy to increase their role in the international monetary and financial system.
Top 30 Trending coins
Source: Coingecko
Paradigm shift -> A recent study by Fidelity & Binance shows that 81% of surveyed institutional investors are adding digital assets as part of their strategies...
Source: Michela Silvestr
Bitcoin continues to fly off exchanges into self-custody at an unprecedented rate
see below chart by Glassnode with orange line being the BTC balance on Exchanges. With 70% of all BTC having NOT moved in a year, despite the longest bear market on record and nearly 60% having not moved in 2 years or more, a supply crisis could be in the making (at the time the largest asset managers in the world are making progress towards the launch of Bitcoin spot etfs...). What did Economics 101 teach us about rising demand and lack of supply??? Source: Oliver L. Velez, Glassnode
Sentiment on bitcoin can dramatically change in a matter of months or weeks.
Source: Benjamin Cowen
Crypto trading volumes have risen for the first time in three months
Crypto trading volumes rose in June for the first time in three months amid optimism following the filing of spot bitcoin exchange-traded-fund (ETF) proposals by BlackRock and other asset managers The combined spot and derivative trading volumes on centralized exchanges climbed 14% to $2.71 trillion, according to a report by CCData. This was the first monthly increase in trading volume since March, said the report. Among other high-profile U.S. institutions that filed or refiled last month with the U.S. Securities and Exchange Commission (SEC) for spot bitcoin ETFs were Fidelity, Invesco and WisdomTree.
Source : CCData, Coindesk
Bitcoin jumps >$30k on speculation BlackRock ‘may know something.’
Last week, BlackRock submitted an application for a spot Bitcoin ETF, which would track Bitcoin’s underlying market price. Source: HolgerZ, Bloomberg
