#bitcoin

Ever since 2013, during the last week of summer (the 35th week of the year), BTC has ended in the green 8 out of 10 times. However, September is historically known for its bearish tendencies. How will Bitcoin mark the end of this summer?

Investment fund Pantera Capital has forecasted a boost in Bitcoin's price following the forthcoming halving in April 2024, a pattern observed in the past. With historical trends as a basis, they anticipate Bitcoin will hit $35,000 before the halving and surge to $148,000 by 2025. Decisive events, like a positive court verdict for XRP and the greenlight for BlackRock's spot Bitcoin ETF, are expected to shape these potential outcomes.

European crypto-related exchange-traded products (ETPs) experienced a boost in net inflows during June and July, breaking a nearly three-month trend of global ETP outflows. Europe-based ETPs saw inflows of €150 million in June and €60 million in July. The trend change might be attributed to BlackRock's spot bitcoin ETF application. However, recent data indicates a downturn in August, possibly due to the SEC's delay in deciding.

Victory in court against the SEC enables Grayscale to transform its Bitcoin Trust (GBTC) into an ETF. This development sent Bitcoin soaring past the $27,000 milestone. Within a 45-day period, the SEC can petition for a rehearing. Once this time elapses, the court will deliver a final mandate specifying the future course of action.

He received the very first Bitcoin transaction in history, sent by the mysterious Satoshi Nakamoto. Regrettably, Hal’s battle with ALS culminated in his physical paralysis and eventual passing on August 28, 2014, in Phoenix, Arizona, at the age of 58. Finney was at the forefront of those who embraced the fascinating technology of human cryopreservation — the process of freezing bodies for potential revival in the future. Hal’s vision and unwavering belief in the power of decentralization laid the foundation for the innovations we enjoy today. His legacy lives on, inspiring countless enthusiasts worldwide to carry forward his passion for crypto and innovation.

The FBI has sounded the alarm bells: Lazarus Group and APT38, North Korean hacker collectives, could potentially sell off stolen cryptocurrency amassing $40 million, potentially affecting Bitcoin's valuation. Through their investigative work, the agency has identified nearly 1580 BTC across six distinct Bitcoin addresses. The stolen assets are reportedly from Alphapo, CoinsPaid, and Atomic Wallet. In aiding market monitoring, the FBI has disclosed the associated wallet addresses, urging vigilance on any transactions involving them.