Institutional parties of no small consequence have reopened their wallets towards Bitcoin (BTC) with renewed vigour. On Tuesday, the 2nd of September, Spot Bitcoin ETFs recorded an impressive $332.7 million in net inflows, as reported by the reputable CoinGlass. Such a figure constitutes the most substantial single-day increase since mid-August, putting previous doubt to shame.
This hefty penalty covers the period from July 2023 to August 2024 – a time when, technically speaking, the EU’s Markets in Crypto Assets (MiCA) framework was still filing its nails and not yet in force. Ah, the sweet smell of regulatory patience! Or perhaps frustration.
Crypto.news: Today, many middle-class families across the globe are dealing with a critical gap in their financial safety nets. In the U.S., only 54% of adults say they have enough savings to cover three months of expenses. How can Bitcoin help these families build savings?
Galaxy Digital, that modern Prometheus, has forged a pact with Superstate to chain its GLXY stock to the blockchain-a feat as audacious as it is absurd. Shareholders may now transmute their paper scraps into digital phantoms, wandering the ether of Solana, their value flickering like the candle of a dying soul.
It gets better-or worse, depending on your investment spirit. Bravemorning, showing all the subtlety of a boa constrictor, has exercised all their warrants and snapped up some restricted shares, pushing their total commitment to a staggering $210 million. Rumor has it, they’re quite pleased with themselves, sipping champagne and plotting world domination-or at least a sizable slice of the blockchain pie. 🥧
It’s still less than Elon’s Twitter budget. 💸
So, in a move that surprised absolutely no one except possibly the office goldfish, Solowin Holdings (ticker: SWIN-because everyone loves a good pun) announced it has gobbled up AlloyX for a cool $350 million. This isn’t just buying a shiny new toy; it’s about stuffing AlloyX’s talent and techno-wizardry into their ever-expanding bag of financial tricks aimed at those untapped emerging markets. Which, let’s be honest, sounds like the financial equivalent of planting dragon fruit in the desert and expecting magic.
Behold, India, that enigmatic land, continues to reign supreme, its throne unshaken for three years, while the Asia-Pacific region, a veritable titan of growth, has surged forward with the vigor of a caffeinated squirrel. 🇮🇳
In his latest update on X, Benjamin Cowen, the crypto prophet who’s never wrong… ever, highlighted that Bitcoin recently touched the bull market support band. Just a few days before September began. Because nothing says “I’m a bull” like a 50% drop! This level has historically acted as an important pivot zone-where the bulls often attempt to hold the line and defend broader market structure. Maintaining strength above this band could play a vital role in preserving bullish sentiment. Or, you know, just getting us all to panic again. 💸
Led by Red Dot Capital (dot, as in the sound of my brain when I hear these numbers), with folks like Nyca, Wing VC, DCG, and Cerca jumping in, they pushed the March Series A to forty million. It’s like they’re collecting funding rounds like Pokémon cards.
