TL;DR

• Arthur Hayes commented that Trump is insincere, but believes cryptocurrency voters can sway the election.

• This week, the U.S. Spot Bitcoin ETF increased its holdings by 18,420 BTC.

• Abra has taken over Valkyrie’s crypto trust.

• Analysts expect that a gradual interest rate cut by the Federal Reserve could significantly boost the valuation of Hong Kong stocks.

• Sources suggest that Russian President Vladimir Putin may soon make a significant announcement about Bitcoin and cryptocurrencies.

• Bitwise CEO stated that BITB had approximately $47 million in inflows this week.

• A scammer gave back $9.27 million in DAI to the victim.

• The US Spot Bitcoin ETF's minimum holding amount reached an all-time high of 886,800.

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Alpha of the Day

Arthur Hayes Thinks Crypto Voters Can Swing the Election

Arthur Hayes, the outspoken former CEO of BitMEX, has thrown his two satoshis into the political ring, claiming that Trump’s sincerity is about as real as a three-dollar bill. However, Hayes believes that cryptocurrency enthusiasts have the power to sway the election. With crypto voters potentially forming a significant bloc, Hayes suggests that their collective influence could tip the scales in a close race. Whether or not Trump’s policies align with the decentralized ethos of crypto remains a subject of debate, but Hayes seems confident that the digital coin crowd could be a game-changer.

U.S. Spot Bitcoin ETF Bags 18,420 BTC This Week

Hold onto your hats, Bitcoin bulls! The U.S. Spot Bitcoin ETF has just upped its game by adding a whopping 18,420 BTC to its stash this week. This move has crypto enthusiasts buzzing with excitement, as the ETF’s holdings soar higher than a rocket-fueled moon mission. If you’re wondering what this means for the market, think of it as a signal that institutional investors are still hungry for some digital gold. With each additional BTC, the ETF is cementing its role as a major player in the crypto investment landscape.

Abra Acquires Valkyrie’s Crypto Trust

Abra, the well-known crypto trading platform, has just pulled off a slick move by acquiring Valkyrie’s crypto trust. It’s like Abra swiped right on Valkyrie, and now they’re a match made in blockchain heaven. This acquisition is set to expand Abra’s offerings and solidify its position in the crypto market. For those keeping score at home, this means more options for investors and a broader array of trust products. Abra’s CEO must be popping the champagne as they continue to build their crypto empire.

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Fed Rate Cuts Could Boost Hong Kong Stocks

Analysts are predicting that if the Federal Reserve starts cutting interest rates gradually, it could spell good news for Hong Kong stocks. Imagine the Fed as a DJ slowly turning down the volume on interest rates, and suddenly, Hong Kong stocks start dancing to a new tune. The potential for a significant boost in valuations has investors watching the Fed’s moves like hawks. If this prediction holds true, the financial hub of Hong Kong might see a surge in market activity, all thanks to some strategic rate adjustments.

Putin’s Potential Bitcoin Bombshell

Word on the crypto street is that Russian President Vladimir Putin might soon drop a major announcement about Bitcoin and cryptocurrencies. While details are as elusive as a unicorn, the mere hint of Putin addressing the crypto world has everyone on the edge of their seats. Will it be regulation, adoption, or something completely unexpected? Only time will tell, but for now, the speculation is enough to keep the crypto community buzzing with anticipation.

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Bitwise CEO Reports $47 Million Inflows to BITB

Bitwise CEO has dropped some juicy news: BITB has raked in approximately $47 million in inflows this week. That’s right, folks, the money is rolling in faster than you can say “crypto boom.” This influx of capital is a clear sign that investors are still eager to get their piece of the crypto pie. With such robust inflows, Bitwise is clearly hitting a home run, attracting more and more investors to its crypto offerings.

Scammer Returns $9.27 Million in DAI

In a twist straight out of a Hollywood script, a scammer has returned $9.27 million in DAI to their victim. It’s like the Grinch had a change of heart and decided to give back Christmas. This unusual act of crypto restitution has the community scratching their heads and wondering if there’s more to the story. Regardless of the scammer’s motives, the return of the stolen funds is a rare win for justice in the wild world of crypto.

U.S. Spot Bitcoin ETF's Record High Holdings

The U.S. Spot Bitcoin ETF has just hit a milestone, with its minimum holding amount reaching an all-time high of 886,800 BTC. It’s like the ETF is on a digital treasure hunt, and the loot just keeps piling up. This record-breaking achievement underscores the growing confidence and interest in Bitcoin among institutional investors. As the ETF’s holdings swell, it’s clear that Bitcoin’s allure is as strong as ever, drawing in more capital and attention from the big players.

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