Spot ETFs are investment tools that allow investors to gain exposure to an underlying asset, like ETH, without directly owning it. Imagine buying a ticket to a concert without actually having the band’s album. 🎵🔥
By Shayan (who else?)
Shinawatra met with a group of digital asset investors in Bangkok to discuss the proposal of a regional hub for digital assets, including cryptocurrency in Thailand. If the proposal gets approved, Thailand will become Southeast Asia’s digital asset tokenization and crypto hub. 🚀
On the digital stage known as X (formerly Twitter, for those living in the past), Schwartz did not so much as type as illuminate the masses on the delicate art of forking. As he explained-with the patience of a man who has said this approximately 47 times before-yes, any public blockchain might theoretically change its spots, but no, it’s not exactly a walk in the park.
If this trend keeps up, BTC might dip below the $110,000 mark faster than you can say “HODL.” And trust me, no one wants to be caught holding the bag when that happens. 😅
At some secret fancy-schmancy seminar (CF40, if you care to Google it), Zhou dropped some major side-eye on yuan-backed stablecoins. His exact words? “Be wary of the risk of stablecoins being over-used for asset speculation.” Translation: stop playing Monopoly with real money, people.
With the Ministry of Finance giving a nod of approval, KuCoin has waltzed into the spotlight, becoming the first global exchange to dip its toes into Thailand’s tokenized bond market, joining forces with XSpring Digital, SIX Network, and Krungthai XSpring. Who knew bonds could be so trendy? 💃
Indeed, Ethereum (ETH) ETFs have seen a total of $1.83 billion in inflows from August 21 to 27, while Bitcoin ETFs, bless their hearts, attracted just $171 million during the same period. According to the wise sages at SoSoValue, exchange-traded funds tracking ETH brought in a princely sum of $307.2 million during their latest trading session, while Bitcoin (BTC) ETFs could only manage $81.3 million in net inflows. Oh, the humanity!
Let’s talk about September. A month that has historically been as friendly to Bitcoin as a rainy Monday morning. The stats say it’s the weakest month of the year for BTC, with a record of never closing more than 8% higher. So, naturally, traders are trying to make sense of the charts in the hope that this time might be… different. Spoiler alert: It probably won’t be.
The crypto market, that grand theater of human greed and folly, has entered yet another “decisive week.” Bitcoin, ever the stubborn patriarch, clings to its throne with a mere 0.42% dip, while Ethereum, the restless prodigy, takes a 4.5% tumble from its lofty $4,800 perch. Poor ETH-its weekly candle burns red for the first time in August, like a poet whose verses have been rejected by the muse herself.