🌙 The Institutions Are Here

The upcoming halving will be unlike any other that came before it for one key reason: Professional investors have entered crypto.

Author

Mike Gavela
April 10, 2024

Crypto Roundup - Apr 10

Amidst a dynamic landscape in the cryptocurrency markets, several pivotal developments have shaped investor sentiment and regulatory outlooks. The imminent Bitcoin halving is drawing attention, with historical data suggesting potential price surges post-event, though diminishing returns in successive halvings signal evolving market conditions​​. Concurrently, Hong Kong's approval of spot Bitcoin ETFs marks a significant shift, potentially catalyzing increased institutional engagement and enhancing market stability through regulated frameworks​​. Meanwhile, Bitcoin's resilience is underscored as it rebounds to $70k, shrugging off concerns about U.S. inflation spikes, which highlights its appeal as a 'digital gold' amidst economic uncertainties​​.

Top stories:

  • Bitcoin's Halving Event: Historical trends suggest a price increase, but with reduced impact over time, highlighting the need for cautious optimism.

    Hong Kong's Spot Bitcoin ETFs: New regulatory approvals could drive substantial institutional investment into the cryptocurrency market.

    Bitcoin Defies Inflation Concerns: Despite a hot U.S. inflation report, Bitcoin surges, reinforcing its reputation as a hedge against inflation.

TOP STORIES

This Bitcoin halving will be different — the institutions are here

Opinion: The fourth Bitcoin halving will be unlike any other that came before: Professional investors have entered crypto.

blockworks.co/news/bitcoin-halving-different-institutions-investors

Hong Kong's Incoming Spot Bitcoin ETFs Could Be 'Big Deal.' Here's What Analysts Say

Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.

www.coindesk.com/markets/2024/04/10/hong-kongs-incoming-spot-bitcoin-etfs-could-be-big-deal-heres-what-analysts-say

Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print

Major U.S. equity indices closed the day lower after disappointing CPI numbers, while BTC was up 1%.

www.coindesk.com/markets/2024/04/10/bitcoin-rebounds-to-70k-shrugging-off-hot-us-inflation-print

FUNDRAISES

OTHER HEADLINES

‘It might as well be us,’ Uniswap says after SEC slaps firm with Wells Notice

The company behind Uniswap, Ethereum’s largest decentralised exchange, is the latest in the SEC’s crosshairs.

www.dlnews.com/articles/regulation/defi-at-risk-as-sec-slaps-uniswap-labs-with-wells-notice

Sui Gaming Handheld Targets Steam Deck, Runs PC and Crypto Games - Decrypt

The SuiPlay0x1 is a portable gaming device that aims to take crypto games mainstream via Sui integration—and token incentives.

decrypt.co/225578/sui-gaming-handheld-steam-deck-runs-pc-crypto-games

Liquid staked bitcoin provides new yield option for BTC holders

The Nomic DAO Foundation is adding Babylon's bitcoin staking protocol into its decentralized non-custodial Bitcoin bridge to create stBTC.

blockworks.co/news/liquid-staked-bitcoin-yield-option-btc-holders

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