Could Bitcoin ETFs Surpass Satoshi’s Holdings? | Key Points | Aug. 14, 2024
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s feature story: Someone calculated as to when the current Bitcoin ETFs will surpass the BTC owned by Satoshi Nakamoto.
Here are the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates 📈
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $60,483.08 up 2.3% over the last 24 hours.
- Ethereum (ETH): $2,709.91 down 0.2% over the last 24 hours.
- Solana (SOL): $144.87, down 0.5% vs the previous day.
Trending Coins Update
- Aethir: $0.0778, up 23.9% vs the previous day.
- BlackCardCoin: $2.82, up 73.8% over the last 24 hours.
- Sui: $0.9517, down 2.9% vs the previous day.
For the daily price update, check out our post on Facebook.
Feature News: Could Bitcoin ETFs Surpass Satoshi’s Holdings?
U.S. Bitcoin ETFs are set to collectively hold more Bitcoin than its creator, Satoshi Nakamoto, with nearly 900,000 BTC already under management.
Why is this important? This milestone highlights the rapid growth and mainstream acceptance of Bitcoin ETFs, which provide a regulated entry point for investors who were previously hesitant about direct crypto investments.
By the numbers:
- Total BTC held by ETFs: ~900,000
- Satoshi Nakamoto’s estimated holdings: 1.1 million BTC
- BlackRock’s Bitcoin Trust: 347,994 BTC
*All numbers according to a Decrypt report.
What’s next? At the current pace, these ETFs are expected to surpass Satoshi’s Bitcoin holdings by October 2024, with BlackRock likely leading the pack.
Philippine Crypto News 🇵🇭
- BitPinas Article: PDAX, Investagrams announces strategic partnership for accessible crypto trading
- Coins.ph listed Hivemapper’s $HONEY token.
- Coins.ph’s Meme Coin Trading Tournament is now ongoing and will last until September 11.
- Web3 Philippines’ WEB3 Classroom Episode 4: Writing Native Solana Smart Contracts with Alvin Reyes and Kristian Quirapas will air on August 15.
Educational Corner 🎓
Learn how to earn stablecoin $USDT by just playing. Check put this guide on the Telegram game Banana.
- BANANA, a new clicker game on Telegram’s Mini-Apps Ecosystem developed by the team behind the popular Steam game Banana.
- It offers players the chance to earn points called PEELs by tapping on a banana icon and completing in-game tasks.
Regulation Watch 📜
Stay informed about the latest regulatory updates and what they mean for you:
- The SEC charged NovaTech founders for operating a $650 million pyramid scheme.
- Binance users in Venezuela are facing access restrictions to the platform following government-imposed blockages on various websites.
- Rep. Ro Khanna hints at a potential positive update on crypto regulation from the Biden administration following recent high-profile meetings with industry leaders.
Community Spotlight 🔦
Meet Floi Wycoco: He is currently the Senior Campaigns Manager of Coins.ph.
- He is the founder of The Global Filipino Investors (TGFI), an online community dedicated to educating Filipinos about financial literacy, investing, and entrepreneurship.
- Recently, he was one of the panelists and debaters on the TechTalk session during the World of Consumer Electronics Expo (WOCEE) event last August 9, 2024.
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- Zora launched onchain NFT secondary markets with Uniswap using a new “ERC-20z” token standard.
- Ion Protocol raised $4.8 million to further develop its native yield platform, Nucleus.
- Restaking protocol Symbiotic launched its devnet on Ethereum’s Holesky test network and plans a full mainnet release in Q3.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- Ronin leads web3 gaming with high user activity, staking rewards, and popular games.
- Catizen is gearing up for a massive $500 million airdrop of its $CATI token.
- Hamster Kombat stated that it rejected multiple venture capital offers to maintain focus on player interests and is preparing for a massive airdrop of its $HMSTR token.
Event Announcements 📅
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Bitget Crypto Experience Day Philippines: August 17, 2024
- CoinsGG feat. CRETA: August 28, 2024
- Solana Radar Global Hackathon: September 2, 2024
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Germany’s largest development bank, KfW, is collaborating with Boerse Stuttgart Digital to issue a blockchain-based digital bond under the German Electronic Securities Act.
- Marathon Digital Holdings plans to offer $250 million in convertible senior notes to acquire more bitcoin.
- According to a Halborn report, despite a 50% drop in stolen funds in 2023, DeFi hacks remain a significant threat.
- Bernstein analysts attribute Bitcoin’s recent price drop to Kamala Harris’s rising presidential polling lead.
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This article is published on BitPinas: Bitcoin ETFs Could Surpass Satoshi’s Holdings | Key Points | Aug. 14, 2024
