Proshares’s Bitcoin ETF saw দিনের 1B in first day volume, BTC price reached new heights, and Coinbase partners with NBA and WNBA: Hodler’s Digest, October 17-23

Coming every Saturday, Hodler’s Digest This will help keep track of every important news that happens this week. The best (and worst) quotes, highlights of acceptance and control, leading coins, predictions and much more – one week at Cointelegraph in one link.

Top news this week

Bitcoin has officially reached a new all-time high above $ 65K

Bitcoin (BTC) reached a new all-time high this week, breaking the previous ceiling of $ 64,900 since April as the asset went into price discovery mode before exceeding about $ 67,000.

Bullish Momentum coincides with the successful launch of ProShare’s Bitcoin Futures-Based Exchange-Traded Fund (ETF). Many viewers are expecting prices to rise in the coming weeks and months, tending to be more optimistic even up to $ 300,000 in the near future.

With Bitcoin’s market capitalization dominance peaking since mid-May, many popular traders insisted that now is the time to focus on digital gold and keep the altcoin market on the back burner for the moment.

ProShares Bitcoin-linked ETF launched on NYSE

ProShares has achieved a major milestone for the crypto sector this week after the firm launched its Bitcoin Futures-Based ETF (BITO) on the New York Stock Exchange (NYSE) on Tuesday.

ProShare’s Bitcoin Strategy ETF saw nearly 1 billion in volume on its opening day, Bloomberg analysts say it is reasonable The largest first day volume For an ETF in terms of “natural” or “grassroots interest”.

After two days on the NYSE, Proshares ’ETF has become by far the fastest fund to reach $ 1 billion in assets under management. Following Proshares’ ETF, many viewers are waiting to see how it performs on the next line. As of writing Friday, Valkiri has just launched it Bitcoin Future ETF At NYSE.

Coinbase has announced a multi-year partnership with the NBA and WNBA

Top crypto exchange Coinbase has signed deals with the NBA, WNBA, NBA G League, NBA 2K League and USA Basketball as part of a multi-year sponsorship deal. As part of the deal, Coinbase will work to educate basketball fans in crypto.

According to the NBA, Coinbase will create “unique content, innovation, activation and experience” to help basketball fans learn about crypto space. The firm’s branding will also appear during television games.

The move could be a real “slam dunk” for the industry in terms of mainstream adoption, with data from Statista showing that an average of 1.6 million people watched NBA regular-season games on major networks during the 2019-2020 season.

Maria Kerry has bought Bitcoin, hoping to empower fans through education

Maria Kerry, the pop icon behind the split Christmas song “All I Want for Christmas Is You,” has partnered with Winklevas Twins Crypto Exchange Gemini to promote bitcoin adoption and support color girls to earn STEM degrees – a broad education department that specializes in science, technology. , Refers to engineering and mathematics.

In a video to his 10.2 million Instagram followers, Kerry says he is a bitcoin investor and has offered his fans a referral code to redeem $ 20 in free BTC.

Her promotion deal is linked to charitable causes, as users who sign up through referral links and trade digital assets at Gemini will contribute directly to Black Girls Code, a non-profit organization that provides technology education for African-American girls.

The Brazilian kid gained more than 6,500% in his first bitcoin holding

Hudler, a four-year-old from Brazil, earned more than 6,500% on his first bitcoin. The girl’s father, Joao Kanhada, gifted 1 BTC to his newborn in 2017 when the property was valued at about $ 915.

Kanhada is the founder of the Brazilian crypto exchange Foxbit, and says he bought his daughter Bitcoin not just as a gift, but as a “way to invest” in the emerging crypto sector. It turns out he was in the right place at the right time, as the price of Bitcoin soared to $ 20,000 at the end of 2017.

Despite many obstacles along the way, Bitcoin was worth about $ 61,000 over the weekend, suggesting that its profit now sits at around 6,560%.

Winners and losers

Over the weekend, Bitcoin (BTC) Is there $ 60,658, Ether (ETH) A $ 3,963 And XRP A. $ 1.09. At the total market cap $ 2.51 trillion, According to At CoinMarketCap.

Among the top 100 cryptocurrencies, the top three Altcoin recipients of the week are United Nations At 71.25%, Nexus (Nexus) At 33.80% and Huobi Token (HT) At 33.70%.

The top three altcoins of the week are damaged Flow AT -21.20%, Celsius (CEL) At 14.00% and Permanent Protocol (PERP) At -13.14%.

For more information on crypto pricing, be sure to read Cointelegraph’s market analysis.

The most memorable quote

“If not checked, these digital assets and payment systems could undermine the effectiveness of our sanctions.”

US Treasury Department

“We’ve got a lot of smart people working at Icahn & Company, and we don’t just understand Bitcoin. I’m not saying it’s bad or good, I’m just saying we don’t understand it. We’re not going to invest in something we don’t get. […] The jury is really out on whether Bitcoin has an intrinsic value or acts as a repository of value. If inflation rises sharply, I guess it’s worth it. There are so many variables, it’s hard to invest. “

Carl Icon, Founder of Icahn Enterprise

“There is a lot of history here. We think it will track quite well and, most importantly, we think the combination of a regulated futures market and a 40-act ETF will really open up the opportunity for Bitcoin exposure to many people who are waiting. Next door. “

Simeon Hyman, Head of investment strategy at ProShares

“To protect consumers and reduce costs, we encourage streamlining of state-level regulatory frameworks for stablecoins and the issuance of special-purpose charters by federal banking regulators for stablecoin companies.”

Chamber of Digital Commerce

“DAOs clearly do not fall within the existing company structure in Australia. […] This regulatory uncertainty is preventing significant projects in Australia. ”

Australian Senate Committee on Technology and Financial Center (ATFC)

“Dim is not Facebook. We are an independent organization, and one of the more than two dozen members of Facebook’s Novi Diem Association. Novi’s pilot with Paxos is not related to the egg.


“We’ve made a lot of noise over the last few months about being hyperactive in cryptocurrency.”

Adam Aaron, CEO of AMC

“AI, especially the low-tech, surveillance form, is essentially communist.”

Peter Thiel, Co-founder of PayPal

Forecast of the week

Traders are ready to drop to $ 58K if the price of Bitcoin loses $ 62K support

Bitcoin prices are in the north this week. According to Cointelegraph’s BTC price indexIn a week filled with Bitcoin ETF titles, the asset broke its all-time high of $ 65,000, reaching $ 67,000. Bitcoin cooled after its uptrend, however, falling below $ 60,000.

Several people have weighed in on the potential upcoming price action for Bitcoin. The Twitter account for E-Club Trading, an investment analysis firm, cited a level near $ 58,000 as a potential landing zone if Bitcoin lost the $ 62,000 level.

BTC could probably ride up to $ 80,000, or it could go up to $ 58,000 or $ 53,000 before pushing for $ 80,000, ExoAlpha chief investment officer David Lifchitz noted.

FUD of the week

Businesses in New York are asking the governor to deny permission for crypto mining

New York Governor Kathy Hochul received a letter this week urging her to deny permission to convert the city’s old fossil-fuel power plants into crypto mining centers. The power plants in question are the Greenwich Generating Station and the Fortistar North Tonawanda facility, which are now the full throttle of Mine and Huddle’s ambitious targets.

The letter was co-signed by a long list of local companies, businesses and labor groups who came together to express their concerns about the energy-intensive puff-of-work crypto mining model.

“Proof-of-work cryptocurrency mining uses a lot of energy to power the computers needed to run a business – if this activity expands to New York, it could drastically undermine New York’s climate goals established under the Climate Leadership and Community Protection Act,” the letter reads.

NYAG has ordered the closure of 2 crypto firms, the other 3 are investigating

Speaking of New York, the state attorney general’s office went after five local crypto firms on Monday, instructing two unnamed companies to stop operations, while launching investigations into the other three.

The attorney general’s office alleged that the two agencies were involved in illegal activities and requested details of another firm’s lending products, policies, procedures, state clients and other relevant information.

One of the three crypto lending firms under investigation is Celsius Network, the firm confirmed the news in a blog post on Tuesday. Celsius said it was “working to provide regulators in New York” with information about its business.

Senators pressured Facebook to ‘immediately shut down’ the new wallet pilot

Hours after its pilot program went live this week, five U.S. senators asked social media giants to shut down their crypto wallets, depending on what FUD might or may not be, depending on someone’s attitude towards Facebook.

Facebook’s Novi Wallet launched a pilot in the United States and Guatemala on Tuesday in partnership with Coinbase, but it was not in the group of senators, including crypto skeptic Elizabeth Warren. In a letter to Facebook CEO and meat-smoking enthusiast Mark Zuckerberg, the senators “strongly oppose Facebook’s revived efforts to introduce cryptocurrency and digital wallets.”

The letter reads, “Facebook cannot be trusted to manage a payment system or digital currency when the existing ability to manage risks and protect consumers is proven to be completely inadequate.”

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