1. Independent presidential candidate Kennedy hopes that the US BTC holdings will match the size of US gold reserves. Trump has raised over $4 million in campaign funds through cryptocurrency assets such as Bitcoin. The 30 day correlation coefficient between Bitcoin and the MSCI Global Stock Index has approached -0.2. 4. Analysis: The current decline of Bitcoin is related to seasonal factors, and the timing of the launch of Ethereum spot ETFs is not good. By 2050, Bitcoin may account for 10% of international trade and 5% of local trade, becoming a reserve asset for central banks. 6. Crypto mining company MARA purchases Bitcoin worth $100 million and holds over 20000 coins. 7. The Hong Kong Securities and Futures Commission has included CoinUnited.io and its related websites in the warning list of suspicious virtual asset trading platforms. Ark Invest sells its own spot Bitcoin ETF for $7.76 million.
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The spot Ethereum ETF officially opened for trading in the United States on Tuesday, which could bring the world's second-largest cryptocurrency into the investment tools of many professional investors and advisors, marking another step in the increasing integration of digital assets into mainstream finance. After the spot Ethereum ETF started trading, the Ethereum price slightly fell, but quickly regained most of the lost ground. Haseeb Qureshi, Managing Partner of Dragonfly, pointed out that the opening trading volume of spot Ethereum ETFs has shown strong performance, but the price of Ethereum has not yet changed significantly. It can be speculated that this is because the grayscale ETFs are mainly selling, which will offset a lot of the inflow of funds on the first day. Ethereum is the native cryptocurrency on the Ethereum blockchain. Compared to Bitcoin, which is often regarded as digital gold, investing in Ethereum is seen more as a bet on the growth of blockchain and broader cryptocurrencies.
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