265115
Rafael Puerari
@rafapuerari #265115
Humble Sat Stacker 🇧🇷
https://chat.whatsapp.com/HYcw28AICksB9SG7tCm6kn
219 Follower 487 Following
Foreign investors are pulling money out of Asian equities, excluding China, due to concerns over high stock valuations and geopolitical tensions in the Middle East. This shift has led to a net divestment of $7.61 billion in countries like India, Indonesia, Thailand, Vietnam, South Korea, Taiwan, and the Philippines, contrasting with last month's net purchases of $759 million driven by optimism over potential U.S. rate cuts. Simultaneously, investors are redirecting funds into Chinese and Hong Kong stocks following Beijing's stimulus measures, with $5.81 billion flowing into China-focused funds. Indian stocks experienced significant outflows of $5.35 billion in October, largely due to disappointing corporate results and valuation concerns, while other markets like Taiwan, South Korea, Thailand, and Indonesia also saw notable outflows.
Sovereign AI is becoming a priority for many countries as they seek to build artificial intelligence capabilities using their own data and infrastructure. This trend involves developing domestic AI computing power through partnerships with state-owned telecoms or local cloud providers. Examples include France’s Scaleway, Japan’s AIST, and Switzerland’s Swisscom Group. With support from NVIDIA's expertise in AI infrastructure and technology, these nations are enhancing their ability to maintain control over AI development and leverage their unique resources to drive innovation and secure their digital futures.
Institutional Bitcoin Accumulation: A Growing Trend
Institutional interest in Bitcoin has increased, with major companies and the launch of Bitcoin Exchange-Traded Funds (ETFs) marking significant investment milestones. MicroStrategy leads the way, holding over 1% of the total Bitcoin supply, with others such as Marathon Digital, Galaxy Digital and Tesla also heavily invested. Canadian and international companies such as Hut 8, Hive, Nexon and Phoenix Digital Assets are also accumulating Bitcoin. Combined, these companies hold over 340,000 BTC, reflecting strong institutional confidence. Bitcoin ETFs have further fueled accumulation, adding over 91,000 BTC recently, bringing total control to around 1.24 million Bitcoin, or 6.29% of the total supply.
Institutional interest in Bitcoin has increased, with major companies and the launch of Bitcoin Exchange-Traded Funds (ETFs) marking significant investment milestones. MicroStrategy leads the way, holding over 1% of the total Bitcoin supply, with others such as Marathon Digital, Galaxy Digital and Tesla also heavily invested. Canadian and international companies such as Hut 8, Hive, Nexon and Phoenix Digital Assets are also accumulating Bitcoin. Combined, these companies hold over 340,000 BTC, reflecting strong institutional confidence. Bitcoin ETFs have further fueled accumulation, adding over 91,000 BTC recently, bringing total control to around 1.24 million Bitcoin, or 6.29% of the total supply.
Global Bitcoin Adoption Trends: An Overview from 2019-2024
From 2019 to 2024, Bitcoin adoption has shown varying trends across countries, reflecting changes in the global cryptocurrency landscape. Argentina has seen a notable increase in Bitcoin usage, reaching 30% in 2024, largely driven by economic instability. Similarly, Brazil and India have seen significant growth in adoption, particularly in 2022, driven by the rise of digital financial services. In contrast, Switzerland and the United States have shown a more steady and gradual increase, suggesting more controlled and mature markets. Overall, these trends highlight a growing global interest in Bitcoin as an investment asset and a hedge against economic uncertainty.
From 2019 to 2024, Bitcoin adoption has shown varying trends across countries, reflecting changes in the global cryptocurrency landscape. Argentina has seen a notable increase in Bitcoin usage, reaching 30% in 2024, largely driven by economic instability. Similarly, Brazil and India have seen significant growth in adoption, particularly in 2022, driven by the rise of digital financial services. In contrast, Switzerland and the United States have shown a more steady and gradual increase, suggesting more controlled and mature markets. Overall, these trends highlight a growing global interest in Bitcoin as an investment asset and a hedge against economic uncertainty.
Tough day for $NVDA
Nvidia hit with subpoena from US Justice Department, Bloomberg News reports
Nvidia hit with subpoena from US Justice Department, Bloomberg News reports
Emerging Asian currencies outperformed their Latin American counterparts in August, buoyed by a weaker dollar. The Philippine peso (PHP) saw its best monthly gain in 18 years, while the Indonesian rupiah (IDR) reached its highest level in over four years. In contrast, Latin American currencies like the Mexican peso (MXN) faced significant declines due to domestic challenges and fluctuating commodity prices. Despite this, the softer dollar and hopes of a U.S. economic soft landing offer emerging markets some relief, creating opportunities to cut interest rates and focus on domestic growth. According to Ehsan Khoman, head of emerging market research at MUFG, central banks in countries such as the Philippines, Singapore, South Africa, South Korea, Taiwan, and Turkey are expected to follow the lead of early rate-cutters in Latin America and Central and Eastern Europe for the remainder of the year.
Global Bitcoin Adoption Trends: A 2019-2024 Overview
Summary: From 2019 to 2024, Bitcoin adoption has shown varied trends across countries, reflecting shifts in the global cryptocurrency landscape. Argentina has seen a notable increase in Bitcoin usage, reaching 30% in 2024, largely driven by economic instability. Similarly, Brazil and India have experienced significant growth in adoption, particularly in 2022, due to the rise in digital financial services. In contrast, Switzerland and the United States have exhibited a steadier, more gradual increase, suggesting more controlled and mature markets. Overall, these trends highlight a growing global interest in Bitcoin as both an investment asset and a hedge against economic uncertainty.
Summary: From 2019 to 2024, Bitcoin adoption has shown varied trends across countries, reflecting shifts in the global cryptocurrency landscape. Argentina has seen a notable increase in Bitcoin usage, reaching 30% in 2024, largely driven by economic instability. Similarly, Brazil and India have experienced significant growth in adoption, particularly in 2022, due to the rise in digital financial services. In contrast, Switzerland and the United States have exhibited a steadier, more gradual increase, suggesting more controlled and mature markets. Overall, these trends highlight a growing global interest in Bitcoin as both an investment asset and a hedge against economic uncertainty.
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Ready to dive into the world of Bitcoin and earn BTC? Bitcoin Magazine 21-day course on Bitcoin Basics will teach you everything you need to know! Each day, you’ll receive a lesson directly in your inbox.
How Does It Work?
- 21 Days, 21 Lessons: Learn at your own pace with one lesson per day.
- Earn 2,100 Sats: Complete the final quiz and earn 2,100 sats!
What Are Sats? 🧐
Sats are the smallest unit of Bitcoin, just like cents are to the dollar. Start stacking your sats by completing the course!
Bonus Prizes! 🎁
Keep an eye out for exclusive offers from Bitcoin Magazine throughout the course.
Engage and Earn! 💪
Open your emails daily, read the lessons, and get ready for the final quiz. Start your Bitcoin journey now and learn while you earn!
Try now!
https://mailchi.mp/3f6a13ff9719/6o86acgpb8
Tokenized treasury funds, which are blockchain-based representations of U.S. Treasury bills, reached a $2 billion market cap on Saturday, according to RWA.xyz. These funds, which provide yields similar to traditional treasuries but allow for faster trading on the blockchain, have seen rapid growth since their emergence in 2023, surpassing the $1 billion mark in April 2024 and doubling in size over the past five months. Although still a small fraction of the $27 trillion bond market, the tokenized treasuries sector is expanding, with Ethereum and Stellar currently dominating the space. Additionally, Centrifuge, a crypto startup, is launching a new on-chain lending market on the Base blockchain, allowing institutional clients to use tokenized treasuries as collateral without selling the tokens
Time to collect some art and music
Bitcoin Surge in African Business: A New Financial Frontier
Over 110 businesses across Africa have embraced Bitcoin, finding value in its low transaction fees and borderless nature, especially where traditional banking has fallen short. Countries like Nigeria, Kenya, and South Africa are at the forefront, driving significant adoption and innovation in the cryptocurrency space. This shift not only highlights Africa's growing crypto enthusiasm but also underscores the continent's potential as a major player in the global digital economy, offering a promising wave for investors and entrepreneurs alike.
Over 110 businesses across Africa have embraced Bitcoin, finding value in its low transaction fees and borderless nature, especially where traditional banking has fallen short. Countries like Nigeria, Kenya, and South Africa are at the forefront, driving significant adoption and innovation in the cryptocurrency space. This shift not only highlights Africa's growing crypto enthusiasm but also underscores the continent's potential as a major player in the global digital economy, offering a promising wave for investors and entrepreneurs alike.
Binance, Bybit, and Bitget Partner with Sanctum for Solana LSTs
The partnership between major exchanges like Binance, Bybit, and Bitget with Sanctum for creating Solana Liquid Staking Tokens (SOL LSTs) marks a significant evolution in the DeFi landscape:
- Increased Liquidity: LSTs keep staked SOL liquid, boosting participation in DeFi while earning rewards.
- User Engagement: Exchanges attract users by offering staking rewards and DeFi flexibility through LSTs.
- Revenue Generation: Exchanges gain new revenue from fees on LST transactions and staking activities.
- Network Security: Staking through LSTs enhances Solana's security by increasing total staked SOL.
- Innovation in Staking: LSTs enable seamless swaps and reduce staking fragmentation in Solana's ecosystem.
- Market Expansion: Partnerships with Sanctum drive growth and user adoption in Solana's DeFi space.
This collaboration not only benefits the exchanges and Sanctum but also enhances the utility and attractiveness of Solana's ecosystem.
The partnership between major exchanges like Binance, Bybit, and Bitget with Sanctum for creating Solana Liquid Staking Tokens (SOL LSTs) marks a significant evolution in the DeFi landscape:
- Increased Liquidity: LSTs keep staked SOL liquid, boosting participation in DeFi while earning rewards.
- User Engagement: Exchanges attract users by offering staking rewards and DeFi flexibility through LSTs.
- Revenue Generation: Exchanges gain new revenue from fees on LST transactions and staking activities.
- Network Security: Staking through LSTs enhances Solana's security by increasing total staked SOL.
- Innovation in Staking: LSTs enable seamless swaps and reduce staking fragmentation in Solana's ecosystem.
- Market Expansion: Partnerships with Sanctum drive growth and user adoption in Solana's DeFi space.
This collaboration not only benefits the exchanges and Sanctum but also enhances the utility and attractiveness of Solana's ecosystem.
Assets in U.S. money market funds have skyrocketed to an unprecedented $6.24 trillion this month, according to the latest data from the Investment Company Institute on August 21. This surge comes amidst growing market speculation that the Federal Reserve might soon pivot towards rate cuts, potentially as early as the September 17-18 meeting.
🐹 NEW: Hamster Kombat is launching its HMSTR token on the TON blockchain with a TGE and AirDrop set for September 26th.
Despite the crypto-AI space is in its infancy, with only a few protocols generating material revenue, the sector has been one of the best performing crypto asset classes this year
LiveArt Telegram Tap & Earn Game is Now Live! 🔥
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How to Play: Tap on the artwork to add it to your collection. The more artwork you collect, the more Gems you’ll earn.
Play the game for free and earn Gems. Gems will be converted to $ART tokens at TGE.
✈️ Play on Telegram: https://t.me/collection_hunt_bot/start?startapp=referrerId429017237
How to Play: Tap on the artwork to add it to your collection. The more artwork you collect, the more Gems you’ll earn.
LiveArt Telegram Tap & Earn Game is Now Live! 🔥
Play the game for free and earn Gems. Gems will be converted to $ART tokens at TGE.
✈️ Play on Telegram: https://t.me/collection_hunt_bot/start?startapp=referrerId429017237
How to Play: Tap on the artwork to add it to your collection. The more artwork you collect, the more Gems you’ll earn.
Play the game for free and earn Gems. Gems will be converted to $ART tokens at TGE.
✈️ Play on Telegram: https://t.me/collection_hunt_bot/start?startapp=referrerId429017237
How to Play: Tap on the artwork to add it to your collection. The more artwork you collect, the more Gems you’ll earn.
"You can't build a company meant to serve as a town square without having something underneath that no single entity owns." - Jack
https://m.youtube.com/watch?v=qUwXRDrfJU0
https://m.youtube.com/watch?v=qUwXRDrfJU0
Weekly Crypto Highlights and Developments
🔹Tron Overtakes Ethereum and Solana in Daily Revenue Growth.
🔹Grayscale Introduces Avalanche Trust for Accredited Investors.
🔹Sony Set to Launch Soneium, an Ethereum Layer-2 Blockchain.
🔹Solana ETF Launch Delayed Due to Regulatory Hurdles.
🔹Coinbase Reveals New Strategic Initiatives with Polygon and Solana.
🔹Justin Sun Justifies Removal of Bitcoin from USDD Collateral.
🔹WazirX Plans Gradual Resumption of Rupee Withdrawals Following Hack.
🔹Bitwise Acquires ETC Group, Strengthening Its European Market Position.
🔹Sotheby's CryptoPunk Auction Highlights NFT Market Slowdown.
🔹Federal Authorities Utilize NFTs to Notify CluCoin Scam Victims.
🔹Stepn Go Collaborates with G-Shock for NFT Sneaker Release.
🔹ME Foundation Launches ME Token to Facilitate Cross-Chain Trading.
🔹Tron Overtakes Ethereum and Solana in Daily Revenue Growth.
🔹Grayscale Introduces Avalanche Trust for Accredited Investors.
🔹Sony Set to Launch Soneium, an Ethereum Layer-2 Blockchain.
🔹Solana ETF Launch Delayed Due to Regulatory Hurdles.
🔹Coinbase Reveals New Strategic Initiatives with Polygon and Solana.
🔹Justin Sun Justifies Removal of Bitcoin from USDD Collateral.
🔹WazirX Plans Gradual Resumption of Rupee Withdrawals Following Hack.
🔹Bitwise Acquires ETC Group, Strengthening Its European Market Position.
🔹Sotheby's CryptoPunk Auction Highlights NFT Market Slowdown.
🔹Federal Authorities Utilize NFTs to Notify CluCoin Scam Victims.
🔹Stepn Go Collaborates with G-Shock for NFT Sneaker Release.
🔹ME Foundation Launches ME Token to Facilitate Cross-Chain Trading.
Mt. Gox has distributed 108.79k BTC, reducing its holdings from $8.63 billion in July to $2.01 billion by August 23, 2024. This significant drop highlights the winding down of distributions, with 96k BTC already delivered to major partners like Bitstamp. The remaining 46k BTC might take years to distribute, easing sell pressure on the market and creating a more stable outlook for Bitcoin for the rest of the year.
Weekly Market Highlights
NVIDIA Faces a Major Test
NVIDIA’s upcoming earnings report could challenge the current AI-fueled market enthusiasm. With its stock up 150% this year, investors are wary of potential disappointments that could echo the tech bubble burst of the early 2000s.
Eurozone Inflation’s Crucial Role
August inflation data from the Eurozone will be pivotal for the ECB’s next rate decision.
Australia’s Inflation Conundrum
The Reserve Bank of Australia faces critical inflation data this week, which could influence its stance on keeping rates high.
Euro's Strong Performance Tested
The euro has reached its highest levels against the dollar this year, driven by diverging rate expectations.
Gold Shines Amid Global Uncertainty
Gold continues its upward trajectory, approaching $3,000 an ounce. Heightened global risks, including geopolitical tensions and economic instability, have bolstered its appeal as a safe-haven asset.
NVIDIA Faces a Major Test
NVIDIA’s upcoming earnings report could challenge the current AI-fueled market enthusiasm. With its stock up 150% this year, investors are wary of potential disappointments that could echo the tech bubble burst of the early 2000s.
Eurozone Inflation’s Crucial Role
August inflation data from the Eurozone will be pivotal for the ECB’s next rate decision.
Australia’s Inflation Conundrum
The Reserve Bank of Australia faces critical inflation data this week, which could influence its stance on keeping rates high.
Euro's Strong Performance Tested
The euro has reached its highest levels against the dollar this year, driven by diverging rate expectations.
Gold Shines Amid Global Uncertainty
Gold continues its upward trajectory, approaching $3,000 an ounce. Heightened global risks, including geopolitical tensions and economic instability, have bolstered its appeal as a safe-haven asset.