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Bitcoin ETF Equals Danger? 🫣

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coinmarketcap.com

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Thu, Sep 26, 2024 11:29 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRo18q2P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWZvZmd1MGYzcDA4MlcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 26 Sep 2024 11:25 UTC Bitcoin's flirting with $64K, like a cat circling its favorite spot before settling in. Will it jump? Or just keep circling? That's the billion-dollar question. Meanwhile, the Crypto Fear and Greed Index is sitting pretty at 48. That's smack in the middle of "meh" territory. But this calm? It's more like the eye of a storm. Sure, on the surface, it looks like crypto's taking a breather. No wild swings, no heart-stopping plunges. Just... steady. But here's the thing: in crypto, "steady" is about as common as a unicorn sighting. And just as believable. Analysts are already calling it the “calm before the storm.” Anyway, let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours: - China's money printer might go brrr with a huge stimulus package. But [how does](~/AAQRxQA~/RgRo18q2P0SPaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hpbmEtcmV2ZWFscy1tYXNzaXZlLXN0aW11bHVzLXBhY2thZ2UtaW5jcmVhc2VkLWxpcXVpZGl0eS1jb3VsZC1ib29zdC1jcnlwdG8tcHJpY2VzP2xpZD1mbHc3dmk4d2ViYzZXA3NwY0IKZvS2RfVmRwVM8lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) it translate into a crypto bull run? 🚀 - Bitcoin ETFs might not be what they seem. [What’s](~/AAQRxQA~/RgRo18q2P0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXhwZXJ0cy13ZWlnaC1pbi1vbi1jb2luYmFzZS1ibGFja3JvY2stcGFwZXItYml0Y29pbi1zcG90LWV0Zi1ydW1vcnM_bGlkPWxpMjA1Nnljd2NzZVcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) going on? 🤔 - A new crypto gaming phone hits the market. What [features](~/AAQRxQA~/RgRo18q2P0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUveHByb3RvY29sLWFubm91bmNlcy14Zm9yZ2UtZXRoZXJldW0tZGVwaW4tc21hcnRwaG9uZS1mb3ItYmxvY2tjaGFpbi1nYW1pbmc_bGlkPWozOTBwYmNsc3YyelcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) does it offer and how much does it cost? 🎮 - $230 million vanishes in India's biggest crypto heist. [Where](~/AAQRxQA~/RgRo18q2P0R4aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaGFja2VyLW9mLWluZGlhbi1leGNoYW5nZS13YXppcngtbmVhcmx5LWZ1bGx5LWxhdW5kZXJlZC1mdW5kcz9saWQ9djl2YWU3cWJ3d3NwVwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) did all that money go? 💨 - South Korea's giving Bitcoin the cold shoulder. [What's](~/AAQRxQA~/RgRo18q2P0SRaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc291dGgta29yZWFuLWNyeXB0by10cmFkZXJzLXNoaWZ0LWZvY3VzLXRvLWFsdGNvaW5zLWFzLWJ1bGxpc2gtbWFya2V0LWZvcmVjYXN0cy1hYm91bmQ_bGlkPTV1MXMzZ255cWk1eVcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) got them so excited about altcoins? 🇰🇷 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.26T ▲1.28% (24h) 24H MARKET VOLUME $68.57B ▼6.9% (24h) BITCOIN’S DOMINANCE 56.27% ▲0.06% (24h) FEAR & GREED INDEX 48 Neutral [Bitcoin] Bitcoin $64,482.29 ▲1.45% (24h) [Ethereum] Ethereum $2,628.49 ▲0.43% (24h) [BNB] BNB $596.6 ▲0.46% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRo18q2P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWNhZ2ZsZnVhOWtuNFcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRo18q2P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9aDd1MGFjNHc2Mmh6VwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRo18q2P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1zZm4wNml0MGFzcHpXA3NwY0IKZvS2RfVmRwVM8lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRo18q2P0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPXYxcGo4c2g3eXVpMVcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [APEmove] [APEmove](~/AAQRxQA~/RgRo18q2P0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2FwZW1vdmUvVwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲983.66% [Wegie] [Wegie](~/AAQRxQA~/RgRo18q2P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲849.19% [DOGO] [DOGO](~/AAQRxQA~/RgRo18q2P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲521.43% TOP LOSERS 24H% [Neiro BNB] [Neiro BNB](~/AAQRxQA~/RgRo18q2P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL25laXJvLWJuYi9XA3NwY0IKZvS2RfVmRwVM8lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼91.62% [CATX] [CATX](~/AAQRxQA~/RgRo18q2P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼90.3% [MAGA] [MAGA](~/AAQRxQA~/RgRo18q2P0Q2aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21hZ2EtcGVvcGxldG9rZW4vVwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼88.43%   China's Money Printer May Go Brrr The People's Bank of China announced a massive stimulus package that's shaking up markets worldwide. We're talking rate cuts, looser lending rules, and a flood of cash into the economy. History shows that when the money printers start humming, crypto often takes off. Some big names in the crypto world are already buzzing about this. They're saying this could be the start of a new bull run. But it's not just about crypto. China's also pumping billions into its stock market, trying to give it a boost. But why is it happening all of a sudden? Read the [full story](~/AAQRxQA~/RgRo18q2P0SPaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hpbmEtcmV2ZWFscy1tYXNzaXZlLXN0aW11bHVzLXBhY2thZ2UtaW5jcmVhc2VkLWxpcXVpZGl0eS1jb3VsZC1ib29zdC1jcnlwdG8tcHJpY2VzP2xpZD1jZmV1eDBmdnh0a2VXA3NwY0IKZvS2RfVmRwVM8lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Is Your Bitcoin ETF Holding Real BTC? Imagine buying Bitcoin, but not actually owning any. Well, that's exactly what some people think is happening with certain Bitcoin ETFs. Rumors are swirling that Coinbase might be playing fast and loose with investor funds. The accusation? They're allegedly issuing "paper Bitcoin" instead of the real deal. BlackRock, the biggest name in asset management, is now caught in the crossfire. A recent SEC filing has raised eyebrows and fueled conspiracy theories. Is there any truth to these claims? Or is it all just crypto FUD? Read the [full story](~/AAQRxQA~/RgRo18q2P0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXhwZXJ0cy13ZWlnaC1pbi1vbi1jb2luYmFzZS1ibGFja3JvY2stcGFwZXItYml0Y29pbi1zcG90LWV0Zi1ydW1vcnM_bGlkPTAyd2hyMzB4YTJ2M1cDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Behind the Crypto Curtain: How Galaxis Made NFTs Work for the Masses [Behind the Crypto Curtain: How Galaxis Made NFTs Work for the Masses](~/AAQRxQA~/RgRo18q2P0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmVoaW5kLXRoZS1jcnlwdG8tY3VydGFpbi1ob3ctZ2FsYXhpcy1tYWRlLW5mdHMtd29yay1mb3ItdGhlLW1hc3Nlcz9saWQ9ZmltNnZjam15bjR0VwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) A case study on Web2-Web3 bridge building. Right around the last bull run, Galaxis.xyz emerged as a new & exciting... [Read More](~/AAQRxQA~/RgRo18q2P0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmVoaW5kLXRoZS1jcnlwdG8tY3VydGFpbi1ob3ctZ2FsYXhpcy1tYWRlLW5mdHMtd29yay1mb3ItdGhlLW1hc3Nlcz9saWQ9b202dHA1dm51cXVjVwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Gaming Phones Get Crypto Makeover XProtocol just announced the launch of a “crypto phone.” Here's the deal: it's an Android phone with some decent specs, priced at $299. The XForge is being touted as the world's first "DePIN phone." If you're scratching your head at that term, you're not alone. DePIN stands for decentralized physical infrastructure networks. In plain English? It's about using blockchain tech to connect real-world devices. What is it all about? Read the [full story](~/AAQRxQA~/RgRo18q2P0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUveHByb3RvY29sLWFubm91bmNlcy14Zm9yZ2UtZXRoZXJldW0tZGVwaW4tc21hcnRwaG9uZS1mb3ItYmxvY2tjaGFpbi1nYW1pbmc_bGlkPWNtMTR2ejRtMjIwM1cDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   The $230 Million Crypto Hack Remember that massive WazirX hack from July? Well, the plot just thickened. The culprit behind India's biggest crypto heist is playing the game of hide-and-seek. And they're winning. From a $230 million haul, only $6 million in Ethereum remains in the original wallet. Where did the rest go? Enter Tornado Cash, the crypto's infamous laundromat. It's been working overtime, with $50 million worth of tokens swirling through its pipes in August alone. But September? That's when things really kicked into high gear. We're talking about multi-million dollar transfers happening in the blink of an eye. So no one can find or track these transfers anymore? Read the [full story](~/AAQRxQA~/RgRo18q2P0R4aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaGFja2VyLW9mLWluZGlhbi1leGNoYW5nZS13YXppcngtbmVhcmx5LWZ1bGx5LWxhdW5kZXJlZC1mdW5kcz9saWQ9MDJocXdvdmdja2d2VwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   CMC NARRATIVE: GAMEFI Token2049 Singapore’s in the books, and we’re still digesting everything we saw. More news soon, including an interview with Yat Siu, Animoca Brands founder! We found a ton of new gaming studios, exciting games and...[Continue Reading.](~/AAQRxQA~/RgRo18q2P0RuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1nYW1lZmktZmxhcHB5LWJpcmRzLWJsb2NrY2hhaW4tcmVzdXJyZWN0aW9uP2xpZD0xMDExdHI4ODAzcHNXA3NwY0IKZvS2RfVmRwVM8lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [CMC NARRATIVE: GAMEFI](~/AAQRxQA~/RgRo18q2P0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtc2luZ2Fwb3JlLXNsaW5nLWZvci10aGUtbW9vbi1pbmNvbWluZz9saWQ9bng0bGFpOXZ1MHJjVwNzcGNCCmb0tkX1ZkcFTPJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Track all the GameFi trends on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRo18q2P0Q3aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L2dhbWluZy8_bGlkPTYwdDMwbmF0NW82ZFcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   South Korea? No Good for Bitcoin Bitcoin, the usual star of the show, is suddenly playing second fiddle. Korean traders are eyeing a different prize: altcoins. Why the sudden change of heart? It all started with a whisper from across the Pacific. The US cut interest rates, and suddenly, everyone's going bullish on alts. The Bitcoin Korea premium index? It's dipping. We're talking negative numbers here. But here's where it gets interesting. Korean exchanges are lighting up with activity. It's not Bitcoin they're after, though. So which coins are getting the most investments? Read the [full story](~/AAQRxQA~/RgRo18q2P0SRaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc291dGgta29yZWFuLWNyeXB0by10cmFkZXJzLXNoaWZ0LWZvY3VzLXRvLWFsdGNvaW5zLWFzLWJ1bGxpc2gtbWFya2V0LWZvcmVjYXN0cy1hYm91bmQ_bGlkPTdqZXFyYzM2a3BkelcDc3BjQgpm9LZF9WZHBUzyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   And that's it for today. 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