Worlds largest sovereign wealth fund Bitcoin exposure not intentional

If the fund was aiming to increase its Bitcoin exposure, there would be more evidence of direct exposure initiatives, according to an analyst.

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Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety

K33 Research analysts warn that the potential return of over $9 billion worth of Mt. Gox-era Bitcoin could unsettle the market and exert negative price pressure on Bitcoin. Creditors of the now-defunct Mt. Gox crypto exchange have shared updates on their claims, indicating that Bitcoin repayments could begin as early as next month. The sheer quantity of Bitcoin involved could create an "overhang" and potentially impact Bitcoin's price in the coming weeks. (Read More)

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Meme Coin Rally May Signal Impending Altcoin Season; This Is the Sign to Watch

Bitcoin has led the crypto advance this year, but altcoins could start outperforming soon, analysts said.Source: CoinDesk

The post Meme Coin Rally May Signal Impending Altcoin Season; This Is the Sign to Watch appeared first on Crypto Breaking News.

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Bybit CEO says total liquidations could be much as $10 billion

Bybit CEO Ben Zhou has challenged reports that today’s crypto market liquidations totaled just $2 billion. Instead, Zhou suggested that the actual figure could range between $8 billion and $10 billion. The exchange CEO pointed to Bybit’s internal data, which recorded $2.1 billion in liquidations on the platform alone over the last 24 hours. This […]

The post Bybit CEO says total liquidations could be much as $10 billion appeared first on CryptoSlate.

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Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion

A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive snapshot of the crypto landscape, highlighting that these 10,000 firms possess a collective valuation of $180 billion. K33 Research Unveils Crypto [...]

The post Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion appeared first on Crypto Breaking News.

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Why The Uniswap (UNI) Token Is Almost Worthless: Researcher

In an analysis, Anders Helseth, Vice President at K33 Research, has mounted a strong case against the viability of the Uniswap (UNI) token. His analysis pivots on the intriguing dynamics of the decentralized finance (DeFi) market, fundamentally challenging the current valuation and future potential of UNI. Helseth begins his argument with a seemingly straightforward question: [...]

The post Why The Uniswap (UNI) Token Is Almost Worthless: Researcher appeared first on Crypto Breaking News.

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