BTC hits multi-week high, as credit rating is lowered at several US banks.
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Bitcoin Surges Above $29.5K as Weak China Data Causes Yields to PlummetBitcoin has experienced a significant increase in value, surpassing $29.5K, following the release of weak import and export data from China. The data indicates a steep decline in imports and exports, suggesting that Beijing may need to implement further economic stimulus measures. As a result, the U.S. 10-year Treasury yield has dropped below 4%, reaching its lowest level since 2023.
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Bitcoin's 'Taker Buy-Sell Ratio' Surges Signals Renewed Bullish VigourBitcoin's taker buy-sell ratio recently surged on several crypto exchanges, indicating a renewed bullish sentiment around $29,000. The ratio reached 1.36 on Aug. 1 on ByBit, the highest in at least a year, according to data from CryptoQuant.
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Cathie Wood predicts SEC simultaneously allowing multiple spot crypto ETFs: ReportARK Investment Management founder and CEO Cathie Wood predicts another delay in the approval of a spot Bitcoin ETF application by the SEC. This prediction aligns with a proposal by Grayscale, the company currently suing the SEC over its refusal to accept an application for its Bitcoin Trust to be converted to a spot Bitcoin ETF. Grayscale's legal team has requested the SEC to approve all proposed spot Bitcoin ETFs at the same time to prevent any advantage for one over another.
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Valkyrie Amends Bitcoin Futures ETF To Include Ethereum Futures, Could Be First To LaunchValkyrie plans to modify its Bitcoin futures ETF to include Ethereum futures contracts, aiming to launch before its competitors. The Valkyrie Bitcoin Strategy ETF will adjust its investment strategy to include a combination of Bitcoin and Ether futures contracts, with the fund's ticker remaining the same but its name changing to the Valkyrie Bitcoin and Ether Strategy ETF.
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Wind Industry Hits Rough Seas as Problems MountThe wind business, viewed by governments as key to meeting climate targets and boosting electricity supplies, is facing a dangerous market squall
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Aptos' APT Token Slides Ahead of $30M UnlockAPT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data. Aptos blockchain’s native token APT has slid ahead of this week’s unlock of more than 2% of the circulating supply. Data from TokenUnlocks shows that more than 4.5 million APT tokens, worth about $30 million, will be unlocked on Friday. 3.21 million tokens, or $21 million, will be distributed to the community, while the remaining tokens will be distributed to the Aptos Foundation.
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