BlackRock now holds 1.5% of the entire $ETH supply, And they | X mucaN on Binance Square

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BlackRock now holds 1.5% of the entire $ETH supply, And they did it in under 12 months.
This isn’t speculation.
It’s accumulation by the most powerful asset manager in the world.
You should ask yourself why. What do they know?

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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It is super difficult to make money now from trading futures, meme coins, and even spot trading. Whatever trade you are placing, make sure you are taking a calculated risk. If you lose all your money, it will be super difficult for you to make it back now. $BTC is not doing bad, but every altcoin out there is not performing well. A lot of coins were expected to be trading at least 2x the current price when Bitcoin gets to $100,000. $SOL doesn’t seem to be making any tangible growth due to the damage meme coins are causing. $ETH has been moving like a stablecoin for the past 3 years. So please be careful with the trades you place. Do not lose the little you have. This is the truth. #altcoins #xmucan #memecoins

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A Japanese company called Metaplanet, kind of like Japan’s version of MicroStrategy, said it’s moving to the second part of its Bitcoin plan. Now, they want to use their Bitcoin as a kind of loan guarantee to get money and buy businesses that make regular income. One of the things they’re thinking about buying is a digital bank in Japan, something that could offer better online banking than regular banks do right now. We are really getting a lot of attention on $BTC

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Hong Kong is making a new rule about digital money called stablecoins, and it will start on August 1 this year. The people in charge, called the Hong Kong Monetary Authority, will start giving out special licenses to companies that want to create or manage this kind of money. They will only give a few licenses, probably less than 10, but over 40 big companies in China, like huge banks and internet companies, are already getting ready to apply.

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Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases. Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others. George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating. I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

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The FBI got back 40,300 USDT on Ethereum from a Nigerian scammer who was pretending to be a rich man and friend of Donald Trump named Steve Witkoff. The scammer tricked people by acting like someone important, but the FBI found out and recovered the stolen crypto. #Trump

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