BTC ETF Inflows Surge, Trump Eyes DeFi, Tether Faces Transparency Scrutiny: News of September 13, 2024
🔵 On September 12, spot BTC-ETFs saw a net inflow of +$39 million, marking a recovery from the -$43.9 million outflow in the previous trading session. At the same time, spot ETH-ETFs recorded a net outflow of -$20.1 million, compared to -$0.5 million earlier, according to data from Farside.
🔵 Consumers Research continues to pressure Tether, the issuer of USDT, accusing the company of a lack of transparency regarding its USD reserves and failure to provide audits from a recognized firm.
🔵 Today, Deribit will see the expiration of BTC and ETH options totaling $1.34 billion.
🔵 Santiment analysis report that after the most recent halving, miners sold off significant amounts of BTC, a trend historically seen as a precursor to market bottoms.
🔵 $SUNDOG just had a $2M degen buy and the chart looks like this
This upward trend is significant for a possible rally. The trader Kaleo said: “The last time I saw similar activity on a major meme token was just before $WIF broke out of its base range. Given the current setup, I wouldn’t be surprised if Justin pushes this to a $1B+ market cap to draw more attention to TRX and boost its visibility in the space.
Currently, the market cap sits at just $345M”
$SUNDOG just had a $2M degen buy and the chart looks like this.
— K A L E O (@CryptoKaleo) September 12, 2024
Last time I remember something like this happening on a major meme was before $WIF started to really send out of its base range. Wouldn't be surprised if Justin sends this to $1B+ to bring more attention to TRX for… pic.twitter.com/zIdGvfipXv
🔵 Bullish sentiment on BTC among market participants has reached its highest point in the past year, according to Santiment data.
🔵 Trump plans to launch the DeFi project "World Liberty Financial" on September 16, as per his statement.
🔵 Chainlink announced a partnership with Soneium, a subsidiary of SONY.