Overview of Key Overnight Developments on August 19
21:00-7:00 Keywords: Goldman Sachs, VanEck, Tom Porcelli, Bitcoin ETF
1. The total value of Arbitrum bridge storage has surpassed 4 million ETH;
2. Goldman Sachs: Expected to cut interest rates by 25 basis points three times starting in September;
3. A total of 40 Bitcoin ETFs globally hold 1,070,594 Bitcoins;
4. Analysis: The comprehensive loss of Hong Kong virtual banks is expected to narrow to 2 billion HKD or less in 2024;
5. Economist Tom Porcelli: Even with a 100 basis point rate cut, the Fed's policy remains tight;
6. VanEck: A 20% shift of Bitcoin miners to AI and HPC could bring an annual revenue of $13.9 billion;
7. The total on-chain holdings of US Bitcoin ETFs are approximately 926,000 BTC, accounting for 4.69% of the current total supply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US real estate investment firm Cardone Capital purchases another 935 BTC
Nillion will gradually migrate to Ethereum
Nillion will gradually migrate to Ethereum
