On August 30th, various noteworthy crypto tweets captured the industry’s pulse:
- Bitcoin’s exchange supply witnessed a notable surge just prior to Grayscale’s legal victory.
- DCG (Digital Currency Group) stated that it has secured a preliminary agreement on its debt.
- The approval of ETFs could unlock opportunities for everyday investors to access Bitcoin.
- The accumulation of Bitcoin represents a significant portion of total global wealth.
- Bitcoin’s fear and greed index currently stands at 49, indicating a neutral sentiment.
- Art NFTs have emerged as the most successful sector within the ETH NFT landscape since 2022.
- The potential conversion of GBTC into a Bitcoin ETF is anticipated to drive substantial adoption.
- Growth momentum has waned for Friend.tech.
- GBTC continues its trajectory of narrowing down.
- Traditional players in the finance sector are progressively entering the crypto arena.
- More than 92 million Worldcoin tokens are slated for unlocking.
- OpenAI has experienced an impressive 37x growth in revenue.
- Speculation arises that certain prominent crypto holders may have anticipated the outcome of the Grayscale and SEC lawsuit.
- Despite controversies, Huobi’s trade volume has registered a noticeable upswing.
- Riot’s infrastructure-centric strategy paves the way for significant hashrate expansion.
- Senator Cynthia Lummis asserts that Bitcoin will endure the test of time, citing its resilience and lasting value.
- Bitcoin’s exchange supply witnessed a notable surge just prior to Grayscale’s legal victory.
📈 The exchange supply of #Bitcoin was boosted significantly just prior to #Grayscale's win over the #SEC. It looks quite clear that the powers that be knew of the inevitable boost in #crypto market capitalization as a result of this outcome. https://t.co/ARsnt7vsRM https://t.co/jFFPwk1CHD
— Santiment (@santimentfeed) August 29, 2023
- DCG (Digital Currency Group) stated that it has secured a preliminary agreement on its debt.
Interesting!
DCG claims to have reached an in principle agreement on their debt.
Could be a big win for Barry; and I assume this includes the Gemini debts.
Will be interesting to see details and hear how the Winkilvii interpret the deal on their end. https://t.co/7ibJQkwWIY
— Adam Cochran (adamscochran.eth) (@adamscochran) August 29, 2023
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: “ETF approval could open the floodgates and allow the everyday investor get #bitcoin in their brokerage accounts”
— Documenting ₿itcoin 📄 (@DocumentingBTC) August 29, 2023
- The accumulation of Bitcoin represents a significant portion of total global wealth.
https://twitter.com/w_s_bitcoin/status/1696819473150357531?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1696819473150357531%7Ctwgr%5Eba965ba3997f6eeb09f4f99d8557fed49818d190%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Ftop-crypto-tweets-of-the-day-august-30th%2F
- Bitcoin’s fear and greed index currently stands at 49, indicating a neutral sentiment.
Bitcoin Fear and Greed Index is 49 — Neutral
Current price: $27,440 pic.twitter.com/pyfYOEuXSq— Bitcoin Fear and Greed Index (@BitcoinFear) August 30, 2023
- Art NFTs have emerged as the most successful sector within the ETH NFT landscape since 2022.
Since January 2022, art NFTs have been the best-performing ETH NFT sector
They've done better than every other type of NFT, including Blue Chips and Metaverse NFTs, remember them?
But they're down against the dollar…
Let's take a look at how down each NFT sector is… pic.twitter.com/ZcZUI2EXDw
— Nansen 🧭 (@nansen_ai) August 29, 2023
- The potential conversion of GBTC into a Bitcoin ETF is anticipated to drive substantial adoption.
BLOOMBERG: #Bitcoin ETF conversion of GBTC could draw "massive adoption" from financial advisors and retail investors.
yes 🤝 pic.twitter.com/ZYUdZEd7tK
— Bitcoin Archive (@BTC_Archive) August 29, 2023
- Growth momentum has waned for Friend.tech.
.@friendtech adoption pic.twitter.com/3vgnkxzksf
— DeFi Made Here (@DeFi_Made_Here) August 30, 2023
- GBTC continues its trajectory of narrowing down.
The GBTC discount has been closing in for the entirety of 2023.
GBTC currently trades at an 18% discount to NAV (net asset value), up from a 48% discount to NAV late last year. pic.twitter.com/qjhGtyZgPW
— Will (@WClementeIII) August 30, 2023
- Traditional players in the finance sector are progressively entering the crypto arena.
Traditional Finance players going balls deep in the Bitcoin and crypto game. Bitcoin ETFs coming. Paypal & X will both on board 400 million people. Mercado Libre is about to onboard 200 million.
And yet most people are still ignoring crypto. Most will only buy high and sell low.
— Lark Davis (@TheCryptoLark) August 30, 2023
- More than 92 million Worldcoin tokens are slated for unlocking.
92,609,489 @worldcoin tokens, representing 14.75% of the current unlocked WLD supply, will be unlocked during the month of September.
~Messari Intel pic.twitter.com/4CnXV8c1Sd
— Messari (@MessariCrypto) August 30, 2023
- OpenAI has experienced an impressive 37x growth in revenue.
OpenAI's revenue growth is insane 🤯
(h/t @BayAreaTimes) pic.twitter.com/VR8FmyhNR2
— Pomp 🌪 (@APompliano) August 30, 2023
- Speculation arises that certain prominent crypto holders may have anticipated the outcome of the Grayscale and SEC lawsuit.
🐳 Whales & sharks may have known a thing or two about the outcome of the #Grayscale and #SEC lawsuit, with 10-10K $BTC wallets accumulating a collective $388.3M in $BTC the day leading up to the news. They were handsomely rewarded with a +6% price jump. https://t.co/j28CwVYKS6 pic.twitter.com/cx5rRuS6IV
— Santiment (@santimentfeed) August 30, 2023
- Despite controversies, Huobi’s trade volume has registered a noticeable upswing.
🤔📈Despite rumors of insolvency and executive detentions sparking significant outflows at the beginning of August, Huobi's trade volume has shown a significant increase over the past few months. 📈💼 pic.twitter.com/LGssPPROA4
— Kaiko (@KaikoData) August 30, 2023
- Riot’s infrastructure-centric strategy paves the way for significant hashrate expansion.
If Riot fully utilized its 700 MW in Rockdale and its upcoming 1 GW in Corsicana for self-mining at 22 J/TH, the company would achieve a self-mining hashrate at 69.5 EH/s.
Riot's infrastructure-first approach yields a massive room for hashrate growth. pic.twitter.com/KMVJFyFyCy
— Jaran Mellerud 🟧⛏️ (@JMellerud) August 30, 2023
- Senator Cynthia Lummis asserts that Bitcoin will endure the test of time, citing its resilience and lasting value.
“#Bitcoin will stand the test of time,” explains Senator Cynthia Lummis to a crowd of her fellow legislators in Washington DC. pic.twitter.com/ii1cTUN8FV
— Documenting ₿itcoin 📄 (@DocumentingBTC) August 28, 2023
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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