The Week in Bitcoin / Crypto - Last Week / This Week

Last Week

👇1-14) 13F filing shows that Hedge Funds cut their Bitcoin Spot ETF stakes from Q1 to Q2 while long-only investors bought. Millennium, the Largest Hedge Fund, cut its exposure from $2bn to $1.1bn. RIAs such as Goldman Sachs ($418m) and Morgan Stanley ($187m) also disclosed exposure.

👇2-14) 13 filings: Many government/pension fund-related funds disclosed MicroStrategy holdings (Norges Bank, Swiss National Bank, Mitsui Sumitomo, National Pension Service of Korea, Fred Alger, Florida Retirement).

👇3-14) US CPI dropped to 2.9% while Jobless Claims came in lower, providing better macro data for risk assets.

👇4-14) Marathon Digital raised $250m (upsized to $300m) to purchase more BTC (2031 convertible note, 2.13% yield).

👇5-14) Celsius sues Tether, demanding $2.4bn worth of BTC.

👇6-14) US government transfers 10k BTC to Coinbase.

👇7-14) EigenLayer TVL reaches $12.9bn (+11% WoW)

👇8-14) BTC mining less profitable in July than in June

👇9-14) Circle says tap-to-pay on iPhone using USDC coming soon

👇10-14) Jump sold another $46m of stakes ETH

👇11-14) Coinbase launches wrapped BTC competitor

This Week

👇12-14) US Democratic National Convention (Aug 17-22)

👇13-14) Unlock Tuesday (Aug 20) AVAX $195m

👇14-14) Fed Chair Powell Jackson Hole Speech at 10:00 ET (15:00 GMT on Friday, Aug 23 – likely about positive eco growth; OMC minutes (Aug 21, Wednesday)

Calendar 18)