FameEX Morning Crypto News Recap | February 18, 2024

Peter Brandt Issues Caution About Relying on SEC Chair Gary Gensler, Citing His Track Record of Failing to Safeguard Investors

Veteran trader Peter Brandt cautions against trusting SEC Chairman Gary Gensler, highlighting his history of neglecting investor interests. Brandt accuses Gensler of contributing to the bankruptcy of a major company and playing a pivotal role in another's bankruptcy, resulting in a $100 million loss for customers.

Bitcoin ETFs See Surge, Accumulating 264,232 BTC Valued at $13.5 Billion in Five Weeks, with Blackrock's IBIT at the Forefront

Over the past 37 days, nine new spot bitcoin ETFs have swiftly gathered 264,232.74 bitcoins, valued at $13.5 billion. Blackrock's IBIT ETF leads, holding 43% of this total with 115,989.80 bitcoins. This surge underscores the growing investor interest and market confidence in bitcoin ETFs.

Global Interest Ignites Over Bitcoin Halving in April 2024, According to Data

A study using Google Trends data shows subdued curiosity for "bitcoin" despite its price surpassing $50K. However, excitement for the April 2024 reward halving, which will cut new bitcoin creation by 50%, has reached a 90-day high. This upcoming event is generating significant global interest, highlighting its impact on the cryptocurrency's future availability and market dynamics.

US Energy Information Administration Begins Mandating Cryptocurrency Miners to Report Energy Usage

The U.S. Energy Information Administration (EIA) is demanding energy consumption and site configuration data from cryptocurrency miners, with a deadline set for February 23 to report January's activities. This move highlights the agency's effort to assess the energy impact of cryptocurrency mining operations.

Microstrategy's Bitcoin Holdings Soar, Approaching a $10 Billion Valuation

Microstrategy, listed on Nasdaq, holds 190,000 bitcoins, purchased for $5.96 billion. The value of these holdings has now risen to $9.88 billion, reflecting a 66% increase in the company's bitcoin investment. This growth is notable, especially considering the performance of the firm's portfolio just eight months prior.

Mexican Billionaire Lists Four Critical Reasons for Investing in Bitcoin, Emphasizes the Importance of Investment Knowledge

Ricardo Salinas, a Mexican billionaire, advocates for bitcoin investment, citing its potential for growth, diversification, and protection against inflation and devaluation. He emphasizes the importance of informed investing, patience, and emotional resilience during market fluctuations, advising against hasty decisions based on short-term price movements.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.