Today’s Bitcoin and Macro News Summary
Date: April 11, 2024
Block height: 838,809
Fiat Price: $70,172
-El Salvador is issuing its first tokenized debt on Bitcoin sidechain Liquid to fund a new Hilton hotel. The $6.25M HILSV token aims to boost tourism and adoption. 🇸🇻
-Wall Street is waking up to spot #Bitcoin ETFs. SEC filings show major institutions like Park Avenue Securities and Inscription Capital scooping up shares in Q1. The herd may be coming. 🐂
-Hong Kong is set to approve 4 spot Bitcoin ETFs by April 15, positioning itself as a leader in TradFi BTC adoption. 🇭🇰 Looks like we are going to have near 24-7 ETF inflows.
-In Clown World, Biden's student loan debt relief will cost taxpayers an extra $84 billion. Money printer go brrr! 🤡💸
-Grayscale Bitcoin Trust (GBTC) sees record low outflows of just $17.5M, a 90% decrease from the previous day. Is the selling pressure finally subsiding? 🤔
https://cointelegraph.com/news/bitcoin-rebound-after-cpi-data-grayscale-outflows-record-low
-Ordinals inscriptions are ramping up ahead of the halving, driving Bitcoin transaction fees to 10-month highs. 🤮
-Ghostface Killah of Wu-Tang Clan fame is airdropping 10k music-infused #Bitcoin Ordinals. Protect ya neck and grab that whitelist spot! 🐝 Sorry. My affinity for Wu-Tang and distaste for ordinals are confusing me.
https://cointelegraph.com/magazine/ghostface-killah-ordinals-women-weapons-violent-nft-collector/
-The Botanix team is building an EVM-compatible layer-2 on Bitcoin, aiming to combine BTC's sound money properties with Ethereum's tech capabilities? 🤯
-Grayscale research suggests persistent inflation will drive continued demand for Bitcoin as a store of value, even if rising rates cause short-term volatility. 📊
https://cointelegraph.com/news/bitcoin-demand-grayscale-research-inflation-interest-rates-united-states
-Paraguay pauses proposed Bitcoin mining ban bill, considers selling excess hydroelectric power to miners instead. Another nation waking up to the benefits of Bitcoin mining! ⚡
https://cointelegraph.com/news/paraguay-pauses-progress-bitcoin-mining-ban-bill
-And finally, the "Bitcoin Sign Guy" who photobombed Janet Yellen in 2017 is auctioning his famous "Buy Bitcoin" sign. You can own a piece of Bitcoin history! 📜
Bitfinex Securities Introduces El Salvador’s First Tokenized Debt to Fund New Hilton Hotel
The token will be issued on the Liquid Network, a bitcoin sidechain.
Bitcoin Magazine
Wall Street Is Buying US Spot Bitcoin ETFs: 13F SEC Fillings
Major Wall Street institutions like Park Avenue Securities and Inscription Capital bought into spot bitcoin ETFs in Q1 according to just-released S...
TFTC – Truth for the Commoner
Hong Kong Set to Approve Four Spot Bitcoin ETFs on April 15
Hong Kong's approval of four spot Bitcoin ETFs marks a pivotal move in embracing Bitcoin.
TFTC – Truth for the Commoner
Biden's Student Loan Debt Relief Proposal Estimated to Cost $84 Billion
A Penn Wharton Budget Model reveals the cost of Biden's new student loan cancellation plan.
CryptoPotato
Ordinals Activity Ramps Up Before Halving — Alongside Bitcoin Fees
Bitcoin transaction fees are on the rise again, and are expected to go higher once “Runes” goes live next week.
Willem Schroé: Building Botanix, a Bitcoin Layer 2 That Brings the EVM to Bitcoin
A Belgian polymath and his team are building a “spiderchain” network that harnesses both bitcoin’s sound money properties and Ethereum’s te...