FameEX Morning Crypto News Recap | August 21, 2024

Bitcoin Whale Holdings' Monthly Growth Rate Decreases to 1%

CryptoQuant reveals that Bitcoin whales have significantly slowed their token accumulation, with the 30-day change in whale holdings declining from 6% in February to just 1% recently. Current demand indicators show weakness, suggesting that there is not enough purchasing power to push Bitcoin's price to a new all-time high.

60% of the World's Top 25 Hedge Funds Disclose Bitcoin ETF Holdings

Bitcoin Magazine reveals that 60% of the top 25 global hedge funds have disclosed their Bitcoin ETF holdings. Millennium Management notably holds 27,263 BTC, having added 1,429 BTC this quarter. G.S. Asset Management possesses 6,202 BTC, all acquired recently, and Schonfeld Strategic Advisors maintains a stake of 6,734 BTC.

OpenAI Launches Customization Feature for GPT-4, Enabling Enterprise Customers to Tailor Model with Company Data

OpenAI has introduced a new feature that allows corporate customers to fine-tune the GPT-4 model using their own data. Launching on Tuesday, this customization option enables AI models to be trained on specific information for tailored tasks or topics, significantly enhancing their utility for enterprise applications.

Global Stock Markets Surge as Investors Rapidly Expand Holdings

Deutsche Bank's flow data shows that investors quickly boosted their stock holdings as global markets rebounded last week. After cutting investments during early August's volatility, discretionary investor positioning surged, fully recovering previous declines and now standing well above average. This reflects a rapid recovery from the recent sharp sell-off, according to a Deutsche Bank note on Monday.

Nigeria’s SEC to Issue Initial Digital Services and Tokenized Asset Licenses

Nigeria’s SEC plans to issue its first digital services and tokenized asset licenses this month, says Director General Emomotimi Agama. Meanwhile, the country’s tax regulator is set to introduce a cryptocurrency bill in September.

Google Approves Ads for Swiss Crypto Exchange Advertisers

Beginning September 20, Google will permit cryptocurrency trading advertisers in Switzerland to publish ads, as long as they meet the required criteria and obtain Google certification.

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