FameEX Morning Crypto News Recap | August 21, 2024

Monthly Growth Rate of Bitcoin Whale Holdings Drops to 1%

CryptoQuant reports that Bitcoin whales have slowed their token accumulation significantly, with the 30-day change in whale holdings decreasing from 6% in February to just 1% currently. Most demand indicators currently show weakness, indicating insufficient purchasing power to drive Bitcoin's price to an all-time high.

60% of Top 25 Global Hedge Funds Reveal Their Bitcoin ETF Holdings

Bitcoin Magazine reports that 60% of the world's top 25 hedge funds have disclosed their Bitcoin ETF holdings. Notably, Millennium Management holds 27,263 BTC, adding 1,429 BTC this quarter. G.S. Asset Management has 6,202 BTC, all acquired this quarter, while Schonfeld Strategic Advisors holds 6,734 BTC.

OpenAI Introduces GPT-4 Customization for Enterprise Customers to Fine-Tune Using Company Data

OpenAI has unveiled a feature enabling corporate customers to customize the GPT-4 model with their own data. Set to launch on Tuesday, this capability, known in the AI industry as fine-tuning, allows AI models to be further trained with specific information for tailored tasks or topics, enhancing the model's utility for enterprise applications.

Global Stock Markets Rally as Investors Boost Holdings

Deutsche Bank's recent flow data indicates that investors swiftly increased their stock holdings as global markets rebounded last week. After reducing investments amid early August's market volatility, discretionary investor positioning surged, fully recovering from earlier declines and now standing well above average. This marks a rapid recovery from the sharp sell-off, according to a Deutsche Bank note on Monday.

Nigeria's SEC to Grant First Digital Services and Tokenized Asset Licenses

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

Google Permits Swiss Crypto Exchange Advertisers to Run Ads

Starting September 20, Google will allow cryptocurrency trading advertisers in Switzerland to publish ads, provided they meet the necessary requirements 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.