Last week, Norway's sovereign wealth fund has increased its indirect Bitcoin exposure to over $144 million through investments in firms like MicroStrategy, reflecting Bitcoin's growing role in diversified portfolios. Marathon Digital has invested $249 million in Bitcoin following a senior note offering, despite facing a 34% stock drop due to sector challenges. In Q2 2024, institutional interest in Bitcoin ETFs grew, with significant purchases from Goldman Sachs and others. South Korea’s National Pension Service has bought $34 million in MicroStrategy shares, while the U.S. launched its first leveraged Bitcoin ETF, MSTX. Argo Blockchain repaid a $35 million loan from Galaxy Digital, and the Bank of Ghana proposed new crypto regulations to enhance consumer protection. Meanwhile, BRICS is advancing a payment system to rival SWIFT, with 159 countries showing interest, and U.S. unemployment claims dropped to a one-month low, easing speculation about a major Federal Reserve rate cut. For more details, continue reading below.
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Highlights of the Week- Issue #58
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Last week, Norway's sovereign wealth fund has increased its indirect Bitcoin exposure to over $144 million through investments in firms like MicroStrategy, reflecting Bitcoin's growing role in diversified portfolios. Marathon Digital has invested $249 million in Bitcoin following a senior note offering, despite facing a 34% stock drop due to sector challenges. In Q2 2024, institutional interest in Bitcoin ETFs grew, with significant purchases from Goldman Sachs and others. South Korea’s National Pension Service has bought $34 million in MicroStrategy shares, while the U.S. launched its first leveraged Bitcoin ETF, MSTX. Argo Blockchain repaid a $35 million loan from Galaxy Digital, and the Bank of Ghana proposed new crypto regulations to enhance consumer protection. Meanwhile, BRICS is advancing a payment system to rival SWIFT, with 159 countries showing interest, and U.S. unemployment claims dropped to a one-month low, easing speculation about a major Federal Reserve rate cut. For more details, continue reading below.