Let’s check out the most important news and trends on the crypto market in August.
zondacrypto Team
3 septiembre 2023
3 febrero 2024
Grayscale’s ETF Win Against SEC
Grayscale, the company behind one of the largest Bitcoin funds in the world, the Grayscale Bitcoin Trust (GBTC) managed to win a major court case against the US Securities and Exchange Comission (SEC) regarding their Bitcoin ETF application. The court has made a ruling that the SEC wrongly rejected Grayscale’s Bitcoin ETF application and that they should consider the application once more. This ruling paves the way for the potential approval of Bitcoin ETFs in the US. In case Bitcoin ETFs get approved, major financial institutions with billions of USD worth of managed funds will gain exposure to Bitcoin.
Massive Token Unlocks in August
August saw some of the largest crypto token unlocks on the market in 2023. These token unlocks carry major potential investment opportunities. The Sandbox is unlocking 17% of its supply, while the Sui blockchain is unlocking 5% of the total supply. Also, dYdX and Ape Coin are unlocking around 4% of their supplies.
The Litecoin Halving
One of the most important crypto events in August was the Litecoin halving. Litecoin is one of the top 20 global cryptocurrencies, and it’s popular for online and retail crypto payments. The latest Litecoin halving effectively cut LTC mining rewards by half, which makes mining Litecoin more difficult, and the supply of LTC will subsequently become more scarce over time. The main upside is that halving events for cryptos like Litecoin and Bitcoin have historically been precursors of high potential price gains. It will be interesting to see whether history will repeat itself.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Today, we would like to talk about blockchain operations from the side of the protocols. Their collaboration aims to come as close as possible to solving the blockchain trilemma. Find out how this interconnected system works!
Finanza Digitale: Cryptocurrency platform zondacrypto selects Giorgio Chiellini as brand ambassador
Italian Digital Finance describes zondacrypto as a well-known online cryptocurrency trading platform that has become a sponsor of Juventus and the Giro d'Italia, with Giorgio Chiellini as its ambassador.
Sport marketing: Our partnership with Juventus and Raków is just the beginning
In an interview with Sport Marketing, we talk about how zondacrypto brings the worlds of sport and finance together. We also reveal what our growth plans are for the coming year.
Telewizja Biznesowa: What will the cryptocurrency law change?
We encourage you to watch and listen to a discussion about the new cryptocurrency law in Poland, during which our CEO, Przemysław Kral, provides insight into the current market situation.
Sport marketing: Polish company will be visible in the Champions League
The partnership with Juventus football club has been a success for zondacrypto, a cryptocurrency exchange licensed in Italy. The Italian market has become the second most important market in Europe for the company. zondacrypto plans to invest further in sports sponsorship, including women's sports.
wprost biznes: Cooperation of leaders from different industries
The cryptocurrency exchange zondacrypto has partnered with the Giro d'Italia to promote its services and educate about cryptocurrencies. The company plans further activities in the sport and as well as developing its products, including releasing a new mobile app.
wprost: In the special feature on the Giro d'Italia, an interview with the race partner – zondacrypto
In a special feature in the 'wprost' newspaper, we share our heartfelt commitment to cycling and the exhilarating atmosphere of cheering at the Giro d'Italia. zondacrypto's CEO Przemyslaw Kral talks about the merging of the worlds of sport and cycling and a special competition for race fans.
wprost sport: A collaboration at the crossroads of finance and football. zondacrypto and Juventus FC
We are investing in the sports market. Our new partnership with Juventus FC marks a significant milestone in the global growth of our exchange. For more details, see the ‘wprost sport’ interview with Przemysław Kral, CEO of the company.
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