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  • 🦉 Wall St Investors Buy Bitcoin ETFs

🦉 Wall St Investors Buy Bitcoin ETFs

Upcoming Pi Mainnet Launch, The Start of a Renaissance in Digital Art, Dogpool, and more!

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Traci Smith & Mike Cullison
August 16, 2024

GM 🦉 Happy Friday! Let’s get into all things crypto! 👍

In Today’s Crypto World:

  • Big Wall Street Investors Bought Into Bitcoin ETFs in Q2 💼

  • Upcoming Pi Mainnet Launch 🚀

  • The Start of a Renaissance in Digital Art 👾

  • Gainers & Newbies 👀

  • Dogpool 🐶

  • Miner Revenue (Fees vs Rewards) 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Big Wall Street Investors Bought Into Bitcoin ETFs in Q2

Goldman Sachs, Morgan Stanley and hedge funds like Renaissance Technologies loaded up on spot bitcoin ETFs in the second quarter.

finance.yahoo.com

Upcoming Pi Mainnet Launch: Check Speculative Pi Coin Price

Discover the speculated Pi Coin price after the Pi mainnet launch in 2024 driven by the wider participation and Phase-3 launch that shows bullish indication.

www.cryptotimes.io

‘No matter how bad it gets, there’s a lot going on with NFTs’: 24 Hours of Art, NFT Creator

“There's a sense of inevitability” that NFTs are the start of a renaissance in digital art, says 24 Hours of Art’s RD: NFT Collector.

cointelegraph.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
DOGPOOL 🐶

CHART OF THE DAY
MINER REVENUE (FEES VS REWARDS) 🔬

Bitcoin miners currently generate revenue from two sources:

  1. Transaction fees

  2. Mining rewards

Fees are earned when a miner successfully validates a block. The miner earns all the transaction fees from the transactions in that block.

This chart shows the percentage of total revenue that miners earn from transaction fees and the percentage earned from mining rewards.

As the amount of bitcoin entering the network decreases with each halving event, fees will potentially play an increasingly important role for bitcoin miners over time. This is because with each halving event, miners will have their mining rewards reduced.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS ELROND? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS HBAR? 💡

Hedera Hashgraph (HBAR) is the native cryptocurrency of the Hedera network, known for its unique consensus mechanism and enterprise-grade performance. Key points include:

  1. Speed and Efficiency: HBAR offers fast transaction speeds and low fees, thanks to its innovative hashgraph consensus, making it ideal for real-time applications.

  2. Security: The network provides robust security through asynchronous Byzantine Fault Tolerance (aBFT), ensuring high resistance to attacks.

  3. Scalability: HBAR can process thousands of transactions per second, making it highly scalable for large-scale applications.

  4. Sustainability: Hedera is energy-efficient, providing a sustainable blockchain solution.

These features make HBAR a powerful and scalable solution for enterprises and developers looking for speed, security, and sustainability.

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILYMEMES 🤣

Brought To You By: DailyGainsCrypto.com

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/202406/12/