Top crypto tweets of the day – August 29th

Cryptocurrency prices rose across the board on the back of the greyscale win, with Bitcoin up nearly 6%. Short-term options IV started to rise rapidly, with BTC weekly options IV rising to 50%. Buy calls began to be traded in large quantities, especially ETH chasing a very large…

— Wu Blockchain (@WuBlockchain) August 29, 2023

BREAKING: There it is, @Grayscale wins their lawsuit against the SEC. DC Circuit court of appeals is vacating SEC's denial of $GBTC's conversion into an ETF. pic.twitter.com/gqFvMpmfnm

— James Seyffart (@JSeyff) August 29, 2023

#Bitcoin is pumping after Grayscale defeated SEC in court, paving the way for the first Spot Bitcoin ETF in the USA. ??? pic.twitter.com/B7bncjt7u6

— Bitcoin Archive (@BTC_Archive) August 29, 2023

Possible Big Week in the Making

Potential Grayscale v SEC decision today/Friday, if the ETF experts are to be believed

Along with initial rulings on 5 spot ETFs due Friday
-Bitwise, BlackRock, VanEck, WisdomTree and Invesco

inb4 everything delayed pic.twitter.com/wCkoH2lIzr

— db (@tier10k) August 29, 2023

Digital asset investment products saw outflows totalling US$168m, the largest outflow since the US regulatory crackdown of exchanges in March 2023. The outflows were spread across most geographies, highlighting the negative sentiment is broad-based. Read more…

— Wu Blockchain (@WuBlockchain) August 29, 2023

JUST IN: ?? X (Twitter) obtains license required for crypto payments and trading.

— Watcher.Guru (@WatcherGuru) August 29, 2023

#BTC dominance bouncing off its bull market support band. pic.twitter.com/YJ51bgpx2g

— Benjamin Cowen (@intocryptoverse) August 29, 2023

JUST IN: #Bitcoin rises to $27,400 after Grayscale wins lawsuit against SEC. pic.twitter.com/NcTKRjZ0Ip

— Watcher.Guru (@WatcherGuru) August 29, 2023

There is more buying volume on $BTC in the past hour than there was selling volume on the entire move down from $29,000 to $25,000.

— The Wolf Of All Streets (@scottmelker) August 29, 2023

Grayscale just officially won their lawsuit against the SEC, allowing them to convert their futures #Bitcoin ETF into a spot ETF.

The odds of other $BTC spot ETF approvals have now also significantly increased.

This changes everything. Time to pay attention again.. ? pic.twitter.com/ggdhBKi4Yh

— Miles Deutscher (@milesdeutscher) August 29, 2023

? RUMOUR ?

Dead Russian billionaire Yevgeny
Prigozhin rumored as 5th largest
Bitcoin holder, with 94,643 BTC
in the wallet worth $2.46 billion

In 2022 sanctions, Russia experienced
restraining cross-border transactions.

Russians used crypto as an alternative. pic.twitter.com/qGxyXmAZGm

— Ash Crypto (@Ashcryptoreal) August 29, 2023

#Bitcoin is front page news today. pic.twitter.com/iUHdPBiyxp

— Documenting ₿itcoin ? (@DocumentingBTC) August 29, 2023

Ghost-town

Either this space is dead or currently presents a massive opportunity for those who have stuck around and preserved capital pic.twitter.com/e0Fm6y0ICj

— Will Clemente (@WClementeIII) August 28, 2023

$GBTC becoming a spot ETF is actually bearish for #Bitcoin. Traders can buy GBTC now and sell or short #BTC. Once GBTC becomes an ETF, the discount to NAV goes away. Shareholders could then redeem, forcing GBTC to sell BTC into the market, vastly increasing the tradable supply.

— Peter Schiff (@PeterSchiff) August 29, 2023

??Despite last week's market dip, PEPE's liquidity remained steady.

?There are $300k more bids than asks within 0.5% of the mid price, showcasing stability. pic.twitter.com/p5Djrylu38

— Kaiko (@KaikoData) August 29, 2023