Standard Chartered raised its forecast for the growth of Bitcoin

G. Washington dollar bill with metal Bitcoin BTC coin

For the past three weeks, there has been an increase in investments in crypto funds.

The Binance.US exchange is offering Bitcoin at a discounted rate of more than $2,000.

Robert Kennedy Jr., a US presidential candidate, has put in a maximum of $250,000 into Bitcoin (BTC).

Standard Chartered is predicting that Bitcoin could reach a value of $50,000 this year.

Approximately $455,000 was taken from Arcadia Finance's DeFi protocol by hackers.

Last week, CoinShares reported an increase of $136 million in investments to crypto funds. This marks the third consecutive week of inflows. Of this total, $133 million was invested in Bitcoin and $3 million in Ethereum. Interestingly, investments in funds that allow for shorting Bitcoin decreased by $2 million.

CoinShares reported that the inflow of funds over the past three weeks totaled $470 million, which completely offset the outflow of the previous 9 weeks. However, trading volumes dropped to $1 billion in a week, compared to the average of $2.5 billion in the two weeks prior.

Standard Chartered predicts that Bitcoin could reach $50,000 this year and could rise to $120,000 by 2024. According to analyst Jeff Kendrick, this is due to the increasing yield of miners per BTC mined, which allows them to sell less while still keeping cash flowing, thus reducing the net supply of the asset and leading to higher prices.

.The Securities and Exchange Commission (SEC) has charged Coinbase, a cryptocurrency exchange, with intentionally breaking securities laws. In the coming days, the court will evaluate the evidence presented by both sides and decide whether to proceed with the case. Since the SEC's lawsuit was filed in early June, Coinbase's stock has increased by more than 50%.

According to CNBC, Robert Kennedy Jr., a US presidential candidate, has invested an amount between $100,000 and $250,000 in bitcoin, as revealed by a financial report.

PeckShieldAlert reported that hackers were able to steal approximately $455,000 from Arcadia Finance's DeFi protocol by exploiting a vulnerability in the code. Experts have attributed this exploit to the "lack of reliable input validation," indicating that the code was not adequately protected.

According to a report by venture capital company Electric Capital, the number of developers in the cryptocurrency field has nearly doubled in the span of three years.

On the Binance.US exchange, Bitcoin is being traded at a discount of more than $2,000. This is due to the fact that the day before, Binance.US users were unable to deposit dollars, leading to a surge in sales from those who wanted to withdraw their funds in fiat currency.