Spot #Bitcoin ETFs have faced significant turmoil due to a persistent streak of outflows, continuing for seven days, with no new inflows throughout the week. This has heightened uncertainty in the Bitcoin community, especially as today's Bitcoin's price has dropped to $54,550, by 10:45am EST marking about a 5% decline over the past week and losing support around the $60,000 level. Major ETF providers like Grayscale, BlackRock, and Fidelity have reported substantial outflows, totaling $211 million on September 5, reflecting growing bearish sentiment among institutional investors. Despite Bitcoin spot ETFs having a total net asset value of about $50 billion since their inception in January, recent stagnation and negative market sentiment have contributed to increased volatility. Additionally, $39.53 million in Bitcoin liquidations over the past 24 hours, primarily from long positions, underscores the challenging market conditions and the dim outlook for a trend reversal in the near term.

A Manassas, Virginia judge upheld the decision to keep Naresh Bhatt in custody, continuing the investigation into his missing wife, #Mamta. The judge agreed with prosecutors that Bhatt, detained on Thursday, is a flight risk and a community threat based on courtroom evidence.

Sometimes #NEWS are biased. Sometimes they carry propaganda. Sometimes they invoke things difficult to fathom. Hope we do our due diligence in seeking and seeing what's right and wrong. And we hope, media are unbiased. We hope NEWS are neutral. That's a good direction to human civilization as we're heading towards futuristic future not towards the barbarism, back to stone-age. Community note: The story below is not what we favor nor what we oppose.

Apply for the #US Congressional App Challenge! The Congressional App Challenge is a prestigious, nationwide STEM competition hosted by Members of the U.S. House of Representatives. High school and middle school students from all over NY-14 submit their computer applications aimed to solve a community issue or a problem, and our panel of judges will select the winning entry. The winning team will be invited to the annual House of Code event– a fantastic opportunity to meet other winning teams, Members of Congress, and industry leaders. The Challenge is now open, and students have until October 24th, 2024 to submit their applications. More information about the rules and where to register can be found here: https://www.congressionalappchallenge.us/students/student-registration/

After #Bitcoin halving event triggered rewards cut by half: The miners community collected more than $100 million in revenue for the halving on April 20, the highest total ever recorded in a single day. But now miners face a drop in mining rewards that could reshape the industry. Yet to see if post-halving rally awaits and the rewards increase along with the price of Bitcoin.