The fund saw its holdings jump from $5 billion to $10 billion in just 10 days amid increasing institutional adoption of Ethereum.
Tether CEO Paolo Ardoino said the stablecoin issuer is "well underway" to do business in the U.S. in an interview with Bloomberg Television.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Tuesday! Here’s what you need to know in crypto today. Traditional finance is moving deeper into digital assets. JPMorgan is reportedly exploring crypto-backed loans, Western Union may integrate stablecoins, and PNC Bank has partnered with Coinbase to offer crypto access to clients — while […]
PNC partners with Coinbase to offer clients crypto trading and custody as more banks dip toes in the digital asset economy.
The bank has already taken preliminary steps into the crypto sector, including plans to offer loans against crypto ETFs, according to FT.
Western Union CEO Devin McGranahan told Bloomberg that it is exploring ways to offer on-ramp and off-ramp stablecoin services.
Ark Invest sold 218,986 Coinbase shares on Monday, one trading day after Coinbase hit its all-time high of above $437.
Schwab clients are already major holders of crypto ETFs and are looking to bring their assets held by "crypto natives" to the firm.
Non-bearer tokenized bank deposits settle at face value between accounts, unlike stablecoins, which can trade below par, JPMorgan said.
The move comes after Ethereum ETF notched their highest daily net inflow on Wednesday, led by $499 million into BlackRock's ETHA.
Strategy is the largest corporate holder of bitcoin, holding 601,550 BTC (valued at over $73 billion) as of July 14.
The Smarter Web Company has purchased another 325 BTC for approximately $36.45 million at an average price of $112,157 per bitcoin.
Ark Invest's investment strategy involves letting no individual holding take up more than 10% of a fund's portfolio.
PYUSD is going live on Arbitrum, according to an updated version of PayPal's cryptocurrency terms and conditions page.
Citigroup's announcement follows JPMorgan's earlier disclosure of its plans to involve itself with stablecoins.
Standard Chartered says a $750 billion stablecoin market size could influence Treasury issuance and emerging market stability.
Susquehanna Crypto also joined the round, backing Two Prime as it scales its crypto-native institutional offerings.
If pro-crypto legislation passes through Congress over the coming days, "crypto will never be the same" again, Hougan said.
The bank's Global Head of Digital Assets Research, Geoffrey Kendrick, recently predicted that bitcoin would reach $135,000 by the end of Q3.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Vanguard, a $10 trillion money manager, has through its funds become the largest shareholder in Bitcoin stockpiler Strategy.
Grayscale has quietly filed for an IPO, seeking a listing on U.S. public markets amid a growing wave of filings from crypto companies.
The analysts also see growth in Ethereum and Solana reinforcing their investment case as the cycle broadens beyond bitcoin.
Global crypto investment products added another $3.7 billion to a net inflow streak that has now reached 13 consecutive weeks.
Bitcoin has repeatedly hit new all-time highs over the past week and is currently trading at $120,754 at the time of writing.
Circle's blockbuster IPO last month has brought crypto listings back into the spotlight, but the bigger question is what comes next.
Animoca's Yat Siu will also join DDC's Bitcoin Visionary Council to offer input on the Asian food giant's bitcoin treasury strategy.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Upexi expects to have 1.65 million SOL, worth around $273 million at current prices, upon closing its convertible note offering around July 16.