The deal was led by Kingsway Capital and includes over 110 investors, including Blockchain.com and Ribbit Capital.
Bitcoin-based funds led the outflows with $404 million, while Ethereum investment products continued their 15-week inflow streak.
The Tokyo-listed firm disclosed Monday its latest purchase of 463 BTC for $53.7 million, bringing its total holdings to 17,595 BTC.
Ark Invest bought the dip in Coinbase and BitMine shares, adding to its position in the leading U.S. exchange and ETH treasury company.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
However, crypto ETNs will not be covered by the Financial Services Compensation Scheme, and the retail ban on crypto derivatives remains.
Aggregated Solana CME futures trading volume came in at $8.1 billion in July, while open interest average for the month topped $400 million.
The combined ETFs now hold approximately 5.7 million ETH on behalf of their clients — 4.7% of ether's 120.7 million circulating supply.
TradFi apologists can't imagine what a crypto-based financial system can offer, according to Bitwise CIO Matt Hougan.
The Department of Justice has reversed course on its Friday statement that it was considering charges against Dragonfly over the firm's early investment in Tornado Cash.
Ethereum treasury firms have bought 1.26 million ETH since June and could grow their holdings tenfold, according to Standard Chartered.
Ark Invest sold $15 million worth of Block Inc. shares, $12.7 million in Robinhood, and $6.9 million in Coinbase on Monday.
The firm rebranded and adopted the Nasdaq ticker TRON on July 17, with Tron founder Justin Sun ringing the Nasdaq’s morning bell last week.
The upsized PIPE offering has the potential to deliver up to $1.25 billion of gross proceeds for CEA Industries and 10X Capital.
The Tokyo-listed firm's latest purchase brought its total holdings to 17,132 BTC, worth roughly $2 billion based on current market prices.
Crypto inflows are up nearly 50% since May and are on track to comfortably surpass last year’s record total, JPMorgan analysts said.
The fund saw its holdings jump from $5 billion to $10 billion in just 10 days amid increasing institutional adoption of Ethereum.
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 […]
Non-bearer tokenized bank deposits settle at face value between accounts, unlike stablecoins, which can trade below par, JPMorgan said.
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.
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 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.
Global crypto investment products added another $3.7 billion to a net inflow streak that has now reached 13 consecutive weeks.
Circle's blockbuster IPO last month has brought crypto listings back into the spotlight, but the bigger question is what comes next.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.