Digital asset investment products experienced consecutive inflows this month, with $1.44 billion recorded last week, per CoinShares‘ latest weekly fund flow report. This recent inflow raised the year-to-date total to a record $17.8 billion, surpassing the $10.6 billion inflows of 2021. However, trading volumes stayed low at around $8.9 billion, compared to the seven-day average […]
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Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.
Expect ETH’s spot price to be more responsive to ETF inflows than BTC’s, says crypto investment manager Tom Dunleavy.
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.
Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale mining operations. This collaboration is part of an ongoing effort to decentralize Bitcoin mining hardware and foster innovation in the mining ecosystem. […]
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Industry figures disagree on whether GameFi is having a good year as other aspects of Web3 hog the spotlight.
Bitcoin’s recent price struggles presented investors with “buying opportunities,” resulting in the inflow of $441 million into crypto-related investment products, according to CoinShares‘ latest report. James Butterfill, the head of research at CoinShares, explained that digital assets experienced heavy volatility last week due to selling pressures from the German government and news of defunct Mt. […]
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BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) is close to reaching $500 million in assets under management. The tokenized fund, represented by the BUIDL token on the Ethereum network, now holds $491 million in assets, according to Dune Analytics data. Blockchain analytics platform IntoTheBlock noted that this milestone comes during a period of price struggles […]
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After completing the latest purchase, Metaplanet holds 203,734 BTC bought at an average price of around $62,000 per coin.
Sequoia Capital says the industry needs to make about $600 billion in profit before the current expenditures start to make sense.
SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July.
In Cointelegraph’s latest video, experts discuss the impact of the spot Bitcoin ETF approvals on the crypto markets and the potential for a spot Ethereum ETF.
Bitfinex Securities announced the launch of two new tokenized bond issues under an ongoing issuance program from Mikro Kapital’s securitization fund, ALTERNATIVE. This marks the second tokenized bond since the companies announced a Memorandum of Understanding in October last year. Mikro Kapital is a Luxembourg-based microfinance and impact investment company founded in 2008. The company […]
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State Street Global Advisors, a subsidiary of the third-largest ETF issuer State Street, has joined the growing trend of traditional financial institutions exploring crypto ETFs. In a June 26 statement, the firm said it was teaming up with crypto investment firm Galaxy Digital to introduce new crypto ETFs extending beyond the flagship digital asset, Bitcoin. […]
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Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi.
Kanav Kariya, the President of Jump Crypto, announced his resignation four days after reports surfaced that the Commodity Futures Trading Commission (CFTC) was investigating its Jump Trading subsidiary’s activities. Kariya stated, “Today marks the end of an incredible personal journey for me. It’s my last day at Jump, a moment I’m receiving with both a […]
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This edition of Cointelegraph’s VC roundup features Plural Energy, Everclear, Ava Protocol, GoPlus, and other startups.
OpenEden’s TBILL received an ‘A-bf’ rating from Moody’s Ratings on June 19, as more T-Bills are going onchain.
Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry.
CoinShares’ latest weekly report highlighted a notable shift in crypto investment products, with the sector experiencing its most significant outflows in three months. Last week, investors pulled $600 million from the market, with Bitcoin products bearing the brunt, facing $621 million in outflows. Meanwhile, short-Bitcoin products saw nearly $2 million in inflows, reflecting the bearish […]
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Paradigm has been discussing its new crypto fund for the past few months as markets rebounded.
Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date.
Robinhood has announced its agreement to acquire global crypto exchange Bitstamp for approximately $200 million in cash. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to be finalized in the first half of 2025. Barclays and Galaxy Digital Partners were exclusive financial advisors to Robinhood and Bitstamp, respectively. Bitstamp, founded in […]
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CEO Jenny Johnson believes institutions will deploy a second wave into Bitcoin funds and attract the truly big players.
Experts say BTC and ETH derivatives will be instrumental in integrating crypto to TradFi and sending each to new all-time highs.
Riot Platforms has announced a proposal to acquire Bitfarms for approximately $950 million, reflecting a 24% premium to Bitfarms’ one-month volume-weighted average share price as of May 24. According to the press release, Riot’s decision to make a hostile takeover bid follows Bitfarms’ Board of Directors’ rejection of its private proposal without substantive engagement. The […]
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Artificial intelligence firm xAI has secured $6 billion in a Series B funding round, according to a May 27 statement. Elon Musk, the company’s founder, revealed that its pre-money valuation was $18 billion, meaning this latest funding round boosted its valuation to $24 billion—a significant milestone considering the firm launched just 11 months ago, in […]
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With the SEC expected to decide by May 23 whether to approve or disapprove a spot Ether exchange-traded fund, three asset managers amended their 19b-4 filings.
The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.