Search
Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals
17.1.2024
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $835 billion with $25.65...
Ark Invest’s Crypto-Powered ESG Fund Emerges as Top Performer of 2023
17.1.2024
Ark Investment Management’s best-performing ESG fund of 2023 had made a bold bet on cryptocurrencies. The $2.4 billion Nikko AM Ark Positive Change Innovation Fund (ticker NIPCIPJ LX) achieved an outstanding return of 68% last year, surpassing the gains of the S&P 500 index. What makes...
U.S. Spot Bitcoin ETFs Reach $10B Trading Volume in 3 Days; Grayscale Accounts for Over Half of that Figure
17.1.2024
Since their recent launch in the United States, spot Bitcoin ETFs have achieved a cumulative trading volume of nearly $10 billion within just three days. According to Bloomberg analyst James Seyffart, the standout performer among the spot Bitcoin ETFs is Grayscale’s GBTC, which recorded...
Attempted Bitfinex Exploit for $15 Billion XRP Fails
16.1.2024
Bitfinex’s security protocols came into the spotlight when a seemingly massive XRP transfer, initially causing alarm among crypto watchers, turned out to be a foiled exploit attempt. $15 Billion of XRP Transfer Attempt Fizzles Out A failed exploit attempt on cryptocurrency exchange Bitfinex...
SPONGE Staking Skyrockets to 5 Billion Tokens Locked as Markets Brace For Seismic Launch of SPONGEV2
16.1.2024
Tuesday, January 16th, 2024 – Investors are flocking back to the Sponge token ecosystem, as market excitement grows for the launch of the next incarnation Sponge V2. $SPONGE saw sensational success amid the meme coin hype of June 2023, as the nostalgic coin triggered a skyrocketing...
Study: Venture Capital Investments in Top Ten Web3 Projects Were 70% Lower in 2023
16.1.2024
In 2023, the top ten Web3 projects collectively raised $1.78 billion in funding, a figure which is 70% lower than the $5.87 billion raised in the previous year, the findings of a new study have shown. The findings also show that Web3 projects were able to attract $9 billion in capital with...
Hedera Council Boosts Blockchain Innovation With Billions in HBAR
16.1.2024
The Hedera Council announces an allocation of 4.86 billion HBARs, primarily focused on bolstering initiatives like the HBAR Foundation, Hashgraph Association, and DLT Science Foundation. Hedera Council Commits 4.86 Billion HBARs In a move towards enhancing its network and decentralized governance...
Hong Kong Licensed Crypto Exchange Hashkey Operator Raises $100M With $1.2B Valuation
16.1.2024
In a recent funding round, HashKey Group, the operator of one of Hong Kong’s two licensed crypto exchanges, successfully raised close to $100 million with a valuation of over $1.2 billion. Hashkey Group announced the completion of the series A funding round earlier today in a statement...
Stablecoin Leader Tether Approaches 100 Billion in Circulation
15.1.2024
Source: Adobe / Jim Tether, the issuer of the popular USDT stablecoin, has strengthened its dominance in the stablecoin market by approaching 100 billion tokens in circulation. The company’s market share expanded significantly in 2023, growing from 50% at the beginning of the year to over...
JP Morgan: Bitcoin ETFs Could See $25 Billion Inflows From Existing Products Without Fresh Capital
15.1.2024
Source: AdobeStock / Alexey Novikov Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market. JP Morgan Market Trends Report Highlights Inflows Following Bitcoin ETF Approval In a recent...
Ethereum Technical Analysis: ETH Stabilizes in a Narrow Range
15.1.2024
Today’s trading session commenced with ethereum oscillating between $2,480 and $2,532 in the past hour, enclosed within a daily range of $2,472 to $2,544. This restricted range hints at a brief stabilization period after a spell of recent market swings. Ethereum maintains a strong market...
Digital Asset Investment Products See $1.18 Billion Inflows Amid Excitement Around Launch of Spot Bitcoin ETFs
15.1.2024
Last week, digital asset investment products witnessed a significant surge in inflows, totaling an impressive $1.18 billion, albeit subject to a T+2 settlement. Digital Assets Investments Still Behind ETPs Despite Record Inflows While this influx of capital is noteworthy, it falls just shy of...
Attack on Bitfinex Exchange Involving $15 Billion XRP Transaction Failed: Paolo Ardoino
15.1.2024
A transaction involving nearly $15 billion worth of XRP from an unknown wallet to the Bitfinex exchange as part of a “partial payments exploit” has failed. The transaction was first brought to the public’s attention by the blockchain tracking account known as Whale Alert, which...
Spot Bitcoin ETF Approvals, Ethereum’s Outperformance, BTC Mystery Transfer, and More — Week in Review
14.1.2024
The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S....
GBTC’s Closing NAV Discount and Steep Fees Trigger Outflows, ETF Analyst Expects ‘More Over Time’
13.1.2024
Last week, the U.S. Securities and Exchange Commission (SEC) greenlit the debut of 11 diverse spot bitcoin exchange-traded funds (ETFs), which, in their initial two days on the market, experienced a substantial $7.65 billion in trading volume. Concurrently, while a host of new entrants enjoyed...
Groundbreaking Debut for Bitcoin ETFs, Garnering $4.5 Billion on Day One
12.1.2024
Source: Adobe / Backcountry Media The new spot Bitcoin ETFs made a significant impact when they debuted on Wall Street on Thursday, collectively amassing $4.5 billion in volume on their first day of trading. The impressive debut exceeded market observers’ expectations, reflecting the strong...
Spot Bitcoin ETFs Poised for $36 Billion Influx, JPMorgan Highlights Rotational Capital Movement
12.1.2024
Source: Pixabay / tombark Contrary to expectations of a massive influx of fresh capital, JPMorgan analysts suggest that spot Bitcoin (BTC) ETFs may experience up to $36 billion in inflows redirected from existing cryptocurrency instruments. According to a note by JPMorgan analysts, the breakdown...
Elizabeth Warren Criticizes SEC as Bitcoin ETFs Record Over $4 Billion in First-Day Trades
12.1.2024
Source: DALL·E The newly approved spot Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable trading volume, exceeding $4 billion on their first day in the market. According to Bloomberg Intelligence ETF analyst James Seyffart, spot Bitcoin ETFs’ first-day trading volume...
US Spot Bitcoin ETFs Rack up $4.6 Billion in Trading Volume on Day 1 — Blackrock Debuts With $1 Billion
12.1.2024
U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $1 billion in trading volume for its Ishares Bitcoin Trust. Grayscale’s spot bitcoin...
Record $2.3B in Bitcoin ETF Trades as BTC Rockets to $49K, Then Plummets Below $46K
11.1.2024
At 11 a.m. Eastern Time (ET) on Jan. 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) boasted a remarkable trading volume of $2.3 billion. However, in a dramatic turn of events later that afternoon, bitcoin’s spot markets experienced a steep decline, with prices falling...