Category Archive: Cryptocurrency, No picture
BlackRock Ethereum ETF draws most inflows on first trading day
Key Takeaways BlackRock’s iShares Ethereum Trust (ETHA) dominated with over $266 million in inflows. The debut of spot Ethereum ETFs overshadowed Bitcoin ETFs, with outflows of $78 million. US spot Ethereum exchange-traded funds (ETFs) made a strong debut on Tuesday, attracting nearly $107 million in total inflows, according to data from Farside Investors. BlackRock’s iShares […]
Mt. Gox moves $2.5 billion worth of Bitcoin from cold storage
Key Takeaways Mt. Gox transferred around $2.1 billion in Bitcoin to a new address. The entity still holds nearly $6 billion worth of Bitcoin. A cold storage wallet linked to Mt. Gox moved around 37,477 Bitcoin (BTC), valued at nearly $2.5 billion a couple of minutes ago, with 32,371 BTC, worth around $2.1 billion, sent […]
Grayscale Ethereum ETF sees $484 million in outflows on its first day
Key Takeaways Grayscale’s Ethereum ETF experienced steep outflows at market debut. The ETF’s expense ratio stands at 2.5%, the highest for US Ethereum ETFs. Investors pulled $484 million from the Grayscale Ethereum Trust (ETHE), now trading as an ETF, on its first day of trading, data from Farside reveals. Source: Farside Investors As reported by […]
Kamala Harris campaign in talks to speak at Bitcoin Conference
Key Takeaways Mark Cuban views Kamala Harris as more open to crypto and tech than Biden. Harris’s team consults crypto executives ahead of the Democratic National Convention. Bitcoin Magazine CEO David Bailey revealed talks are underway with Kamala Harris’ campaign about potentially speaking at the Bitcoin Conference, signaling a possible shift in Democratic party positioning […]
Ethereum ETFs surpass $600 million in volume, tracking toward $900 million
Key Takeaways Ethereum ETFs reached $600M in volume within three hours of US market opening. Grayscale’s ETHE leads with $270M volume, while BlackRock’s ETHA follows at $133.5M. Spot Ethereum (ETH) exchange-traded funds (ETFs) surpassed $600 million in volume in less than three trading hours in the US, according to Bloomberg ETF analyst James Seyffart. The […]
Hong Kong’s ‘reverse Bitcoin futures’ may trigger volatility, warns Bitfinex head of derivatives
Key Takeaways Hong Kong Stock Exchange lists inverse Bitcoin futures product, allowing bets on price declines. Bitfinex Head of Derivatives warns of potential market volatility due to the new product. The CSOP Bitcoin Futures Daily (-1x) Inverse Product was listed on the Hong Kong Stock Exchange today, allowing investors to bet on Bitcoin (BTC) price […]
DYdX in talks to sell derivatives trading software to crypto market makers
Key Takeaways DYdX Trading Inc. is negotiating the sale of its v3 derivatives trading software to crypto market makers. The DYdX v3 platform generated $137 million in fees from $466.3 billion in trading volume in 2022. DYdX Trading Inc. is in negotiations to sell its v3 derivatives trading software to a consortium of leading crypto […]
Secret Service director resigns following Trump assassination attempt
Key Takeaways Cheatle described the July 13 incident as the most significant failure in decades. The attack resulted in one fatality and two critical injuries. Kimberly Cheatle, director of the US Secret Service, has resigned amid intense criticism over the agency’s failure to prevent the July 13 assassination attempt on former President Donald Trump, according […]
Illuvium set to launch its gaming ecosystem in July 25th
Key Takeaways Illuvium is launching a triple-title gaming ecosystem on July 25 with $100 million in funding. The ecosystem features blockchain-based asset ownership and a governance token called ILV. Web3 gaming studio Illuvium is set to launch its triple-title ecosystem this Thursday, July 25th. The ecosystem has three interconnected games tied to exploration, material harvesting, […]
Spot Ethereum ETFs debut on US markets as trading commences
Key Takeaways First-ever spot Ethereum ETFs begin trading in the US today. Ethereum ETFs expected to attract up to $1 billion in initial monthly inflows. Today marks a watershed moment in the US financial markets as the first-ever spot Ethereum ETFs commence trading.Approved by the US SEC, these funds allow investors to directly engage with […]
