Category Archive: Cryptocurrency, No picture
Bitcoin ETF volume reaches $5.7 billion as net outflows subside after market crash
Key Takeaways Spot bitcoin ETF volumes doubled during the market crash. Morgan Stanley to start recommending bitcoin ETFs to qualifying clients. Trading volume for Bitcoin exchange-traded funds surged to $5.7 billion on August 6, surging from the prior 48 hours as crypto markets experienced heightened volatility. Outflows have since calmed down at $84.1 million, according […]
Metaplanet to invest $58M in Bitcoin amid Japanese market rebound, calls it the ‘apex monetary asset’
Key Takeaways Metaplanet has invested $58.76 million in Bitcoin as part of a larger fundraising effort. The investment is aimed at long-term asset appreciation and hedging against currency depreciation. Metaplanet, a Japanese investment and consulting firm which has been touted as Asia’s version of MicroStrategy, has announced plans to invest approximately 8.5 billion yen ($58.76 […]
Bitcoin rebounds 13% on US market support and surge in Coinbase buying
Key Takeaways Bitcoin recovers 13% with US market intervention and increased buying on Coinbase. Coinbase’s trade volume reaches $8.1 billion, the highest since early 2024. Bitcoin has rebounded 13%, thanks to critical support and liquidity provided by the US market, with strong spot buying observed on Coinbase order books, according to QCP Capital, a Singapore-based […]
Crypto Restaking: A complete guide for beginners
What is restaking in crypto?Restaking is a way to make your crypto work harder for you. Here’s what you need to know: It starts with regular staking, where you lock up your crypto to help secure a blockchain network. With restaking, you take those already staked coins and use them again. But here’s the cool […]
Diego Oliva resigns as CEO of Starknet Foundation
Key Takeaways Diego Oliva has resigned as CEO of Starknet Foundation, having led significant growth and project initiations. James Strudwick, with a strong background in Web3, takes over as the new CEO. Diego Oliva has stepped down from his role as CEO of the Starknet Foundation after one year and a half of dedicated service, […]
Bitcoin back at $55,000 after 8.5% recovery, ETF investors show “diamond hands”
Key Takeaways Bitcoin rebounds 8.5% to $55,000 as ETF investors show strong holding behavior. Spot Bitcoin ETFs experience record $5 billion trading volume with minimal 0.3% outflows. Bitcoin (BTC) is back at the $55,000 price level after a sharp 8.5% recovery over the past 24 hours. Spot BTC exchange-traded funds (ETF) investors’ activity has shown […]
Cointelegraph and CryptoQuant research reveal TRON’s inelastic activity, maintaining stability
Geneva, Switzerland – August 5, 2024 – Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive research reports offering in-depth analyses of the TRON network. These reports highlight a continuous rise in network activity and emphasize TRON’s high transaction speeds, scalability, and cost-effectiveness, which make it a preferred blockchain […]
US Bitcoin spot ETFs bleed $168 million amid market chaos, Ether ETFs gain
Key Takeaways Grayscale and Fidelity Bitcoin funds each saw around $69 million in withdrawals on Monday. Ethereum ETFs logged nearly $49 million in net inflows, contrasting with Bitcoin’s heavy outflows. Investors pulled $168 million from the group of nine US spot Bitcoin exchange-traded funds (ETFs) on Monday, bringing the total net outflows for two consecutive […]
Zoth secures $4M to build DeFi yield infrastructure with real-world assets
Key Takeaways Zoth has raised $4 million to fund its Tokenized Liquid Note backed by US Treasury Bills and corporate bonds. The company targets institutional investors with its blockchain-based fixed-income products. Zoth, a decentralized finance infrastructure company specializing in the tokenization of real-world assets, has successfully secured $4 million in a strategic funding round, said […]
Semler Scientific acquires additional 101 Bitcoin, holdings now at 929 BTC
Key Takeaways Semler Scientific has increased its Bitcoin holdings to 929 BTC with a recent purchase of 101 Bitcoin. The company’s total investment in Bitcoin now stands at $63 million. Semler Scientific, a healthcare company that has recently adopted a Bitcoin treasury strategy, has acquired an additional 101 Bitcoin (BTC), bringing its total holdings to […]
