Category Archive: Cryptocurrency, No picture
BlackRock’s spot Ethereum ETF begins pre-market trading amid muted demand predictions
Key Takeaways BlackRock’s Ethereum ETF started pre-market trading early on July 23, 2024, after SEC approval. Analysts estimate up to $5.4 billion inflows into the ETFs within six months. BlackRock’s Spot Ethereum ETF has commenced pre-market trading early Tuesday, following the SEC’s approval for multiple spot Ethereum ETFs.This development allows mainstream investors to directly invest […]
Mt. Gox transfers $3.2 billion in Bitcoin with $150 million to Bitstamp
Key Takeaways Mt Gox moved around $3.2 billion in Bitcoin on Tuesday. The transfer is part of a $9 billion repayment plan to creditors. A wallet linked to the now-defunct crypto exchange Mt. Gox transferred $3.2 billion worth of Bitcoin early Tuesday, including 42,587 Bitcoin (BTC), valued at $2.8 billion, to an unidentified address, and […]
BlackRock’s IBIT rakes in $527 million as Bitcoin ETFs notch 12th day of inflows
Key Takeaways BlackRock’s Bitcoin ETF drew $526.7 million in net inflows on Monday. IBIT’s market cap exceeds $22 billion, and it has outperformed the Nasdaq ETF in terms of inflows this year. BlackRock’s iShares Bitcoin Trust (IBIT) attracted $526.7 million in net inflows on July 22 as investors’ appetite for spot Bitcoin funds continued to […]
SEC approves Ethereum spot ETFs, trading to start tomorrow
Key Takeaways Ethereum spot ETFs will begin trading on July 23, 2024, following SEC approval. Major financial institutions like Grayscale and Fidelity are set to launch these ETFs. The US Securities and Exchange Commission (SEC) has given the green light for the launch of multiple Ethereum spot exchange-traded funds (ETFs), with trading slated to begin […]
Lumx launches $250k fund for Polygon projects in Latin America
Key Takeaways Lumx launches $250,000 fund for Polygon blockchain projects in Latin America. Grants support smart accounts, smart contracts, NFTs, and access to thirdweb products. Web3 startup Lumx has launched a $250,000 fund to accelerate on-chain development on the Polygon network in Latin America. The LATAM Acceleration Fund aims to foster innovation and adoption of […]
Bitcoin on-chain metrics remain robust during July’s rebound: Bitfinex
Key Takeaways BTC price recovered 29% since July 5, reaching a 38-day high of $68,560. ETF inflows totaled $1.2 billion last week, signaling renewed investor interest. Bitcoin (BTC) reached a 38-day high of $68,560 last week, marking a 29% recovery since July 5th, and the latest edition of the “Bitfinex Alpha” reports that on-chain metrics […]
Meme coins outshine BTC and ETH in latest crypto rally
Key Takeaways Cat-themed meme coins averaged 8.8% gains in 24 hours, outperforming BTC and ETH. Meme-related tokens outpaced BTC by 5% and ETH by 9.3% over the past week. Bitcoin (BTC) briefly surpassed $68,000 on July 21st and sparked price leaps across the crypto market. In this landscape, meme coins have stolen the limelight by […]
WazirX hacker moves $57M in ETH, exchange increases bounty to $23M
Key Takeaways $57 million in Ethereum was moved to new wallets by the WazirX hacker. WazirX has doubled its recovery bounty to $23 million following community feedback. The hacker behind the $230 million WazirX exploit has transferred $57 million worth of stolen funds to two new cryptocurrency addresses, prompting the exchange to double its white […]
Asia’s first inverse Bitcoin ETF to launch in Hong Kong amid crypto market volatility
Key Takeaways Hong Kong’s inverse Bitcoin ETF launch showcases the city’s ambition to become a leading crypto financial hub. The new ETF reflects growing demand for sophisticated crypto investment tools amid political-driven market volatility. Hong Kong is set to introduce Asia’s first crypto-linked inverse exchange-traded fund (ETF), allowing investors to bet against Bitcoin amid market […]
Mt. Gox reactivates Bitcoin wallet, makes small transfer to Bitstamp
Key Takeaways Mt. Gox sent 0.021 Bitcoin to Bitstamp early today, following Kraken’s Bitcoin and Bitcoin Cash distribution last week. Bitstamp is identified as one of the exchanges handling Mt. Gox’s creditor repayments. Mt. Gox, the once-prominent crypto exchange, initiated a minor Bitcoin transaction on Monday. According to data from Arkham Intelligence, a wallet associated […]
