Category Archive: Cryptocurrency, No picture

Grayscale rolls out trust products for Sui and Bittensor

Grayscale rolls out trust products for Sui and Bittensor

Key Takeaways Grayscale Investments introduced two new crypto products investing in SUI and TAO. The firm aims to meet growing investor interest in diversified crypto exposure. Grayscale Investments, the leading asset manager, has expanded its portfolio with two new funds, the Grayscale Bittensor Trust and the Grayscale Sui Trust, said the company in a Wednesday […]
Crypto recent pullbacks are five times softer than the Covid crash: CoinGecko

Crypto recent pullbacks are five times softer than the Covid crash: CoinGecko

Key Takeaways The largest crypto market sell-off in 2024 was -8.4%, significantly less than the -39.6% Covid-19 crash. Crypto has not recorded a single day of market correction since the FTX collapse in November 2022. Despite Bitcoin’s (BTC) recent dip of 29% in two weeks, the crypto market has shown resilience in 2024, with no […]
Bybit’s daily trading volume soars to 100 billion

Bybit’s daily trading volume soars to 100 billion

Key Takeaways Bybit has achieved a record-breaking daily trading volume of $100 billion. Strong trading activity across perpetuals, futures, spot, and options contributed to the record. Bybit, one of the world’s leading crypto exchanges, has achieved a monumental milestone, surpassing $100 billion in daily trading volume earlier this week, according to the company’s Wednesday press […]
Grayscale Ethereum ETF outflows hit record low of nearly $40 million

Grayscale Ethereum ETF outflows hit record low of nearly $40 million

Key Takeaways Grayscale’s Ethereum ETF experienced its lowest daily outflow. Despite mixed performance, the nine ETFs collectively saw net inflows of $98 million on Wednesday. Around $40 million exited the Grayscale Ethereum Trust, now trading as an exchange-traded fund (ETF) on August 6, according to data from Farside Investors. This marks the lowest daily outflow […]
Bitcoin ETF volume reaches $5.7 billion as net outflows subside after market crash

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’

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

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

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

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”

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 […]