Category Archive: Cryptocurrency, No picture
Bitcoin approaches new ATH 100 days post-halving
Key Takeaways Bitcoin futures open interest reached a record $39.37 billion on July 29, 2024. The surge was influenced by the Bitcoin2024 conference and a bullish market sentiment. Bitcoin climbed to a seven-week high of $69,775 on July 29, coming within 6% of its all-time record as the cryptocurrency’s post-halving rally takes shape 100 days […]
US Ethereum spot ETFs off to rough start: $1.5B left Grayscale fund, BlackRock led first-week inflows
Key Takeaways Grayscale’s Ethereum Trust has experienced $1.5 billion in net outflows since it was converted into an ETF. BlackRock’s Ethereum Trust has attracted $442 million, leading the net inflows among new US Ethereum ETFs. Newly launched US spot Ethereum exchange-traded funds (ETFs) were off to a rough start as investors pulled approximately $1.5 billion […]
Justin Sun urges China to revamp Bitcoin strategy
Key Takeaways Justin Sun expects China to adopt more competitive Bitcoin policies. The US government currently holds over $14 billion worth of Bitcoin, making it the largest national holder of Bitcoin globally. Founder of the Tron blockchain Justin Sun has called on China to reform its approach to Bitcoin policy, especially when the US has […]
Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility
Key Takeaways Trump’s speech at Bitcoin 2024 led to a sharp increase and then a drop in Bitcoin prices. Nearly $24 million in Bitcoin longs were liquidated during the speech. Bitcoin prices experienced significant volatility during former U.S. President Donald Trump’s speech at Bitcoin 2024 in Nashville, where he unveiled plans to establish a “strategic […]
Trump confirms Bitcoin will become a US strategic reserve asset if elected
Key Takeaways Trump proposes Bitcoin as a strategic reserve asset. Trump’s campaign accepts crypto donations, signaling strong industry support. US presidential candidate Donald Trump said he will make Bitcoin a strategic reserve asset if elected during his keynote speech today at the Bitcoin 2024 Conference. “I am announcing that if I am elected, it will […]
Bitcoin eyes $70,000 as Trump prepares for Nashville speech
Key Takeaways Bitcoin price surged to $69,300 today, registering a 3% increase in 24 hours. Trump’s speech might declare Bitcoin as a US reserve asset. Bitcoin is poised to surpass the $70,000 mark as anticipation builds for Donald Trump’s upcoming speech at the Bitcoin 2024 Conference in Nashville. According to data from CoinGecko, earlier today, […]
University of Wyoming launches first academic Bitcoin research institute
Key Takeaways The UW Bitcoin Research Institute aims to improve the quality of academic Bitcoin studies. Dr. Bradley Rettler is the inaugural director of the new Bitcoin-focused academic institute. The University of Wyoming has established the UW Bitcoin Research Institute, the first academic institution dedicated to Bitcoin studies. Dr. Bradley Rettler, Associate Professor of Philosophy, […]
Fed drops enforcement action against Silvergate
Key Takeaways Silvergate Bank has reimbursed all customers and ceased operations as of July 2024. Legal challenges persist for Silvergate despite the Federal Reserve ending its enforcement. The Federal Reserve Board announced that it’s dropping all enforcement action against Silvergate Bank and Silvergate Capital Corporation. This decision comes after Silvergate successfully wound down operations, reimbursed […]
Crypto consolidation: Understanding the role of exchange aggregators in the market
As the crypto market grows, the number of exchanges has surged, each offering different trading pairs, fees, and features. This abundance can be overwhelming for traders. Crypto aggregators simplify the exchange process by consolidating information and options. In this article, we’ll delve into what exchange aggregators are and the benefits they bring to the crypto […]
Michigan pension fund invests $6.6 million in Bitcoin via ARK 21Shares ETF
Key Takeaways Michigan’s retirement system invested $6.6 million in Bitcoin through ARK 21Shares’ ETF. Other pension funds, including Wisconsin’s SWIB, are also adding Bitcoin exposure. The State of Michigan Retirement System reported a Bitcoin (BTC) investment amounting to $6.6 million through ARK 21Shares’ ARKB spot BTC exchange-traded fund (ETF), revealed the filing of its 13-F […]
