Quick Take On May 30, Farside data revealed that Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced another inflow of $48.8 million, marking 13 consecutive trading days of positive inflows. The current record is 17 successive inflows, indicating strong investor confidence in these financial instruments. Among the ETFs, Fidelity’s FBTC witnessed the most significant inflow since May …
Monthly archives: May 2024
Balchunas predicts end of June ETH ETF launch as Grayscale updates S-3 statement
Bloomberg ETF analyst Eric Balchunas said on May 30 that US spot Ethereum ETFs could launch in June amidst updated BlackRock and Grayscale filings. Balchunas said there is a “legit possibility” that spot Ethereum ETFs will launch by the end of June. He added that an earlier mid-June launch was a “long shot.” Balchunas said …
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Ripple Report: Crypto and CBDCs Transforming Global Payments
Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability, …
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Robinhood Introduces Crypto Trading API
Robinhood, the popular investment and trading platform, has announced a significant upgrade for its crypto customers in the United States. Users can now leverage Robinhood’s newly introduced Crypto Trading API to view real-time crypto market data, manage their portfolios and account information, and place crypto orders programmatically. “With our new crypto trading API, we’re helping …
Solana Memecoin MEW Partners With LOCUS Animation Studio to Create New 3D Animated Series
PRESS RELEASE. MEW, a cat-themed token on the Solana blockchain, partners with animation studio LOCUS to create a new 3D animated series. MEW is the first worldwide entertainment brand and retail product line started by a memecoin community. LOCUS produces 3D animations and TV series primarily in the Korean market. After raising about $17.5 million …
Circle Officially Launches in Brazil, Partners With Latam Giants BTG Pactual and Nubank
Circle, the company behind USDC, the second-largest stablecoin in the cryptocurrency market, has announced its official launch in Brazil. The company inked an alliance with BTG Pactual, the largest investment bank in Latam, to provide onboarding and distribution services for Brazilian companies. Circle also partnered with Nubank, a leading digital neobank. Circle Partners With BTG …
Bitcoin Could Skyrocket to ‘Unprecedented Heights’ if This Happens, According to Glassnode Co-Founders
The co-founders of blockchain analytics firm Glassnode are expressing bullish sentiment on Bitcoin (BTC) as the flagship crypto asset lingers by around 8% below the all-time high. Glassnode co-founders Jan Happel and Yann Allemann who share the handle Negentropic on the social media platform X, say that Bitcoin could hit a new all-time high of …
Institutional participation fuels Bitcoin futures resurgence
Onchain Highlights DEFINITION: Bitcoin futures open interest (OI) is the total amount of funds allocated in open futures contracts. Bitcoin futures OI has seen a further rebound recently. As Bitcoin’s price approached $70,000 earlier this year, futures OI reached unprecedented levels, signaling renewed investor interest and market engagement. Past CryptoSlate insights highlighted that the uptick …
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Bitcoin market split as buying and selling volumes remain the same
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Trump’s guilty verdict unlikely to derail pro-crypto Presidential campaign
Despite being convicted on 34 felony counts of falsifying business records, former President Donald Trump’s pro-crypto presidential campaign shows no signs of slowing down. In a historic moment on May 30, a Manhattan jury found Trump guilty of charges related to hush money payments made to adult film star Stormy Daniels during the 2016 presidential …
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NYDFS establishes new guidelines for crypto companies to enhance customer service standards
The New York State Department of Financial Services (NYDFS) issued new guidelines on May 30 to enhance customer service standards for Virtual Currency Entities (VCEs). The guidelines will come into force starting Nov. 1. The NYDFS said these comprehensive guidelines aim to ensure that VCEs have robust customer service mechanisms that are equipped to handle …
Andreessen Horowitz donates $25 million to Fairshake Super PAC
VC firm Andreessen Horowitz (a16z) donated $25 million to Fairshake and related entities, a16z crypto Managing Partner Chris Dixon said on May 30. Dixon said the donation would help Fairshake support bipartisan US candidates, promote entrepreneurship, and advance clear rules for digital assets. He added: “…we need to keep up the momentum and show that …
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Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on …
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Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model
Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin …
SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would benefit innovators, regulators, and consumers in both countries. Hester Peirce Pushes for US-UK Collaborative Financial Sandbox U.S. Securities and Exchange …
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