VanEck Head of Digital Assets Research Matthew Sigel confirmed speculation that the company’s Solana spot ETF proposal bets on Donald Trump winning the US presidency. The deadline for VanEck’s application is set for March 2025, which would put it well beyond the aftermath of the US Presidential elections in November. Sigel simply responded with a …
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The US Marshals Service (USMS), a division of the US Department of Justice (DOJ), has chosen Coinbase Prime to safeguard and trade its large-cap digital assets portfolio, according to a July 1 press release. According to the contract, the decision follows a comprehensive competitive due diligence process that evaluated various solutions for managing the agency’s …
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Quick Take At the end of 2023, VanEck made 15 ambitious predictions for the digital assets market in 2024. Here’s a look at how some of these predictions have fared so far. 1. The US Recession and the First Spot Bitcoin ETPs Prediction: The US would enter a recession in the first half of 2024, …
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Bitcoin miner Bitfarms reported an increase in Bitcoin production for June following an overall capacity upgrade. According to its latest monthly production report, Bitfarms’s BTC production rose 21% month-on-month to 189 BTC in June, up from the 156 BTC it produced in May. The miner stated that its production was impacted by the curtailment in …
Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million and $10 million, respectively. Regional inflows occurred in the U.S., Brazil, and Australia, contrasted by outflows in Germany, Hong Kong, …
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Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction …
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Hashnote, a digital asset manager, has announced a partnership with crypto custody firm Anchorage Digital to offer secure investment returns for institutional clients. This collaboration integrates Anchorage’s custody services with Hashnote’s derivative strategies. Hashnote and Anchorage Join Forces to Reduce Counterparty Risk for Institutional Investors Investing in Crypto On Monday, Hashnote stated that the “collaboration …
The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M …
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Steno Research, an independent macroeconomics, geopolitical, and crypto research house, has predicted that the spot ether ETF, presumed to start trading in early July, will take ETH to $6,500. Steno’s latest post on the subject forecasts that Ether ETFs will perform better than leading analysts have predicted, bringing up to $20 billion in inflows this …
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Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including custody, trading, borrowing, and yield through separately managed accounts. Abra insists these solutions are tailored …
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John Hussman, a prominent market strategist known for predicting the 2000 and 2008 crashes, warns of a significant downside for the S&P 500. Hussman highlights elevated asset prices and narrow market participation, suggesting a potential decline of 50-70%. Analyst Predicts Major Stock Downturn Amid Elevated Valuations John Hussman, the president of Hussman Investment Trust, has …
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A widely followed crypto analyst says that crypto retail investors may be returning as the number of new Bitcoin (BTC) addresses rises in spite of choppy market conditions. In a new strategy session, crypto trader Ali Martinez shares a chart with his 66,000 followers on the social media platform X showing that the count of …
USDT-issuer Tether is now allowing Filipino citizens to pay their social security system contributions with crypto. According to Tether, citizens of the Philippines can now make social security payments with USDT on the TON (TON) blockchain using a UQUID card. UQUID bills itself as a “Web 3 e-commerce platform.” According to the card provider, making …
The Biden administration is imposing reporting requirements for crypto platforms to ensure that Americans file accurate taxes on digital asset transactions. On Friday, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalized rules that require crypto brokers to report to the IRS digital asset sales and exchanges starting in the calendar …
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The US government has announced it is using American crypto exchange Coinbase to custody its digital assets. The U.S. Marshals Service (USMS), a sub-tier of the Department of Justice (DOJ), has revealed that it is custodying digital assets with Coinbase as part of its program to manage and dispose of large amounts of “Class 1” …
