Matt Hougan thinks Bitcoin’s (BTC) journey towards becoming a mainstream asset class is a “multiyear story.” Hougan, the chief investment officer (CIO) of Bitwise Asset Management, says in a new interview with CNBC that the Bitcoin exchange-traded fund (ETF) numbers in the first half of 2024 suggest “the birth of a new asset class.” “I …
Monthly archives: July 2024
Analyst Jason Pizzino Says Bitcoin Could Potentially Skyrocket to New All-Time High – But There’s a Catch
A closely followed crypto analyst says that Bitcoin (BTC) could surge to a new all-time high within the next few months. In a new video update, crypto strategist Jason Pizzino tells his 330,000 YouTube subscribers he has concluded that the top crypto asset by market cap will likely skyrocket to a new record price to …
Zero Hash Integrates Sui Blockchain Accessibility
July 11, 2024 – Grand Cayman, Cayman Islands Zero Hash, the leading crypto and stablecoin infrastructure platform, today announced that its platform customers can now enable the SUI token from Sui, the layer one blockchain in permitted jurisdictions. Sui was designed with the objective of providing unparalleled speed, security and scalability. It achieves near-instant transaction …
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Standard Chartered Subsidiary Looking To Buy Billionaire-Backed Crypto Firm: Report
A crypto-focused subsidiary of British multinational bank Standard Chartered is reportedly interested in acquiring a digital asset business backed by billionaire hedge fund manager Alan Howard. Citing people with knowledge on the matter, Bloomberg reports that institutional digital asset trading firm Zodia Markets is in talks to buy crypto over-the-counter (OTC) desk Elwood Capital Management. …
Former OpenAI employee quit to avoid ‘working for the Titanic of AI’
The real question is: Who or what is the iceberg in this scenario?
Bitcoin price struggles as investors expect Fed interest rate cuts — Why?
Bitcoin price is stuck in a downtrend even though investors are betting on Fed interest rate cuts. What gives?
Founder of Peer-to-Peer Crypto Exchange Paxful Pleads Guilty Over Anti-Money Laundering Program Failures: DOJ
The co-founder and former director of peer-to-peer cryptocurrency marketplace Paxful has pleaded guilty to charges related to the platform’s failure to gather sufficient know-your-customer (KYC) information from its users. Paxful is a virtual currency platform and money transmitting business where users traded crypto assets in exchange for other items. In a statement, the U.S. Department …
US Spot Bitcoin ETFs Achieve Fourth Day of Consecutive Inflows
U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth consecutive day of inflows, capturing $147.37 million on Wednesday. Fidelity’s FBTC led by drawing in $57.79 million during the trading sessions. Bitcoin ETFs in U.S. Report $147.37M Inflows, Led by Fidelity’s FBTC Spot bitcoin ETFs in the U.S. garnered an additional $147.37 million yesterday, marking the …
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HTX Completes Millions in Compensation to Users Affected by the pGALA Token Incident
PRESS RELEASE. HTX announces that millions in compensation to users affected by the pGALA token incident has been completed this week, including cash payouts, in-platform benefits, and Gala nodes. In April 2023, HTX announced an agreement with Gala Games to compensate users affected by the pGALA token incident, with the total compensation amounting to millions. …
SEC ends probe into Paxos, no actions on BUSD stablecoin
The US Securities and Exchange Commission (SEC) has ended its investigation into stablecoin issuer Paxos. On July 11, Paxos announced that it received an investigations termination notice from the SEC a few days earlier on July 9. The notice confirmed that the regulator would not pursue enforcement action against Paxos Trust Company regarding the Binance …
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Ethereum braces for spot ETF boost as 40% of supply remains locked
Approximately 40% of Ethereum supply is locked as the market anticipates the final approval for ETH spot-based exchange-traded funds (ETFs). A breakdown of this “locked supply” shows that over 33 million ETH is staked on the network, representing around 28% of Ethereum’s total supply, according to Dune Analytics data. Proof-of-stake networks like Ethereum require users …
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European stablecoin market declines under newly imposed MiCA rules
The market capitalization of European stablecoins declined in June due to the implementation of the Markets in Crypto-Assets (MiCA) regulation, according to CCData’s latest stablecoin report. The market cap of Euro-based stablecoins fell by 2.51%, hitting a seven-month low of $307 million, the lowest since November 2023. During this period, Tether’s EURT stablecoin’s market cap …
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MicroStrategy up 5% pre-market after 10-for-1 stock split announcement
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 4 days ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of the year. Go to Source
Bitcoin peaks above $59,000 as US CPI data shows easing inflation
Quick Take Trading Economics data shows that June’s Core Inflation Rate MoM (Month-over-Month) increased by 0.1%, slightly below the consensus of 0.2% and the previous month’s 0.2%. This suggests a modest deceleration in core inflation, which excludes volatile items like food and energy. Year-over-year (YoY) figures show that Core Inflation stands at 3.3%, down from …
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Pyth Network introduces Express Relay, aiming to reduce MEV in DeFi
Pyth Network has launched Express Relay on mainnet, introducing a decentralized solution to the issue of Miner Extractable Value (MEV) in DeFi transactions. The Pyth Network provides real-time market data for blockchain applications, focusing on securely and inexpensively bringing latency-sensitive financial data on-chain. This new product connects DeFi protocols directly with a network of established …
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