New filings reveal that financial services titan Goldman Sachs is holding hundreds of millions of dollars worth of spot market Bitcoin (BTC) exchange-traded fund (ETF) holdings. According to new Form 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), banking giant Goldman Sachs holds $418 million worth of BTC ETF shares. Other blue-chip …
Monthly archives: August 2024
Three Arrows Capital Liquidators Want $1,300,000,000 From TerraForm Labs Over 2022 LUNA Collapse: Report
Liquidators of the failed crypto hedge fund Three Arrows Capital (3AC) are reportedly seeking $1.3 billion from Terraform Labs, the bankrupt stablecoin firm co-founded by Do Kwon. According to a new report by Bloomberg, the liquidators filed a claim in the U.S Bankruptcy Court for the District of Delaware seeking funds 3AC allegedly lost as …
Norwegian sovereign wealth fund’s indirect Bitcoin holdings soar 62% in first half of 2024
The Norwegian Government Pension Fund, commonly known as the Oil Fund, has indirect exposure to Bitcoin that rose by 62% during the first half of this year to the equivalent of 2,446 BTC, according to the Senior Analyst at K33 Research Vetle Lunde. This equates to an increase of 938 BTC since December 2023, when …
Bitcoin market cautious as longs and shorts balance out
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 …
Continue reading “Bitcoin market cautious as longs and shorts balance out”
WazirX revamps asset security, severs ties with Liminal over $235M hack
Indian crypto exchange WazirX, recently targeted in a $235 million hack, has ended its asset custody arrangement with Liminal. In an Aug. 14 statement, WazirX announced it was moving assets from Liminal to new multi-signature (multi-sig) wallets. This decision aims to enhance the security of its remaining assets after the breach. It stated: “This step …
Continue reading “WazirX revamps asset security, severs ties with Liminal over $235M hack”
Six out of top 10 traditional ETF issuers remain cautious of entering Bitcoin market
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 …
Coinbase cbBTC could challenge BitGo’s WBTC supply in 6 months
Coinbase appears poised to enter the wrapped Bitcoin market following recent disclosures from the firm. On Aug. 13, Coinbase’s official X (formerly Twitter) account teased an upcoming product with a post saying “cbBTC,” followed by “coming soon.” Head of Corporate and business development at Coinbase Ventures, Shan Aggarwal, commented, it had been “hard to keep …
Continue reading “Coinbase cbBTC could challenge BitGo’s WBTC supply in 6 months”
U.S. inflation rate hits 2.9% as Bitcoin remains around $61,000
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 2 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto industry. Go to Source
Bitcoin donations to RFK Jr. campaign only amount to $61k amid lack of transparency
Independent presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has received only $61,000 in Bitcoin donations since 2023, according to an analysis by blockchain analytical platform Breadcrumbs. This figure is modest compared to Kennedy’s overall fundraising success. According to OpenSecrets data, his 2024 campaign has raised over $100 million. Tracking challenges The Federal Election Commission (FEC) …
Exodus Expands Wallet Capabilities With Blockchain.com On-Ramp Integration
Exodus Movement, Inc. has announced a new partnership with Blockchain.com to integrate Passkeys Wallet with Blockchain.com’s fiat on-ramp services. The integration aims to streamline the process of creating and funding cryptocurrency wallets, potentially expanding access to digital assets. Exodus and Blockchain.com Collaborate to Streamline Global Crypto Access Exodus’ Passkeys Wallet now allows users to purchase …
Continue reading “Exodus Expands Wallet Capabilities With Blockchain.com On-Ramp Integration”
Metamask Partners With Mastercard to Launch Crypto-Backed Debit Card in Europe
Metamask has teamed up with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets. Consensys, the firm behind the project, views this new card as a pivotal step in weaving digital currencies into everyday life. Mastercard and Metamask Team Up to Launch Crypto Debit …
Continue reading “Metamask Partners With Mastercard to Launch Crypto-Backed Debit Card in Europe”
Crypto-All Stars Kicks Off Presale, Launches Innovative Staking Feature for Top Meme Coins
A new meme coin presale has just begun – and it’s already going viral. Crypto All-Stars (STARS) launched its presale four days ago, and everyone’s buzzing about the clever “MemeVault” feature. With enormous staking APYs on offer, could the MemeVault be what sets STARS apart from its peers in the meme coin space? Relive the …
Wazirx Moves Funds to New Wallets After $230M Crypto Theft
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack …
Continue reading “Wazirx Moves Funds to New Wallets After $230M Crypto Theft”
CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal …
Continue reading “CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%”
$67M Shifted—August Sees Tepid Activity in Dormant Bitcoin Wallet Movements
Between Aug. 1 and Aug. 14, more than 1,109 BTC, worth around $67 million, moved from long-dormant bitcoin wallets that had been inactive for years. The bulk of this activity came from 17 distinct wallets, all originating in 2017, making this the largest movement of previously idle bitcoin from any single year of origin shifted …
Continue reading “$67M Shifted—August Sees Tepid Activity in Dormant Bitcoin Wallet Movements “