BlackRock’s IBIT recorded a historic inflow of $1.12 billion on Nov. 7, surpassing previous combined totals for all spot Bitcoin exchange-traded funds. This significant capital movement marks the largest single-day inflow in the history of spot Bitcoin ETFs. Bitcoin ETF inflows (Source: Coinglass) Other major asset managers also reported notable inflows. Fidelity’s FBTC received $190.9 …
Monthly archives: November 2024
Coinbase Launches Wrapped Bitcoin Token on Top of Solana
Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we’re excited to bring easy access to BTC.” Coinbase partnered with …
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Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures …
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Crypto.com Unveils ‘Level up’ Rewards Program, Integrates New Service Suite
Singapore-based Crypto.com has unveiled its “Level Up” rewards program, seeking to deliver stocks, banking services, and cards under one roof. The company will integrate these new functionalities, offering 3% on stock deposit transfers, 7.5% rewards on idle cash balances, and 8% in uncapped rewards on card spending. With this move, including these new and improved …
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How Will Trump’s Win Affect the Crypto Market? Why Crypto All Stars Might Benefit?
Crypto investors are buzzing after yesterday’s election results revealed Trump will return to the White House. His last term saw Bitcoin explode onto the global stage – and now traders are hoping for another bull run. With Trump’s track record of pro-crypto comments, several tokens are emerging as top picks for growth. Crypto Market Surges …
African Payment System Gets Banker’s Endorsement, but Viability Questions Linger
The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion of informal trade into the formal economy, Tunde Macaulay, head of Africa and offshore regions …
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Wintermute Proposes New Benefits for Ethena Token Holders
New rewards could be in the works for Ethena token holders via Wintermute’s governance proposal. Ethena Token Holders Set to Enjoy New Rewards Wintermute has suggested a governance change that would implement a “fee switch”, distributing a percentage of Ethena’s (ENA) earnings directly to holders. This was contained in a recent governance proposal published and …
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Analysts Predict Euro to Slide to Parity With US Dollar Under Trump’s Second Term
Donald Trump’s return to the White House may lead to the euro trading at par with the U.S. dollar. Diverging Interest Rate Policies Donald Trump‘s recently confirmed return to the White House is likely to result in the European Union’s currency, the euro, trading at par with the U.S. dollar by year-end, according to predictions …
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Veteran Trader Peter Brandt Says Bitcoin in ‘Sweet Spot,’ Predicts BTC To Hit a Six-Figure Price in Months
Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset recently broke into a new all-time high. Brandt tells his 746,100 followers on the social media platform X that Bitcoin is “now in the sweet spot of the bull market halving cycle.” According to Brandt, Bitcoin could appreciate by between …
Ethereum Foundation Discloses $970M Assets in 2024 Financial Report
TLDR Ethereum Foundation holds $970.2M in assets as of October 2024, with $788.7M in crypto 99% of crypto holdings are in ETH, showing strong commitment to the ecosystem Foundation implements new conflict of interest policy in 2024 ETH price nears $3,000, up 16.2% over past week Foundation spent 30.4% ($32.1M) on layer-1 R&D in 2023 …
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TRON DAO Unveils TRON-Peg USD Coin: A New Gateway to Borderless Transactions
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland, November 7, 2024 – TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless …
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Dapps’ revenue hits $164M in October amid growing adoption
According to a report by Binance Research, decentralized applications (dApps) represented 12 out of 15 protocols with the most significant revenues in October, amounting to $164 million. This suggests growing blockchain adoption, fueled by trading bots and decentralized exchanges. The report highlighted that dApp interactions have steadily risen in recent months, topping all but three …
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Trump administration considering Robinhood legal chief for SEC chair role
President-Elect Donald Trump’s transition team is considering a roster of corporate attorneys and Republican regulators for leadership roles in key financial agencies, with plans to present a finalized shortlist soon, Reuters reported Nov. 7, citing sources familiar with the discussions. Among the top candidates for chair of the Securities and Exchange Commission (SEC) are Dan …
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El Salvador Leader and Trump Discuss High Stakes: Dangerous Past and Future Strategy
El Salvador’s President Nayib Bukele has shared details of his conversation with U.S. President-elect Donald Trump, touching on Trump’s victory, near-death experience, and their shared ambitions. El Salvador Leader and Trump’s Private Exchange: From Victory to a Brush With Deaths El Salvador’s President Nayib Bukele shared details of his phone conversation with U.S. President-elect Donald …
‘Significant Changes’ Loom: SEC’s Crypto Strategy Faces Potential Overhaul
Significant changes are on the horizon for the SEC, predicts Coinbase’s legal chief, who foresees a Trump-led agency narrowing its focus to fraud instead of sweeping industry crackdowns. SEC Faces Reckoning — Crypto Industry Awaits New Dawn in Washington Coinbase Chief Legal Officer Paul Grewal foresees “significant changes” to the U.S. Securities and Exchange Commission …
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