Spot Bitcoin ETFs gained approval in the U.S. on Jan. 10, providing American investors with a new way to invest in Bitcoin. The U.S. Securities and Exchange Commission (SEC) has approved eleven spot Bitcoin exchange-traded funds. Here’s what you need to know. Spot Bitcoin ETFs are exchange-traded funds in which issuers and related parties hold …
Continue reading “U.S. Investors Can Now Access Spot Bitcoin Exchange-Traded Funds (ETFs)”
Crypto intelligence platform DappRadar says user activity on one Ethereum (ETH) challenger exploded in 2023 as decentralized applications (DApps) saw remarkable growth during the period. According to DappRadar’s yearly industry report, smart contract platform Near (NEAR) recorded 302,000 new unique active wallets (UAWs) last year, marking a year-over-year (YoY) increase of 1,902%, the most out …
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Despite the influx of substantial capital into these new spot Bitcoin ETFs, with CoinShares reporting $1.18 billion in inflows into digital asset ETFs globally last week, the expected positive impact on Bitcoin’s price hasn’t materialized. This raises questions about the underlying mechanics of these ETFs and their influence on Bitcoin’s value. Let’s first ensure we …
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Bankrupt FTX’s native token FTT market capitalization surpassed $1 billion again after a recent decline. Since the cryptocurrency exchange abruptly collapsed following a bank run in November 2022, it only briefly traded over $1 billion toward the end of last year, reaching $1.67 billion before declining back to under $850 million. The recent resurgence can be …
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Continue reading “Grayscale and Purpose Bitcoin see strong outflows amid spot ETF launches”
Inflows into crypto-related investment products soared to more than $1 billion last week as investors piled in for the newly launched spot Bitcoin exchange-traded funds (ETF) in the U.S. In its latest weekly report, CoinShares disclosed a notable uptick in the total inflow into cryptocurrency products, reaching $1.18 billion (subject to T+2 settlement) for the …
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Continue reading “BlackRock now top 15 public Bitcoin holder as marketing kicks off”
Barclays analysts are reportedly expecting the Federal Reserve to commit to reversing its hawkish monetary policy early this year. The analysts predict that Personal Consumption Expenditures (PCE) will print an average of 1.9% on a seasonally adjusted annual rate for the last six months of 2023, Investing.com reports. The PCE is an inflation indicator that …
Banking giant Morgan Stanley says that central bank digital currencies (CBDCs) may contribute to a shift away from the US dollar’s hegemony. In a new research note, Andrew Peel, executive director and head of digital asset markets at the bank says that CBDCs are capable of creating a new standard for cross-border payments, reducing the …
A widely followed crypto analyst believes that altcoins are about to take center stage as Bitcoin (BTC) enters a period of consolidation. Analyst Michaël van de Poppe tells his 684,700 followers on the social media platform X that the approval of spot Bitcoin exchange-traded funds (ETFs) might mean that BTC has already printed a short-term …
Amsterdam, 15th January — Chirpley, the dynamic influencer marketplace, has embarked on a transformative journey by spreading its wings to the Ethereum chain. This strategic move aligns with Chirpley’s vision to broaden the reach of CHRP holders within the vibrant crypto community. While the Chirpley platform remains rooted in the Binance Smart Chain (BSC) as …
The recent flurry of activity around Bitcoin spot ETF approvals has the crypto world buzzing about what could be next. All signs point to Ethereum being the next major digital asset in focus for exchange-traded fund providers seeking regulatory approval. Keypoints Ethereum (ETH) has significantly outperformed Bitcoin in recent days, indicating traders are anticipating potential …
Continue reading “After Bitcoin Euphoria: All Eyes on Ethereum ETFs, Will They Be Approved?”
Embattled crypto lending platform Celsius is moving significant holdings to exchanges as part of its Chapter 11 bankruptcy restructuring process first filed in July 2022. Over the past week, Celsius has transferred around $125 million worth of Ether to Coinbase and FalconX according to on-chain analytics firm Arkham Intelligence. The transfers could signify initial steps …
Continue reading “Celsius and FTX Shift Crypto Holdings to Exchanges Amid Bankruptcy Proceedings”
