Month: January 2024

BlackRock and Fidelity lead billion-dollar spot Bitcoin ETF race

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The SEC approved a handful of spot Bitcoin ETFs, but funds from two particular issuers are heads and shoulders above the lot while Grayscale’s GBTC bleeds outflows. Inflows of $1.9 billion and $1.6 billion confirmed spot Bitcoin (BTC) ETFs from BlackRock and Fidelity, respectively. They are the dominant issuers from a basket of 10 asset managers approved to list products by the U.S. Securities and Exchange Commission (SEC). Crypto native firm Bitwise and Cathie Wood-backed ARK 21Shares followed leagues behind the two frontrunners; both recorded inflows of over $500 million. …

Shiba Inu Team Teases ‘Next Big Thing’ As ‘Big Money’ Eyes SHIB

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Shiba Inu marketing lead Lucie has ignited the community’s excitement with a teaser about the project’s future. On X, the platform that has taken the place of Twitter, Lucie dropped a tantalizing hint about what’s to come for the Shiba Inu ecosystem. Her message, shrouded in mystery, suggests a bullish future while details remain undisclosed. Lucie teased, “I can’t disclose specifics, but if you possess basic blockchain skills and understand the Shibarium process, you can anticipate what’s ahead.” Lucie continued by highlighting the interest from significant investors: “Big investors are…

What could drive crypto bull run expected in 2024-2025

Explore the anticipated next crypto bull market in 2024-2025, its key driving factors, and determine which strategy is optimal for you. The crypto market has experienced several bull and bear cycles since Bitcoin’s (BTC) inception in 2009 giving cues for the next crypto bull run 2024-2025. One of the earliest significant bull runs occurred in 2017, when Bitcoin saw a near 20x price increase, peaking close to $20,000 levels. This was followed by a steep decline in what was later termed the “crypto winter” and saw BTC lose over 80%…

Crypto Needs Cohesive Regulation – A Look at Europe’s MiCA

Utility token refers to crypto-assets that are only intended to provide access to a good or a service supplied by its issuer. NOTE! Outside the scope of MiCA are: DeFI protocols, pure NFTs, CBDCs, security tokens or other crypto-assets that qualify as financial instruments according to MiFID II. Licensing. MiCA introduces licensing requirements for crypto-asset service providers, issuers of asset-referenced tokens and issuers of electronic money tokens. In general, CASP will trigger the licensing requirements, unless they are already a licensed credit institution under MiFID. As mentioned before, even with…

GBTC’s Bitcoin (BTC) Sales Top 100K Since ETF Launch

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Grayscale’s Bitcoin Trust (GBTC) moved more than 19,000 bitcoin (BTC) from its publicly known wallet Wednesday morning. Since the spot bitcoin ETFs opened for business on Jan. 11, Grayscale has now moved nearly 113,000 bitcoin from its wallet, the overwhelming majority of which was to Coinbase Prime in preparation for sale, according to data compiled from Arkham. Original

OKB Flash Crash Wipes 25% Off Value In Minutes

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Yesterday, the cryptocurrency market went through a tumultuous ride, witnessing an overall dip of 5%. However, amidst the chaos, one token stood out: OKB, the native token of the OKX exchange. It experienced a dizzying flash crash followed by a remarkable recovery, leaving investors shaken yet surprisingly hopeful. In a span of 30 minutes, OKB plummeted from $51.99 to a mere $39, causing widespread alarm. The sudden drop triggered a series of liquidations, resulting in a staggering $760 million loss in market value. OKB Crash: 25% In Value Gone In…

Fan Club for Solana’s Saga Phone Loses 750 SOL to Hack

The hack is a major financial setback for weeks-old Saga DAO, which at the moment is mostly a Discord server where Saga owners talk about the perks their phones are receiving, including free tokens and NFTs. Saga DAO’s lost SOL came from its selling of a “pre-launch shitcoin” it had received less than a week ago, according to posts in its Discord. Source