“The hope is at the end of this case, that when you stand up to a bully, the bully backs down and the bully stops,” a spokesperson for COPA told CoinDesk during an interview following Monday’s court session. “We’re seeking an injunction that’s going to preclude Dr. Wright from doing this ever again.” Source
Out of the ten bitcoin ETFs, WisdomTree’s BTCW has attracted the lowest amount of assets under management (AUM), roughly $12.8 million (296 bitcoin), according to Bloomberg Intelligence data. Asset management giant Franklin Templeton has the second lowest AUM with $64.5 million. Leading the way in asset gathering are BlackRock (more than $3B AUM) and Fidelity ($2.7B AUM). Grayscale, who converted its Grayscale Bitcoin Fund (GBTC) into an ETF and therefore came into the race with $30 billion in AUM, has bled about $10 billion of that since ETF trading began…
January 2024 saw a sixfold increase in the amount lost to web3 hackers who continue to exploit loopholes in smart contract codes employed by crypto and defi protocols. Hackers carted away over $126 million from several attacks on decentralized finance platforms last month, according to AMLBot Co-Founder and CEO Slava Demchuk. Incidents primarily stemmed from a handful of vulnerabilities ranging from multi-sig wallet compromises to loan attack vectors, Demchuk added. One of the largest hacks in January was on Orbit Bridge, a cross-chain protocol that lost north of $80 million…
On-chain data shows a bullish breakout brewing in the Binary CDD indicator for Bitcoin, a sign that a strong price rise could be ahead for the asset. Bitcoin Binary CDD Is Breaking Out Of Accumulation Zone As pointed out by an analyst in a CryptoQuant Quicktake post, the Binary Coin Days Destroyed (CDD) appears to be forming a pattern for the cryptocurrency that has usually been the starting point of a bullish trend. A “coin day” refers to a quantity that 1 BTC accumulates after staying dormant on the blockchain…
The ADA price action of late indicates that of strong support over the $0.488 price level, as the crypto continues to perform lackluster in the past month. However, according to crypto analyst Ali Martinez, Cardano’s current price performance is somewhat of a repeat of previous price action. The analyst noted that Cardano’s price movement looks a lot like late 2020 before ADA went on a massive bull run. If history repeats itself, Cardano could be poised for another major rally that sends the price to $8. ADA Price Chart Shows…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A crypto analyst believes Chainlink (LINK) will likely rise to $20, pointing to heightened trading activity. Meanwhile, Bitcoin Minetrix (BTCMTX) is on a bullish path. It has raised over $10.2 million in ongoing presale. Chainlink on-chain activity points to bulls A crypto analyst expects LINK to breach $20, citing high on-chain activity. So far, there are over 5,330 addresses collectively holding over $8.59 million of LINK. To audit, the…
The crypto exchange created by the founders of the now-defunct hedge fund Three Arrows Capital (3AC) is closing down just a year after its launch. In an email shared by users on the social media platform X, Open Exchange (OPNX) says it will officially cease operations and shut down in February. OPNX says users should settle their positions before February 7th as well as download their historical data and withdraw their funds by February 14th. The platform says open positions will be automatically settled after February 7th and the withdrawal…
Crypto-linked investment products experienced the second-largest inflow of 2024 last week, amounting to $708 million, nearly 99% of which came from Bitcoin. The U.S. market recorded $721 million in inflows, with the fresh ETFs alone gathering $1.7 billion. According to CoinShares research, spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, culminating in a total of $7.7 billion since their approval. Bitcoin ETFs have maintained an average inflow of $1.9 billion over the last four weeks, reaching a cumulative $7.7 billion since…
“While the Fed has pushed out the first rate cut to (possibly in) May or June, inflation is coming in lower, and growth is holding up,” said Thielen in his Friday report. He also took note of the U.S. presidential election cycles which coincide with the Bitcoin halving years as historically being bullish for prices. Specifically, bitcoin gained 152% in 2012, 121% in 2016 and 302% in 2020, or an average of 192%. Original
CoinspeakerGlobal Crypto Assets Record $708 Million in Weekly Inflows Global crypto assets posted $708 million in inflows last week, marking the first net positive inflows in the past three weeks, according to Coinshares’ weekly fund flow report. The inflows saw the total assets under management increase to $53 billion. Since the introduction of US spot BTC ETFs, the total inflows from the ETFs hit $7.7 billion. Total outflows from other issuers shot to $6 billion, but the momentum has reduced significantly. GBTC was responsible for most of the outflows, totaling…