Day: March 6, 2024

Arizona to greenlight Bitcoin ETF addition to retirement portfolios

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The Arizona State Senate has approved a bill to look into Bitcoin ETFs as potential additions to investment portfolios. On Feb. 22, the Senate passed the bill in a 16-13 vote to urge the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to monitor further developments in Bitcoin ETFs. After the Senate’s approval, the House of Representatives is reviewing the bill. The memorandum stresses the need for thoughtful deliberation before including such assets in their portfolios. The Senate prioritizes working with SEC-approved firms for Bitcoin…

Cogwise (COGW) Predicts AI Projects Leading the 2024 Bull Run, with Meme Coins Like PEPE, SHIBA INU, DOGE, FLOKI Riding the Wave

In the dynamic landscape of cryptocurrency, where innovation drives market trends and investors seek the next big opportunity, predictions about the direction of the market hold significant weight. As anticipation builds for the anticipated 2024 bull run, a groundbreaking forecast has emerged from the realm of artificial intelligence: Cogwise AI predicts that AI projects will […] Source CryptoX Portal

Bitcoin (BTC) Price Record High Would’ve Happened Without Spot ETFs

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“While there are likely multiple factors driving the price of bitcoin right now, there is no question ETFs are playing a starring role,” said Nate Geraci, president of the ETF Store. “The convenience of the ETF wrapper has unlocked a significant new source of demand in the form of retail investors, advisors, and institutional investors who didn’t want to hassle with buying bitcoin directly from crypto exchanges.” Original

What It Means For Price

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Data shows the Solana (SOL) Open Interest has seen a 20% plunge in the past day. Here’s what this could mean for the cryptocurrency’s price. Solana Open Interest Has Plunged After Market Volatility According to data from the analytics firm Santiment, the Open Interest of Solana and other cryptocurrencies has seen a steep decline since Bitcoin has set its new all-time high. The “Open Interest” here refers to the total amount of derivative contracts (like futures and options) of a given cryptocurrency that are currently open on all exchanges. The…

What is Liquid Staking? – Blockchain.News

Liquid staking is revolutionizing the DeFi landscape by allowing users to stake their crypto assets while maintaining liquidity and earning rewards. This innovative approach is gaining traction in the crypto community. The world of decentralized finance (DeFi) is constantly evolving, and one of the most exciting developments in recent times is the emergence of liquid staking. This innovative concept combines the benefits of traditional staking with the flexibility and liquidity of DeFi, creating new opportunities for cryptocurrency holders to maximize their returns and participate in the growing ecosystem. Introduction to…

Shiba Inu Whale Shifts 1.25 Trillion SHIB Amid Market Volatility, Here’s The Destination

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SHIB’s recent price movement has been nothing but explosive. As of late, Shiba Inu has established itself as a leading performer in the cryptocurrency market, performing as high as 300% in a seven day timeframe.  Interestingly, a large SHIB transaction seems to have caught the eye of investors. According to whale transaction tracker Whale_Alerts, 1.25 trillion SHIB tokens worth $51.3 million were sent into an unknown wallet. On further investigation into on-chain data, it was determined that the recipient wallet is a Robinhood-linked wallet address.  Whale Shifts 1.25 Trillion SHIB…

MicroStrategy Upsizes Convertible Debt to $700M to Buy Even More Bitcoin

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

BlackRock Bitcoin ETF hits record $788m daily net inflows 

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Bitcoin ETF investors parked a record amount of money into BlackRock’s fund on the day crypto’s leading token achieved a new all-time high before retracing up to 10%. BlackRock’s iShares Bitcoin ETF (IBIT) received $788 million in net inflows on Mar. 5, setting a new historical high for daily influx into the investment vehicle as traders seemingly capitalized on a market dip.  btw for context on relative size of $IBIT‘s cash haul, it now ranks 2nd among all ETFs in 1D flow, 1W flow, 1M flow and 3rd in YTD…